TSE Co. Ltd (131290) - Net Assets

Latest as of September 2025: ₩412.73 Billion KRW ≈ $279.70 Million USD

Based on the latest financial reports, TSE Co. Ltd (131290) has net assets worth ₩412.73 Billion KRW (≈ $279.70 Million USD) 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 ≈ $365.77 Million USD) and total liabilities (₩127.00 Billion ≈ $86.07 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 TSE Co. Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore 131290 current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see how much is TSE Co. Ltd worth.

Year	Net Assets	Change
2024-12-31	₩399.70 Billion ≈ $270.87 Million	+14.91%
2023-12-31	₩347.82 Billion ≈ $235.72 Million	+20.00%
2022-12-31	₩289.86 Billion ≈ $196.43 Million	+20.75%
2021-12-31	₩240.05 Billion ≈ $162.68 Million	+23.04%
2020-12-31	₩195.10 Billion ≈ $132.22 Million	+18.68%
2019-12-31	₩164.39 Billion ≈ $111.41 Million	+10.56%
2018-12-31	₩148.69 Billion ≈ $100.77 Million	+11.36%
2017-12-31	₩133.52 Billion ≈ $90.49 Million	+12.33%
2016-12-31	₩118.87 Billion ≈ $80.56 Million	-9.74%
2015-12-31	₩131.69 Billion ≈ $89.25 Million	-0.77%
2014-12-31	₩132.72 Billion ≈ $89.94 Million	+6.17%
2013-12-31	₩125.00 Billion ≈ $84.71 Million	-3.10%
2012-12-31	₩129.00 Billion ≈ $87.42 Million	+3.68%
2011-12-31	₩124.43 Billion ≈ $84.32 Million	+4.43%
2010-12-31	₩119.15 Billion ≈ $80.75 Million	--

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
Growthpoint Properties Australia AU:GOZ	$1.17 Billion
Shanghai Xinpeng Industry Co Ltd SHE:002328	$1.17 Billion
Genting Plantations Bhd KLSE:2291	$1.17 Billion
Jiangsu Changhai Compos Material SHE:300196	$1.17 Billion
Opera Limited F:2V8	$1.17 Billion
Lindsay Corporation NYSE:LNN	$1.17 Billion
Shanghai Tongji Science&Technology Industrial Co Ltd SHG:600846	$1.17 Billion
Trinity Capital Inc NASDAQ:TRIN	$1.17 Billion

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: 5.31x
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 14.51x to 5.31x 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	₩168800.00	x
2017-12-31	₩13071.54	₩168800.00	x
2018-12-31	₩14556.59	₩168800.00	x
2019-12-31	₩16093.63	₩168800.00	x
2020-12-31	₩18380.01	₩168800.00	x
2021-12-31	₩22550.16	₩168800.00	x
2022-12-31	₩26649.36	₩168800.00	x
2023-12-31	₩27452.87	₩168800.00	x
2024-12-31	₩31780.74	₩168800.00	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: $107,576,370,702
Average return on equity (ROE) among peers: 2.12%

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	$1.17 Billion
PSK HOLDINGS Inc (031980)	$251.54 Billion	18.53%	0.22x	$459.89 Million
Fidelix Co. Ltd (032580)	$47.55 Billion	-4.64%	0.19x	$22.13 Million
Cloud Air Co.Ltd (036170)	$123.98 Billion	4.45%	0.01x	$148.12 Million
UNISEM Co. Ltd (036200)	$69.04 Billion	9.31%	0.39x	$225.30 Million
JUSUNG ENGINEERING Co. Ltd (036930)	$227.31 Billion	14.60%	1.13x	$4.12 Billion
Lumens Co. Ltd (038060)	$117.34 Billion	-52.77%	1.37x	$37.16 Million
iA Inc (038880)	$59.39 Billion	2.85%	0.84x	$149.31 Million
meerecompany Incorporated (049950)	$104.04 Billion	6.18%	0.54x	$79.45 Million
I&C Technology Co. Ltd (052860)	$39.52 Billion	15.33%	0.57x	$66.41 Million
KMH Hitech Co. Ltd (052900)	$36.06 Billion	7.34%	0.51x	$37.41 Million

About TSE Co. Ltd

KQ:131290 Korea Semiconductors & Semiconductor Equipment

Market Cap

$1.17 Billion

₩1.72 Trillion KRW

Market Cap Rank

#8443 Global

#239 in Korea

Share Price

₩168800.00

Change (1 day)

+0.00%

52-Week Range

₩36400.00 - ₩174800.00

All Time High

₩174800.00