UNITEKNO Co.Ltd (241690) - Net Assets
Based on the latest financial reports, UNITEKNO Co.Ltd (241690) has net assets worth ₩140.23 Billion KRW (≈ $95.03 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 (₩245.04 Billion ≈ $166.06 Million USD) and total liabilities (₩104.81 Billion ≈ $71.03 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. Also explore total assets of UNITEKNO Co.Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩140.23 Billion |
| % of Total Assets | 57.23% |
| Annual Growth Rate | 21.19% |
| 5-Year Change | 84.99% |
| 10-Year Change | N/A |
| Growth Volatility | 28.16 |
UNITEKNO Co.Ltd - Net Assets Trend (2015–2024)
This chart illustrates how UNITEKNO Co.Ltd's net assets have evolved over time, based on quarterly financial data. Check UNITEKNO Co.Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for UNITEKNO Co.Ltd (2015–2024)
The table below shows the annual net assets of UNITEKNO Co.Ltd from 2015 to 2024. For live valuation and market cap data, see UNITEKNO Co.Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩139.38 Billion ≈ $94.45 Million |
+10.60% |
| 2023-12-31 | ₩126.02 Billion ≈ $85.40 Million |
+7.74% |
| 2022-12-31 | ₩116.97 Billion ≈ $79.27 Million |
+25.87% |
| 2021-12-31 | ₩92.93 Billion ≈ $62.97 Million |
+23.34% |
| 2020-12-31 | ₩75.34 Billion ≈ $51.06 Million |
+15.01% |
| 2019-12-31 | ₩65.51 Billion ≈ $44.40 Million |
+4.14% |
| 2018-12-31 | ₩62.91 Billion ≈ $42.63 Million |
+13.89% |
| 2017-12-31 | ₩55.23 Billion ≈ $37.43 Million |
+11.14% |
| 2016-12-31 | ₩49.70 Billion ≈ $33.68 Million |
+101.13% |
| 2015-12-31 | ₩24.71 Billion ≈ $16.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to UNITEKNO Co.Ltd'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 319.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩87.30 Billion | 62.64% |
| Common Stock | ₩12.51 Billion | 8.97% |
| Other Components | ₩39.57 Billion | 28.39% |
| Total Equity | ₩139.38 Billion | 100.00% |
UNITEKNO Co.Ltd Competitors by Market Cap
The table below lists competitors of UNITEKNO Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grande Portage Resources Ltd
V:GPG
|
$38.32 Million |
|
Incross Co. Ltd
KQ:216050
|
$38.32 Million |
|
FOODWELL Co. Ltd
KQ:005670
|
$38.34 Million |
|
Ribbon Acquisition Corp Class A Ordinary Shares
NASDAQ:RIBB
|
$38.34 Million |
|
BluMetric Environmental Inc
V:BLM
|
$38.30 Million |
|
RenovoRx Inc
NASDAQ:RNXT
|
$38.29 Million |
|
PDS Biotechnology Corp
NASDAQ:PDSB
|
$38.29 Million |
|
PTRB
KLSE:0260
|
$38.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in UNITEKNO Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 126,023,613,800 to 139,377,079,400, a change of 13,353,465,600 (10.6%).
- Net income of 10,631,185,800 contributed positively to equity growth.
- Other factors increased equity by 2,722,279,800.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩10.63 Billion | +7.63% |
| Other Changes | ₩2.72 Billion | +1.95% |
| Total Change | ₩- | 10.60% |
Book Value vs Market Value Analysis
This analysis compares UNITEKNO Co.Ltd'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: 0.41x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.11x to 0.41x 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 | ₩2083.39 | ₩2310.00 | x |
| 2017-12-31 | ₩2315.41 | ₩2310.00 | x |
| 2018-12-31 | ₩2637.07 | ₩2310.00 | x |
| 2019-12-31 | ₩2804.89 | ₩2310.00 | x |
| 2020-12-31 | ₩3225.85 | ₩2310.00 | x |
| 2021-12-31 | ₩3752.71 | ₩2310.00 | x |
| 2022-12-31 | ₩4779.94 | ₩2310.00 | x |
| 2023-12-31 | ₩5149.98 | ₩2310.00 | x |
| 2024-12-31 | ₩5695.67 | ₩2310.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently UNITEKNO Co.Ltd 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): 7.63%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.11%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.66x
- Recent ROE (7.63%) is below the historical average (12.43%), 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 | 32.41% | 13.71% | 1.14x | 2.08x | ₩5.54 Billion |
| 2016 | 21.07% | 15.33% | 0.98x | 1.40x | ₩5.50 Billion |
| 2017 | 11.23% | 9.38% | 0.88x | 1.37x | ₩679.30 Million |
| 2018 | 8.89% | 8.42% | 0.60x | 1.75x | ₩-699.37 Million |
| 2019 | 8.53% | 6.81% | 0.71x | 1.76x | ₩-964.80 Million |
| 2020 | 12.96% | 12.95% | 0.59x | 1.70x | ₩2.23 Billion |
| 2021 | 10.14% | 11.79% | 0.62x | 1.38x | ₩127.19 Million |
| 2022 | 4.17% | 5.92% | 0.53x | 1.33x | ₩-6.82 Billion |
| 2023 | 7.24% | 8.95% | 0.49x | 1.66x | ₩-3.48 Billion |
| 2024 | 7.63% | 10.11% | 0.46x | 1.66x | ₩-3.31 Billion |
Industry Comparison
This section compares UNITEKNO Co.Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $400,975,071,319
- Average return on equity (ROE) among peers: 8.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| UNITEKNO Co.Ltd (241690) | ₩140.23 Billion | 32.41% | 0.75x | $38.31 Million |
| Hankook Tire Worldwide (000240) | $962.98 Billion | 2.47% | 1.63x | $1.60 Billion |
| Daewonkangup (000430) | $558.75 Billion | 3.89% | 1.09x | $150.63 Million |
| SG Choongbang Co Ltd (001380) | $130.06 Billion | 0.58% | 0.57x | $40.16 Million |
| Tae Won Mulsan (001420) | $45.28 Billion | 38.58% | 0.18x | $12.92 Million |
| Dongkook Ind (001620) | $180.71 Billion | 11.80% | 1.69x | $158.01 Million |
| PS Tec. Co. Ltd (002230) | $61.73 Billion | 10.69% | 0.37x | $49.47 Million |
| Nexen Tire (002350) | $278.04 Billion | 0.00% | 2.59x | $402.74 Million |
| Nexen Tire Prf 1 (002355) | $1.43 Trillion | 7.25% | 1.27x | $16.47 Million |
| Dayou A-Tech (002880) | $74.92 Billion | 9.62% | 3.84x | $24.56 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $30.42 Million |
About UNITEKNO Co.Ltd
UNITEKNO Co.,Ltd engages in the manufacture and sale of automobile motor assembly parts in South Korea and internationally. Its products include EV batteries, motors, engines, and thermostat. The company also produces motor assembly lines, plastic injection moldings, and electronic parts assembling products. UNITEKNO Co.,Ltd was founded in 1993 and is headquartered in Busan, South Korea.