S.Y.PANEL Co Ltd (109610) - Net Assets
Based on the latest financial reports, S.Y.PANEL Co Ltd (109610) has net assets worth ₩236.80 Billion KRW (≈ $160.48 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩538.08 Billion ≈ $364.65 Million USD) and total liabilities (₩301.28 Billion ≈ $204.17 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 S.Y.PANEL Co Ltd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩236.80 Billion |
| % of Total Assets | 44.01% |
| Annual Growth Rate | 20.96% |
| 5-Year Change | 44.92% |
| 10-Year Change | 407.44% |
| Growth Volatility | 36.51 |
S.Y.PANEL Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how S.Y.PANEL Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see S.Y.PANEL Co Ltd market cap and net worth.
Annual Net Assets for S.Y.PANEL Co Ltd (2014–2025)
The table below shows the annual net assets of S.Y.PANEL Co Ltd from 2014 to 2025. Also explore S.Y.PANEL Co Ltd (109610) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩246.99 Billion ≈ $167.38 Million |
+46.18% |
| 2024-12-31 | ₩168.96 Billion ≈ $114.50 Million |
-13.68% |
| 2023-12-31 | ₩195.74 Billion ≈ $132.65 Million |
+10.24% |
| 2022-12-31 | ₩177.56 Billion ≈ $120.33 Million |
+4.18% |
| 2021-12-31 | ₩170.43 Billion ≈ $115.50 Million |
+16.22% |
| 2020-12-31 | ₩146.64 Billion ≈ $99.38 Million |
+34.04% |
| 2019-12-31 | ₩109.40 Billion ≈ $74.14 Million |
-2.09% |
| 2018-12-31 | ₩111.73 Billion ≈ $75.72 Million |
+5.11% |
| 2017-12-31 | ₩106.29 Billion ≈ $72.03 Million |
+118.38% |
| 2016-12-31 | ₩48.67 Billion ≈ $32.99 Million |
-1.32% |
| 2015-12-31 | ₩49.32 Billion ≈ $33.43 Million |
+61.96% |
| 2014-12-31 | ₩30.45 Billion ≈ $20.64 Million |
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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 grown by 65.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩45.01 Billion | 25.90% |
| Other Components | ₩128.82 Billion | 74.10% |
| Total Equity | ₩173.83 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 |
|---|---|
|
Vakrangee Limited
NSE:VAKRANGEE
|
$61.50 Million |
|
Orient Bell Limited
NSE:ORIENTBELL
|
$61.51 Million |
|
Invesco High Income Trust II
NYSE:VLT
|
$61.53 Million |
|
Multi Retail Group Ltd
TA:MRG
|
$61.57 Million |
|
Hindustan Media Ventures Limited
NSE:HMVL
|
$61.49 Million |
|
PYRAMID TECHNOPLAST ORD (BSE)
NSE:PYRAMID
|
$61.49 Million |
|
ATrack Technology
TWO:6465
|
$61.47 Million |
|
Oriental Food Industries Hold
KLSE:7107
|
$61.46 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 2024 to 2025, total equity changed from 168,957,633,490 to 173,832,199,490, a change of 4,874,566,000 (2.9%).
- Net loss of 14,130,399,000 reduced equity.
- Dividend payments of 3,107,400,500 reduced retained earnings.
- Other factors increased equity by 22,112,365,500.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-14.13 Billion | -8.13% |
| Dividends Paid | ₩3.11 Billion | -1.79% |
| Other Changes | ₩22.11 Billion | +12.72% |
| Total Change | ₩- | 2.89% |
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: 0.52x
- 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 1.02x to 0.52x 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 | ₩1900.00 | x |
| 2017-12-31 | ₩3529.58 | ₩1900.00 | x |
| 2018-12-31 | ₩3582.47 | ₩1900.00 | x |
| 2019-12-31 | ₩3595.03 | ₩1900.00 | x |
| 2020-12-31 | ₩3208.78 | ₩1900.00 | x |
| 2021-12-31 | ₩3570.07 | ₩1900.00 | x |
| 2022-12-31 | ₩3719.46 | ₩1900.00 | x |
| 2023-12-31 | ₩3597.20 | ₩1900.00 | x |
| 2024-12-31 | ₩3537.79 | ₩1900.00 | x |
| 2025-12-31 | ₩3639.85 | ₩1900.00 | 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): -8.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.82%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.74x
- Recent ROE (-8.13%) is below the historical average (0.18%), 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 | 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 |
| 2025 | -8.13% | -2.82% | 1.05x | 2.74x | ₩-31.51 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: $277,444,151,503
- Average return on equity (ROE) among peers: 6.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S.Y.PANEL Co Ltd (109610) | ₩236.80 Billion | 14.73% | 1.27x | $61.49 Million |
| Daelim B&Co (005750) | $151.29 Billion | 0.86% | 0.56x | $49.08 Million |
| Ilshinstone (007110) | $50.31 Billion | -4.46% | 0.56x | $31.64 Million |
| Byuksan Corp (007210) | $267.37 Billion | 10.45% | 0.61x | $54.44 Million |
| Shinsung E&G Co. Ltd (011930) | $68.29 Billion | 4.14% | 1.04x | $2.30 Billion |
| Jeongsan Aikang Co.Ltd (022220) | $63.93 Billion | 14.91% | 0.21x | $29.31 Million |
| Nuvotec (060260) | $27.63 Billion | 6.53% | 0.67x | $8.59 Million |
| Dongkuk Refractories & Steel Co. Ltd (075970) | $49.62 Billion | 11.26% | 1.94x | $20.28 Million |
| LX Hausys Ltd (108670) | $985.58 Billion | 6.88% | 1.62x | $202.58 Million |
| LX Hausys Ltd Preferred (108675) | $832.98 Billion | 7.42% | 1.86x | $12.77 Million |
About 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