Sangshin Electronics Co. Ltd
Sangshin Electronics Co., Ltd. manufactures and sells electrical and electronic parts in South Korea. The company offers noise filters that are used in white household appliances, such as washing machines, air conditioners, refrigerators, dryers, stylers, microwaves, cleaners, and water purifiers; and reactors are used in energy-saving white goods, solar power, ESS, self-regenerative braking devi… Read more
Sangshin Electronics Co. Ltd (263810) - Net Assets
Latest net assets as of September 2025: ₩52.34 Billion KRW
Based on the latest financial reports, Sangshin Electronics Co. Ltd (263810) has net assets worth ₩52.34 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 (₩86.56 Billion) and total liabilities (₩34.22 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 | ₩52.34 Billion |
| % of Total Assets | 60.46% |
| Annual Growth Rate | 12.63% |
| 5-Year Change | 29.14% |
| 10-Year Change | N/A |
| Growth Volatility | 21.71 |
Sangshin Electronics Co. Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Sangshin Electronics 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 Sangshin Electronics Co. Ltd (2016–2024)
The table below shows the annual net assets of Sangshin Electronics Co. Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩46.68 Billion | +7.55% |
| 2023-12-31 | ₩43.40 Billion | +5.43% |
| 2022-12-31 | ₩41.17 Billion | +5.15% |
| 2021-12-31 | ₩39.15 Billion | +8.31% |
| 2020-12-31 | ₩36.14 Billion | +4.69% |
| 2019-12-31 | ₩34.52 Billion | +6.53% |
| 2018-12-31 | ₩32.41 Billion | +4.79% |
| 2017-12-31 | ₩30.93 Billion | +71.61% |
| 2016-12-31 | ₩18.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sangshin Electronics 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 78.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩31.20 Billion | 66.83% |
| Common Stock | ₩7.12 Billion | 15.26% |
| Other Components | ₩8.36 Billion | 17.91% |
| Total Equity | ₩46.68 Billion | 100.00% |
Sangshin Electronics Co. Ltd Competitors by Market Cap
The table below lists competitors of Sangshin Electronics Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PROGRESSIVE PLANET SOL.
F:ARB3
|
$15.75 Million |
|
Turpaz Industries Ltd
TA:TRPZ
|
$15.75 Million |
|
Bahema Educação S.A
SA:BAHI3
|
$15.75 Million |
|
LEMONSOFT EO 1
F:M36
|
$15.76 Million |
|
Donkeyrepublic Holding AS
CO:DONKEY
|
$15.75 Million |
|
Microlink Solutions Bhd
KLSE:0126
|
$15.73 Million |
|
edding AG
F:EDD3
|
$15.72 Million |
|
Bestec Power Electronics Co Ltd
TW:3308
|
$15.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sangshin Electronics Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 43,400,780,140 to 46,676,934,760, a change of 3,276,154,620 (7.5%).
- Net income of 2,405,392,790 contributed positively to equity growth.
- Other factors increased equity by 870,761,830.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.41 Billion | +5.15% |
| Other Changes | ₩870.76 Million | +1.87% |
| Total Change | ₩- | 7.55% |
Book Value vs Market Value Analysis
This analysis compares Sangshin Electronics 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: 0.91x
- 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 1.86x to 0.91x 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 | ₩1604.40 | ₩2980.00 | x |
| 2017-12-31 | ₩2247.07 | ₩2980.00 | x |
| 2018-12-31 | ₩2661.61 | ₩2980.00 | x |
| 2019-12-31 | ₩2424.25 | ₩2980.00 | x |
| 2020-12-31 | ₩2537.98 | ₩2980.00 | x |
| 2021-12-31 | ₩2749.01 | ₩2980.00 | x |
| 2022-12-31 | ₩2890.64 | ₩2980.00 | x |
| 2023-12-31 | ₩3047.57 | ₩2980.00 | x |
| 2024-12-31 | ₩3277.62 | ₩2980.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sangshin Electronics 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): 5.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.92%
- • Asset Turnover: 1.45x
- • Equity Multiplier: 1.85x
- Recent ROE (5.15%) is below the historical average (9.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 28.92% | 7.23% | 1.77x | 2.27x | ₩3.41 Billion |
| 2017 | 14.99% | 5.45% | 1.59x | 1.73x | ₩1.54 Billion |
| 2018 | 6.06% | 2.37% | 1.58x | 1.62x | ₩-1.28 Billion |
| 2019 | 7.25% | 3.05% | 1.57x | 1.51x | ₩-949.59 Million |
| 2020 | 5.74% | 2.40% | 1.42x | 1.69x | ₩-1.54 Billion |
| 2021 | 5.30% | 2.01% | 1.57x | 1.67x | ₩-1.84 Billion |
| 2022 | 2.73% | 1.01% | 1.47x | 1.84x | ₩-2.99 Billion |
| 2023 | 5.16% | 2.04% | 1.23x | 2.05x | ₩-2.10 Billion |
| 2024 | 5.15% | 1.92% | 1.45x | 1.85x | ₩-2.26 Billion |
Industry Comparison
This section compares Sangshin Electronics Co. Ltd'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 |
|---|---|---|---|---|
| Sangshin Electronics Co. Ltd (263810) | ₩52.34 Billion | 28.92% | 0.65x | $15.75 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 |