LET co. Ltd
HB SOLUTION Co., Ltd. manufactures and sells module process display manufacturing equipment and automation system for display industry in South Korea and internationally. The company offers inspection and measuring equipment; and mass production equipment. HB SOLUTION Co., Ltd. was formerly known as Korea Materials & Analysis Corp. and changed its name to HB SOLUTION Co., Ltd. in July 2021. The c… Read more
LET co. Ltd (297890) - Net Assets
Latest net assets as of September 2025: ₩247.20 Billion KRW
Based on the latest financial reports, LET co. Ltd (297890) has net assets worth ₩247.20 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 (₩310.79 Billion) and total liabilities (₩63.59 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 | ₩247.20 Billion |
| % of Total Assets | 79.54% |
| Annual Growth Rate | 51.4% |
| 5-Year Change | 386.67% |
| 10-Year Change | N/A |
| Growth Volatility | 39.5 |
LET co. Ltd - Net Assets Trend (2018–2024)
This chart illustrates how LET 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 LET co. Ltd (2018–2024)
The table below shows the annual net assets of LET co. Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩220.93 Billion | -3.87% |
| 2023-12-31 | ₩229.81 Billion | +60.71% |
| 2022-12-31 | ₩143.00 Billion | +37.68% |
| 2021-12-31 | ₩103.86 Billion | +128.79% |
| 2020-12-31 | ₩45.40 Billion | +49.91% |
| 2019-12-31 | ₩30.28 Billion | +65.16% |
| 2018-12-31 | ₩18.34 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to LET 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 437.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩127.87 Billion | 57.88% |
| Other Components | ₩93.06 Billion | 42.12% |
| Total Equity | ₩220.93 Billion | 100.00% |
LET co. Ltd Competitors by Market Cap
The table below lists competitors of LET co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ramco Systems Limited
NSE:RAMCOSYS
|
$64.81 Million |
|
Salzer Electronics Limited
NSE:SALZERELEC
|
$64.81 Million |
|
Sunko Ink Co Ltd
TW:1721
|
$64.82 Million |
|
Rajratan Global Wire Limited
NSE:RAJRATAN
|
$64.83 Million |
|
Young Poong Precision Corporation
KQ:036560
|
$64.81 Million |
|
Anson Resources Limited
OTCQB:ANSNF
|
$64.78 Million |
|
Marti Technologies Inc.
NYSE:MRT
|
$64.76 Million |
|
Ether Capital Corporation
PINK:DTSRF
|
$64.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LET co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 229,805,466,880 to 220,925,032,890, a change of -8,880,433,990 (-3.9%).
- Net loss of 20,756,795,750 reduced equity.
- Dividend payments of 2,077,279,110 reduced retained earnings.
- Share repurchases of 109,602,120 reduced equity.
- New share issuances of 109,602,110 increased equity.
- Other factors increased equity by 13,953,640,880.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-20.76 Billion | -9.4% |
| Dividends Paid | ₩2.08 Billion | -0.94% |
| Share Repurchases | ₩109.60 Million | -0.05% |
| Share Issuances | ₩109.60 Million | +0.05% |
| Other Changes | ₩13.95 Billion | +6.32% |
| Total Change | ₩- | -3.86% |
Book Value vs Market Value Analysis
This analysis compares LET 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 increased from 0.52x to 0.67x 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 | ₩3939.27 | ₩2035.00 | x |
| 2019-12-31 | ₩6248.26 | ₩2035.00 | x |
| 2020-12-31 | ₩6385.39 | ₩2035.00 | x |
| 2021-12-31 | ₩1555.95 | ₩2035.00 | x |
| 2022-12-31 | ₩2188.82 | ₩2035.00 | x |
| 2023-12-31 | ₩3320.76 | ₩2035.00 | x |
| 2024-12-31 | ₩3020.54 | ₩2035.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LET 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): -9.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.78%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.33x
- Recent ROE (-9.40%) is below the historical average (19.44%), 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 | 56.84% | 20.99% | 1.25x | 2.16x | ₩8.59 Billion |
| 2019 | 24.36% | 15.75% | 0.87x | 1.77x | ₩4.35 Billion |
| 2020 | -5.01% | -10.79% | 0.32x | 1.45x | ₩-6.81 Billion |
| 2021 | 5.86% | 13.01% | 0.29x | 1.53x | ₩-4.30 Billion |
| 2022 | 30.48% | 23.24% | 0.87x | 1.50x | ₩29.29 Billion |
| 2023 | 32.91% | 78.64% | 0.32x | 1.30x | ₩52.64 Billion |
| 2024 | -9.40% | -15.78% | 0.45x | 1.33x | ₩-42.85 Billion |
Industry Comparison
This section compares LET co. Ltd's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $92,355,464,858
- Average return on equity (ROE) among peers: 3.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LET co. Ltd (297890) | ₩247.20 Billion | 56.84% | 0.26x | $64.81 Million |
| NanoenTekInc (039860) | $22.98 Billion | 0.00% | 0.93x | $79.23 Million |
| 068100 (068100) | $8.27 Billion | -29.84% | 0.79x | $9.95 Million |
| THINKWARE Corporation (084730) | $181.09 Billion | 1.85% | 0.92x | $33.86 Million |
| Mobile Appliance Inc. (087260) | $43.74 Billion | 5.72% | 0.85x | $36.80 Million |
| Suprema HQ Inc (094840) | $209.14 Billion | 17.82% | 0.10x | $20.47 Million |
| Woojin (105840) | $116.53 Billion | 2.21% | 0.26x | $202.94 Million |
| HyVision System. Inc (126700) | $200.33 Billion | 12.00% | 0.54x | $128.35 Million |
| DAIHAN Scientific Co. Ltd (131220) | $18.57 Billion | 3.74% | 1.03x | $13.44 Million |
| Parksystems Corp (140860) | $30.56 Billion | 14.87% | 0.21x | $772.61 Million |