Vessel Co. Ltd
Vessel Co., Ltd., together with its subsidiaries, engages in the developing, manufacturing, and selling LCD and semiconductor-related equipment in South Korea, China, and Japan. It is also involved in the manufacturing and processing of plastic adhesives; and provision of engineering services. The company was founded in 2004 and is headquartered in Suwon-si, South Korea.
Vessel Co. Ltd (177350) - Net Assets
Latest net assets as of June 2024: ₩25.48 Billion KRW
Based on the latest financial reports, Vessel Co. Ltd (177350) has net assets worth ₩25.48 Billion KRW as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩59.98 Billion) and total liabilities (₩34.49 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 | ₩25.48 Billion |
| % of Total Assets | 42.49% |
| Annual Growth Rate | 2.12% |
| 5-Year Change | 37.01% |
| 10-Year Change | N/A |
| Growth Volatility | 44.27 |
Vessel Co. Ltd - Net Assets Trend (2014–2023)
This chart illustrates how Vessel 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 Vessel Co. Ltd (2014–2023)
The table below shows the annual net assets of Vessel Co. Ltd from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩26.71 Billion | -14.78% |
| 2022-12-31 | ₩31.35 Billion | -16.30% |
| 2021-12-31 | ₩37.45 Billion | +102.37% |
| 2020-12-31 | ₩18.51 Billion | -5.08% |
| 2019-12-31 | ₩19.50 Billion | -36.16% |
| 2018-12-31 | ₩30.54 Billion | -32.53% |
| 2017-12-31 | ₩45.27 Billion | +6.81% |
| 2016-12-31 | ₩42.38 Billion | +12.68% |
| 2015-12-31 | ₩37.62 Billion | +70.14% |
| 2014-12-31 | ₩22.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vessel 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 337.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩52.60 Billion | 198.24% |
| Total Equity | ₩26.53 Billion | 100.00% |
Vessel Co. Ltd Competitors by Market Cap
The table below lists competitors of Vessel Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NORFOLK SOUTHERN (NFS.SG)
STU:NFS
|
$2.46 Million |
|
XORTX Therapeutics Inc
NASDAQ:XRTX
|
$2.46 Million |
|
West Cobar Metals Ltd
AU:WC1
|
$2.46 Million |
|
Lewis Group Limited
JSE:LEW
|
$2.46 Million |
|
Origin Global Empire Public Company Limited
BK:EMPIRE
|
$2.46 Million |
|
Silver Range Resources Ltd
PINK:SLRRF
|
$2.46 Million |
|
Garda Tujuh Buana Tbk
JK:GTBO
|
$2.46 Million |
|
THALES (CSF.SG)
STU:CSF
|
$2.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vessel Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 31,345,647,430 to 26,534,976,710, a change of -4,810,670,720 (-15.3%).
- Net loss of 24,009,048,740 reduced equity.
- New share issuances of 15,199,909,720 increased equity.
- Other factors increased equity by 3,998,468,300.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-24.01 Billion | -90.48% |
| Share Issuances | ₩15.20 Billion | +57.28% |
| Other Changes | ₩4.00 Billion | +15.07% |
| Total Change | ₩- | -15.35% |
Book Value vs Market Value Analysis
This analysis compares Vessel 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: 0.61x
- 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 increased from 0.05x to 0.61x 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 | ₩3786.80 | ₩202.00 | x |
| 2017-12-31 | ₩4101.02 | ₩202.00 | x |
| 2018-12-31 | ₩2923.75 | ₩202.00 | x |
| 2019-12-31 | ₩1866.45 | ₩202.00 | x |
| 2020-12-31 | ₩1771.65 | ₩202.00 | x |
| 2021-12-31 | ₩2936.63 | ₩202.00 | x |
| 2022-12-31 | ₩2304.37 | ₩202.00 | x |
| 2023-12-31 | ₩332.86 | ₩202.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vessel 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): -90.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -91.86%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.74x
- Recent ROE (-90.48%) is below the historical average (-8.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 45.19% | 10.60% | 1.14x | 3.74x | ₩4.72 Billion |
| 2015 | 19.09% | 13.62% | 0.78x | 1.79x | ₩3.42 Billion |
| 2016 | 9.88% | 9.52% | 0.58x | 1.80x | ₩-51.14 Million |
| 2017 | 11.07% | 6.22% | 0.83x | 2.16x | ₩485.99 Million |
| 2018 | 4.20% | 1.69% | 0.89x | 2.79x | ₩-1.77 Billion |
| 2019 | -56.66% | -26.09% | 0.49x | 4.42x | ₩-13.00 Billion |
| 2020 | -5.39% | -1.41% | 1.16x | 3.30x | ₩-2.85 Billion |
| 2021 | 21.32% | 32.41% | 0.26x | 2.49x | ₩4.24 Billion |
| 2022 | -38.72% | -27.50% | 0.52x | 2.70x | ₩-15.27 Billion |
| 2023 | -90.48% | -91.86% | 0.36x | 2.74x | ₩-26.66 Billion |
Industry Comparison
This section compares Vessel Co. Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $4,884,693,441,806
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vessel Co. Ltd (177350) | ₩25.48 Billion | 45.19% | 1.35x | $2.46 Million |
| SK Hynix Inc (000660) | $46.85 Trillion | 33.17% | 0.36x | $359.51 Billion |
| DB HiTek Co Ltd (000990) | $375.96 Billion | 10.99% | 1.60x | $1.65 Billion |
| Charm Engine (009310) | $103.16 Billion | 14.91% | 1.03x | $6.17 Million |
| Auk Corp (017900) | $78.53 Billion | 4.40% | 1.19x | $27.81 Million |
| SFA Semicon Co. Ltd (036540) | $455.60 Billion | 9.42% | 0.48x | $348.99 Million |
| Fine Semitech Corp (036810) | $239.77 Billion | -5.65% | 0.71x | $388.60 Million |
| Seoul Semiconductor Co. Ltd (046890) | $187.09 Billion | 9.45% | 0.31x | $285.72 Million |
| Kona I Co.Ltd (052400) | $82.57 Billion | -11.14% | 2.49x | $351.95 Million |
| Telechips Inc (054450) | $246.20 Billion | 25.44% | 0.52x | $90.74 Million |
| APS Holdings Corporation (054620) | $225.71 Billion | -0.59% | 0.83x | $45.27 Million |