PC Direct Inc (051380) - Net Assets
Based on the latest financial reports, PC Direct Inc (051380) has net assets worth ₩39.91 Billion KRW (≈ $27.05 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩118.22 Billion ≈ $80.11 Million USD) and total liabilities (₩78.31 Billion ≈ $53.07 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 051380 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩39.91 Billion |
| % of Total Assets | 33.76% |
| Annual Growth Rate | 5.13% |
| 5-Year Change | -25.85% |
| 10-Year Change | 45.7% |
| Growth Volatility | 12.1 |
PC Direct Inc - Net Assets Trend (2014–2025)
This chart illustrates how PC Direct Inc's net assets have evolved over time, based on quarterly financial data. See 051380 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PC Direct Inc (2014–2025)
The table below shows the annual net assets of PC Direct Inc from 2014 to 2025. For live valuation and market cap data, see 051380 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩39.46 Billion ≈ $26.74 Million |
+3.14% |
| 2024-12-31 | ₩38.26 Billion ≈ $25.93 Million |
-10.58% |
| 2023-12-31 | ₩42.78 Billion ≈ $28.99 Million |
-4.57% |
| 2022-12-31 | ₩44.83 Billion ≈ $30.38 Million |
-15.75% |
| 2021-12-31 | ₩53.21 Billion ≈ $36.06 Million |
+28.48% |
| 2020-12-31 | ₩41.42 Billion ≈ $28.07 Million |
+14.80% |
| 2019-12-31 | ₩36.08 Billion ≈ $24.45 Million |
+8.69% |
| 2018-12-31 | ₩33.19 Billion ≈ $22.50 Million |
+11.07% |
| 2017-12-31 | ₩29.89 Billion ≈ $20.25 Million |
+10.37% |
| 2016-12-31 | ₩27.08 Billion ≈ $18.35 Million |
+15.91% |
| 2015-12-31 | ₩23.36 Billion ≈ $15.83 Million |
+2.64% |
| 2014-12-31 | ₩22.76 Billion ≈ $15.43 Million |
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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 159.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩26.14 Billion | 66.24% |
| Other Components | ₩13.32 Billion | 33.76% |
| Total Equity | ₩39.46 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 |
|---|---|
|
Ekiz Kimya Sanayi ve Ticaret AS
IS:EKIZ
|
$16.64 Million |
|
Aegis Brands Inc
TO:AEG
|
$16.66 Million |
|
Procorp S.A.B. de C.V
MX:PROCORPB
|
$16.67 Million |
|
Kodi-M Co Ltd
KQ:224060
|
$16.68 Million |
|
Atalaya Mining Ltd
LSE:ATYM
|
$16.63 Million |
|
Bioleaders Corporation
KQ:142760
|
$16.62 Million |
|
Bimergen Energy Corporation
NYSE:BESS
|
$16.62 Million |
|
Rubberex Corporation M Bhd
KLSE:7803
|
$16.60 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 2024 to 2025, total equity changed from 38,255,442,250 to 39,455,681,080, a change of 1,200,238,830 (3.1%).
- Net income of 2,520,766,400 contributed positively to equity growth.
- Dividend payments of 730,736,550 reduced retained earnings.
- Share repurchases of 515,190,110 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.52 Billion | +6.39% |
| Dividends Paid | ₩730.74 Million | -1.85% |
| Share Repurchases | ₩515.19 Million | -1.31% |
| Other Changes | ₩-74.60 Million | -0.19% |
| Total Change | ₩- | 3.14% |
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: 0.62x
- 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 0.47x to 0.62x 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 | ₩1705.00 | x |
| 2017-12-31 | ₩3963.77 | ₩1705.00 | x |
| 2018-12-31 | ₩4350.78 | ₩1705.00 | x |
| 2019-12-31 | ₩4704.80 | ₩1705.00 | x |
| 2020-12-31 | ₩5401.06 | ₩1705.00 | x |
| 2021-12-31 | ₩6937.73 | ₩1705.00 | x |
| 2022-12-31 | ₩5844.99 | ₩1705.00 | x |
| 2023-12-31 | ₩2789.00 | ₩1705.00 | x |
| 2024-12-31 | ₩2617.59 | ₩1705.00 | x |
| 2025-12-31 | ₩2740.82 | ₩1705.00 | 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): 6.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.68%
- • Asset Turnover: 3.91x
- • Equity Multiplier: 2.42x
- Recent ROE (6.39%) is above the historical average (5.95%), indicating improving 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 |
| 2025 | 6.39% | 0.68% | 3.91x | 2.42x | ₩-1.42 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: $70,554,879,590
- Average return on equity (ROE) among peers: 5.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PC Direct Inc (051380) | ₩39.91 Billion | -0.83% | 1.96x | $16.63 Million |
| Inter-M Corporation (017250) | $75.63 Billion | 3.46% | 0.61x | $14.41 Million |
| SAMT Co. Ltd (031330) | $75.88 Billion | 11.33% | 2.40x | $1.04 Billion |
| JCH Systems Inc (033320) | $56.66 Billion | 0.00% | 0.63x | $42.19 Million |
| Zungwon En-Sys Inc (045510) | $37.81 Billion | 6.00% | 1.08x | $17.51 Million |
| Uniquest (077500) | $106.80 Billion | 5.07% | 0.83x | $112.71 Million |
About 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