Samick Music I
SAMICK MUSICAL INSTRUMENT Co., Ltd, together with subsidiaries, manufactures, and sells musical instruments in South Korea. It offers pianos, digital pianos and audios, DJ, guitar and bass products, ukulele, and orchestra, as well as musical instruments for teaching materials. The company also sells its products online. The company was founded in 1958 and is headquartered in Eumseong-eup, South K… Read more
Samick Music I (002450) - Net Assets
Latest net assets as of September 2025: ₩279.98 Billion KRW
Based on the latest financial reports, Samick Music I (002450) has net assets worth ₩279.98 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 (₩513.93 Billion) and total liabilities (₩233.95 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 | ₩279.98 Billion |
| % of Total Assets | 54.48% |
| Annual Growth Rate | N/A |
| 5-Year Change | 22.1% |
| 10-Year Change | 24.79% |
| Growth Volatility | 7.7 |
Samick Music I - Net Assets Trend (2000–2024)
This chart illustrates how Samick Music I's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Samick Music I (2000–2024)
The table below shows the annual net assets of Samick Music I from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩272.15 Billion | +3.79% |
| 2023-12-31 | ₩262.20 Billion | +0.59% |
| 2022-12-31 | ₩260.65 Billion | +2.66% |
| 2021-12-31 | ₩253.91 Billion | +13.91% |
| 2020-12-31 | ₩222.90 Billion | -0.57% |
| 2019-12-31 | ₩224.16 Billion | +6.00% |
| 2018-12-31 | ₩211.48 Billion | +2.35% |
| 2017-12-31 | ₩206.62 Billion | -7.94% |
| 2016-12-31 | ₩224.44 Billion | +2.91% |
| 2015-12-31 | ₩218.09 Billion | +2.63% |
| 2014-12-31 | ₩212.51 Billion | +16.95% |
| 2013-12-31 | ₩181.71 Billion | +26.20% |
| 2012-12-31 | ₩143.99 Billion | -0.41% |
| 2011-12-31 | ₩144.58 Billion | +2.96% |
| 2010-12-31 | ₩140.42 Billion | +2.30% |
| 2009-12-31 | ₩137.26 Billion | +6.06% |
| 2008-12-31 | ₩129.42 Billion | +7.27% |
| 2007-12-31 | ₩120.65 Billion | +4.78% |
| 2006-12-31 | ₩115.15 Billion | -1.74% |
| 2005-12-31 | ₩117.19 Billion | +2.40% |
| 2004-12-31 | ₩114.44 Billion | -12.72% |
| 2003-12-31 | ₩131.12 Billion | +1.62% |
| 2002-12-31 | ₩129.03 Billion | +723.67% |
| 2001-12-31 | ₩-20.69 Billion | -204.95% |
| 2000-12-31 | ₩-6.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Samick Music I'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 21324732701000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩213.25 Billion | 78.09% |
| Other Components | ₩59.83 Billion | 21.91% |
| Total Equity | ₩273.08 Billion | 100.00% |
Samick Music I Competitors by Market Cap
The table below lists competitors of Samick Music I ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
High Co. SA
PA:HCO
|
$30.94 Million |
|
Kamdhenu Limited
NSE:KAMDHENU
|
$30.95 Million |
|
Sinil Pharmaceutical Co. Ltd
KQ:012790
|
$30.95 Million |
|
Roularta
BR:ROU
|
$30.96 Million |
|
CLOUDR GROUP LTD.
F:H3L
|
$30.89 Million |
|
Master Ad Public Company Limited
BK:ROCTEC
|
$30.85 Million |
|
Jinzhou Port Co Ltd B
SHG:900952
|
$30.84 Million |
|
Saultech Technology Co., Ltd
TWO:6812
|
$30.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Samick Music I's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 262,957,223,870 to 273,075,226,520, a change of 10,118,002,650 (3.8%).
- Net income of 3,147,185,190 contributed positively to equity growth.
- Dividend payments of 4,051,369,600 reduced retained earnings.
- Share repurchases of 6,404,992,460 reduced equity.
- Other factors increased equity by 17,427,179,520.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.15 Billion | +1.15% |
| Dividends Paid | ₩4.05 Billion | -1.48% |
| Share Repurchases | ₩6.40 Billion | -2.35% |
| Other Changes | ₩17.43 Billion | +6.38% |
| Total Change | ₩- | 3.85% |
Book Value vs Market Value Analysis
This analysis compares Samick Music I'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: 0.33x
- 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 0.48x to 0.33x 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 | ₩2507.58 | ₩1203.00 | x |
| 2018-12-31 | ₩2528.26 | ₩1203.00 | x |
| 2019-12-31 | ₩2685.35 | ₩1203.00 | x |
| 2020-12-31 | ₩2670.69 | ₩1203.00 | x |
| 2021-12-31 | ₩3052.48 | ₩1203.00 | x |
| 2022-12-31 | ₩3225.40 | ₩1203.00 | x |
| 2023-12-31 | ₩3245.15 | ₩1203.00 | x |
| 2024-12-31 | ₩3591.63 | ₩1203.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Samick Music I 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): 1.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.37%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.92x
- Recent ROE (1.15%) is below the historical average (9.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 90.43% | 61.41% | 0.59x | 2.48x | ₩98.52 Billion |
| 2003 | 11.15% | 8.12% | 0.60x | 2.30x | ₩1.41 Billion |
| 2005 | 7.31% | 5.96% | 0.65x | 1.87x | ₩-3.15 Billion |
| 2006 | 2.75% | 2.79% | 0.57x | 1.74x | ₩-8.33 Billion |
| 2007 | 3.89% | 4.33% | 0.51x | 1.76x | ₩-7.33 Billion |
| 2008 | 1.29% | 1.29% | 0.49x | 2.05x | ₩-11.21 Billion |
| 2009 | 6.03% | 7.07% | 0.42x | 2.04x | ₩-5.30 Billion |
| 2010 | 3.19% | 3.25% | 0.45x | 2.20x | ₩-9.36 Billion |
| 2011 | 1.51% | 1.32% | 0.47x | 2.44x | ₩-12.26 Billion |
| 2012 | 5.33% | 4.93% | 0.48x | 2.25x | ₩-6.71 Billion |
| 2013 | 25.40% | 29.10% | 0.46x | 1.90x | ₩27.96 Billion |
| 2014 | 5.06% | 6.90% | 0.41x | 1.79x | ₩-10.47 Billion |
| 2015 | 3.81% | 5.15% | 0.39x | 1.88x | ₩-13.47 Billion |
| 2016 | 2.82% | 3.03% | 0.50x | 1.85x | ₩-16.07 Billion |
| 2017 | -2.47% | -2.02% | 0.44x | 2.80x | ₩-26.75 Billion |
| 2018 | 6.54% | 5.76% | 0.40x | 2.81x | ₩-7.30 Billion |
| 2019 | 6.08% | 5.14% | 0.43x | 2.73x | ₩-8.78 Billion |
| 2020 | 4.50% | 4.05% | 0.40x | 2.79x | ₩-12.27 Billion |
| 2021 | 9.64% | 8.32% | 0.50x | 2.30x | ₩-914.05 Million |
| 2022 | 5.78% | 4.64% | 0.62x | 2.00x | ₩-11.03 Billion |
| 2023 | 1.30% | 1.38% | 0.46x | 2.03x | ₩-22.87 Billion |
| 2024 | 1.15% | 1.37% | 0.44x | 1.92x | ₩-24.16 Billion |
Industry Comparison
This section compares Samick Music I's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $669,751,157,444
- Average return on equity (ROE) among peers: 6.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Samick Music I (002450) | ₩279.98 Billion | 90.43% | 0.84x | $30.91 Million |
| YoungPoong (000670) | $3.14 Trillion | 5.17% | 0.32x | $157.17 Million |
| Sam Hwa Capaci (001820) | $45.99 Billion | -13.51% | 1.37x | $256.49 Million |
| Hansol Technics (004710) | $100.42 Billion | 39.96% | 0.88x | $85.28 Million |
| Sunny Elec (004770) | $30.06 Billion | 0.40% | 0.10x | $34.35 Million |
| PJ Electronics Co. Ltd (006140) | $107.04 Billion | 4.56% | 0.29x | $21.03 Million |
| Isupetasys (007660) | $91.66 Billion | 0.00% | 1.44x | $4.61 Billion |
| Korea Circuit Co. Ltd. (007810) | $751.61 Billion | 9.13% | 0.72x | $488.11 Million |
| Kyung In Elect (009140) | $76.56 Billion | 3.34% | 0.06x | $7.70 Million |
| Samsung Electro-Mechanics (009150) | $1.68 Trillion | 5.43% | 0.78x | $18.33 Billion |