Spigen Korea Co. Ltd Net Assets
Spigen Korea Co. Ltd net assets. Based on the latest financial reports, Spigen Korea Co. Ltd (192440) has net assets worth ₩520.47 Billion KRW (≈ $352.71 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 (₩576.81 Billion ≈ $390.89 Million USD) and total liabilities (₩56.34 Billion ≈ $38.18 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. Also explore Spigen Korea Co. Ltd (192440) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩520.47 Billion |
| % of Total Assets | 90.23% |
| Annual Growth Rate | 14.9% |
| 5-Year Change | 53.88% |
| 10-Year Change | 225.99% |
| Growth Volatility | 5.0 |
Net Assets of Spigen Korea Co. Ltd (2014–2024)
Net assets of Spigen Korea Co. Ltd from 2014 to 2024. This chart illustrates how Spigen Korea Co. Ltd's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Spigen Korea Co. Ltd to measure how much of total assets are equity-financed.
Annual Net Assets for Spigen Korea Co. Ltd (2014–2024)
The table below shows the annual net assets of Spigen Korea Co. Ltd from 2014 to 2024. For live market cap and overall valuation, see Spigen Korea Co. Ltd (192440) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩517.10 Billion ≈ $350.43 Million |
+10.12% |
| 2023-12-31 | ₩469.59 Billion ≈ $318.24 Million |
+11.00% |
| 2022-12-31 | ₩423.05 Billion ≈ $286.69 Million |
+6.61% |
| 2021-12-31 | ₩396.83 Billion ≈ $268.93 Million |
+18.09% |
| 2020-12-31 | ₩336.03 Billion ≈ $227.73 Million |
+14.12% |
| 2019-12-31 | ₩294.46 Billion ≈ $199.55 Million |
+12.69% |
| 2018-12-31 | ₩261.30 Billion ≈ $177.08 Million |
+18.04% |
| 2017-12-31 | ₩221.37 Billion ≈ $150.02 Million |
+14.35% |
| 2016-12-31 | ₩193.60 Billion ≈ $131.20 Million |
+22.05% |
| 2015-12-31 | ₩158.62 Billion ≈ $107.50 Million |
+23.06% |
| 2014-12-31 | ₩128.90 Billion ≈ $87.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Spigen Korea 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 528.4% over the analyzed period, indicating profitable operations and earnings retention.
Spigen Korea Co. Ltd Net Assets Breakdown (December 2024)
Spigen Korea Co. Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩416.90 Billion | 80.62% |
| Common Stock | ₩3.11 Billion | 0.60% |
| Other Components | ₩97.09 Billion | 18.78% |
| Total Equity | ₩517.10 Billion | 100.00% |
Spigen Korea Co. Ltd Competitors by Market Cap
The table below lists competitors of Spigen Korea Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Quartzsea Acquisition Corporati
NASDAQ:QSEA
|
$107.83 Million |
|
D&D Platform Reit Co Ltd
KO:377190
|
$107.83 Million |
|
BEC World Public Company Limited
BK:BEC
|
$107.85 Million |
|
Singatron Enterprise Co Ltd
TWO:6126
|
$107.89 Million |
|
FastPartner AB Series D
ST:FPAR-D
|
$107.75 Million |
|
Reward Wool Industry Corp
TW:1423
|
$107.68 Million |
|
Atlas Resources Tbk
JK:ARII
|
$107.67 Million |
|
SAI SILKS (KALAMANDIR) LIMITED
NSE:KALAMANDIR
|
$107.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spigen Korea Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 467,506,562,730 to 517,097,145,930, a change of 49,590,583,200 (10.6%).
- Net income of 28,988,503,070 contributed positively to equity growth.
- Dividend payments of 4,196,763,070 reduced retained earnings.
- Other factors increased equity by 24,798,843,200.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩28.99 Billion | +5.61% |
| Dividends Paid | ₩4.20 Billion | -0.81% |
| Other Changes | ₩24.80 Billion | +4.8% |
| Total Change | ₩- | 10.61% |
Book Value vs Market Value Analysis
This analysis compares Spigen Korea 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: 0.32x
- 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 0.88x to 0.32x 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 | ₩31271.52 | ₩27600.00 | x |
| 2017-12-31 | ₩36555.97 | ₩27600.00 | x |
| 2018-12-31 | ₩43334.33 | ₩27600.00 | x |
| 2019-12-31 | ₩48833.62 | ₩27600.00 | x |
| 2020-12-31 | ₩55728.65 | ₩27600.00 | x |
| 2021-12-31 | ₩65811.47 | ₩27600.00 | x |
| 2022-12-31 | ₩70159.39 | ₩27600.00 | x |
| 2023-12-31 | ₩77532.27 | ₩27600.00 | x |
| 2024-12-31 | ₩85756.50 | ₩27600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spigen Korea 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): 5.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.23%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.10x
- Recent ROE (5.61%) is below the historical average (15.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 31.51% | 28.60% | 0.99x | 1.12x | ₩27.73 Billion |
| 2015 | 23.51% | 25.18% | 0.83x | 1.12x | ₩21.43 Billion |
| 2016 | 19.91% | 21.51% | 0.83x | 1.11x | ₩19.19 Billion |
| 2017 | 18.37% | 18.07% | 0.87x | 1.16x | ₩18.52 Billion |
| 2018 | 16.34% | 16.00% | 0.90x | 1.14x | ₩16.57 Billion |
| 2019 | 13.70% | 13.07% | 0.89x | 1.18x | ₩10.89 Billion |
| 2020 | 15.91% | 13.26% | 0.99x | 1.21x | ₩19.88 Billion |
| 2021 | 11.54% | 11.88% | 0.84x | 1.16x | ₩6.13 Billion |
| 2022 | 7.80% | 7.40% | 0.94x | 1.12x | ₩-9.29 Billion |
| 2023 | 9.12% | 9.53% | 0.87x | 1.10x | ₩-4.10 Billion |
| 2024 | 5.61% | 6.23% | 0.82x | 1.10x | ₩-22.72 Billion |
Industry Comparison
This section compares Spigen Korea Co. Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $73,371,930,805,460
- Average return on equity (ROE) among peers: -0.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spigen Korea Co. Ltd (192440) | ₩520.47 Billion | 31.51% | 0.11x | $107.80 Million |
| LG Corp (003550) | $12.11 Trillion | 7.26% | 0.37x | $9.70 Billion |
| LG Corp Preferred (003555) | $28.13 Trillion | 2.04% | 0.12x | $127.34 Million |
| Nam Sung (004270) | $63.89 Billion | 4.53% | 1.81x | $10.70 Million |
| Samsung Electronics Co Ltd (005930) | $247.75 Trillion | 17.72% | 0.37x | $874.18 Billion |
| Samsung Electronics Co Pref (005935) | $436.32 Trillion | 10.14% | 0.30x | $93.31 Billion |
| Anam Electroni (008700) | $45.07 Billion | 2.37% | 0.92x | $61.57 Million |
| LG Display (034220) | $8.77 Trillion | -31.17% | 3.08x | $2.45 Billion |
| Paseco Co. Ltd (037070) | $82.92 Billion | -20.23% | 0.45x | $86.08 Million |
| Winix Inc (044340) | $42.46 Billion | 0.00% | 0.62x | $26.46 Million |
| Intops Co. Ltd (049070) | $402.98 Billion | 5.61% | 0.58x | $162.56 Million |
About Spigen Korea Co. Ltd
Spigen Korea Co.,Ltd, together with its subsidiaries, engages in manufacture, wholesale, and retail of accessories for small mobile devices and electronic devices in South Korea, rest of Asia, Europe, North America, and internationally. The company offers smartphone cases, screen protectors, charging accessories, lifestyle products, bicycle products, and vehicle products under the Spigen brand; a… Read more