TOVIS Co.Ltd
TOVIS Co.,Ltd provides display solutions in South Korea and internationally. The company offers curved displays; touch solutions comprising PCT, air touch, and gesture touch; digital button decks; customized displays; various automotive displays, including HUD, rear seat entertainment, touch air conditioners, digital touch keys, digital side-view mirrors, and digital touch buttons; single and mul… Read more
TOVIS Co.Ltd (051360) - Net Assets
Latest net assets as of September 2025: ₩296.64 Billion KRW
Based on the latest financial reports, TOVIS Co.Ltd (051360) has net assets worth ₩296.64 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 (₩557.78 Billion) and total liabilities (₩261.14 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 | ₩296.64 Billion |
| % of Total Assets | 53.18% |
| Annual Growth Rate | 13.4% |
| 5-Year Change | 43.7% |
| 10-Year Change | 81.74% |
| Growth Volatility | 15.23 |
TOVIS Co.Ltd - Net Assets Trend (2011–2024)
This chart illustrates how TOVIS Co.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 TOVIS Co.Ltd (2011–2024)
The table below shows the annual net assets of TOVIS Co.Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩264.56 Billion | +24.49% |
| 2023-12-31 | ₩212.51 Billion | +18.36% |
| 2022-12-31 | ₩179.54 Billion | -4.25% |
| 2021-12-31 | ₩187.51 Billion | +1.85% |
| 2020-12-31 | ₩184.11 Billion | -5.11% |
| 2019-12-31 | ₩194.02 Billion | +9.45% |
| 2018-12-31 | ₩177.27 Billion | +6.91% |
| 2017-12-31 | ₩165.81 Billion | +6.93% |
| 2016-12-31 | ₩155.06 Billion | +6.52% |
| 2015-12-31 | ₩145.57 Billion | +23.61% |
| 2014-12-31 | ₩117.77 Billion | +45.18% |
| 2013-12-31 | ₩81.12 Billion | +42.12% |
| 2012-12-31 | ₩57.08 Billion | +10.66% |
| 2011-12-31 | ₩51.58 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOVIS Co.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 28756.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩201.02 Billion | 83.68% |
| Common Stock | ₩8.36 Billion | 3.48% |
| Other Components | ₩30.84 Billion | 12.84% |
| Total Equity | ₩240.22 Billion | 100.00% |
TOVIS Co.Ltd Competitors by Market Cap
The table below lists competitors of TOVIS Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jarllytec Co Ltd
TWO:3548
|
$132.20 Million |
|
EAGLE BANCORP.(M.) DL-01
F:8F5
|
$132.27 Million |
|
Cigniti Technologies Limited
NSE:CIGNITITEC
|
$132.30 Million |
|
Yoantion Industrial Inc.Ltd.
SHE:301053
|
$132.33 Million |
|
CoreCard Corp
NYSE:CCRD
|
$132.07 Million |
|
Incap Oyj
HE:ICP1V
|
$132.05 Million |
|
GomSpace Group AB
ST:GOMX
|
$132.05 Million |
|
Osisko Metals Incorporated
OTCQX:OMZNF
|
$132.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOVIS Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 191,376,890,940 to 240,219,922,250, a change of 48,843,031,310 (25.5%).
- Net income of 57,736,979,040 contributed positively to equity growth.
- Dividend payments of 2,459,712,960 reduced retained earnings.
- Share repurchases of 2,814,707,050 reduced equity.
- Other factors decreased equity by 3,619,527,720.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩57.74 Billion | +24.04% |
| Dividends Paid | ₩2.46 Billion | -1.02% |
| Share Repurchases | ₩2.81 Billion | -1.17% |
| Other Changes | ₩-3.62 Billion | -1.51% |
| Total Change | ₩- | 25.52% |
Book Value vs Market Value Analysis
This analysis compares TOVIS Co.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: 1.01x
- 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 1.67x to 1.01x 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 | ₩9586.21 | ₩16050.00 | x |
| 2017-12-31 | ₩10175.24 | ₩16050.00 | x |
| 2018-12-31 | ₩11280.74 | ₩16050.00 | x |
| 2019-12-31 | ₩12705.51 | ₩16050.00 | x |
| 2020-12-31 | ₩12008.65 | ₩16050.00 | x |
| 2021-12-31 | ₩12126.65 | ₩16050.00 | x |
| 2022-12-31 | ₩11755.47 | ₩16050.00 | x |
| 2023-12-31 | ₩12448.73 | ₩16050.00 | x |
| 2024-12-31 | ₩15831.85 | ₩16050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOVIS Co.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): 24.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.26%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 2.20x
- Recent ROE (24.04%) is above the historical average (11.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 20.87% | 3.34% | 2.59x | 2.42x | ₩5.56 Billion |
| 2012 | 12.24% | 1.93% | 2.70x | 2.35x | ₩1.27 Billion |
| 2013 | 12.95% | 2.18% | 2.97x | 2.00x | ₩2.39 Billion |
| 2014 | 32.49% | 6.27% | 2.52x | 2.06x | ₩26.46 Billion |
| 2015 | 16.79% | 5.28% | 2.02x | 1.57x | ₩9.89 Billion |
| 2016 | 10.50% | 3.58% | 1.57x | 1.86x | ₩770.50 Million |
| 2017 | 7.79% | 2.47% | 1.98x | 1.59x | ₩-3.66 Billion |
| 2018 | 11.08% | 4.56% | 1.47x | 1.65x | ₩1.91 Billion |
| 2019 | 11.37% | 5.27% | 1.49x | 1.45x | ₩2.66 Billion |
| 2020 | -3.48% | -2.35% | 0.97x | 1.53x | ₩-24.81 Billion |
| 2021 | 0.67% | 0.48% | 0.71x | 1.97x | ₩-17.49 Billion |
| 2022 | -2.78% | -1.52% | 0.82x | 2.23x | ₩-22.94 Billion |
| 2023 | 6.06% | 2.59% | 0.92x | 2.55x | ₩-7.53 Billion |
| 2024 | 24.04% | 9.26% | 1.18x | 2.20x | ₩33.71 Billion |
Industry Comparison
This section compares TOVIS Co.Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $1,182,735,888,965
- Average return on equity (ROE) among peers: 13.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOVIS Co.Ltd (051360) | ₩296.64 Billion | 20.87% | 0.88x | $132.09 Million |
| YoungPoong (000670) | $1.92 Trillion | 12.09% | 0.37x | $141.87 Million |
| Sam Hwa Capaci (001820) | $32.31 Billion | 5.37% | 1.45x | $256.49 Million |
| Samick Music I (002450) | $129.03 Billion | 85.85% | 1.36x | $30.81 Million |
| Hansol Technics (004710) | $279.10 Billion | 9.39% | 1.12x | $84.94 Million |
| Sunny Elec (004770) | $14.69 Billion | -26.30% | 0.94x | $33.79 Million |
| PJ Electronics Co. Ltd (006140) | $104.92 Billion | 6.76% | 0.22x | $20.94 Million |
| Isupetasys (007660) | $163.27 Billion | 14.70% | 0.84x | $4.21 Billion |
| Korea Circuit Co. Ltd. (007810) | $99.55 Billion | 14.09% | 1.24x | $425.68 Million |
| Kyung In Elect (009140) | $70.58 Billion | 8.20% | 0.06x | $7.73 Million |
| Samsung Electro-Mechanics (009150) | $9.02 Trillion | 7.53% | 0.42x | $17.64 Billion |