Full Wang International Development Co Ltd
Full Wang International Development Co., Ltd., together with its subsidiaries, engages in the real estate business in Taiwan. The company constructs, develops, and trades in real estate properties, as well as engages in leasing, and intermediary activities. It is also involved in the sale of cosmetics and skin care products. The company was founded in 1986 and is based in Taichung, Taiwan.
Full Wang International Development Co Ltd (6219) - Net Assets
Latest net assets as of September 2025: NT$1.72 Billion TWD
Based on the latest financial reports, Full Wang International Development Co Ltd (6219) has net assets worth NT$1.72 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$13.57 Billion) and total liabilities (NT$11.84 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$1.72 Billion |
| % of Total Assets | 12.69% |
| Annual Growth Rate | 4.96% |
| 5-Year Change | -0.79% |
| 10-Year Change | 7.7% |
| Growth Volatility | 87.39 |
Full Wang International Development Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Full Wang International Development 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 Full Wang International Development Co Ltd (2002–2024)
The table below shows the annual net assets of Full Wang International Development Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.10 Billion | +41.24% |
| 2023-12-31 | NT$1.49 Billion | +72.51% |
| 2022-12-31 | NT$863.26 Million | -54.06% |
| 2021-12-31 | NT$1.88 Billion | -11.37% |
| 2020-12-31 | NT$2.12 Billion | +14.11% |
| 2019-12-31 | NT$1.86 Billion | +1.20% |
| 2018-12-31 | NT$1.84 Billion | -0.32% |
| 2017-12-31 | NT$1.84 Billion | -4.57% |
| 2016-12-31 | NT$1.93 Billion | -1.18% |
| 2015-12-31 | NT$1.95 Billion | -3.88% |
| 2014-12-31 | NT$2.03 Billion | +9.01% |
| 2013-12-31 | NT$1.86 Billion | +9.90% |
| 2012-12-31 | NT$1.70 Billion | +51.32% |
| 2011-12-31 | NT$1.12 Billion | -17.98% |
| 2010-12-31 | NT$1.37 Billion | +48.44% |
| 2009-12-31 | NT$920.56 Million | +367.75% |
| 2008-12-31 | NT$196.81 Million | -37.04% |
| 2007-12-31 | NT$312.59 Million | -9.35% |
| 2006-12-31 | NT$344.83 Million | +148.14% |
| 2005-12-31 | NT$138.97 Million | -72.23% |
| 2004-12-31 | NT$500.36 Million | -12.50% |
| 2003-12-31 | NT$571.84 Million | -21.17% |
| 2002-12-31 | NT$725.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Full Wang International Development 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 2134.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$604.96 Million | 28.76% |
| Other Components | NT$1.50 Billion | 71.24% |
| Total Equity | NT$2.10 Billion | 100.00% |
Full Wang International Development Co Ltd Competitors by Market Cap
The table below lists competitors of Full Wang International Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Powercom Co Ltd
TW:3043
|
$22.47 Million |
|
Danakali Ltd
PINK:SBMSF
|
$22.48 Million |
|
Drb Industrial
KO:163560
|
$22.49 Million |
|
Resolution Minerals Ltd
PINK:RLMLF
|
$22.49 Million |
|
Moleculin Biotech Inc
NASDAQ:MBRX
|
$22.47 Million |
|
GREAT ELM GROUP NEW-001
F:PNC
|
$22.46 Million |
|
Optiscan Imaging Ltd
AU:OIL
|
$22.46 Million |
|
HBR Realty Empreendimentos Imobiliários S.A
SA:HBRE3
|
$22.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Full Wang International Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,489,218,000 to 2,103,320,000, a change of 614,102,000 (41.2%).
- Net income of 604,961,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 171,890,000.
- Other factors increased equity by 181,031,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$604.96 Million | +28.76% |
| Other Comprehensive Income | NT$-171.89 Million | -8.17% |
| Other Changes | NT$181.03 Million | +8.61% |
| Total Change | NT$- | 41.24% |
Book Value vs Market Value Analysis
This analysis compares Full Wang International Development 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: 0.88x
- 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 increased from 0.78x to 0.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$19.09 | NT$14.80 | x |
| 2010-12-31 | NT$13.67 | NT$14.80 | x |
| 2011-12-31 | NT$11.48 | NT$14.80 | x |
| 2012-12-31 | NT$16.44 | NT$14.80 | x |
| 2013-12-31 | NT$15.11 | NT$14.80 | x |
| 2014-12-31 | NT$16.68 | NT$14.80 | x |
| 2015-12-31 | NT$18.18 | NT$14.80 | x |
| 2016-12-31 | NT$17.99 | NT$14.80 | x |
| 2017-12-31 | NT$18.32 | NT$14.80 | x |
| 2018-12-31 | NT$19.47 | NT$14.80 | x |
| 2019-12-31 | NT$18.81 | NT$14.80 | x |
| 2020-12-31 | NT$21.44 | NT$14.80 | x |
| 2021-12-31 | NT$19.07 | NT$14.80 | x |
| 2022-12-31 | NT$8.78 | NT$14.80 | x |
| 2023-12-31 | NT$15.55 | NT$14.80 | x |
| 2024-12-31 | NT$16.83 | NT$14.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Full Wang International Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 28.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.68%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 6.31x
- Recent ROE (28.76%) is above the historical average (2.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 2.73% | 0.46% | 2.12x | 2.78x | NT$-52.76 Million |
| 2007 | 1.02% | 0.24% | 3.71x | 1.17x | NT$-28.06 Million |
| 2009 | -5.26% | -20.99% | 0.17x | 1.48x | NT$-140.46 Million |
| 2010 | 32.62% | 12.64% | 1.15x | 2.25x | NT$309.05 Million |
| 2011 | -21.47% | -29.43% | 0.27x | 2.69x | NT$-352.13 Million |
| 2012 | 15.39% | 11.30% | 0.54x | 2.50x | NT$91.43 Million |
| 2013 | 20.05% | 19.69% | 0.41x | 2.49x | NT$187.26 Million |
| 2014 | 25.15% | 22.41% | 0.35x | 3.24x | NT$307.90 Million |
| 2015 | 1.18% | 1.89% | 0.19x | 3.24x | NT$-172.30 Million |
| 2016 | 0.86% | 1.29% | 0.19x | 3.58x | NT$-176.34 Million |
| 2017 | 6.99% | 7.49% | 0.23x | 4.11x | NT$-55.39 Million |
| 2018 | 5.96% | 4.60% | 0.29x | 4.51x | NT$-74.19 Million |
| 2019 | 10.79% | 12.35% | 0.21x | 4.21x | NT$14.69 Million |
| 2020 | 17.10% | 11.36% | 0.33x | 4.59x | NT$150.58 Million |
| 2021 | 3.61% | 2.13% | 0.30x | 5.68x | NT$-120.09 Million |
| 2022 | -113.25% | -169.14% | 0.06x | 11.23x | NT$-1.06 Billion |
| 2023 | 12.97% | 7.43% | 0.25x | 6.91x | NT$44.19 Million |
| 2024 | 28.76% | 12.68% | 0.36x | 6.31x | NT$394.63 Million |
Industry Comparison
This section compares Full Wang International Development Co Ltd's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $7,143,628,000
- Average return on equity (ROE) among peers: -1.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Full Wang International Development Co Ltd (6219) | NT$1.72 Billion | 2.73% | 6.88x | $22.47 Million |
| SanDi Properties Co Ltd (1438) | $281.86 Million | -43.04% | 2.86x | $49.25 Million |
| Kindom Construction Corp (2520) | $7.46 Billion | 2.99% | 1.14x | $362.82 Million |
| Huang Hsiang Construction Corp (2545) | $12.23 Billion | 15.50% | 3.15x | $145.77 Million |
| Rich Development Co Ltd (5512) | $10.56 Billion | 11.83% | 1.67x | $120.75 Million |
| San Far Property Ltd (9946) | $5.19 Billion | 6.67% | 1.24x | $79.44 Million |