Mecaro Co. Ltd
Mecaro Co., Ltd. engages in the development, manufacturing, and sales of semiconductor equipment parts in South Korea, China, and internationally. It offers heater blocks for semiconductors. The company was founded in 1999 and is headquartered in Pyeongtaek-si, South Korea.
Mecaro Co. Ltd (241770) - Net Assets
Latest net assets as of September 2025: ₩203.54 Billion KRW
Based on the latest financial reports, Mecaro Co. Ltd (241770) has net assets worth ₩203.54 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 (₩219.92 Billion) and total liabilities (₩16.38 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 | ₩203.54 Billion |
| % of Total Assets | 92.55% |
| Annual Growth Rate | 27.92% |
| 5-Year Change | 38.97% |
| 10-Year Change | N/A |
| Growth Volatility | 121.82 |
Mecaro Co. Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Mecaro Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mecaro Co. Ltd (2015–2024)
The table below shows the annual net assets of Mecaro Co. Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩191.69 Billion | +2.97% |
| 2023-12-31 | ₩186.16 Billion | -2.91% |
| 2022-12-31 | ₩191.74 Billion | +29.51% |
| 2021-12-31 | ₩148.05 Billion | +7.33% |
| 2020-12-31 | ₩137.93 Billion | -2.37% |
| 2019-12-31 | ₩141.28 Billion | +2.25% |
| 2018-12-31 | ₩138.17 Billion | +17.47% |
| 2017-12-31 | ₩117.62 Billion | +394.87% |
| 2016-12-31 | ₩23.77 Billion | +13.76% |
| 2015-12-31 | ₩20.89 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mecaro 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 857.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩114.98 Billion | 59.99% |
| Common Stock | ₩5.10 Billion | 2.66% |
| Other Components | ₩71.61 Billion | 37.36% |
| Total Equity | ₩191.69 Billion | 100.00% |
Mecaro Co. Ltd Competitors by Market Cap
The table below lists competitors of Mecaro Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bansal Wire Industries Ltd
NSE:BANSALWIRE
|
$84.98 Million |
|
Atlas Lithium Corporation Common Stock
NASDAQ:ATLX
|
$85.00 Million |
|
Eureka Group Holdings Ltd
AU:EGH
|
$85.01 Million |
|
SAMYOUNG M-Tek Co. Ltd
KQ:054540
|
$85.02 Million |
|
Lix Detergent JSC
VN:LIX
|
$84.96 Million |
|
Hansol Technics
KO:004710
|
$84.94 Million |
|
BEO Bancorp
PINK:BEOB
|
$84.94 Million |
|
Harvatek Corp
TW:6168
|
$84.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mecaro Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 185,434,507,910 to 191,686,832,560, a change of 6,252,324,650 (3.4%).
- Net income of 5,515,402,200 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.52 Billion | +2.88% |
| Other Changes | ₩736.92 Million | +0.38% |
| Total Change | ₩- | 3.37% |
Book Value vs Market Value Analysis
This analysis compares Mecaro 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: 1.53x
- 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 9.81x to 1.53x 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 | ₩3033.67 | ₩29750.00 | x |
| 2017-12-31 | ₩11843.52 | ₩29750.00 | x |
| 2018-12-31 | ₩14082.84 | ₩29750.00 | x |
| 2019-12-31 | ₩14240.13 | ₩29750.00 | x |
| 2020-12-31 | ₩14187.56 | ₩29750.00 | x |
| 2021-12-31 | ₩15087.75 | ₩29750.00 | x |
| 2022-12-31 | ₩19539.95 | ₩29750.00 | x |
| 2023-12-31 | ₩18831.29 | ₩29750.00 | x |
| 2024-12-31 | ₩19466.22 | ₩29750.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mecaro 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): 2.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.77%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.08x
- Recent ROE (2.88%) is below the historical average (11.26%), 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 | 19.72% | 11.71% | 0.86x | 1.96x | ₩2.03 Billion |
| 2016 | 12.31% | 6.08% | 1.04x | 1.95x | ₩548.97 Million |
| 2017 | 25.34% | 28.11% | 0.75x | 1.19x | ₩18.04 Billion |
| 2018 | 20.82% | 28.63% | 0.65x | 1.11x | ₩14.95 Billion |
| 2019 | 5.83% | 11.35% | 0.45x | 1.13x | ₩-5.90 Billion |
| 2020 | -1.19% | -2.26% | 0.47x | 1.13x | ₩-15.43 Billion |
| 2021 | 5.39% | 9.63% | 0.51x | 1.10x | ₩-6.83 Billion |
| 2022 | 22.79% | 80.93% | 0.25x | 1.14x | ₩24.52 Billion |
| 2023 | -1.27% | -6.11% | 0.20x | 1.06x | ₩-20.90 Billion |
| 2024 | 2.88% | 8.77% | 0.30x | 1.08x | ₩-13.65 Billion |
Industry Comparison
This section compares Mecaro Co. Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $128,266,771,899
- Average return on equity (ROE) among peers: -0.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mecaro Co. Ltd (241770) | ₩203.54 Billion | 19.72% | 0.08x | $84.97 Million |
| D I Corp (003160) | $167.74 Billion | 0.65% | 0.91x | $431.82 Million |
| Samick Thk (004380) | $79.31 Billion | 5.11% | 0.99x | $42.11 Million |
| PSMC CO. Ltd (024850) | $22.26 Billion | -14.70% | 0.84x | $196.26 Million |
| Mirae Corporation (025560) | $38.02 Billion | 0.00% | 1.53x | $27.97 Million |
| MK Electron Co. Ltd (033160) | $352.21 Billion | 7.86% | 4.63x | $116.29 Million |
| Signetics Corporation (033170) | $147.33 Billion | -4.23% | 0.36x | $27.88 Million |
| Nepes Corporation (033640) | $120.68 Billion | 0.00% | 0.99x | $198.76 Million |
| EO Technics Co. Ltd (039030) | $163.17 Billion | 20.30% | 0.48x | $2.23 Billion |
| Hanmi Semicon (042700) | $127.29 Billion | 5.51% | 0.44x | $8.58 Billion |
| Gigalane Co Ltd (049080) | $64.66 Billion | -20.68% | 1.35x | $19.35 Million |