Mercury Corporation (100590) - Net Assets
Based on the latest financial reports, Mercury Corporation (100590) has net assets worth ₩96.81 Billion KRW (≈ $65.60 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 (₩127.22 Billion ≈ $86.22 Million USD) and total liabilities (₩30.42 Billion ≈ $20.61 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 Mercury Corporation liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩96.81 Billion |
| % of Total Assets | 76.09% |
| Annual Growth Rate | 14.26% |
| 5-Year Change | 23.39% |
| 10-Year Change | N/A |
| Growth Volatility | 23.35 |
Mercury Corporation - Net Assets Trend (2016–2024)
This chart illustrates how Mercury Corporation's net assets have evolved over time, based on quarterly financial data. Also explore 100590 asset base for the complete picture of this company's asset base.
Annual Net Assets for Mercury Corporation (2016–2024)
The table below shows the annual net assets of Mercury Corporation from 2016 to 2024. For live valuation and market cap data, see Mercury Corporation market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩98.93 Billion ≈ $67.04 Million |
-1.76% |
| 2023-12-31 | ₩100.70 Billion ≈ $68.24 Million |
+11.58% |
| 2022-12-31 | ₩90.25 Billion ≈ $61.16 Million |
+4.09% |
| 2021-12-31 | ₩86.70 Billion ≈ $58.76 Million |
+8.14% |
| 2020-12-31 | ₩80.18 Billion ≈ $54.33 Million |
+12.97% |
| 2019-12-31 | ₩70.97 Billion ≈ $48.10 Million |
+4.49% |
| 2018-12-31 | ₩67.92 Billion ≈ $46.03 Million |
+76.60% |
| 2017-12-31 | ₩38.46 Billion ≈ $26.06 Million |
+12.94% |
| 2016-12-31 | ₩34.05 Billion ≈ $23.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Mercury Corporation'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 3672943433000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩32.98 Billion | 33.81% |
| Common Stock | ₩7.92 Billion | 8.11% |
| Other Components | ₩56.66 Billion | 58.08% |
| Total Equity | ₩97.55 Billion | 100.00% |
Mercury Corporation Competitors by Market Cap
The table below lists competitors of Mercury Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
I&C Technology Co. Ltd
KQ:052860
|
$66.41 Million |
|
AstroNova Inc
NASDAQ:ALOT
|
$66.45 Million |
|
AML3D Ltd
AU:AL3
|
$66.46 Million |
|
Red Robin Gourmet Burgers Inc
NASDAQ:RRGB
|
$66.47 Million |
|
RMS Mezzanine A.S.
PR:PVT
|
$66.41 Million |
|
Adhi Commuter Properti Tbk PT
JK:ADCP
|
$66.41 Million |
|
Velan Inc.
TO:VLN
|
$66.40 Million |
|
Teuton Resources Corp.
V:TUO
|
$66.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercury Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 98,923,341,390 to 97,552,769,940, a change of -1,370,571,450 (-1.4%).
- Net loss of 1,096,527,050 reduced equity.
- Share repurchases of 79,072,680 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-1.10 Billion | -1.12% |
| Share Repurchases | ₩79.07 Million | -0.08% |
| Other Changes | ₩-194.97 Million | -0.2% |
| Total Change | ₩- | -1.39% |
Book Value vs Market Value Analysis
This analysis compares Mercury Corporation'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: 1.01x
- 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 2.19x to 1.01x 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 | ₩2826.13 | ₩6200.00 | x |
| 2017-12-31 | ₩3191.71 | ₩6200.00 | x |
| 2018-12-31 | ₩4600.46 | ₩6200.00 | x |
| 2019-12-31 | ₩4807.19 | ₩6200.00 | x |
| 2020-12-31 | ₩5430.71 | ₩6200.00 | x |
| 2021-12-31 | ₩5857.76 | ₩6200.00 | x |
| 2022-12-31 | ₩5967.29 | ₩6200.00 | x |
| 2023-12-31 | ₩6305.07 | ₩6200.00 | x |
| 2024-12-31 | ₩6162.52 | ₩6200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercury Corporation 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): -1.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.82%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.30x
- Recent ROE (-1.12%) is below the historical average (6.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.91% | 1.66% | 1.74x | 2.04x | ₩-1.39 Billion |
| 2017 | 11.55% | 3.21% | 1.66x | 2.17x | ₩596.89 Million |
| 2018 | 19.99% | 10.14% | 1.44x | 1.37x | ₩6.78 Billion |
| 2019 | 3.29% | 2.10% | 1.06x | 1.48x | ₩-4.76 Billion |
| 2020 | 10.24% | 6.97% | 0.93x | 1.57x | ₩192.69 Million |
| 2021 | 6.52% | 4.65% | 0.81x | 1.73x | ₩-3.01 Billion |
| 2022 | 0.59% | 0.33% | 1.19x | 1.51x | ₩-8.49 Billion |
| 2023 | 4.04% | 2.60% | 1.11x | 1.40x | ₩-5.90 Billion |
| 2024 | -1.12% | -0.82% | 1.06x | 1.30x | ₩-10.85 Billion |
Industry Comparison
This section compares Mercury Corporation's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $134,347,170,985
- Average return on equity (ROE) among peers: 0.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercury Corporation (100590) | ₩96.81 Billion | 5.91% | 0.31x | $66.41 Million |
| Gaon Cable (000500) | $263.58 Billion | -0.13% | 0.94x | $2.71 Billion |
| Huneed Tech (005870) | $161.58 Billion | 11.06% | 0.85x | $83.92 Million |
| Taihan Fiber Optics Co. Ltd (010170) | $60.41 Billion | -20.84% | 1.10x | $1.12 Billion |
| Humax Holdings Co. Ltd (028080) | $318.42 Billion | 4.63% | 0.20x | $72.29 Million |
| Comtec Sys (031820) | $46.31 Billion | 6.45% | 1.38x | $61.77 Million |
| KMW Inc. (032500) | $51.30 Billion | -16.93% | 3.16x | $821.46 Million |
| Insung Information Co. Ltd (033230) | $43.24 Billion | 2.63% | 0.96x | $66.08 Million |
| Bluecom Co. Ltd (033560) | $98.24 Billion | 3.78% | 0.06x | $37.87 Million |
| Kisan Telecom Co. Ltd (035460) | $32.07 Billion | 0.15% | 1.21x | $37.89 Million |
| Samji Electronics Co. Ltd (037460) | $268.33 Billion | 11.39% | 2.04x | $329.75 Million |
About Mercury Corporation
Mercury Corporation manufactures and markets communications equipment and optical fiber cables in Korea. It offers smart IOT room management system, TDX exchanger/gateway equipment, transmission/satellite equipment, optical fiber cable products, electric motorcycle, and battery station related products. The company was founded in 1983 and is based in Incheon, South Korea. Mercury Corporation oper… Read more