LI Ming Development Construction Co Ltd
Li Ming Development Construction Co., Ltd. engages in the real estate development business in Taiwan. The company builds, leases, and sells buildings. The company also wholesales and retails building materials, and offers interior decoration services. The company was formerly known as M.E.T. Technology Co., Ltd. and changed its name to Li Ming Development Construction Co., Ltd. in January 2007. L… Read more
LI Ming Development Construction Co Ltd (6212) - Net Assets
Latest net assets as of September 2025: NT$3.66 Billion TWD
Based on the latest financial reports, LI Ming Development Construction Co Ltd (6212) has net assets worth NT$3.66 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$11.01 Billion) and total liabilities (NT$7.36 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$3.66 Billion |
| % of Total Assets | 33.19% |
| Annual Growth Rate | 12.06% |
| 5-Year Change | 47.99% |
| 10-Year Change | N/A |
| Growth Volatility | 16.79 |
LI Ming Development Construction Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how LI Ming Development Construction 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 LI Ming Development Construction Co Ltd (2017–2024)
The table below shows the annual net assets of LI Ming Development Construction Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.68 Billion | +7.75% |
| 2023-12-31 | NT$3.42 Billion | +23.02% |
| 2022-12-31 | NT$2.78 Billion | +6.89% |
| 2021-12-31 | NT$2.60 Billion | +4.46% |
| 2020-12-31 | NT$2.49 Billion | +16.31% |
| 2019-12-31 | NT$2.14 Billion | -11.85% |
| 2018-12-31 | NT$2.43 Billion | +46.29% |
| 2017-12-31 | NT$1.66 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to LI Ming Development Construction 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 262.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.31 Billion | 62.87% |
| Other Components | NT$1.37 Billion | 37.13% |
| Total Equity | NT$3.68 Billion | 100.00% |
LI Ming Development Construction Co Ltd Competitors by Market Cap
The table below lists competitors of LI Ming Development Construction Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
E& Corporation CO. LTD
KQ:066980
|
$25.04 Million |
|
AVT Natural Products Limited
NSE:AVTNPL
|
$25.04 Million |
|
Vilniaus Baldai AB
MU:UE3
|
$25.04 Million |
|
ZK International Group Co Ltd
NASDAQ:ZKIN
|
$25.04 Million |
|
KONG SUN (BL25000)
F:KOJ5
|
$25.03 Million |
|
Bekasi Fajar Industrial Estate
JK:BEST
|
$25.03 Million |
|
KSP Co. Ltd.
KQ:073010
|
$25.03 Million |
|
Promise Technology Inc
TW:3057
|
$25.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LI Ming Development Construction Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,415,174,000 to 3,679,849,000, a change of 264,675,000 (7.7%).
- Net income of 621,675,000 contributed positively to equity growth.
- Dividend payments of 357,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$621.67 Million | +16.89% |
| Dividends Paid | NT$357.00 Million | -9.7% |
| Total Change | NT$- | 7.75% |
Book Value vs Market Value Analysis
This analysis compares LI Ming Development Construction 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: 0.81x
- 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 1.79x to 0.81x 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$16.25 | NT$29.10 | x |
| 2018-12-31 | NT$23.78 | NT$29.10 | x |
| 2019-12-31 | NT$20.96 | NT$29.10 | x |
| 2020-12-31 | NT$24.38 | NT$29.10 | x |
| 2021-12-31 | NT$25.46 | NT$29.10 | x |
| 2022-12-31 | NT$27.22 | NT$29.10 | x |
| 2023-12-31 | NT$33.48 | NT$29.10 | x |
| 2024-12-31 | NT$36.08 | NT$29.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LI Ming Development Construction 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): 16.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.40%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 3.24x
- Recent ROE (16.89%) is above the historical average (14.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 10.27% | 10.56% | 0.43x | 2.25x | NT$4.45 Million |
| 2018 | 31.62% | 20.25% | 1.19x | 1.31x | NT$524.24 Million |
| 2019 | 0.97% | 3.00% | 0.11x | 3.07x | NT$-193.10 Million |
| 2020 | 14.02% | 10.54% | 0.35x | 3.80x | NT$100.03 Million |
| 2021 | 16.05% | 12.69% | 0.25x | 4.99x | NT$157.12 Million |
| 2022 | 6.44% | 14.54% | 0.08x | 5.36x | NT$-98.75 Million |
| 2023 | 18.71% | 11.29% | 0.43x | 3.81x | NT$297.44 Million |
| 2024 | 16.89% | 16.40% | 0.32x | 3.24x | NT$253.69 Million |
Industry Comparison
This section compares LI Ming Development Construction 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: $6,386,397,700
- Average return on equity (ROE) among peers: 3.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LI Ming Development Construction Co Ltd (6212) | NT$3.66 Billion | 10.27% | 2.01x | $25.03 Million |
| HUA YU LIEN Development Co Ltd (1436) | $3.68 Billion | 0.00% | 0.02x | $128.92 Million |
| Advancetek Enterprise Co Ltd (1442) | $2.19 Billion | 15.05% | 0.71x | $175.36 Million |
| Better Life Group Co Ltd (1805) | $604.84 Million | -12.64% | 1.28x | $19.30 Million |
| Run Long Construction Co Ltd (1808) | $1.25 Billion | 11.28% | 0.94x | $360.89 Million |
| Jean Co Ltd (2442) | $1.87 Billion | 6.67% | 0.34x | $100.30 Million |
| Kuo Yang Construction Co Ltd (2505) | $2.90 Billion | 0.78% | 1.77x | $118.52 Million |
| Pacific Construction Co Ltd (2506) | $3.86 Billion | 0.00% | 5.23x | $53.85 Million |
| Prince Housing & Development Corp (2511) | $24.14 Billion | 3.95% | 1.27x | $221.71 Million |
| King’s Town Construction Co Ltd (2524) | $14.66 Billion | 11.49% | 1.21x | $49.52 Million |
| Hung Sheng Construction Ltd (2534) | $8.71 Billion | -2.72% | 1.87x | $203.16 Million |