King Polytechnic Engineering Co Ltd (6122) - Net Assets
Based on the latest financial reports, King Polytechnic Engineering Co Ltd (6122) has net assets worth NT$1.92 Billion TWD (≈ $60.36 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$4.93 Billion ≈ $155.38 Million USD) and total liabilities (NT$3.02 Billion ≈ $95.02 Million 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 how tangible is King Polytechnic Engineering Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.92 Billion |
| % of Total Assets | 38.85% |
| Annual Growth Rate | 8.13% |
| 5-Year Change | 63.96% |
| 10-Year Change | N/A |
| Growth Volatility | 7.64 |
King Polytechnic Engineering Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how King Polytechnic Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can King Polytechnic Engineering Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for King Polytechnic Engineering Co Ltd (2016–2025)
The table below shows the annual net assets of King Polytechnic Engineering Co Ltd from 2016 to 2025. For live valuation and market cap data, see King Polytechnic Engineering Co Ltd (6122) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.92 Billion ≈ $60.36 Million |
+4.98% |
| 2024-12-31 | NT$1.83 Billion ≈ $57.50 Million |
+13.05% |
| 2023-12-31 | NT$1.61 Billion ≈ $50.86 Million |
+26.80% |
| 2022-12-31 | NT$1.27 Billion ≈ $40.11 Million |
+8.96% |
| 2021-12-31 | NT$1.17 Billion ≈ $36.82 Million |
+2.29% |
| 2020-12-31 | NT$1.14 Billion ≈ $35.99 Million |
-0.30% |
| 2019-12-31 | NT$1.15 Billion ≈ $36.10 Million |
+8.88% |
| 2018-12-31 | NT$1.05 Billion ≈ $33.16 Million |
+8.78% |
| 2017-12-31 | NT$967.46 Million ≈ $30.48 Million |
+2.05% |
| 2016-12-31 | NT$947.99 Million ≈ $29.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to King Polytechnic Engineering Co Ltd'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 1440.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$776.57 Million | 40.53% |
| Other Components | NT$1.14 Billion | 59.47% |
| Total Equity | NT$1.92 Billion | 100.00% |
King Polytechnic Engineering Co Ltd Competitors by Market Cap
The table below lists competitors of King Polytechnic Engineering Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tile Shop Holdings Inc
NASDAQ:TTSH
|
$113.09 Million |
|
Harbin Bank Co. Ltd
F:5H6
|
$113.12 Million |
|
Cornerstone OnDemand Inc
F:8CO
|
$113.17 Million |
|
Western Carriers India Ltd
NSE:WCIL
|
$113.22 Million |
|
Soquicom
SN:SOQUICOM
|
$113.04 Million |
|
Ramaco Resources Inc.
NASDAQ:METCB
|
$113.02 Million |
|
51Talk Online Education Group
NYSE MKT:COE
|
$113.01 Million |
|
Modetour Network Inc
KQ:080160
|
$112.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in King Polytechnic Engineering Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,825,079,000 to 1,915,939,000, a change of 90,860,000 (5.0%).
- Net income of 368,945,000 contributed positively to equity growth.
- Dividend payments of 249,893,000 reduced retained earnings.
- Share repurchases of 79,864,000 reduced equity.
- Other factors increased equity by 51,672,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$368.94 Million | +19.26% |
| Dividends Paid | NT$249.89 Million | -13.04% |
| Share Repurchases | NT$79.86 Million | -4.17% |
| Other Changes | NT$51.67 Million | +2.7% |
| Total Change | NT$- | 4.98% |
Book Value vs Market Value Analysis
This analysis compares King Polytechnic Engineering Co Ltd'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: 1.87x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.75x to 1.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$12.52 | NT$46.90 | x |
| 2017-12-31 | NT$12.76 | NT$46.90 | x |
| 2018-12-31 | NT$13.82 | NT$46.90 | x |
| 2019-12-31 | NT$14.43 | NT$46.90 | x |
| 2020-12-31 | NT$15.24 | NT$46.90 | x |
| 2021-12-31 | NT$15.60 | NT$46.90 | x |
| 2022-12-31 | NT$16.93 | NT$46.90 | x |
| 2023-12-31 | NT$21.47 | NT$46.90 | x |
| 2024-12-31 | NT$23.37 | NT$46.90 | x |
| 2025-12-31 | NT$25.03 | NT$46.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently King Polytechnic Engineering Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.81%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.57x
- Recent ROE (19.26%) is above the historical average (9.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.47% | -1.18% | 0.67x | 1.86x | NT$-106.79 Million |
| 2017 | 1.75% | 0.78% | 0.87x | 2.57x | NT$-78.42 Million |
| 2018 | 1.34% | 0.69% | 1.00x | 1.95x | NT$-89.37 Million |
| 2019 | 14.66% | 8.72% | 0.93x | 1.81x | NT$53.41 Million |
| 2020 | 1.40% | 0.87% | 0.89x | 1.81x | NT$-98.20 Million |
| 2021 | 4.77% | 3.10% | 0.75x | 2.04x | NT$-61.12 Million |
| 2022 | 10.13% | 5.25% | 0.66x | 2.92x | NT$1.69 Million |
| 2023 | 24.20% | 7.35% | 1.51x | 2.17x | NT$229.26 Million |
| 2024 | 18.86% | 8.33% | 0.85x | 2.66x | NT$161.71 Million |
| 2025 | 19.26% | 8.81% | 0.85x | 2.57x | NT$177.35 Million |
Industry Comparison
This section compares King Polytechnic Engineering Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $6,436,193,000
- Average return on equity (ROE) among peers: 8.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| King Polytechnic Engineering Co Ltd (6122) | NT$1.92 Billion | -1.47% | 1.57x | $113.09 Million |
| Tri Ocean Textile Co Ltd (1472) | $393.55 Million | 16.69% | 1.48x | $150.48 Million |
| United Integrated Services Co Ltd (2404) | $6.64 Billion | 23.39% | 1.56x | $7.61 Billion |
| Long Bon International Co Ltd (2514) | $18.53 Billion | 3.44% | 21.69x | $154.57 Million |
| BES Engineering Co (2515) | $16.65 Billion | 0.56% | 1.48x | $673.75 Million |
| New Asia Construction & Development Corp (2516) | $1.77 Billion | 12.33% | 3.11x | $96.24 Million |
| Kindom Construction Corp (2520) | $6.63 Billion | 0.00% | 0.84x | $671.53 Million |
| Delpha Construction Co Ltd (2530) | $6.40 Billion | -1.49% | 0.35x | $542.01 Million |
| Da-Cin Construction Co Ltd (2535) | $4.45 Billion | 11.78% | 1.55x | $791.78 Million |
| Hwang Chang General Contractor Co Ltd (2543) | $2.18 Billion | 5.17% | 2.62x | $773.48 Million |
| Kedge Construction Co Ltd (2546) | $709.84 Million | 8.48% | 2.31x | $388.61 Million |
About King Polytechnic Engineering Co Ltd
King Polytechnic Engineering Co., Ltd. operates as a construction company in Taiwan and the United States. The company is in volved in the design and installation of chemical machinery and sterile dust-free equipment; networking, investment, production, sale, installation, and maintenance of high-tech purification equipment; civil construction; transportation and sale of sediments; trading in con… Read more