DAP Corporation (066900) - Net Assets
Based on the latest financial reports, DAP Corporation (066900) has net assets worth ₩102.40 Billion KRW (≈ $69.39 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 (₩234.96 Billion ≈ $159.23 Million USD) and total liabilities (₩132.57 Billion ≈ $89.84 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 066900 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩102.40 Billion |
| % of Total Assets | 43.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | -118.15% |
| 10-Year Change | -123.2% |
| Growth Volatility | 40.33 |
DAP Corporation - Net Assets Trend (2014–2025)
This chart illustrates how DAP Corporation's net assets have evolved over time, based on quarterly financial data. See DAP Corporation (066900) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for DAP Corporation (2014–2025)
The table below shows the annual net assets of DAP Corporation from 2014 to 2025. For live valuation and market cap data, see DAP Corporation (066900) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩-20.77 Billion ≈ $-14.08 Million |
-132.43% |
| 2024-12-31 | ₩64.05 Billion ≈ $43.40 Million |
-33.92% |
| 2023-12-31 | ₩96.93 Billion ≈ $65.69 Million |
-23.98% |
| 2022-12-31 | ₩127.50 Billion ≈ $86.41 Million |
+11.44% |
| 2021-12-31 | ₩114.42 Billion ≈ $77.54 Million |
+9.26% |
| 2020-12-31 | ₩104.72 Billion ≈ $70.97 Million |
+4.09% |
| 2019-12-31 | ₩100.61 Billion ≈ $68.18 Million |
-2.19% |
| 2018-12-31 | ₩102.86 Billion ≈ $69.70 Million |
+7.99% |
| 2017-12-31 | ₩95.25 Billion ≈ $64.55 Million |
+6.39% |
| 2016-12-31 | ₩89.53 Billion ≈ $60.67 Million |
+2.50% |
| 2015-12-31 | ₩87.35 Billion ≈ $59.19 Million |
+9.71% |
| 2014-12-31 | ₩79.62 Billion ≈ $53.96 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to DAP Corporation'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 74.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩16.72 Billion | 320.21% |
| Total Equity | ₩5.22 Billion | 100.00% |
DAP Corporation Competitors by Market Cap
The table below lists competitors of DAP Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BBC Co. Ltd.
KQ:318410
|
$22.55 Million |
|
Sinergi Megah Internusa Tbk PT
JK:NUSA
|
$22.56 Million |
|
Romcarbon Sa B
RO:ROCE
|
$22.56 Million |
|
Andalan Perkasa Abadi Tbk PT
JK:NASA
|
$22.57 Million |
|
Keller Group PLC
LSE:KLR
|
$22.54 Million |
|
SyntekaBio Inc
KQ:226330
|
$22.54 Million |
|
Hateks Hatay Tekstil Isletmeleri AS
IS:HATEK
|
$22.53 Million |
|
Euroholdings Ltd.
NASDAQ:EHLD
|
$22.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DAP Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 64,048,214,630 to 5,222,168,290, a change of -58,826,046,340 (-91.8%).
- Net loss of 50,438,007,340 reduced equity.
- Share repurchases of 1,752,964,500 reduced equity.
- New share issuances of 1,528,555,960 increased equity.
- Other factors decreased equity by 8,163,630,460.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-50.44 Billion | -965.84% |
| Share Repurchases | ₩1.75 Billion | -33.57% |
| Share Issuances | ₩1.53 Billion | +29.27% |
| Other Changes | ₩-8.16 Billion | -156.33% |
| Total Change | ₩- | -91.85% |
Book Value vs Market Value Analysis
This analysis compares DAP Corporation'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: 5.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.37x to 5.54x 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 | ₩4813.20 | ₩1798.00 | x |
| 2017-12-31 | ₩5120.81 | ₩1798.00 | x |
| 2018-12-31 | ₩5574.06 | ₩1798.00 | x |
| 2019-12-31 | ₩5558.24 | ₩1798.00 | x |
| 2020-12-31 | ₩5949.74 | ₩1798.00 | x |
| 2021-12-31 | ₩6500.88 | ₩1798.00 | x |
| 2022-12-31 | ₩7244.40 | ₩1798.00 | x |
| 2023-12-31 | ₩6054.50 | ₩1798.00 | x |
| 2024-12-31 | ₩3808.97 | ₩1798.00 | x |
| 2025-12-31 | ₩324.35 | ₩1798.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DAP Corporation 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): -965.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.29%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 106.36x
- Recent ROE (-965.84%) is below the historical average (-82.10%), 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 | -2.15% | -0.79% | 0.76x | 3.57x | ₩-9.68 Billion |
| 2015 | 8.74% | 2.98% | 1.02x | 2.88x | ₩-1.10 Billion |
| 2016 | 2.73% | 0.99% | 1.04x | 2.67x | ₩-6.51 Billion |
| 2017 | 5.54% | 1.77% | 1.30x | 2.41x | ₩-4.25 Billion |
| 2018 | 7.30% | 2.47% | 1.39x | 2.13x | ₩-2.77 Billion |
| 2019 | 0.99% | 0.37% | 1.20x | 2.24x | ₩-9.06 Billion |
| 2020 | 4.79% | 1.66% | 1.35x | 2.13x | ₩-5.46 Billion |
| 2021 | 7.13% | 2.65% | 1.37x | 1.96x | ₩-3.29 Billion |
| 2022 | 7.15% | 2.73% | 1.26x | 2.07x | ₩-3.63 Billion |
| 2023 | -10.84% | -2.86% | 1.23x | 3.08x | ₩-22.21 Billion |
| 2024 | -50.79% | -6.65% | 1.35x | 5.66x | ₩-38.94 Billion |
| 2025 | -965.84% | -9.29% | 0.98x | 106.36x | ₩-50.96 Billion |
Industry Comparison
This section compares DAP Corporation's net assets metrics with peer companies in the Semiconductors & Semiconductor Equipment industry.
Industry Context
- Industry: Semiconductors & Semiconductor Equipment
- Average net assets among peers: $92,481,208,211
- Average return on equity (ROE) among peers: -2.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DAP Corporation (066900) | ₩102.40 Billion | -2.15% | 1.29x | $22.54 Million |
| PSK HOLDINGS Inc (031980) | $114.04 Billion | 7.36% | 0.10x | $445.83 Million |
| Fidelix Co. Ltd (032580) | $49.07 Billion | 16.81% | 0.18x | $96.78 Million |
| Cloud Air Co.Ltd (036170) | $105.14 Billion | 1.44% | 0.03x | $82.54 Million |
| UNISEM Co. Ltd (036200) | $52.10 Billion | 3.39% | 0.86x | $219.23 Million |
| JUSUNG ENGINEERING Co. Ltd (036930) | $227.40 Billion | -3.61% | 1.42x | $6.95 Billion |
| Lumens Co. Ltd (038060) | $95.10 Billion | -18.33% | 1.51x | $27.65 Million |
| iA Inc (038880) | $58.90 Billion | -58.32% | 0.80x | $102.39 Million |
| meerecompany Incorporated (049950) | $103.36 Billion | 19.11% | 0.37x | $55.52 Million |
| I&C Technology Co. Ltd (052860) | $43.35 Billion | 3.65% | 0.46x | $56.95 Million |
| KMH Hitech Co. Ltd (052900) | $76.34 Billion | 2.05% | 0.31x | $44.57 Million |
About DAP Corporation
DAP Corporation provides printed circuit boards South Korea and internationally. Its products are used in mobile phones, tablet PCs, wearables, and automobiles. The company also provides construction equipment, such as CNC drill, laser drill, router, oxide, lay-up, hot press, desmear, chemical plating, electrolytic plating, exposure, etching, AOI, photo solder resist, electroness nikel immersion … Read more