TLB Co. Ltd.
TLB Co., Ltd. manufactures and sells printed circuit boards (PCBs) in South Korea, China, rest of Asia, and the United States. It provides SSD, memory module, and tester PCB products. The company was founded in 2011 and is headquartered in Ansan-si, South Korea.
TLB Co. Ltd. (356860) - Net Assets
Latest net assets as of September 2025: ₩120.74 Billion KRW
Based on the latest financial reports, TLB Co. Ltd. (356860) has net assets worth ₩120.74 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 (₩224.78 Billion) and total liabilities (₩104.05 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 | ₩120.74 Billion |
| % of Total Assets | 53.71% |
| Annual Growth Rate | 12.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.56 |
TLB Co. Ltd. - Net Assets Trend (2020–2024)
This chart illustrates how TLB 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 TLB Co. Ltd. (2020–2024)
The table below shows the annual net assets of TLB Co. Ltd. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩112.10 Billion | +1.69% |
| 2023-12-31 | ₩110.24 Billion | -1.86% |
| 2022-12-31 | ₩112.32 Billion | +34.96% |
| 2021-12-31 | ₩83.23 Billion | +17.20% |
| 2020-12-31 | ₩71.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TLB 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 118.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩77.39 Billion | 69.04% |
| Common Stock | ₩4.92 Billion | 4.39% |
| Other Components | ₩29.78 Billion | 26.57% |
| Total Equity | ₩112.08 Billion | 100.00% |
TLB Co. Ltd. Competitors by Market Cap
The table below lists competitors of TLB Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Tianyi Comheart Telecom Co Ltd Class A
SHE:300504
|
$272.38 Million |
|
Centurion Acquisition Corp. Unit
NASDAQ:ALFUU
|
$272.45 Million |
|
Adtran Networks SE
F:ADV
|
$272.52 Million |
|
Argus Shanghai Textile Chemicals Co Ltd
SHG:603790
|
$272.57 Million |
|
Enity
ST:ENITY
|
$272.13 Million |
|
CoAsia Microelectronics
TWO:8096
|
$272.11 Million |
|
Almonty Industries Inc
OTCQX:ALMTF
|
$272.11 Million |
|
Formycon AG
XETRA:FYB
|
$271.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TLB Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 110,249,828,680 to 112,082,174,730, a change of 1,832,346,050 (1.7%).
- Net income of 3,617,832,160 contributed positively to equity growth.
- Dividend payments of 1,954,526,000 reduced retained earnings.
- Share repurchases of 639,601,640 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.62 Billion | +3.23% |
| Dividends Paid | ₩1.95 Billion | -1.74% |
| Share Repurchases | ₩639.60 Million | -0.57% |
| Other Changes | ₩808.64 Million | +0.72% |
| Total Change | ₩- | 1.66% |
Book Value vs Market Value Analysis
This analysis compares TLB 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: 5.13x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.33x to 5.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₩17753.66 | ₩59100.00 | x |
| 2021-12-31 | ₩8464.71 | ₩59100.00 | x |
| 2022-12-31 | ₩11423.57 | ₩59100.00 | x |
| 2023-12-31 | ₩11281.49 | ₩59100.00 | x |
| 2024-12-31 | ₩11527.97 | ₩59100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TLB 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): 3.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.01%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.68x
- Recent ROE (3.23%) is below the historical average (12.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 16.64% | 6.42% | 1.62x | 1.60x | ₩4.72 Billion |
| 2021 | 14.91% | 6.97% | 1.42x | 1.50x | ₩4.09 Billion |
| 2022 | 27.20% | 13.79% | 1.34x | 1.47x | ₩19.32 Billion |
| 2023 | 2.28% | 1.47% | 0.99x | 1.57x | ₩-8.51 Billion |
| 2024 | 3.23% | 2.01% | 0.96x | 1.68x | ₩-7.59 Billion |
Industry Comparison
This section compares TLB Co. Ltd.'s net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $4,884,693,441,806
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TLB Co. Ltd. (356860) | ₩120.74 Billion | 16.64% | 0.86x | $272.32 Million |
| SK Hynix Inc (000660) | $46.85 Trillion | 33.17% | 0.36x | $359.51 Billion |
| DB HiTek Co Ltd (000990) | $375.96 Billion | 10.99% | 1.60x | $1.65 Billion |
| Charm Engine (009310) | $103.16 Billion | 14.91% | 1.03x | $6.17 Million |
| Auk Corp (017900) | $78.53 Billion | 4.40% | 1.19x | $27.81 Million |
| SFA Semicon Co. Ltd (036540) | $455.60 Billion | 9.42% | 0.48x | $348.99 Million |
| Fine Semitech Corp (036810) | $239.77 Billion | -5.65% | 0.71x | $388.60 Million |
| Seoul Semiconductor Co. Ltd (046890) | $187.09 Billion | 9.45% | 0.31x | $285.72 Million |
| Kona I Co.Ltd (052400) | $82.57 Billion | -11.14% | 2.49x | $351.95 Million |
| Telechips Inc (054450) | $246.20 Billion | 25.44% | 0.52x | $90.74 Million |
| APS Holdings Corporation (054620) | $225.71 Billion | -0.59% | 0.83x | $45.27 Million |