G2Power Co. Ltd.
G2Power Co. Ltd researches, develops, manufactures, and sells photovoltaic solar inverters, energy storage systems, and switchgear in South Korea. It offers photovoltaic power generation systems, power conversion systems, connection boards, solar radiation sensors, monitoring systems, and Electric fire monitoring devices in connection boards; and Arc monitoring and diagnosis services on the switc… Read more
G2Power Co. Ltd. (388050) - Net Assets
Latest net assets as of September 2025: ₩39.11 Billion KRW
Based on the latest financial reports, G2Power Co. Ltd. (388050) has net assets worth ₩39.11 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 (₩89.62 Billion) and total liabilities (₩50.51 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 | ₩39.11 Billion |
| % of Total Assets | 43.64% |
| Annual Growth Rate | 82.51% |
| 5-Year Change | 817.92% |
| 10-Year Change | N/A |
| Growth Volatility | 125.58 |
G2Power Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how G2Power 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 G2Power Co. Ltd. (2019–2024)
The table below shows the annual net assets of G2Power Co. Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩36.70 Billion | +13.80% |
| 2023-12-31 | ₩32.25 Billion | +4.87% |
| 2022-12-31 | ₩30.75 Billion | +71.44% |
| 2021-12-31 | ₩17.94 Billion | +348.66% |
| 2020-12-31 | ₩4.00 Billion | +120.90% |
| 2019-12-31 | ₩1.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to G2Power 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 573.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩9.65 Billion | 26.30% |
| Common Stock | ₩9.37 Billion | 25.54% |
| Other Components | ₩17.67 Billion | 48.16% |
| Total Equity | ₩36.70 Billion | 100.00% |
G2Power Co. Ltd. Competitors by Market Cap
The table below lists competitors of G2Power Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fullerton Technology Co Ltd
TW:6136
|
$70.08 Million |
|
NORDIC WATERPROOFING HLDG
F:9ZQ
|
$70.10 Million |
|
Marisa Lojas S.A
SA:AMAR3
|
$70.12 Million |
|
NetraMark Holdings Inc.
PINK:AINMF
|
$70.13 Million |
|
Granite Point Mortgage Trust Inc
NYSE:GPMT
|
$70.06 Million |
|
Bigtincan Holdings Limited
PINK:BTGHF
|
$70.05 Million |
|
Geninus Inc.
KQ:389030
|
$70.04 Million |
|
Lotte Non-Life
KO:000400
|
$70.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in G2Power Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,245,404,040 to 36,695,004,880, a change of 4,449,600,840 (13.8%).
- Net income of 4,211,239,680 contributed positively to equity growth.
- Share repurchases of 150,575,670 reduced equity.
- New share issuances of 150,575,670 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩4.21 Billion | +11.48% |
| Share Repurchases | ₩150.58 Million | -0.41% |
| Share Issuances | ₩150.58 Million | +0.41% |
| Other Changes | ₩238.36 Million | +0.65% |
| Total Change | ₩- | 13.80% |
Book Value vs Market Value Analysis
This analysis compares G2Power 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: 5.89x
- 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 decreased from 116.33x to 5.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₩99.63 | ₩11590.00 | x |
| 2020-12-31 | ₩220.09 | ₩11590.00 | x |
| 2021-12-31 | ₩1227.08 | ₩11590.00 | x |
| 2022-12-31 | ₩1692.87 | ₩11590.00 | x |
| 2023-12-31 | ₩1735.27 | ₩11590.00 | x |
| 2024-12-31 | ₩1967.00 | ₩11590.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently G2Power 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): 11.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.60%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.75x
- Recent ROE (11.48%) is above the historical average (9.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -15.47% | -1.47% | 1.58x | 6.69x | ₩-460.95 Million |
| 2020 | 54.07% | 7.42% | 1.29x | 5.64x | ₩1.76 Billion |
| 2021 | 3.01% | 1.44% | 1.41x | 1.48x | ₩-1.25 Billion |
| 2022 | 2.39% | 1.97% | 0.84x | 1.45x | ₩-2.34 Billion |
| 2023 | 2.08% | 1.36% | 0.89x | 1.73x | ₩-2.55 Billion |
| 2024 | 11.48% | 7.60% | 0.86x | 1.75x | ₩541.74 Million |
Industry Comparison
This section compares G2Power Co. Ltd.'s net assets metrics with peer companies in the Machinery, Tools, Heavy Vehicles, Trains & Ships industry.
Industry Context
- Industry: Machinery, Tools, Heavy Vehicles, Trains & Ships
- Average net assets among peers: $111,702,524,769
- Average return on equity (ROE) among peers: 0.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| G2Power Co. Ltd. (388050) | ₩39.11 Billion | -15.47% | 1.29x | $70.07 Million |
| Bosung Power Technology Co. Ltd (006910) | $34.47 Billion | -13.92% | 1.45x | $270.01 Million |
| Youngsin Metal Industrial Co. Ltd (007530) | $42.53 Billion | 5.85% | 2.37x | $22.80 Million |
| SMCore.Inc (007820) | $42.57 Billion | 13.11% | 0.61x | $54.03 Million |
| Heungkuk Metaltech Co.Ltd (010240) | $45.00 Billion | 7.23% | 0.87x | $19.11 Million |
| Nuintek Co.Ltd (012340) | $14.74 Billion | -24.23% | 1.98x | $5.39 Million |
| CAS Corporation (016920) | $49.47 Billion | 2.29% | 1.02x | $10.38 Million |
| Semyung Electric Machinery Co.Ltd (017510) | $71.37 Billion | 4.79% | 0.15x | $60.31 Million |
| Enertork Ltd (019990) | $40.18 Billion | -2.17% | 0.14x | $34.99 Million |
| Tae Kwang Corporation (023160) | $436.13 Billion | 3.49% | 0.16x | $274.49 Million |
| Young Poong Precision Corporation (036560) | $340.55 Billion | 4.55% | 0.21x | $64.81 Million |