HI SPAC 3 (217500) - Net Assets

Latest as of September 2025: ₩55.16 Billion KRW ≈ $37.38 Million USD

Based on the latest financial reports, HI SPAC 3 (217500) has net assets worth ₩55.16 Billion KRW (≈ $37.38 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 (₩71.37 Billion ≈ $48.37 Million USD) and total liabilities (₩16.21 Billion ≈ $10.99 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 financial resilience of HI SPAC 3 to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩55.16 Billion
% of Total Assets	77.29%
Annual Growth Rate	26.12%
5-Year Change	39.07%
10-Year Change	N/A
Growth Volatility	84.29

HI SPAC 3 - Net Assets Trend (2016–2024)

This chart illustrates how HI SPAC 3's net assets have evolved over time, based on quarterly financial data. Also explore HI SPAC 3 assets under control for the complete picture of this company's asset base.

Annual Net Assets for HI SPAC 3 (2016–2024)

The table below shows the annual net assets of HI SPAC 3 from 2016 to 2024. For live valuation and market cap data, see market cap of HI SPAC 3.

Year	Net Assets	Change
2024-12-31	₩57.83 Billion ≈ $39.19 Million	+3.11%
2023-12-31	₩56.09 Billion ≈ $38.01 Million	+5.68%
2022-12-31	₩53.07 Billion ≈ $35.97 Million	+6.43%
2021-12-31	₩49.86 Billion ≈ $33.79 Million	+19.91%
2020-12-31	₩41.58 Billion ≈ $28.18 Million	+3.35%
2019-12-31	₩40.24 Billion ≈ $27.27 Million	+22.63%
2018-12-31	₩32.81 Billion ≈ $22.24 Million	+262.59%
2017-12-31	₩9.05 Billion ≈ $6.13 Million	+0.19%
2016-12-31	₩9.03 Billion ≈ $6.12 Million	--

Equity Component Analysis

This analysis shows how different components contribute to HI SPAC 3'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 27029.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩36.81 Billion	63.65%
Common Stock	₩3.18 Billion	5.50%
Other Components	₩17.84 Billion	30.85%
Total Equity	₩57.83 Billion	100.00%

HI SPAC 3 Competitors by Market Cap

The table below lists competitors of HI SPAC 3 ranked by their market capitalization.

Company	Market Cap
1895 of Wisconsin Inc Bancorp NASDAQ:BCOW	$55.76 Million
Coxon Precise Industrial Co Ltd TW:3607	$55.77 Million
Pintaras Jaya Bhd KLSE:9598	$55.80 Million
Sahamit Machinery Public Company Limited BK:SMIT	$55.84 Million
Senko Co. Ltd KQ:347000	$55.73 Million
Munjal Showa Limited NSE:MUNJALSHOW	$55.72 Million
Helport AI Limited Ordinary Shares NASDAQ:HPAI	$55.72 Million
CVC Technologies TWO:4744	$55.71 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in HI SPAC 3's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 54,788,287,540 to 57,830,269,420, a change of 3,041,981,880 (5.6%).
Net income of 4,537,394,980 contributed positively to equity growth.
Dividend payments of 870,236,220 reduced retained earnings.
Other factors decreased equity by 625,176,880.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩4.54 Billion	+7.85%
Dividends Paid	₩870.24 Million	-1.5%
Other Changes	₩-625.18 Million	-1.08%
Total Change	₩-	5.55%

Book Value vs Market Value Analysis

This analysis compares HI SPAC 3'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: 1.42x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	₩1901.42	₩2835.00	x
2017-12-31	₩1905.02	₩2835.00	x
2018-12-31	₩1254.62	₩2835.00	x
2019-12-31	₩1387.04	₩2835.00	x
2020-12-31	₩1433.55	₩2835.00	x
2021-12-31	₩1718.93	₩2835.00	x
2022-12-31	₩1829.53	₩2835.00	x
2023-12-31	₩1888.74	₩2835.00	x
2024-12-31	₩1993.61	₩2835.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently HI SPAC 3 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): 7.85%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.11%
• Asset Turnover: 0.48x
• Equity Multiplier: 1.34x
Recent ROE (7.85%) is above the historical average (5.28%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	0.98%	0.00%	0.00x	1.11x	₩-814.73 Million
2017	0.19%	0.00%	0.00x	1.11x	₩-887.81 Million
2018	0.13%	0.13%	0.74x	1.29x	₩-3.24 Billion
2019	10.46%	10.26%	0.91x	1.13x	₩184.61 Million
2020	4.57%	5.52%	0.64x	1.29x	₩-2.26 Billion
2021	12.39%	10.69%	0.80x	1.46x	₩1.19 Billion
2022	6.18%	7.82%	0.53x	1.48x	₩-2.03 Billion
2023	4.82%	5.90%	0.60x	1.36x	₩-2.84 Billion
2024	7.85%	12.11%	0.48x	1.34x	₩-1.25 Billion

Industry Comparison

This section compares HI SPAC 3's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.

Industry Context

Industry: Semiconductor Equipment & Materials
Average net assets among peers: $147,111,617,039
Average return on equity (ROE) among peers: 1.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
HI SPAC 3 (217500)	₩55.16 Billion	0.98%	0.29x	$55.73 Million
D I Corp (003160)	$161.25 Billion	1.96%	0.74x	$586.24 Million
Samick Thk (004380)	$150.49 Billion	11.83%	0.46x	$139.72 Million
PSMC CO. Ltd (024850)	$64.44 Billion	4.30%	1.04x	$451.89 Million
Mirae Corporation (025560)	$84.64 Billion	8.85%	0.39x	$46.76 Million
KC Co. Ltd (029460)	$96.37 Billion	13.32%	0.43x	$294.96 Million
MK Electron Co. Ltd (033160)	$250.27 Billion	13.09%	4.33x	$395.23 Million
Signetics Corporation (033170)	$147.33 Billion	-4.23%	0.36x	$50.89 Million
Nepes Corporation (033640)	$110.15 Billion	-56.50%	5.45x	$500.06 Million
EO Technics Co. Ltd (039030)	$373.95 Billion	5.84%	0.15x	$3.91 Billion
STI Co. Ltd (039440)	$32.22 Billion	13.97%	0.83x	$373.52 Million

About HI SPAC 3

KQ:217500 Korea Semiconductor Equipment & Materials

Market Cap

$55.73 Million

₩82.24 Billion KRW

Market Cap Rank

#21469 Global

#1380 in Korea

Share Price

₩2835.00

Change (1 day)

-1.56%

52-Week Range

₩1668.00 - ₩5130.00

All Time High

₩6088.71