Solux Co. Ltd (290690) - Net Assets
Based on the latest financial reports, Solux Co. Ltd (290690) has net assets worth ₩65.17 Billion KRW (≈ $44.16 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 (₩109.73 Billion ≈ $74.36 Million USD) and total liabilities (₩44.57 Billion ≈ $30.20 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 290690 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 290690 total asset value for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 290690 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩78.33 Billion ≈ $53.09 Million |
+25.49% |
| 2023-12-31 | ₩62.42 Billion ≈ $42.30 Million |
+44.03% |
| 2022-12-31 | ₩43.34 Billion ≈ $29.37 Million |
-9.59% |
| 2021-12-31 | ₩47.94 Billion ≈ $32.49 Million |
+11.46% |
| 2020-12-31 | ₩43.01 Billion ≈ $29.15 Million |
+111.87% |
| 2019-12-31 | ₩20.30 Billion ≈ $13.76 Million |
+38.00% |
| 2018-12-31 | ₩14.71 Billion ≈ $9.97 Million |
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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 |
|---|---|
|
MetaTech AP
TWO:3224
|
$124.56 Million |
|
Kairos Minerals Ltd
AU:KAI
|
$124.59 Million |
|
Xi S And D Inc
KO:317400
|
$124.62 Million |
|
Manaksia Coated Metals & Industries Limited
NSE:MANAKCOAT
|
$124.63 Million |
|
Chain Bridge Bancorp, Inc.
NYSE:CBNA
|
$124.47 Million |
|
Raízen S.A.
SA:RAIZ4
|
$124.46 Million |
|
TDG Gold Corp
V:TDG
|
$124.41 Million |
|
Novem Group S.A.
F:NVM
|
$124.36 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: 2.30x
- 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 1.59x to 2.30x 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 | ₩3770.00 | x |
| 2019-12-31 | ₩3274.13 | ₩3770.00 | x |
| 2020-12-31 | ₩5271.78 | ₩3770.00 | x |
| 2021-12-31 | ₩5805.75 | ₩3770.00 | x |
| 2022-12-31 | ₩5248.90 | ₩3770.00 | x |
| 2023-12-31 | ₩2130.56 | ₩3770.00 | x |
| 2024-12-31 | ₩1642.22 | ₩3770.00 | 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: $3,284,807,734,535
- Average return on equity (ROE) among peers: 2.23%
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 | $124.51 Million |
| Kumho Electric (001210) | $181.00 Billion | -26.29% | 1.63x | $38.70 Million |
| Taihan Electric Wire Co Ltd (001440) | $1.13 Trillion | 0.00% | 3.65x | $7.09 Billion |
| Posco Chemical Co Ltd (003670) | $2.61 Trillion | 1.10% | 1.43x | $15.19 Billion |
| Sebang Global Battery Co Ltd (004490) | $585.52 Billion | 16.71% | 0.32x | $589.11 Million |
| LS Corp (006260) | $1.23 Trillion | 5.22% | 1.77x | $8.51 Billion |
| Daewon Cable (006340) | $81.19 Billion | 4.37% | 1.64x | $786.10 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $81.39 Billion | 1.52% | 1.35x | $458.78 Million |
| Samsung SDI (006400) | $12.66 Trillion | 2.82% | 0.57x | $36.39 Billion |
| Samsung Sdi Co Pref (006405) | $13.36 Trillion | 4.30% | 0.61x | $345.34 Million |
| LS Electric (010120) | $926.95 Billion | 12.57% | 1.27x | $5.60 Billion |
About 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.