Hisem Co Ltd (200470) - Net Assets
Based on the latest financial reports, Hisem Co Ltd (200470) has net assets worth ₩55.42 Billion KRW (≈ $37.56 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 (₩162.58 Billion ≈ $110.18 Million USD) and total liabilities (₩107.16 Billion ≈ $72.62 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 200470 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩55.42 Billion |
| % of Total Assets | 34.09% |
| Annual Growth Rate | 1.82% |
| 5-Year Change | -17.86% |
| 10-Year Change | 25.89% |
| Growth Volatility | 27.28 |
Hisem Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Hisem Co Ltd's net assets have evolved over time, based on quarterly financial data. See Hisem Co Ltd (200470) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hisem Co Ltd (2014–2024)
The table below shows the annual net assets of Hisem Co Ltd from 2014 to 2024. For live valuation and market cap data, see Hisem Co Ltd (200470) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩55.24 Billion ≈ $37.43 Million |
-43.68% |
| 2023-12-31 | ₩98.08 Billion ≈ $66.47 Million |
-14.54% |
| 2022-12-31 | ₩114.77 Billion ≈ $77.78 Million |
+61.90% |
| 2021-12-31 | ₩70.89 Billion ≈ $48.04 Million |
+5.42% |
| 2020-12-31 | ₩67.25 Billion ≈ $45.57 Million |
+10.76% |
| 2019-12-31 | ₩60.72 Billion ≈ $41.15 Million |
+7.35% |
| 2018-12-31 | ₩56.56 Billion ≈ $38.33 Million |
+38.57% |
| 2017-12-31 | ₩40.82 Billion ≈ $27.66 Million |
+1.59% |
| 2016-12-31 | ₩40.18 Billion ≈ $27.23 Million |
-8.43% |
| 2015-12-31 | ₩43.88 Billion ≈ $29.74 Million |
-4.86% |
| 2014-12-31 | ₩46.12 Billion ≈ $31.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hisem 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 decreased by 244.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩21.18 Billion | 38.35% |
| Other Components | ₩58.83 Billion | 106.51% |
| Total Equity | ₩55.24 Billion | 100.00% |
Hisem Co Ltd Competitors by Market Cap
The table below lists competitors of Hisem Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GSR III Acquisition Corp. Ordinary Shares
NASDAQ:GSRT
|
$356.55 Million |
|
Shenzhen Tongye Technology Co.Ltd.
SHE:300960
|
$356.58 Million |
|
DWS Municipal Income Trust
NYSE:KTF
|
$356.86 Million |
|
eDreams Odigeo SA
MC:EDR
|
$356.95 Million |
|
Saratoga Investment Corp
NYSE:SAR
|
$356.53 Million |
|
LH Shopping Centers Leasehold
BK:LHSC
|
$356.50 Million |
|
Xiamen R&T Plumbing Technology Co Ltd
SHE:002790
|
$356.49 Million |
|
Jiang Su New Technology Co. Ltd.
SHE:301229
|
$356.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hisem Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 98,080,675,460 to 55,236,215,990, a change of -42,844,459,470 (-43.7%).
- Net loss of 50,716,914,630 reduced equity.
- Share repurchases of 8,605,551,480 reduced equity.
- New share issuances of 8,605,551,470 increased equity.
- Other factors increased equity by 7,872,455,170.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-50.72 Billion | -91.82% |
| Share Repurchases | ₩8.61 Billion | -15.58% |
| Share Issuances | ₩8.61 Billion | +15.58% |
| Other Changes | ₩7.87 Billion | +14.25% |
| Total Change | ₩- | -43.68% |
Book Value vs Market Value Analysis
This analysis compares Hisem 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: 9.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.43x to 9.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩2288.87 | ₩12420.00 | x |
| 2017-12-31 | ₩2325.29 | ₩12420.00 | x |
| 2018-12-31 | ₩3222.07 | ₩12420.00 | x |
| 2019-12-31 | ₩3458.91 | ₩12420.00 | x |
| 2020-12-31 | ₩3831.08 | ₩12420.00 | x |
| 2021-12-31 | ₩2620.08 | ₩12420.00 | x |
| 2022-12-31 | ₩2804.72 | ₩12420.00 | x |
| 2023-12-31 | ₩2396.85 | ₩12420.00 | x |
| 2024-12-31 | ₩1303.94 | ₩12420.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hisem 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): -91.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -58.48%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.94x
- Recent ROE (-91.82%) is below the historical average (-5.89%), 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 | 6.42% | 9.39% | 0.49x | 1.38x | ₩-1.65 Billion |
| 2015 | -4.85% | -9.83% | 0.38x | 1.30x | ₩-6.52 Billion |
| 2016 | -9.17% | -23.20% | 0.32x | 1.23x | ₩-7.70 Billion |
| 2017 | 2.11% | 3.81% | 0.33x | 1.69x | ₩-3.22 Billion |
| 2018 | 26.20% | 31.45% | 0.38x | 2.18x | ₩9.16 Billion |
| 2019 | 6.90% | 8.94% | 0.37x | 2.10x | ₩-1.88 Billion |
| 2020 | 9.90% | 13.42% | 0.38x | 1.94x | ₩-64.79 Million |
| 2021 | 3.76% | 5.64% | 0.41x | 1.64x | ₩-4.42 Billion |
| 2022 | 2.69% | 4.20% | 0.34x | 1.87x | ₩-8.39 Billion |
| 2023 | -16.98% | -17.77% | 0.45x | 2.14x | ₩-26.46 Billion |
| 2024 | -91.82% | -58.48% | 0.53x | 2.94x | ₩-56.24 Billion |
Industry Comparison
This section compares Hisem 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: $195,151,533,166
- Average return on equity (ROE) among peers: 3.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hisem Co Ltd (200470) | ₩55.42 Billion | 6.42% | 1.93x | $356.55 Million |
| D I Corp (003160) | $69.39 Billion | 2.63% | 0.60x | $516.59 Million |
| Samick Thk (004380) | $79.42 Billion | 14.27% | 1.15x | $139.72 Million |
| PSMC CO. Ltd (024850) | $85.07 Billion | 4.62% | 0.35x | $1.44 Billion |
| Mirae Corporation (025560) | $65.14 Billion | -11.23% | 0.13x | $133.78 Million |
| KC Co. Ltd (029460) | $240.37 Billion | 10.81% | 0.27x | $251.26 Million |
| MK Electron Co. Ltd (033160) | $299.60 Billion | 14.93% | 4.29x | $439.85 Million |
| Signetics Corporation (033170) | $117.94 Billion | -13.08% | 0.30x | $33.29 Million |
| Nepes Corporation (033640) | $111.55 Billion | -7.80% | 2.19x | $590.70 Million |
| EO Technics Co. Ltd (039030) | $687.90 Billion | 8.32% | 0.13x | $4.24 Billion |
| STI Co. Ltd (039440) | $195.15 Billion | 11.89% | 0.73x | $311.60 Million |
About Hisem Co Ltd
APACT Co., Ltd. manufactures and sells semiconductor testing equipment in South Korea. It offers package test and inspection equipment. The company was formerly known as Hisem Co., Ltd. and changed its name to APACT Co., Ltd. in March 2020. APACT Co., Ltd. was founded in 2007 and is based in Anseong-si, South Korea.