Gaon Cable (000500) - Net Assets

Latest as of September 2025: ₩468.83 Billion KRW ≈ $317.72 Million USD

Based on the latest financial reports, Gaon Cable (000500) has net assets worth ₩468.83 Billion KRW (≈ $317.72 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 (₩1.26 Trillion ≈ $854.08 Million USD) and total liabilities (₩791.47 Billion ≈ $536.36 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 000500 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

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. See Gaon Cable (000500) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Gaon Cable (2011–2024)

The table below shows the annual net assets of Gaon Cable from 2011 to 2024. For live valuation and market cap data, see Gaon Cable (000500) market capitalisation.

Year	Net Assets	Change
2024-12-31	₩453.71 Billion ≈ $307.47 Million	+37.07%
2023-12-31	₩331.01 Billion ≈ $224.32 Million	+9.22%
2022-12-31	₩303.07 Billion ≈ $205.39 Million	+13.04%
2021-12-31	₩268.12 Billion ≈ $181.70 Million	+1.73%
2020-12-31	₩263.56 Billion ≈ $178.61 Million	+2.66%
2019-12-31	₩256.73 Billion ≈ $173.98 Million	-1.41%
2018-12-31	₩260.41 Billion ≈ $176.47 Million	+0.11%
2017-12-31	₩260.11 Billion ≈ $176.28 Million	-1.69%
2016-12-31	₩264.57 Billion ≈ $179.30 Million	+0.76%
2015-12-31	₩262.58 Billion ≈ $177.95 Million	-0.38%
2014-12-31	₩263.58 Billion ≈ $178.63 Million	-2.35%
2013-12-31	₩269.91 Billion ≈ $182.92 Million	+1.98%
2012-12-31	₩264.68 Billion ≈ $179.37 Million	+1.79%
2011-12-31	₩260.02 Billion ≈ $176.22 Million	--

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
Northland Power Inc. TO:NPI	$4.32 Billion
COWAY Co. Ltd KO:021240	$4.32 Billion
Texas Capital Bancshares, Inc. NASDAQ:TCBI	$4.33 Billion
Hangzhou Tigermed Consulting SHE:300347	$4.33 Billion
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. F:G7A	$4.32 Billion
Shan XI Hua Yang Group New Energy Co Ltd SHG:600348	$4.32 Billion
Bluestar Adisseo Co SHG:600299	$4.32 Billion
Silicon Motion Technology NASDAQ:SIMO	$4.32 Billion

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: 8.38x
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 increased from 5.85x to 8.38x 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	₩385500.00	x
2018-12-31	₩65999.63	₩385500.00	x
2019-12-31	₩65307.81	₩385500.00	x
2020-12-31	₩67046.28	₩385500.00	x
2021-12-31	₩68204.51	₩385500.00	x
2022-12-31	₩49443.55	₩385500.00	x
2023-12-31	₩46433.97	₩385500.00	x
2024-12-31	₩46022.28	₩385500.00	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: $136,452,745,767
Average return on equity (ROE) among peers: 0.68%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gaon Cable (000500)	₩468.83 Billion	1.72%	1.69x	$4.32 Billion
Huneed Tech (005870)	$162.81 Billion	-6.13%	0.91x	$47.82 Million
Taihan Fiber Optics Co. Ltd (010170)	$152.54 Billion	-17.96%	0.76x	$1.65 Billion
Humax Holdings Co. Ltd (028080)	$318.42 Billion	4.63%	0.20x	$9.10 Million
Comtec Sys (031820)	$46.31 Billion	6.45%	1.38x	$470.88 Million
KMW Inc. (032500)	$101.87 Billion	-13.03%	1.90x	$672.35 Million
Insung Information Co. Ltd (033230)	$43.24 Billion	2.63%	0.96x	$41.56 Million
Bluecom Co. Ltd (033560)	$160.04 Billion	19.37%	0.16x	$38.79 Million
Kisan Telecom Co. Ltd (035460)	$55.26 Billion	3.02%	0.59x	$26.03 Million
Samji Electronics Co. Ltd (037460)	$187.58 Billion	7.15%	2.03x	$412.85 Million

About Gaon Cable

KO:000500 Korea Communication Equipment

Market Cap

$4.32 Billion

₩6.38 Trillion KRW

Market Cap Rank

#3991 Global

#98 in Korea

Share Price

₩385500.00

Change (1 day)

+13.05%

52-Week Range

₩53900.00 - ₩564000.00

All Time High

₩564000.00