MAKUS Inc (093520) - Net Assets
Based on the latest financial reports, MAKUS Inc (093520) has net assets worth ₩121.32 Billion KRW (≈ $82.22 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 (₩260.21 Billion ≈ $176.34 Million USD) and total liabilities (₩138.88 Billion ≈ $94.12 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 strategic asset allocation of MAKUS Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩121.32 Billion |
| % of Total Assets | 46.63% |
| Annual Growth Rate | 13.26% |
| 5-Year Change | 100.62% |
| 10-Year Change | 179.52% |
| Growth Volatility | 13.84 |
MAKUS Inc - Net Assets Trend (2008–2024)
This chart illustrates how MAKUS Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of MAKUS Inc.
Annual Net Assets for MAKUS Inc (2008–2024)
The table below shows the annual net assets of MAKUS Inc from 2008 to 2024. Also explore net asset growth rate of MAKUS Inc to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩113.39 Billion ≈ $76.84 Million |
+10.75% |
| 2023-12-31 | ₩102.38 Billion ≈ $69.38 Million |
+9.51% |
| 2022-12-31 | ₩93.49 Billion ≈ $63.36 Million |
+17.35% |
| 2021-12-31 | ₩79.67 Billion ≈ $53.99 Million |
+40.96% |
| 2020-12-31 | ₩56.52 Billion ≈ $38.30 Million |
+7.01% |
| 2019-12-31 | ₩52.81 Billion ≈ $35.79 Million |
+1.14% |
| 2018-12-31 | ₩52.22 Billion ≈ $35.39 Million |
+10.24% |
| 2017-12-31 | ₩47.37 Billion ≈ $32.10 Million |
+14.47% |
| 2016-12-31 | ₩41.38 Billion ≈ $28.04 Million |
+2.02% |
| 2015-12-31 | ₩40.56 Billion ≈ $27.49 Million |
+6.84% |
| 2014-12-31 | ₩37.97 Billion ≈ $25.73 Million |
+14.52% |
| 2013-12-31 | ₩33.15 Billion ≈ $22.47 Million |
+18.64% |
| 2012-12-31 | ₩27.94 Billion ≈ $18.94 Million |
+18.17% |
| 2011-12-31 | ₩23.65 Billion ≈ $16.03 Million |
+52.84% |
| 2008-12-31 | ₩15.47 Billion ≈ $10.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to MAKUS Inc'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 181269.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩133.61 Billion | 118.02% |
| Common Stock | ₩8.08 Billion | 7.14% |
| Total Equity | ₩113.21 Billion | 100.00% |
MAKUS Inc Competitors by Market Cap
The table below lists competitors of MAKUS Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ive Group Ltd
AU:IGL
|
$257.78 Million |
|
Kosy JSC
VN:KOS
|
$257.85 Million |
|
Jiangsu Hongde Special Parts Co.Ltd.
SHE:301163
|
$258.04 Million |
|
Eltel AB
ST:ELTEL
|
$258.07 Million |
|
Econocom Group SA/NV
BR:ECONB
|
$257.59 Million |
|
Xiwang Foodstuffs Co Ltd
SHE:000639
|
$257.47 Million |
|
Tyro Payments Ltd
AU:TYR
|
$257.38 Million |
|
Hennessy Capital Investment Corp. VII Unit
NASDAQ:HVIIU
|
$257.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MAKUS Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 102,408,039,310 to 113,212,384,420, a change of 10,804,345,110 (10.6%).
- Net income of 20,042,470,930 contributed positively to equity growth.
- Dividend payments of 1,543,528,200 reduced retained earnings.
- Share repurchases of 6,840,304,120 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩20.04 Billion | +17.7% |
| Dividends Paid | ₩1.54 Billion | -1.36% |
| Share Repurchases | ₩6.84 Billion | -6.04% |
| Other Changes | ₩-854.29 Million | -0.75% |
| Total Change | ₩- | 10.55% |
Book Value vs Market Value Analysis
This analysis compares MAKUS Inc'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: 2.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.19x to 2.22x 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 | ₩2878.19 | ₩26450.00 | x |
| 2017-12-31 | ₩3413.35 | ₩26450.00 | x |
| 2018-12-31 | ₩3903.44 | ₩26450.00 | x |
| 2019-12-31 | ₩4101.05 | ₩26450.00 | x |
| 2020-12-31 | ₩4698.84 | ₩26450.00 | x |
| 2021-12-31 | ₩6623.45 | ₩26450.00 | x |
| 2022-12-31 | ₩8312.18 | ₩26450.00 | x |
| 2023-12-31 | ₩9656.49 | ₩26450.00 | x |
| 2024-12-31 | ₩11929.41 | ₩26450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MAKUS Inc 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): 17.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.04%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 3.61x
- Recent ROE (17.70%) is above the historical average (15.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 6.39% | 3.52% | 1.18x | 1.54x | ₩-558.43 Million |
| 2011 | 10.28% | 4.89% | 1.39x | 1.51x | ₩65.96 Million |
| 2012 | 15.05% | 8.39% | 0.98x | 1.84x | ₩1.41 Billion |
| 2013 | 13.59% | 6.97% | 1.07x | 1.83x | ₩1.19 Billion |
| 2014 | 13.44% | 8.03% | 1.02x | 1.64x | ₩1.31 Billion |
| 2015 | 11.75% | 6.48% | 0.93x | 1.95x | ₩710.62 Million |
| 2016 | 4.04% | 2.47% | 0.84x | 1.94x | ₩-2.46 Billion |
| 2017 | 19.33% | 10.48% | 1.03x | 1.79x | ₩4.42 Billion |
| 2018 | 17.84% | 10.39% | 1.03x | 1.67x | ₩4.09 Billion |
| 2019 | 9.06% | 8.32% | 0.57x | 1.91x | ₩-497.19 Million |
| 2020 | 14.09% | 9.17% | 0.91x | 1.69x | ₩2.31 Billion |
| 2021 | 31.34% | 17.74% | 0.97x | 1.82x | ₩17.00 Billion |
| 2022 | 23.67% | 11.42% | 0.68x | 3.07x | ₩12.78 Billion |
| 2023 | 19.77% | 11.54% | 0.60x | 2.87x | ₩10.00 Billion |
| 2024 | 17.70% | 10.04% | 0.49x | 3.61x | ₩8.72 Billion |
Industry Comparison
This section compares MAKUS Inc's net assets metrics with peer companies in the Semiconductors & Semiconductor Equipment industry.
Industry Context
- Industry: Semiconductors & Semiconductor Equipment
- Average net assets among peers: $140,142,335,732
- Average return on equity (ROE) among peers: 8.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MAKUS Inc (093520) | ₩121.32 Billion | 6.39% | 1.14x | $257.72 Million |
| PSK HOLDINGS Inc (031980) | $182.82 Billion | 7.45% | 0.13x | $617.50 Million |
| Fidelix Co. Ltd (032580) | $35.12 Billion | 1.21% | 0.96x | $84.04 Million |
| Cloud Air Co.Ltd (036170) | $118.67 Billion | 6.91% | 0.02x | $57.21 Million |
| UNISEM Co. Ltd (036200) | $147.17 Billion | 14.29% | 0.34x | $177.50 Million |
| JUSUNG ENGINEERING Co. Ltd (036930) | $566.59 Billion | 18.85% | 0.74x | $6.67 Billion |
| Lumens Co. Ltd (038060) | $111.44 Billion | 7.93% | 0.51x | $21.70 Million |
| iA Inc (038880) | $53.97 Billion | 0.00% | 0.30x | $504.33 Million |
| meerecompany Incorporated (049950) | $98.85 Billion | 28.50% | 0.67x | $52.13 Million |
| I&C Technology Co. Ltd (052860) | $80.36 Billion | 0.00% | 0.06x | $78.92 Million |
| KMH Hitech Co. Ltd (052900) | $6.44 Billion | 0.00% | 9.67x | $31.98 Million |
About MAKUS Inc
MAKUS, Inc. operates as a non-memory semiconductor solutions company in South Korea. The company sells and supports non-memory semiconductors, such as FPGA and analog semiconductors. It also distributes storage and server products. The company was founded in 1997 and is headquartered in Seoul, South Korea.