M.I.TECH Co.Ltd (179290) - Net Assets
Based on the latest financial reports, M.I.TECH Co.Ltd (179290) has net assets worth ₩120.80 Billion KRW (≈ $81.87 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 (₩134.55 Billion ≈ $91.18 Million USD) and total liabilities (₩13.75 Billion ≈ $9.32 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 strategic asset allocation of M.I.TECH Co.Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩120.80 Billion |
| % of Total Assets | 89.78% |
| Annual Growth Rate | 24.9% |
| 5-Year Change | 96.43% |
| 10-Year Change | N/A |
| Growth Volatility | 39.5 |
M.I.TECH Co.Ltd - Net Assets Trend (2015–2024)
This chart illustrates how M.I.TECH Co.Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see M.I.TECH Co.Ltd market capitalisation.
Annual Net Assets for M.I.TECH Co.Ltd (2015–2024)
The table below shows the annual net assets of M.I.TECH Co.Ltd from 2015 to 2024. Also explore M.I.TECH Co.Ltd equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩108.83 Billion ≈ $73.75 Million |
+17.10% |
| 2023-12-31 | ₩92.94 Billion ≈ $62.98 Million |
+11.24% |
| 2022-12-31 | ₩83.55 Billion ≈ $56.62 Million |
+29.01% |
| 2021-12-31 | ₩64.76 Billion ≈ $43.89 Million |
+16.89% |
| 2020-12-31 | ₩55.40 Billion ≈ $37.55 Million |
+14.82% |
| 2019-12-31 | ₩48.25 Billion ≈ $32.70 Million |
+7.79% |
| 2018-12-31 | ₩44.77 Billion ≈ $30.34 Million |
+139.71% |
| 2017-12-31 | ₩18.67 Billion ≈ $12.66 Million |
+12.31% |
| 2016-12-31 | ₩16.63 Billion ≈ $11.27 Million |
+13.08% |
| 2015-12-31 | ₩14.71 Billion ≈ $9.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to M.I.TECH 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 6133959161000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩60.27 Billion | 55.38% |
| Common Stock | ₩16.38 Billion | 15.05% |
| Other Components | ₩32.18 Billion | 29.57% |
| Total Equity | ₩108.83 Billion | 100.00% |
M.I.TECH Co.Ltd Competitors by Market Cap
The table below lists competitors of M.I.TECH Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Darya-Varia Laboratoria Tbk
JK:DVLA
|
$104.02 Million |
|
Binh Dien Fertilizer JSC
VN:BFC
|
$104.04 Million |
|
Dimerix Ltd
AU:DXB
|
$104.08 Million |
|
Baby Bunting Group Ltd
AU:BBN
|
$104.09 Million |
|
Velo3D, Inc.
NASDAQ:VELO
|
$103.93 Million |
|
Kumho Petro Chemical Co Ltd
KO:011785
|
$103.88 Million |
|
Hsinli Chemical Industrial
TWO:4303
|
$103.87 Million |
|
Cellectis
PA:ALCLS
|
$103.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in M.I.TECH Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 92,937,461,080 to 108,832,540,980, a change of 15,895,079,900 (17.1%).
- Net income of 18,289,106,390 contributed positively to equity growth.
- Dividend payments of 2,582,054,240 reduced retained earnings.
- Share repurchases of 188,027,760 reduced equity.
- New share issuances of 188,027,760 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩18.29 Billion | +16.8% |
| Dividends Paid | ₩2.58 Billion | -2.37% |
| Share Repurchases | ₩188.03 Million | -0.17% |
| Share Issuances | ₩188.03 Million | +0.17% |
| Other Changes | ₩188.03 Million | +0.17% |
| Total Change | ₩- | 17.10% |
Book Value vs Market Value Analysis
This analysis compares M.I.TECH 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: 1.41x
- 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 6.77x to 1.41x 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 | ₩700.24 | ₩4740.00 | x |
| 2017-12-31 | ₩786.52 | ₩4740.00 | x |
| 2018-12-31 | ₩1471.55 | ₩4740.00 | x |
| 2019-12-31 | ₩1586.11 | ₩4740.00 | x |
| 2020-12-31 | ₩1776.87 | ₩4740.00 | x |
| 2021-12-31 | ₩2080.90 | ₩4740.00 | x |
| 2022-12-31 | ₩2604.44 | ₩4740.00 | x |
| 2023-12-31 | ₩2879.49 | ₩4740.00 | x |
| 2024-12-31 | ₩3362.59 | ₩4740.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently M.I.TECH 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): 16.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.02%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.09x
- Recent ROE (16.80%) is above the historical average (12.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 4.08% | 4.74% | 0.74x | 1.17x | ₩-870.36 Million |
| 2016 | 12.09% | 12.29% | 0.80x | 1.23x | ₩348.34 Million |
| 2017 | 10.98% | 9.10% | 0.76x | 1.59x | ₩183.68 Million |
| 2018 | 0.87% | 1.32% | 0.60x | 1.10x | ₩-4.09 Billion |
| 2019 | 7.59% | 11.22% | 0.57x | 1.19x | ₩-1.16 Billion |
| 2020 | 12.06% | 16.62% | 0.59x | 1.23x | ₩1.14 Billion |
| 2021 | 18.91% | 24.36% | 0.64x | 1.21x | ₩5.77 Billion |
| 2022 | 22.92% | 34.06% | 0.60x | 1.13x | ₩10.79 Billion |
| 2023 | 13.77% | 27.59% | 0.47x | 1.06x | ₩3.50 Billion |
| 2024 | 16.80% | 34.02% | 0.45x | 1.09x | ₩7.41 Billion |
Industry Comparison
This section compares M.I.TECH Co.Ltd's net assets metrics with peer companies in the Medical Instruments & Supplies industry.
Industry Context
- Industry: Medical Instruments & Supplies
- Average net assets among peers: $185,258,332,152
- Average return on equity (ROE) among peers: 0.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| M.I.TECH Co.Ltd (179290) | ₩120.80 Billion | 4.08% | 0.11x | $103.97 Million |
| DIO Corporation (039840) | $142.42 Billion | 15.26% | 0.92x | $90.74 Million |
| Cellumed Co. Ltd (049180) | $23.02 Billion | -40.27% | 1.15x | $37.57 Million |
| Interojo Inc (119610) | $157.03 Billion | 8.24% | 0.56x | $105.97 Million |
| Dentium (145720) | $561.21 Billion | 2.92% | 0.66x | $219.45 Million |
| Kyobo 8 Special Purpose Acquisition Company (307280) | $42.62 Billion | 15.52% | 0.12x | $27.68 Million |
About M.I.TECH Co.Ltd
M.I.TECH Co.,Ltd engages in the provision of various medical devices in South Korea. The company offers HANAROSTENT, a non-vascular stent; and glucometers under the GBIO BASE and RAPICHECK brand names. It also provides beauty systems, such as BRT system which is used in cleansing skin and inject the effective component in non-invasive way; and ClearView which is used in injecting the effective co… Read more