Snet systems Inc (038680) - Net Assets
Based on the latest financial reports, Snet systems Inc (038680) has net assets worth ₩105.75 Billion KRW (≈ $71.66 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 (₩269.59 Billion ≈ $182.69 Million USD) and total liabilities (₩163.84 Billion ≈ $111.03 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 how resilient are Snet systems Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩105.75 Billion |
| % of Total Assets | 39.23% |
| Annual Growth Rate | 2.32% |
| 5-Year Change | 51.6% |
| 10-Year Change | 63.28% |
| Growth Volatility | 14.52 |
Snet systems Inc - Net Assets Trend (2001–2024)
This chart illustrates how Snet systems Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Snet systems Inc for the complete picture of this company's asset base.
Annual Net Assets for Snet systems Inc (2001–2024)
The table below shows the annual net assets of Snet systems Inc from 2001 to 2024. For live valuation and market cap data, see Snet systems Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩111.32 Billion ≈ $75.44 Million |
+3.23% |
| 2023-12-31 | ₩107.84 Billion ≈ $73.08 Million |
+63.22% |
| 2022-12-31 | ₩66.07 Billion ≈ $44.78 Million |
+6.41% |
| 2021-12-31 | ₩62.09 Billion ≈ $42.08 Million |
-15.44% |
| 2020-12-31 | ₩73.43 Billion ≈ $49.76 Million |
+2.10% |
| 2019-12-31 | ₩71.92 Billion ≈ $48.74 Million |
+4.00% |
| 2018-12-31 | ₩69.16 Billion ≈ $46.87 Million |
+4.39% |
| 2017-12-31 | ₩66.25 Billion ≈ $44.90 Million |
+1.00% |
| 2016-12-31 | ₩65.59 Billion ≈ $44.45 Million |
-3.80% |
| 2015-12-31 | ₩68.18 Billion ≈ $46.20 Million |
-6.75% |
| 2014-12-31 | ₩73.12 Billion ≈ $49.55 Million |
+5.06% |
| 2013-12-31 | ₩69.60 Billion ≈ $47.16 Million |
+4.79% |
| 2012-12-31 | ₩66.41 Billion ≈ $45.01 Million |
-0.48% |
| 2011-12-31 | ₩66.73 Billion ≈ $45.22 Million |
+19.13% |
| 2010-12-31 | ₩56.02 Billion ≈ $37.96 Million |
+2.86% |
| 2009-12-31 | ₩54.46 Billion ≈ $36.91 Million |
+0.82% |
| 2008-12-31 | ₩54.02 Billion ≈ $36.61 Million |
-7.03% |
| 2007-12-31 | ₩58.11 Billion ≈ $39.38 Million |
-9.23% |
| 2006-12-31 | ₩64.02 Billion ≈ $43.38 Million |
+2.61% |
| 2005-12-31 | ₩62.39 Billion ≈ $42.28 Million |
+7.79% |
| 2004-12-31 | ₩57.88 Billion ≈ $39.22 Million |
-6.05% |
| 2003-12-31 | ₩61.60 Billion ≈ $41.75 Million |
-1.54% |
| 2002-12-31 | ₩62.56 Billion ≈ $42.40 Million |
-4.71% |
| 2001-12-31 | ₩65.65 Billion ≈ $44.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Snet systems 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 3482049603000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩34.82 Billion | 34.33% |
| Common Stock | ₩9.77 Billion | 9.64% |
| Other Components | ₩56.85 Billion | 56.04% |
| Total Equity | ₩101.44 Billion | 100.00% |
Snet systems Inc Competitors by Market Cap
The table below lists competitors of Snet systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yellow Balloon Tour Co. Ltd
KQ:104620
|
$56.45 Million |
|
Duroc AB (publ)
ST:DURC-B
|
$56.46 Million |
|
San Neng Group Holdings Co Ltd
TW:6671
|
$56.46 Million |
|
Pansari Developers Limited
NSE:PANSARI
|
$56.47 Million |
|
Datalex
IR:DLE
|
$56.45 Million |
|
Kronox Lab Sciences Ltd
NSE:KRONOX
|
$56.43 Million |
|
Roundtop Machinery Industries Co Ltd
TW:1540
|
$56.42 Million |
|
FiEE, Inc.
NASDAQ:FIEE
|
$56.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Snet systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 98,032,671,160 to 101,442,803,770, a change of 3,410,132,610 (3.5%).
- Net income of 5,954,945,110 contributed positively to equity growth.
- Dividend payments of 2,170,693,440 reduced retained earnings.
- Share repurchases of 376,745,940 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.95 Billion | +5.87% |
| Dividends Paid | ₩2.17 Billion | -2.14% |
| Share Repurchases | ₩376.75 Million | -0.37% |
| Other Changes | ₩2.63 Million | +0.0% |
| Total Change | ₩- | 3.48% |
Book Value vs Market Value Analysis
This analysis compares Snet systems 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: 0.83x
- 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 1.03x to 0.83x 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 | ₩4374.40 | ₩4520.00 | x |
| 2017-12-31 | ₩4425.18 | ₩4520.00 | x |
| 2018-12-31 | ₩4597.43 | ₩4520.00 | x |
| 2019-12-31 | ₩4869.00 | ₩4520.00 | x |
| 2020-12-31 | ₩5041.50 | ₩4520.00 | x |
| 2021-12-31 | ₩4258.55 | ₩4520.00 | x |
| 2022-12-31 | ₩4247.92 | ₩4520.00 | x |
| 2023-12-31 | ₩5734.53 | ₩4520.00 | x |
| 2024-12-31 | ₩5471.03 | ₩4520.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Snet systems 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): 5.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.32%
- • Asset Turnover: 1.73x
- • Equity Multiplier: 2.56x
- Recent ROE (5.87%) is above the historical average (3.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 4.99% | 3.09% | 1.18x | 1.37x | ₩-3.29 Billion |
| 2003 | 0.40% | 0.26% | 1.10x | 1.41x | ₩-5.82 Billion |
| 2005 | 3.52% | 1.90% | 1.19x | 1.56x | ₩-3.81 Billion |
| 2006 | 2.38% | 1.39% | 1.11x | 1.55x | ₩-4.54 Billion |
| 2009 | 1.14% | 0.51% | 1.29x | 1.72x | ₩-4.56 Billion |
| 2010 | 2.50% | 0.92% | 1.32x | 2.04x | ₩-3.95 Billion |
| 2013 | 5.68% | 1.98% | 1.49x | 1.93x | ₩-2.84 Billion |
| 2014 | 6.80% | 2.14% | 1.58x | 2.01x | ₩-2.19 Billion |
| 2015 | 4.63% | 1.60% | 1.39x | 2.07x | ₩-3.66 Billion |
| 2016 | -3.57% | -1.12% | 1.51x | 2.11x | ₩-8.90 Billion |
| 2017 | 2.14% | 0.66% | 1.44x | 2.24x | ₩-5.21 Billion |
| 2018 | 6.49% | 1.66% | 1.81x | 2.17x | ₩-2.43 Billion |
| 2019 | 8.42% | 1.91% | 1.84x | 2.39x | ₩-1.14 Billion |
| 2020 | 4.95% | 1.11% | 1.44x | 3.08x | ₩-3.71 Billion |
| 2021 | -13.66% | -2.64% | 1.43x | 3.63x | ₩-14.69 Billion |
| 2022 | -5.32% | -0.90% | 1.44x | 4.10x | ₩-10.12 Billion |
| 2023 | 20.31% | 4.17% | 1.63x | 2.99x | ₩10.10 Billion |
| 2024 | 5.87% | 1.32% | 1.73x | 2.56x | ₩-4.19 Billion |
Industry Comparison
This section compares Snet systems Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $172,585,605,867
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Snet systems Inc (038680) | ₩105.75 Billion | 4.99% | 1.55x | $56.45 Million |
| Gaon Cable (000500) | $264.57 Billion | 1.45% | 0.96x | $2.71 Billion |
| Huneed Tech (005870) | $133.18 Billion | 9.77% | 1.01x | $83.92 Million |
| Taihan Fiber Optics Co. Ltd (010170) | $76.02 Billion | -38.75% | 2.09x | $1.12 Billion |
| Humax Holdings Co. Ltd (028080) | $153.14 Billion | 3.81% | 0.11x | $72.29 Million |
| Comtec Sys (031820) | $233.58 Billion | 7.99% | 1.65x | $61.77 Million |
| KMW Inc. (032500) | $45.56 Billion | 8.64% | 3.57x | $821.46 Million |
| Insung Information Co. Ltd (033230) | $74.64 Billion | 0.00% | 0.44x | $66.08 Million |
| Bluecom Co. Ltd (033560) | $166.15 Billion | 1.16% | 0.04x | $37.87 Million |
| Kisan Telecom Co. Ltd (035460) | $32.43 Billion | -14.68% | 1.16x | $37.89 Million |
| Samji Electronics Co. Ltd (037460) | $546.58 Billion | 5.79% | 0.86x | $329.75 Million |
About Snet systems Inc
S.NetSystems.Inc. operates as a specialized ICT company in South Korea and internationally. The company offers system integration solutions, such as routing and switching, wireless, and Qos solutions; appliance-based next-generation security solutions; unified communication solutions; and server and desktop virtualization, CI/HCI consulting, storage, and D/C switch and SAN switch solutions. It al… Read more