INICS Corp. (452400) - Net Assets
Based on the latest financial reports, INICS Corp. (452400) has net assets worth ₩120.46 Billion KRW (≈ $81.63 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩140.14 Billion ≈ $94.97 Million USD) and total liabilities (₩19.68 Billion ≈ $13.34 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. Check INICS Corp. liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩120.46 Billion |
| % of Total Assets | 85.96% |
| Annual Growth Rate | 29.26% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 19.95 |
INICS Corp. - Net Assets Trend (2022–2024)
This chart illustrates how INICS Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore INICS Corp. (452400) total assets for the complete picture of this company's asset base.
Annual Net Assets for INICS Corp. (2022–2024)
The table below shows the annual net assets of INICS Corp. from 2022 to 2024. For live valuation and market cap data, see INICS Corp. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩121.69 Billion ≈ $82.47 Million |
+50.77% |
| 2023-12-31 | ₩80.71 Billion ≈ $54.70 Million |
+10.86% |
| 2022-12-31 | ₩72.80 Billion ≈ $49.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to INICS Corp.'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 9.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩76.08 Billion | 62.52% |
| Common Stock | ₩4.54 Billion | 3.73% |
| Other Components | ₩41.07 Billion | 33.75% |
| Total Equity | ₩121.69 Billion | 100.00% |
INICS Corp. Competitors by Market Cap
The table below lists competitors of INICS Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Camus Engineering & Construction Inc
KO:013700
|
$56.04 Million |
|
Subex Limited
NSE:SUBEXLTD
|
$56.05 Million |
|
JAKS Resources Bhd
KLSE:4723
|
$56.05 Million |
|
Cho Bi
KO:001550
|
$56.05 Million |
|
AmFIRST Real Estate Investment Trust
KLSE:5120
|
$56.01 Million |
|
Melhus Sparebank
OL:MELG
|
$56.00 Million |
|
Widepoint C
NYSE MKT:WYY
|
$55.98 Million |
|
ClimateRock Class A Ordinary Shares
NASDAQ:CLRC
|
$55.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in INICS Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 80,711,976,810 to 121,687,661,590, a change of 40,975,684,780 (50.8%).
- Net income of 1,015,119,340 contributed positively to equity growth.
- Dividend payments of 2,496,000,000 reduced retained earnings.
- Share repurchases of 40,431,839,420 reduced equity.
- Other factors increased equity by 82,888,404,860.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.02 Billion | +0.83% |
| Dividends Paid | ₩2.50 Billion | -2.05% |
| Share Repurchases | ₩40.43 Billion | -33.23% |
| Other Changes | ₩82.89 Billion | +68.12% |
| Total Change | ₩- | 50.77% |
Book Value vs Market Value Analysis
This analysis compares INICS Corp.'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: 0.68x
- 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 1.16x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩8025.66 | ₩9290.00 | x |
| 2023-12-31 | ₩8897.38 | ₩9290.00 | x |
| 2024-12-31 | ₩13677.24 | ₩9290.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently INICS Corp. 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): 0.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.97%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.13x
- Recent ROE (0.83%) is below the historical average (9.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 14.84% | 9.45% | 1.34x | 1.17x | ₩3.52 Billion |
| 2023 | 13.65% | 9.27% | 1.29x | 1.15x | ₩2.95 Billion |
| 2024 | 0.83% | 0.97% | 0.76x | 1.13x | ₩-11.15 Billion |
Industry Comparison
This section compares INICS Corp.'s net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $565,000,713,308
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| INICS Corp. (452400) | ₩120.46 Billion | 14.84% | 0.16x | $56.01 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $1.60 Billion |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $183.40 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $33.46 Million |
| Tae Won Mulsan (001420) | $32.20 Billion | 1.67% | 0.19x | $15.16 Million |
| Dongkook Ind (001620) | $170.07 Billion | -12.97% | 2.34x | $48.42 Million |
| PS Tec. Co. Ltd (002230) | $42.65 Billion | 9.95% | 0.26x | $112.51 Million |
| Nexen Tire (002350) | $1.60 Trillion | 0.30% | 1.39x | $484.20 Million |
| Nexen Tire Prf 1 (002355) | $1.56 Trillion | 7.59% | 1.21x | $19.07 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $31.63 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $33.27 Million |
About INICS Corp.
Inics Corp. manufactures and sells industrial products and automobile parts in South Korea, China, the United States, Indonesia, and Czechia. The company offers electrified products, such as upper BPC, refractory bulkhead, ceramic wool, MICA, 3D MICA molded products, fireproof cloth with soft Mica AFF and MICA, bus bar tape, battery cell pad, and cell bonding tapes; interior and exterior products… Read more