SEOJEON ELECTRIC MACHINERY Co.Ltd
SEOJEON ELECTRIC MACHINERY Co.,Ltd. manufactures and sells electric switchboards and control panels in South Korea. It offers switchgears, including environment friendly compact type, medium voltage compact, low voltage module, metal clad, gas insulated, asesmatic, smart, and DC switchgears, as well as rectifiers, motor control centers, and distribution panels; and e-Keey Dry system for applicati… Read more
SEOJEON ELECTRIC MACHINERY Co.Ltd (189860) - Net Assets
Latest net assets as of September 2025: ₩40.86 Billion KRW
Based on the latest financial reports, SEOJEON ELECTRIC MACHINERY Co.Ltd (189860) has net assets worth ₩40.86 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 (₩71.67 Billion) and total liabilities (₩30.81 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 | ₩40.86 Billion |
| % of Total Assets | 57.02% |
| Annual Growth Rate | 7.1% |
| 5-Year Change | -21.33% |
| 10-Year Change | 3.65% |
| Growth Volatility | 34.91 |
SEOJEON ELECTRIC MACHINERY Co.Ltd - Net Assets Trend (2013–2024)
This chart illustrates how SEOJEON ELECTRIC MACHINERY 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 SEOJEON ELECTRIC MACHINERY Co.Ltd (2013–2024)
The table below shows the annual net assets of SEOJEON ELECTRIC MACHINERY Co.Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩31.48 Billion | +3.70% |
| 2023-12-31 | ₩30.35 Billion | -10.98% |
| 2022-12-31 | ₩34.10 Billion | -8.56% |
| 2021-12-31 | ₩37.29 Billion | -6.81% |
| 2020-12-31 | ₩40.01 Billion | +5.95% |
| 2019-12-31 | ₩37.76 Billion | +2.31% |
| 2018-12-31 | ₩36.91 Billion | +9.69% |
| 2017-12-31 | ₩33.65 Billion | +7.19% |
| 2016-12-31 | ₩31.39 Billion | +3.37% |
| 2015-12-31 | ₩30.37 Billion | -6.32% |
| 2014-12-31 | ₩32.42 Billion | +119.13% |
| 2013-12-31 | ₩14.79 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SEOJEON ELECTRIC MACHINERY 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 68.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩21.87 Billion | 69.49% |
| Common Stock | ₩4.85 Billion | 15.41% |
| Other Components | ₩4.75 Billion | 15.10% |
| Total Equity | ₩31.48 Billion | 100.00% |
SEOJEON ELECTRIC MACHINERY Co.Ltd Competitors by Market Cap
The table below lists competitors of SEOJEON ELECTRIC MACHINERY Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YXT.COM GROUP HOLDING LIMITED American Depository Shares
NASDAQ:YXT
|
$17.54 Million |
|
MEI Pharma Inc
NASDAQ:MEIP
|
$17.54 Million |
|
George Kent (Malaysia) Bhd
KLSE:3204
|
$17.55 Million |
|
UNITRAD
KLSE:0247
|
$17.55 Million |
|
Vertex Minerals Ltd
AU:VTX
|
$17.53 Million |
|
Pluk Phak Praw Rak Mae Public Company Limited
BK:OKJ
|
$17.53 Million |
|
SECURE INC.
F:Q58
|
$17.52 Million |
|
Bank Agris Tbk
JK:AGRS
|
$17.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SEOJEON ELECTRIC MACHINERY Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 30,352,827,010 to 31,475,500,020, a change of 1,122,673,010 (3.7%).
- Net income of 1,083,310,880 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.08 Billion | +3.44% |
| Other Changes | ₩39.36 Million | +0.13% |
| Total Change | ₩- | 3.70% |
Book Value vs Market Value Analysis
This analysis compares SEOJEON ELECTRIC MACHINERY 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: 1.45x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩3236.70 | ₩4705.00 | x |
| 2017-12-31 | ₩3469.52 | ₩4705.00 | x |
| 2018-12-31 | ₩3805.88 | ₩4705.00 | x |
| 2019-12-31 | ₩3893.66 | ₩4705.00 | x |
| 2020-12-31 | ₩4125.40 | ₩4705.00 | x |
| 2021-12-31 | ₩3844.62 | ₩4705.00 | x |
| 2022-12-31 | ₩3515.41 | ₩4705.00 | x |
| 2023-12-31 | ₩3129.55 | ₩4705.00 | x |
| 2024-12-31 | ₩3245.31 | ₩4705.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SEOJEON ELECTRIC MACHINERY 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): 3.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.71%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 2.02x
- Recent ROE (3.44%) is below the historical average (6.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 38.53% | 10.39% | 2.02x | 1.83x | ₩4.22 Billion |
| 2014 | 30.25% | 17.42% | 1.40x | 1.24x | ₩6.57 Billion |
| 2015 | 0.51% | 0.37% | 1.15x | 1.20x | ₩-2.88 Billion |
| 2016 | 4.42% | 2.77% | 1.23x | 1.30x | ₩-1.75 Billion |
| 2017 | 8.30% | 5.56% | 1.15x | 1.30x | ₩-573.53 Million |
| 2018 | 9.12% | 5.88% | 1.09x | 1.42x | ₩-323.41 Million |
| 2019 | 3.54% | 2.19% | 1.08x | 1.50x | ₩-2.44 Billion |
| 2020 | 6.34% | 4.14% | 1.09x | 1.40x | ₩-1.46 Billion |
| 2021 | -6.51% | -4.63% | 1.04x | 1.36x | ₩-6.16 Billion |
| 2022 | -9.36% | -6.30% | 0.99x | 1.50x | ₩-6.60 Billion |
| 2023 | -12.33% | -8.65% | 0.79x | 1.80x | ₩-6.78 Billion |
| 2024 | 3.44% | 1.71% | 1.00x | 2.02x | ₩-2.06 Billion |
Industry Comparison
This section compares SEOJEON ELECTRIC MACHINERY Co.Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,169,826,858,518
- Average return on equity (ROE) among peers: 4.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SEOJEON ELECTRIC MACHINERY Co.Ltd (189860) | ₩40.86 Billion | 38.53% | 0.75x | $17.53 Million |
| Kumho Electric (001210) | $302.39 Billion | 8.90% | 0.83x | $23.46 Million |
| Taihan Electric Wire Co Ltd (001440) | $321.92 Billion | -0.92% | 2.64x | $2.17 Billion |
| Posco Chemical Co Ltd (003670) | $3.32 Trillion | -6.39% | 1.39x | $4.87 Billion |
| Sebang Global Battery Co Ltd (004490) | $1.34 Trillion | 8.71% | 0.37x | $222.68 Million |
| LS Corp (006260) | $3.01 Trillion | 4.09% | 2.33x | $3.06 Billion |
| Daewon Cable (006340) | $42.00 Billion | 0.90% | 1.45x | $196.28 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $113.85 Billion | 5.97% | 0.99x | $70.84 Million |
| Samsung SDI (006400) | $7.54 Trillion | 1.70% | 0.40x | $16.12 Billion |
| Samsung Sdi Co Pref (006405) | $15.20 Trillion | 7.70% | 0.70x | $7.85 Billion |
| LS Electric (010120) | $509.15 Billion | 18.56% | 1.33x | $7.89 Billion |