Hankook Tire Worldwide
Hankook & Company Co., Ltd. manufactures and sells smart energy solutions. The company offers batteries for automotives, commercial vehicles, leisure, and industrial sectors. The company was formerly known as Hankook Technology Group Co., Ltd. and changed its name to Hankook & Company Co., Ltd. in December 2020. Hankook & Company Co., Ltd. was founded in 1941 and is headquartered in Seoul, South … Read more
Hankook Tire Worldwide (000240) - Net Assets
Latest net assets as of September 2025: ₩4.59 Trillion KRW
Based on the latest financial reports, Hankook Tire Worldwide (000240) has net assets worth ₩4.59 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩5.04 Trillion) and total liabilities (₩452.41 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 | ₩4.59 Trillion |
| % of Total Assets | 91.03% |
| Annual Growth Rate | 6.59% |
| 5-Year Change | 27.21% |
| 10-Year Change | 73.49% |
| Growth Volatility | 38.27 |
Hankook Tire Worldwide - Net Assets Trend (2000–2024)
This chart illustrates how Hankook Tire Worldwide's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hankook Tire Worldwide (2000–2024)
The table below shows the annual net assets of Hankook Tire Worldwide from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩4.45 Trillion | +10.86% |
| 2023-12-31 | ₩4.02 Trillion | +4.16% |
| 2022-12-31 | ₩3.86 Trillion | +3.24% |
| 2021-12-31 | ₩3.74 Trillion | +6.71% |
| 2020-12-31 | ₩3.50 Trillion | +3.13% |
| 2019-12-31 | ₩3.39 Trillion | +4.89% |
| 2018-12-31 | ₩3.24 Trillion | +8.00% |
| 2017-12-31 | ₩3.00 Trillion | +4.42% |
| 2016-12-31 | ₩2.87 Trillion | +11.80% |
| 2015-12-31 | ₩2.57 Trillion | +6.27% |
| 2014-12-31 | ₩2.42 Trillion | +6.33% |
| 2013-12-31 | ₩2.27 Trillion | +175.23% |
| 2012-12-31 | ₩825.25 Billion | -74.34% |
| 2011-12-31 | ₩3.22 Trillion | +27.12% |
| 2010-12-31 | ₩2.53 Trillion | +19.73% |
| 2009-12-31 | ₩2.11 Trillion | +19.55% |
| 2008-12-31 | ₩1.77 Trillion | +3.42% |
| 2007-12-31 | ₩1.71 Trillion | +9.47% |
| 2006-12-31 | ₩1.56 Trillion | +10.19% |
| 2005-12-31 | ₩1.42 Trillion | +14.26% |
| 2004-12-31 | ₩1.24 Trillion | +12.03% |
| 2003-12-31 | ₩1.11 Trillion | +8.78% |
| 2002-12-31 | ₩1.02 Trillion | +4.02% |
| 2001-12-31 | ₩978.38 Billion | +1.60% |
| 2000-12-31 | ₩962.98 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hankook Tire Worldwide'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 234895955400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩2.35 Trillion | 52.75% |
| Common Stock | ₩47.47 Billion | 1.07% |
| Other Comprehensive Income | ₩660.52 Billion | 14.83% |
| Other Components | ₩1.40 Trillion | 31.35% |
| Total Equity | ₩4.45 Trillion | 100.00% |
Hankook Tire Worldwide Competitors by Market Cap
The table below lists competitors of Hankook Tire Worldwide ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Bio-Sincerity Pharma-Tech Co.Ltd.
SHE:301096
|
$396.41 Million |
|
PAX Global Technology Limited
PINK:PXGYF
|
$396.58 Million |
|
Hangzhou AGS MedTech Co. Ltd. A
SHG:688581
|
$396.65 Million |
|
Shenzhen Jame Technology Corp Ltd
SHE:300868
|
$396.66 Million |
|
iHeartMedia Inc Class A
NASDAQ:IHRT
|
$396.33 Million |
|
HarborOne Bancorp Inc
NASDAQ:HONE
|
$396.28 Million |
|
Vina Concha To
SN:CONCHATORO
|
$396.28 Million |
|
Vanjee Technology Co Ltd
SHE:300552
|
$396.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hankook Tire Worldwide's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,016,691,459,000 to 4,452,873,418,000, a change of 436,181,959,000 (10.9%).
- Net income of 350,713,050,000 contributed positively to equity growth.
- Dividend payments of 86,192,494,000 reduced retained earnings.
- Other comprehensive income decreased equity by 321,471,344,000.
- Other factors increased equity by 493,132,747,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩350.71 Billion | +7.88% |
| Dividends Paid | ₩86.19 Billion | -1.94% |
| Other Comprehensive Income | ₩-321.47 Billion | -7.22% |
| Other Changes | ₩493.13 Billion | +11.07% |
| Total Change | ₩- | 10.86% |
Book Value vs Market Value Analysis
This analysis compares Hankook Tire Worldwide'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: 0.59x
- 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 2.45x to 0.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | ₩11263.23 | ₩27600.00 | x |
| 2008-12-31 | ₩11451.01 | ₩27600.00 | x |
| 2009-12-31 | ₩13774.99 | ₩27600.00 | x |
| 2010-12-31 | ₩16395.87 | ₩27600.00 | x |
| 2011-12-31 | ₩22080.66 | ₩27600.00 | x |
| 2012-12-31 | ₩7776.95 | ₩27600.00 | x |
| 2013-12-31 | ₩38675.30 | ₩27600.00 | x |
| 2014-12-31 | ₩26341.64 | ₩27600.00 | x |
| 2015-12-31 | ₩27984.38 | ₩27600.00 | x |
| 2016-12-31 | ₩30570.96 | ₩27600.00 | x |
| 2017-12-31 | ₩31854.70 | ₩27600.00 | x |
| 2018-12-31 | ₩34345.55 | ₩27600.00 | x |
| 2019-12-31 | ₩35948.64 | ₩27600.00 | x |
| 2020-12-31 | ₩36963.17 | ₩27600.00 | x |
| 2021-12-31 | ₩39686.68 | ₩27600.00 | x |
| 2022-12-31 | ₩40622.34 | ₩27600.00 | x |
| 2023-12-31 | ₩42376.87 | ₩27600.00 | x |
| 2024-12-31 | ₩47011.90 | ₩27600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hankook Tire Worldwide 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): 7.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.21%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.15x
- Recent ROE (7.88%) is below the historical average (23.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 2.59% | 1.49% | 0.63x | 2.77x | ₩-67.79 Billion |
| 2001 | 3.18% | 1.65% | 0.71x | 2.71x | ₩-64.14 Billion |
| 2002 | 7.45% | 3.66% | 0.82x | 2.49x | ₩-25.09 Billion |
| 2003 | 9.23% | 4.40% | 0.84x | 2.49x | ₩-8.30 Billion |
| 2004 | 14.86% | 6.87% | 0.93x | 2.32x | ₩58.85 Billion |
| 2005 | 15.48% | 7.32% | 1.00x | 2.12x | ₩75.86 Billion |
| 2006 | 10.82% | 5.21% | 0.96x | 2.16x | ₩12.57 Billion |
| 2007 | 9.32% | 4.34% | 0.87x | 2.47x | ₩-11.31 Billion |
| 2008 | -1.20% | -0.45% | 0.83x | 3.19x | ₩-188.60 Billion |
| 2009 | 17.11% | 6.65% | 1.03x | 2.50x | ₩142.20 Billion |
| 2010 | 18.39% | 7.53% | 1.01x | 2.42x | ₩199.83 Billion |
| 2011 | 11.10% | 5.48% | 0.87x | 2.32x | ₩35.13 Billion |
| 2012 | 397.17% | 14838.79% | 0.02x | 1.18x | ₩3.20 Trillion |
| 2013 | 7.05% | 242.35% | 0.03x | 1.04x | ₩-66.98 Billion |
| 2014 | 7.61% | 259.80% | 0.03x | 1.04x | ₩-57.68 Billion |
| 2015 | 6.73% | 240.92% | 0.03x | 1.04x | ₩-83.96 Billion |
| 2016 | 9.33% | 52.58% | 0.16x | 1.10x | ₩-18.81 Billion |
| 2017 | 5.80% | 23.95% | 0.22x | 1.11x | ₩-122.56 Billion |
| 2018 | 6.57% | 24.42% | 0.24x | 1.11x | ₩-107.87 Billion |
| 2019 | 4.81% | 18.72% | 0.23x | 1.09x | ₩-170.98 Billion |
| 2020 | 4.00% | 16.52% | 0.22x | 1.12x | ₩-203.32 Billion |
| 2021 | 5.28% | 20.47% | 0.24x | 1.09x | ₩-176.40 Billion |
| 2022 | 4.31% | 15.15% | 0.25x | 1.12x | ₩-219.62 Billion |
| 2023 | 4.66% | 17.18% | 0.23x | 1.16x | ₩-214.43 Billion |
| 2024 | 7.88% | 25.21% | 0.27x | 1.15x | ₩-94.57 Billion |
Industry Comparison
This section compares Hankook Tire Worldwide's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $433,155,375,363
- Average return on equity (ROE) among peers: 4.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hankook Tire Worldwide (000240) | ₩4.59 Trillion | 2.59% | 0.10x | $396.36 Million |
| Daewonkangup (000430) | $681.01 Billion | 3.47% | 0.91x | $58.90 Million |
| SG Choongbang Co Ltd (001380) | $72.23 Billion | 0.00% | 3.67x | $17.57 Million |
| Tae Won Mulsan (001420) | $31.62 Billion | -0.08% | 0.21x | $5.95 Million |
| Dongkook Ind (001620) | $176.38 Billion | -1.18% | 2.17x | $25.81 Million |
| PS Tec. Co. Ltd (002230) | $143.19 Billion | 1.77% | 0.18x | $42.76 Million |
| Nexen Tire (002350) | $565.04 Billion | 14.52% | 2.37x | $178.57 Million |
| Nexen Tire Prf 1 (002355) | $1.87 Trillion | 6.75% | 1.44x | $108.70 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $12.97 Million |
| Yoo Sung Ent (002920) | $305.11 Billion | 2.62% | 0.34x | $17.52 Million |