HMCIB SPAC 3
Bonne Co., Ltd. develops and supplies cosmetics in South Korea. The company offers skin care products, including whitening, wrinkle and pimple treatment, stem-cell peptide, and nano peptide products; and sun care products comprising fluids, creams, emulsions, etc. It also provides hair and body care products; makeup products, such as foundation, powder, compact, loose powder, BB cream, eye liner,… Read more
HMCIB SPAC 3 (226340) - Net Assets
Latest net assets as of September 2024: ₩59.88 Billion KRW
Based on the latest financial reports, HMCIB SPAC 3 (226340) has net assets worth ₩59.88 Billion KRW as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩89.61 Billion) and total liabilities (₩29.73 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 | ₩59.88 Billion |
| % of Total Assets | 66.83% |
| Annual Growth Rate | 15.7% |
| 5-Year Change | 17.32% |
| 10-Year Change | N/A |
| Growth Volatility | 37.43 |
HMCIB SPAC 3 - Net Assets Trend (2015–2023)
This chart illustrates how HMCIB 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 HMCIB SPAC 3 (2015–2023)
The table below shows the annual net assets of HMCIB SPAC 3 from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩39.84 Billion | +55.43% |
| 2022-12-31 | ₩25.63 Billion | +14.39% |
| 2021-12-31 | ₩22.41 Billion | -31.11% |
| 2020-12-31 | ₩32.52 Billion | -4.21% |
| 2019-12-31 | ₩33.96 Billion | +36.90% |
| 2018-12-31 | ₩24.80 Billion | +95.70% |
| 2017-12-31 | ₩12.67 Billion | +0.93% |
| 2016-12-31 | ₩12.56 Billion | +1.24% |
| 2015-12-31 | ₩12.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HMCIB 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 631167046000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩6.13 Billion | 17.48% |
| Other Components | ₩28.94 Billion | 82.52% |
| Total Equity | ₩35.07 Billion | 100.00% |
HMCIB SPAC 3 Competitors by Market Cap
The table below lists competitors of HMCIB SPAC 3 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Axita Cotton Limited
NSE:AXITA
|
$21.73 Million |
|
SINGULAR PEOPLE S EO-1
F:H0U
|
$21.74 Million |
|
Tong Ming Enterprise Co Ltd
TW:5538
|
$21.74 Million |
|
Zhejiang Yuancheng Landscape
SHG:603388
|
$21.74 Million |
|
Redtone International Bhd
KLSE:0032
|
$21.72 Million |
|
PT Duta Pertiwi Tbk
F:DUI
|
$21.72 Million |
|
SMG EUROPEAN RECOV. EO 1
F:RCVR
|
$21.72 Million |
|
Inalways
TWO:5398
|
$21.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HMCIB SPAC 3's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 25,629,866,860 to 35,069,361,780, a change of 9,439,494,920 (36.8%).
- Net loss of 724,788,800 reduced equity.
- Share repurchases of 1,199,660,000 reduced equity.
- Other factors increased equity by 11,363,943,720.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-724.79 Million | -2.07% |
| Share Repurchases | ₩1.20 Billion | -3.42% |
| Other Changes | ₩11.36 Billion | +32.4% |
| Total Change | ₩- | 36.83% |
Book Value vs Market Value Analysis
This analysis compares HMCIB 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: 1.46x
- 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 0.75x to 1.46x 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 | ₩1931.88 | ₩1458.00 | x |
| 2017-12-31 | ₩1949.88 | ₩1458.00 | x |
| 2018-12-31 | ₩852.43 | ₩1458.00 | x |
| 2019-12-31 | ₩1106.07 | ₩1458.00 | x |
| 2020-12-31 | ₩1059.45 | ₩1458.00 | x |
| 2021-12-31 | ₩729.84 | ₩1458.00 | x |
| 2022-12-31 | ₩834.86 | ₩1458.00 | x |
| 2023-12-31 | ₩995.98 | ₩1458.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HMCIB 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): -2.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.99%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 2.49x
- Recent ROE (-2.07%) is below the historical average (-0.13%), 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 | -1.47% | 0.00% | 0.00x | 1.07x | ₩-1.42 Billion |
| 2016 | 1.23% | 0.00% | 0.00x | 1.07x | ₩-1.10 Billion |
| 2017 | 0.92% | 0.49% | 1.73x | 1.08x | ₩-1.15 Billion |
| 2018 | 1.26% | 1.07% | 0.85x | 1.38x | ₩-2.17 Billion |
| 2019 | 14.83% | 10.71% | 1.14x | 1.21x | ₩1.64 Billion |
| 2020 | -5.91% | -5.34% | 0.66x | 1.67x | ₩-5.18 Billion |
| 2021 | -17.76% | -7.39% | 0.64x | 3.73x | ₩-6.22 Billion |
| 2022 | 7.80% | 3.29% | 0.72x | 3.30x | ₩-564.56 Million |
| 2023 | -2.07% | -0.99% | 0.83x | 2.49x | ₩-4.23 Billion |
Industry Comparison
This section compares HMCIB SPAC 3's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $1,255,204,097,239
- Average return on equity (ROE) among peers: 165.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HMCIB SPAC 3 (226340) | ₩59.88 Billion | -1.47% | 0.50x | $21.73 Million |
| Amore Group (002790) | $4.89 Trillion | 5.33% | 0.26x | $733.67 Million |
| Amorepacific Group (002795) | $6.99 Trillion | 3.60% | 0.22x | $333.07 Million |
| Hankook Cosmetics Manufacturing Co Ltd (003350) | $25.45 Billion | -9.21% | 0.59x | $50.11 Million |
| Daelim Trading (006570) | $76.43 Billion | -16.61% | 1.09x | $3.62 Million |
| Monalisa (012690) | $54.46 Billion | 10.90% | 0.28x | $26.00 Million |
| Leaders Cosmetics Co. Ltd (016100) | $63.99 Billion | 24.29% | 0.52x | $13.95 Million |
| Aekyung Industrial Co Ltd (018250) | $333.04 Billion | 3.44% | 0.30x | $78.84 Million |
| Kolmar Holding (024720) | $48.25 Billion | 5.20% | 0.61x | $69.59 Million |
| Jayjun Co Ltd (025620) | $4.96 Billion | 1635.91% | 10.27x | $4.89 Million |
| Coreana Cosmetics Co.Ltd (027050) | $65.95 Billion | -8.68% | 0.74x | $33.77 Million |