Kyobo 3 SPAC
Photon Co., Ltd. engages in the manufacture and sale of camera module parts for smart phones in China and internationally. It offers AF/OIS (optical image stabilization) FPCB assy, folded zoom FPCB assy, SUB assy, ISM, winding coils, etc. The company was formerly known as Biolog Device Co., Ltd. and changed its name to Photon Co., Ltd. in April 2025. The company was founded in 2008 and is headqua… Read more
Kyobo 3 SPAC (208710) - Net Assets
Latest net assets as of September 2025: ₩47.36 Billion KRW
Based on the latest financial reports, Kyobo 3 SPAC (208710) has net assets worth ₩47.36 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 (₩92.66 Billion) and total liabilities (₩45.30 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 | ₩47.36 Billion |
| % of Total Assets | 51.11% |
| Annual Growth Rate | 7.18% |
| 5-Year Change | 43.02% |
| 10-Year Change | N/A |
| Growth Volatility | 18.4 |
Kyobo 3 SPAC - Net Assets Trend (2015–2024)
This chart illustrates how Kyobo 3 SPAC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kyobo 3 SPAC (2015–2024)
The table below shows the annual net assets of Kyobo 3 SPAC from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩53.85 Billion | -6.40% |
| 2023-12-31 | ₩57.53 Billion | +12.30% |
| 2022-12-31 | ₩51.23 Billion | +3.46% |
| 2021-12-31 | ₩49.52 Billion | +31.52% |
| 2020-12-31 | ₩37.65 Billion | -32.93% |
| 2019-12-31 | ₩56.13 Billion | +20.86% |
| 2018-12-31 | ₩46.45 Billion | +9.86% |
| 2017-12-31 | ₩42.28 Billion | +15.46% |
| 2016-12-31 | ₩36.62 Billion | +26.92% |
| 2015-12-31 | ₩28.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kyobo 3 SPAC'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 170.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩6.59 Billion | 12.24% |
| Other Components | ₩58.63 Billion | 108.88% |
| Total Equity | ₩53.85 Billion | 100.00% |
Kyobo 3 SPAC Competitors by Market Cap
The table below lists competitors of Kyobo 3 SPAC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kc Cottrell
KO:119650
|
$10.02 Million |
|
Shinsung Tngsn
KO:005390
|
$10.03 Million |
|
Nova MSC Bhd
KLSE:0026
|
$10.03 Million |
|
Quartz Mountain Resources Ltd
PINK:QZMRF
|
$10.03 Million |
|
Lion Industries Corporation Bhd
KLSE:4235
|
$10.02 Million |
|
Good Times Restaurants Inc
NASDAQ:GTIM
|
$10.02 Million |
|
Callinex Mines Inc
OTCQX:CLLXF
|
$10.02 Million |
|
Unimech Group Bhd
KLSE:7091
|
$10.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kyobo 3 SPAC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 60,834,468,730 to 53,849,624,310, a change of -6,984,844,420 (-11.5%).
- Net loss of 9,754,198,650 reduced equity.
- Share repurchases of 1,995,996,230 reduced equity.
- New share issuances of 1,995,996,230 increased equity.
- Other factors increased equity by 2,769,354,230.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-9.75 Billion | -18.11% |
| Share Repurchases | ₩2.00 Billion | -3.71% |
| Share Issuances | ₩2.00 Billion | +3.71% |
| Other Changes | ₩2.77 Billion | +5.14% |
| Total Change | ₩- | -11.48% |
Book Value vs Market Value Analysis
This analysis compares Kyobo 3 SPAC'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: 0.47x
- 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 1.43x to 0.47x 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 | ₩1346.46 | ₩1921.00 | x |
| 2017-12-31 | ₩1545.02 | ₩1921.00 | x |
| 2018-12-31 | ₩1687.26 | ₩1921.00 | x |
| 2019-12-31 | ₩1956.18 | ₩1921.00 | x |
| 2020-12-31 | ₩1310.37 | ₩1921.00 | x |
| 2021-12-31 | ₩1195.21 | ₩1921.00 | x |
| 2022-12-31 | ₩1212.44 | ₩1921.00 | x |
| 2023-12-31 | ₩971.79 | ₩1921.00 | x |
| 2024-12-31 | ₩4085.67 | ₩1921.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kyobo 3 SPAC 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): -18.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.19%
- • Asset Turnover: 1.37x
- • Equity Multiplier: 1.84x
- Recent ROE (-18.11%) is below the historical average (-3.46%), 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 | 12.28% | 7.90% | 1.06x | 1.47x | ₩658.47 Million |
| 2016 | 17.77% | 9.48% | 1.30x | 1.44x | ₩2.84 Billion |
| 2017 | 8.18% | 4.94% | 1.10x | 1.51x | ₩-769.19 Million |
| 2018 | 12.68% | 7.23% | 1.06x | 1.65x | ₩1.24 Billion |
| 2019 | 10.95% | 6.80% | 1.02x | 1.58x | ₩532.16 Million |
| 2020 | -44.87% | -18.41% | 0.91x | 2.69x | ₩-20.66 Billion |
| 2021 | -14.57% | -8.27% | 0.84x | 2.10x | ₩-12.17 Billion |
| 2022 | 0.50% | 0.24% | 1.24x | 1.68x | ₩-4.87 Billion |
| 2023 | -19.41% | -9.57% | 1.14x | 1.78x | ₩-17.89 Billion |
| 2024 | -18.11% | -7.19% | 1.37x | 1.84x | ₩-15.14 Billion |
Industry Comparison
This section compares Kyobo 3 SPAC's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $1,182,735,888,965
- Average return on equity (ROE) among peers: 13.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kyobo 3 SPAC (208710) | ₩47.36 Billion | 12.28% | 0.96x | $10.02 Million |
| YoungPoong (000670) | $1.92 Trillion | 12.09% | 0.37x | $141.87 Million |
| Sam Hwa Capaci (001820) | $32.31 Billion | 5.37% | 1.45x | $256.49 Million |
| Samick Music I (002450) | $129.03 Billion | 85.85% | 1.36x | $30.81 Million |
| Hansol Technics (004710) | $279.10 Billion | 9.39% | 1.12x | $84.94 Million |
| Sunny Elec (004770) | $14.69 Billion | -26.30% | 0.94x | $33.79 Million |
| PJ Electronics Co. Ltd (006140) | $104.92 Billion | 6.76% | 0.22x | $20.94 Million |
| Isupetasys (007660) | $163.27 Billion | 14.70% | 0.84x | $4.21 Billion |
| Korea Circuit Co. Ltd. (007810) | $99.55 Billion | 14.09% | 1.24x | $425.68 Million |
| Kyung In Elect (009140) | $70.58 Billion | 8.20% | 0.06x | $7.73 Million |
| Samsung Electro-Mechanics (009150) | $9.02 Trillion | 7.53% | 0.42x | $17.64 Billion |