Shindo Eng. Lab. Ltd
Shindo Eng. Lab., Ltd. engages in the manufacture and sale of display equipment in South Korea. Its products include OLED products, including 3D and 2D lamination, and roll lamination; LCD products, such as PI coater, rubbing M/C, spacer sprayer, assembly M/C, auto scribe, filling M/C, and end seal M/C; fuel cells; and other products comprising one drop filing, vacuum press, STA type, and tank ty… Read more
Shindo Eng. Lab. Ltd (290520) - Net Assets
Latest net assets as of September 2025: ₩55.59 Billion KRW
Based on the latest financial reports, Shindo Eng. Lab. Ltd (290520) has net assets worth ₩55.59 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 (₩74.97 Billion) and total liabilities (₩19.38 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 | ₩55.59 Billion |
| % of Total Assets | 74.15% |
| Annual Growth Rate | 12.88% |
| 5-Year Change | -9.69% |
| 10-Year Change | N/A |
| Growth Volatility | 21.43 |
Shindo Eng. Lab. Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Shindo Eng. Lab. 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 Shindo Eng. Lab. Ltd (2017–2024)
The table below shows the annual net assets of Shindo Eng. Lab. Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩57.37 Billion | -1.09% |
| 2023-12-31 | ₩58.00 Billion | -5.80% |
| 2022-12-31 | ₩61.58 Billion | -0.94% |
| 2021-12-31 | ₩62.16 Billion | -2.15% |
| 2020-12-31 | ₩63.53 Billion | +33.93% |
| 2019-12-31 | ₩47.44 Billion | +53.82% |
| 2018-12-31 | ₩30.84 Billion | +25.53% |
| 2017-12-31 | ₩24.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shindo Eng. Lab. 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 60.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩32.33 Billion | 56.35% |
| Other Components | ₩25.05 Billion | 43.65% |
| Total Equity | ₩57.37 Billion | 100.00% |
Shindo Eng. Lab. Ltd Competitors by Market Cap
The table below lists competitors of Shindo Eng. Lab. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pulmatrix Inc
NASDAQ:PULM
|
$7.66 Million |
|
Kawasan Industri Jababeka Tbk
JK:KIJA
|
$7.66 Million |
|
VOLT RESOURCES LTD
F:R8L
|
$7.66 Million |
|
Generic Engineering Construction and Projects Limited
NSE:GENCON
|
$7.66 Million |
|
WCF Bancorp Inc
PINK:WCFB
|
$7.65 Million |
|
SOLIDWORLD GROUP S.P.A.
F:F17
|
$7.65 Million |
|
Castile Resources Limited
PINK:CLRSF
|
$7.64 Million |
|
Orbit Exports Limited
NSE:ORBTEXP
|
$7.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shindo Eng. Lab. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 58,003,862,280 to 57,372,884,990, a change of -630,977,290 (-1.1%).
- Net loss of 564,074,250 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-564.07 Million | -0.98% |
| Other Changes | ₩-66.90 Million | -0.12% |
| Total Change | ₩- | -1.09% |
Book Value vs Market Value Analysis
This analysis compares Shindo Eng. Lab. 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: 0.47x
- 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 0.95x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩1827.20 | ₩1729.00 | x |
| 2018-12-31 | ₩2293.72 | ₩1729.00 | x |
| 2019-12-31 | ₩3528.23 | ₩1729.00 | x |
| 2020-12-31 | ₩3940.34 | ₩1729.00 | x |
| 2021-12-31 | ₩3855.73 | ₩1729.00 | x |
| 2022-12-31 | ₩3913.08 | ₩1729.00 | x |
| 2023-12-31 | ₩3686.02 | ₩1729.00 | x |
| 2024-12-31 | ₩3645.93 | ₩1729.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shindo Eng. Lab. 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): -0.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.32%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.20x
- Recent ROE (-0.98%) is below the historical average (11.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 59.95% | 23.80% | 1.39x | 1.81x | ₩12.27 Billion |
| 2018 | 11.53% | 7.15% | 1.01x | 1.60x | ₩470.55 Million |
| 2019 | 30.89% | 17.28% | 1.11x | 1.62x | ₩9.91 Billion |
| 2020 | -7.03% | -10.74% | 0.50x | 1.31x | ₩-10.82 Billion |
| 2021 | 2.63% | 4.11% | 0.49x | 1.30x | ₩-4.58 Billion |
| 2022 | -0.65% | -1.84% | 0.30x | 1.18x | ₩-6.56 Billion |
| 2023 | -5.77% | -16.13% | 0.34x | 1.07x | ₩-9.15 Billion |
| 2024 | -0.98% | -5.32% | 0.15x | 1.20x | ₩-6.30 Billion |
Industry Comparison
This section compares Shindo Eng. Lab. 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: $135,419,592,788
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shindo Eng. Lab. Ltd (290520) | ₩55.59 Billion | 59.95% | 0.35x | $7.65 Million |
| Hwacheon Mac (000850) | $337.27 Billion | 2.57% | 0.27x | $28.32 Million |
| Daidong Elec (008110) | $88.61 Billion | 9.10% | 0.47x | $11.34 Million |
| Booster Co. Ltd (008470) | $78.71 Billion | -1.57% | 0.22x | $7.43 Million |
| Simpac (009160) | $177.87 Billion | 4.27% | 0.64x | $73.77 Million |
| Kyung Dong Navien Co Ltd (009450) | $187.28 Billion | 5.94% | 0.89x | $260.71 Million |
| Korea Refract (010040) | $108.02 Billion | 5.31% | 0.90x | $5.93 Million |
| Woojin I&S Co Ltd (010400) | $59.84 Billion | 17.27% | 0.32x | $6.85 Million |
| Hwacheon Machi (010660) | $124.59 Billion | -4.92% | 0.27x | $43.29 Million |
| Han Shin Mach (011700) | $89.60 Billion | -1.35% | 0.41x | $87.00 Million |
| STX Corporation (011810) | $102.41 Billion | -13.24% | 6.24x | $45.77 Million |