TES Co. Ltd (095610) - Net Assets
Based on the latest financial reports, TES Co. Ltd (095610) has net assets worth ₩410.03 Billion KRW (≈ $277.87 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 (₩538.50 Billion ≈ $364.93 Million USD) and total liabilities (₩128.46 Billion ≈ $87.06 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. Also explore TES Co. Ltd assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩410.03 Billion |
| % of Total Assets | 76.14% |
| Annual Growth Rate | 16.26% |
| 5-Year Change | 32.82% |
| 10-Year Change | 164.45% |
| Growth Volatility | 15.67 |
TES Co. Ltd - Net Assets Trend (2013–2025)
This chart illustrates how TES Co. Ltd's net assets have evolved over time, based on quarterly financial data. Check 095610 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for TES Co. Ltd (2013–2025)
The table below shows the annual net assets of TES Co. Ltd from 2013 to 2025. For live valuation and market cap data, see TES Co. Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩391.75 Billion ≈ $265.49 Million |
+18.52% |
| 2024-12-31 | ₩330.54 Billion ≈ $224.00 Million |
+10.59% |
| 2023-12-31 | ₩298.90 Billion ≈ $202.56 Million |
-2.53% |
| 2022-12-31 | ₩306.67 Billion ≈ $207.83 Million |
+3.98% |
| 2021-12-31 | ₩294.95 Billion ≈ $199.88 Million |
+24.71% |
| 2020-12-31 | ₩236.50 Billion ≈ $160.27 Million |
+10.04% |
| 2019-12-31 | ₩214.92 Billion ≈ $145.65 Million |
+1.17% |
| 2018-12-31 | ₩212.43 Billion ≈ $143.96 Million |
+12.03% |
| 2017-12-31 | ₩189.62 Billion ≈ $128.50 Million |
+28.00% |
| 2016-12-31 | ₩148.14 Billion ≈ $100.39 Million |
+57.46% |
| 2015-12-31 | ₩94.08 Billion ≈ $63.76 Million |
+12.03% |
| 2014-12-31 | ₩83.98 Billion ≈ $56.91 Million |
+30.74% |
| 2013-12-31 | ₩64.24 Billion ≈ $43.53 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TES 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 51423.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩356.34 Billion | 90.96% |
| Other Components | ₩35.42 Billion | 9.04% |
| Total Equity | ₩391.75 Billion | 100.00% |
TES Co. Ltd Competitors by Market Cap
The table below lists competitors of TES Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Jammu & Kashmir Bank Limited
NSE:J&KBANK
|
$2.07 Billion |
|
Gränges AB (publ)
ST:GRNG
|
$2.07 Billion |
|
China Automotive Engineering Research Institute Co Ltd
SHG:601965
|
$2.07 Billion |
|
Solar Applied Materials Technology
TWO:1785
|
$2.07 Billion |
|
Greencore Group plc
F:GCG
|
$2.06 Billion |
|
Aether Industries Limited
NSE:AETHER
|
$2.06 Billion |
|
Micro Tech Nanjing Co Ltd
SHG:688029
|
$2.06 Billion |
|
Chongqing Rural Commercial Bank Co. Ltd
F:C3B
|
$2.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TES Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 330,537,992,250 to 391,753,766,500, a change of 61,215,774,250 (18.5%).
- Net income of 56,917,796,570 contributed positively to equity growth.
- Dividend payments of 10,524,735,600 reduced retained earnings.
- Other factors increased equity by 14,822,713,280.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩56.92 Billion | +14.53% |
| Dividends Paid | ₩10.52 Billion | -2.69% |
| Other Changes | ₩14.82 Billion | +3.78% |
| Total Change | ₩- | 18.52% |
Book Value vs Market Value Analysis
This analysis compares TES 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: 6.90x
- 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 20.18x to 6.90x 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 | ₩7634.63 | ₩154100.00 | x |
| 2017-12-31 | ₩9731.06 | ₩154100.00 | x |
| 2018-12-31 | ₩11072.35 | ₩154100.00 | x |
| 2019-12-31 | ₩11202.02 | ₩154100.00 | x |
| 2020-12-31 | ₩12520.58 | ₩154100.00 | x |
| 2021-12-31 | ₩15906.45 | ₩154100.00 | x |
| 2022-12-31 | ₩16919.13 | ₩154100.00 | x |
| 2023-12-31 | ₩17039.78 | ₩154100.00 | x |
| 2024-12-31 | ₩18843.49 | ₩154100.00 | x |
| 2025-12-31 | ₩22333.32 | ₩154100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TES 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): 14.53%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.21%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.24x
- Recent ROE (14.53%) is below the historical average (14.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.76% | 7.43% | 0.73x | 1.43x | ₩-1.44 Billion |
| 2014 | 17.47% | 13.36% | 0.99x | 1.32x | ₩6.27 Billion |
| 2015 | 13.34% | 12.51% | 0.83x | 1.28x | ₩3.15 Billion |
| 2016 | 21.14% | 17.50% | 0.97x | 1.25x | ₩16.50 Billion |
| 2017 | 28.65% | 19.70% | 1.14x | 1.28x | ₩35.36 Billion |
| 2018 | 19.96% | 14.77% | 1.19x | 1.14x | ₩21.16 Billion |
| 2019 | 4.54% | 5.47% | 0.72x | 1.15x | ₩-11.74 Billion |
| 2020 | 12.69% | 12.20% | 0.89x | 1.16x | ₩6.37 Billion |
| 2021 | 25.09% | 19.72% | 1.11x | 1.14x | ₩44.49 Billion |
| 2022 | 15.25% | 13.06% | 1.06x | 1.10x | ₩16.10 Billion |
| 2023 | 0.52% | 1.07% | 0.46x | 1.08x | ₩-28.32 Billion |
| 2024 | 12.90% | 17.77% | 0.63x | 1.15x | ₩9.60 Billion |
| 2025 | 14.53% | 16.21% | 0.72x | 1.24x | ₩17.74 Billion |
Industry Comparison
This section compares TES 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: $86,420,798,824
- Average return on equity (ROE) among peers: 0.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TES Co. Ltd (095610) | ₩410.03 Billion | 7.76% | 0.31x | $2.06 Billion |
| PSK HOLDINGS Inc (031980) | $114.04 Billion | 7.36% | 0.10x | $447.68 Million |
| Fidelix Co. Ltd (032580) | $29.79 Billion | 7.45% | 0.71x | $77.75 Million |
| Cloud Air Co.Ltd (036170) | $134.94 Billion | 8.09% | 0.21x | $59.01 Million |
| UNISEM Co. Ltd (036200) | $199.44 Billion | 9.82% | 0.18x | $154.18 Million |
| JUSUNG ENGINEERING Co. Ltd (036930) | $93.76 Billion | 0.00% | 0.49x | $5.36 Billion |
| Lumens Co. Ltd (038060) | $95.10 Billion | -18.33% | 1.51x | $22.04 Million |
| iA Inc (038880) | $24.15 Billion | 0.00% | 1.77x | $580.74 Million |
| meerecompany Incorporated (049950) | $96.75 Billion | -14.96% | 0.26x | $49.29 Million |
| I&C Technology Co. Ltd (052860) | $43.35 Billion | 3.65% | 0.46x | $48.35 Million |
| KMH Hitech Co. Ltd (052900) | $32.88 Billion | 0.00% | 1.30x | $35.70 Million |
About TES Co. Ltd
TES Co., Ltd. manufactures and sells semiconductors, displays, and compound semiconductor equipment. It offers PECVD, dry cleaning, and single LPCVD products for semiconductors; display and OLED pathfinder series products; and HESTIA series products for optoelectronics. The company was founded in 2002 and is headquartered in Yongin, South Korea.