Solux Co. Ltd
Solux Co., Ltd. manufactures and supplies indoor, outdoor, and special purpose lighting products in South Korea and internationally. The company was founded in 1995 and is headquartered in Gongju-si, South Korea.
Solux Co. Ltd (290690) - Net Assets
Latest net assets as of September 2025: ₩65.17 Billion KRW
Based on the latest financial reports, Solux Co. Ltd (290690) has net assets worth ₩65.17 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 (₩109.73 Billion) and total liabilities (₩44.57 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 | ₩65.17 Billion |
| % of Total Assets | 59.39% |
| Annual Growth Rate | 32.14% |
| 5-Year Change | 82.14% |
| 10-Year Change | N/A |
| Growth Volatility | 37.88 |
Solux Co. Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Solux 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 Solux Co. Ltd (2018–2024)
The table below shows the annual net assets of Solux Co. Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩78.33 Billion | +25.49% |
| 2023-12-31 | ₩62.42 Billion | +44.03% |
| 2022-12-31 | ₩43.34 Billion | -9.59% |
| 2021-12-31 | ₩47.94 Billion | +11.46% |
| 2020-12-31 | ₩43.01 Billion | +111.87% |
| 2019-12-31 | ₩20.30 Billion | +38.00% |
| 2018-12-31 | ₩14.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solux 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 278.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩103.52 Billion | 132.15% |
| Total Equity | ₩78.33 Billion | 100.00% |
Solux Co. Ltd Competitors by Market Cap
The table below lists competitors of Solux Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solstad Offshore ASA
PINK:SLOFF
|
$91.96 Million |
|
What's Cooking Group NV/SA
BR:WHATS
|
$91.99 Million |
|
Calin Technology Co Ltd
TW:4976
|
$92.00 Million |
|
Great China Metal Industry Co Ltd
TW:9905
|
$92.00 Million |
|
Gear Energy Ltd
OTCQX:GENGF
|
$91.93 Million |
|
Absa Group Ltd
JSE:ABG
|
$91.91 Million |
|
Fiera Milano S.p.A.
LSE:0EGH
|
$91.91 Million |
|
Banca Sistema S.p.A
LSE:0R9H
|
$91.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solux Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 62,421,326,520 to 78,334,746,690, a change of 15,913,420,170 (25.5%).
- Net loss of 40,974,320,490 reduced equity.
- Share repurchases of 649,555,540 reduced equity.
- New share issuances of 649,555,540 increased equity.
- Other factors increased equity by 56,887,740,660.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-40.97 Billion | -52.31% |
| Share Repurchases | ₩649.56 Million | -0.83% |
| Share Issuances | ₩649.56 Million | +0.83% |
| Other Changes | ₩56.89 Billion | +72.62% |
| Total Change | ₩- | 25.49% |
Book Value vs Market Value Analysis
This analysis compares Solux 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: 1.98x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.37x to 1.98x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ₩2372.59 | ₩3245.00 | x |
| 2019-12-31 | ₩3274.13 | ₩3245.00 | x |
| 2020-12-31 | ₩5271.78 | ₩3245.00 | x |
| 2021-12-31 | ₩5805.75 | ₩3245.00 | x |
| 2022-12-31 | ₩5248.90 | ₩3245.00 | x |
| 2023-12-31 | ₩2130.56 | ₩3245.00 | x |
| 2024-12-31 | ₩1642.22 | ₩3245.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solux 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): -52.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -80.83%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.50x
- Recent ROE (-52.31%) is below the historical average (-1.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 15.93% | 4.31% | 1.24x | 2.98x | ₩872.26 Million |
| 2019 | 28.54% | 8.15% | 1.47x | 2.38x | ₩3.76 Billion |
| 2020 | 10.34% | 7.71% | 0.87x | 1.55x | ₩144.93 Million |
| 2021 | 8.67% | 5.94% | 0.95x | 1.54x | ₩-637.06 Million |
| 2022 | -9.99% | -7.75% | 0.82x | 1.58x | ₩-8.67 Billion |
| 2023 | -10.73% | -11.19% | 0.37x | 2.57x | ₩-12.94 Billion |
| 2024 | -52.31% | -80.83% | 0.43x | 1.50x | ₩-48.81 Billion |
Industry Comparison
This section compares Solux 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: $2,040,390,211,570
- Average return on equity (ROE) among peers: 8.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solux Co. Ltd (290690) | ₩65.17 Billion | 15.93% | 0.68x | $91.94 Million |
| Kumho Electric (001210) | $270.12 Billion | 2.72% | 1.03x | $23.32 Million |
| Taihan Electric Wire Co Ltd (001440) | $1.27 Trillion | 8.08% | 1.21x | $2.16 Billion |
| Posco Chemical Co Ltd (003670) | $758.13 Billion | 17.43% | 0.25x | $4.82 Billion |
| Sebang Global Battery Co Ltd (004490) | $699.00 Billion | 8.79% | 0.33x | $219.02 Million |
| LS Corp (006260) | $815.35 Billion | 10.11% | 1.04x | $3.09 Billion |
| Daewon Cable (006340) | $81.39 Billion | 1.52% | 1.35x | $200.78 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $87.64 Billion | 1.49% | 1.74x | $70.84 Million |
| Samsung SDI (006400) | $2.47 Trillion | 21.35% | 1.29x | $15.87 Billion |
| Samsung Sdi Co Pref (006405) | $12.23 Trillion | 5.74% | 0.58x | $7.71 Billion |
| LS Electric (010120) | $1.72 Trillion | 11.95% | 1.17x | $7.59 Billion |