MS Autotech Co.Ltd
MS Autotech Co.,Ltd produces and sells car-body parts in South Korea. It offers fender apron and side members, center and rear floors, front and rear doors, reinforcement side outers, side and quarter inners, rear combi lamp housings, rear package trays, back and dash parts, and cowl parts. The company was founded in 1982 and is based in Gyeongju-si, South Korea.
MS Autotech Co.Ltd (123040) - Net Assets
Latest net assets as of September 2025: ₩617.19 Billion KRW
Based on the latest financial reports, MS Autotech Co.Ltd (123040) has net assets worth ₩617.19 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 (₩1.72 Trillion) and total liabilities (₩1.11 Trillion). 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 | ₩617.19 Billion |
| % of Total Assets | 35.84% |
| Annual Growth Rate | 9.84% |
| 5-Year Change | 521.74% |
| 10-Year Change | 610.5% |
| Growth Volatility | 82.7 |
MS Autotech Co.Ltd - Net Assets Trend (2010–2024)
This chart illustrates how MS Autotech 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 MS Autotech Co.Ltd (2010–2024)
The table below shows the annual net assets of MS Autotech Co.Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩296.33 Billion | -47.94% |
| 2023-12-31 | ₩569.25 Billion | +209.25% |
| 2022-12-31 | ₩184.07 Billion | +32.07% |
| 2021-12-31 | ₩139.38 Billion | +192.44% |
| 2020-12-31 | ₩47.66 Billion | -70.92% |
| 2019-12-31 | ₩163.90 Billion | +98.75% |
| 2018-12-31 | ₩82.47 Billion | -6.63% |
| 2017-12-31 | ₩88.32 Billion | +22.37% |
| 2016-12-31 | ₩72.17 Billion | +73.04% |
| 2015-12-31 | ₩41.71 Billion | -47.21% |
| 2014-12-31 | ₩79.01 Billion | +34.82% |
| 2013-12-31 | ₩58.60 Billion | +41.82% |
| 2012-12-31 | ₩41.32 Billion | -51.94% |
| 2011-12-31 | ₩85.98 Billion | +8.02% |
| 2010-12-31 | ₩79.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MS Autotech 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 8282205722000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩82.82 Billion | 27.95% |
| Common Stock | ₩34.59 Billion | 11.67% |
| Other Components | ₩178.93 Billion | 60.38% |
| Total Equity | ₩296.33 Billion | 100.00% |
MS Autotech Co.Ltd Competitors by Market Cap
The table below lists competitors of MS Autotech Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pioneer Credit Ltd
AU:PNC
|
$46.00 Million |
|
Dynacons Systems & Solutions Limited
NSE:DSSL
|
$46.02 Million |
|
Tantalus Systems Holding Inc
OTCQX:TNTLF
|
$46.03 Million |
|
Hedef Girisim Sermayesi
IS:HDFGS
|
$46.05 Million |
|
M.I.TECH Co.Ltd
KQ:179290
|
$45.98 Million |
|
Readytech Holdings Ltd
AU:RDY
|
$45.98 Million |
|
CORESTEM Inc
KQ:166480
|
$45.97 Million |
|
KOTON MAGAZACILIK
IS:KOTON
|
$45.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MS Autotech Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 210,542,162,020 to 296,333,274,130, a change of 85,791,112,110 (40.7%).
- Net income of 1,588,439,560 contributed positively to equity growth.
- Dividend payments of 8,666,545,150 reduced retained earnings.
- Share repurchases of 4,435,058,170 reduced equity.
- Other factors increased equity by 97,304,275,870.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.59 Billion | +0.54% |
| Dividends Paid | ₩8.67 Billion | -2.92% |
| Share Repurchases | ₩4.44 Billion | -1.5% |
| Other Changes | ₩97.30 Billion | +32.84% |
| Total Change | ₩- | 40.75% |
Book Value vs Market Value Analysis
This analysis compares MS Autotech 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: 0.48x
- 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 0.64x to 0.48x 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 | ₩4024.64 | ₩2570.00 | x |
| 2017-12-31 | ₩3254.27 | ₩2570.00 | x |
| 2018-12-31 | ₩3038.53 | ₩2570.00 | x |
| 2019-12-31 | ₩4858.51 | ₩2570.00 | x |
| 2020-12-31 | ₩1375.01 | ₩2570.00 | x |
| 2021-12-31 | ₩3201.22 | ₩2570.00 | x |
| 2022-12-31 | ₩4223.48 | ₩2570.00 | x |
| 2023-12-31 | ₩4617.78 | ₩2570.00 | x |
| 2024-12-31 | ₩5385.85 | ₩2570.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MS Autotech 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): 0.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.09%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 5.88x
- Recent ROE (0.54%) is above the historical average (-13.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 14.25% | 4.93% | 0.58x | 4.99x | ₩2.57 Billion |
| 2011 | 0.88% | 0.19% | 0.61x | 7.77x | ₩-6.11 Billion |
| 2014 | -46.28% | -2.07% | 1.21x | 18.48x | ₩-20.27 Billion |
| 2015 | -10.85% | -0.52% | 1.34x | 15.51x | ₩-8.70 Billion |
| 2016 | 31.23% | 3.01% | 1.19x | 8.74x | ₩15.32 Billion |
| 2017 | -9.90% | -1.24% | 1.16x | 6.89x | ₩-17.58 Billion |
| 2018 | 4.24% | 0.39% | 1.27x | 8.50x | ₩-4.75 Billion |
| 2019 | 10.40% | 1.34% | 1.26x | 6.15x | ₩652.94 Million |
| 2020 | -193.93% | -7.60% | 1.19x | 21.51x | ₩-97.20 Billion |
| 2021 | -5.90% | -0.54% | 1.16x | 9.39x | ₩-22.17 Billion |
| 2022 | 23.59% | 2.34% | 1.20x | 8.38x | ₩25.01 Billion |
| 2023 | 5.72% | 0.58% | 1.25x | 7.91x | ₩-9.01 Billion |
| 2024 | 0.54% | 0.09% | 1.02x | 5.88x | ₩-28.04 Billion |
Industry Comparison
This section compares MS Autotech Co.Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MS Autotech Co.Ltd (123040) | ₩617.19 Billion | 14.25% | 1.79x | $46.00 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |