mPLUS Corp (259630) - Net Assets
Based on the latest financial reports, mPLUS Corp (259630) has net assets worth ₩99.83 Billion KRW (≈ $67.66 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 (₩249.50 Billion ≈ $169.08 Million USD) and total liabilities (₩149.67 Billion ≈ $101.43 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. Check asset resilience ratio of mPLUS Corp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩99.83 Billion |
| % of Total Assets | 40.01% |
| Annual Growth Rate | N/A |
| 5-Year Change | 44.01% |
| 10-Year Change | N/A |
| Growth Volatility | 65.87 |
mPLUS Corp - Net Assets Trend (2015–2024)
This chart illustrates how mPLUS Corp's net assets have evolved over time, based on quarterly financial data. Also explore total assets of mPLUS Corp for the complete picture of this company's asset base.
Annual Net Assets for mPLUS Corp (2015–2024)
The table below shows the annual net assets of mPLUS Corp from 2015 to 2024. For live valuation and market cap data, see mPLUS Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩84.60 Billion ≈ $57.33 Million |
+14.11% |
| 2023-12-31 | ₩74.14 Billion ≈ $50.24 Million |
+31.35% |
| 2022-12-31 | ₩56.44 Billion ≈ $38.25 Million |
+8.83% |
| 2021-12-31 | ₩51.87 Billion ≈ $35.15 Million |
-11.71% |
| 2020-12-31 | ₩58.74 Billion ≈ $39.81 Million |
+41.15% |
| 2019-12-31 | ₩41.62 Billion ≈ $28.20 Million |
+6.48% |
| 2018-12-31 | ₩39.08 Billion ≈ $26.49 Million |
+16.94% |
| 2017-12-31 | ₩33.42 Billion ≈ $22.65 Million |
+209.29% |
| 2016-12-31 | ₩10.81 Billion ≈ $7.32 Million |
+460.43% |
| 2015-12-31 | ₩-3.00 Billion ≈ $-2.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to mPLUS Corp'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 5650018433000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩51.32 Billion | 60.66% |
| Common Stock | ₩6.14 Billion | 7.26% |
| Other Components | ₩27.14 Billion | 32.08% |
| Total Equity | ₩84.60 Billion | 100.00% |
mPLUS Corp Competitors by Market Cap
The table below lists competitors of mPLUS Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Salasar Techno Engineering Limited
NSE:SALASAR
|
$140.83 Million |
|
S&P Syndicate Public Company Limited
BK:SNP
|
$140.86 Million |
|
Fu Yu Property Co Ltd
TWO:4907
|
$140.89 Million |
|
Count Ltd
AU:CUP
|
$140.89 Million |
|
HIM International Music
TWO:8446
|
$140.70 Million |
|
Otello Corporation ASA
OL:OTEC
|
$140.50 Million |
|
Beijing Tongtech Co Ltd
SHE:300379
|
$140.42 Million |
|
Gabelli Healthcare & WellnessRx Trust
NYSE:GRX
|
$140.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in mPLUS Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 74,140,571,220 to 84,599,173,960, a change of 10,458,602,740 (14.1%).
- Net income of 10,981,876,260 contributed positively to equity growth.
- Dividend payments of 1,207,210,100 reduced retained earnings.
- Share repurchases of 1,000,006,790 reduced equity.
- Other factors increased equity by 1,683,943,370.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩10.98 Billion | +12.98% |
| Dividends Paid | ₩1.21 Billion | -1.43% |
| Share Repurchases | ₩1.00 Billion | -1.18% |
| Other Changes | ₩1.68 Billion | +1.99% |
| Total Change | ₩- | 14.11% |
Book Value vs Market Value Analysis
This analysis compares mPLUS Corp'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: 2.48x
- 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 13.23x to 2.48x 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 | ₩1326.14 | ₩17550.00 | x |
| 2017-12-31 | ₩3269.19 | ₩17550.00 | x |
| 2018-12-31 | ₩3822.86 | ₩17550.00 | x |
| 2019-12-31 | ₩4042.44 | ₩17550.00 | x |
| 2020-12-31 | ₩5254.86 | ₩17550.00 | x |
| 2021-12-31 | ₩4539.49 | ₩17550.00 | x |
| 2022-12-31 | ₩4617.28 | ₩17550.00 | x |
| 2023-12-31 | ₩6141.48 | ₩17550.00 | x |
| 2024-12-31 | ₩7081.00 | ₩17550.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently mPLUS Corp 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): 12.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.53%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 3.46x
- Recent ROE (12.98%) is above the historical average (6.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | -2.50% | 1.10x | 0.00x | ₩-32.05 Million |
| 2016 | 32.78% | 12.64% | 0.73x | 3.55x | ₩2.46 Billion |
| 2017 | 14.71% | 6.82% | 1.19x | 1.81x | ₩1.57 Billion |
| 2018 | 4.04% | 2.02% | 0.76x | 2.63x | ₩-2.33 Billion |
| 2019 | 4.82% | 1.92% | 0.73x | 3.41x | ₩-2.15 Billion |
| 2020 | 9.96% | 3.69% | 1.13x | 2.40x | ₩-24.63 Million |
| 2021 | -15.56% | -10.55% | 0.43x | 3.44x | ₩-13.26 Billion |
| 2022 | -26.98% | -13.06% | 0.36x | 5.69x | ₩-20.87 Billion |
| 2023 | 26.98% | 5.88% | 1.06x | 4.32x | ₩12.59 Billion |
| 2024 | 12.98% | 8.53% | 0.44x | 3.46x | ₩2.52 Billion |
Industry Comparison
This section compares mPLUS Corp's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,284,807,734,535
- Average return on equity (ROE) among peers: 2.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| mPLUS Corp (259630) | ₩99.83 Billion | 0.00% | 1.50x | $140.70 Million |
| Kumho Electric (001210) | $181.00 Billion | -26.29% | 1.63x | $38.70 Million |
| Taihan Electric Wire Co Ltd (001440) | $1.13 Trillion | 0.00% | 3.65x | $7.09 Billion |
| Posco Chemical Co Ltd (003670) | $2.61 Trillion | 1.10% | 1.43x | $15.19 Billion |
| Sebang Global Battery Co Ltd (004490) | $585.52 Billion | 16.71% | 0.32x | $589.11 Million |
| LS Corp (006260) | $1.23 Trillion | 5.22% | 1.77x | $8.51 Billion |
| Daewon Cable (006340) | $81.19 Billion | 4.37% | 1.64x | $786.10 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $81.39 Billion | 1.52% | 1.35x | $458.78 Million |
| Samsung SDI (006400) | $12.66 Trillion | 2.82% | 0.57x | $36.39 Billion |
| Samsung Sdi Co Pref (006405) | $13.36 Trillion | 4.30% | 0.61x | $345.34 Million |
| LS Electric (010120) | $926.95 Billion | 12.57% | 1.27x | $5.60 Billion |
About mPLUS Corp
mPLUS Corp. manufactures and sells secondary battery manufacturing equipment in South Korea, China, Asia, the Americas, Europe, and internationally. The company offers notching, stacking, tab welding, packaging, and degassing equipment, as well as swaging and E/L filling equipment. It also provides fuel cell battery manufacturing equipment; and EV rechargeable battery production and equipment tec… Read more