Korea SPAC 3
Creative & Innovative System Corporation manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc. It offers coater, roll press, slitter, tape laminator electrode manufacturing machines, as well as optical and assembly machines, business status, manufacturing process, electrode manufacturing facility labs,… Read more
Korea SPAC 3 (222080) - Net Assets
Latest net assets as of September 2025: ₩496.55 Billion KRW
Based on the latest financial reports, Korea SPAC 3 (222080) has net assets worth ₩496.55 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 (₩694.38 Billion) and total liabilities (₩197.83 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 | ₩496.55 Billion |
| % of Total Assets | 71.51% |
| Annual Growth Rate | 56.75% |
| 5-Year Change | 642.53% |
| 10-Year Change | N/A |
| Growth Volatility | 76.93 |
Korea SPAC 3 - Net Assets Trend (2016–2024)
This chart illustrates how Korea SPAC 3's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korea SPAC 3 (2016–2024)
The table below shows the annual net assets of Korea SPAC 3 from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩478.74 Billion | +80.23% |
| 2023-12-31 | ₩265.62 Billion | +93.37% |
| 2022-12-31 | ₩137.37 Billion | +20.61% |
| 2021-12-31 | ₩113.89 Billion | +76.65% |
| 2020-12-31 | ₩64.47 Billion | +29.80% |
| 2019-12-31 | ₩49.67 Billion | +31.42% |
| 2018-12-31 | ₩37.79 Billion | -18.37% |
| 2017-12-31 | ₩46.30 Billion | +252.49% |
| 2016-12-31 | ₩13.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korea 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 208.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩91.84 Billion | 19.18% |
| Common Stock | ₩7.74 Billion | 1.62% |
| Other Components | ₩379.17 Billion | 79.20% |
| Total Equity | ₩478.74 Billion | 100.00% |
Korea SPAC 3 Competitors by Market Cap
The table below lists competitors of Korea SPAC 3 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Strive Asset Management
NASDAQ:ASST
|
$406.83 Million |
|
Bright Oceans Inter Telecom Corp
SHG:600289
|
$406.89 Million |
|
Pacific Biosciences of California
NASDAQ:PACB
|
$406.98 Million |
|
Shenzhen Deren Electronic Co Ltd
SHE:002055
|
$407.04 Million |
|
Compass Diversified Holdings
NYSE:CODI
|
$406.77 Million |
|
Dynamatic Technologies Limited
NSE:DYNAMATECH
|
$406.71 Million |
|
CSSC(HK)SHIPPING CO.LTD
F:3LL
|
$406.68 Million |
|
Nichols plc
PINK:NJMVF
|
$406.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea SPAC 3's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 263,248,245,030 to 478,739,602,530, a change of 215,491,357,500 (81.9%).
- Net income of 56,240,111,400 contributed positively to equity growth.
- Share repurchases of 44,588,710 reduced equity.
- Other factors increased equity by 159,295,834,810.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩56.24 Billion | +11.75% |
| Share Repurchases | ₩44.59 Million | -0.01% |
| Other Changes | ₩159.30 Billion | +33.27% |
| Total Change | ₩- | 81.86% |
Book Value vs Market Value Analysis
This analysis compares Korea 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: 1.88x
- 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 6.19x to 1.88x 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 | ₩1876.32 | ₩11610.00 | x |
| 2017-12-31 | ₩868.76 | ₩11610.00 | x |
| 2018-12-31 | ₩709.21 | ₩11610.00 | x |
| 2019-12-31 | ₩881.74 | ₩11610.00 | x |
| 2020-12-31 | ₩1121.44 | ₩11610.00 | x |
| 2021-12-31 | ₩1853.75 | ₩11610.00 | x |
| 2022-12-31 | ₩2221.06 | ₩11610.00 | x |
| 2023-12-31 | ₩3746.90 | ₩11610.00 | x |
| 2024-12-31 | ₩6187.52 | ₩11610.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea 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): 11.75%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.06%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.53x
- Recent ROE (11.75%) is above the historical average (-1.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -2.20% | -0.38% | 5.13x | 1.13x | ₩-1.60 Billion |
| 2017 | -15.95% | -28.27% | 0.24x | 2.39x | ₩-12.01 Billion |
| 2018 | -22.17% | -19.22% | 0.26x | 4.43x | ₩-12.16 Billion |
| 2019 | 22.78% | 11.25% | 0.59x | 3.42x | ₩6.35 Billion |
| 2020 | -6.84% | -3.74% | 0.50x | 3.63x | ₩-10.86 Billion |
| 2021 | -21.58% | -18.52% | 0.42x | 2.80x | ₩-35.97 Billion |
| 2022 | 8.51% | 7.33% | 0.36x | 3.23x | ₩-2.05 Billion |
| 2023 | 10.98% | 9.32% | 0.52x | 2.27x | ₩2.59 Billion |
| 2024 | 11.75% | 11.06% | 0.69x | 1.53x | ₩8.37 Billion |
Industry Comparison
This section compares Korea SPAC 3's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $185,530,778,984
- Average return on equity (ROE) among peers: 2.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea SPAC 3 (222080) | ₩496.55 Billion | -2.20% | 0.40x | $406.81 Million |
| Hwacheon Mac (000850) | $171.89 Billion | 9.22% | 0.59x | $28.55 Million |
| Daidong Elec (008110) | $81.78 Billion | 0.91% | 0.32x | $11.34 Million |
| Booster Co. Ltd (008470) | $78.71 Billion | -1.57% | 0.22x | $7.54 Million |
| Simpac (009160) | $441.20 Billion | 2.15% | 0.54x | $68.10 Million |
| Kyung Dong Navien Co Ltd (009450) | $120.49 Billion | 4.97% | 0.45x | $257.40 Million |
| Korea Refract (010040) | $25.31 Billion | -5.89% | 3.13x | $5.66 Million |
| Hwacheon Machi (010660) | $137.56 Billion | 0.56% | 0.22x | $41.51 Million |
| Han Shin Mach (011700) | $49.06 Billion | 10.50% | 0.39x | $84.73 Million |
| STX Corporation (011810) | $372.13 Billion | 0.00% | 3.30x | $45.77 Million |
| Hy-Lok Corporation (013030) | $377.16 Billion | 8.98% | 0.09x | $175.97 Million |