Mdevice
MEGAELECTRONICS Co., Ltd. designs, manufactures, and sells storage devices in South Korea. It offers flash storage solid state drives and semiconductor storage devices for digital devices and data center servers. The company was founded in 2009 and is based in Gwacheon-si, South Korea.
Mdevice (226590) - Net Assets
Latest net assets as of September 2025: ₩41.34 Billion KRW
Based on the latest financial reports, Mdevice (226590) has net assets worth ₩41.34 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 (₩86.14 Billion) and total liabilities (₩44.79 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 | ₩41.34 Billion |
| % of Total Assets | 48.0% |
| Annual Growth Rate | 48.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 264.23 |
Mdevice - Net Assets Trend (2022–2024)
This chart illustrates how Mdevice's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mdevice (2022–2024)
The table below shows the annual net assets of Mdevice from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩26.29 Billion | +467.13% |
| 2023-12-31 | ₩4.63 Billion | -61.34% |
| 2022-12-31 | ₩11.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mdevice'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 66.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.32 Billion | 5.03% |
| Common Stock | ₩4.63 Billion | 17.63% |
| Other Components | ₩20.33 Billion | 77.34% |
| Total Equity | ₩26.29 Billion | 100.00% |
Mdevice Competitors by Market Cap
The table below lists competitors of Mdevice ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gourmet Master Co Ltd
TW:2723
|
$191.36 Million |
|
Jiangxi Hengda Hi-Tech Co Ltd
SHE:002591
|
$191.36 Million |
|
TOYO Corporation
MU:TOY
|
$191.38 Million |
|
MBM Resources Bhd
KLSE:5983
|
$191.44 Million |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
$191.29 Million |
|
NEOBO FASTIGHETER
ST:NEOBO
|
$191.28 Million |
|
Hunan Xiangjia Animal Husbandry Co
SHE:002982
|
$191.27 Million |
|
Rashtriya Chemicals and Fertilizers Limited
NSE:RCF
|
$191.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mdevice's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,634,849,300 to 26,285,702,640, a change of 21,650,853,340 (467.1%).
- Net income of 3,190,068,170 contributed positively to equity growth.
- Share repurchases of 4,799,976,000 reduced equity.
- New share issuances of 4,799,976,000 increased equity.
- Other factors increased equity by 18,460,785,170.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.19 Billion | +12.14% |
| Share Repurchases | ₩4.80 Billion | -18.26% |
| Share Issuances | ₩4.80 Billion | +18.26% |
| Other Changes | ₩18.46 Billion | +70.23% |
| Total Change | ₩- | 467.13% |
Book Value vs Market Value Analysis
This analysis compares Mdevice'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: 9.82x
- 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 24.55x to 9.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩1134.35 | ₩27850.00 | x |
| 2023-12-31 | ₩438.58 | ₩27850.00 | x |
| 2024-12-31 | ₩2835.57 | ₩27850.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mdevice 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): 12.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.60%
- • Asset Turnover: 1.37x
- • Equity Multiplier: 1.34x
- Recent ROE (12.14%) is above the historical average (-57.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -27.48% | -32.57% | 0.21x | 4.02x | ₩-4.49 Billion |
| 2023 | -158.38% | -74.52% | 0.32x | 6.56x | ₩-7.80 Billion |
| 2024 | 12.14% | 6.60% | 1.37x | 1.34x | ₩561.50 Million |
Industry Comparison
This section compares Mdevice's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $1,182,735,888,965
- Average return on equity (ROE) among peers: 13.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mdevice (226590) | ₩41.34 Billion | -27.48% | 1.08x | $191.31 Million |
| YoungPoong (000670) | $1.92 Trillion | 12.09% | 0.37x | $141.87 Million |
| Sam Hwa Capaci (001820) | $32.31 Billion | 5.37% | 1.45x | $256.49 Million |
| Samick Music I (002450) | $129.03 Billion | 85.85% | 1.36x | $30.81 Million |
| Hansol Technics (004710) | $279.10 Billion | 9.39% | 1.12x | $84.94 Million |
| Sunny Elec (004770) | $14.69 Billion | -26.30% | 0.94x | $33.79 Million |
| PJ Electronics Co. Ltd (006140) | $104.92 Billion | 6.76% | 0.22x | $20.94 Million |
| Isupetasys (007660) | $163.27 Billion | 14.70% | 0.84x | $4.21 Billion |
| Korea Circuit Co. Ltd. (007810) | $99.55 Billion | 14.09% | 1.24x | $425.68 Million |
| Kyung In Elect (009140) | $70.58 Billion | 8.20% | 0.06x | $7.73 Million |
| Samsung Electro-Mechanics (009150) | $9.02 Trillion | 7.53% | 0.42x | $17.64 Billion |