Lungyen Life Service (5530) - Net Assets
Based on the latest financial reports, Lungyen Life Service (5530) has net assets worth NT$28.57 Billion TWD (≈ $900.26 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$78.70 Billion ≈ $2.48 Billion USD) and total liabilities (NT$50.13 Billion ≈ $1.58 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 5530 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$28.57 Billion |
| % of Total Assets | 36.31% |
| Annual Growth Rate | 9.42% |
| 5-Year Change | 27.75% |
| 10-Year Change | N/A |
| Growth Volatility | 7.37 |
Lungyen Life Service - Net Assets Trend (2017–2025)
This chart illustrates how Lungyen Life Service's net assets have evolved over time, based on quarterly financial data. See Lungyen Life Service liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Lungyen Life Service (2017–2025)
The table below shows the annual net assets of Lungyen Life Service from 2017 to 2025. For live valuation and market cap data, see Lungyen Life Service (5530) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$28.57 Billion ≈ $900.26 Million |
+8.86% |
| 2024-12-31 | NT$26.25 Billion ≈ $826.99 Million |
+11.57% |
| 2023-12-31 | NT$23.53 Billion ≈ $741.20 Million |
+9.32% |
| 2022-12-31 | NT$21.52 Billion ≈ $678.01 Million |
-3.79% |
| 2021-12-31 | NT$22.37 Billion ≈ $704.70 Million |
+8.81% |
| 2020-12-31 | NT$20.56 Billion ≈ $647.67 Million |
+3.13% |
| 2019-12-31 | NT$19.93 Billion ≈ $628.03 Million |
+21.01% |
| 2018-12-31 | NT$16.47 Billion ≈ $518.99 Million |
+18.46% |
| 2017-12-31 | NT$13.91 Billion ≈ $438.12 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Lungyen Life Service's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 187.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$15.40 Billion | 53.97% |
| Other Components | NT$13.14 Billion | 46.03% |
| Total Equity | NT$28.54 Billion | 100.00% |
Lungyen Life Service Competitors by Market Cap
The table below lists competitors of Lungyen Life Service ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhenhai PetroChem Engineering
SHG:603637
|
$653.84 Million |
|
Cikarang Listrindo Tbk PT
JK:POWR
|
$653.94 Million |
|
Hubei Radio and Television Information Network Co Ltd
SHE:000665
|
$653.95 Million |
|
Guangdong Xiongsu Technology Group Co Ltd
SHE:300599
|
$654.03 Million |
|
Wuxi Xuelang Environmental Technology Co Ltd
SHE:300385
|
$653.73 Million |
|
Xiangyang Automobile Bearing Co Ltd
SHE:000678
|
$653.72 Million |
|
Arjo AB (publ)
ST:ARJO-B
|
$653.69 Million |
|
ABBISKO CAYMAN DL-00001
F:8ZD
|
$653.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lungyen Life Service's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,153,085,000 to 28,538,463,000, a change of 2,385,378,000 (9.1%).
- Net income of 1,154,484,000 contributed positively to equity growth.
- Other factors increased equity by 1,230,894,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.15 Billion | +4.05% |
| Other Changes | NT$1.23 Billion | +4.31% |
| Total Change | NT$- | 9.12% |
Book Value vs Market Value Analysis
This analysis compares Lungyen Life Service's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.66x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$29.82 | NT$49.40 | x |
| 2018-12-31 | NT$35.67 | NT$49.40 | x |
| 2019-12-31 | NT$43.89 | NT$49.40 | x |
| 2020-12-31 | NT$45.05 | NT$49.40 | x |
| 2021-12-31 | NT$49.27 | NT$49.40 | x |
| 2022-12-31 | NT$48.33 | NT$49.40 | x |
| 2023-12-31 | NT$55.73 | NT$49.40 | x |
| 2024-12-31 | NT$62.26 | NT$49.40 | x |
| 2025-12-31 | NT$67.94 | NT$49.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lungyen Life Service utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.53%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.76x
- Recent ROE (4.05%) is below the historical average (8.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.72% | 36.13% | 0.10x | 4.28x | NT$591.11 Million |
| 2018 | 14.55% | 43.99% | 0.08x | 4.22x | NT$682.30 Million |
| 2019 | 12.49% | 50.51% | 0.07x | 3.53x | NT$459.27 Million |
| 2020 | 6.58% | 33.97% | 0.06x | 3.39x | NT$-647.84 Million |
| 2021 | 6.83% | 39.80% | 0.05x | 3.24x | NT$-656.74 Million |
| 2022 | 6.54% | 33.52% | 0.06x | 3.29x | NT$-701.51 Million |
| 2023 | 5.16% | 29.51% | 0.06x | 2.98x | NT$-1.13 Billion |
| 2024 | 6.15% | 38.65% | 0.06x | 2.80x | NT$-1.01 Billion |
| 2025 | 4.05% | 28.53% | 0.05x | 2.76x | NT$-1.70 Billion |
Industry Comparison
This section compares Lungyen Life Service's net assets metrics with peer companies in the Personal Services industry.
Industry Context
- Industry: Personal Services
- Average net assets among peers: $509,470,000
- Average return on equity (ROE) among peers: 1.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lungyen Life Service (5530) | NT$28.57 Billion | 14.72% | 1.75x | $653.81 Million |
| Da Lue International Holding Co Ltd (4804) | $509.47 Million | 1.79% | 1.87x | $6.21 Million |
About Lungyen Life Service
Lungyen Life Service Corporation provides funeral facilities and services in Taiwan. It operates through five segments: Columbarium Sales; Funeral Service; Property Lease; Cemetery Operation and Others; and Construction Sales. The company's funeral services comprise contract and service guide, and order wreath; cemetery services, such as cemetery guide and services, and shuttle services; and pet … Read more