Mirae Asset SPAC 4
CENOTEC Co., Ltd. manufactures and sells grinding media, zirconia, zircon powder, and ceramic materials in South Korea. The company offers ceramic beads for applications in mine, paper/paint/ink, and electronic industries. It also provides alumina silica; premium alumina; alumina toughened zirconia; zirconia toughened alumina; zirconium silicate; ceria stabilized zirconia; and yittria stabilized … Read more
Mirae Asset SPAC 4 (222420) - Net Assets
Latest net assets as of September 2025: ₩34.91 Billion KRW
Based on the latest financial reports, Mirae Asset SPAC 4 (222420) has net assets worth ₩34.91 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 (₩80.11 Billion) and total liabilities (₩45.20 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 | ₩34.91 Billion |
| % of Total Assets | 43.57% |
| Annual Growth Rate | 20.86% |
| 5-Year Change | 23.19% |
| 10-Year Change | N/A |
| Growth Volatility | 143.04 |
Mirae Asset SPAC 4 - Net Assets Trend (2015–2024)
This chart illustrates how Mirae Asset SPAC 4's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mirae Asset SPAC 4 (2015–2024)
The table below shows the annual net assets of Mirae Asset SPAC 4 from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩34.57 Billion | -7.07% |
| 2023-12-31 | ₩37.20 Billion | -1.79% |
| 2022-12-31 | ₩37.88 Billion | +21.71% |
| 2021-12-31 | ₩31.12 Billion | +10.91% |
| 2020-12-31 | ₩28.06 Billion | -19.55% |
| 2019-12-31 | ₩34.88 Billion | -4.81% |
| 2018-12-31 | ₩36.64 Billion | -5.81% |
| 2017-12-31 | ₩38.90 Billion | +11.76% |
| 2016-12-31 | ₩34.81 Billion | +454.31% |
| 2015-12-31 | ₩6.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mirae Asset SPAC 4'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 732022575000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩7.27 Billion | 21.04% |
| Common Stock | ₩4.55 Billion | 13.15% |
| Other Components | ₩22.75 Billion | 65.81% |
| Total Equity | ₩34.57 Billion | 100.00% |
Mirae Asset SPAC 4 Competitors by Market Cap
The table below lists competitors of Mirae Asset SPAC 4 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
POOLBEG PHARMA LS -0002
F:7JN
|
$20.27 Million |
|
Hizeaero Co. Ltd
KQ:221840
|
$20.27 Million |
|
Visi Media Asia Tbk
JK:VIVA
|
$20.28 Million |
|
Information and Communication Networks Public Company Limited
BK:ICN
|
$20.30 Million |
|
Jourdeness Group Ltd
TW:4190
|
$20.26 Million |
|
Pampa Metals Corporation
OTCQB:PMMCF
|
$20.26 Million |
|
PARADISE ENTERT. HD -001
F:LIL3
|
$20.26 Million |
|
Network-1 Technologies Inc
NYSE MKT:NTIP
|
$20.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirae Asset SPAC 4's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 37,197,880,290 to 34,566,952,640, a change of -2,630,927,650 (-7.1%).
- Net loss of 2,525,300,980 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.53 Billion | -7.31% |
| Other Changes | ₩-105.63 Million | -0.31% |
| Total Change | ₩- | -7.07% |
Book Value vs Market Value Analysis
This analysis compares Mirae Asset SPAC 4'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: 1.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.47x to 1.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩911.00 | ₩1337.00 | x |
| 2017-12-31 | ₩992.84 | ₩1337.00 | x |
| 2018-12-31 | ₩921.02 | ₩1337.00 | x |
| 2019-12-31 | ₩868.55 | ₩1337.00 | x |
| 2020-12-31 | ₩698.74 | ₩1337.00 | x |
| 2021-12-31 | ₩774.98 | ₩1337.00 | x |
| 2022-12-31 | ₩869.93 | ₩1337.00 | x |
| 2023-12-31 | ₩818.25 | ₩1337.00 | x |
| 2024-12-31 | ₩760.38 | ₩1337.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirae Asset SPAC 4 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): -7.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.00%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.53x
- Recent ROE (-7.31%) is below the historical average (-4.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -0.74% | 0.00% | 0.00x | 1.10x | ₩-674.25 Million |
| 2016 | 8.49% | 7.36% | 0.79x | 1.47x | ₩-525.72 Million |
| 2017 | 6.01% | 5.78% | 0.74x | 1.40x | ₩-1.55 Billion |
| 2018 | -7.55% | -8.43% | 0.47x | 1.92x | ₩-6.43 Billion |
| 2019 | -6.18% | -7.64% | 0.33x | 2.44x | ₩-5.64 Billion |
| 2020 | -25.56% | -30.64% | 0.29x | 2.89x | ₩-9.98 Billion |
| 2021 | 4.06% | 3.84% | 0.37x | 2.88x | ₩-1.85 Billion |
| 2022 | -0.19% | -0.21% | 0.36x | 2.54x | ₩-3.86 Billion |
| 2023 | -14.39% | -17.21% | 0.32x | 2.61x | ₩-9.07 Billion |
| 2024 | -7.31% | -8.00% | 0.36x | 2.53x | ₩-5.98 Billion |
Industry Comparison
This section compares Mirae Asset SPAC 4's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $729,340,395,312
- Average return on equity (ROE) among peers: 5.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirae Asset SPAC 4 (222420) | ₩34.91 Billion | -0.74% | 1.30x | $20.26 Million |
| DL Holdings CO. LTD. (000210) | $4.53 Trillion | 19.10% | 0.84x | $381.57 Million |
| Norooholdings (000320) | $402.45 Billion | 6.30% | 1.12x | $45.80 Million |
| Noroo Holdings Co Ltd (000325) | $583.54 Billion | 0.27% | 0.81x | $60.77 Million |
| Samhwa Paint (000390) | $299.72 Billion | 1.87% | 0.96x | $86.24 Million |
| Kangnam Jevisco Co Ltd (000860) | $366.15 Billion | 10.97% | 0.26x | $58.42 Million |
| Paik Kwang Ind (001340) | $204.57 Billion | 3.85% | 1.06x | $113.44 Million |
| Bo Lak (002760) | $43.76 Billion | 2.53% | 0.22x | $30.02 Million |
| Songwon Industrial (004430) | $543.25 Billion | 13.30% | 1.05x | $79.87 Million |
| Cho Kwang Pain (004910) | $172.73 Billion | -1.34% | 0.81x | $17.90 Million |
| Cosmoam&T (005070) | $147.00 Billion | -3.99% | 0.78x | $305.37 Million |