Mirae Corporation (025560) - Net Assets
Based on the latest financial reports, Mirae Corporation (025560) has net assets worth ₩122.60 Billion KRW (≈ $83.09 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 (₩152.35 Billion ≈ $103.25 Million USD) and total liabilities (₩29.75 Billion ≈ $20.16 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 Mirae Corporation tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩122.60 Billion |
| % of Total Assets | 80.47% |
| Annual Growth Rate | -2.93% |
| 5-Year Change | 44.85% |
| 10-Year Change | 67.73% |
| Growth Volatility | 28.11 |
Mirae Corporation - Net Assets Trend (2001–2025)
This chart illustrates how Mirae Corporation's net assets have evolved over time, based on quarterly financial data. See Mirae Corporation (025560) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mirae Corporation (2001–2025)
The table below shows the annual net assets of Mirae Corporation from 2001 to 2025. For live valuation and market cap data, see 025560 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩122.60 Billion ≈ $83.09 Million |
+15.65% |
| 2024-12-31 | ₩106.01 Billion ≈ $71.84 Million |
+41.52% |
| 2023-12-31 | ₩74.91 Billion ≈ $50.76 Million |
-19.77% |
| 2022-12-31 | ₩93.37 Billion ≈ $63.27 Million |
+10.31% |
| 2021-12-31 | ₩84.64 Billion ≈ $57.36 Million |
+32.10% |
| 2020-12-31 | ₩64.08 Billion ≈ $43.42 Million |
-1.63% |
| 2019-12-31 | ₩65.14 Billion ≈ $44.14 Million |
+36.84% |
| 2018-12-31 | ₩47.60 Billion ≈ $32.26 Million |
-21.47% |
| 2017-12-31 | ₩60.62 Billion ≈ $41.08 Million |
-17.07% |
| 2016-12-31 | ₩73.10 Billion ≈ $49.54 Million |
+51.48% |
| 2015-12-31 | ₩48.25 Billion ≈ $32.70 Million |
+27.40% |
| 2014-12-31 | ₩37.87 Billion ≈ $25.67 Million |
+23.94% |
| 2013-12-31 | ₩30.56 Billion ≈ $20.71 Million |
-19.63% |
| 2012-12-31 | ₩38.02 Billion ≈ $25.77 Million |
-25.05% |
| 2011-12-31 | ₩50.73 Billion ≈ $34.38 Million |
-41.30% |
| 2006-12-31 | ₩86.42 Billion ≈ $58.56 Million |
-29.81% |
| 2005-12-31 | ₩123.12 Billion ≈ $83.44 Million |
-30.28% |
| 2003-12-31 | ₩176.59 Billion ≈ $119.67 Million |
+1.11% |
| 2002-12-31 | ₩174.66 Billion ≈ $118.36 Million |
-30.15% |
| 2001-12-31 | ₩250.03 Billion ≈ $169.44 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Mirae Corporation'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 6234372159000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩184.95 Billion | 150.85% |
| Total Equity | ₩122.60 Billion | 100.00% |
Mirae Corporation Competitors by Market Cap
The table below lists competitors of Mirae Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nordic Halibut AS
OL:NOHAL
|
$130.46 Million |
|
Geumhwa Plant Service & Construction Co. Ltd
KQ:036190
|
$130.47 Million |
|
UPDATER SERVICES LIMITED
NSE:UDS
|
$130.51 Million |
|
Bhagyanagar India Limited
NSE:BHAGYANGR
|
$130.60 Million |
|
Pantech Group Holdings Bhd
KLSE:5125
|
$130.43 Million |
|
Magnachip Semiconductor Corporation
F:SMG
|
$130.39 Million |
|
Kross Ltd
NSE:KROSS
|
$130.38 Million |
|
Brand Engagement Network Inc
NASDAQ:BNAI
|
$130.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirae Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 106,010,231,720 to 122,603,583,770, a change of 16,593,352,050 (15.7%).
- Net income of 10,112,143,830 contributed positively to equity growth.
- Share repurchases of 177,431,610 reduced equity.
- New share issuances of 964,816,860 increased equity.
- Other factors increased equity by 5,693,822,970.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩10.11 Billion | +8.25% |
| Share Repurchases | ₩177.43 Million | -0.14% |
| Share Issuances | ₩964.82 Million | +0.79% |
| Other Changes | ₩5.69 Billion | +4.64% |
| Total Change | ₩- | 15.65% |
Book Value vs Market Value Analysis
This analysis compares Mirae Corporation'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: 1.57x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.91x to 1.57x 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 | ₩22589.44 | ₩43100.00 | x |
| 2018-12-31 | ₩17626.66 | ₩43100.00 | x |
| 2019-12-31 | ₩19330.01 | ₩43100.00 | x |
| 2020-12-31 | ₩17202.52 | ₩43100.00 | x |
| 2021-12-31 | ₩19045.62 | ₩43100.00 | x |
| 2022-12-31 | ₩42462.10 | ₩43100.00 | x |
| 2023-12-31 | ₩2463.35 | ₩43100.00 | x |
| 2024-12-31 | ₩29139.74 | ₩43100.00 | x |
| 2025-12-31 | ₩27450.33 | ₩43100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirae Corporation 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): 8.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.91%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.24x
- Recent ROE (8.25%) is above the historical average (-9.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 1.61% | 2.66% | 0.41x | 1.48x | ₩-13.14 Billion |
| 2005 | 2.09% | 2.41% | 0.47x | 1.84x | ₩-9.72 Billion |
| 2013 | -24.12% | -21.19% | 0.46x | 2.49x | ₩-10.43 Billion |
| 2014 | -34.37% | -54.00% | 0.37x | 1.71x | ₩-16.81 Billion |
| 2015 | 4.41% | 8.31% | 0.36x | 1.46x | ₩-2.69 Billion |
| 2016 | -12.99% | -40.74% | 0.28x | 1.16x | ₩-16.81 Billion |
| 2017 | -22.53% | -39.61% | 0.41x | 1.39x | ₩-19.72 Billion |
| 2018 | -27.94% | -38.56% | 0.50x | 1.44x | ₩-18.06 Billion |
| 2019 | -11.23% | -26.41% | 0.38x | 1.13x | ₩-13.83 Billion |
| 2020 | -10.49% | -16.17% | 0.43x | 1.49x | ₩-13.13 Billion |
| 2021 | 8.85% | 15.50% | 0.41x | 1.39x | ₩-973.95 Million |
| 2022 | 8.59% | 14.28% | 0.42x | 1.44x | ₩-1.31 Billion |
| 2023 | -42.05% | -144.91% | 0.21x | 1.36x | ₩-38.99 Billion |
| 2024 | 6.23% | 24.42% | 0.21x | 1.24x | ₩-4.00 Billion |
| 2025 | 8.25% | 19.91% | 0.33x | 1.24x | ₩-2.15 Billion |
Industry Comparison
This section compares Mirae Corporation's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $288,480,636,924
- Average return on equity (ROE) among peers: 4.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirae Corporation (025560) | ₩122.60 Billion | 1.61% | 0.24x | $130.46 Million |
| D I Corp (003160) | $117.06 Billion | 2.57% | 0.53x | $512.19 Million |
| Samick Thk (004380) | $79.42 Billion | 14.27% | 1.15x | $139.72 Million |
| PSMC CO. Ltd (024850) | $68.55 Billion | 0.00% | 0.61x | $1.35 Billion |
| KC Co. Ltd (029460) | $658.99 Billion | 7.27% | 0.33x | $254.27 Million |
| MK Electron Co. Ltd (033160) | $977.12 Billion | -3.61% | 1.36x | $424.98 Million |
| Signetics Corporation (033170) | $147.33 Billion | -4.23% | 0.36x | $31.95 Million |
| Nepes Corporation (033640) | $131.22 Billion | 5.04% | 1.35x | $567.26 Million |
| EO Technics Co. Ltd (039030) | $389.21 Billion | 3.11% | 0.15x | $4.24 Billion |
| STI Co. Ltd (039440) | $27.44 Billion | 14.54% | 0.79x | $303.11 Million |
About Mirae Corporation
Mirae Corporation manufactures and sells semiconductor equipment in South Korea, Asia, and Europe. It offers ATE Test Handlers, such as memory, application, logic, and module test handlers, as well as burn-in sorters, auto scrap, and chillers. The company also provides SMT Mounters, including feeders and software's; linear motors, comprising U-coreless type, T-core type, and platen-core type; and… Read more