JINSUNG T.E.C. Inc
JINSUNG T.E.C., Inc. engages in the production and sale of heavy construction equipment under carriage parts in South Korea and internationally. It offers track rollers, carrier rollers, sprockets, and idlers, as well as tension spring assemblies and track links. The company was founded in 1982 and is headquartered in Pyeongtaek-Si, South Korea.
JINSUNG T.E.C. Inc (036890) - Net Assets
Latest net assets as of September 2025: ₩283.09 Billion KRW
Based on the latest financial reports, JINSUNG T.E.C. Inc (036890) has net assets worth ₩283.09 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 (₩501.33 Billion) and total liabilities (₩218.24 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 | ₩283.09 Billion |
| % of Total Assets | 56.47% |
| Annual Growth Rate | 18.91% |
| 5-Year Change | 75.3% |
| 10-Year Change | 202.56% |
| Growth Volatility | 32.66 |
JINSUNG T.E.C. Inc - Net Assets Trend (2008–2024)
This chart illustrates how JINSUNG T.E.C. Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for JINSUNG T.E.C. Inc (2008–2024)
The table below shows the annual net assets of JINSUNG T.E.C. Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩262.29 Billion | +12.99% |
| 2023-12-31 | ₩232.14 Billion | +10.81% |
| 2022-12-31 | ₩209.49 Billion | +24.31% |
| 2021-12-31 | ₩168.51 Billion | +12.62% |
| 2020-12-31 | ₩149.63 Billion | +7.13% |
| 2019-12-31 | ₩139.67 Billion | +15.81% |
| 2018-12-31 | ₩120.61 Billion | +17.11% |
| 2017-12-31 | ₩102.99 Billion | +3.56% |
| 2016-12-31 | ₩99.44 Billion | +14.71% |
| 2015-12-31 | ₩86.69 Billion | +21.17% |
| 2014-12-31 | ₩71.54 Billion | +16.67% |
| 2013-12-31 | ₩61.32 Billion | -5.69% |
| 2012-12-31 | ₩65.02 Billion | +24.68% |
| 2011-12-31 | ₩52.15 Billion | +76.51% |
| 2010-12-31 | ₩29.54 Billion | +124.78% |
| 2009-12-31 | ₩13.14 Billion | -19.89% |
| 2008-12-31 | ₩16.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to JINSUNG T.E.C. Inc'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 21501572762000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩215.02 Billion | 81.98% |
| Common Stock | ₩11.24 Billion | 4.29% |
| Other Components | ₩36.04 Billion | 13.74% |
| Total Equity | ₩262.29 Billion | 100.00% |
JINSUNG T.E.C. Inc Competitors by Market Cap
The table below lists competitors of JINSUNG T.E.C. Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
F-Secure Oyj
PINK:FSOYF
|
$132.01 Million |
|
Osisko Metals Incorporated
OTCQX:OMZNF
|
$132.03 Million |
|
GomSpace Group AB
ST:GOMX
|
$132.05 Million |
|
Incap Oyj
HE:ICP1V
|
$132.05 Million |
|
Carnarvon Petroleum Limited
PINK:CVONF
|
$131.99 Million |
|
TFE Co. Ltd.
KQ:425420
|
$131.94 Million |
|
Pine Cliff Energy Ltd
PINK:PIFYF
|
$131.90 Million |
|
Open Lending Corp
NASDAQ:LPRO
|
$131.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JINSUNG T.E.C. Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 232,139,871,280 to 262,294,113,240, a change of 30,154,241,960 (13.0%).
- Net income of 20,961,100,030 contributed positively to equity growth.
- Dividend payments of 3,997,098,400 reduced retained earnings.
- Other factors increased equity by 13,190,240,330.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩20.96 Billion | +7.99% |
| Dividends Paid | ₩4.00 Billion | -1.52% |
| Other Changes | ₩13.19 Billion | +5.03% |
| Total Change | ₩- | 12.99% |
Book Value vs Market Value Analysis
This analysis compares JINSUNG T.E.C. Inc'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: 1.25x
- 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 3.30x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩4981.14 | ₩16420.00 | x |
| 2017-12-31 | ₩5158.70 | ₩16420.00 | x |
| 2018-12-31 | ₩6041.14 | ₩16420.00 | x |
| 2019-12-31 | ₩6996.13 | ₩16420.00 | x |
| 2020-12-31 | ₩7494.82 | ₩16420.00 | x |
| 2021-12-31 | ₩8440.72 | ₩16420.00 | x |
| 2022-12-31 | ₩10493.00 | ₩16420.00 | x |
| 2023-12-31 | ₩11615.42 | ₩16420.00 | x |
| 2024-12-31 | ₩13124.23 | ₩16420.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JINSUNG T.E.C. Inc 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): 7.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.37%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.74x
- Recent ROE (7.99%) is below the historical average (15.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 44.42% | 7.76% | 0.59x | 9.64x | ₩10.17 Billion |
| 2011 | 30.20% | 7.82% | 0.64x | 6.03x | ₩10.54 Billion |
| 2012 | 6.67% | 2.43% | 0.80x | 3.42x | ₩-2.17 Billion |
| 2013 | 3.43% | 1.25% | 1.03x | 2.65x | ₩-4.03 Billion |
| 2014 | 13.52% | 5.19% | 1.11x | 2.35x | ₩2.52 Billion |
| 2015 | 14.79% | 7.23% | 1.05x | 1.96x | ₩4.15 Billion |
| 2016 | 9.97% | 5.58% | 1.05x | 1.70x | ₩-25.96 Million |
| 2017 | 9.73% | 4.10% | 1.27x | 1.87x | ₩-280.53 Million |
| 2018 | 17.98% | 6.12% | 1.42x | 2.07x | ₩9.63 Billion |
| 2019 | 15.76% | 6.19% | 1.29x | 1.97x | ₩8.04 Billion |
| 2020 | 10.13% | 4.87% | 1.11x | 1.87x | ₩189.09 Million |
| 2021 | 10.14% | 3.90% | 1.22x | 2.14x | ₩229.91 Million |
| 2022 | 21.69% | 8.40% | 1.34x | 1.92x | ₩24.48 Billion |
| 2023 | 12.24% | 5.86% | 1.20x | 1.74x | ₩5.19 Billion |
| 2024 | 7.99% | 5.37% | 0.86x | 1.74x | ₩-5.27 Billion |
Industry Comparison
This section compares JINSUNG T.E.C. Inc's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $829,073,043,503
- Average return on equity (ROE) among peers: 7.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JINSUNG T.E.C. Inc (036890) | ₩283.09 Billion | 44.42% | 0.77x | $132.00 Million |
| Daedong Ind (000490) | $157.50 Billion | 1.84% | 0.77x | $103.59 Million |
| TYM Corporation (002900) | $382.67 Billion | 15.79% | 1.22x | $99.28 Million |
| Soosan Heavy I (017550) | $138.55 Billion | 11.37% | 0.89x | $38.00 Million |
| Hyundai Everdigm Corp (041440) | $165.34 Billion | -11.10% | 0.50x | $52.56 Million |
| Hyundai Doosan Infracore Co Ltd (042670) | $600.26 Billion | 11.98% | 3.51x | $1.15 Billion |
| DY Power Corp (210540) | $100.50 Billion | 9.56% | 1.27x | $63.00 Million |
| Doosan Bobcat Inc (241560) | $4.32 Trillion | 8.93% | 0.99x | $1.99 Billion |
| Hyundai Construction Equipment Co Ltd (267270) | $1.55 Trillion | 7.33% | 1.30x | $956.08 Million |
| DAEMO Engineering Co. Ltd (317850) | $47.77 Billion | 9.65% | 0.67x | $27.00 Million |