Simpac (009160) - Net Assets

Latest as of December 2025: ₩670.34 Billion KRW ≈ $454.28 Million USD

Based on the latest financial reports, Simpac (009160) has net assets worth ₩670.34 Billion KRW (≈ $454.28 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.33 Trillion ≈ $903.93 Million USD) and total liabilities (₩663.50 Billion ≈ $449.65 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 009160 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩670.34 Billion
% of Total Assets	50.26%
Annual Growth Rate	11.6%
5-Year Change	22.62%
10-Year Change	178.82%
Growth Volatility	19.37

Simpac - Net Assets Trend (2009–2025)

This chart illustrates how Simpac's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Simpac to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Simpac (2009–2025)

The table below shows the annual net assets of Simpac from 2009 to 2025. For live valuation and market cap data, see 009160 company net worth.

Year	Net Assets	Change
2025-12-31	₩670.34 Billion ≈ $454.28 Million	+3.14%
2024-12-31	₩649.92 Billion ≈ $440.44 Million	+11.56%
2023-12-31	₩582.58 Billion ≈ $394.81 Million	-2.85%
2022-12-31	₩599.68 Billion ≈ $406.40 Million	+9.70%
2021-12-31	₩546.66 Billion ≈ $370.47 Million	+17.82%
2020-12-31	₩463.99 Billion ≈ $314.44 Million	+5.17%
2019-12-31	₩441.20 Billion ≈ $298.99 Million	+1.42%
2018-12-31	₩435.03 Billion ≈ $294.82 Million	+80.64%
2017-12-31	₩240.83 Billion ≈ $163.20 Million	+0.17%
2016-12-31	₩240.42 Billion ≈ $162.93 Million	+3.62%
2015-12-31	₩232.01 Billion ≈ $157.23 Million	+29.37%
2014-12-31	₩179.33 Billion ≈ $121.53 Million	+0.83%
2013-12-31	₩177.87 Billion ≈ $120.54 Million	+3.88%
2012-12-31	₩171.23 Billion ≈ $116.04 Million	+6.65%
2011-12-31	₩160.55 Billion ≈ $108.80 Million	+15.80%
2010-12-31	₩138.64 Billion ≈ $93.96 Million	+19.74%
2009-12-31	₩115.79 Billion ≈ $78.47 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Simpac'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 674.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩413.33 Billion	61.66%
Other Components	₩257.01 Billion	38.34%
Total Equity	₩670.34 Billion	100.00%

Simpac Competitors by Market Cap

The table below lists competitors of Simpac ranked by their market capitalization.

Company	Market Cap
Formosa Electronic Industries TWO:8171	$75.86 Million
Renergen Ltd. JSE:REN	$75.87 Million
MMP Industries Limited NSE:MMP	$75.91 Million
Empress Royalty Corp V:EMPR	$75.92 Million
WeConnect PA:ALWEC	$75.85 Million
Tradetool Auto Co Ltd TWO:3685	$75.84 Million
Investec plc LSE:INVR	$75.83 Million
American Vanguard Corporation NYSE:AVD	$75.81 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Simpac's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 415,461,491,990 to 670,337,385,920, a change of 254,875,893,930 (61.3%).
Net income of 20,584,933,380 contributed positively to equity growth.
Dividend payments of 7,999,744,990 reduced retained earnings.
Share repurchases of 4,202,231,630 reduced equity.
Other factors increased equity by 246,492,937,170.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩20.58 Billion	+3.07%
Dividends Paid	₩8.00 Billion	-1.19%
Share Repurchases	₩4.20 Billion	-0.63%
Other Changes	₩246.49 Billion	+36.77%
Total Change	₩-	61.35%

Book Value vs Market Value Analysis

This analysis compares Simpac'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: 0.17x
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 0.45x to 0.17x 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	₩9684.25	₩4405.00	x
2018-12-31	₩7185.49	₩4405.00	x
2019-12-31	₩7287.28	₩4405.00	x
2020-12-31	₩8071.25	₩4405.00	x
2021-12-31	₩9786.18	₩4405.00	x
2022-12-31	₩23204.71	₩4405.00	x
2023-12-31	₩10734.91	₩4405.00	x
2024-12-31	₩16076.28	₩4405.00	x
2025-12-31	₩26377.57	₩4405.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Simpac 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): 3.07%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.75%
• Asset Turnover: 0.88x
• Equity Multiplier: 1.99x
Recent ROE (3.07%) is below the historical average (7.59%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	7.76%	7.54%	0.73x	1.41x	₩-2.59 Billion
2010	17.94%	12.65%	1.04x	1.37x	₩11.01 Billion
2011	11.35%	11.37%	0.58x	1.73x	₩2.16 Billion
2012	7.43%	6.70%	0.69x	1.62x	₩-4.40 Billion
2013	4.27%	4.38%	0.59x	1.64x	₩-10.20 Billion
2014	2.32%	2.51%	0.61x	1.51x	₩-13.77 Billion
2015	7.08%	6.10%	0.64x	1.82x	₩-6.76 Billion
2016	6.73%	6.06%	0.64x	1.74x	₩-7.86 Billion
2017	5.35%	5.59%	0.61x	1.58x	₩-11.19 Billion
2018	15.91%	22.60%	0.45x	1.57x	₩25.70 Billion
2019	2.15%	2.21%	0.63x	1.54x	₩-34.63 Billion
2020	7.36%	9.33%	0.50x	1.59x	₩-12.26 Billion
2021	16.62%	14.82%	0.68x	1.65x	₩36.17 Billion
2022	12.70%	11.33%	0.70x	1.61x	₩16.17 Billion
2023	-1.11%	-1.06%	0.58x	1.82x	₩-64.72 Billion
2024	2.04%	1.04%	0.66x	2.99x	₩-33.09 Billion
2025	3.07%	1.75%	0.88x	1.99x	₩-46.45 Billion

Industry Comparison

This section compares Simpac's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $123,835,672,139
Average return on equity (ROE) among peers: 3.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Simpac (009160)	₩670.34 Billion	7.76%	0.99x	$75.86 Million
Hwacheon Mac (000850)	$209.21 Billion	12.92%	0.49x	$48.83 Million
Daidong Elec (008110)	$164.00 Billion	2.00%	0.25x	$71.25 Million
Booster Co. Ltd (008470)	$60.30 Billion	8.31%	0.26x	$17.64 Million
Kyung Dong Navien Co Ltd (009450)	$141.56 Billion	2.62%	0.44x	$687.58 Million
Korea Refract (010040)	$108.02 Billion	5.31%	0.90x	$38.86 Million
Woojin I&S Co Ltd (010400)	$109.12 Billion	13.24%	0.12x	$17.24 Million
Hwacheon Machi (010660)	$137.56 Billion	0.56%	0.22x	$44.43 Million
Han Shin Mach (011700)	$82.34 Billion	4.20%	0.16x	$65.43 Million
STX Corporation (011810)	$102.41 Billion	-13.24%	6.24x	$74.11 Million

About Simpac

KO:009160 Korea Specialty Industrial Machinery

Market Cap

$75.86 Million

₩111.94 Billion KRW

Market Cap Rank

#20368 Global

#1095 in Korea

Share Price

₩4405.00

Change (1 day)

-3.40%

52-Week Range

₩4215.00 - ₩6680.00

All Time High

₩8742.23