Hpsp Co Ltd (403870) - Net Assets
Based on the latest financial reports, Hpsp Co Ltd (403870) has net assets worth ₩292.87 Billion KRW (≈ $198.48 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩392.68 Billion ≈ $266.11 Million USD) and total liabilities (₩99.80 Billion ≈ $67.64 Million USD). 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. Also explore 403870 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩292.87 Billion |
| % of Total Assets | 74.58% |
| Annual Growth Rate | 55.06% |
| 5-Year Change | 484.34% |
| 10-Year Change | N/A |
| Growth Volatility | 99.43 |
Hpsp Co Ltd - Net Assets Trend (2020–2025)
This chart illustrates how Hpsp Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Hpsp Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Hpsp Co Ltd (2020–2025)
The table below shows the annual net assets of Hpsp Co Ltd from 2020 to 2025. For live valuation and market cap data, see 403870 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | ₩308.23 Billion ≈ $208.88 Million |
+10.91% |
| 2024-09-30 | ₩277.91 Billion ≈ $188.34 Million |
+0.30% |
| 2023-09-30 | ₩277.08 Billion ≈ $187.77 Million |
+41.82% |
| 2022-09-30 | ₩195.37 Billion ≈ $132.40 Million |
+270.38% |
| 2021-09-30 | ₩52.75 Billion ≈ $35.75 Million |
+53.38% |
| 2020-09-30 | ₩34.39 Billion ≈ $23.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hpsp 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 1789.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩277.92 Billion | 90.17% |
| Other Components | ₩30.31 Billion | 9.83% |
| Total Equity | ₩308.23 Billion | 100.00% |
Hpsp Co Ltd Competitors by Market Cap
The table below lists competitors of Hpsp Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Empresas Cablevisión S.A.B. de C.V
MX:CABLECPO
|
$2.15 Billion |
|
La Comer S.A.B. de C.V
MX:LACOMERUBC
|
$2.15 Billion |
|
CPI Europe AG
VI:CPI
|
$2.16 Billion |
|
VNET Group Inc DRC
NASDAQ:VNET
|
$2.16 Billion |
|
V2X Inc
NYSE:VVX
|
$2.15 Billion |
|
OPT Machine Vision Tech Co. Ltd. A
SHG:688686
|
$2.15 Billion |
|
Harbin Pharmaceutical Group Co Ltd
SHG:600664
|
$2.15 Billion |
|
Silvercorp Metals Inc
TO:SVM
|
$2.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hpsp Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 277,910,828,150 to 308,230,752,420, a change of 30,319,924,270 (10.9%).
- Net income of 72,662,225,540 contributed positively to equity growth.
- Dividend payments of 48,219,203,400 reduced retained earnings.
- New share issuances of 862,901,780 increased equity.
- Other factors increased equity by 5,014,000,350.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩72.66 Billion | +23.57% |
| Dividends Paid | ₩48.22 Billion | -15.64% |
| Share Issuances | ₩862.90 Million | +0.28% |
| Other Changes | ₩5.01 Billion | +1.63% |
| Total Change | ₩- | 10.91% |
Book Value vs Market Value Analysis
This analysis compares Hpsp 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: 10.31x
- 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 89.63x to 10.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | ₩436.22 | ₩39100.00 | x |
| 2021-09-30 | ₩667.72 | ₩39100.00 | x |
| 2022-09-30 | ₩2407.27 | ₩39100.00 | x |
| 2023-09-30 | ₩3349.85 | ₩39100.00 | x |
| 2024-09-30 | ₩3445.93 | ₩39100.00 | x |
| 2025-09-30 | ₩3792.80 | ₩39100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hpsp 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): 23.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 42.01%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.20x
- Recent ROE (23.57%) is below the historical average (39.30%), 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 | 51.35% | 28.87% | 1.16x | 1.53x | ₩14.22 Billion |
| 2021 | 67.00% | 38.52% | 1.00x | 1.74x | ₩30.07 Billion |
| 2022 | 33.78% | 41.43% | 0.61x | 1.34x | ₩46.47 Billion |
| 2023 | 29.03% | 44.91% | 0.56x | 1.16x | ₩52.72 Billion |
| 2024 | 31.05% | 47.56% | 0.57x | 1.15x | ₩58.49 Billion |
| 2025 | 23.57% | 42.01% | 0.47x | 1.20x | ₩41.84 Billion |
Industry Comparison
This section compares Hpsp Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $93,495,059,064
- Average return on equity (ROE) among peers: 4.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hpsp Co Ltd (403870) | ₩292.87 Billion | 51.35% | 0.34x | $2.15 Billion |
| Hwacheon Mac (000850) | $222.46 Billion | 6.90% | 0.38x | $48.53 Million |
| Daidong Elec (008110) | $82.80 Billion | 0.76% | 0.28x | $71.25 Million |
| Booster Co. Ltd (008470) | $60.30 Billion | 8.31% | 0.26x | $18.40 Million |
| Simpac (009160) | $463.99 Billion | 7.36% | 0.59x | $74.66 Million |
| Kyung Dong Navien Co Ltd (009450) | $109.85 Billion | 4.92% | 0.45x | $615.10 Million |
| Korea Refract (010040) | $220.34 Billion | 0.37% | 0.48x | $34.63 Million |
| Woojin I&S Co Ltd (010400) | $93.61 Billion | -3.55% | 0.19x | $20.62 Million |
| Hwacheon Machi (010660) | $126.33 Billion | 5.47% | 0.45x | $38.54 Million |
| Han Shin Mach (011700) | $64.93 Billion | 10.21% | 0.35x | $49.21 Million |
| STX Corporation (011810) | $-509.66 Billion | 0.00% | 0.00x | $74.11 Million |
About Hpsp Co Ltd
HPSP Co., Ltd. manufactures and sells high pressure annealing semiconductor equipment for the semiconductor industry in South Korea. It offers GENI-SYS, a high-pressure hydrogen annealing equipment; and GENI and GENI-SE. The company also provides after-sales service for products; and sells parts. HPSP Co., Ltd. was founded in 2005 and is headquartered in Hwaseong-si, South Korea.