LET co. Ltd Net Assets
LET co. Ltd net assets. Based on the latest financial reports, LET co. Ltd (297890) has net assets worth ₩275.93 Billion KRW (≈ $186.99 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 (₩366.91 Billion ≈ $248.65 Million USD) and total liabilities (₩90.98 Billion ≈ $61.66 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. See LET co. Ltd (297890) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩275.93 Billion |
| % of Total Assets | 75.2% |
| Annual Growth Rate | 45.01% |
| 5-Year Change | 138.12% |
| 10-Year Change | N/A |
| Growth Volatility | 39.74 |
Net Assets of LET co. Ltd (2018–2025)
Net assets of LET co. Ltd from 2018 to 2025. This chart illustrates how LET co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how fast is LET co. Ltd growing its equity to track the company's year-over-year net asset growth rate.
Annual Net Assets for LET co. Ltd (2018–2025)
The table below shows the annual net assets of LET co. Ltd from 2018 to 2025. For live market cap and overall valuation, see 297890 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩247.32 Billion ≈ $167.60 Million |
+11.94% |
| 2024-12-31 | ₩220.93 Billion ≈ $149.72 Million |
-3.87% |
| 2023-12-31 | ₩229.81 Billion ≈ $155.74 Million |
+60.71% |
| 2022-12-31 | ₩143.00 Billion ≈ $96.91 Million |
+37.68% |
| 2021-12-31 | ₩103.86 Billion ≈ $70.39 Million |
+128.79% |
| 2020-12-31 | ₩45.40 Billion ≈ $30.76 Million |
+49.91% |
| 2019-12-31 | ₩30.28 Billion ≈ $20.52 Million |
+65.16% |
| 2018-12-31 | ₩18.34 Billion ≈ $12.43 Million |
-- |
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 540.9% over the analyzed period, indicating profitable operations and earnings retention.
LET co. Ltd Net Assets Breakdown (December 2025)
LET co. Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩152.45 Billion | 61.91% |
| Other Components | ₩93.79 Billion | 38.09% |
| Total Equity | ₩246.24 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 |
|---|---|
|
Scorpio Gold Corp
V:SGN
|
$68.66 Million |
|
Berjaya Food Bhd
KLSE:5196
|
$68.73 Million |
|
Wanbury Limited
NSE:WANBURY
|
$68.74 Million |
|
Scana ASA
OL:SCANA
|
$68.77 Million |
|
RoyalTek Co Ltd
TWO:3306
|
$68.64 Million |
|
SBI Investment KOREA Co. Ltd
KQ:019550
|
$68.58 Million |
|
E & M Computing Ltd
TA:EMCO
|
$68.56 Million |
|
Datavault AI Inc.
NASDAQ:DVLT
|
$68.53 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 2024 to 2025, total equity changed from 220,925,032,890 to 246,238,975,170, a change of 25,313,942,280 (11.5%).
- Net income of 26,489,170,540 contributed positively to equity growth.
- Dividend payments of 2,194,227,420 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩26.49 Billion | +10.76% |
| Dividends Paid | ₩2.19 Billion | -0.89% |
| Other Changes | ₩1.02 Billion | +0.41% |
| Total Change | ₩- | 11.46% |
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: 0.41x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ₩3939.27 | ₩1385.00 | x |
| 2019-12-31 | ₩6248.26 | ₩1385.00 | x |
| 2020-12-31 | ₩6385.39 | ₩1385.00 | x |
| 2021-12-31 | ₩1555.95 | ₩1385.00 | x |
| 2022-12-31 | ₩2188.82 | ₩1385.00 | x |
| 2023-12-31 | ₩3320.76 | ₩1385.00 | x |
| 2024-12-31 | ₩3020.54 | ₩1385.00 | x |
| 2025-12-31 | ₩3366.64 | ₩1385.00 | 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): 10.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 42.15%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.25x
- Recent ROE (10.76%) is below the historical average (18.35%), 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 |
| 2025 | 10.76% | 42.15% | 0.20x | 1.25x | ₩1.87 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: $77,125,279,683
- Average return on equity (ROE) among peers: 1.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LET co. Ltd (297890) | ₩275.93 Billion | 56.84% | 0.33x | $68.65 Million |
| NanoenTekInc (039860) | $23.35 Billion | 0.00% | 0.30x | $101.62 Million |
| THINKWARE Corporation (084730) | $124.63 Billion | 0.73% | 0.60x | $52.60 Million |
| Suprema HQ Inc (094840) | $241.76 Billion | 5.54% | 0.04x | $79.41 Million |
| Woojin (105840) | $132.73 Billion | -8.94% | 0.51x | $134.38 Million |
| HyVision System. Inc (126700) | $67.29 Billion | 10.66% | 0.17x | $88.41 Million |
| DAIHAN Scientific Co. Ltd (131220) | $42.22 Billion | 6.38% | 0.61x | $18.79 Million |
| Parksystems Corp (140860) | $22.60 Billion | 15.96% | 0.13x | $1.08 Billion |
| Eugene ACPC SPAC 2 (215090) | $19.10 Billion | -8.14% | 0.59x | $20.61 Million |
| Wintec Co. Ltd (320000) | $20.43 Billion | -7.91% | 0.10x | $164.43 Million |
About 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