Kec Holdings (006200) - Net Assets
Based on the latest financial reports, Kec Holdings (006200) has net assets worth ₩386.91 Billion KRW (≈ $262.20 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩518.17 Billion ≈ $351.16 Million USD) and total liabilities (₩131.27 Billion ≈ $88.96 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. Check 006200 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩386.91 Billion |
| % of Total Assets | 74.67% |
| Annual Growth Rate | 3.4% |
| 5-Year Change | 90.16% |
| 10-Year Change | 229.99% |
| Growth Volatility | 30.91 |
Kec Holdings - Net Assets Trend (1999–2024)
This chart illustrates how Kec Holdings's net assets have evolved over time, based on quarterly financial data. See 006200 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kec Holdings (1999–2024)
The table below shows the annual net assets of Kec Holdings from 1999 to 2024. For live valuation and market cap data, see Kec Holdings stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩394.57 Billion ≈ $267.39 Million |
+2.19% |
| 2023-12-31 | ₩386.12 Billion ≈ $261.67 Million |
+11.81% |
| 2022-12-31 | ₩345.33 Billion ≈ $234.03 Million |
+11.43% |
| 2021-12-31 | ₩309.90 Billion ≈ $210.01 Million |
+49.35% |
| 2020-12-31 | ₩207.50 Billion ≈ $140.62 Million |
-14.36% |
| 2019-12-31 | ₩242.29 Billion ≈ $164.19 Million |
-8.27% |
| 2018-12-31 | ₩264.13 Billion ≈ $178.99 Million |
+0.60% |
| 2017-12-31 | ₩262.54 Billion ≈ $177.92 Million |
+123.73% |
| 2016-12-31 | ₩117.35 Billion ≈ $79.52 Million |
-1.86% |
| 2015-12-31 | ₩119.57 Billion ≈ $81.03 Million |
-0.88% |
| 2014-12-31 | ₩120.64 Billion ≈ $81.75 Million |
-0.76% |
| 2013-12-31 | ₩121.56 Billion ≈ $82.38 Million |
-7.75% |
| 2012-12-31 | ₩131.77 Billion ≈ $89.30 Million |
-19.07% |
| 2011-12-31 | ₩162.82 Billion ≈ $110.34 Million |
-34.78% |
| 2010-12-31 | ₩249.64 Billion ≈ $169.18 Million |
-11.89% |
| 2009-12-31 | ₩283.32 Billion ≈ $192.00 Million |
+16.29% |
| 2008-12-31 | ₩243.64 Billion ≈ $165.11 Million |
-1.75% |
| 2007-12-31 | ₩247.98 Billion ≈ $168.05 Million |
+5.45% |
| 2006-12-31 | ₩235.15 Billion ≈ $159.36 Million |
-14.11% |
| 2005-12-31 | ₩273.77 Billion ≈ $185.53 Million |
-19.40% |
| 2004-12-31 | ₩339.68 Billion ≈ $230.19 Million |
-2.01% |
| 2003-12-31 | ₩346.66 Billion ≈ $234.92 Million |
+4.78% |
| 2002-12-31 | ₩330.83 Billion ≈ $224.20 Million |
+14.95% |
| 2001-12-31 | ₩287.80 Billion ≈ $195.04 Million |
+3.88% |
| 2000-12-31 | ₩277.04 Billion ≈ $187.75 Million |
+61.83% |
| 1999-12-31 | ₩171.19 Billion ≈ $116.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kec Holdings'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 decreased by 25.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩40.23 Billion | 27.43% |
| Other Components | ₩106.44 Billion | 72.57% |
| Total Equity | ₩146.68 Billion | 100.00% |
Kec Holdings Competitors by Market Cap
The table below lists competitors of Kec Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maytronics
TA:MTRN
|
$68.99 Million |
|
Sheh Fung Screws Co Ltd
TWO:2065
|
$69.04 Million |
|
Malee Group Public Company Limited
BK:MALEE
|
$69.06 Million |
|
Kilitch Drugs (India) Limited
NSE:KILITCH
|
$69.07 Million |
|
Shandong Zhonglu Oceanic Fisheries Co Ltd
SHE:200992
|
$68.95 Million |
|
Danang Rubber JSC
VN:DRC
|
$68.94 Million |
|
Microtips Technology
TWO:3285
|
$68.94 Million |
|
NN Inc
NASDAQ:NNBR
|
$68.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kec Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 133,829,590,730 to 146,677,254,230, a change of 12,847,663,500 (9.6%).
- Net income of 4,913,248,900 contributed positively to equity growth.
- Dividend payments of 3,704,194,340 reduced retained earnings.
- Other factors increased equity by 11,638,608,940.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩4.91 Billion | +3.35% |
| Dividends Paid | ₩3.70 Billion | -2.53% |
| Other Changes | ₩11.64 Billion | +7.93% |
| Total Change | ₩- | 9.60% |
Book Value vs Market Value Analysis
This analysis compares Kec Holdings'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: 0.69x
- 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 0.85x to 0.69x 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 | ₩2723.17 | ₩2320.00 | x |
| 2018-12-31 | ₩2695.08 | ₩2320.00 | x |
| 2019-12-31 | ₩2443.23 | ₩2320.00 | x |
| 2020-12-31 | ₩2315.16 | ₩2320.00 | x |
| 2021-12-31 | ₩2900.49 | ₩2320.00 | x |
| 2022-12-31 | ₩3241.83 | ₩2320.00 | x |
| 2023-12-31 | ₩3051.58 | ₩2320.00 | x |
| 2024-12-31 | ₩3344.53 | ₩2320.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kec Holdings 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: 1.67%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 3.53x
- Recent ROE (3.35%) is above the historical average (3.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 17.14% | 5.26% | 1.30x | 2.50x | ₩12.22 Billion |
| 2000 | 14.49% | 6.81% | 1.03x | 2.06x | ₩12.41 Billion |
| 2001 | 11.32% | 6.28% | 0.96x | 1.88x | ₩3.80 Billion |
| 2002 | 14.47% | 9.36% | 0.90x | 1.72x | ₩14.76 Billion |
| 2003 | 6.69% | 7.26% | 0.56x | 1.65x | ₩-11.47 Billion |
| 2004 | 3.31% | 3.00% | 0.67x | 1.66x | ₩-22.73 Billion |
| 2007 | 0.35% | 0.13% | 0.71x | 3.87x | ₩-13.58 Billion |
| 2008 | 0.75% | 0.24% | 0.76x | 4.07x | ₩-12.51 Billion |
| 2009 | 9.38% | 3.74% | 0.74x | 3.40x | ₩-957.04 Million |
| 2010 | 1.67% | 0.57% | 0.85x | 3.49x | ₩-12.68 Billion |
| 2013 | -6.67% | -3.41% | 1.01x | 1.93x | ₩-20.29 Billion |
| 2014 | 0.95% | 0.60% | 0.96x | 1.64x | ₩-10.93 Billion |
| 2015 | -6.90% | -6.25% | 0.61x | 1.81x | ₩-20.25 Billion |
| 2016 | -10.92% | -9.22% | 0.78x | 1.52x | ₩-24.63 Billion |
| 2017 | 3.70% | 1.72% | 0.64x | 3.39x | ₩-7.53 Billion |
| 2018 | -0.20% | -0.10% | 0.60x | 3.31x | ₩-12.05 Billion |
| 2019 | -11.63% | -5.74% | 0.56x | 3.64x | ₩-23.18 Billion |
| 2020 | -5.51% | -2.53% | 0.54x | 4.06x | ₩-15.75 Billion |
| 2021 | 18.29% | 7.03% | 0.71x | 3.64x | ₩10.55 Billion |
| 2022 | 11.38% | 4.99% | 0.69x | 3.30x | ₩1.96 Billion |
| 2023 | -2.17% | -1.09% | 0.53x | 3.76x | ₩-16.28 Billion |
| 2024 | 3.35% | 1.67% | 0.57x | 3.53x | ₩-9.75 Billion |
Industry Comparison
This section compares Kec Holdings's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $1,708,267,599,453
- Average return on equity (ROE) among peers: 9.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kec Holdings (006200) | ₩386.91 Billion | 17.14% | 0.34x | $68.95 Million |
| SK Hynix Inc (000660) | $13.07 Trillion | 21.98% | 0.59x | $467.91 Billion |
| DB HiTek Co Ltd (000990) | $295.29 Billion | 4.65% | 1.78x | $4.12 Billion |
| Charm Engine (009310) | $103.16 Billion | 14.91% | 1.03x | $15.73 Million |
| Auk Corp (017900) | $203.21 Billion | -2.56% | 0.18x | $338.92 Million |
| SFA Semicon Co. Ltd (036540) | $455.60 Billion | 9.42% | 0.48x | $800.04 Million |
| Simmtech Holdings Co. Ltd (036710) | $171.88 Billion | 0.00% | 2.30x | $167.19 Million |
| Fine Semitech Corp (036810) | $244.17 Billion | 18.05% | 0.62x | $432.57 Million |
| Seoul Semiconductor Co. Ltd (046890) | $661.13 Billion | 5.22% | 1.00x | $488.31 Million |
| Kona I Co.Ltd (052400) | $173.10 Billion | 16.85% | 1.67x | $453.81 Million |
About Kec Holdings
KEC Holdings Co., Ltd., through its subsidiaries, produces and sells semiconductors in South Korea and internationally. The company engages in provision of management advisory and other consulting, and technology R&D and technical information services. It is also involved in development and leasing of real estate properties; import and export, and related agency business; E-commerce and internet-… Read more