BH Co Ltd (090460) - Net Assets
Based on the latest financial reports, BH Co Ltd (090460) has net assets worth ₩560.73 Billion KRW (≈ $380.00 Million USD) as of December 2022. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.01 Trillion ≈ $682.64 Million USD) and total liabilities (₩446.59 Billion ≈ $302.65 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 090460 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩560.73 Billion |
| % of Total Assets | 55.67% |
| Annual Growth Rate | 26.4% |
| 5-Year Change | 198.4% |
| 10-Year Change | 529.33% |
| Growth Volatility | 20.65 |
BH Co Ltd - Net Assets Trend (2010–2022)
This chart illustrates how BH Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 090460 total asset value for the complete picture of this company's asset base.
Annual Net Assets for BH Co Ltd (2010–2022)
The table below shows the annual net assets of BH Co Ltd from 2010 to 2022. For live valuation and market cap data, see 090460 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₩560.73 Billion ≈ $380.00 Million |
+37.44% |
| 2021-12-31 | ₩407.98 Billion ≈ $276.48 Million |
+28.71% |
| 2020-12-31 | ₩316.98 Billion ≈ $214.81 Million |
+13.43% |
| 2019-12-31 | ₩279.46 Billion ≈ $189.38 Million |
+48.72% |
| 2018-12-31 | ₩187.91 Billion ≈ $127.34 Million |
+23.01% |
| 2017-12-31 | ₩152.76 Billion ≈ $103.52 Million |
+44.06% |
| 2016-12-31 | ₩106.03 Billion ≈ $71.86 Million |
-1.41% |
| 2015-12-31 | ₩107.56 Billion ≈ $72.89 Million |
+5.82% |
| 2014-12-31 | ₩101.64 Billion ≈ $68.88 Million |
+14.08% |
| 2013-12-31 | ₩89.10 Billion ≈ $60.38 Million |
+26.02% |
| 2012-12-31 | ₩70.70 Billion ≈ $47.91 Million |
+18.10% |
| 2011-12-31 | ₩59.86 Billion ≈ $40.57 Million |
+77.50% |
| 2010-12-31 | ₩33.73 Billion ≈ $22.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BH 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 48788405049000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩487.88 Billion | 87.01% |
| Common Stock | ₩17.23 Billion | 3.07% |
| Other Components | ₩55.61 Billion | 9.92% |
| Total Equity | ₩560.73 Billion | 100.00% |
BH Co Ltd Competitors by Market Cap
The table below lists competitors of BH Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Baazar Style Retail Limited
NSE:STYLEBAAZA
|
$313.62 Million |
|
Haymaker Acquisition Corp. 4
NYSE:HYAC
|
$313.64 Million |
|
Carindale Property Trust
AU:CDP
|
$313.78 Million |
|
Real Matters Inc
TO:REAL
|
$313.83 Million |
|
Yulie Sekurindo Tbk
JK:YULE
|
$313.44 Million |
|
Kosy JSC
VN:KOS
|
$313.37 Million |
|
Transcontinental Realty Investors
NYSE:TCI
|
$313.26 Million |
|
Deceuninck
BR:DECB
|
$313.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BH Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 407,976,854,060 to 560,728,357,910, a change of 152,751,503,850 (37.4%).
- Net income of 143,917,848,150 contributed positively to equity growth.
- Dividend payments of 7,805,896,000 reduced retained earnings.
- Share repurchases of 15,186,334,350 reduced equity.
- Other factors increased equity by 31,825,886,050.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩143.92 Billion | +25.67% |
| Dividends Paid | ₩7.81 Billion | -1.39% |
| Share Repurchases | ₩15.19 Billion | -2.71% |
| Other Changes | ₩31.83 Billion | +5.68% |
| Total Change | ₩- | 37.44% |
Book Value vs Market Value Analysis
This analysis compares BH 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: 0.89x
- 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 4.58x to 0.89x 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 | ₩3434.95 | ₩15730.00 | x |
| 2017-12-31 | ₩4885.14 | ₩15730.00 | x |
| 2018-12-31 | ₩6526.19 | ₩15730.00 | x |
| 2019-12-31 | ₩9233.89 | ₩15730.00 | x |
| 2020-12-31 | ₩10262.75 | ₩15730.00 | x |
| 2021-12-31 | ₩13066.31 | ₩15730.00 | x |
| 2022-12-31 | ₩17691.76 | ₩15730.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BH 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): 25.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.56%
- • Asset Turnover: 1.67x
- • Equity Multiplier: 1.80x
- Recent ROE (25.67%) is above the historical average (16.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 2.56% | 0.84% | 0.91x | 3.36x | ₩-2.51 Billion |
| 2011 | 14.41% | 5.64% | 1.03x | 2.47x | ₩2.64 Billion |
| 2012 | 19.89% | 6.12% | 1.27x | 2.57x | ₩6.99 Billion |
| 2013 | 24.83% | 5.84% | 1.64x | 2.59x | ₩13.21 Billion |
| 2014 | 12.51% | 4.03% | 1.20x | 2.60x | ₩2.55 Billion |
| 2015 | 8.08% | 2.38% | 1.10x | 3.09x | ₩-2.06 Billion |
| 2016 | -23.10% | -6.59% | 1.20x | 2.93x | ₩-35.10 Billion |
| 2017 | 30.36% | 6.71% | 1.33x | 3.40x | ₩31.11 Billion |
| 2018 | 44.66% | 10.93% | 1.63x | 2.50x | ₩65.13 Billion |
| 2019 | 20.25% | 8.64% | 1.37x | 1.71x | ₩28.66 Billion |
| 2020 | 8.17% | 3.59% | 1.29x | 1.77x | ₩-5.79 Billion |
| 2021 | 20.03% | 7.88% | 1.31x | 1.94x | ₩40.94 Billion |
| 2022 | 25.67% | 8.56% | 1.67x | 1.80x | ₩87.85 Billion |
Industry Comparison
This section compares BH Co Ltd's net assets metrics with peer companies in the Semiconductors & Semiconductor Equipment industry.
Industry Context
- Industry: Semiconductors & Semiconductor Equipment
- Average net assets among peers: $107,576,370,702
- Average return on equity (ROE) among peers: 2.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BH Co Ltd (090460) | ₩560.73 Billion | 2.56% | 0.80x | $313.51 Million |
| PSK HOLDINGS Inc (031980) | $251.54 Billion | 18.53% | 0.22x | $459.89 Million |
| Fidelix Co. Ltd (032580) | $47.55 Billion | -4.64% | 0.19x | $22.13 Million |
| Cloud Air Co.Ltd (036170) | $123.98 Billion | 4.45% | 0.01x | $148.12 Million |
| UNISEM Co. Ltd (036200) | $69.04 Billion | 9.31% | 0.39x | $225.30 Million |
| JUSUNG ENGINEERING Co. Ltd (036930) | $227.31 Billion | 14.60% | 1.13x | $4.12 Billion |
| Lumens Co. Ltd (038060) | $117.34 Billion | -52.77% | 1.37x | $37.16 Million |
| iA Inc (038880) | $59.39 Billion | 2.85% | 0.84x | $149.31 Million |
| meerecompany Incorporated (049950) | $104.04 Billion | 6.18% | 0.54x | $79.45 Million |
| I&C Technology Co. Ltd (052860) | $39.52 Billion | 15.33% | 0.57x | $66.41 Million |
| KMH Hitech Co. Ltd (052900) | $36.06 Billion | 7.34% | 0.51x | $37.41 Million |
About BH Co Ltd
BH Co., Ltd. manufactures and sells flexible printed circuit boards (FPCB) and its application parts. The company provides single side, double side, multi-layer, build up, and rigid FPCBs for use in LCD module, PDP drive, interstitial via hole, and high density interconnector applications. BH Co., Ltd. was founded in 1999 and is headquartered in Incheon, South Korea.