WithTech Inc.
WITHTECH Co., LTD. engages in the provision of solutions for manufacturing environment, and process pollution and management in materials and utilities in semiconductor and display industries in South Korea. The company offers environment monitoring products, including ammonia, acid gas, total AMCs, ozone, TVOC, fast multi organic gas, and highly concentrated organic gas monitoring systems, as we… Read more
WithTech Inc. (348350) - Net Assets
Latest net assets as of June 2025: ₩117.84 Billion KRW
Based on the latest financial reports, WithTech Inc. (348350) has net assets worth ₩117.84 Billion KRW as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩139.35 Billion) and total liabilities (₩21.51 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 | ₩117.84 Billion |
| % of Total Assets | 84.56% |
| Annual Growth Rate | 21.52% |
| 5-Year Change | 35.88% |
| 10-Year Change | N/A |
| Growth Volatility | 24.78 |
WithTech Inc. - Net Assets Trend (2018–2024)
This chart illustrates how WithTech Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for WithTech Inc. (2018–2024)
The table below shows the annual net assets of WithTech Inc. from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩120.09 Billion | +4.26% |
| 2023-12-31 | ₩115.19 Billion | +5.14% |
| 2022-12-31 | ₩109.56 Billion | +10.28% |
| 2021-12-31 | ₩99.35 Billion | +12.41% |
| 2020-12-31 | ₩88.38 Billion | +73.58% |
| 2019-12-31 | ₩50.92 Billion | +36.60% |
| 2018-12-31 | ₩37.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to WithTech Inc.'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 152.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩92.67 Billion | 77.17% |
| Common Stock | ₩5.09 Billion | 4.24% |
| Other Components | ₩22.33 Billion | 18.60% |
| Total Equity | ₩120.09 Billion | 100.00% |
WithTech Inc. Competitors by Market Cap
The table below lists competitors of WithTech Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Horizon Gold Ltd
AU:HRN
|
$28.95 Million |
|
RMX Industries, Inc.
OTCQB:RMXI
|
$28.95 Million |
|
Nexteq plc
F:R87
|
$28.97 Million |
|
Swift Haulage Bhd
KLSE:5303
|
$28.97 Million |
|
Inuvo Inc
NYSE MKT:INUV
|
$28.92 Million |
|
Vanet Gida Sanayi Ic ve Dis Ticaret AS
IS:VANGD
|
$28.92 Million |
|
Datavault AI Inc.
NASDAQ:DVLT
|
$28.92 Million |
|
Experience Co Ltd
AU:EXP
|
$28.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WithTech Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 115,189,545,340 to 120,093,146,740, a change of 4,903,601,400 (4.3%).
- Net income of 7,068,116,240 contributed positively to equity growth.
- Share repurchases of 2,401,951,870 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩7.07 Billion | +5.89% |
| Share Repurchases | ₩2.40 Billion | -2.0% |
| Other Changes | ₩237.44 Million | +0.2% |
| Total Change | ₩- | 4.26% |
Book Value vs Market Value Analysis
This analysis compares WithTech Inc.'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: 0.83x
- 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 decreased from 2.18x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ₩4659.37 | ₩10160.00 | x |
| 2019-12-31 | ₩6364.84 | ₩10160.00 | x |
| 2020-12-31 | ₩8679.10 | ₩10160.00 | x |
| 2021-12-31 | ₩9755.75 | ₩10160.00 | x |
| 2022-12-31 | ₩10908.32 | ₩10160.00 | x |
| 2023-12-31 | ₩11468.95 | ₩10160.00 | x |
| 2024-12-31 | ₩12287.50 | ₩10160.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WithTech Inc. 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): 5.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.21%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.16x
- Recent ROE (5.89%) is below the historical average (11.20%), 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 | 12.43% | 10.72% | 0.63x | 1.84x | ₩906.67 Million |
| 2019 | 22.81% | 19.73% | 0.72x | 1.60x | ₩6.52 Billion |
| 2020 | 9.60% | 15.26% | 0.48x | 1.31x | ₩-350.76 Million |
| 2021 | 10.97% | 15.95% | 0.55x | 1.26x | ₩959.39 Million |
| 2022 | 11.18% | 16.87% | 0.49x | 1.35x | ₩1.29 Billion |
| 2023 | 5.50% | 12.78% | 0.36x | 1.18x | ₩-5.19 Billion |
| 2024 | 5.89% | 16.21% | 0.31x | 1.16x | ₩-4.94 Billion |
Industry Comparison
This section compares WithTech Inc.'s net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $128,266,771,899
- Average return on equity (ROE) among peers: -0.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WithTech Inc. (348350) | ₩117.84 Billion | 12.43% | 0.18x | $28.92 Million |
| D I Corp (003160) | $167.74 Billion | 0.65% | 0.91x | $431.82 Million |
| Samick Thk (004380) | $79.31 Billion | 5.11% | 0.99x | $42.11 Million |
| PSMC CO. Ltd (024850) | $22.26 Billion | -14.70% | 0.84x | $196.26 Million |
| Mirae Corporation (025560) | $38.02 Billion | 0.00% | 1.53x | $27.97 Million |
| MK Electron Co. Ltd (033160) | $352.21 Billion | 7.86% | 4.63x | $116.29 Million |
| Signetics Corporation (033170) | $147.33 Billion | -4.23% | 0.36x | $27.88 Million |
| Nepes Corporation (033640) | $120.68 Billion | 0.00% | 0.99x | $198.76 Million |
| EO Technics Co. Ltd (039030) | $163.17 Billion | 20.30% | 0.48x | $2.23 Billion |
| Hanmi Semicon (042700) | $127.29 Billion | 5.51% | 0.44x | $8.58 Billion |
| Gigalane Co Ltd (049080) | $64.66 Billion | -20.68% | 1.35x | $19.35 Million |