Tacheng Real Estate Co Ltd
Tacheng Real Estate Co.,Ltd. engages in the real estate business in Taiwan. Its involved in the residential construction, leasing and selling of commercial buildings; building materials wholesale and retail; and provision of landscape and interior design services. Tacheng Real Estate Co.,Ltd. was founded in 1984 and is based in Taichung, Taiwan.
Tacheng Real Estate Co Ltd (6171) - Net Assets
Latest net assets as of June 2025: NT$2.43 Billion TWD
Based on the latest financial reports, Tacheng Real Estate Co Ltd (6171) has net assets worth NT$2.43 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.66 Billion) and total liabilities (NT$2.23 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.43 Billion |
| % of Total Assets | 52.22% |
| Annual Growth Rate | 12.17% |
| 5-Year Change | 88.55% |
| 10-Year Change | N/A |
| Growth Volatility | 9.96 |
Tacheng Real Estate Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Tacheng Real Estate Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tacheng Real Estate Co Ltd (2017–2024)
The table below shows the annual net assets of Tacheng Real Estate Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.40 Billion | +21.33% |
| 2023-12-31 | NT$1.98 Billion | +8.06% |
| 2022-12-31 | NT$1.83 Billion | +13.36% |
| 2021-12-31 | NT$1.62 Billion | +26.85% |
| 2020-12-31 | NT$1.27 Billion | +19.70% |
| 2019-12-31 | NT$1.07 Billion | -1.09% |
| 2018-12-31 | NT$1.08 Billion | +0.10% |
| 2017-12-31 | NT$1.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tacheng Real Estate 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 761.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.04 Billion | 43.19% |
| Other Components | NT$1.37 Billion | 56.81% |
| Total Equity | NT$2.40 Billion | 100.00% |
Tacheng Real Estate Co Ltd Competitors by Market Cap
The table below lists competitors of Tacheng Real Estate Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PSG Konsult Ltd
JSE:KST
|
$17.21 Million |
|
Chien Wei Precise Technology Co Ltd
TWO:8092
|
$17.21 Million |
|
FIRST CITIZENS BC A
BE:FC6A
|
$17.21 Million |
|
Geopacific Resources Limited
PINK:GPACF
|
$17.21 Million |
|
Autocount Dotcom Berhad
KLSE:0276
|
$17.17 Million |
|
Independence Gold Corp
OTCQB:IEGCF
|
$17.16 Million |
|
Ariadne Australia Ltd
AU:ARA
|
$17.16 Million |
|
Marka Yatirim Holding AS
IS:MARKA
|
$17.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tacheng Real Estate Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,981,239,000 to 2,403,902,000, a change of 422,663,000 (21.3%).
- Net income of 572,663,000 contributed positively to equity growth.
- Dividend payments of 150,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$572.66 Million | +23.82% |
| Dividends Paid | NT$150.00 Million | -6.24% |
| Total Change | NT$- | 21.33% |
Book Value vs Market Value Analysis
This analysis compares Tacheng Real Estate 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: 1.13x
- 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 1.91x to 1.13x 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$14.28 | NT$27.25 | x |
| 2018-12-31 | NT$14.29 | NT$27.25 | x |
| 2019-12-31 | NT$14.14 | NT$27.25 | x |
| 2020-12-31 | NT$12.74 | NT$27.25 | x |
| 2021-12-31 | NT$16.17 | NT$27.25 | x |
| 2022-12-31 | NT$18.33 | NT$27.25 | x |
| 2023-12-31 | NT$19.81 | NT$27.25 | x |
| 2024-12-31 | NT$24.04 | NT$27.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tacheng Real Estate Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.48%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.93x
- Recent ROE (23.82%) is above the historical average (13.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.68% | 7.15% | 0.37x | 1.39x | NT$-67.97 Million |
| 2018 | 2.20% | 8.31% | 0.18x | 1.45x | NT$-83.99 Million |
| 2019 | 0.31% | 1.94% | 0.07x | 2.21x | NT$-103.22 Million |
| 2020 | 18.23% | 18.98% | 0.36x | 2.64x | NT$104.92 Million |
| 2021 | 25.83% | 20.60% | 0.59x | 2.11x | NT$256.01 Million |
| 2022 | 18.87% | 17.80% | 0.60x | 1.76x | NT$162.70 Million |
| 2023 | 12.51% | 17.93% | 0.42x | 1.65x | NT$49.71 Million |
| 2024 | 23.82% | 31.48% | 0.39x | 1.93x | NT$332.27 Million |
Industry Comparison
This section compares Tacheng Real Estate Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $6,584,659,200
- Average return on equity (ROE) among peers: 6.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tacheng Real Estate Co Ltd (6171) | NT$2.43 Billion | 3.68% | 0.91x | $17.20 Million |
| HUA YU LIEN Development Co Ltd (1436) | $3.02 Billion | 16.10% | 3.53x | $129.39 Million |
| Advancetek Enterprise Co Ltd (1442) | $5.24 Billion | 2.31% | 1.02x | $178.30 Million |
| Better Life Group Co Ltd (1805) | $323.75 Million | 0.00% | 2.24x | $19.30 Million |
| Run Long Construction Co Ltd (1808) | $2.63 Billion | 29.05% | 2.13x | $368.38 Million |
| Jean Co Ltd (2442) | $3.33 Billion | 0.00% | 1.23x | $101.72 Million |
| Kuo Yang Construction Co Ltd (2505) | $8.22 Billion | 0.69% | 1.26x | $116.40 Million |
| Pacific Construction Co Ltd (2506) | $15.29 Billion | 0.00% | 2.26x | $53.85 Million |
| Prince Housing & Development Corp (2511) | $10.50 Billion | -3.12% | 3.02x | $221.71 Million |
| King’s Town Construction Co Ltd (2524) | $8.23 Billion | 17.33% | 1.31x | $49.96 Million |
| Hung Sheng Construction Ltd (2534) | $9.07 Billion | 0.00% | 1.89x | $203.67 Million |