Korchip
KORCHIP Inc., an energy storage device company, engages in the engages in the manufacturing and sales of storage batteries in Europe, China, India, South Korea, internationally. It also offers new and renewable energy-related products; and electronic components related to electricity, and electronic communication equipment. In addition, the company is involved in distribution activities. The comp… Read more
Korchip (126730) - Net Assets
Latest net assets as of September 2025: ₩54.97 Billion KRW
Based on the latest financial reports, Korchip (126730) has net assets worth ₩54.97 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 (₩66.37 Billion) and total liabilities (₩11.41 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 | ₩54.97 Billion |
| % of Total Assets | 82.82% |
| Annual Growth Rate | 64.31% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.5 |
Korchip - Net Assets Trend (2021–2024)
This chart illustrates how Korchip's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korchip (2021–2024)
The table below shows the annual net assets of Korchip from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩52.80 Billion | +130.30% |
| 2023-12-31 | ₩22.93 Billion | +31.21% |
| 2022-12-31 | ₩17.47 Billion | +46.85% |
| 2021-12-31 | ₩11.90 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korchip'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 176.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩21.24 Billion | 40.23% |
| Common Stock | ₩4.25 Billion | 8.05% |
| Other Components | ₩27.31 Billion | 51.72% |
| Total Equity | ₩52.80 Billion | 100.00% |
Korchip Competitors by Market Cap
The table below lists competitors of Korchip ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stellar Resources Limited
PINK:SLROF
|
$29.82 Million |
|
MAG Holdings Berhad
KLSE:0095
|
$29.82 Million |
|
HRS Co. Ltd
KQ:036640
|
$29.83 Million |
|
ELK-Desa Resources Bhd
KLSE:5228
|
$29.84 Million |
|
PENTIXAPHARM HOLDING N AG
XETRA:PTP
|
$29.81 Million |
|
Picard Medical, Inc.
NYSE MKT:PMI
|
$29.80 Million |
|
Siam Pan Group PCL
BK:SPG
|
$29.79 Million |
|
Scilex Holding Company
NASDAQ:SCLX
|
$29.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korchip's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,925,739,140 to 52,798,358,120, a change of 29,872,618,980 (130.3%).
- Net income of 3,229,561,640 contributed positively to equity growth.
- Share repurchases of 25,603,644,350 reduced equity.
- New share issuances of 27,103,027,240 increased equity.
- Other factors increased equity by 25,143,674,450.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.23 Billion | +6.12% |
| Share Repurchases | ₩25.60 Billion | -48.49% |
| Share Issuances | ₩27.10 Billion | +51.33% |
| Other Changes | ₩25.14 Billion | +47.62% |
| Total Change | ₩- | 130.30% |
Book Value vs Market Value Analysis
This analysis compares Korchip'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: 2.91x
- 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 13.10x to 2.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ₩1457.52 | ₩19100.00 | x |
| 2022-12-31 | ₩2126.17 | ₩19100.00 | x |
| 2023-12-31 | ₩2789.79 | ₩19100.00 | x |
| 2024-12-31 | ₩6571.92 | ₩19100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korchip 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): 6.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.68%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.17x
- Recent ROE (6.12%) is below the historical average (28.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 52.60% | 13.23% | 1.43x | 2.78x | ₩5.07 Billion |
| 2022 | 32.63% | 14.71% | 1.28x | 1.74x | ₩3.95 Billion |
| 2023 | 20.94% | 14.58% | 0.88x | 1.64x | ₩2.51 Billion |
| 2024 | 6.12% | 9.68% | 0.54x | 1.17x | ₩-2.05 Billion |
Industry Comparison
This section compares Korchip's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,169,826,858,518
- Average return on equity (ROE) among peers: 4.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korchip (126730) | ₩54.97 Billion | 52.60% | 0.21x | $29.82 Million |
| Kumho Electric (001210) | $302.39 Billion | 8.90% | 0.83x | $23.46 Million |
| Taihan Electric Wire Co Ltd (001440) | $321.92 Billion | -0.92% | 2.64x | $2.17 Billion |
| Posco Chemical Co Ltd (003670) | $3.32 Trillion | -6.39% | 1.39x | $4.87 Billion |
| Sebang Global Battery Co Ltd (004490) | $1.34 Trillion | 8.71% | 0.37x | $222.68 Million |
| LS Corp (006260) | $3.01 Trillion | 4.09% | 2.33x | $3.06 Billion |
| Daewon Cable (006340) | $42.00 Billion | 0.90% | 1.45x | $196.28 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $113.85 Billion | 5.97% | 0.99x | $70.84 Million |
| Samsung SDI (006400) | $7.54 Trillion | 1.70% | 0.40x | $16.12 Billion |
| Samsung Sdi Co Pref (006405) | $15.20 Trillion | 7.70% | 0.70x | $7.85 Billion |
| LS Electric (010120) | $509.15 Billion | 18.56% | 1.33x | $7.89 Billion |