StarFlex Co. Ltd (115570) - Net Assets
Based on the latest financial reports, StarFlex Co. Ltd (115570) has net assets worth ₩64.54 Billion KRW (≈ $43.74 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩93.71 Billion ≈ $63.51 Million USD) and total liabilities (₩29.18 Billion ≈ $19.77 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 115570 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩64.54 Billion |
| % of Total Assets | 68.87% |
| Annual Growth Rate | -0.34% |
| 5-Year Change | 3.25% |
| 10-Year Change | 22.13% |
| Growth Volatility | 14.4 |
StarFlex Co. Ltd - Net Assets Trend (2011–2024)
This chart illustrates how StarFlex Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore StarFlex Co. Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for StarFlex Co. Ltd (2011–2024)
The table below shows the annual net assets of StarFlex Co. Ltd from 2011 to 2024. For live valuation and market cap data, see 115570 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩66.51 Billion ≈ $45.07 Million |
+5.32% |
| 2023-12-31 | ₩63.15 Billion ≈ $42.80 Million |
-18.91% |
| 2022-12-31 | ₩77.87 Billion ≈ $52.77 Million |
+9.35% |
| 2021-12-31 | ₩71.21 Billion ≈ $48.26 Million |
+10.55% |
| 2020-12-31 | ₩64.42 Billion ≈ $43.65 Million |
-0.09% |
| 2019-12-31 | ₩64.47 Billion ≈ $43.69 Million |
-9.44% |
| 2018-12-31 | ₩71.19 Billion ≈ $48.25 Million |
+8.01% |
| 2017-12-31 | ₩65.91 Billion ≈ $44.67 Million |
-10.73% |
| 2016-12-31 | ₩73.83 Billion ≈ $50.04 Million |
+35.59% |
| 2015-12-31 | ₩54.45 Billion ≈ $36.90 Million |
-6.04% |
| 2014-12-31 | ₩57.95 Billion ≈ $39.27 Million |
+9.78% |
| 2013-12-31 | ₩52.79 Billion ≈ $35.78 Million |
-4.04% |
| 2012-12-31 | ₩55.02 Billion ≈ $37.28 Million |
-20.84% |
| 2011-12-31 | ₩69.50 Billion ≈ $47.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to StarFlex 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 3045349478000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩30.45 Billion | 45.79% |
| Common Stock | ₩3.99 Billion | 6.00% |
| Other Components | ₩32.06 Billion | 48.21% |
| Total Equity | ₩66.51 Billion | 100.00% |
StarFlex Co. Ltd Competitors by Market Cap
The table below lists competitors of StarFlex Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INCREDIBLE INDUSTRIES LIMITED
NSE:INCREDIBLE
|
$16.89 Million |
|
Ark Mines Ltd
AU:AHK
|
$16.89 Million |
|
Crown Lifters Limited
NSE:CROWN
|
$16.89 Million |
|
Les Enphants Co Ltd
TW:2911
|
$16.89 Million |
|
Huddlestock Fintech As
OL:HUDL
|
$16.86 Million |
|
Diversified Gateway Solutions Bhd
KLSE:0131
|
$16.85 Million |
|
Cruzados SADP
SN:CRUZADOS
|
$16.84 Million |
|
Managepay Systems Bhd
KLSE:0156
|
$16.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in StarFlex Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 63,149,504,620 to 66,506,351,440, a change of 3,356,846,820 (5.3%).
- Net income of 4,648,944,120 contributed positively to equity growth.
- Other factors decreased equity by 1,292,097,300.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩4.65 Billion | +6.99% |
| Other Changes | ₩-1.29 Billion | -1.94% |
| Total Change | ₩- | 5.32% |
Book Value vs Market Value Analysis
This analysis compares StarFlex 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: 0.37x
- 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 0.27x to 0.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩11610.52 | ₩3155.00 | x |
| 2017-12-31 | ₩10365.02 | ₩3155.00 | x |
| 2018-12-31 | ₩11195.24 | ₩3155.00 | x |
| 2019-12-31 | ₩10138.03 | ₩3155.00 | x |
| 2020-12-31 | ₩8480.04 | ₩3155.00 | x |
| 2021-12-31 | ₩9025.37 | ₩3155.00 | x |
| 2022-12-31 | ₩9869.65 | ₩3155.00 | x |
| 2023-12-31 | ₩8003.72 | ₩3155.00 | x |
| 2024-12-31 | ₩8429.17 | ₩3155.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently StarFlex 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): 6.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.80%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.45x
- Recent ROE (6.99%) is above the historical average (-1.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.36% | 0.27% | 0.65x | 2.10x | ₩-6.20 Billion |
| 2015 | -3.34% | -2.68% | 0.60x | 2.07x | ₩-8.47 Billion |
| 2016 | 9.30% | 8.05% | 0.65x | 1.77x | ₩-515.46 Million |
| 2017 | -10.02% | -7.59% | 0.61x | 2.16x | ₩-13.20 Billion |
| 2018 | 7.55% | 5.65% | 0.69x | 1.95x | ₩-1.75 Billion |
| 2019 | -10.65% | -7.40% | 0.68x | 2.13x | ₩-13.31 Billion |
| 2020 | -10.63% | -10.05% | 0.54x | 1.96x | ₩-13.29 Billion |
| 2021 | 7.42% | 6.22% | 0.71x | 1.69x | ₩-1.84 Billion |
| 2022 | 8.41% | 6.29% | 0.90x | 1.49x | ₩-1.24 Billion |
| 2023 | -23.34% | -20.85% | 0.76x | 1.47x | ₩-21.06 Billion |
| 2024 | 6.99% | 5.80% | 0.83x | 1.45x | ₩-2.00 Billion |
Industry Comparison
This section compares StarFlex Co. Ltd's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $121,695,111,252
- Average return on equity (ROE) among peers: 5.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| StarFlex Co. Ltd (115570) | ₩64.54 Billion | 0.36% | 0.45x | $16.87 Million |
| Cubic Korea Inc (021650) | $33.29 Billion | 4.15% | 1.36x | $25.82 Million |
| Koryo Credit Information Co. Ltd (049720) | $17.31 Billion | 20.71% | 0.57x | $94.83 Million |
| Hannet Co. Ltd (052600) | $24.11 Billion | 15.84% | 0.35x | $31.66 Million |
| ktcs corporation (058850) | $164.12 Billion | 4.53% | 1.30x | $69.03 Million |
| Logisys Inc (067730) | $11.53 Billion | 15.14% | 0.45x | $21.18 Million |
| K Auction Inc. (102370) | $112.01 Billion | -5.30% | 0.80x | $57.11 Million |
| Imarketkorea (122900) | $457.45 Billion | 5.72% | 1.92x | $160.99 Million |
| Global Tax Free Co. Ltd (204620) | $108.60 Billion | -8.18% | 0.54x | $282.88 Million |
| CTK Co. Ltd (260930) | $166.83 Billion | -0.54% | 0.25x | $49.55 Million |
About StarFlex Co. Ltd
StarFlex Co., Ltd. manufactures and supplies PVC flex products for the signage industry under the STARFLEX brand in Korea and internationally. The company offers frontlit, backlit, blockout, solit, self-adhesive vinyl, and coated flex products; textile; LED module, PVC foam board, and adhesive sheet and pad; PVC coated and laminated tarpaulin; and construction roofing products. Its products are u… Read more