TSI Co. Ltd. (277880) - Net Assets
Based on the latest financial reports, TSI Co. Ltd. (277880) has net assets worth ₩125.85 Billion KRW (≈ $85.29 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 (₩328.79 Billion ≈ $222.82 Million USD) and total liabilities (₩202.94 Billion ≈ $137.53 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 TSI Co. Ltd. asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩125.85 Billion |
| % of Total Assets | 38.28% |
| Annual Growth Rate | 54.36% |
| 5-Year Change | 238.01% |
| 10-Year Change | N/A |
| Growth Volatility | 79.59 |
TSI Co. Ltd. - Net Assets Trend (2016–2024)
This chart illustrates how TSI Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is TSI Co. Ltd.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for TSI Co. Ltd. (2016–2024)
The table below shows the annual net assets of TSI Co. Ltd. from 2016 to 2024. For live valuation and market cap data, see 277880 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩125.39 Billion ≈ $84.97 Million |
+28.72% |
| 2023-12-31 | ₩97.41 Billion ≈ $66.01 Million |
+116.28% |
| 2022-12-31 | ₩45.04 Billion ≈ $30.52 Million |
+10.81% |
| 2021-12-31 | ₩40.65 Billion ≈ $27.54 Million |
+9.57% |
| 2020-12-31 | ₩37.10 Billion ≈ $25.14 Million |
+52.07% |
| 2019-12-31 | ₩24.39 Billion ≈ $16.53 Million |
+248.72% |
| 2018-12-31 | ₩7.00 Billion ≈ $4.74 Million |
+100.83% |
| 2017-12-31 | ₩3.48 Billion ≈ $2.36 Million |
-10.45% |
| 2016-12-31 | ₩3.89 Billion ≈ $2.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TSI 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 20830.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩34.61 Billion | 27.61% |
| Common Stock | ₩10.08 Billion | 8.04% |
| Other Components | ₩80.67 Billion | 64.35% |
| Total Equity | ₩125.36 Billion | 100.00% |
TSI Co. Ltd. Competitors by Market Cap
The table below lists competitors of TSI Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Golan Plastic
TA:GLPL
|
$76.26 Million |
|
KB No4 SPAC
KQ:205500
|
$76.27 Million |
|
Stillwater Critical Minerals Corp
V:PGE
|
$76.31 Million |
|
Iodm Ltd
AU:IOD
|
$76.34 Million |
|
Nurminen Logistics Oyj
HE:NLG1V
|
$76.26 Million |
|
Alpine Select AG
SW:ALPN
|
$76.22 Million |
|
Blue Lagoon Resources Inc
F:7BL
|
$76.21 Million |
|
Ildong Holdings Co Ltd
KO:000230
|
$76.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TSI Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 97,341,265,210 to 125,362,043,890, a change of 28,020,778,680 (28.8%).
- Net income of 29,386,197,230 contributed positively to equity growth.
- Dividend payments of 2,360,364,450 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩29.39 Billion | +23.44% |
| Dividends Paid | ₩2.36 Billion | -1.88% |
| Other Changes | ₩994.95 Million | +0.79% |
| Total Change | ₩- | 28.79% |
Book Value vs Market Value Analysis
This analysis compares TSI 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: 0.90x
- 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 15.37x to 0.90x 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 | ₩365.57 | ₩5620.00 | x |
| 2017-12-31 | ₩315.52 | ₩5620.00 | x |
| 2018-12-31 | ₩598.68 | ₩5620.00 | x |
| 2019-12-31 | ₩1565.74 | ₩5620.00 | x |
| 2020-12-31 | ₩2001.47 | ₩5620.00 | x |
| 2021-12-31 | ₩2193.00 | ₩5620.00 | x |
| 2022-12-31 | ₩2415.83 | ₩5620.00 | x |
| 2023-12-31 | ₩4829.36 | ₩5620.00 | x |
| 2024-12-31 | ₩6218.10 | ₩5620.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TSI 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): 23.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.80%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.92x
- Recent ROE (23.44%) is above the historical average (1.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 46.11% | 11.01% | 1.00x | 4.19x | ₩1.40 Billion |
| 2017 | -38.47% | -7.25% | 1.00x | 5.32x | ₩-1.69 Billion |
| 2018 | 29.89% | 3.17% | 1.87x | 5.06x | ₩1.39 Billion |
| 2019 | -49.72% | -19.88% | 1.11x | 2.25x | ₩-14.57 Billion |
| 2020 | -4.38% | -3.55% | 0.68x | 1.82x | ₩-5.33 Billion |
| 2021 | 2.87% | 1.73% | 0.54x | 3.05x | ₩-2.90 Billion |
| 2022 | 6.98% | 2.11% | 0.64x | 5.17x | ₩-1.36 Billion |
| 2023 | -5.02% | -1.87% | 0.76x | 3.53x | ₩-14.62 Billion |
| 2024 | 23.44% | 10.80% | 0.74x | 2.92x | ₩16.85 Billion |
Industry Comparison
This section compares TSI Co. Ltd.'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $161,130,705,092
- Average return on equity (ROE) among peers: 82.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TSI Co. Ltd. (277880) | ₩125.85 Billion | 46.11% | 1.61x | $76.26 Million |
| Hwacheon Mac (000850) | $131.77 Billion | 7.91% | 0.65x | $57.77 Million |
| Daidong Elec (008110) | $88.61 Billion | 9.10% | 0.47x | $71.25 Million |
| Booster Co. Ltd (008470) | $65.94 Billion | 9.50% | 0.26x | $21.20 Million |
| Simpac (009160) | $240.83 Billion | 5.35% | 0.58x | $101.09 Million |
| Kyung Dong Navien Co Ltd (009450) | $695.42 Billion | 17.88% | 0.95x | $761.04 Million |
| Korea Refract (010040) | $25.31 Billion | -5.89% | 3.13x | $48.01 Million |
| Woojin I&S Co Ltd (010400) | $106.95 Billion | 1.99% | 0.25x | $18.75 Million |
| Hwacheon Machi (010660) | $124.32 Billion | -0.54% | 0.30x | $75.74 Million |
| Han Shin Mach (011700) | $89.60 Billion | -1.35% | 0.41x | $101.16 Million |
| STX Corporation (011810) | $42.56 Billion | 785.68% | 13.74x | $74.11 Million |
About TSI Co. Ltd.
TSI Co., Ltd., a mixing system company, engages in the manufacture and sale of rechargeable battery mixing systems in South Korea, China, Poland, Sweden, France, Vietnam, Malaysia, the United States, Hungary, and Indonesia. The company is involved in the secondary battery mixing process solutions, including electrode, assembly, and activation processes; and mixing equipment manufacturing process.… Read more