TOP Engineering Co. Ltd
TOP Engineering Co., Ltd develops, manufactures, and sells LCD/OLED/LED, camera module, test, secondary battery, and roll to roll equipment in South Korea and internationally. The company offers LCD/OLED/LED equipment, such as LC and seal dispensers, glass cutting systems, array testers, direct bonding systems, dam and fill dispensers, and micro led non-contact EL inspection technology and equipm… Read more
TOP Engineering Co. Ltd (065130) - Net Assets
Latest net assets as of September 2025: ₩311.18 Billion KRW
Based on the latest financial reports, TOP Engineering Co. Ltd (065130) has net assets worth ₩311.18 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 (₩511.48 Billion) and total liabilities (₩200.30 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 | ₩311.18 Billion |
| % of Total Assets | 60.84% |
| Annual Growth Rate | 3.45% |
| 5-Year Change | -7.31% |
| 10-Year Change | 33.49% |
| Growth Volatility | 7.89 |
TOP Engineering Co. Ltd - Net Assets Trend (2010–2024)
This chart illustrates how TOP Engineering 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 TOP Engineering Co. Ltd (2010–2024)
The table below shows the annual net assets of TOP Engineering Co. Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩192.72 Billion | -0.72% |
| 2023-12-31 | ₩194.11 Billion | +8.87% |
| 2022-12-31 | ₩178.29 Billion | -6.36% |
| 2021-12-31 | ₩190.39 Billion | -8.42% |
| 2020-12-31 | ₩207.91 Billion | -2.09% |
| 2019-12-31 | ₩212.34 Billion | +23.21% |
| 2018-12-31 | ₩172.35 Billion | +9.20% |
| 2017-12-31 | ₩157.83 Billion | +1.81% |
| 2016-12-31 | ₩155.03 Billion | +7.39% |
| 2015-12-31 | ₩144.36 Billion | +9.75% |
| 2014-12-31 | ₩131.54 Billion | +2.44% |
| 2013-12-31 | ₩128.41 Billion | +7.24% |
| 2012-12-31 | ₩119.74 Billion | -4.34% |
| 2011-12-31 | ₩125.17 Billion | +4.41% |
| 2010-12-31 | ₩119.89 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOP Engineering 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 14410.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩144.66 Billion | 75.07% |
| Common Stock | ₩8.93 Billion | 4.63% |
| Other Components | ₩39.12 Billion | 20.30% |
| Total Equity | ₩192.72 Billion | 100.00% |
TOP Engineering Co. Ltd Competitors by Market Cap
The table below lists competitors of TOP Engineering Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Health In Tech, Inc. Class A Common Stock
NASDAQ:HIT
|
$19.48 Million |
|
Guangdong Land Holdings Limited
PINK:KYBWF
|
$19.48 Million |
|
Ezfly International Travel Agent Co. Ltd.
TWO:2734
|
$19.49 Million |
|
Meditera Tibbi Malzeme Sanayi ve Ticaret AS
IS:MEDTR
|
$19.51 Million |
|
105760
KQ:105760
|
$19.48 Million |
|
Lion Chemtech Co. Ltd
KQ:171120
|
$19.48 Million |
|
OHTL Public Company Limited
BK:OHTL
|
$19.48 Million |
|
WIIK Public Company Limited
BK:WIIK
|
$19.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOP Engineering Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 194,105,400,390 to 192,715,249,760, a change of -1,390,150,630 (-0.7%).
- Net loss of 1,252,779,800 reduced equity.
- Share repurchases of 3,171,342,230 reduced equity.
- Other factors increased equity by 3,033,971,400.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-1.25 Billion | -0.65% |
| Share Repurchases | ₩3.17 Billion | -1.65% |
| Other Changes | ₩3.03 Billion | +1.57% |
| Total Change | ₩- | -0.72% |
Book Value vs Market Value Analysis
This analysis compares TOP Engineering 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: 0.24x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩9908.25 | ₩3180.00 | x |
| 2017-12-31 | ₩10179.41 | ₩3180.00 | x |
| 2018-12-31 | ₩11115.68 | ₩3180.00 | x |
| 2019-12-31 | ₩13332.99 | ₩3180.00 | x |
| 2020-12-31 | ₩13163.09 | ₩3180.00 | x |
| 2021-12-31 | ₩12349.24 | ₩3180.00 | x |
| 2022-12-31 | ₩11955.17 | ₩3180.00 | x |
| 2023-12-31 | ₩12127.71 | ₩3180.00 | x |
| 2024-12-31 | ₩13002.42 | ₩3180.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOP Engineering 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): -0.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.15%
- • Asset Turnover: 1.37x
- • Equity Multiplier: 3.09x
- Recent ROE (-0.65%) is below the historical average (3.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 5.65% | 4.74% | 0.67x | 1.78x | ₩-4.92 Billion |
| 2011 | 3.82% | 3.03% | 0.75x | 1.67x | ₩-7.53 Billion |
| 2012 | 2.91% | 5.31% | 0.33x | 1.68x | ₩-8.30 Billion |
| 2013 | 2.79% | 4.66% | 0.39x | 1.53x | ₩-9.16 Billion |
| 2014 | 2.08% | 2.61% | 0.54x | 1.47x | ₩-10.35 Billion |
| 2015 | 7.61% | 7.98% | 0.62x | 1.55x | ₩-3.45 Billion |
| 2016 | 6.73% | 6.48% | 0.72x | 1.43x | ₩-5.07 Billion |
| 2017 | 8.65% | 7.75% | 0.38x | 2.93x | ₩-2.14 Billion |
| 2018 | 9.73% | 1.83% | 1.65x | 3.23x | ₩-472.05 Million |
| 2019 | 17.00% | 2.76% | 2.19x | 2.81x | ₩14.86 Billion |
| 2020 | -1.94% | -0.34% | 1.92x | 2.98x | ₩-24.83 Billion |
| 2021 | -8.66% | -1.52% | 1.72x | 3.31x | ₩-35.52 Billion |
| 2022 | -7.61% | -1.45% | 1.83x | 2.88x | ₩-31.40 Billion |
| 2023 | 6.46% | 1.31% | 1.71x | 2.90x | ₩-6.86 Billion |
| 2024 | -0.65% | -0.15% | 1.37x | 3.09x | ₩-20.52 Billion |
Industry Comparison
This section compares TOP Engineering 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: $128,266,771,899
- Average return on equity (ROE) among peers: -0.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOP Engineering Co. Ltd (065130) | ₩311.18 Billion | 5.65% | 0.64x | $19.48 Million |
| D I Corp (003160) | $167.74 Billion | 0.65% | 0.91x | $431.82 Million |
| Samick Thk (004380) | $79.31 Billion | 5.11% | 0.99x | $42.11 Million |
| PSMC CO. Ltd (024850) | $22.26 Billion | -14.70% | 0.84x | $196.26 Million |
| Mirae Corporation (025560) | $38.02 Billion | 0.00% | 1.53x | $27.97 Million |
| MK Electron Co. Ltd (033160) | $352.21 Billion | 7.86% | 4.63x | $116.29 Million |
| Signetics Corporation (033170) | $147.33 Billion | -4.23% | 0.36x | $27.88 Million |
| Nepes Corporation (033640) | $120.68 Billion | 0.00% | 0.99x | $198.76 Million |
| EO Technics Co. Ltd (039030) | $163.17 Billion | 20.30% | 0.48x | $2.23 Billion |
| Hanmi Semicon (042700) | $127.29 Billion | 5.51% | 0.44x | $8.58 Billion |
| Gigalane Co Ltd (049080) | $64.66 Billion | -20.68% | 1.35x | $19.35 Million |