HI SPAC 3 (217500) - Net Assets
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 217500 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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. See 217500 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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 |
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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 |
|---|---|
|
MERUS POWER OYJ EO 1
F:99H
|
$35.09 Million |
|
ABVC Biopharma Inc
NASDAQ:ABVC
|
$35.10 Million |
|
CLOUDR GROUP LTD.
F:H3L
|
$35.10 Million |
|
Dongyang Piston Co Ltd
KO:092780
|
$35.11 Million |
|
Grande Portage Resources Ltd
V:GPG
|
$35.07 Million |
|
ROYAL ROAD MIN.
F:RLU
|
$35.04 Million |
|
Mundial S.A. - Produtos de Consumo
SA:MNDL3
|
$35.03 Million |
|
Subur Tiasa Holdings Bhd
KLSE:6904
|
$35.01 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: 0.90x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩1901.42 | ₩1785.00 | x |
| 2017-12-31 | ₩1905.02 | ₩1785.00 | x |
| 2018-12-31 | ₩1254.62 | ₩1785.00 | x |
| 2019-12-31 | ₩1387.04 | ₩1785.00 | x |
| 2020-12-31 | ₩1433.55 | ₩1785.00 | x |
| 2021-12-31 | ₩1718.93 | ₩1785.00 | x |
| 2022-12-31 | ₩1829.53 | ₩1785.00 | x |
| 2023-12-31 | ₩1888.74 | ₩1785.00 | x |
| 2024-12-31 | ₩1993.61 | ₩1785.00 | 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: $263,420,049,432
- Average return on equity (ROE) among peers: 0.46%
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 | $35.09 Million |
| D I Corp (003160) | $117.06 Billion | 2.57% | 0.53x | $512.19 Million |
| Samick Thk (004380) | $79.42 Billion | 14.27% | 1.15x | $139.72 Million |
| PSMC CO. Ltd (024850) | $68.55 Billion | 0.00% | 0.61x | $1.35 Billion |
| Mirae Corporation (025560) | $37.87 Billion | -34.37% | 0.71x | $130.46 Million |
| KC Co. Ltd (029460) | $658.99 Billion | 7.27% | 0.33x | $254.27 Million |
| MK Electron Co. Ltd (033160) | $977.12 Billion | -3.61% | 1.36x | $424.98 Million |
| Signetics Corporation (033170) | $147.33 Billion | -4.23% | 0.36x | $31.95 Million |
| Nepes Corporation (033640) | $131.22 Billion | 5.04% | 1.35x | $567.26 Million |
| EO Technics Co. Ltd (039030) | $389.21 Billion | 3.11% | 0.15x | $4.24 Billion |
| STI Co. Ltd (039440) | $27.44 Billion | 14.54% | 0.79x | $303.11 Million |
About HI SPAC 3
Russell Co., Ltd. manufactures and sells semiconductor equipment in South Korea, the United States, China, Japan, Malaysia, Singapore, Germany, and internationally. The company offers CVD, PVD, ETCH, RTP, and EPI equipment. It also provides inventory equipment and parts, as well as auto and manual filling machine, and autonomous robots. The company was founded in 1999 and is based in Cheongju-si,… Read more