Seojin System Co.Ltd
Seojin System Co.,Ltd provides telecom equipment, repeaters, mechanical products, and LED and other equipment. The company offers telecommunication equipment, such as RRH, RU, cabinets, enclosures, cases, and sever racks; mobile phone frames; automotive parts; semiconductor equipment; aluminum alloys; cable harness for power, telecom, data, and other cable industries; and LED cases comprising ind… Read more
Seojin System Co.Ltd (178320) - Net Assets
Latest net assets as of September 2025: ₩706.08 Billion KRW
Based on the latest financial reports, Seojin System Co.Ltd (178320) has net assets worth ₩706.08 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 (₩2.14 Trillion) and total liabilities (₩1.43 Trillion). 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 | ₩706.08 Billion |
| % of Total Assets | 32.99% |
| Annual Growth Rate | 43.58% |
| 5-Year Change | 261.96% |
| 10-Year Change | N/A |
| Growth Volatility | 38.95 |
Seojin System Co.Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Seojin System 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 Seojin System Co.Ltd (2015–2024)
The table below shows the annual net assets of Seojin System Co.Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩875.58 Billion | +75.79% |
| 2023-12-31 | ₩498.10 Billion | -7.69% |
| 2022-12-31 | ₩539.57 Billion | +49.80% |
| 2021-12-31 | ₩360.18 Billion | +48.90% |
| 2020-12-31 | ₩241.90 Billion | -8.20% |
| 2019-12-31 | ₩263.51 Billion | +21.50% |
| 2018-12-31 | ₩216.88 Billion | +82.70% |
| 2017-12-31 | ₩118.71 Billion | +63.73% |
| 2016-12-31 | ₩72.50 Billion | +114.90% |
| 2015-12-31 | ₩33.74 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seojin 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 grown by 840.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩189.48 Billion | 21.78% |
| Common Stock | ₩28.12 Billion | 3.23% |
| Other Components | ₩652.39 Billion | 74.99% |
| Total Equity | ₩869.99 Billion | 100.00% |
Seojin System Co.Ltd Competitors by Market Cap
The table below lists competitors of Seojin System Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Energix - Renewable Energies Ltd.
PINK:ENREF
|
$1.10 Billion |
|
ATAI Life Sciences BV
NASDAQ:ATAI
|
$1.10 Billion |
|
Sinochem International Corp
SHG:600500
|
$1.10 Billion |
|
Zhejiang Windey Co Ltd
SHE:300772
|
$1.10 Billion |
|
GuoChuang Software Co Ltd
SHE:300520
|
$1.10 Billion |
|
Establishment Labs Holdings Inc
NASDAQ:ESTA
|
$1.10 Billion |
|
Soulbrain Co. Ltd
KQ:357780
|
$1.10 Billion |
|
Test Research Inc
TW:3030
|
$1.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seojin System Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 498,204,311,620 to 869,989,352,040, a change of 371,785,040,420 (74.6%).
- Net income of 84,255,873,340 contributed positively to equity growth.
- Share repurchases of 12,932,168,540 reduced equity.
- New share issuances of 12,932,168,530 increased equity.
- Other factors increased equity by 287,529,167,090.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩84.26 Billion | +9.68% |
| Share Repurchases | ₩12.93 Billion | -1.49% |
| Share Issuances | ₩12.93 Billion | +1.49% |
| Other Changes | ₩287.53 Billion | +33.05% |
| Total Change | ₩- | 74.63% |
Book Value vs Market Value Analysis
This analysis compares Seojin 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: 2.95x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.89x to 2.95x 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 | ₩3839.89 | ₩45650.00 | x |
| 2017-12-31 | ₩4328.60 | ₩45650.00 | x |
| 2018-12-31 | ₩5991.06 | ₩45650.00 | x |
| 2019-12-31 | ₩7278.94 | ₩45650.00 | x |
| 2020-12-31 | ₩6682.18 | ₩45650.00 | x |
| 2021-12-31 | ₩9584.28 | ₩45650.00 | x |
| 2022-12-31 | ₩14357.65 | ₩45650.00 | x |
| 2023-12-31 | ₩13319.63 | ₩45650.00 | x |
| 2024-12-31 | ₩15467.04 | ₩45650.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seojin 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): 9.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.94%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.42x
- Recent ROE (9.68%) is below the historical average (13.19%), 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 | 54.08% | 23.47% | 0.53x | 4.33x | ₩14.87 Billion |
| 2016 | 27.07% | 11.83% | 0.73x | 3.12x | ₩12.38 Billion |
| 2017 | 4.54% | 2.26% | 0.92x | 2.18x | ₩-6.48 Billion |
| 2018 | 13.88% | 9.28% | 0.74x | 2.02x | ₩8.42 Billion |
| 2019 | 18.46% | 12.40% | 0.70x | 2.14x | ₩22.30 Billion |
| 2020 | -2.28% | -1.71% | 0.47x | 2.86x | ₩-29.70 Billion |
| 2021 | 10.72% | 6.37% | 0.58x | 2.92x | ₩2.59 Billion |
| 2022 | 0.30% | 0.22% | 0.53x | 2.57x | ₩-52.35 Billion |
| 2023 | -4.53% | -2.90% | 0.51x | 3.05x | ₩-72.38 Billion |
| 2024 | 9.68% | 6.94% | 0.58x | 2.42x | ₩-2.74 Billion |
Industry Comparison
This section compares Seojin System Co.Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $173,932,593,946
- Average return on equity (ROE) among peers: -3.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seojin System Co.Ltd (178320) | ₩706.08 Billion | 54.08% | 2.03x | $1.10 Billion |
| Gaon Cable (000500) | $331.01 Billion | 5.41% | 1.42x | $211.74 Million |
| Huneed Tech (005870) | $78.72 Billion | 1.48% | 1.08x | $37.01 Million |
| Taihan Fiber Optics Co. Ltd (010170) | $74.40 Billion | -36.66% | 1.12x | $166.79 Million |
| Humax Holdings Co. Ltd (028080) | $494.41 Billion | 1.66% | 0.79x | $4.37 Million |
| Comtec Sys (031820) | $206.97 Billion | 1.91% | 1.54x | $45.97 Million |
| KMW Inc. (032500) | $240.29 Billion | -11.11% | 0.44x | $511.46 Million |
| Insung Information Co. Ltd (033230) | $47.46 Billion | 5.50% | 1.41x | $42.22 Million |
| Bluecom Co. Ltd (033560) | $157.47 Billion | -1.74% | 0.11x | $16.95 Million |
| Kisan Telecom Co. Ltd (035460) | $38.51 Billion | 6.45% | 1.03x | $16.25 Million |
| Samji Electronics Co. Ltd (037460) | $70.08 Billion | -3.58% | 0.35x | $115.55 Million |