SUNIC SYSTEM Co. Ltd (171090) - Net Assets
Based on the latest financial reports, SUNIC SYSTEM Co. Ltd (171090) has net assets worth ₩109.55 Billion KRW (≈ $74.24 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 (₩361.76 Billion ≈ $245.16 Million USD) and total liabilities (₩252.21 Billion ≈ $170.92 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 171090 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩109.55 Billion |
| % of Total Assets | 30.28% |
| Annual Growth Rate | 9.3% |
| 5-Year Change | -48.78% |
| 10-Year Change | N/A |
| Growth Volatility | 49.9 |
SUNIC SYSTEM Co. Ltd - Net Assets Trend (2015–2024)
This chart illustrates how SUNIC SYSTEM Co. Ltd's net assets have evolved over time, based on quarterly financial data. See SUNIC SYSTEM Co. Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SUNIC SYSTEM Co. Ltd (2015–2024)
The table below shows the annual net assets of SUNIC SYSTEM Co. Ltd from 2015 to 2024. For live valuation and market cap data, see market cap of SUNIC SYSTEM Co. Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩46.42 Billion ≈ $31.46 Million |
-34.50% |
| 2023-12-31 | ₩70.87 Billion ≈ $48.03 Million |
-10.63% |
| 2022-12-31 | ₩79.30 Billion ≈ $53.74 Million |
-1.17% |
| 2021-12-31 | ₩80.24 Billion ≈ $54.38 Million |
-11.46% |
| 2020-12-31 | ₩90.63 Billion ≈ $61.42 Million |
+0.01% |
| 2019-12-31 | ₩90.63 Billion ≈ $61.42 Million |
+7.97% |
| 2018-12-31 | ₩83.93 Billion ≈ $56.88 Million |
-7.61% |
| 2017-12-31 | ₩90.84 Billion ≈ $61.56 Million |
+104.99% |
| 2016-12-31 | ₩44.32 Billion ≈ $30.03 Million |
+112.60% |
| 2015-12-31 | ₩20.84 Billion ≈ $14.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SUNIC 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 261.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩4.75 Billion | 10.23% |
| Other Components | ₩51.07 Billion | 110.01% |
| Total Equity | ₩46.42 Billion | 100.00% |
SUNIC SYSTEM Co. Ltd Competitors by Market Cap
The table below lists competitors of SUNIC SYSTEM Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Curro Hol
JSE:COH
|
$427.54 Million |
|
Sanyou Corporation Limited
SHE:300932
|
$427.66 Million |
|
Hemisphere Properties India Limited
NSE:HEMIPROP
|
$427.71 Million |
|
Univanich Palm Oil Public Company Limited
BK:UVAN
|
$427.77 Million |
|
Trade-Van Information Services Co
TW:6183
|
$427.21 Million |
|
KG Mobility Corp.
KO:003620
|
$427.21 Million |
|
Risuntek Inc
SHE:002981
|
$427.12 Million |
|
Wuhan DDMC Culture Co Ltd
SHG:600136
|
$427.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SUNIC SYSTEM Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 70,872,953,410 to 46,420,975,110, a change of -24,451,978,300 (-34.5%).
- Net loss of 28,070,043,300 reduced equity.
- Share repurchases of 1,268,588,230 reduced equity.
- New share issuances of 1,268,588,230 increased equity.
- Other factors increased equity by 3,618,065,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-28.07 Billion | -60.47% |
| Share Repurchases | ₩1.27 Billion | -2.73% |
| Share Issuances | ₩1.27 Billion | +2.73% |
| Other Changes | ₩3.62 Billion | +7.79% |
| Total Change | ₩- | -34.50% |
Book Value vs Market Value Analysis
This analysis compares SUNIC 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: 13.52x
- 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 increased from 12.13x to 13.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩5910.45 | ₩71700.00 | x |
| 2017-12-31 | ₩10096.08 | ₩71700.00 | x |
| 2018-12-31 | ₩9675.62 | ₩71700.00 | x |
| 2019-12-31 | ₩10519.49 | ₩71700.00 | x |
| 2020-12-31 | ₩10972.28 | ₩71700.00 | x |
| 2021-12-31 | ₩9655.42 | ₩71700.00 | x |
| 2022-12-31 | ₩9316.78 | ₩71700.00 | x |
| 2023-12-31 | ₩8205.01 | ₩71700.00 | x |
| 2024-12-31 | ₩5301.98 | ₩71700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SUNIC 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): -60.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.86%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 6.53x
- Recent ROE (-60.47%) is below the historical average (-3.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -22.62% | -16.33% | 0.72x | 1.92x | ₩-6.80 Billion |
| 2016 | 53.28% | 16.43% | 1.71x | 1.90x | ₩19.18 Billion |
| 2017 | 10.75% | 7.90% | 1.05x | 1.30x | ₩681.28 Million |
| 2018 | 6.15% | 4.37% | 1.02x | 1.38x | ₩-3.24 Billion |
| 2019 | 7.88% | 8.15% | 0.73x | 1.33x | ₩-1.92 Billion |
| 2020 | 2.56% | 3.53% | 0.61x | 1.19x | ₩-6.75 Billion |
| 2021 | -12.73% | -22.10% | 0.45x | 1.27x | ₩-18.24 Billion |
| 2022 | -4.08% | -4.37% | 0.59x | 1.57x | ₩-11.17 Billion |
| 2023 | -13.02% | -14.79% | 0.46x | 1.90x | ₩-16.32 Billion |
| 2024 | -60.47% | -24.86% | 0.37x | 6.53x | ₩-32.71 Billion |
Industry Comparison
This section compares SUNIC SYSTEM Co. Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $1,550,617,864,808
- Average return on equity (ROE) among peers: 8.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SUNIC SYSTEM Co. Ltd (171090) | ₩109.55 Billion | -22.62% | 2.30x | $427.50 Million |
| SK Hynix Inc (000660) | $13.07 Trillion | 21.98% | 0.59x | $467.91 Billion |
| DB HiTek Co Ltd (000990) | $295.29 Billion | 4.65% | 1.78x | $4.12 Billion |
| Kec Holdings (006200) | $131.77 Billion | 0.00% | 0.85x | $68.95 Million |
| Charm Engine (009310) | $103.16 Billion | 14.91% | 1.03x | $15.73 Million |
| Auk Corp (017900) | $203.21 Billion | -2.56% | 0.18x | $338.92 Million |
| SFA Semicon Co. Ltd (036540) | $455.60 Billion | 9.42% | 0.48x | $800.04 Million |
| Simmtech Holdings Co. Ltd (036710) | $171.88 Billion | 0.00% | 2.30x | $167.19 Million |
| Fine Semitech Corp (036810) | $244.17 Billion | 18.05% | 0.62x | $432.57 Million |
| Seoul Semiconductor Co. Ltd (046890) | $661.13 Billion | 5.22% | 1.00x | $488.31 Million |
| Kona I Co.Ltd (052400) | $173.10 Billion | 16.85% | 1.67x | $453.81 Million |
About SUNIC SYSTEM Co. Ltd
SUNIC SYSTEM Co., Ltd. manufactures and sells OLED deposition equipment and semiconductor vacuum equipment in Korea. It offers OLED equipment, such as medium/big and medium/small sized cluster type, as well as medium/small sized inline type evaporation equipment systems. The company was founded in 1990 and is headquartered in Suwon-si, South Korea.