SD SYSTEM Co. Ltd Net Assets
SD SYSTEM Co. Ltd net assets. Based on the latest financial reports, SD SYSTEM Co. Ltd (121890) has net assets worth ₩10.42 Billion KRW (≈ $7.06 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 (₩12.27 Billion ≈ $8.32 Million USD) and total liabilities (₩1.85 Billion ≈ $1.26 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. Also explore how fast is SD SYSTEM Co. Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩10.42 Billion |
| % of Total Assets | 84.89% |
| Annual Growth Rate | -7.52% |
| 5-Year Change | -28.52% |
| 10-Year Change | N/A |
| Growth Volatility | 25.54 |
Net Assets of SD SYSTEM Co. Ltd (2014–2025)
Net assets of SD SYSTEM Co. Ltd from 2014 to 2025. This chart illustrates how SD SYSTEM Co. Ltd's net assets have evolved over time, based on quarterly financial data. See SD SYSTEM Co. Ltd (121890) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for SD SYSTEM Co. Ltd (2014–2025)
The table below shows the annual net assets of SD SYSTEM Co. Ltd from 2014 to 2025. For live market cap and overall valuation, see 121890 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩11.98 Billion ≈ $8.12 Million |
+11.54% |
| 2024-12-31 | ₩10.74 Billion ≈ $7.28 Million |
-10.66% |
| 2023-12-31 | ₩12.02 Billion ≈ $8.14 Million |
+28.18% |
| 2022-12-31 | ₩9.38 Billion ≈ $6.35 Million |
-44.03% |
| 2018-12-31 | ₩16.75 Billion ≈ $11.35 Million |
+19.84% |
| 2017-12-31 | ₩13.98 Billion ≈ $9.47 Million |
-39.49% |
| 2016-12-31 | ₩23.10 Billion ≈ $15.66 Million |
-23.76% |
| 2015-12-31 | ₩30.30 Billion ≈ $20.53 Million |
+7.05% |
| 2014-12-31 | ₩28.30 Billion ≈ $19.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SD SYSTEM 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 172.6% over the analyzed period, potentially due to dividend distributions or operating losses.
SD SYSTEM Co. Ltd Net Assets Breakdown (December 2025)
SD SYSTEM Co. Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩25.44 Billion | 212.46% |
| Total Equity | ₩11.98 Billion | 100.00% |
SD SYSTEM Co. Ltd Competitors by Market Cap
The table below lists competitors of SD SYSTEM Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wing Yip Food Holdings Group Limited American Depositary Shares
NASDAQ:WYHG
|
$22.93 Million |
|
GTN Ltd
AU:GTN
|
$22.93 Million |
|
enX Group Ltd
JSE:ENX
|
$22.94 Million |
|
Pili International Multimedia Co Ltd
TWO:8450
|
$22.95 Million |
|
VenHub Global, Inc.
NASDAQ:VHUB
|
$22.92 Million |
|
Independence Gold Corp
V:IGO
|
$22.91 Million |
|
Pulsenmore Ltd
TA:PULS
|
$22.89 Million |
|
Indofarma Tbk
JK:INAF
|
$22.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SD SYSTEM Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,736,913,740 to 11,975,982,010, a change of 1,239,068,270 (11.5%).
- Net income of 1,274,391,500 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.27 Billion | +10.64% |
| Other Changes | ₩-35.32 Million | -0.29% |
| Total Change | ₩- | 11.54% |
Book Value vs Market Value Analysis
This analysis compares SD SYSTEM 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: 2.82x
- 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 3.44x to 2.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩739.12 | ₩2545.00 | x |
| 2023-12-31 | ₩947.39 | ₩2545.00 | x |
| 2024-12-31 | ₩807.81 | ₩2545.00 | x |
| 2025-12-31 | ₩901.03 | ₩2545.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SD SYSTEM 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): 10.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.43%
- • Asset Turnover: 1.43x
- • Equity Multiplier: 1.68x
- Recent ROE (10.64%) is above the historical average (-10.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.52% | 6.20% | 1.22x | 1.52x | ₩429.10 Million |
| 2015 | 9.48% | 4.23% | 1.61x | 1.39x | ₩-158.94 Million |
| 2016 | -29.79% | -10.83% | 1.50x | 1.83x | ₩-9.19 Billion |
| 2017 | -65.43% | -16.52% | 1.58x | 2.51x | ₩-10.55 Billion |
| 2018 | -33.65% | -12.37% | 1.31x | 2.07x | ₩-7.31 Billion |
| 2022 | -6.43% | -2.68% | 1.69x | 1.42x | ₩-1.54 Billion |
| 2023 | 21.94% | 12.38% | 1.46x | 1.22x | ₩1.44 Billion |
| 2024 | -17.02% | -10.12% | 1.02x | 1.65x | ₩-2.90 Billion |
| 2025 | 10.64% | 4.43% | 1.43x | 1.68x | ₩76.79 Million |
Industry Comparison
This section compares SD SYSTEM Co. Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $189,977,084,381
- Average return on equity (ROE) among peers: 3.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SD SYSTEM Co. Ltd (121890) | ₩10.42 Billion | 11.52% | 0.18x | $22.92 Million |
| Hwacheon Mac (000850) | $263.74 Billion | 6.07% | 0.29x | $53.67 Million |
| Daidong Elec (008110) | $92.73 Billion | 3.12% | 0.33x | $71.25 Million |
| Booster Co. Ltd (008470) | $78.63 Billion | 2.15% | 0.34x | $17.22 Million |
| Simpac (009160) | $670.34 Billion | 3.07% | 0.99x | $182.58 Million |
| Kyung Dong Navien Co Ltd (009450) | $256.51 Billion | 10.30% | 0.96x | $576.90 Million |
| Korea Refract (010040) | $123.18 Billion | 9.45% | 0.75x | $35.76 Million |
| Woojin I&S Co Ltd (010400) | $95.63 Billion | 2.02% | 0.19x | $16.64 Million |
| Hwacheon Machi (010660) | $125.81 Billion | 4.28% | 0.24x | $52.11 Million |
| Han Shin Mach (011700) | $90.80 Billion | 4.11% | 0.28x | $42.85 Million |
| STX Corporation (011810) | $102.41 Billion | -13.24% | 6.24x | $74.11 Million |
About SD SYSTEM Co. Ltd
SD System Co., Ltd. engages in the development, manufacture, and sale of intelligent traffic management systems (ITS) and integrated control center systems (CCTV) in South Korea. The company also offers self-driving services, emergency rescue standard systems, video integration software architecture solutions, fee collection services, OBU products, and parking systems. It also provides parking ma… Read more