ESTec Corporation
ESTec Corporation manufactures and sells automotive speakers in South Korea and internationally. It also offers TV/display and audio speakers, and earphones and headphones for automobiles, TVs, and home audio systems. The company was founded in 1971 and is headquartered in Yangsan-si, South Korea.
ESTec Corporation (069510) - Net Assets
Latest net assets as of September 2025: ₩220.45 Billion KRW
Based on the latest financial reports, ESTec Corporation (069510) has net assets worth ₩220.45 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 (₩348.07 Billion) and total liabilities (₩127.62 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 | ₩220.45 Billion |
| % of Total Assets | 63.33% |
| Annual Growth Rate | 8.97% |
| 5-Year Change | 29.62% |
| 10-Year Change | 81.81% |
| Growth Volatility | 16.24 |
ESTec Corporation - Net Assets Trend (2003–2024)
This chart illustrates how ESTec Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ESTec Corporation (2003–2024)
The table below shows the annual net assets of ESTec Corporation from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩203.51 Billion | +30.64% |
| 2023-12-31 | ₩155.78 Billion | +11.68% |
| 2022-12-31 | ₩139.49 Billion | +9.93% |
| 2021-12-31 | ₩126.89 Billion | -19.18% |
| 2020-12-31 | ₩157.00 Billion | +1.95% |
| 2019-12-31 | ₩153.99 Billion | +10.81% |
| 2018-12-31 | ₩138.97 Billion | +11.66% |
| 2017-12-31 | ₩124.46 Billion | +0.25% |
| 2016-12-31 | ₩124.15 Billion | +10.91% |
| 2015-12-31 | ₩111.94 Billion | +11.18% |
| 2014-12-31 | ₩100.68 Billion | +11.57% |
| 2013-12-31 | ₩90.24 Billion | +7.84% |
| 2012-12-31 | ₩83.68 Billion | +5.43% |
| 2011-12-31 | ₩79.37 Billion | +20.98% |
| 2010-12-31 | ₩65.61 Billion | +41.21% |
| 2009-12-31 | ₩46.46 Billion | +24.12% |
| 2008-12-31 | ₩37.43 Billion | +27.96% |
| 2007-12-31 | ₩29.25 Billion | +24.66% |
| 2006-12-31 | ₩23.47 Billion | -0.84% |
| 2005-12-31 | ₩23.67 Billion | -35.99% |
| 2004-12-31 | ₩36.97 Billion | +10.28% |
| 2003-12-31 | ₩33.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ESTec 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 grown by 19595845809000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩195.96 Billion | 96.29% |
| Common Stock | ₩5.46 Billion | 2.68% |
| Other Components | ₩2.10 Billion | 1.03% |
| Total Equity | ₩203.51 Billion | 100.00% |
ESTec Corporation Competitors by Market Cap
The table below lists competitors of ESTec Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chung Fu Tex-International Corp
TW:1435
|
$30.53 Million |
|
Malin Corporation plc
IR:MLC
|
$30.54 Million |
|
PHN
F:2PN
|
$30.54 Million |
|
Very Good Tour Co. Ltd
KQ:094850
|
$30.55 Million |
|
Ribbon Acquisition Corp Class A Ordinary Shares
NASDAQ:RIBB
|
$30.51 Million |
|
TTK Healthcare Limited
NSE:TTKHLTCARE
|
$30.49 Million |
|
KCC Engineering & Construction Co. Ltd
KQ:021320
|
$30.49 Million |
|
Torrid Holdings Inc
NYSE:CURV
|
$30.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ESTec Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 155,775,482,550 to 203,509,360,270, a change of 47,733,877,720 (30.6%).
- Net income of 46,266,954,140 contributed positively to equity growth.
- Dividend payments of 4,205,000,000 reduced retained earnings.
- Other factors increased equity by 5,671,923,580.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩46.27 Billion | +22.73% |
| Dividends Paid | ₩4.21 Billion | -2.07% |
| Other Changes | ₩5.67 Billion | +2.79% |
| Total Change | ₩- | 30.64% |
Book Value vs Market Value Analysis
This analysis compares ESTec 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: 0.61x
- 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 decreased from 1.01x to 0.61x 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 | ₩14761.81 | ₩14880.00 | x |
| 2017-12-31 | ₩14798.53 | ₩14880.00 | x |
| 2018-12-31 | ₩16524.01 | ₩14880.00 | x |
| 2019-12-31 | ₩18310.57 | ₩14880.00 | x |
| 2020-12-31 | ₩18668.49 | ₩14880.00 | x |
| 2021-12-31 | ₩15088.45 | ₩14880.00 | x |
| 2022-12-31 | ₩16586.15 | ₩14880.00 | x |
| 2023-12-31 | ₩18522.65 | ₩14880.00 | x |
| 2024-12-31 | ₩24198.50 | ₩14880.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ESTec 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): 22.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.08%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 1.91x
- Recent ROE (22.73%) is above the historical average (12.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 21.14% | 7.78% | 1.42x | 1.91x | ₩3.73 Billion |
| 2004 | 10.38% | 3.46% | 1.55x | 1.94x | ₩140.56 Million |
| 2005 | 6.56% | 1.66% | 1.20x | 3.29x | ₩-813.02 Million |
| 2006 | 2.98% | 0.67% | 1.50x | 2.98x | ₩-1.65 Billion |
| 2007 | 22.03% | 5.54% | 1.69x | 2.36x | ₩3.52 Billion |
| 2008 | 12.95% | 3.25% | 1.85x | 2.15x | ₩1.10 Billion |
| 2009 | 25.14% | 6.69% | 2.08x | 1.81x | ₩7.03 Billion |
| 2010 | 34.10% | 10.69% | 1.82x | 1.75x | ₩15.81 Billion |
| 2011 | 15.30% | 5.44% | 1.69x | 1.67x | ₩4.21 Billion |
| 2012 | 10.56% | 4.20% | 1.58x | 1.59x | ₩469.89 Million |
| 2013 | 11.18% | 4.54% | 1.49x | 1.66x | ₩1.06 Billion |
| 2014 | 12.93% | 4.74% | 1.59x | 1.72x | ₩2.95 Billion |
| 2015 | 12.67% | 5.25% | 1.52x | 1.58x | ₩2.99 Billion |
| 2016 | 11.88% | 5.08% | 1.52x | 1.54x | ₩2.33 Billion |
| 2017 | 7.96% | 3.30% | 1.63x | 1.48x | ₩-2.54 Billion |
| 2018 | 14.36% | 6.51% | 1.57x | 1.40x | ₩6.06 Billion |
| 2019 | 11.17% | 5.09% | 1.58x | 1.39x | ₩1.80 Billion |
| 2020 | 7.76% | 3.90% | 1.39x | 1.43x | ₩-3.51 Billion |
| 2021 | -27.45% | -10.54% | 1.32x | 1.97x | ₩-47.53 Billion |
| 2022 | 6.84% | 2.04% | 1.84x | 1.82x | ₩-4.41 Billion |
| 2023 | 13.90% | 5.22% | 1.55x | 1.72x | ₩6.08 Billion |
| 2024 | 22.73% | 9.08% | 1.31x | 1.91x | ₩25.92 Billion |
Industry Comparison
This section compares ESTec Corporation's net assets metrics with peer companies in the Automobiles & Auto Parts industry.
Industry Context
- Industry: Automobiles & Auto Parts
- Average net assets among peers: $69,218,512,572
- Average return on equity (ROE) among peers: -0.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ESTec Corporation (069510) | ₩220.45 Billion | 21.14% | 0.58x | $30.52 Million |
| CBI Co. Ltd (013720) | $30.17 Billion | -40.70% | 1.54x | $40.80 Million |
| Ilji Technology Co. Ltd (019540) | $122.84 Billion | -2.81% | 1.81x | $31.01 Million |
| CNH Co. Ltd (023460) | $96.88 Billion | 3.26% | 2.48x | $122.68K |
| Hanil Forging Industrial Co. Ltd (024740) | $68.01 Billion | 4.18% | 0.95x | $45.82 Million |
| HRS Co. Ltd (036640) | $74.76 Billion | 5.31% | 0.30x | $29.83 Million |
| Ecoplastic Corporation (038110) | $74.25 Billion | 12.92% | 2.02x | $46.59 Million |
| Saedong Co.Ltd (053060) | $22.63 Billion | 0.00% | 2.08x | $10.63 Million |
| Guyoung Technology Co. Ltd (053270) | $83.43 Billion | 4.77% | 1.88x | $20.94 Million |
| Sambo Motors Co. Ltd (053700) | $50.01 Billion | 7.84% | 2.19x | $45.66 Million |