Sangshin Electronics Co. Ltd (263810) - Net Assets
Based on the latest financial reports, Sangshin Electronics Co. Ltd (263810) has net assets worth ₩52.78 Billion KRW (≈ $35.77 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩86.67 Billion ≈ $58.74 Million USD) and total liabilities (₩33.89 Billion ≈ $22.97 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 263810 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩52.78 Billion |
| % of Total Assets | 60.9% |
| Annual Growth Rate | 12.68% |
| 5-Year Change | 34.82% |
| 10-Year Change | N/A |
| Growth Volatility | 20.47 |
Sangshin Electronics Co. Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Sangshin Electronics Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Sangshin Electronics Co. Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Sangshin Electronics Co. Ltd (2016–2025)
The table below shows the annual net assets of Sangshin Electronics Co. Ltd from 2016 to 2025. For live valuation and market cap data, see Sangshin Electronics Co. Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩52.78 Billion ≈ $35.77 Million |
+13.08% |
| 2024-12-31 | ₩46.68 Billion ≈ $31.63 Million |
+7.55% |
| 2023-12-31 | ₩43.40 Billion ≈ $29.41 Million |
+5.43% |
| 2022-12-31 | ₩41.17 Billion ≈ $27.90 Million |
+5.15% |
| 2021-12-31 | ₩39.15 Billion ≈ $26.53 Million |
+8.31% |
| 2020-12-31 | ₩36.14 Billion ≈ $24.49 Million |
+4.69% |
| 2019-12-31 | ₩34.52 Billion ≈ $23.40 Million |
+6.53% |
| 2018-12-31 | ₩32.41 Billion ≈ $21.96 Million |
+4.79% |
| 2017-12-31 | ₩30.93 Billion ≈ $20.96 Million |
+71.61% |
| 2016-12-31 | ₩18.02 Billion ≈ $12.21 Million |
-- |
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 87.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩32.89 Billion | 62.32% |
| Other Components | ₩19.89 Billion | 37.68% |
| Total Equity | ₩52.78 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 |
|---|---|
|
Crypto Blockchain Industries SA
PA:ALCBI
|
$34.48 Million |
|
CrystalGenomics Inc
KQ:083790
|
$34.49 Million |
|
TPC Mechatronics Corporation
KQ:048770
|
$34.49 Million |
|
Latch Inc
NASDAQ:LTCH
|
$34.49 Million |
|
Solidion Technology Inc.
NASDAQ:STI
|
$34.47 Million |
|
Q linea AB
ST:QLINEA
|
$34.46 Million |
|
QTC Energy Public Company Limited
BK:QTC
|
$34.45 Million |
|
EON Resources Inc.
NYSE MKT:EONR
|
$34.45 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 2024 to 2025, total equity changed from 46,676,934,760 to 52,782,381,500, a change of 6,105,446,740 (13.1%).
- Net income of 1,733,999,760 contributed positively to equity growth.
- Other factors increased equity by 4,371,446,980.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.73 Billion | +3.29% |
| Other Changes | ₩4.37 Billion | +8.28% |
| Total Change | ₩- | 13.08% |
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: 0.96x
- 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 1.99x to 0.96x 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 | ₩3195.00 | x |
| 2017-12-31 | ₩2247.07 | ₩3195.00 | x |
| 2018-12-31 | ₩2661.61 | ₩3195.00 | x |
| 2019-12-31 | ₩2424.25 | ₩3195.00 | x |
| 2020-12-31 | ₩2537.98 | ₩3195.00 | x |
| 2021-12-31 | ₩2749.01 | ₩3195.00 | x |
| 2022-12-31 | ₩2890.64 | ₩3195.00 | x |
| 2023-12-31 | ₩3047.57 | ₩3195.00 | x |
| 2024-12-31 | ₩3277.62 | ₩3195.00 | x |
| 2025-12-31 | ₩3315.23 | ₩3195.00 | 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): 3.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.34%
- • Asset Turnover: 1.49x
- • Equity Multiplier: 1.64x
- Recent ROE (3.29%) is below the historical average (8.46%), 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 |
| 2025 | 3.29% | 1.34% | 1.49x | 1.64x | ₩-3.54 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: $218,334,830,115
- Average return on equity (ROE) among peers: 5.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sangshin Electronics Co. Ltd (263810) | ₩52.78 Billion | 28.92% | 0.64x | $34.47 Million |
| YoungPoong (000670) | $471.92 Billion | 0.00% | 1.01x | $822.21 Million |
| Sam Hwa Capaci (001820) | $22.52 Billion | 31.89% | 1.98x | $467.29 Million |
| Samick Music I (002450) | $144.58 Billion | 1.50% | 1.43x | $64.41 Million |
| Hansol Technics (004710) | $34.25 Billion | 0.00% | 5.26x | $173.10 Million |
| Sunny Elec (004770) | $30.06 Billion | 0.40% | 0.10x | $43.99 Million |
| Samyoung Elec (005680) | $363.17 Billion | 5.47% | 0.12x | $197.81 Million |
| PJ Electronics Co. Ltd (006140) | $109.57 Billion | 4.53% | 0.33x | $71.73 Million |
| Isupetasys (007660) | $168.70 Billion | 12.06% | 1.02x | $7.48 Billion |
| Korea Circuit Co. Ltd. (007810) | $128.70 Billion | 2.46% | 0.61x | $1.51 Billion |
| Korea Circuit Co Ltd (007815) | $709.89 Billion | -5.16% | 0.74x | $43.40 Million |
About 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