ICH Co Ltd
ICH Co., Ltd. engages in the development, manufacture, and distribution of special material parts for electronic devices in South Korea, Vietnam, India, China, and internationally. The company offers acrylic adhesive tapes, silicone protective film, and embo acrylic adhesive tapes; polyurethane and acrylic foam; conductive fabric and tapes, and noise-prevention gaskets; composite functional mater… Read more
ICH Co Ltd (368600) - Net Assets
Latest net assets as of September 2025: ₩36.34 Billion KRW
Based on the latest financial reports, ICH Co Ltd (368600) has net assets worth ₩36.34 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 (₩106.95 Billion) and total liabilities (₩70.61 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 | ₩36.34 Billion |
| % of Total Assets | 33.98% |
| Annual Growth Rate | 38.5% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 89.98 |
ICH Co Ltd - Net Assets Trend (2020–2024)
This chart illustrates how ICH 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 ICH Co Ltd (2020–2024)
The table below shows the annual net assets of ICH Co Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩43.46 Billion | -20.31% |
| 2023-12-31 | ₩54.53 Billion | -14.94% |
| 2022-12-31 | ₩64.12 Billion | +80.25% |
| 2021-12-31 | ₩35.57 Billion | +201.15% |
| 2020-12-31 | ₩11.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ICH 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 decreased by 239.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩8.77 Billion | 20.18% |
| Other Components | ₩46.41 Billion | 106.79% |
| Total Equity | ₩43.46 Billion | 100.00% |
ICH Co Ltd Competitors by Market Cap
The table below lists competitors of ICH Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bhuwanatala Indah Permai Tbk
JK:BIPP
|
$4.24 Million |
|
T.C.J. Asia Public Company Limited
BK:TCJ
|
$4.24 Million |
|
Hartshead Resources NL
PINK:PGNYF
|
$4.24 Million |
|
Anghami De Inc
NASDAQ:ANGH
|
$4.24 Million |
|
Lilama 18 JSC
VN:LM8
|
$4.24 Million |
|
Menif Financial Services Ltd
TA:MNIF
|
$4.24 Million |
|
Maat Pharma SA
PA:MAAT
|
$4.23 Million |
|
Minim Inc
NASDAQ:MINM
|
$4.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ICH Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 54,534,593,050 to 43,457,750,560, a change of -11,076,842,490 (-20.3%).
- Net loss of 12,840,924,350 reduced equity.
- Other factors increased equity by 1,764,081,860.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-12.84 Billion | -29.55% |
| Other Changes | ₩1.76 Billion | +4.06% |
| Total Change | ₩- | -20.31% |
Book Value vs Market Value Analysis
This analysis compares ICH 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: 0.36x
- 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 1.43x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₩628.50 | ₩900.00 | x |
| 2021-12-31 | ₩1876.54 | ₩900.00 | x |
| 2022-12-31 | ₩3772.76 | ₩900.00 | x |
| 2023-12-31 | ₩3173.00 | ₩900.00 | x |
| 2024-12-31 | ₩2528.52 | ₩900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ICH 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): -29.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.89%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.53x
- Recent ROE (-29.55%) is below the historical average (-2.13%), 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 | 21.03% | 9.49% | 0.70x | 3.17x | ₩1.20 Billion |
| 2021 | 27.40% | 25.31% | 0.69x | 1.56x | ₩6.18 Billion |
| 2022 | -10.01% | -28.12% | 0.28x | 1.28x | ₩-12.83 Billion |
| 2023 | -19.52% | -24.65% | 0.36x | 2.19x | ₩-16.10 Billion |
| 2024 | -29.55% | -19.89% | 0.59x | 2.53x | ₩-17.19 Billion |
Industry Comparison
This section compares ICH Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $1,182,735,888,965
- Average return on equity (ROE) among peers: 13.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ICH Co Ltd (368600) | ₩36.34 Billion | 21.03% | 1.94x | $4.24 Million |
| YoungPoong (000670) | $1.92 Trillion | 12.09% | 0.37x | $141.87 Million |
| Sam Hwa Capaci (001820) | $32.31 Billion | 5.37% | 1.45x | $256.49 Million |
| Samick Music I (002450) | $129.03 Billion | 85.85% | 1.36x | $30.81 Million |
| Hansol Technics (004710) | $279.10 Billion | 9.39% | 1.12x | $84.94 Million |
| Sunny Elec (004770) | $14.69 Billion | -26.30% | 0.94x | $33.79 Million |
| PJ Electronics Co. Ltd (006140) | $104.92 Billion | 6.76% | 0.22x | $20.94 Million |
| Isupetasys (007660) | $163.27 Billion | 14.70% | 0.84x | $4.21 Billion |
| Korea Circuit Co. Ltd. (007810) | $99.55 Billion | 14.09% | 1.24x | $425.68 Million |
| Kyung In Elect (009140) | $70.58 Billion | 8.20% | 0.06x | $7.73 Million |
| Samsung Electro-Mechanics (009150) | $9.02 Trillion | 7.53% | 0.42x | $17.64 Billion |