S.Y.PANEL Co Ltd
Sy Co., Ltd. engages in the production and sale of architectural materials for buildings in South Korea. It offers external panel systems, rigid polyurethane foam insulators, pre-painted steel sheets, deck plates, and slim brick rail systems. The company is also involved in the generation of electricity through solar projects, as well as engages in architectural and construction business. In addi… Read more
S.Y.PANEL Co Ltd (109610) - Net Assets
Latest net assets as of September 2025: ₩248.38 Billion KRW
Based on the latest financial reports, S.Y.PANEL Co Ltd (109610) has net assets worth ₩248.38 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 (₩489.78 Billion) and total liabilities (₩241.40 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 | ₩248.38 Billion |
| % of Total Assets | 50.71% |
| Annual Growth Rate | 18.69% |
| 5-Year Change | 15.22% |
| 10-Year Change | 242.55% |
| Growth Volatility | 37.66 |
S.Y.PANEL Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how S.Y.PANEL 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 S.Y.PANEL Co Ltd (2014–2024)
The table below shows the annual net assets of S.Y.PANEL Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩168.96 Billion | -13.68% |
| 2023-12-31 | ₩195.74 Billion | +10.24% |
| 2022-12-31 | ₩177.56 Billion | +4.18% |
| 2021-12-31 | ₩170.43 Billion | +16.22% |
| 2020-12-31 | ₩146.64 Billion | +34.04% |
| 2019-12-31 | ₩109.40 Billion | -2.09% |
| 2018-12-31 | ₩111.73 Billion | +5.11% |
| 2017-12-31 | ₩106.29 Billion | +118.38% |
| 2016-12-31 | ₩48.67 Billion | -1.32% |
| 2015-12-31 | ₩49.32 Billion | +61.96% |
| 2014-12-31 | ₩30.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to S.Y.PANEL 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 decreased by 58.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩11.26 Billion | 6.67% |
| Common Stock | ₩24.45 Billion | 14.47% |
| Other Components | ₩133.24 Billion | 78.86% |
| Total Equity | ₩168.96 Billion | 100.00% |
S.Y.PANEL Co Ltd Competitors by Market Cap
The table below lists competitors of S.Y.PANEL Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
D. P. Abhushan Limited
NSE:DPABHUSHAN
|
$56.86 Million |
|
EDDA WIND ASA NK -10
F:VR1
|
$56.87 Million |
|
AB Vilkyskiu pienine
MU:UDW
|
$56.88 Million |
|
Trinity Precision Technology Co Ltd
TWO:4534
|
$56.91 Million |
|
Gurunavi, Inc.
OTCGREY:GURNF
|
$56.84 Million |
|
Solomon Systech (International) Limited
F:RZF
|
$56.83 Million |
|
SKY Metals Ltd
AU:SKY
|
$56.79 Million |
|
Digital China Holdings Limited
TW:910861
|
$56.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S.Y.PANEL Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 171,795,252,120 to 168,957,633,490, a change of -2,837,618,630 (-1.7%).
- Net income of 3,434,374,590 contributed positively to equity growth.
- Share repurchases of 4,177,087,500 reduced equity.
- Other factors decreased equity by 2,094,905,720.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.43 Billion | +2.03% |
| Share Repurchases | ₩4.18 Billion | -2.47% |
| Other Changes | ₩-2.09 Billion | -1.24% |
| Total Change | ₩- | -1.65% |
Book Value vs Market Value Analysis
This analysis compares S.Y.PANEL 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: 0.78x
- 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 decreased from 1.50x to 0.78x 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 | ₩1854.35 | ₩2775.00 | x |
| 2017-12-31 | ₩3529.58 | ₩2775.00 | x |
| 2018-12-31 | ₩3582.47 | ₩2775.00 | x |
| 2019-12-31 | ₩3595.03 | ₩2775.00 | x |
| 2020-12-31 | ₩3208.78 | ₩2775.00 | x |
| 2021-12-31 | ₩3570.07 | ₩2775.00 | x |
| 2022-12-31 | ₩3719.46 | ₩2775.00 | x |
| 2023-12-31 | ₩3597.20 | ₩2775.00 | x |
| 2024-12-31 | ₩3537.79 | ₩2775.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S.Y.PANEL 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): 2.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.61%
- • Asset Turnover: 1.29x
- • Equity Multiplier: 2.57x
- Recent ROE (2.03%) is above the historical average (0.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.73% | 1.80% | 1.36x | 6.03x | ₩1.38 Billion |
| 2015 | 15.01% | 2.83% | 1.20x | 4.41x | ₩2.47 Billion |
| 2016 | 3.57% | 0.57% | 1.12x | 5.64x | ₩-3.13 Billion |
| 2017 | 0.27% | 0.07% | 1.15x | 3.23x | ₩-10.34 Billion |
| 2018 | 1.58% | 0.42% | 1.25x | 3.00x | ₩-9.41 Billion |
| 2019 | -14.73% | -4.24% | 1.05x | 3.31x | ₩-27.05 Billion |
| 2020 | -16.70% | -7.90% | 0.89x | 2.37x | ₩-39.15 Billion |
| 2021 | 5.18% | 2.08% | 1.09x | 2.27x | ₩-8.21 Billion |
| 2022 | 4.56% | 1.51% | 1.28x | 2.36x | ₩-9.65 Billion |
| 2023 | -5.26% | -1.63% | 1.30x | 2.48x | ₩-26.21 Billion |
| 2024 | 2.03% | 0.61% | 1.29x | 2.57x | ₩-13.46 Billion |
Industry Comparison
This section compares S.Y.PANEL Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $172,551,403,961
- Average return on equity (ROE) among peers: -2.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S.Y.PANEL Co Ltd (109610) | ₩248.38 Billion | 14.73% | 0.97x | $56.86 Million |
| Daelim B&Co (005750) | $160.64 Billion | -2.89% | 1.16x | $20.98 Million |
| Ilshinstone (007110) | $56.97 Billion | 2.92% | 0.73x | $49.73 Million |
| Byuksan Corp (007210) | $267.37 Billion | 10.45% | 0.61x | $47.42 Million |
| Shinsung E&G Co. Ltd (011930) | $48.32 Billion | 18.35% | 1.52x | $252.33 Million |
| Jeongsan Aikang Co.Ltd (022220) | $49.59 Billion | -3.74% | 0.81x | $10.19 Million |
| Nuvotec (060260) | $21.06 Billion | -26.44% | 1.53x | $7.14 Million |
| Dongkuk Refractories & Steel Co. Ltd (075970) | $78.79 Billion | 2.07% | 0.62x | $13.33 Million |
| LX Hausys Ltd Preferred (108675) | $837.22 Billion | -9.21% | 1.85x | $74.47 Million |
| Catis. Inc. (140430) | $33.01 Billion | -15.41% | 0.70x | $3.42 Million |