Simpac (009160) - Net Assets

Latest as of September 2025: ₩607.18 Billion KRW ≈ $411.48 Million USD

Based on the latest financial reports, Simpac (009160) has net assets worth ₩607.18 Billion KRW (≈ $411.48 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 (₩1.17 Trillion ≈ $790.79 Million USD) and total liabilities (₩559.71 Billion ≈ $379.31 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 Simpac liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩607.18 Billion
% of Total Assets	52.03%
Annual Growth Rate	11.66%
5-Year Change	30.45%
10-Year Change	160.88%
Growth Volatility	19.97

Simpac - Net Assets Trend (2009–2024)

This chart illustrates how Simpac's net assets have evolved over time, based on quarterly financial data. Also explore Simpac asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Simpac (2009–2024)

The table below shows the annual net assets of Simpac from 2009 to 2024. For live valuation and market cap data, see 009160 company net worth.

Year	Net Assets	Change
2024-12-31	₩605.26 Billion ≈ $410.17 Million	+3.89%
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 775.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩467.47 Billion	77.24%
Other Components	₩137.79 Billion	22.76%
Total Equity	₩605.26 Billion	100.00%

Simpac Competitors by Market Cap

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

Company	Market Cap
Ching Feng Home Fashions Co Ltd TW:9935	$101.10 Million
Ovid Therapeutics Inc NASDAQ:OVID	$101.12 Million
Fima Corporation Bhd KLSE:3107	$101.13 Million
Tai Tung Communication Co Ltd TW:8011	$101.15 Million
Hispanotels Inversiones SOCIMI SA MC:YHSP	$101.07 Million
FCW Holdings Bhd KLSE:2755	$101.05 Million
Kokuyo Camlin Limited NSE:KOKUYOCMLN	$100.99 Million
Clearwise AG DU:ABO	$100.98 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 2023 to 2024, total equity changed from 582,578,411,760 to 605,256,122,070, a change of 22,677,710,310 (3.9%).
Net income of 27,454,725,800 contributed positively to equity growth.
Dividend payments of 5,444,122,920 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩27.45 Billion	+4.54%
Dividends Paid	₩5.44 Billion	-0.9%
Other Changes	₩667.11 Million	+0.11%
Total Change	₩-	3.89%

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: 0.25x
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 0.61x to 0.25x 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	₩5870.00	x
2018-12-31	₩7185.49	₩5870.00	x
2019-12-31	₩7287.28	₩5870.00	x
2020-12-31	₩8071.25	₩5870.00	x
2021-12-31	₩9786.18	₩5870.00	x
2022-12-31	₩23204.71	₩5870.00	x
2023-12-31	₩10734.91	₩5870.00	x
2024-12-31	₩23420.38	₩5870.00	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): 4.54%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.50%
• Asset Turnover: 0.73x
• Equity Multiplier: 1.78x
Recent ROE (4.54%) is below the historical average (8.02%), 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	4.54%	3.50%	0.73x	1.78x	₩-33.07 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: $152,275,661,251
Average return on equity (ROE) among peers: 91.59%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Simpac (009160)	₩607.18 Billion	7.76%	0.92x	$101.09 Million
Hwacheon Mac (000850)	$131.77 Billion	7.91%	0.65x	$57.77 Million
Daidong Elec (008110)	$88.61 Billion	9.10%	0.47x	$71.25 Million
Booster Co. Ltd (008470)	$65.94 Billion	9.50%	0.26x	$21.20 Million
Kyung Dong Navien Co Ltd (009450)	$695.42 Billion	17.88%	0.95x	$761.04 Million
Korea Refract (010040)	$25.31 Billion	-5.89%	3.13x	$48.01 Million
Woojin I&S Co Ltd (010400)	$106.95 Billion	1.99%	0.25x	$18.75 Million
Hwacheon Machi (010660)	$124.32 Billion	-0.54%	0.30x	$75.74 Million
Han Shin Mach (011700)	$89.60 Billion	-1.35%	0.41x	$101.16 Million
STX Corporation (011810)	$42.56 Billion	785.68%	13.74x	$74.11 Million

About Simpac

KO:009160 Korea Specialty Industrial Machinery

Market Cap

$101.09 Million

₩149.18 Billion KRW

Market Cap Rank

#19145 Global

#1025 in Korea

Share Price

₩5870.00

Change (1 day)

-4.08%

52-Week Range

₩4020.00 - ₩6120.00

All Time High

₩8742.23