SeA Mechanics Co. Ltd.
SeA Mechanics Co., Ltd. manufactures and sells automotive and electronic parts in South Korea and internationally. The company offers secondary batteries, including battery module and pack parts; electric automotive parts, such as DC boxes, control unit brackets, front end covers, coolant ports, and rear brackets; cover heat sinks and heat sinks for electric two-wheel vehicles; hydrogen automotiv… Read more
SeA Mechanics Co. Ltd. (396300) - Net Assets
Latest net assets as of September 2025: ₩72.17 Billion KRW
Based on the latest financial reports, SeA Mechanics Co. Ltd. (396300) has net assets worth ₩72.17 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 (₩147.56 Billion) and total liabilities (₩75.39 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 | ₩72.17 Billion |
| % of Total Assets | 48.91% |
| Annual Growth Rate | 19.0% |
| 5-Year Change | 114.14% |
| 10-Year Change | N/A |
| Growth Volatility | 18.74 |
SeA Mechanics Co. Ltd. - Net Assets Trend (2018–2024)
This chart illustrates how SeA Mechanics 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 SeA Mechanics Co. Ltd. (2018–2024)
The table below shows the annual net assets of SeA Mechanics Co. Ltd. from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩71.68 Billion | +1.98% |
| 2023-12-31 | ₩70.28 Billion | +10.25% |
| 2022-12-31 | ₩63.75 Billion | +60.49% |
| 2021-12-31 | ₩39.72 Billion | +18.68% |
| 2020-12-31 | ₩33.47 Billion | +14.56% |
| 2019-12-31 | ₩29.22 Billion | +15.81% |
| 2018-12-31 | ₩25.23 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SeA Mechanics 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 114.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩50.65 Billion | 70.66% |
| Common Stock | ₩2.65 Billion | 3.70% |
| Other Components | ₩18.38 Billion | 25.65% |
| Total Equity | ₩71.68 Billion | 100.00% |
SeA Mechanics Co. Ltd. Competitors by Market Cap
The table below lists competitors of SeA Mechanics Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sea Forest Limited
AU:SEA
|
$35.50 Million |
|
Orient Technologies Limited
NSE:ORIENTTECH
|
$35.51 Million |
|
Lisata Therapeutics Inc.
NASDAQ:LSTA
|
$35.53 Million |
|
Optomed PLC
HE:OPTOMED
|
$35.53 Million |
|
PRICELINE.COM - Dusseldorf Stock Exchang
DU:PCE1
|
$35.50 Million |
|
Fluidigm Corporation
F:FLB
|
$35.49 Million |
|
Seronics Co. Ltd
KQ:042600
|
$35.47 Million |
|
Alicon Castalloy Limited
NSE:ALICON
|
$35.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SeA Mechanics Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 70,284,330,680 to 71,677,047,240, a change of 1,392,716,560 (2.0%).
- Net income of 2,544,907,900 contributed positively to equity growth.
- Share repurchases of 1,025,898,800 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.54 Billion | +3.55% |
| Share Repurchases | ₩1.03 Billion | -1.43% |
| Other Changes | ₩-126.29 Million | -0.18% |
| Total Change | ₩- | 1.98% |
Book Value vs Market Value Analysis
This analysis compares SeA Mechanics 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: 1.40x
- 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 4.03x to 1.40x 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 | ₩952.39 | ₩3840.00 | x |
| 2019-12-31 | ₩1102.98 | ₩3840.00 | x |
| 2020-12-31 | ₩1263.58 | ₩3840.00 | x |
| 2021-12-31 | ₩1818.79 | ₩3840.00 | x |
| 2022-12-31 | ₩2406.64 | ₩3840.00 | x |
| 2023-12-31 | ₩2653.29 | ₩3840.00 | x |
| 2024-12-31 | ₩2736.86 | ₩3840.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SeA Mechanics 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): 3.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.76%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.84x
- Recent ROE (3.55%) is below the historical average (11.91%), 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 | 16.93% | 5.68% | 1.68x | 1.78x | ₩1.75 Billion |
| 2019 | 19.50% | 6.45% | 1.83x | 1.66x | ₩2.78 Billion |
| 2020 | 12.71% | 5.14% | 1.75x | 1.42x | ₩907.09 Million |
| 2021 | 15.61% | 5.92% | 1.95x | 1.35x | ₩2.23 Billion |
| 2022 | 6.00% | 4.37% | 1.11x | 1.24x | ₩-2.55 Billion |
| 2023 | 9.04% | 7.32% | 0.85x | 1.45x | ₩-676.09 Million |
| 2024 | 3.55% | 2.76% | 0.70x | 1.84x | ₩-4.62 Billion |
Industry Comparison
This section compares SeA Mechanics Co. Ltd.'s net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SeA Mechanics Co. Ltd. (396300) | ₩72.17 Billion | 16.93% | 1.04x | $35.50 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |