S-Fuelcell co. Ltd (288620) - Net Assets
Based on the latest financial reports, S-Fuelcell co. Ltd (288620) has net assets worth ₩43.02 Billion KRW (≈ $29.16 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩82.26 Billion ≈ $55.75 Million USD) and total liabilities (₩39.24 Billion ≈ $26.59 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 288620 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩43.02 Billion |
| % of Total Assets | 52.3% |
| Annual Growth Rate | 39.01% |
| 5-Year Change | -34.63% |
| 10-Year Change | 1307.98% |
| Growth Volatility | 119.56 |
S-Fuelcell co. Ltd - Net Assets Trend (2015–2025)
This chart illustrates how S-Fuelcell co. Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 288620 stock market capitalisation.
Annual Net Assets for S-Fuelcell co. Ltd (2015–2025)
The table below shows the annual net assets of S-Fuelcell co. Ltd from 2015 to 2025. Also explore how fast is S-Fuelcell co. Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩45.85 Billion ≈ $31.07 Million |
-32.38% |
| 2024-12-31 | ₩67.80 Billion ≈ $45.95 Million |
-2.28% |
| 2023-12-31 | ₩69.38 Billion ≈ $47.02 Million |
-1.35% |
| 2022-12-31 | ₩70.33 Billion ≈ $47.66 Million |
+0.29% |
| 2021-12-31 | ₩70.13 Billion ≈ $47.52 Million |
+8.69% |
| 2020-12-31 | ₩64.52 Billion ≈ $43.73 Million |
+101.84% |
| 2019-12-31 | ₩31.97 Billion ≈ $21.66 Million |
+6.07% |
| 2018-12-31 | ₩30.14 Billion ≈ $20.42 Million |
+398.51% |
| 2017-12-31 | ₩6.05 Billion ≈ $4.10 Million |
+85.66% |
| 2016-12-31 | ₩3.26 Billion ≈ $2.21 Million |
+91.39% |
| 2015-12-31 | ₩1.70 Billion ≈ $1.15 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to S-Fuelcell 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 decreased by 1569.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩58.99 Billion | 128.94% |
| Total Equity | ₩45.75 Billion | 100.00% |
S-Fuelcell co. Ltd Competitors by Market Cap
The table below lists competitors of S-Fuelcell co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oxford Nanopore Technologies Ltd
LSE:ONT
|
$20.74 Million |
|
Arvee Laboratories (India) Limited
NSE:ARVEE
|
$20.74 Million |
|
Dorsavi Ltd
AU:DVL
|
$20.75 Million |
|
BCWORLD PHARM. Co. Ltd
KQ:200780
|
$20.75 Million |
|
Biofish Holding AS
OL:BFISH
|
$20.74 Million |
|
Only World Group Holdings Bhd
KLSE:5260
|
$20.74 Million |
|
SM Wirtschaftsberatungs AG
XETRA:SMWN
|
$20.74 Million |
|
Penpower Technology Ltd
TWO:5211
|
$20.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S-Fuelcell co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 67,709,411,810 to 45,753,156,810, a change of -21,956,255,000 (-32.4%).
- Net loss of 21,806,279,960 reduced equity.
- Dividend payments of 348,965,800 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-21.81 Billion | -47.66% |
| Dividends Paid | ₩348.97 Million | -0.76% |
| Other Changes | ₩198.99 Million | +0.43% |
| Total Change | ₩- | -32.43% |
Book Value vs Market Value Analysis
This analysis compares S-Fuelcell 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: 0.67x
- 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 5.68x to 0.67x 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 | ₩771.47 | ₩4385.00 | x |
| 2017-12-31 | ₩1432.33 | ₩4385.00 | x |
| 2018-12-31 | ₩5111.31 | ₩4385.00 | x |
| 2019-12-31 | ₩5658.16 | ₩4385.00 | x |
| 2020-12-31 | ₩9859.33 | ₩4385.00 | x |
| 2021-12-31 | ₩10201.50 | ₩4385.00 | x |
| 2022-12-31 | ₩10230.70 | ₩4385.00 | x |
| 2023-12-31 | ₩9921.29 | ₩4385.00 | x |
| 2024-12-31 | ₩9701.44 | ₩4385.00 | x |
| 2025-12-31 | ₩6555.54 | ₩4385.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S-Fuelcell 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): -47.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -138.14%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.99x
- Recent ROE (-47.66%) is below the historical average (7.52%), 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 | 36.66% | 12.24% | 0.94x | 3.17x | ₩453.59 Million |
| 2016 | 32.52% | 10.55% | 0.95x | 3.24x | ₩733.26 Million |
| 2017 | 46.14% | 13.74% | 1.14x | 2.95x | ₩2.18 Billion |
| 2018 | 4.93% | 4.72% | 0.56x | 1.87x | ₩-1.53 Billion |
| 2019 | 4.65% | 3.92% | 0.54x | 2.18x | ₩-1.71 Billion |
| 2020 | 2.45% | 3.36% | 0.41x | 1.78x | ₩-4.87 Billion |
| 2021 | 6.96% | 10.32% | 0.40x | 1.69x | ₩-2.13 Billion |
| 2022 | 1.20% | 1.81% | 0.31x | 2.18x | ₩-6.19 Billion |
| 2023 | -3.39% | -7.21% | 0.22x | 2.09x | ₩-9.27 Billion |
| 2024 | -1.75% | -3.52% | 0.28x | 1.80x | ₩-7.96 Billion |
| 2025 | -47.66% | -138.14% | 0.17x | 1.99x | ₩-26.38 Billion |
Industry Comparison
This section compares S-Fuelcell co. Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $4,645,898,042,054
- Average return on equity (ROE) among peers: 8.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S-Fuelcell co. Ltd (288620) | ₩43.02 Billion | 36.66% | 0.91x | $20.74 Million |
| Kumho Electric (001210) | $204.26 Billion | 5.23% | 0.52x | $89.73 Million |
| Taihan Electric Wire Co Ltd (001440) | $850.52 Billion | 5.35% | 1.82x | $3.96 Billion |
| Posco Chemical Co Ltd (003670) | $514.81 Billion | 14.11% | 0.40x | $11.09 Billion |
| Sebang Global Battery Co Ltd (004490) | $1.51 Trillion | 11.24% | 0.39x | $539.23 Million |
| LS Corp (006260) | $1.49 Trillion | 7.95% | 1.52x | $6.12 Billion |
| Daewon Cable (006340) | $100.32 Billion | 9.58% | 1.34x | $725.51 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $82.31 Billion | 2.44% | 1.71x | $471.25 Million |
| Samsung SDI (006400) | $19.91 Trillion | 10.09% | 0.71x | $28.32 Billion |
| Samsung Sdi Co Pref (006405) | $19.91 Trillion | 10.09% | 0.71x | $212.18 Million |
| LS Electric (010120) | $1.89 Trillion | 12.63% | 1.37x | $4.26 Billion |
About S-Fuelcell co. Ltd
S-Prism Co., Ltd. manufactures and sells hydrogen fuel cell systems in South Korea. The company's products are used in buildings, transport, and power generation businesses. The company was formerly known as S-Fuelcell co., Ltd. and change its name to S-Prism Co., Ltd. in April 2026. S-Prism Co., Ltd. was founded in 1989 and is headquartered in Seoul, South Korea.