LIG-ES SPAC (220260) - Net Assets
Based on the latest financial reports, LIG-ES SPAC (220260) has net assets worth ₩65.34 Billion KRW (≈ $44.28 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 (₩119.77 Billion ≈ $81.16 Million USD) and total liabilities (₩54.42 Billion ≈ $36.88 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 220260 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩65.34 Billion |
| % of Total Assets | 54.56% |
| Annual Growth Rate | 36.66% |
| 5-Year Change | 44.75% |
| 10-Year Change | N/A |
| Growth Volatility | 144.82 |
LIG-ES SPAC - Net Assets Trend (2016–2024)
This chart illustrates how LIG-ES SPAC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of LIG-ES SPAC.
Annual Net Assets for LIG-ES SPAC (2016–2024)
The table below shows the annual net assets of LIG-ES SPAC from 2016 to 2024. Also explore 220260 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩66.66 Billion ≈ $45.17 Million |
+8.06% |
| 2023-12-31 | ₩61.68 Billion ≈ $41.80 Million |
+4.64% |
| 2022-12-31 | ₩58.95 Billion ≈ $39.95 Million |
+7.23% |
| 2021-12-31 | ₩54.97 Billion ≈ $37.26 Million |
+19.38% |
| 2020-12-31 | ₩46.05 Billion ≈ $31.21 Million |
+3.38% |
| 2019-12-31 | ₩44.54 Billion ≈ $30.19 Million |
+24.69% |
| 2018-12-31 | ₩35.72 Billion ≈ $24.21 Million |
+18.60% |
| 2017-12-31 | ₩30.12 Billion ≈ $20.41 Million |
+449.63% |
| 2016-12-31 | ₩5.48 Billion ≈ $3.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to LIG-ES 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 grown by 82296.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩33.11 Billion | 49.67% |
| Common Stock | ₩2.66 Billion | 3.98% |
| Other Components | ₩30.90 Billion | 46.35% |
| Total Equity | ₩66.66 Billion | 100.00% |
LIG-ES SPAC Competitors by Market Cap
The table below lists competitors of LIG-ES SPAC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GLOSTER LTD (BSE)
NSE:GLOSTERLTD
|
$68.40 Million |
|
Teuton Resources Corp.
V:TUO
|
$68.45 Million |
|
Lytix Biopharma AS
OL:LYTIX
|
$68.46 Million |
|
Zeus Co.Ltd
KQ:079370
|
$68.53 Million |
|
Saigon Thuong Tin Real Estate JSC
VN:SCR
|
$68.38 Million |
|
Full House Resorts Inc
NASDAQ:FLL
|
$68.34 Million |
|
St. James's Place plc
LSE:STJ
|
$68.33 Million |
|
Skarbiec Holding S.A.
WAR:SKH
|
$68.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LIG-ES SPAC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 61,682,968,340 to 66,656,747,640, a change of 4,973,779,300 (8.1%).
- Net income of 5,143,575,630 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.14 Billion | +7.72% |
| Other Changes | ₩-169.80 Million | -0.25% |
| Total Change | ₩- | 8.06% |
Book Value vs Market Value Analysis
This analysis compares LIG-ES 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: 1.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.09x to 1.51x 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 | ₩1814.60 | ₩3800.00 | x |
| 2017-12-31 | ₩1278.17 | ₩3800.00 | x |
| 2018-12-31 | ₩1485.63 | ₩3800.00 | x |
| 2019-12-31 | ₩1692.17 | ₩3800.00 | x |
| 2020-12-31 | ₩1749.43 | ₩3800.00 | x |
| 2021-12-31 | ₩2069.94 | ₩3800.00 | x |
| 2022-12-31 | ₩2219.63 | ₩3800.00 | x |
| 2023-12-31 | ₩2322.55 | ₩3800.00 | x |
| 2024-12-31 | ₩2509.83 | ₩3800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LIG-ES 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): 7.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.22%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.89x
- Recent ROE (7.72%) is above the historical average (5.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.50% | 0.08% | 6.00x | 1.08x | ₩-520.59 Million |
| 2017 | 3.60% | 2.50% | 0.84x | 1.71x | ₩-1.93 Billion |
| 2018 | 15.37% | 12.36% | 0.68x | 1.82x | ₩1.92 Billion |
| 2019 | 0.63% | 0.65% | 0.64x | 1.53x | ₩-4.17 Billion |
| 2020 | 3.26% | 3.45% | 0.61x | 1.55x | ₩-3.10 Billion |
| 2021 | 8.02% | 9.13% | 0.51x | 1.73x | ₩-1.09 Billion |
| 2022 | 6.47% | 6.68% | 0.59x | 1.65x | ₩-2.08 Billion |
| 2023 | 4.54% | 5.91% | 0.49x | 1.59x | ₩-3.36 Billion |
| 2024 | 7.72% | 10.22% | 0.40x | 1.89x | ₩-1.52 Billion |
Industry Comparison
This section compares LIG-ES SPAC's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,108,606,879,159
- Average return on equity (ROE) among peers: 5.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LIG-ES SPAC (220260) | ₩65.34 Billion | 0.50% | 0.83x | $68.39 Million |
| DL Holdings CO. LTD. (000210) | $1.84 Trillion | 11.74% | 1.01x | $770.22 Million |
| DL Holdings Co Ltd Preferred (000215) | $6.74 Trillion | 9.87% | 1.00x | $28.99 Million |
| Norooholdings (000320) | $577.97 Billion | 2.42% | 0.82x | $111.47 Million |
| Noroo Holdings Co Ltd (000325) | $402.45 Billion | 6.47% | 1.12x | $4.50 Million |
| Samhwa Paint (000390) | $287.82 Billion | 8.63% | 0.78x | $116.54 Million |
| Kangnam Jevisco Co Ltd (000860) | $661.93 Billion | 6.82% | 0.37x | $110.30 Million |
| Paik Kwang Ind (001340) | $130.21 Billion | 4.87% | 1.15x | $145.71 Million |
| Bo Lak (002760) | $39.25 Billion | 1.83% | 0.27x | $40.59 Million |
| Songwon Industrial (004430) | $288.63 Billion | -4.39% | 1.97x | $188.51 Million |
| Cho Kwang Pain (004910) | $116.11 Billion | 5.19% | 0.74x | $23.89 Million |
About LIG-ES SPAC
Chemtros Co., Ltd. engages in the manufacture and sale of chemical intermediates, and applied materials and adhesives in South Korea. The company offers products in the area of electronic materials, including materials at the display field, such as OLED, LCD, etc.; and additives for secondary cells for smartphone, tablet PC, electric automobile, rechargeable battery, etc. It also offers polymer a… Read more