TigerElec Co. Ltd
TigerElec Co., Ltd. fabricates and manufactures high-multilayer and fine pitch PCBs in South Korea and internationally. It offers multi-layer semiconductor test boards, such as load board, probe card, burn-in board, and socket board PCBs. The company was formerly known as SDA Technology Co., Ltd. and changed its name to TigerElec Co., Ltd. in 2013. The company was founded in 1991 and is headquart… Read more
TigerElec Co. Ltd (219130) - Net Assets
Latest net assets as of September 2025: ₩56.32 Billion KRW
Based on the latest financial reports, TigerElec Co. Ltd (219130) has net assets worth ₩56.32 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 (₩87.72 Billion) and total liabilities (₩31.40 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 | ₩56.32 Billion |
| % of Total Assets | 64.2% |
| Annual Growth Rate | 11.66% |
| 5-Year Change | 9.8% |
| 10-Year Change | 53.63% |
| Growth Volatility | 20.35 |
TigerElec Co. Ltd - Net Assets Trend (2012–2024)
This chart illustrates how TigerElec Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TigerElec Co. Ltd (2012–2024)
The table below shows the annual net assets of TigerElec Co. Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩52.96 Billion | +0.30% |
| 2023-12-31 | ₩52.80 Billion | -4.77% |
| 2022-12-31 | ₩55.45 Billion | +7.63% |
| 2021-12-31 | ₩51.51 Billion | +6.80% |
| 2020-12-31 | ₩48.24 Billion | +10.48% |
| 2019-12-31 | ₩43.66 Billion | +4.35% |
| 2018-12-31 | ₩41.84 Billion | +5.77% |
| 2017-12-31 | ₩39.56 Billion | +10.92% |
| 2016-12-31 | ₩35.66 Billion | +3.44% |
| 2015-12-31 | ₩34.47 Billion | +77.47% |
| 2014-12-31 | ₩19.42 Billion | +16.50% |
| 2013-12-31 | ₩16.67 Billion | +18.28% |
| 2012-12-31 | ₩14.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TigerElec Co. Ltd'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 213.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩37.92 Billion | 71.59% |
| Common Stock | ₩3.16 Billion | 5.96% |
| Other Components | ₩11.89 Billion | 22.45% |
| Total Equity | ₩52.96 Billion | 100.00% |
TigerElec Co. Ltd Competitors by Market Cap
The table below lists competitors of TigerElec Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Havanna Holding SA
BA:HAVA
|
$67.37 Million |
|
MI70
F:MI70
|
$67.37 Million |
|
Escort Teknoloji Yatirim AS
IS:ESCOM
|
$67.38 Million |
|
Hansol Holdings Co Ltd
KO:004150
|
$67.38 Million |
|
CAB Payments Holdings Limited
PINK:CABPF
|
$67.33 Million |
|
Choil Aluminum
KO:018470
|
$67.33 Million |
|
RoboRobo Co. Ltd
KQ:215100
|
$67.27 Million |
|
Venus Remedies Limited
NSE:VENUSREM
|
$67.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TigerElec Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 52,802,721,210 to 52,961,621,180, a change of 158,899,970 (0.3%).
- Net income of 274,948,720 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩274.95 Million | +0.52% |
| Other Changes | ₩-116.05 Million | -0.22% |
| Total Change | ₩- | 0.30% |
Book Value vs Market Value Analysis
This analysis compares TigerElec Co. Ltd'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: 3.95x
- 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 5.86x to 3.95x 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 | ₩5647.78 | ₩33100.00 | x |
| 2017-12-31 | ₩6264.69 | ₩33100.00 | x |
| 2018-12-31 | ₩6626.22 | ₩33100.00 | x |
| 2019-12-31 | ₩6914.52 | ₩33100.00 | x |
| 2020-12-31 | ₩7639.13 | ₩33100.00 | x |
| 2021-12-31 | ₩8158.36 | ₩33100.00 | x |
| 2022-12-31 | ₩8780.97 | ₩33100.00 | x |
| 2023-12-31 | ₩8362.42 | ₩33100.00 | x |
| 2024-12-31 | ₩8387.58 | ₩33100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TigerElec Co. Ltd 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): 0.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.44%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.46x
- Recent ROE (0.52%) is below the historical average (7.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 26.64% | 17.80% | 0.86x | 1.73x | ₩2.35 Billion |
| 2013 | 12.54% | 9.58% | 0.70x | 1.88x | ₩422.96 Million |
| 2014 | 14.27% | 10.70% | 0.77x | 1.72x | ₩829.75 Million |
| 2015 | 6.65% | 8.52% | 0.64x | 1.22x | ₩-1.15 Billion |
| 2016 | 2.54% | 3.23% | 0.70x | 1.12x | ₩-2.66 Billion |
| 2017 | 9.53% | 11.27% | 0.74x | 1.14x | ₩-187.06 Million |
| 2018 | 5.19% | 6.44% | 0.72x | 1.12x | ₩-2.01 Billion |
| 2019 | 3.69% | 4.60% | 0.58x | 1.39x | ₩-2.75 Billion |
| 2020 | 9.17% | 10.16% | 0.64x | 1.41x | ₩-398.70 Million |
| 2021 | 6.12% | 6.27% | 0.71x | 1.38x | ₩-2.00 Billion |
| 2022 | 6.48% | 6.18% | 0.80x | 1.31x | ₩-1.95 Billion |
| 2023 | -4.84% | -5.27% | 0.68x | 1.35x | ₩-7.84 Billion |
| 2024 | 0.52% | 0.44% | 0.80x | 1.46x | ₩-5.02 Billion |
Industry Comparison
This section compares TigerElec Co. Ltd's net assets metrics with peer companies in the Semiconductors & Semiconductor Equipment industry.
Industry Context
- Industry: Semiconductors & Semiconductor Equipment
- Average net assets among peers: $97,387,989,500
- Average return on equity (ROE) among peers: 5.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TigerElec Co. Ltd (219130) | ₩56.32 Billion | 26.64% | 0.56x | $67.36 Million |
| Fidelix Co. Ltd (032580) | $47.55 Billion | -4.64% | 0.19x | $8.98 Million |
| Cloud Air Co.Ltd (036170) | $123.98 Billion | 4.45% | 0.01x | $66.69 Million |
| UNISEM Co. Ltd (036200) | $199.44 Billion | 9.82% | 0.18x | $135.48 Million |
| JUSUNG ENGINEERING Co. Ltd (036930) | $114.13 Billion | 6.75% | 1.70x | $1.42 Billion |
| Lumens Co. Ltd (038060) | $97.80 Billion | 4.10% | 0.50x | $20.25 Million |
| meerecompany Incorporated (049950) | $112.91 Billion | 10.59% | 0.18x | $52.60 Million |
| I&C Technology Co. Ltd (052860) | $44.51 Billion | -0.67% | 0.51x | $23.89 Million |
| KMH Hitech Co. Ltd (052900) | $6.44 Billion | 0.00% | 9.67x | $17.04 Million |
| 3S KOREA Co. Ltd (060310) | $42.99 Billion | 0.00% | 0.66x | $38.66 Million |
| Tokai Carbon Korea Co. Ltd (064760) | $184.14 Billion | 25.45% | 0.16x | $761.70 Million |