meerecompany Incorporated
meerecompany Incorporated manufactures and sells display and semiconductor equipment in South Korea. Its display equipment include edge grinders and profilers, drilling machines, and cover and mother glass grinders; OLED, edge, and AOI inspection equipment; and laser cutters, markers, and trimmers, as well as laser polarized film cutting machines. The company's semiconductor equipment comprise lo… Read more
meerecompany Incorporated (049950) - Net Assets
Latest net assets as of September 2025: ₩106.99 Billion KRW
Based on the latest financial reports, meerecompany Incorporated (049950) has net assets worth ₩106.99 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 (₩127.08 Billion) and total liabilities (₩20.09 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 | ₩106.99 Billion |
| % of Total Assets | 84.19% |
| Annual Growth Rate | 5.93% |
| 5-Year Change | 30.24% |
| 10-Year Change | 94.92% |
| Growth Volatility | 14.32 |
meerecompany Incorporated - Net Assets Trend (2011–2024)
This chart illustrates how meerecompany Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for meerecompany Incorporated (2011–2024)
The table below shows the annual net assets of meerecompany Incorporated from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩126.02 Billion | -5.43% |
| 2023-12-31 | ₩133.25 Billion | +0.28% |
| 2022-12-31 | ₩132.88 Billion | +27.72% |
| 2021-12-31 | ₩104.04 Billion | +7.53% |
| 2020-12-31 | ₩96.75 Billion | -14.31% |
| 2019-12-31 | ₩112.91 Billion | +9.23% |
| 2018-12-31 | ₩103.36 Billion | +4.57% |
| 2017-12-31 | ₩98.85 Billion | +38.61% |
| 2016-12-31 | ₩71.31 Billion | +10.30% |
| 2015-12-31 | ₩64.65 Billion | +4.98% |
| 2014-12-31 | ₩61.59 Billion | -10.84% |
| 2013-12-31 | ₩69.07 Billion | -2.63% |
| 2012-12-31 | ₩70.94 Billion | +19.09% |
| 2011-12-31 | ₩59.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to meerecompany Incorporated'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 10442338931000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩104.42 Billion | 82.87% |
| Common Stock | ₩4.41 Billion | 3.50% |
| Other Components | ₩17.18 Billion | 13.64% |
| Total Equity | ₩126.02 Billion | 100.00% |
meerecompany Incorporated Competitors by Market Cap
The table below lists competitors of meerecompany Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Siam Wellness Group Public Company Limited
BK:SPA
|
$54.16 Million |
|
Tradetool Auto Co Ltd
TWO:3685
|
$54.17 Million |
|
Aardvark Therapeutics, Inc. Common Stock
NASDAQ:AARD
|
$54.18 Million |
|
S Hotels and Resorts Public Company Limited
BK:SHR
|
$54.18 Million |
|
Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS
IS:BJKAS
|
$54.16 Million |
|
Me2on Co. Ltd
KQ:201490
|
$54.15 Million |
|
KIRAC GALVANIZ
IS:TCKRC
|
$54.14 Million |
|
Two Rivers Financial Group Inc
PINK:TRVR
|
$54.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in meerecompany Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 133,249,755,440 to 126,016,245,570, a change of -7,233,509,870 (-5.4%).
- Net loss of 7,141,990,640 reduced equity.
- Dividend payments of 792,662,900 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-7.14 Billion | -5.67% |
| Dividends Paid | ₩792.66 Million | -0.63% |
| Other Changes | ₩701.14 Million | +0.56% |
| Total Change | ₩- | -5.43% |
Book Value vs Market Value Analysis
This analysis compares meerecompany Incorporated'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: 0.96x
- 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 1.66x to 0.96x 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 | ₩9256.07 | ₩15330.00 | x |
| 2017-12-31 | ₩12809.07 | ₩15330.00 | x |
| 2018-12-31 | ₩13800.13 | ₩15330.00 | x |
| 2019-12-31 | ₩15080.06 | ₩15330.00 | x |
| 2020-12-31 | ₩12552.00 | ₩15330.00 | x |
| 2021-12-31 | ₩13497.31 | ₩15330.00 | x |
| 2022-12-31 | ₩17252.51 | ₩15330.00 | x |
| 2023-12-31 | ₩16810.39 | ₩15330.00 | x |
| 2024-12-31 | ₩15897.83 | ₩15330.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently meerecompany Incorporated 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): -5.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.62%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.18x
- Recent ROE (-5.67%) is below the historical average (8.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 23.24% | 12.83% | 1.05x | 1.72x | ₩7.89 Billion |
| 2012 | 18.07% | 13.30% | 0.86x | 1.57x | ₩5.72 Billion |
| 2014 | -11.90% | -16.37% | 0.54x | 1.35x | ₩-13.49 Billion |
| 2015 | 5.13% | 5.31% | 0.70x | 1.38x | ₩-3.15 Billion |
| 2016 | 10.26% | 9.10% | 0.81x | 1.40x | ₩188.76 Million |
| 2017 | 28.50% | 15.52% | 1.10x | 1.67x | ₩18.28 Billion |
| 2018 | 19.11% | 9.26% | 1.50x | 1.37x | ₩9.41 Billion |
| 2019 | 10.59% | 12.28% | 0.73x | 1.18x | ₩669.11 Million |
| 2020 | -14.96% | -24.56% | 0.48x | 1.26x | ₩-24.15 Billion |
| 2021 | 6.18% | 5.52% | 0.72x | 1.54x | ₩-3.98 Billion |
| 2022 | 22.04% | 18.92% | 0.91x | 1.29x | ₩16.01 Billion |
| 2023 | 2.66% | 3.23% | 0.70x | 1.17x | ₩-9.79 Billion |
| 2024 | -5.67% | -10.62% | 0.45x | 1.18x | ₩-19.74 Billion |
Industry Comparison
This section compares meerecompany Incorporated's net assets metrics with peer companies in the Semiconductors & Semiconductor Equipment industry.
Industry Context
- Industry: Semiconductors & Semiconductor Equipment
- Average net assets among peers: $170,102,844,667
- Average return on equity (ROE) among peers: 5.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| meerecompany Incorporated (049950) | ₩106.99 Billion | 23.24% | 0.19x | $54.16 Million |
| Fidelix Co. Ltd (032580) | $40.61 Billion | 7.14% | 0.29x | $9.44 Million |
| Cloud Air Co.Ltd (036170) | $105.14 Billion | 1.44% | 0.03x | $66.69 Million |
| UNISEM Co. Ltd (036200) | $63.88 Billion | 5.09% | 0.47x | $142.76 Million |
| JUSUNG ENGINEERING Co. Ltd (036930) | $566.59 Billion | 18.85% | 0.74x | $1.46 Billion |
| Lumens Co. Ltd (038060) | $116.94 Billion | 6.75% | 1.26x | $19.77 Million |
| I&C Technology Co. Ltd (052860) | $44.51 Billion | -0.67% | 0.51x | $23.89 Million |
| KMH Hitech Co. Ltd (052900) | $101.62 Billion | 4.69% | 0.78x | $16.66 Million |
| 3S KOREA Co. Ltd (060310) | $33.37 Billion | -3.24% | 0.49x | $38.57 Million |
| Tokai Carbon Korea Co. Ltd (064760) | $458.27 Billion | 13.36% | 0.08x | $779.88 Million |