SPECO Ltd
SPECO Ltd. manufactures and supplies asphalt plants for use in the road construction in South Korea and internationally. The company provides concrete batch plants; crushing plants; and wind power plants. It also engages in maritime business. SPECO Ltd. was founded in 1979 and is headquartered in Eumseong-eup, South Korea.
SPECO Ltd (013810) - Net Assets
Latest net assets as of September 2025: ₩44.57 Billion KRW
Based on the latest financial reports, SPECO Ltd (013810) has net assets worth ₩44.57 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩78.25 Billion) and total liabilities (₩33.68 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩44.57 Billion |
| % of Total Assets | 56.96% |
| Annual Growth Rate | -1.46% |
| 5-Year Change | 6.3% |
| 10-Year Change | -11.11% |
| Growth Volatility | 30.56 |
SPECO Ltd - Net Assets Trend (2001–2024)
This chart illustrates how SPECO Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SPECO Ltd (2001–2024)
The table below shows the annual net assets of SPECO Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩43.72 Billion | -7.57% |
| 2023-12-31 | ₩47.31 Billion | +2.35% |
| 2022-12-31 | ₩46.22 Billion | -6.04% |
| 2021-12-31 | ₩49.19 Billion | +19.60% |
| 2020-12-31 | ₩41.13 Billion | +7.38% |
| 2019-12-31 | ₩38.30 Billion | +39.87% |
| 2018-12-31 | ₩27.39 Billion | -31.44% |
| 2017-12-31 | ₩39.94 Billion | -3.61% |
| 2016-12-31 | ₩41.44 Billion | -15.75% |
| 2015-12-31 | ₩49.19 Billion | +15.85% |
| 2014-12-31 | ₩42.46 Billion | +40.12% |
| 2013-12-31 | ₩30.30 Billion | +28.69% |
| 2012-12-31 | ₩23.55 Billion | -12.76% |
| 2011-12-31 | ₩26.99 Billion | +11.98% |
| 2010-12-31 | ₩24.10 Billion | +10.06% |
| 2009-12-31 | ₩21.90 Billion | +16.48% |
| 2008-12-31 | ₩18.80 Billion | -80.28% |
| 2004-12-31 | ₩95.34 Billion | -15.87% |
| 2003-12-31 | ₩113.33 Billion | +5.16% |
| 2002-12-31 | ₩107.76 Billion | +75.62% |
| 2001-12-31 | ₩61.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SPECO Ltd'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 2374849923000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩23.75 Billion | 54.32% |
| Common Stock | ₩7.33 Billion | 16.76% |
| Other Components | ₩12.65 Billion | 28.93% |
| Total Equity | ₩43.72 Billion | 100.00% |
SPECO Ltd Competitors by Market Cap
The table below lists competitors of SPECO Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eminent Gold Corp
OTCQB:EMGDF
|
$15.58 Million |
|
Korea Bio-Gen Co.Ltd
KQ:318000
|
$15.58 Million |
|
Impresa SGPS S.A.
LSE:0M5U
|
$15.58 Million |
|
Awaysis Capital Inc
PINK:AWCA
|
$15.58 Million |
|
Kalaris Therapeutics, Inc.
NASDAQ:KLRS
|
$15.57 Million |
|
REDCO PRP GROUP LTD -05
F:8KI
|
$15.57 Million |
|
Shimmick Corporation Common Stock
NASDAQ:SHIM
|
$15.56 Million |
|
Chernan Metal Industrial
TWO:3631
|
$15.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SPECO Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 43,109,247,240 to 43,723,603,820, a change of 614,356,580 (1.4%).
- Net loss of 1,653,332,460 reduced equity.
- Other factors increased equity by 2,267,689,040.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-1.65 Billion | -3.78% |
| Other Changes | ₩2.27 Billion | +5.19% |
| Total Change | ₩- | 1.43% |
Book Value vs Market Value Analysis
This analysis compares SPECO Ltd'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: 0.93x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩2999.11 | ₩2765.00 | x |
| 2017-12-31 | ₩2725.76 | ₩2765.00 | x |
| 2018-12-31 | ₩1868.86 | ₩2765.00 | x |
| 2019-12-31 | ₩2613.94 | ₩2765.00 | x |
| 2020-12-31 | ₩2806.53 | ₩2765.00 | x |
| 2021-12-31 | ₩3356.54 | ₩2765.00 | x |
| 2022-12-31 | ₩3153.73 | ₩2765.00 | x |
| 2023-12-31 | ₩2941.51 | ₩2765.00 | x |
| 2024-12-31 | ₩2983.43 | ₩2765.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SPECO Ltd 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): -3.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.08%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.98x
- Recent ROE (-3.78%) is below the historical average (7.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.17% | 0.85% | 0.48x | 2.86x | ₩-3.90 Billion |
| 2002 | 35.25% | 3.33% | 0.71x | 14.91x | ₩5.60 Billion |
| 2003 | 26.88% | 3.77% | 0.70x | 10.13x | ₩5.12 Billion |
| 2008 | 7.20% | 2.49% | 0.93x | 3.10x | ₩-526.76 Million |
| 2009 | 3.47% | 1.61% | 0.70x | 3.08x | ₩-1.43 Billion |
| 2012 | 6.92% | 1.78% | 0.93x | 4.17x | ₩-627.73 Million |
| 2014 | 6.69% | 2.82% | 0.74x | 3.18x | ₩-1.34 Billion |
| 2015 | 15.15% | 7.36% | 0.75x | 2.75x | ₩2.53 Billion |
| 2016 | 10.27% | 5.05% | 0.80x | 2.56x | ₩110.21 Million |
| 2017 | -1.11% | -0.64% | 0.69x | 2.48x | ₩-4.44 Billion |
| 2018 | -20.85% | -10.40% | 0.67x | 2.98x | ₩-8.45 Billion |
| 2019 | 24.16% | 12.39% | 0.85x | 2.29x | ₩5.43 Billion |
| 2020 | 22.14% | 11.56% | 0.85x | 2.26x | ₩4.99 Billion |
| 2021 | 3.53% | 3.19% | 0.57x | 1.95x | ₩-3.18 Billion |
| 2022 | 1.63% | 2.43% | 0.36x | 1.86x | ₩-3.87 Billion |
| 2023 | -3.84% | -7.20% | 0.27x | 1.97x | ₩-5.97 Billion |
| 2024 | -3.78% | -6.08% | 0.31x | 1.98x | ₩-6.03 Billion |
Industry Comparison
This section compares SPECO Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $599,472,160,449
- Average return on equity (ROE) among peers: 3.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SPECO Ltd (013810) | ₩44.57 Billion | 1.17% | 0.76x | $15.58 Million |
| Chosun Refractories Co Ltd (000480) | $634.19 Billion | 2.14% | 0.53x | $26.36 Million |
| Tongyang Inc (001525) | $788.24 Billion | 2.31% | 0.40x | $144.72 Million |
| Asia Cement (002030) | $1.23 Trillion | 2.84% | 0.39x | $138.40 Million |
| Hanil Cement Co Ltd (003300) | $1.74 Trillion | 0.79% | 0.89x | $128.53 Million |
| Korea Petroleum Industries Co (004090) | $20.15 Billion | 6.85% | 1.54x | $80.96 Million |
| TWay Holdings (004870) | $245.78 Billion | -12.02% | 2.54x | $12.25 Million |
| Sungshin Cemen (004980) | $538.02 Billion | 12.40% | 1.44x | $67.16 Million |
| Sungshin Cement Co Ltd (004985) | $386.88 Billion | 4.31% | 1.74x | $93.23 Million |
| Hyundai Cement (006390) | $398.31 Billion | 7.29% | 1.16x | $23.31 Million |
| Mohenz.Co.Ltd (006920) | $15.60 Billion | 4.02% | 2.74x | $26.41 Million |