Kyobo 3 SPAC (208710) - Net Assets
Based on the latest financial reports, Kyobo 3 SPAC (208710) has net assets worth ₩48.84 Billion KRW (≈ $33.10 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩90.61 Billion ≈ $61.41 Million USD) and total liabilities (₩41.78 Billion ≈ $28.31 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 Kyobo 3 SPAC assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩48.84 Billion |
| % of Total Assets | 53.9% |
| Annual Growth Rate | 5.13% |
| 5-Year Change | -3.93% |
| 10-Year Change | 29.92% |
| Growth Volatility | 18.53 |
Kyobo 3 SPAC - Net Assets Trend (2015–2025)
This chart illustrates how Kyobo 3 SPAC's net assets have evolved over time, based on quarterly financial data. Check 208710 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Kyobo 3 SPAC (2015–2025)
The table below shows the annual net assets of Kyobo 3 SPAC from 2015 to 2025. For live valuation and market cap data, see Kyobo 3 SPAC (208710) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩47.58 Billion ≈ $32.24 Million |
-11.65% |
| 2024-12-31 | ₩53.85 Billion ≈ $36.49 Million |
-6.40% |
| 2023-12-31 | ₩57.53 Billion ≈ $38.99 Million |
+12.30% |
| 2022-12-31 | ₩51.23 Billion ≈ $34.72 Million |
+3.46% |
| 2021-12-31 | ₩49.52 Billion ≈ $33.56 Million |
+31.52% |
| 2020-12-31 | ₩37.65 Billion ≈ $25.52 Million |
-32.93% |
| 2019-12-31 | ₩56.13 Billion ≈ $38.04 Million |
+20.86% |
| 2018-12-31 | ₩46.45 Billion ≈ $31.48 Million |
+9.86% |
| 2017-12-31 | ₩42.28 Billion ≈ $28.65 Million |
+15.46% |
| 2016-12-31 | ₩36.62 Billion ≈ $24.82 Million |
+26.92% |
| 2015-12-31 | ₩28.85 Billion ≈ $19.55 Million |
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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 209.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩65.31 Billion | 137.28% |
| Total Equity | ₩47.58 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 |
|---|---|
|
Despec Bilgisayar Pazarlama ve Ticaret AS
IS:DESPC
|
$20.59 Million |
|
RIAS A/S
CO:RIAS-B
|
$20.59 Million |
|
Ulima Nitra PT
JK:UNIQ
|
$20.60 Million |
|
EnWave Corporation
V:ENW
|
$20.61 Million |
|
Attica Publications S.A
AT:ATEK
|
$20.57 Million |
|
Signetics Corporation
KQ:033170
|
$20.57 Million |
|
BLUELAKE MINERAL AB
F:5KG0
|
$20.55 Million |
|
Promimic AB
ST:PRO
|
$20.53 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 2024 to 2025, total equity changed from 53,849,624,310 to 47,575,057,510, a change of -6,274,566,800 (-11.7%).
- Net loss of 6,360,335,880 reduced equity.
- Share repurchases of 11,422,180 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-6.36 Billion | -13.37% |
| Share Repurchases | ₩11.42 Million | -0.02% |
| Other Changes | ₩97.19 Million | +0.2% |
| Total Change | ₩- | -11.65% |
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: 0.64x
- 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 1.71x to 0.64x 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 | ₩2305.00 | x |
| 2017-12-31 | ₩1545.02 | ₩2305.00 | x |
| 2018-12-31 | ₩1687.26 | ₩2305.00 | x |
| 2019-12-31 | ₩1956.18 | ₩2305.00 | x |
| 2020-12-31 | ₩1310.37 | ₩2305.00 | x |
| 2021-12-31 | ₩1195.21 | ₩2305.00 | x |
| 2022-12-31 | ₩1212.44 | ₩2305.00 | x |
| 2023-12-31 | ₩971.79 | ₩2305.00 | x |
| 2024-12-31 | ₩4085.67 | ₩2305.00 | x |
| 2025-12-31 | ₩3610.82 | ₩2305.00 | 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): -13.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.94%
- • Asset Turnover: 1.39x
- • Equity Multiplier: 1.95x
- Recent ROE (-13.37%) is below the historical average (-4.36%), 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 |
| 2025 | -13.37% | -4.94% | 1.39x | 1.95x | ₩-11.12 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: $303,196,561,799
- Average return on equity (ROE) among peers: 3.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kyobo 3 SPAC (208710) | ₩48.84 Billion | 12.28% | 0.86x | $20.58 Million |
| YoungPoong (000670) | $1.10 Trillion | 12.78% | 0.68x | $426.70 Million |
| Sam Hwa Capaci (001820) | $32.52 Billion | 0.00% | 2.14x | $518.05 Million |
| Samick Music I (002450) | $260.65 Billion | 5.79% | 1.00x | $57.04 Million |
| Hansol Technics (004710) | $170.33 Billion | -14.81% | 1.48x | $147.34 Million |
| Sunny Elec (004770) | $33.97 Billion | 0.00% | 0.72x | $38.98 Million |
| Samyoung Elec (005680) | $338.45 Billion | 3.51% | 0.34x | $168.06 Million |
| PJ Electronics Co. Ltd (006140) | $132.71 Billion | 6.95% | 0.45x | $45.99 Million |
| Seondo Electric Co., Ltd. (007610) | $44.54 Billion | 8.21% | 0.26x | $44.39 Million |
| Isupetasys (007660) | $162.31 Billion | 4.81% | 1.03x | $3.71 Billion |
| Korea Circuit Co. Ltd. (007810) | $751.61 Billion | 9.13% | 0.72x | $746.81 Million |
About 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