TSE Co. Ltd
TSE Co., Ltd provides semiconductor test solutions in South Korea and internationally. The company offers probe cards, including high performance and vertical mems probe cards, and OLED fixel test solutions; standard interface solutions, such as high speed and high parallelism interface solutions; and tester on-board interface products, including BOST, CFDS, and power boost interface solutions. I… Read more
TSE Co. Ltd (131290) - Net Assets
Latest net assets as of September 2025: ₩412.73 Billion KRW
Based on the latest financial reports, TSE Co. Ltd (131290) has net assets worth ₩412.73 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 (₩539.73 Billion) and total liabilities (₩127.00 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 | ₩412.73 Billion |
| % of Total Assets | 76.47% |
| Annual Growth Rate | 9.03% |
| 5-Year Change | 104.87% |
| 10-Year Change | 203.51% |
| Growth Volatility | 9.45 |
TSE Co. Ltd - Net Assets Trend (2010–2024)
This chart illustrates how TSE 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 TSE Co. Ltd (2010–2024)
The table below shows the annual net assets of TSE Co. Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩399.70 Billion | +14.91% |
| 2023-12-31 | ₩347.82 Billion | +20.00% |
| 2022-12-31 | ₩289.86 Billion | +20.75% |
| 2021-12-31 | ₩240.05 Billion | +23.04% |
| 2020-12-31 | ₩195.10 Billion | +18.68% |
| 2019-12-31 | ₩164.39 Billion | +10.56% |
| 2018-12-31 | ₩148.69 Billion | +11.36% |
| 2017-12-31 | ₩133.52 Billion | +12.33% |
| 2016-12-31 | ₩118.87 Billion | -9.74% |
| 2015-12-31 | ₩131.69 Billion | -0.77% |
| 2014-12-31 | ₩132.72 Billion | +6.17% |
| 2013-12-31 | ₩125.00 Billion | -3.10% |
| 2012-12-31 | ₩129.00 Billion | +3.68% |
| 2011-12-31 | ₩124.43 Billion | +4.43% |
| 2010-12-31 | ₩119.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TSE 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 65475.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩296.32 Billion | 86.45% |
| Common Stock | ₩5.53 Billion | 1.61% |
| Other Components | ₩40.93 Billion | 11.94% |
| Total Equity | ₩342.77 Billion | 100.00% |
TSE Co. Ltd Competitors by Market Cap
The table below lists competitors of TSE Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Raydium Semi-Conductor
TW:3592
|
$407.88 Million |
|
RLH Properties S.A.B. de C.V
MX:RLHA
|
$407.92 Million |
|
NanJing Pharmaceutical Co Ltd
SHG:600713
|
$407.93 Million |
|
NS UTD KAIUN KAISHA LTD.
F:8WN
|
$407.96 Million |
|
Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S.
IS:KLSER
|
$407.62 Million |
|
Qianjiang Yongan Pharmaceutical Co Ltd
SHE:002365
|
$407.45 Million |
|
Impulse Qingdao Health Tech Co Ltd
SHE:002899
|
$407.33 Million |
|
Gladstone Land Corporation
NASDAQ:LAND
|
$407.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TSE Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 293,318,590,720 to 342,771,848,790, a change of 49,453,258,070 (16.9%).
- Net income of 42,476,339,210 contributed positively to equity growth.
- Share repurchases of 5,521,057,710 reduced equity.
- New share issuances of 5,521,057,710 increased equity.
- Other factors increased equity by 6,976,918,860.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩42.48 Billion | +12.39% |
| Share Repurchases | ₩5.52 Billion | -1.61% |
| Share Issuances | ₩5.52 Billion | +1.61% |
| Other Changes | ₩6.98 Billion | +2.04% |
| Total Change | ₩- | 16.86% |
Book Value vs Market Value Analysis
This analysis compares TSE 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: 3.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.88x to 3.62x 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 | ₩11637.12 | ₩115000.00 | x |
| 2017-12-31 | ₩13071.54 | ₩115000.00 | x |
| 2018-12-31 | ₩14556.59 | ₩115000.00 | x |
| 2019-12-31 | ₩16093.63 | ₩115000.00 | x |
| 2020-12-31 | ₩18380.01 | ₩115000.00 | x |
| 2021-12-31 | ₩22550.16 | ₩115000.00 | x |
| 2022-12-31 | ₩26649.36 | ₩115000.00 | x |
| 2023-12-31 | ₩27452.87 | ₩115000.00 | x |
| 2024-12-31 | ₩31780.74 | ₩115000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TSE 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): 12.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.20%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.52x
- Recent ROE (12.39%) is above the historical average (7.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 8.89% | 8.39% | 0.76x | 1.40x | ₩-1.17 Billion |
| 2011 | 13.28% | 11.79% | 0.77x | 1.47x | ₩3.87 Billion |
| 2012 | 3.19% | 3.90% | 0.58x | 1.40x | ₩-8.30 Billion |
| 2014 | 5.19% | 4.43% | 0.81x | 1.44x | ₩-5.97 Billion |
| 2015 | 1.43% | 1.42% | 0.69x | 1.47x | ₩-11.29 Billion |
| 2016 | -12.10% | -11.35% | 0.67x | 1.59x | ₩-26.27 Billion |
| 2017 | 10.54% | 7.58% | 0.90x | 1.54x | ₩718.32 Million |
| 2018 | 8.46% | 6.82% | 0.80x | 1.54x | ₩-2.29 Billion |
| 2019 | 9.84% | 8.44% | 0.73x | 1.60x | ₩-268.21 Million |
| 2020 | 13.91% | 9.50% | 0.95x | 1.54x | ₩7.63 Billion |
| 2021 | 18.63% | 14.54% | 0.83x | 1.55x | ₩20.72 Billion |
| 2022 | 17.19% | 14.68% | 0.78x | 1.50x | ₩20.83 Billion |
| 2023 | 0.04% | 0.05% | 0.56x | 1.51x | ₩-29.21 Billion |
| 2024 | 12.39% | 12.20% | 0.67x | 1.52x | ₩8.20 Billion |
Industry Comparison
This section compares TSE Co. Ltd's net assets metrics with peer companies in the Semiconductors & Semiconductor Equipment industry.
Industry Context
- Industry: Semiconductors & Semiconductor Equipment
- Average net assets among peers: $97,387,989,500
- Average return on equity (ROE) among peers: 5.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TSE Co. Ltd (131290) | ₩412.73 Billion | 8.89% | 0.31x | $407.87 Million |
| Fidelix Co. Ltd (032580) | $47.55 Billion | -4.64% | 0.19x | $8.98 Million |
| Cloud Air Co.Ltd (036170) | $123.98 Billion | 4.45% | 0.01x | $66.69 Million |
| UNISEM Co. Ltd (036200) | $199.44 Billion | 9.82% | 0.18x | $135.48 Million |
| JUSUNG ENGINEERING Co. Ltd (036930) | $114.13 Billion | 6.75% | 1.70x | $1.42 Billion |
| Lumens Co. Ltd (038060) | $97.80 Billion | 4.10% | 0.50x | $20.25 Million |
| meerecompany Incorporated (049950) | $112.91 Billion | 10.59% | 0.18x | $52.60 Million |
| I&C Technology Co. Ltd (052860) | $44.51 Billion | -0.67% | 0.51x | $23.89 Million |
| KMH Hitech Co. Ltd (052900) | $6.44 Billion | 0.00% | 9.67x | $17.04 Million |
| 3S KOREA Co. Ltd (060310) | $42.99 Billion | 0.00% | 0.66x | $38.66 Million |
| Tokai Carbon Korea Co. Ltd (064760) | $184.14 Billion | 25.45% | 0.16x | $761.70 Million |