SP Systems Co.Ltd
SP Systems Co.,Ltd. provides robotics solutions in South Korea. The company offers linear modules comprising of clean room robot, wireless linear module, and axis linear modules. It also offers cooperative robot, track motion equipment, robot track motion, wireless gantry robot system, and axis gantry robots. In addition, the company provides smart factory, digital transformation, system integrat… Read more
SP Systems Co.Ltd (317830) - Net Assets
Latest net assets as of September 2025: ₩64.11 Billion KRW
Based on the latest financial reports, SP Systems Co.Ltd (317830) has net assets worth ₩64.11 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 (₩94.59 Billion) and total liabilities (₩30.48 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 | ₩64.11 Billion |
| % of Total Assets | 67.77% |
| Annual Growth Rate | 20.56% |
| 5-Year Change | 77.16% |
| 10-Year Change | N/A |
| Growth Volatility | 29.78 |
SP Systems Co.Ltd - Net Assets Trend (2017–2024)
This chart illustrates how SP Systems 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 SP Systems Co.Ltd (2017–2024)
The table below shows the annual net assets of SP Systems Co.Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩54.38 Billion | -21.16% |
| 2023-12-31 | ₩68.98 Billion | +42.13% |
| 2022-12-31 | ₩48.53 Billion | +63.13% |
| 2021-12-31 | ₩29.75 Billion | -3.09% |
| 2020-12-31 | ₩30.70 Billion | +0.85% |
| 2019-12-31 | ₩30.44 Billion | +54.71% |
| 2018-12-31 | ₩19.67 Billion | +33.91% |
| 2017-12-31 | ₩14.69 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SP Systems 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 22.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩17.42 Billion | 32.03% |
| Common Stock | ₩1.08 Billion | 1.98% |
| Other Components | ₩35.89 Billion | 65.99% |
| Total Equity | ₩54.38 Billion | 100.00% |
SP Systems Co.Ltd Competitors by Market Cap
The table below lists competitors of SP Systems Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WW Holding Inc
TW:8442
|
$36.65 Million |
|
Viafin Service Oyj
HE:VIAFIN
|
$36.66 Million |
|
NPC Co. Ltd
KO:004250
|
$36.66 Million |
|
Bai Sha Technology Co Ltd
TWO:8401
|
$36.67 Million |
|
Mark Dynamics Indonesia Tbk PT
JK:MARK
|
$36.64 Million |
|
Cenit AG
LSE:0MUF
|
$36.63 Million |
|
Next Capital Public Company Limited
BK:NCAP
|
$36.63 Million |
|
Aureus Greenway Holdings Inc. Common Stock
NASDAQ:AGH
|
$36.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SP Systems Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 56,510,529,520 to 54,384,824,740, a change of -2,125,704,780 (-3.8%).
- Net loss of 2,123,582,040 reduced equity.
- Dividend payments of 537,946,000 reduced retained earnings.
- Share repurchases of 284,247,000 reduced equity.
- New share issuances of 284,247,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.12 Billion | -3.9% |
| Dividends Paid | ₩537.95 Million | -0.99% |
| Share Repurchases | ₩284.25 Million | -0.52% |
| Share Issuances | ₩284.25 Million | +0.52% |
| Other Changes | ₩535.82 Million | +0.99% |
| Total Change | ₩- | -3.76% |
Book Value vs Market Value Analysis
This analysis compares SP Systems 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: 1.94x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.52x to 1.94x 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 | ₩2938.50 | ₩10350.00 | x |
| 2018-12-31 | ₩3675.69 | ₩10350.00 | x |
| 2019-12-31 | ₩4106.26 | ₩10350.00 | x |
| 2020-12-31 | ₩4141.24 | ₩10350.00 | x |
| 2021-12-31 | ₩4013.33 | ₩10350.00 | x |
| 2022-12-31 | ₩5715.29 | ₩10350.00 | x |
| 2023-12-31 | ₩5556.20 | ₩10350.00 | x |
| 2024-12-31 | ₩5347.20 | ₩10350.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SP Systems 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): -3.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.99%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.81x
- Recent ROE (-3.90%) is below the historical average (3.39%), 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 | 10.02% | 5.45% | 0.99x | 1.86x | ₩3.51 Million |
| 2018 | 16.70% | 7.01% | 0.97x | 2.46x | ₩1.32 Billion |
| 2019 | 4.30% | 4.09% | 0.54x | 1.94x | ₩-1.74 Billion |
| 2020 | 0.96% | 0.95% | 0.59x | 1.72x | ₩-2.77 Billion |
| 2021 | -3.16% | -2.62% | 0.53x | 2.30x | ₩-3.91 Billion |
| 2022 | 3.60% | 3.29% | 0.66x | 1.65x | ₩-3.11 Billion |
| 2023 | -1.43% | -1.33% | 0.60x | 1.79x | ₩-6.46 Billion |
| 2024 | -3.90% | -2.99% | 0.72x | 1.81x | ₩-7.56 Billion |
Industry Comparison
This section compares SP Systems Co.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 |
|---|---|---|---|---|
| SP Systems Co.Ltd (317830) | ₩64.11 Billion | 10.02% | 0.48x | $36.64 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 |