UniTest Incorporation (086390) - Net Assets

Latest as of September 2025: ₩106.31 Billion KRW ≈ $72.05 Million USD

Based on the latest financial reports, UniTest Incorporation (086390) has net assets worth ₩106.31 Billion KRW (≈ $72.05 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩185.44 Billion ≈ $125.67 Million USD) and total liabilities (₩79.12 Billion ≈ $53.62 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 UniTest Incorporation (086390) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩106.31 Billion
% of Total Assets	57.33%
Annual Growth Rate	9.75%
5-Year Change	-23.28%
10-Year Change	82.2%
Growth Volatility	26.78

UniTest Incorporation - Net Assets Trend (2011–2024)

This chart illustrates how UniTest Incorporation's net assets have evolved over time, based on quarterly financial data. Also explore how large is UniTest Incorporation's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for UniTest Incorporation (2011–2024)

The table below shows the annual net assets of UniTest Incorporation from 2011 to 2024. For live valuation and market cap data, see UniTest Incorporation stock valuation.

Year	Net Assets	Change
2024-12-31	₩118.37 Billion ≈ $80.22 Million	-20.11%
2023-12-31	₩148.16 Billion ≈ $100.41 Million	+4.32%
2022-12-31	₩142.03 Billion ≈ $96.25 Million	-5.89%
2021-12-31	₩150.91 Billion ≈ $102.27 Million	-2.19%
2020-12-31	₩154.29 Billion ≈ $104.56 Million	-3.21%
2019-12-31	₩159.41 Billion ≈ $108.03 Million	+13.60%
2018-12-31	₩140.32 Billion ≈ $95.10 Million	+51.40%
2017-12-31	₩92.69 Billion ≈ $62.81 Million	+28.65%
2016-12-31	₩72.05 Billion ≈ $48.82 Million	+10.90%
2015-12-31	₩64.97 Billion ≈ $44.03 Million	+68.09%
2014-12-31	₩38.65 Billion ≈ $26.19 Million	+43.54%
2013-12-31	₩26.93 Billion ≈ $18.25 Million	-25.75%
2012-12-31	₩36.27 Billion ≈ $24.58 Million	+2.67%
2011-12-31	₩35.32 Billion ≈ $23.94 Million	--

Equity Component Analysis

This analysis shows how different components contribute to UniTest Incorporation'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 156722.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩80.77 Billion	68.24%
Common Stock	₩10.57 Billion	8.93%
Other Components	₩27.03 Billion	22.83%
Total Equity	₩118.37 Billion	100.00%

UniTest Incorporation Competitors by Market Cap

The table below lists competitors of UniTest Incorporation ranked by their market capitalization.

Company	Market Cap
Agora Inc NASDAQ:API	$265.61 Million
Calamos LongShort Equity & Dynamic Income Trust NASDAQ:CPZ	$265.62 Million
Fujian Sanmu Group Co Ltd SHE:000632	$265.67 Million
Abrdn Emerging Markets Equity Income Fund Inc NYSE MKT:AEF	$265.69 Million
Imperial Brands PLC LSE:IMB	$265.58 Million
JIUMAOJIU INTL HLDGS LTD F:3YU	$265.56 Million
So-Young International Inc NASDAQ:SY	$265.56 Million
Pecca Group Bhd KLSE:5271	$265.55 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in UniTest Incorporation's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 147,813,320,790 to 118,368,686,120, a change of -29,444,634,670 (-19.9%).
Net loss of 26,457,781,120 reduced equity.
Dividend payments of 4,014,411,640 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩-26.46 Billion	-22.35%
Dividends Paid	₩4.01 Billion	-3.39%
Other Changes	₩1.03 Billion	+0.87%
Total Change	₩-	-19.92%

Book Value vs Market Value Analysis

This analysis compares UniTest Incorporation'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: 3.33x
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 decreased from 5.46x to 3.33x 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	₩3555.27	₩19400.00	x
2017-12-31	₩4573.79	₩19400.00	x
2018-12-31	₩6924.61	₩19400.00	x
2019-12-31	₩7828.11	₩19400.00	x
2020-12-31	₩7577.09	₩19400.00	x
2021-12-31	₩7422.22	₩19400.00	x
2022-12-31	₩6985.04	₩19400.00	x
2023-12-31	₩7269.69	₩19400.00	x
2024-12-31	₩5821.56	₩19400.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently UniTest Incorporation 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): -22.35%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -28.62%
• Asset Turnover: 0.50x
• Equity Multiplier: 1.56x
Recent ROE (-22.35%) is below the historical average (11.78%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	23.40%	16.10%	0.70x	2.08x	₩4.72 Billion
2012	6.51%	5.42%	0.67x	1.80x	₩-1.26 Billion
2014	16.75%	10.37%	0.77x	2.10x	₩2.62 Billion
2015	39.83%	19.38%	1.32x	1.55x	₩19.38 Billion
2016	11.62%	7.17%	1.11x	1.46x	₩1.17 Billion
2017	26.07%	14.34%	1.13x	1.62x	₩14.90 Billion
2018	37.32%	18.55%	1.49x	1.35x	₩38.34 Billion
2019	16.01%	12.87%	1.01x	1.23x	₩9.58 Billion
2020	1.08%	1.34%	0.62x	1.29x	₩-13.77 Billion
2021	-3.97%	-5.23%	0.56x	1.36x	₩-21.08 Billion
2022	-3.74%	-4.30%	0.65x	1.34x	₩-19.52 Billion
2023	4.57%	4.02%	0.85x	1.33x	₩-8.03 Billion
2024	-22.35%	-28.62%	0.50x	1.56x	₩-38.29 Billion

Industry Comparison

This section compares UniTest Incorporation's net assets metrics with peer companies in the Semiconductors & Semiconductor Equipment industry.

Industry Context

Industry: Semiconductors & Semiconductor Equipment
Average net assets among peers: $126,078,290,517
Average return on equity (ROE) among peers: 2.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
UniTest Incorporation (086390)	₩106.31 Billion	23.40%	0.74x	$265.60 Million
PSK HOLDINGS Inc (031980)	$182.82 Billion	7.45%	0.13x	$488.38 Million
Fidelix Co. Ltd (032580)	$35.12 Billion	1.21%	0.96x	$23.11 Million
Cloud Air Co.Ltd (036170)	$105.14 Billion	1.44%	0.03x	$160.62 Million
UNISEM Co. Ltd (036200)	$63.88 Billion	5.09%	0.47x	$238.43 Million
JUSUNG ENGINEERING Co. Ltd (036930)	$484.61 Billion	21.91%	0.72x	$4.14 Billion
Lumens Co. Ltd (038060)	$179.06 Billion	-17.75%	0.86x	$38.42 Million
iA Inc (038880)	$96.72 Billion	-2.73%	0.71x	$155.58 Million
meerecompany Incorporated (049950)	$59.57 Billion	23.24%	0.72x	$80.04 Million
I&C Technology Co. Ltd (052860)	$47.42 Billion	-12.89%	0.33x	$67.79 Million
KMH Hitech Co. Ltd (052900)	$6.44 Billion	0.00%	9.67x	$38.73 Million

About UniTest Incorporation

KQ:086390 Korea Semiconductors & Semiconductor Equipment

Market Cap

$265.60 Million

₩391.92 Billion KRW

Market Cap Rank

#15470 Global

#593 in Korea

Share Price

₩19400.00

Change (1 day)

+5.66%

52-Week Range

₩9950.00 - ₩22700.00

All Time High

₩32000.00