Samick Music I (002450) - Net Assets
Based on the latest financial reports, Samick Music I (002450) has net assets worth ₩297.14 Billion KRW (≈ $201.37 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩541.24 Billion ≈ $366.79 Million USD) and total liabilities (₩244.10 Billion ≈ $165.42 Million USD). 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. Also explore Samick Music I total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩297.14 Billion |
| % of Total Assets | 54.9% |
| Annual Growth Rate | N/A |
| 5-Year Change | 10.24% |
| 10-Year Change | 24.71% |
| Growth Volatility | 7.53 |
Samick Music I - Net Assets Trend (2000–2025)
This chart illustrates how Samick Music I's net assets have evolved over time, based on quarterly financial data. Check 002450 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Samick Music I (2000–2025)
The table below shows the annual net assets of Samick Music I from 2000 to 2025. For live valuation and market cap data, see Samick Music I stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩279.90 Billion ≈ $189.69 Million |
+2.85% |
| 2024-12-31 | ₩272.15 Billion ≈ $184.43 Million |
+3.79% |
| 2023-12-31 | ₩262.20 Billion ≈ $177.69 Million |
+0.59% |
| 2022-12-31 | ₩260.65 Billion ≈ $176.64 Million |
+2.66% |
| 2021-12-31 | ₩253.91 Billion ≈ $172.07 Million |
+13.91% |
| 2020-12-31 | ₩222.90 Billion ≈ $151.05 Million |
-0.57% |
| 2019-12-31 | ₩224.16 Billion ≈ $151.91 Million |
+6.00% |
| 2018-12-31 | ₩211.48 Billion ≈ $143.32 Million |
+2.35% |
| 2017-12-31 | ₩206.62 Billion ≈ $140.02 Million |
-7.94% |
| 2016-12-31 | ₩224.44 Billion ≈ $152.10 Million |
+2.91% |
| 2015-12-31 | ₩218.09 Billion ≈ $147.80 Million |
+2.63% |
| 2014-12-31 | ₩212.51 Billion ≈ $144.02 Million |
+16.95% |
| 2013-12-31 | ₩181.71 Billion ≈ $123.14 Million |
+26.20% |
| 2012-12-31 | ₩143.99 Billion ≈ $97.58 Million |
-0.41% |
| 2011-12-31 | ₩144.58 Billion ≈ $97.98 Million |
+2.96% |
| 2010-12-31 | ₩140.42 Billion ≈ $95.16 Million |
+2.30% |
| 2009-12-31 | ₩137.26 Billion ≈ $93.02 Million |
+6.06% |
| 2008-12-31 | ₩129.42 Billion ≈ $87.71 Million |
+7.27% |
| 2007-12-31 | ₩120.65 Billion ≈ $81.77 Million |
+4.78% |
| 2006-12-31 | ₩115.15 Billion ≈ $78.03 Million |
-1.74% |
| 2005-12-31 | ₩117.19 Billion ≈ $79.41 Million |
+2.40% |
| 2004-12-31 | ₩114.44 Billion ≈ $77.56 Million |
-12.72% |
| 2003-12-31 | ₩131.12 Billion ≈ $88.86 Million |
+1.62% |
| 2002-12-31 | ₩129.03 Billion ≈ $87.44 Million |
+723.67% |
| 2001-12-31 | ₩-20.69 Billion ≈ $-14.02 Million |
-204.95% |
| 2000-12-31 | ₩-6.78 Billion ≈ $-4.60 Million |
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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 22679478634000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩226.79 Billion | 80.67% |
| Other Components | ₩54.34 Billion | 19.33% |
| Total Equity | ₩281.14 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 |
|---|---|
|
WithTech Inc.
KQ:348350
|
$56.90 Million |
|
Buana Finance Tbk
JK:BBLD
|
$56.90 Million |
|
Asia Pacific Wire & Cable Corp Ltd
NASDAQ:APWC
|
$56.90 Million |
|
Bintang Samudera Mandiri Lines Tbk PT
JK:BSML
|
$56.92 Million |
|
Snow Lake Resources Ltd
NASDAQ:LITM
|
$56.85 Million |
|
Mangalam Global Enterprise Limited
NSE:MGEL
|
$56.85 Million |
|
OT Logistics S.A
WAR:OTS
|
$56.81 Million |
|
Gemfields Group Ltd
JSE:GML
|
$56.81 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 2024 to 2025, total equity changed from 273,075,226,520 to 281,138,231,940, a change of 8,063,005,420 (3.0%).
- Net income of 17,613,750,830 contributed positively to equity growth.
- Dividend payments of 3,801,369,600 reduced retained earnings.
- Share repurchases of 2,373,360 reduced equity.
- Other factors decreased equity by 5,747,002,450.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩17.61 Billion | +6.27% |
| Dividends Paid | ₩3.80 Billion | -1.35% |
| Share Repurchases | ₩2.37 Million | -0.0% |
| Other Changes | ₩-5.75 Billion | -2.04% |
| Total Change | ₩- | 2.95% |
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: 0.30x
- 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 decreased from 0.44x to 0.30x 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 | ₩1104.00 | x |
| 2018-12-31 | ₩2528.26 | ₩1104.00 | x |
| 2019-12-31 | ₩2685.35 | ₩1104.00 | x |
| 2020-12-31 | ₩2670.69 | ₩1104.00 | x |
| 2021-12-31 | ₩3052.48 | ₩1104.00 | x |
| 2022-12-31 | ₩3225.40 | ₩1104.00 | x |
| 2023-12-31 | ₩3245.15 | ₩1104.00 | x |
| 2024-12-31 | ₩3591.63 | ₩1104.00 | x |
| 2025-12-31 | ₩3697.68 | ₩1104.00 | 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): 6.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.85%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.83x
- Recent ROE (6.27%) is below the historical average (9.08%), 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 |
| 2025 | 6.27% | 7.85% | 0.44x | 1.83x | ₩-10.50 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: $481,077,033,068
- Average return on equity (ROE) among peers: 1.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Samick Music I (002450) | ₩297.14 Billion | 90.43% | 0.82x | $56.88 Million |
| YoungPoong (000670) | $2.91 Trillion | 4.40% | 0.34x | $419.84 Million |
| Sam Hwa Capaci (001820) | $174.82 Billion | 13.34% | 0.34x | $497.89 Million |
| Hansol Technics (004710) | $170.33 Billion | -14.81% | 1.48x | $148.83 Million |
| Sunny Elec (004770) | $18.51 Billion | 0.00% | 0.82x | $39.20 Million |
| Samyoung Elec (005680) | $375.93 Billion | 0.40% | 0.13x | $169.35 Million |
| PJ Electronics Co. Ltd (006140) | $115.62 Billion | 7.11% | 0.48x | $45.48 Million |
| Seondo Electric Co., Ltd. (007610) | $71.80 Billion | 1.99% | 0.19x | $43.01 Million |
| Isupetasys (007660) | $91.66 Billion | 0.00% | 1.44x | $3.71 Billion |
| Korea Circuit Co. Ltd. (007810) | $398.77 Billion | 0.99% | 0.32x | $754.94 Million |
About 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