DeviceENG.CO.Ltd
DEVICE CO.,Ltd develops and supplies automatic control systems of semiconductors, displays, and material parts to semiconductor, LCD, and FPD manufacturers in South Korea and internationally. The company offers OLED mask cleaners, glass cleaners, auto macro inspection, DIW/chemical incline heating systems, and etcher and strippers for displays; single wafer cleaners, FOUP cleaners, cassette and m… Read more
DeviceENG.CO.Ltd (187870) - Net Assets
Latest net assets as of September 2025: ₩155.04 Billion KRW
Based on the latest financial reports, DeviceENG.CO.Ltd (187870) has net assets worth ₩155.04 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 (₩236.17 Billion) and total liabilities (₩81.14 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 | ₩155.04 Billion |
| % of Total Assets | 65.65% |
| Annual Growth Rate | 23.52% |
| 5-Year Change | 45.47% |
| 10-Year Change | N/A |
| Growth Volatility | 27.59 |
DeviceENG.CO.Ltd - Net Assets Trend (2015–2024)
This chart illustrates how DeviceENG.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 DeviceENG.CO.Ltd (2015–2024)
The table below shows the annual net assets of DeviceENG.CO.Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩143.74 Billion | +3.78% |
| 2023-12-31 | ₩138.50 Billion | +3.03% |
| 2022-12-31 | ₩134.43 Billion | +3.89% |
| 2021-12-31 | ₩129.39 Billion | +30.94% |
| 2020-12-31 | ₩98.81 Billion | +55.52% |
| 2019-12-31 | ₩63.54 Billion | +4.51% |
| 2018-12-31 | ₩60.79 Billion | +24.28% |
| 2017-12-31 | ₩48.91 Billion | +88.87% |
| 2016-12-31 | ₩25.90 Billion | +20.62% |
| 2015-12-31 | ₩21.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to DeviceENG.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 685.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩122.32 Billion | 85.10% |
| Other Components | ₩21.42 Billion | 14.90% |
| Total Equity | ₩143.74 Billion | 100.00% |
DeviceENG.CO.Ltd Competitors by Market Cap
The table below lists competitors of DeviceENG.CO.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Markforged Holding Corp
NYSE:MKFG
|
$54.06 Million |
|
Huisen Shares Group Limited
PINK:HHIGF
|
$54.06 Million |
|
Hispanotels Inversiones SOCIMI SA
MC:YHSP
|
$54.06 Million |
|
Xtra-Gold Resources Corp
OTCQB:XTGRF
|
$54.08 Million |
|
Agrometal S.A.I.
BA:AGRO
|
$54.06 Million |
|
Daehan Steel
KO:084010
|
$54.04 Million |
|
Spruce Power Holding Corp
NYSE:SPRU
|
$54.04 Million |
|
Envirosuite Ltd
AU:EVS
|
$54.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DeviceENG.CO.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 138,504,394,580 to 143,741,011,750, a change of 5,236,617,170 (3.8%).
- Net income of 7,799,616,270 contributed positively to equity growth.
- Dividend payments of 678,314,800 reduced retained earnings.
- Share repurchases of 1,702,779,640 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩7.80 Billion | +5.43% |
| Dividends Paid | ₩678.31 Million | -0.47% |
| Share Repurchases | ₩1.70 Billion | -1.18% |
| Other Changes | ₩-181.90 Million | -0.13% |
| Total Change | ₩- | 3.78% |
Book Value vs Market Value Analysis
This analysis compares DeviceENG.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: 0.86x
- 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 decreased from 4.03x to 0.86x 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 | ₩4577.50 | ₩18450.00 | x |
| 2017-12-31 | ₩6934.87 | ₩18450.00 | x |
| 2018-12-31 | ₩9059.22 | ₩18450.00 | x |
| 2019-12-31 | ₩9597.70 | ₩18450.00 | x |
| 2020-12-31 | ₩14219.99 | ₩18450.00 | x |
| 2021-12-31 | ₩18620.36 | ₩18450.00 | x |
| 2022-12-31 | ₩19571.24 | ₩18450.00 | x |
| 2023-12-31 | ₩20418.90 | ₩18450.00 | x |
| 2024-12-31 | ₩21384.35 | ₩18450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DeviceENG.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): 5.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.54%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.42x
- Recent ROE (5.43%) is below the historical average (14.29%), 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 | 6.05% | 2.55% | 1.09x | 2.19x | ₩-847.15 Million |
| 2016 | 17.53% | 6.42% | 0.85x | 3.22x | ₩1.95 Billion |
| 2017 | 15.39% | 6.53% | 1.45x | 1.63x | ₩2.64 Billion |
| 2018 | 22.91% | 14.95% | 1.25x | 1.23x | ₩7.85 Billion |
| 2019 | 7.32% | 10.76% | 0.40x | 1.70x | ₩-1.70 Billion |
| 2020 | 30.76% | 24.09% | 0.80x | 1.59x | ₩20.51 Billion |
| 2021 | 24.31% | 25.15% | 0.67x | 1.44x | ₩18.51 Billion |
| 2022 | 8.03% | 14.85% | 0.43x | 1.25x | ₩-2.64 Billion |
| 2023 | 5.20% | 12.59% | 0.31x | 1.32x | ₩-6.65 Billion |
| 2024 | 5.43% | 16.54% | 0.23x | 1.42x | ₩-6.57 Billion |
Industry Comparison
This section compares DeviceENG.CO.Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $128,266,771,899
- Average return on equity (ROE) among peers: -0.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DeviceENG.CO.Ltd (187870) | ₩155.04 Billion | 6.05% | 0.52x | $54.06 Million |
| D I Corp (003160) | $167.74 Billion | 0.65% | 0.91x | $431.82 Million |
| Samick Thk (004380) | $79.31 Billion | 5.11% | 0.99x | $42.11 Million |
| PSMC CO. Ltd (024850) | $22.26 Billion | -14.70% | 0.84x | $196.26 Million |
| Mirae Corporation (025560) | $38.02 Billion | 0.00% | 1.53x | $27.97 Million |
| MK Electron Co. Ltd (033160) | $352.21 Billion | 7.86% | 4.63x | $116.29 Million |
| Signetics Corporation (033170) | $147.33 Billion | -4.23% | 0.36x | $27.88 Million |
| Nepes Corporation (033640) | $120.68 Billion | 0.00% | 0.99x | $198.76 Million |
| EO Technics Co. Ltd (039030) | $163.17 Billion | 20.30% | 0.48x | $2.23 Billion |
| Hanmi Semicon (042700) | $127.29 Billion | 5.51% | 0.44x | $8.58 Billion |
| Gigalane Co Ltd (049080) | $64.66 Billion | -20.68% | 1.35x | $19.35 Million |