exax Inc
Sonid Inc. manufactures and sells chemicals, electronic materials, and printed electronics in South Korea. The company offers display chemical products for cleaning, developing, wet etching, and stripping in OLED, TFT-LCD, and TSP applications. It also provides functional electronic materials used in manufacturing electronic parts, including optical clear resins, UV resins, UV color sealants, and… Read more
exax Inc (060230) - Net Assets
Latest net assets as of September 2025: ₩56.14 Billion KRW
Based on the latest financial reports, exax Inc (060230) has net assets worth ₩56.14 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 (₩144.96 Billion) and total liabilities (₩88.82 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 | ₩56.14 Billion |
| % of Total Assets | 38.73% |
| Annual Growth Rate | 24.02% |
| 5-Year Change | -7.21% |
| 10-Year Change | 198.02% |
| Growth Volatility | 62.41 |
exax Inc - Net Assets Trend (2011–2024)
This chart illustrates how exax 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 exax Inc (2011–2024)
The table below shows the annual net assets of exax Inc from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩54.32 Billion | -64.07% |
| 2023-12-31 | ₩151.19 Billion | +101.79% |
| 2022-12-31 | ₩74.93 Billion | +6.87% |
| 2021-12-31 | ₩70.11 Billion | +19.77% |
| 2020-12-31 | ₩58.54 Billion | +6.36% |
| 2019-12-31 | ₩55.04 Billion | +69.61% |
| 2018-12-31 | ₩32.45 Billion | +43.63% |
| 2017-12-31 | ₩22.59 Billion | +9.26% |
| 2016-12-31 | ₩20.68 Billion | +13.45% |
| 2015-12-31 | ₩18.23 Billion | +119.92% |
| 2014-12-31 | ₩8.29 Billion | -49.81% |
| 2013-12-31 | ₩16.51 Billion | +95.68% |
| 2012-12-31 | ₩8.44 Billion | +155.17% |
| 2011-12-31 | ₩3.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to exax 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 decreased by 6730989908000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩23.51 Billion | 43.28% |
| Other Components | ₩98.12 Billion | 180.63% |
| Total Equity | ₩54.32 Billion | 100.00% |
exax Inc Competitors by Market Cap
The table below lists competitors of exax Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Murray & Roberts Holdings Limited
PINK:MURSF
|
$9.62 Million |
|
IRLAB THERAP. AB A
F:6IRA
|
$9.62 Million |
|
Cadence Opportunities Fund Ltd
AU:CDO
|
$9.62 Million |
|
Chonburi Concrete Product Public Company Limited
BK:CCP
|
$9.62 Million |
|
Magna Finance Tbk
JK:MGNA
|
$9.61 Million |
|
Bausen Inc.
TWO:2948
|
$9.61 Million |
|
ZINC MEDIA GR. LS -00125
F:YE42
|
$9.61 Million |
|
Moadata Co. Ltd.
KQ:288980
|
$9.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in exax Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 105,473,420,200 to 54,318,368,500, a change of -51,155,051,700 (-48.5%).
- Net loss of 59,620,608,090 reduced equity.
- Share repurchases of 999,999,120 reduced equity.
- New share issuances of 999,999,120 increased equity.
- Other factors increased equity by 8,465,556,390.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-59.62 Billion | -109.76% |
| Share Repurchases | ₩1000.00 Million | -1.84% |
| Share Issuances | ₩1000.00 Million | +1.84% |
| Other Changes | ₩8.47 Billion | +15.59% |
| Total Change | ₩- | -48.50% |
Book Value vs Market Value Analysis
This analysis compares exax 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: 1.58x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.55x to 1.58x 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 | ₩3348.30 | ₩1842.00 | x |
| 2017-12-31 | ₩2754.58 | ₩1842.00 | x |
| 2018-12-31 | ₩3202.44 | ₩1842.00 | x |
| 2019-12-31 | ₩3846.70 | ₩1842.00 | x |
| 2020-12-31 | ₩3805.81 | ₩1842.00 | x |
| 2021-12-31 | ₩4045.81 | ₩1842.00 | x |
| 2022-12-31 | ₩3549.02 | ₩1842.00 | x |
| 2023-12-31 | ₩3083.21 | ₩1842.00 | x |
| 2024-12-31 | ₩1163.30 | ₩1842.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently exax 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): -109.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -122.04%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 2.64x
- Recent ROE (-109.76%) is below the historical average (-29.23%), 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 | 40.12% | 6.09% | 1.03x | 6.38x | ₩2.54 Billion |
| 2013 | 27.52% | 6.30% | 0.84x | 5.23x | ₩2.89 Billion |
| 2014 | -149.89% | -16.11% | 1.14x | 8.13x | ₩-13.25 Billion |
| 2015 | -36.59% | -13.01% | 0.89x | 3.15x | ₩-8.49 Billion |
| 2016 | -41.83% | -18.73% | 0.85x | 2.62x | ₩-10.72 Billion |
| 2017 | -41.38% | -21.44% | 0.70x | 2.77x | ₩-11.61 Billion |
| 2018 | -6.91% | -6.70% | 0.48x | 2.16x | ₩-5.49 Billion |
| 2019 | -1.82% | -2.71% | 0.42x | 1.59x | ₩-6.50 Billion |
| 2020 | -2.19% | -4.27% | 0.34x | 1.51x | ₩-7.13 Billion |
| 2021 | -3.93% | -9.39% | 0.20x | 2.08x | ₩-9.76 Billion |
| 2022 | -15.99% | -29.86% | 0.27x | 1.96x | ₩-19.47 Billion |
| 2023 | -37.34% | -79.52% | 0.20x | 2.30x | ₩-49.93 Billion |
| 2024 | -109.76% | -122.04% | 0.34x | 2.64x | ₩-65.05 Billion |
Industry Comparison
This section compares exax Inc's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $1,252,997,989,292
- Average return on equity (ROE) among peers: 8.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| exax Inc (060230) | ₩56.14 Billion | 40.12% | 1.58x | $9.61 Million |
| Rifa Ind (000760) | $181.15 Billion | -1.86% | 0.48x | $8.66 Million |
| Kumyang (001570) | $57.95 Billion | 24.95% | 1.85x | $316.82 Million |
| Sh E & Chemical Co. Ltd. (002360) | $94.10 Billion | 1.96% | 0.32x | $20.38 Million |
| KCC Corporation (002380) | $5.09 Trillion | 4.87% | 0.38x | $1.65 Billion |
| Miwon Commerci (002840) | $239.21 Billion | 9.14% | 0.38x | $100.20 Million |
| Taekwang Ind (003240) | $3.48 Trillion | 3.91% | 0.25x | $160.16 Million |
| Lotte Fine Chemical Co Ltd (004000) | $2.20 Trillion | 26.63% | 0.24x | $496.67 Million |
| Dongjin Semichem Co. Ltd (005290) | $133.88 Billion | 0.00% | 3.14x | $1.06 Billion |
| Isu Chemical Co Ltd (005950) | $279.30 Billion | 6.94% | 0.54x | $85.98 Million |
| Korea Petro Chemical Ind (006650) | $768.68 Billion | 3.91% | 0.65x | $316.72 Million |