i3system Inc
i3system Inc. develops, manufactures, and sells thermal imaging and X-ray detectors in Korea. The company offers cooled and uncooled detectors; InGaAs(SWIR); and cephalometric and panoramic X-ray products. It also manufactures uncooled IR detectors for uncooled thermal imaging cameras for commercial products, such as security, surveillance, radiometry devices, and night vision systems, as well as… Read more
i3system Inc (214430) - Net Assets
Latest net assets as of September 2025: ₩127.45 Billion KRW
Based on the latest financial reports, i3system Inc (214430) has net assets worth ₩127.45 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 (₩179.70 Billion) and total liabilities (₩52.25 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 | ₩127.45 Billion |
| % of Total Assets | 70.92% |
| Annual Growth Rate | 17.07% |
| 5-Year Change | 49.49% |
| 10-Year Change | 107.49% |
| Growth Volatility | 37.82 |
i3system Inc - Net Assets Trend (2014–2024)
This chart illustrates how i3system Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for i3system Inc (2014–2024)
The table below shows the annual net assets of i3system Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩105.69 Billion | +17.68% |
| 2023-12-31 | ₩89.81 Billion | +14.17% |
| 2022-12-31 | ₩78.66 Billion | +7.40% |
| 2021-12-31 | ₩73.24 Billion | +3.60% |
| 2020-12-31 | ₩70.70 Billion | +2.40% |
| 2019-12-31 | ₩69.04 Billion | -2.47% |
| 2018-12-31 | ₩70.79 Billion | +11.16% |
| 2017-12-31 | ₩63.68 Billion | +14.78% |
| 2016-12-31 | ₩55.48 Billion | +8.93% |
| 2015-12-31 | ₩50.93 Billion | +133.15% |
| 2014-12-31 | ₩21.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to i3system Inc'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 391.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩76.61 Billion | 72.49% |
| Common Stock | ₩3.55 Billion | 3.36% |
| Other Components | ₩25.52 Billion | 24.15% |
| Total Equity | ₩105.69 Billion | 100.00% |
i3system Inc Competitors by Market Cap
The table below lists competitors of i3system Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui ANLI Artificial Leather
SHE:300218
|
$299.48 Million |
|
Ascencio SCA
LSE:0P2J
|
$299.57 Million |
|
ADM Korea Inc.
KQ:187660
|
$299.58 Million |
|
Vulcabras Azaleia S.A
SA:VULC3
|
$299.63 Million |
|
Shanghai Ailu Package Co. Ltd.
SHE:301062
|
$299.39 Million |
|
Founders Metals Inc.
OTCQX:FDMIF
|
$299.39 Million |
|
JinGuan Electric Co Ltd
SHG:688517
|
$299.21 Million |
|
Ebara Jitsugyo Co.Ltd
F:EJI
|
$299.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in i3system Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 89,807,641,750 to 105,685,894,190, a change of 15,878,252,440 (17.7%).
- Net income of 14,967,379,490 contributed positively to equity growth.
- Dividend payments of 2,428,937,280 reduced retained earnings.
- Other factors increased equity by 3,339,810,230.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩14.97 Billion | +14.16% |
| Dividends Paid | ₩2.43 Billion | -2.3% |
| Other Changes | ₩3.34 Billion | +3.16% |
| Total Change | ₩- | 17.68% |
Book Value vs Market Value Analysis
This analysis compares i3system Inc'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: 6.65x
- 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 decreased from 12.20x to 6.65x 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 | ₩8301.07 | ₩101300.00 | x |
| 2017-12-31 | ₩9337.23 | ₩101300.00 | x |
| 2018-12-31 | ₩10130.59 | ₩101300.00 | x |
| 2019-12-31 | ₩9880.26 | ₩101300.00 | x |
| 2020-12-31 | ₩10184.39 | ₩101300.00 | x |
| 2021-12-31 | ₩10551.16 | ₩101300.00 | x |
| 2022-12-31 | ₩11331.60 | ₩101300.00 | x |
| 2023-12-31 | ₩12937.45 | ₩101300.00 | x |
| 2024-12-31 | ₩15224.83 | ₩101300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently i3system Inc 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): 14.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.40%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.39x
- Recent ROE (14.16%) is above the historical average (11.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 24.32% | 17.01% | 0.67x | 2.13x | ₩3.10 Billion |
| 2015 | 12.76% | 16.68% | 0.55x | 1.40x | ₩1.41 Billion |
| 2016 | 13.25% | 14.38% | 0.67x | 1.38x | ₩1.80 Billion |
| 2017 | 14.70% | 13.45% | 0.81x | 1.34x | ₩2.99 Billion |
| 2018 | 13.82% | 14.15% | 0.75x | 1.30x | ₩2.71 Billion |
| 2019 | 0.26% | 0.35% | 0.57x | 1.33x | ₩-6.72 Billion |
| 2020 | 4.26% | 4.53% | 0.57x | 1.65x | ₩-4.06 Billion |
| 2021 | 4.58% | 4.21% | 0.74x | 1.47x | ₩-3.97 Billion |
| 2022 | 7.86% | 7.37% | 0.74x | 1.44x | ₩-1.68 Billion |
| 2023 | 13.99% | 10.34% | 0.93x | 1.46x | ₩3.58 Billion |
| 2024 | 14.16% | 12.40% | 0.82x | 1.39x | ₩4.40 Billion |
Industry Comparison
This section compares i3system Inc'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 |
|---|---|---|---|---|
| i3system Inc (214430) | ₩127.45 Billion | 24.32% | 0.41x | $299.47 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 |