Smac Co. Ltd (097780) - Net Assets
Based on the latest financial reports, Smac Co. Ltd (097780) has net assets worth ₩212.19 Billion KRW (≈ $143.80 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 (₩235.01 Billion ≈ $159.26 Million USD) and total liabilities (₩22.83 Billion ≈ $15.47 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 Smac Co. Ltd balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩212.19 Billion |
| % of Total Assets | 90.29% |
| Annual Growth Rate | 13.2% |
| 5-Year Change | -24.25% |
| 10-Year Change | 114.88% |
| Growth Volatility | 34.17 |
Smac Co. Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Smac Co. Ltd's net assets have evolved over time, based on quarterly financial data. Check 097780 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Smac Co. Ltd (2008–2025)
The table below shows the annual net assets of Smac Co. Ltd from 2008 to 2025. For live valuation and market cap data, see Smac Co. Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩216.63 Billion ≈ $146.81 Million |
-13.88% |
| 2024-12-31 | ₩251.53 Billion ≈ $170.46 Million |
-5.26% |
| 2023-12-31 | ₩265.49 Billion ≈ $179.92 Million |
+13.26% |
| 2022-12-31 | ₩234.40 Billion ≈ $158.85 Million |
-18.04% |
| 2021-12-31 | ₩285.98 Billion ≈ $193.81 Million |
-1.21% |
| 2020-12-31 | ₩289.49 Billion ≈ $196.19 Million |
+30.86% |
| 2019-12-31 | ₩221.22 Billion ≈ $149.92 Million |
-1.83% |
| 2018-12-31 | ₩225.35 Billion ≈ $152.72 Million |
+64.37% |
| 2017-12-31 | ₩137.10 Billion ≈ $92.91 Million |
+35.99% |
| 2016-12-31 | ₩100.81 Billion ≈ $68.32 Million |
+32.01% |
| 2015-12-31 | ₩76.37 Billion ≈ $51.75 Million |
-35.95% |
| 2014-12-31 | ₩119.23 Billion ≈ $80.80 Million |
-10.57% |
| 2013-12-31 | ₩133.32 Billion ≈ $90.35 Million |
+24.62% |
| 2012-12-31 | ₩106.98 Billion ≈ $72.50 Million |
+27.73% |
| 2011-12-31 | ₩83.75 Billion ≈ $56.76 Million |
+96.46% |
| 2010-12-31 | ₩42.63 Billion ≈ $28.89 Million |
+71.02% |
| 2009-12-31 | ₩24.93 Billion ≈ $16.89 Million |
-5.33% |
| 2008-12-31 | ₩26.33 Billion ≈ $17.84 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Smac 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 1269.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.19 Billion | 0.57% |
| Other Components | ₩208.00 Billion | 99.43% |
| Total Equity | ₩209.19 Billion | 100.00% |
Smac Co. Ltd Competitors by Market Cap
The table below lists competitors of Smac Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tong Ming Enterprise Co Ltd
TW:5538
|
$208.87 Million |
|
Alta Equipment Group Inc
NYSE:ALTG
|
$208.88 Million |
|
DUG Technology Ltd
AU:DUG
|
$208.98 Million |
|
Indian Hume Pipe Company Limited
NSE:INDIANHUME
|
$209.12 Million |
|
SillaJen Inc
KQ:215600
|
$208.75 Million |
|
Investcorp Europe Acquisition I Corp
NASDAQ:IVCB
|
$208.74 Million |
|
Beijing Bohui Science & Technology Co Ltd
SHG:688004
|
$208.72 Million |
|
Transgene SA
PA:TNG
|
$208.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smac Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 238,111,979,490 to 209,189,493,270, a change of -28,922,486,220 (-12.1%).
- Net loss of 18,292,278,330 reduced equity.
- Share repurchases of 4,951,836,620 reduced equity.
- Other factors decreased equity by 5,678,371,270.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-18.29 Billion | -8.74% |
| Share Repurchases | ₩4.95 Billion | -2.37% |
| Other Changes | ₩-5.68 Billion | -2.71% |
| Total Change | ₩- | -12.15% |
Book Value vs Market Value Analysis
This analysis compares Smac 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: 0.68x
- 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 increased from 0.54x to 0.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩2572.96 | ₩1400.00 | x |
| 2023-12-31 | ₩2507.65 | ₩1400.00 | x |
| 2024-12-31 | ₩2197.24 | ₩1400.00 | x |
| 2025-12-31 | ₩2061.68 | ₩1400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smac 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): -8.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.41%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.21x
- Recent ROE (-8.74%) is below the historical average (1.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 23.02% | 4.15% | 3.49x | 1.59x | ₩3.43 Billion |
| 2010 | 27.26% | 5.10% | 2.07x | 2.58x | ₩7.36 Billion |
| 2011 | 41.56% | 7.80% | 2.85x | 1.87x | ₩26.43 Billion |
| 2012 | 25.01% | 5.51% | 2.51x | 1.81x | ₩16.06 Billion |
| 2013 | 20.70% | 4.96% | 2.45x | 1.70x | ₩14.26 Billion |
| 2014 | -11.66% | -5.92% | 1.32x | 1.50x | ₩-25.83 Billion |
| 2015 | -56.10% | -21.75% | 1.44x | 1.79x | ₩-50.48 Billion |
| 2016 | -3.95% | -2.86% | 0.76x | 1.82x | ₩-14.07 Billion |
| 2017 | 5.72% | 4.66% | 0.85x | 1.44x | ₩-5.87 Billion |
| 2018 | 3.23% | 5.14% | 0.41x | 1.52x | ₩-15.26 Billion |
| 2019 | -6.49% | -8.55% | 0.48x | 1.58x | ₩-36.49 Billion |
| 2020 | 11.24% | 14.79% | 0.50x | 1.53x | ₩3.60 Billion |
| 2021 | -13.16% | -33.40% | 0.29x | 1.34x | ₩-66.24 Billion |
| 2022 | -28.56% | -40.62% | 0.52x | 1.36x | ₩-85.16 Billion |
| 2023 | 6.19% | 8.64% | 0.54x | 1.33x | ₩-9.59 Billion |
| 2024 | -8.64% | -10.14% | 0.65x | 1.31x | ₩-44.38 Billion |
| 2025 | -8.74% | -8.41% | 0.86x | 1.21x | ₩-39.21 Billion |
Industry Comparison
This section compares Smac Co. Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smac Co. Ltd (097780) | ₩212.19 Billion | 23.02% | 0.11x | $208.85 Million |
| Samyang Holdings Corp (000075) | $1.65 Trillion | 0.15% | 0.69x | $17.20 Million |
| POBIS TNC CO. Ltd (016670) | $86.07 Billion | 12.91% | 0.50x | $59.74 Million |
| Posco ICT Company Ltd (022100) | $412.17 Billion | 11.06% | 1.07x | $2.80 Billion |
| Osung Advanced Materials Co. Ltd (052420) | $112.98 Billion | -47.58% | 0.44x | $337.36 Million |
| Kyung Nam Pharm Co Ltd (053950) | $29.10 Billion | 0.00% | 2.14x | $10.30K |
| ilShinbiobase Co. Ltd (068330) | $64.80 Billion | 7.40% | 0.06x | $28.20 Million |
| Kuk-Il Paper Mfg Co.Ltd (078130) | $28.52 Billion | 12.29% | 0.93x | $328.49 Million |
| OncoQuest Pharmaceuticals Inc (078590) | $48.94 Billion | -22.72% | 0.67x | $78.88 Million |
| MCNEX Co. Ltd (097520) | $63.12 Billion | 12.67% | 2.37x | $328.51 Million |
About Smac Co. Ltd
Smac Co. Ltd. develops, produces, and sells broadcasting and wireless communication devices in South Korea. Its products are used in mobiles, touch modules, and tablets, as well as in automotive LD lighting modules, and LED indoor and outdoor lighting products. Smac Co. Ltd. was founded in 2004 and is headquartered in Pyeongtaek, South Korea.