BYC Co Ltd
BYC Co., Ltd. produces and sells underwear in South Korea and internationally. The company manufactures and sells goods and products, such as underwear and clothing. It also provides contract construction, construction sales, rental services, and advertising agency services. The company was founded in 1946 and is headquartered in Seoul, South Korea.
BYC Co Ltd (001465) - Net Assets
Latest net assets as of September 2025: ₩555.03 Billion KRW
Based on the latest financial reports, BYC Co Ltd (001465) has net assets worth ₩555.03 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩731.11 Billion) and total liabilities (₩176.08 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 | ₩555.03 Billion |
| % of Total Assets | 75.92% |
| Annual Growth Rate | 4.16% |
| 5-Year Change | 21.37% |
| 10-Year Change | 45.3% |
| Growth Volatility | 1.86 |
BYC Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how BYC 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 BYC Co Ltd (2014–2024)
The table below shows the annual net assets of BYC Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩549.41 Billion | +2.71% |
| 2023-12-31 | ₩534.92 Billion | +3.72% |
| 2022-12-31 | ₩515.74 Billion | +7.04% |
| 2021-12-31 | ₩481.81 Billion | +6.44% |
| 2020-12-31 | ₩452.67 Billion | +4.22% |
| 2019-12-31 | ₩434.33 Billion | +6.61% |
| 2018-12-31 | ₩407.40 Billion | +2.02% |
| 2017-12-31 | ₩399.34 Billion | +1.39% |
| 2016-12-31 | ₩393.85 Billion | +4.16% |
| 2015-12-31 | ₩378.12 Billion | +3.47% |
| 2014-12-31 | ₩365.43 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BYC 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 52.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩538.38 Billion | 98.00% |
| Other Components | ₩11.00 Billion | 2.00% |
| Total Equity | ₩549.38 Billion | 100.00% |
BYC Co Ltd Competitors by Market Cap
The table below lists competitors of BYC Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eastern Michigan Financial Corporation
PINK:EFIN
|
$50.36 Million |
|
Biodesix Inc
NASDAQ:BDSX
|
$50.38 Million |
|
Sajo Ind
KO:007160
|
$50.38 Million |
|
Sir Royalty Income Fund
PINK:SIRZF
|
$50.38 Million |
|
Hyundai Hcn
KO:126560
|
$50.33 Million |
|
Morn Sun Feed Mill Corp
TWO:1240
|
$50.32 Million |
|
Sunny Pharmtech Inc.
TWO:6676
|
$50.30 Million |
|
Patrangsit Healthcare Group Public Company Limited
BK:PHG
|
$50.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BYC Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 534,889,237,090 to 549,377,723,340, a change of 14,488,486,250 (2.7%).
- Net income of 18,408,690,480 contributed positively to equity growth.
- Dividend payments of 2,513,476,600 reduced retained earnings.
- Share repurchases of 715,936,480 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩18.41 Billion | +3.35% |
| Dividends Paid | ₩2.51 Billion | -0.46% |
| Share Repurchases | ₩715.94 Million | -0.13% |
| Other Changes | ₩-690.79 Million | -0.13% |
| Total Change | ₩- | 2.71% |
Book Value vs Market Value Analysis
This analysis compares BYC 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: 0.30x
- 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 0.04x to 0.30x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩639384.92 | ₩26800.00 | x |
| 2018-12-31 | ₩652307.75 | ₩26800.00 | x |
| 2019-12-31 | ₩695391.50 | ₩26800.00 | x |
| 2020-12-31 | ₩724752.46 | ₩26800.00 | x |
| 2021-12-31 | ₩577323.92 | ₩26800.00 | x |
| 2022-12-31 | ₩82573.51 | ₩26800.00 | x |
| 2023-12-31 | ₩640899.07 | ₩26800.00 | x |
| 2024-12-31 | ₩88210.44 | ₩26800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BYC 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): 3.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.14%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.27x
- Recent ROE (3.35%) is below the historical average (4.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 5.23% | 10.77% | 0.29x | 1.67x | ₩-17.38 Billion |
| 2015 | 3.50% | 7.24% | 0.26x | 1.83x | ₩-24.52 Billion |
| 2016 | 4.45% | 8.28% | 0.29x | 1.86x | ₩-21.85 Billion |
| 2017 | 1.55% | 3.17% | 0.26x | 1.87x | ₩-33.74 Billion |
| 2018 | 2.23% | 4.60% | 0.27x | 1.81x | ₩-31.64 Billion |
| 2019 | 6.39% | 16.28% | 0.25x | 1.60x | ₩-15.66 Billion |
| 2020 | 4.04% | 11.30% | 0.24x | 1.50x | ₩-26.98 Billion |
| 2021 | 6.20% | 18.16% | 0.24x | 1.42x | ₩-18.32 Billion |
| 2022 | 6.84% | 20.80% | 0.25x | 1.30x | ₩-16.29 Billion |
| 2023 | 4.43% | 14.06% | 0.25x | 1.28x | ₩-29.81 Billion |
| 2024 | 3.35% | 11.14% | 0.24x | 1.27x | ₩-36.53 Billion |
Industry Comparison
This section compares BYC Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $190,987,961,441
- Average return on equity (ROE) among peers: 8.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BYC Co Ltd (001465) | ₩555.03 Billion | 5.23% | 0.32x | $50.34 Million |
| Vivien Corp (002070) | $138.99 Billion | 0.12% | 0.40x | $10.53 Million |
| Kuk Dong (005320) | $28.64 Billion | 31.07% | 2.12x | $15.40 Million |
| Shinsung Tngsn (005390) | $230.85 Billion | 2.26% | 1.99x | $10.03 Million |
| Shinyoung Waco (005800) | $251.88 Billion | 6.83% | 0.12x | $26.78 Million |
| F&F Holdings Co. Ltd (007700) | $189.53 Billion | 7.38% | 0.70x | $40.03 Million |
| Pan-Pacific (007980) | $241.92 Billion | 9.16% | 2.11x | $38.87 Million |
| Willbes (008600) | $126.89 Billion | 2.17% | 0.93x | $13.89 Million |
| Shinwon (009270) | $213.79 Billion | 2.77% | 1.55x | $51.58 Million |
| Youngone Holdi (009970) | $296.42 Billion | 11.43% | 0.61x | $813.72 Million |