Vessel Co. Ltd (177350) - Net Assets
Based on the latest financial reports, Vessel Co. Ltd (177350) has net assets worth ₩40.12 Billion KRW (≈ $27.19 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩57.34 Billion ≈ $38.86 Million USD) and total liabilities (₩17.22 Billion ≈ $11.67 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. For live market cap and overall valuation, see Vessel Co. Ltd (177350) total market value.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩40.12 Billion |
| % of Total Assets | 69.98% |
| Annual Growth Rate | 5.85% |
| 5-Year Change | 10.29% |
| 10-Year Change | -2.54% |
| Growth Volatility | 47.64 |
Vessel Co. Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Vessel Co. Ltd's net assets have evolved over time, based on quarterly financial data.
Annual Net Assets for Vessel Co. Ltd (2014–2025)
The table below shows the annual net assets of Vessel Co. Ltd from 2014 to 2025. See how leveraged is Vessel Co. Ltd's balance sheet to measure how much of total assets are equity-financed.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩41.31 Billion ≈ $27.99 Million |
+91.78% |
| 2024-12-31 | ₩21.54 Billion ≈ $14.60 Million |
-19.37% |
| 2023-12-31 | ₩26.71 Billion ≈ $18.10 Million |
-14.78% |
| 2022-12-31 | ₩31.35 Billion ≈ $21.24 Million |
-16.30% |
| 2021-12-31 | ₩37.45 Billion ≈ $25.38 Million |
+102.37% |
| 2020-12-31 | ₩18.51 Billion ≈ $12.54 Million |
-5.08% |
| 2019-12-31 | ₩19.50 Billion ≈ $13.21 Million |
-36.16% |
| 2018-12-31 | ₩30.54 Billion ≈ $20.70 Million |
-32.53% |
| 2017-12-31 | ₩45.27 Billion ≈ $30.68 Million |
+6.81% |
| 2016-12-31 | ₩42.38 Billion ≈ $28.72 Million |
+12.68% |
| 2015-12-31 | ₩37.62 Billion ≈ $25.49 Million |
+70.14% |
| 2014-12-31 | ₩22.11 Billion ≈ $14.98 Million |
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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 grown by 147.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩27.17 Billion | 65.77% |
| Other Components | ₩14.14 Billion | 34.23% |
| Total Equity | ₩41.31 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 |
|---|---|
|
Maming Enam Sembilan Mineral Tbk PT
JK:AKSI
|
$9.96 Million |
|
Praxis Home Retail Limited
NSE:PRAXIS
|
$9.96 Million |
|
Shanghai Prosolar Resources Development Co Ltd
SHG:600193
|
$9.96 Million |
|
MISSION GROUP PLC LS -10
F:M7K
|
$9.97 Million |
|
Real Heart
ST:HEART
|
$9.95 Million |
|
Maisons du Monde SAS
PA:MDM
|
$9.95 Million |
|
Clean & Science co. Ltd
KQ:045520
|
$9.95 Million |
|
NOWVERTICAL GROUP INC.
F:5XQ
|
$9.93 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 2024 to 2025, total equity changed from 21,538,065,750 to 41,305,544,150, a change of 19,767,478,400 (91.8%).
- Net income of 17,679,322,540 contributed positively to equity growth.
- Share repurchases of 7,554,000 reduced equity.
- Other factors increased equity by 2,095,709,860.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩17.68 Billion | +42.8% |
| Share Repurchases | ₩7.55 Million | -0.02% |
| Other Changes | ₩2.10 Billion | +5.07% |
| Total Change | ₩- | 91.78% |
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: 0.36x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩3786.80 | ₩1501.00 | x |
| 2017-12-31 | ₩4101.02 | ₩1501.00 | x |
| 2018-12-31 | ₩2923.75 | ₩1501.00 | x |
| 2019-12-31 | ₩1866.45 | ₩1501.00 | x |
| 2020-12-31 | ₩1771.65 | ₩1501.00 | x |
| 2021-12-31 | ₩2936.63 | ₩1501.00 | x |
| 2022-12-31 | ₩2304.37 | ₩1501.00 | x |
| 2023-12-31 | ₩332.86 | ₩1501.00 | x |
| 2024-12-31 | ₩2415.28 | ₩1501.00 | x |
| 2025-12-31 | ₩4211.79 | ₩1501.00 | 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): 42.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 106.69%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.41x
- Recent ROE (42.80%) is above the historical average (-7.21%), indicating improving 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 |
| 2024 | -48.87% | -40.94% | 0.50x | 2.38x | ₩-12.68 Billion |
| 2025 | 42.80% | 106.69% | 0.28x | 1.41x | ₩13.55 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: $2,637,694,555,082
- Average return on equity (ROE) among peers: 2.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vessel Co. Ltd (177350) | ₩40.12 Billion | 45.19% | 0.43x | $9.96 Million |
| SK Hynix Inc (000660) | $24.02 Trillion | 12.30% | 0.34x | $809.31 Billion |
| DB HiTek Co Ltd (000990) | $409.11 Billion | 0.51% | 1.77x | $2.54 Billion |
| Kec Holdings (006200) | $287.80 Billion | 11.32% | 0.88x | $57.81 Million |
| Charm Engine (009310) | $66.75 Billion | -21.43% | 11.54x | $15.73 Million |
| Auk Corp (017900) | $71.79 Billion | 5.64% | 1.03x | $268.95 Million |
| SFA Semicon Co. Ltd (036540) | $203.85 Billion | -8.88% | 2.99x | $642.25 Million |
| Simmtech Holdings Co. Ltd (036710) | $373.91 Billion | -10.11% | 3.27x | $148.93 Million |
| Fine Semitech Corp (036810) | $95.54 Billion | 17.74% | 0.48x | $347.71 Million |
| Seoul Semiconductor Co. Ltd (046890) | $704.99 Billion | -0.16% | 0.83x | $377.12 Million |
| Kona I Co.Ltd (052400) | $139.67 Billion | 15.22% | 0.83x | $384.23 Million |
About 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.