Gaon Cable
GAON CABLE Co., Ltd., a cable company, provides industrial power cables in South Korea. The company offers power cables, including extra-high voltage cables, such as XLPE insulation cables; overhead lines comprising overhead transmission lines, optical fiber composite overhead ground wire, overhead distribution lines, and trolley wires/messenger wires; MV/LV cables consisting of MV/LV power cable… Read more
Gaon Cable (000500) - Net Assets
Latest net assets as of September 2025: ₩468.83 Billion KRW
Based on the latest financial reports, Gaon Cable (000500) has net assets worth ₩468.83 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 (₩1.26 Trillion) and total liabilities (₩791.47 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 | ₩468.83 Billion |
| % of Total Assets | 37.2% |
| Annual Growth Rate | 4.37% |
| 5-Year Change | 72.14% |
| 10-Year Change | 72.79% |
| Growth Volatility | 10.21 |
Gaon Cable - Net Assets Trend (2011–2024)
This chart illustrates how Gaon Cable's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gaon Cable (2011–2024)
The table below shows the annual net assets of Gaon Cable from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩453.71 Billion | +37.07% |
| 2023-12-31 | ₩331.01 Billion | +9.22% |
| 2022-12-31 | ₩303.07 Billion | +13.04% |
| 2021-12-31 | ₩268.12 Billion | +1.73% |
| 2020-12-31 | ₩263.56 Billion | +2.66% |
| 2019-12-31 | ₩256.73 Billion | -1.41% |
| 2018-12-31 | ₩260.41 Billion | +0.11% |
| 2017-12-31 | ₩260.11 Billion | -1.69% |
| 2016-12-31 | ₩264.57 Billion | +0.76% |
| 2015-12-31 | ₩262.58 Billion | -0.38% |
| 2014-12-31 | ₩263.58 Billion | -2.35% |
| 2013-12-31 | ₩269.91 Billion | +1.98% |
| 2012-12-31 | ₩264.68 Billion | +1.79% |
| 2011-12-31 | ₩260.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gaon Cable'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 27908914500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩279.09 Billion | 61.51% |
| Other Components | ₩174.62 Billion | 38.49% |
| Total Equity | ₩453.71 Billion | 100.00% |
Gaon Cable Competitors by Market Cap
The table below lists competitors of Gaon Cable ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cubic Sensor and Instrument Co Ltd
SHG:688665
|
$201.40 Million |
|
FM MATTSSON MORA GR.B
F:1FS0
|
$201.43 Million |
|
Live Oak Acquisition Corp. V Class A Ordinary Shares
NASDAQ:LOKV
|
$201.43 Million |
|
Endomines Finland Oyj
HE:PAMPALO
|
$201.49 Million |
|
Aedas Homes SL
MC:AEDAS
|
$201.35 Million |
|
Zhejiang Qianjiang Biochemical Co Ltd
SHG:600796
|
$201.33 Million |
|
Abaxx Technologies Inc
OTCQX:ABXXF
|
$201.28 Million |
|
Aldeyra The
NASDAQ:ALDX
|
$201.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gaon Cable's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 331,011,443,000 to 453,705,043,000, a change of 122,693,600,000 (37.1%).
- Net income of 25,355,195,000 contributed positively to equity growth.
- New share issuances of 11,351,003,000 increased equity.
- Other factors increased equity by 85,987,402,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩25.36 Billion | +5.59% |
| Share Issuances | ₩11.35 Billion | +2.5% |
| Other Changes | ₩85.99 Billion | +18.95% |
| Total Change | ₩- | 37.07% |
Book Value vs Market Value Analysis
This analysis compares Gaon Cable'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: 2.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.47x to 2.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩65928.87 | ₩97000.00 | x |
| 2018-12-31 | ₩65999.63 | ₩97000.00 | x |
| 2019-12-31 | ₩65307.81 | ₩97000.00 | x |
| 2020-12-31 | ₩67046.28 | ₩97000.00 | x |
| 2021-12-31 | ₩68204.51 | ₩97000.00 | x |
| 2022-12-31 | ₩49443.55 | ₩97000.00 | x |
| 2023-12-31 | ₩46433.97 | ₩97000.00 | x |
| 2024-12-31 | ₩46022.28 | ₩97000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gaon Cable 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): 5.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.47%
- • Asset Turnover: 1.66x
- • Equity Multiplier: 2.30x
- Recent ROE (5.59%) is above the historical average (2.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.72% | 0.45% | 1.95x | 1.95x | ₩-21.94 Billion |
| 2013 | 3.24% | 0.97% | 1.66x | 2.00x | ₩-18.22 Billion |
| 2014 | -0.13% | -0.04% | 1.74x | 1.95x | ₩-26.62 Billion |
| 2015 | 0.77% | 0.26% | 1.50x | 1.99x | ₩-24.14 Billion |
| 2016 | 1.45% | 0.51% | 1.44x | 1.97x | ₩-22.51 Billion |
| 2017 | 0.54% | 0.17% | 1.55x | 2.08x | ₩-24.49 Billion |
| 2018 | 0.04% | 0.01% | 1.60x | 2.03x | ₩-25.82 Billion |
| 2019 | 2.13% | 0.66% | 1.62x | 2.00x | ₩-20.21 Billion |
| 2020 | 3.61% | 1.11% | 1.58x | 2.06x | ₩-16.85 Billion |
| 2021 | 2.18% | 0.55% | 1.62x | 2.46x | ₩-20.96 Billion |
| 2022 | 3.45% | 0.74% | 1.88x | 2.48x | ₩-19.84 Billion |
| 2023 | 5.41% | 1.19% | 1.87x | 2.42x | ₩-15.20 Billion |
| 2024 | 5.59% | 1.47% | 1.66x | 2.30x | ₩-20.02 Billion |
Industry Comparison
This section compares Gaon Cable's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $150,980,627,271
- Average return on equity (ROE) among peers: -14.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gaon Cable (000500) | ₩468.83 Billion | 1.72% | 1.69x | $201.36 Million |
| Huneed Tech (005870) | $161.58 Billion | 11.06% | 0.85x | $36.92 Million |
| Taihan Fiber Optics Co. Ltd (010170) | $40.83 Billion | -137.26% | 4.14x | $166.79 Million |
| Comtec Sys (031820) | $233.58 Billion | 7.99% | 1.65x | $46.21 Million |
| KMW Inc. (032500) | $174.87 Billion | -37.34% | 0.58x | $485.31 Million |
| Insung Information Co. Ltd (033230) | $74.15 Billion | 1.58% | 2.14x | $41.36 Million |
| Bluecom Co. Ltd (033560) | $159.95 Billion | 1.49% | 0.26x | $16.95 Million |
| Kisan Telecom Co. Ltd (035460) | $38.51 Billion | 6.45% | 1.03x | $16.80 Million |
| Samji Electronics Co. Ltd (037460) | $411.35 Billion | 14.96% | 1.92x | $114.52 Million |
| Snet systems Inc (038680) | $64.02 Billion | 2.22% | 0.44x | $28.46 Million |