Protec Co. Ltd
Protec Co., Ltd. manufactures and sells semiconductor packaging equipment and automated pneumatic parts in South Korea. The company provides dispensers, precision attachment systems, laser assisted bonders, and micro SBM products. Protec Co., Ltd. was incorporated in 1997 and is headquartered in Anyang-si, South Korea.
Protec Co. Ltd (053610) - Net Assets
Latest net assets as of September 2025: ₩340.13 Billion KRW
Based on the latest financial reports, Protec Co. Ltd (053610) has net assets worth ₩340.13 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 (₩425.22 Billion) and total liabilities (₩85.08 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 | ₩340.13 Billion |
| % of Total Assets | 79.99% |
| Annual Growth Rate | 12.58% |
| 5-Year Change | 56.59% |
| 10-Year Change | 201.84% |
| Growth Volatility | 7.34 |
Protec Co. Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Protec 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 Protec Co. Ltd (2012–2024)
The table below shows the annual net assets of Protec Co. Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩322.81 Billion | +2.67% |
| 2023-12-31 | ₩314.40 Billion | +16.06% |
| 2022-12-31 | ₩270.90 Billion | +8.16% |
| 2021-12-31 | ₩250.46 Billion | +21.49% |
| 2020-12-31 | ₩206.15 Billion | -0.29% |
| 2019-12-31 | ₩206.76 Billion | +24.91% |
| 2018-12-31 | ₩165.53 Billion | +13.61% |
| 2017-12-31 | ₩145.69 Billion | +20.97% |
| 2016-12-31 | ₩120.44 Billion | +12.61% |
| 2015-12-31 | ₩106.95 Billion | +9.13% |
| 2014-12-31 | ₩98.00 Billion | +16.58% |
| 2013-12-31 | ₩84.06 Billion | +7.98% |
| 2012-12-31 | ₩77.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Protec 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 363.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩316.21 Billion | 103.94% |
| Common Stock | ₩5.50 Billion | 1.81% |
| Total Equity | ₩304.22 Billion | 100.00% |
Protec Co. Ltd Competitors by Market Cap
The table below lists competitors of Protec Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sparebank 1 Ostfold Akershus
OL:SOAG
|
$160.83 Million |
|
China MeiDong Auto Holdings Limited
PINK:CMEIF
|
$160.87 Million |
|
China General Plastics Corp
TW:1305
|
$160.91 Million |
|
CWB Automotive Electronics Co Ltd
SHG:605005
|
$160.96 Million |
|
Teamlease Services Limited
NSE:TEAMLEASE
|
$160.80 Million |
|
51Talk Online Education Group
NYSE MKT:COE
|
$160.78 Million |
|
Ace Hardware Indonesia Tbk
JK:ACES
|
$160.76 Million |
|
MPHB Capital Bhd
KLSE:5237
|
$160.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Protec Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 285,594,279,570 to 304,215,344,240, a change of 18,621,064,670 (6.5%).
- Net income of 21,678,998,730 contributed positively to equity growth.
- Dividend payments of 3,600,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩21.68 Billion | +7.13% |
| Dividends Paid | ₩3.60 Billion | -1.18% |
| Other Changes | ₩542.07 Million | +0.18% |
| Total Change | ₩- | 6.52% |
Book Value vs Market Value Analysis
This analysis compares Protec 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: 1.74x
- 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 4.65x to 1.74x 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 | ₩12615.93 | ₩58700.00 | x |
| 2017-12-31 | ₩15157.51 | ₩58700.00 | x |
| 2018-12-31 | ₩17541.28 | ₩58700.00 | x |
| 2019-12-31 | ₩19969.96 | ₩58700.00 | x |
| 2020-12-31 | ₩21105.00 | ₩58700.00 | x |
| 2021-12-31 | ₩25640.79 | ₩58700.00 | x |
| 2022-12-31 | ₩30100.20 | ₩58700.00 | x |
| 2023-12-31 | ₩31732.70 | ₩58700.00 | x |
| 2024-12-31 | ₩33801.70 | ₩58700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Protec 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): 7.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.73%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.24x
- Recent ROE (7.13%) is below the historical average (13.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 19.27% | 18.51% | 0.90x | 1.16x | ₩7.22 Billion |
| 2013 | 8.81% | 11.20% | 0.62x | 1.27x | ₩-996.89 Million |
| 2014 | 15.21% | 16.04% | 0.75x | 1.27x | ₩5.08 Billion |
| 2015 | 10.02% | 14.27% | 0.55x | 1.27x | ₩24.65 Million |
| 2016 | 10.94% | 13.89% | 0.64x | 1.24x | ₩1.13 Billion |
| 2017 | 18.07% | 17.57% | 0.85x | 1.21x | ₩11.75 Billion |
| 2018 | 15.67% | 16.84% | 0.77x | 1.20x | ₩9.38 Billion |
| 2019 | 17.95% | 20.65% | 0.77x | 1.12x | ₩16.44 Billion |
| 2020 | 5.55% | 13.22% | 0.38x | 1.10x | ₩-9.18 Billion |
| 2021 | 18.83% | 27.11% | 0.61x | 1.14x | ₩22.12 Billion |
| 2022 | 16.06% | 21.89% | 0.57x | 1.28x | ₩16.42 Billion |
| 2023 | 7.22% | 13.21% | 0.43x | 1.27x | ₩-7.95 Billion |
| 2024 | 7.13% | 12.73% | 0.45x | 1.24x | ₩-8.74 Billion |
Industry Comparison
This section compares Protec Co. Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $110,908,899,180
- Average return on equity (ROE) among peers: -2.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Protec Co. Ltd (053610) | ₩340.13 Billion | 19.27% | 0.25x | $160.82 Million |
| D I Corp (003160) | $133.51 Billion | 13.72% | 0.51x | $451.20 Million |
| Samick Thk (004380) | $39.20 Billion | 7.08% | 1.03x | $42.11 Million |
| PSMC CO. Ltd (024850) | $15.00 Billion | -5.63% | 1.54x | $196.26 Million |
| Mirae Corporation (025560) | $74.91 Billion | -42.05% | 0.36x | $28.14 Million |
| MK Electron Co. Ltd (033160) | $90.84 Billion | 8.51% | 2.05x | $122.21 Million |
| Signetics Corporation (033170) | $106.37 Billion | -35.10% | 0.57x | $27.59 Million |
| Nepes Corporation (033640) | $144.47 Billion | 13.77% | 0.80x | $207.58 Million |
| EO Technics Co. Ltd (039030) | $280.13 Billion | 14.95% | 0.36x | $2.32 Billion |
| Hanmi Semicon (042700) | $167.61 Billion | 20.71% | 0.39x | $8.86 Billion |
| Gigalane Co Ltd (049080) | $57.06 Billion | -17.38% | 1.73x | $18.82 Million |