Daedong Ind (000490) - Net Assets
Based on the latest financial reports, Daedong Ind (000490) has net assets worth ₩680.59 Billion KRW (≈ $461.23 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩2.25 Trillion ≈ $1.53 Billion USD) and total liabilities (₩1.57 Trillion ≈ $1.06 Billion 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 000490 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩680.59 Billion |
| % of Total Assets | 30.23% |
| Annual Growth Rate | 6.08% |
| 5-Year Change | 83.13% |
| 10-Year Change | 157.9% |
| Growth Volatility | 17.3 |
Daedong Ind - Net Assets Trend (2000–2024)
This chart illustrates how Daedong Ind's net assets have evolved over time, based on quarterly financial data. Also explore 000490 total assets for the complete picture of this company's asset base.
Annual Net Assets for Daedong Ind (2000–2024)
The table below shows the annual net assets of Daedong Ind from 2000 to 2024. For live valuation and market cap data, see market value of Daedong Ind.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩601.22 Billion ≈ $407.44 Million |
+4.19% |
| 2023-12-31 | ₩577.06 Billion ≈ $391.07 Million |
+22.26% |
| 2022-12-31 | ₩471.99 Billion ≈ $319.86 Million |
+22.31% |
| 2021-12-31 | ₩385.90 Billion ≈ $261.52 Million |
+17.55% |
| 2020-12-31 | ₩328.30 Billion ≈ $222.48 Million |
+48.68% |
| 2019-12-31 | ₩220.81 Billion ≈ $149.64 Million |
+1.52% |
| 2018-12-31 | ₩217.50 Billion ≈ $147.40 Million |
-0.64% |
| 2017-12-31 | ₩218.90 Billion ≈ $148.34 Million |
+1.74% |
| 2016-12-31 | ₩215.15 Billion ≈ $145.80 Million |
-7.71% |
| 2015-12-31 | ₩233.12 Billion ≈ $157.98 Million |
+1.18% |
| 2014-12-31 | ₩230.40 Billion ≈ $156.14 Million |
+1.97% |
| 2013-12-31 | ₩225.94 Billion ≈ $153.12 Million |
-1.94% |
| 2012-12-31 | ₩230.40 Billion ≈ $156.14 Million |
-1.93% |
| 2011-12-31 | ₩234.92 Billion ≈ $159.21 Million |
+67.39% |
| 2010-12-31 | ₩140.35 Billion ≈ $95.11 Million |
+0.09% |
| 2009-12-31 | ₩140.22 Billion ≈ $95.02 Million |
+1.28% |
| 2008-12-31 | ₩138.44 Billion ≈ $93.82 Million |
-7.62% |
| 2007-12-31 | ₩149.85 Billion ≈ $101.55 Million |
-4.14% |
| 2006-12-31 | ₩156.33 Billion ≈ $105.95 Million |
-0.25% |
| 2005-12-31 | ₩156.72 Billion ≈ $106.21 Million |
+0.92% |
| 2004-12-31 | ₩155.28 Billion ≈ $105.23 Million |
-1.41% |
| 2003-12-31 | ₩157.50 Billion ≈ $106.74 Million |
-0.79% |
| 2002-12-31 | ₩158.76 Billion ≈ $107.59 Million |
+2.42% |
| 2001-12-31 | ₩155.00 Billion ≈ $105.04 Million |
+6.24% |
| 2000-12-31 | ₩145.90 Billion ≈ $98.88 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Daedong Ind'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 25832656757000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩258.33 Billion | 59.84% |
| Other Components | ₩173.40 Billion | 40.16% |
| Total Equity | ₩431.72 Billion | 100.00% |
Daedong Ind Competitors by Market Cap
The table below lists competitors of Daedong Ind ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maschinenfabrik Berthold Hermle AG
F:MBH3
|
$184.13 Million |
|
Namsun Alumini
KO:008350
|
$184.14 Million |
|
PIE Industrial Bhd
KLSE:7095
|
$184.16 Million |
|
Solid FAB
ST:SFAB
|
$184.19 Million |
|
Allgeier SE
XETRA:AEIN
|
$184.03 Million |
|
Smurfit Westrock Plc
LSE:SWR
|
$184.02 Million |
|
Formosa Optical Technology Co Ltd
TWO:5312
|
$183.92 Million |
|
CoreCard Corp
NYSE:CCRD
|
$183.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daedong Ind's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 453,878,420,290 to 431,724,092,270, a change of -22,154,328,020 (-4.9%).
- Net loss of 30,721,182,360 reduced equity.
- Dividend payments of 2,623,773,970 reduced retained earnings.
- Other factors increased equity by 11,190,628,310.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-30.72 Billion | -7.12% |
| Dividends Paid | ₩2.62 Billion | -0.61% |
| Other Changes | ₩11.19 Billion | +2.59% |
| Total Change | ₩- | -4.88% |
Book Value vs Market Value Analysis
This analysis compares Daedong Ind'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: 0.55x
- 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 0.98x to 0.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩10292.30 | ₩10130.00 | x |
| 2018-12-31 | ₩10224.05 | ₩10130.00 | x |
| 2019-12-31 | ₩10323.80 | ₩10130.00 | x |
| 2020-12-31 | ₩15225.97 | ₩10130.00 | x |
| 2021-12-31 | ₩16952.86 | ₩10130.00 | x |
| 2022-12-31 | ₩15973.42 | ₩10130.00 | x |
| 2023-12-31 | ₩19546.42 | ₩10130.00 | x |
| 2024-12-31 | ₩18317.70 | ₩10130.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daedong Ind 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): -7.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.17%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 4.94x
- Recent ROE (-7.12%) is below the historical average (2.27%), 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 | 4.91% | 2.24% | 1.14x | 1.92x | ₩-7.35 Billion |
| 2001 | 2.36% | 1.30% | 1.01x | 1.80x | ₩-11.74 Billion |
| 2003 | 1.86% | 1.08% | 0.96x | 1.79x | ₩-12.71 Billion |
| 2004 | 2.76% | 1.23% | 1.17x | 1.91x | ₩-11.14 Billion |
| 2005 | 3.24% | 1.25% | 1.25x | 2.07x | ₩-10.49 Billion |
| 2006 | 1.21% | 0.47% | 1.15x | 2.23x | ₩-13.60 Billion |
| 2009 | 2.71% | 0.73% | 1.36x | 2.73x | ₩-10.11 Billion |
| 2010 | 0.93% | 0.25% | 1.39x | 2.73x | ₩-12.58 Billion |
| 2011 | 2.58% | 0.96% | 1.09x | 2.47x | ₩-17.06 Billion |
| 2013 | -0.49% | -0.18% | 1.06x | 2.62x | ₩-23.15 Billion |
| 2014 | 2.18% | 0.81% | 0.85x | 3.14x | ₩-17.60 Billion |
| 2015 | 1.46% | 0.57% | 0.85x | 3.02x | ₩-19.44 Billion |
| 2016 | -8.53% | -3.06% | 0.88x | 3.18x | ₩-38.92 Billion |
| 2017 | 4.51% | 1.58% | 0.84x | 3.42x | ₩-11.72 Billion |
| 2018 | 0.58% | 0.19% | 0.85x | 3.65x | ₩-19.96 Billion |
| 2019 | 1.45% | 0.37% | 1.02x | 3.82x | ₩-18.29 Billion |
| 2020 | 6.47% | 2.28% | 0.95x | 2.97x | ₩-11.14 Billion |
| 2021 | 9.55% | 2.85% | 0.94x | 3.59x | ₩-1.59 Billion |
| 2022 | 11.21% | 2.64% | 0.85x | 4.97x | ₩4.18 Billion |
| 2023 | 3.88% | 1.23% | 0.73x | 4.31x | ₩-27.79 Billion |
| 2024 | -7.12% | -2.17% | 0.66x | 4.94x | ₩-73.89 Billion |
Industry Comparison
This section compares Daedong Ind's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $1,142,165,059,530
- Average return on equity (ROE) among peers: -108.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daedong Ind (000490) | ₩680.59 Billion | 4.91% | 2.31x | $184.13 Million |
| TYM Corporation (002900) | $132.65 Billion | 2.78% | 1.68x | $207.74 Million |
| Soosan Heavy I (017550) | $103.65 Billion | 3.89% | 1.28x | $131.51 Million |
| JINSUNG T.E.C. Inc (036890) | $297.53 Billion | 10.97% | 0.73x | $241.08 Million |
| Hyundai Everdigm Corp (041440) | $178.93 Billion | 5.99% | 0.63x | $111.24 Million |
| Hyundai Doosan Infracore Co Ltd (042670) | $600.26 Billion | 11.98% | 3.51x | $1.77 Billion |
| ENPlus Co Ltd (074610) | $7.46 Billion | -1037.94% | 12.44x | $25.41 Million |
| DY Power Corp (210540) | $293.43 Billion | 7.47% | 0.20x | $115.55 Million |
| Doosan Bobcat Inc (241560) | $6.89 Trillion | 8.17% | 0.74x | $4.67 Billion |
| Hyundai Construction Equipment Co Ltd (267270) | $1.77 Trillion | 7.87% | 0.86x | $5.98 Billion |
About Daedong Ind
Daedong Corporation provides agricultural machinery in South Korea. The company's products include tractors, zero turn mowers, utility vehicles, and engine parts. It also exports its products. Daedong Corporation was founded in 1947 and is based in Daegu, South Korea.