PC Direct Inc
PC Direct, Inc. distributes IT components in South Korea and internationally. The company offers processors, motherboards, SSDs, server products, IT hardware for personal and company server construction, IoT-related products, and security solutions. It also deals in PC/gaming products comprising central processing units, storage devices, graphics cards, network storage devices, and gaming product… Read more
PC Direct Inc (051380) - Net Assets
Latest net assets as of September 2025: ₩38.42 Billion KRW
Based on the latest financial reports, PC Direct Inc (051380) has net assets worth ₩38.42 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 (₩99.98 Billion) and total liabilities (₩61.56 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 | ₩38.42 Billion |
| % of Total Assets | 38.43% |
| Annual Growth Rate | 5.33% |
| 5-Year Change | -7.64% |
| 10-Year Change | 63.74% |
| Growth Volatility | 12.66 |
PC Direct Inc - Net Assets Trend (2014–2024)
This chart illustrates how PC Direct 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 PC Direct Inc (2014–2024)
The table below shows the annual net assets of PC Direct Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩38.26 Billion | -10.58% |
| 2023-12-31 | ₩42.78 Billion | -4.57% |
| 2022-12-31 | ₩44.83 Billion | -15.75% |
| 2021-12-31 | ₩53.21 Billion | +28.48% |
| 2020-12-31 | ₩41.42 Billion | +14.80% |
| 2019-12-31 | ₩36.08 Billion | +8.69% |
| 2018-12-31 | ₩33.19 Billion | +11.07% |
| 2017-12-31 | ₩29.89 Billion | +10.37% |
| 2016-12-31 | ₩27.08 Billion | +15.91% |
| 2015-12-31 | ₩23.36 Billion | +2.64% |
| 2014-12-31 | ₩22.76 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PC Direct 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 142.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩24.42 Billion | 63.84% |
| Common Stock | ₩7.67 Billion | 20.05% |
| Other Components | ₩6.16 Billion | 16.11% |
| Total Equity | ₩38.26 Billion | 100.00% |
PC Direct Inc Competitors by Market Cap
The table below lists competitors of PC Direct Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tekom Technologies
TWO:6294
|
$17.34 Million |
|
MR. BRICOLAGE INH. EO 32
F:4OL
|
$17.35 Million |
|
Hateks Hatay Tekstil Isletmeleri AS
IS:HATEK
|
$17.36 Million |
|
Modern Internasional Tbk
JK:MDRN
|
$17.36 Million |
|
SciDev Limited
F:INFA
|
$17.34 Million |
|
Integrated Rail and Resources Acquisition Corp
PINK:IRRX
|
$17.33 Million |
|
Medhelp Care AB
ST:MEDHLP
|
$17.33 Million |
|
Jones Soda Co
OTCQB:JSDA
|
$17.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PC Direct Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 42,783,481,520 to 38,255,442,250, a change of -4,528,039,270 (-10.6%).
- Net loss of 664,750,520 reduced equity.
- Dividend payments of 1,533,023,000 reduced retained earnings.
- Share repurchases of 2,183,654,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-664.75 Million | -1.74% |
| Dividends Paid | ₩1.53 Billion | -4.01% |
| Share Repurchases | ₩2.18 Billion | -5.71% |
| Other Changes | ₩-146.61 Million | -0.38% |
| Total Change | ₩- | -10.58% |
Book Value vs Market Value Analysis
This analysis compares PC Direct 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: 0.78x
- 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 increased from 0.57x to 0.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩3591.41 | ₩2035.00 | x |
| 2017-12-31 | ₩3963.77 | ₩2035.00 | x |
| 2018-12-31 | ₩4350.78 | ₩2035.00 | x |
| 2019-12-31 | ₩4704.80 | ₩2035.00 | x |
| 2020-12-31 | ₩5401.06 | ₩2035.00 | x |
| 2021-12-31 | ₩6937.73 | ₩2035.00 | x |
| 2022-12-31 | ₩5844.99 | ₩2035.00 | x |
| 2023-12-31 | ₩2789.00 | ₩2035.00 | x |
| 2024-12-31 | ₩2617.59 | ₩2035.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PC Direct 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): -1.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.20%
- • Asset Turnover: 3.71x
- • Equity Multiplier: 2.35x
- Recent ROE (-1.74%) is below the historical average (5.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -0.83% | -0.11% | 3.63x | 2.11x | ₩-2.46 Billion |
| 2015 | 0.73% | 0.09% | 4.08x | 2.08x | ₩-2.17 Billion |
| 2016 | 4.67% | 0.61% | 4.19x | 1.84x | ₩-1.44 Billion |
| 2017 | 10.05% | 1.32% | 4.24x | 1.79x | ₩14.98 Million |
| 2018 | 10.04% | 1.39% | 4.24x | 1.70x | ₩13.83 Million |
| 2019 | 10.45% | 1.35% | 4.12x | 1.87x | ₩163.45 Million |
| 2020 | 14.68% | 1.94% | 3.85x | 1.97x | ₩1.94 Billion |
| 2021 | 24.43% | 3.56% | 3.84x | 1.79x | ₩7.68 Billion |
| 2022 | -9.24% | -1.33% | 3.45x | 2.02x | ₩-8.63 Billion |
| 2023 | 1.79% | 0.25% | 3.34x | 2.13x | ₩-3.51 Billion |
| 2024 | -1.74% | -0.20% | 3.71x | 2.35x | ₩-4.49 Billion |
Industry Comparison
This section compares PC Direct Inc's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $118,739,793,060
- Average return on equity (ROE) among peers: -7.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PC Direct Inc (051380) | ₩38.42 Billion | -0.83% | 1.60x | $17.34 Million |
| Inter-M Corporation (017250) | $29.39 Billion | -58.26% | 1.80x | $7.13 Million |
| SAMT Co. Ltd (031330) | $361.08 Billion | 16.00% | 0.95x | $164.92 Million |
| JCH Systems Inc (033320) | $43.17 Billion | 0.00% | 0.94x | $31.04 Million |
| Zungwon En-Sys Inc (045510) | $34.76 Billion | -8.03% | 1.01x | $8.02 Million |
| Uniquest (077500) | $125.30 Billion | 15.21% | 0.50x | $40.97 Million |