Satrec Initiative Co. Ltd
Satrec Initiative Co., Ltd., together with its subsidiaries, provides solutions for earth observation missions worldwide. It offers satellite systems, such as space components comprising trackers, transceivers, transmitters, steerable antennas, command and data handling units, recorders, electrical propulsion components, and sun sensors; electro-optical payloads; and ground systems, including mis… Read more
Satrec Initiative Co. Ltd (099320) - Net Assets
Latest net assets as of September 2025: ₩229.18 Billion KRW
Based on the latest financial reports, Satrec Initiative Co. Ltd (099320) has net assets worth ₩229.18 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩371.73 Billion) and total liabilities (₩142.56 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩229.18 Billion |
| % of Total Assets | 61.65% |
| Annual Growth Rate | 17.52% |
| 5-Year Change | 206.47% |
| 10-Year Change | 366.63% |
| Growth Volatility | 26.23 |
Satrec Initiative Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Satrec Initiative Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Satrec Initiative Co. Ltd (2014–2024)
The table below shows the annual net assets of Satrec Initiative Co. Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩224.02 Billion | +2.64% |
| 2023-12-31 | ₩218.26 Billion | +80.53% |
| 2022-12-31 | ₩120.90 Billion | +2.07% |
| 2021-12-31 | ₩118.45 Billion | +62.04% |
| 2020-12-31 | ₩73.10 Billion | +14.61% |
| 2019-12-31 | ₩63.78 Billion | +9.95% |
| 2018-12-31 | ₩58.01 Billion | +5.77% |
| 2017-12-31 | ₩54.84 Billion | +7.12% |
| 2016-12-31 | ₩51.20 Billion | +6.64% |
| 2015-12-31 | ₩48.01 Billion | +7.75% |
| 2014-12-31 | ₩44.56 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Satrec Initiative 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 220.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩91.75 Billion | 38.91% |
| Common Stock | ₩5.48 Billion | 2.32% |
| Other Components | ₩138.55 Billion | 58.76% |
| Total Equity | ₩235.77 Billion | 100.00% |
Satrec Initiative Co. Ltd Competitors by Market Cap
The table below lists competitors of Satrec Initiative Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fastned B.V.
AS:FAST
|
$421.09 Million |
|
Annil Co Ltd
SHE:002875
|
$421.19 Million |
|
Sporton International
TWO:6146
|
$421.54 Million |
|
Fuchun Technology Co Ltd
SHE:300299
|
$421.56 Million |
|
MISSION PRODUCE DL-001
F:5YM
|
$421.04 Million |
|
ENERGY VAULT H.A DL-0001
F:8610
|
$420.84 Million |
|
Verallia SAS
LSE:0ABH
|
$420.84 Million |
|
Stanmore Resources Limited
PINK:STMRF
|
$420.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Satrec Initiative Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 217,855,951,610 to 235,768,615,440, a change of 17,912,663,830 (8.2%).
- Net income of 7,910,250,640 contributed positively to equity growth.
- Dividend payments of 1,642,691,700 reduced retained earnings.
- Share repurchases of 111,860,500 reduced equity.
- New share issuances of 111,860,500 increased equity.
- Other factors increased equity by 11,645,104,890.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩7.91 Billion | +3.36% |
| Dividends Paid | ₩1.64 Billion | -0.7% |
| Share Repurchases | ₩111.86 Million | -0.05% |
| Share Issuances | ₩111.86 Million | +0.05% |
| Other Changes | ₩11.65 Billion | +4.94% |
| Total Change | ₩- | 8.22% |
Book Value vs Market Value Analysis
This analysis compares Satrec Initiative 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: 8.71x
- 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 26.64x to 8.71x 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 | ₩7038.04 | ₩187500.00 | x |
| 2017-12-31 | ₩7550.00 | ₩187500.00 | x |
| 2018-12-31 | ₩8037.60 | ₩187500.00 | x |
| 2019-12-31 | ₩8864.69 | ₩187500.00 | x |
| 2020-12-31 | ₩10229.56 | ₩187500.00 | x |
| 2021-12-31 | ₩13215.49 | ₩187500.00 | x |
| 2022-12-31 | ₩13306.59 | ₩187500.00 | x |
| 2023-12-31 | ₩23978.14 | ₩187500.00 | x |
| 2024-12-31 | ₩21528.87 | ₩187500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Satrec Initiative 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): 3.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.62%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.90x
- Recent ROE (3.36%) is below the historical average (7.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.95% | 6.76% | 0.47x | 1.23x | ₩-2.70 Billion |
| 2015 | 8.66% | 13.63% | 0.52x | 1.23x | ₩-641.04 Million |
| 2016 | 7.97% | 11.78% | 0.49x | 1.37x | ₩-1.04 Billion |
| 2017 | 10.32% | 13.24% | 0.61x | 1.29x | ₩177.44 Million |
| 2018 | 8.01% | 10.07% | 0.59x | 1.34x | ₩-1.16 Billion |
| 2019 | 11.21% | 10.18% | 0.73x | 1.51x | ₩772.93 Million |
| 2020 | 16.22% | 13.29% | 0.83x | 1.47x | ₩4.55 Billion |
| 2021 | -9.76% | -15.74% | 0.32x | 1.94x | ₩-23.41 Billion |
| 2022 | -1.88% | -2.49% | 0.35x | 2.14x | ₩-14.36 Billion |
| 2023 | 20.14% | 34.98% | 0.40x | 1.44x | ₩22.10 Billion |
| 2024 | 3.36% | 4.62% | 0.38x | 1.90x | ₩-15.67 Billion |
Industry Comparison
This section compares Satrec Initiative Co. Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $72,826,247,408
- Average return on equity (ROE) among peers: -14.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Satrec Initiative Co. Ltd (099320) | ₩229.18 Billion | 3.95% | 0.62x | $421.09 Million |
| Oriental Precision & Engineering Co.Ltd (014940) | $110.13 Billion | 23.66% | 0.96x | $122.46 Million |
| MEDICOX Co. Ltd (054180) | $62.24 Billion | -55.32% | 0.55x | $442.04K |
| Victek Co. Ltd (065450) | $31.96 Billion | 5.63% | 0.59x | $71.93 Million |
| SAMYUNG ENC Co. Ltd (065570) | $37.05 Billion | -112.73% | 1.16x | $3.25 Million |
| AeroSpace Technology of Korea (067390) | $57.81 Billion | 4.32% | 1.33x | $87.13 Million |
| Inhwa Precision Co. Ltd (101930) | $189.62 Billion | 8.05% | 0.92x | $156.96 Million |
| Hizeaero Co. Ltd (221840) | $76.47 Billion | 4.80% | 0.80x | $20.27 Million |
| Kencoa Aerospace Corporation (274090) | $33.68 Billion | -22.46% | 1.21x | $138.76 Million |
| ASTech Co., Ltd. (453860) | $56.47 Billion | 16.80% | 0.58x | $17.73 Million |