Heungkuk F&M I
Heungkuk Fire&Marine Insurance Co., Ltd. engages in non-life insurance business. The company offers medical/health, children's, driver/accident, pension/savings, fire/property, car, and travel insurance products; and marine and special insurance, as well as long-term damage such as disease, injury, and property damage. It also provides loan products; and engages in reinsurance business. The compa… Read more
Heungkuk F&M I (000540) - Net Assets
Latest net assets as of September 2025: ₩880.23 Billion KRW
Based on the latest financial reports, Heungkuk F&M I (000540) has net assets worth ₩880.23 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 (₩13.12 Trillion) and total liabilities (₩12.24 Trillion). 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 | ₩880.23 Billion |
| % of Total Assets | 6.71% |
| Annual Growth Rate | 11.75% |
| 5-Year Change | 6.75% |
| 10-Year Change | 74.8% |
| Growth Volatility | 214.71 |
Heungkuk F&M I - Net Assets Trend (2003–2024)
This chart illustrates how Heungkuk F&M I's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Heungkuk F&M I (2003–2024)
The table below shows the annual net assets of Heungkuk F&M I from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩772.66 Billion | -43.54% |
| 2023-12-31 | ₩1.37 Trillion | -47.22% |
| 2022-12-31 | ₩2.59 Trillion | +275.41% |
| 2021-12-31 | ₩690.65 Billion | -4.58% |
| 2020-12-31 | ₩723.77 Billion | +1.66% |
| 2019-12-31 | ₩711.96 Billion | +4.39% |
| 2018-12-31 | ₩682.03 Billion | +8.37% |
| 2017-12-31 | ₩629.34 Billion | +13.96% |
| 2016-12-31 | ₩552.26 Billion | +24.94% |
| 2015-12-31 | ₩442.02 Billion | +10.07% |
| 2014-12-31 | ₩401.58 Billion | +38.12% |
| 2013-12-31 | ₩290.75 Billion | -21.35% |
| 2012-12-31 | ₩369.69 Billion | +75.76% |
| 2011-12-31 | ₩210.34 Billion | +87.56% |
| 2010-12-31 | ₩112.14 Billion | -20.04% |
| 2009-12-31 | ₩140.25 Billion | +2.45% |
| 2008-12-31 | ₩136.89 Billion | +972.04% |
| 2007-12-31 | ₩12.77 Billion | -86.72% |
| 2006-12-31 | ₩96.12 Billion | -20.59% |
| 2005-12-31 | ₩121.05 Billion | +50.02% |
| 2004-12-31 | ₩80.68 Billion | +7.58% |
| 2003-12-31 | ₩75.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heungkuk F&M I'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 56848600000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩568.49 Billion | 73.58% |
| Other Components | ₩204.17 Billion | 26.42% |
| Total Equity | ₩772.66 Billion | 100.00% |
Heungkuk F&M I Competitors by Market Cap
The table below lists competitors of Heungkuk F&M I ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wave Electronics Co. Ltd
KQ:095270
|
$40.96 Million |
|
Uniquest
KO:077500
|
$40.97 Million |
|
Senstar Technologies Ltd
NASDAQ:SNT
|
$40.97 Million |
|
Goodness Growth Holdings Inc
OTCQX:GDNSF
|
$40.98 Million |
|
SIFCO Industries Inc
NYSE MKT:SIF
|
$40.95 Million |
|
Petra Diamonds Limited
PINK:PDLMF
|
$40.95 Million |
|
Chunghwa Chemical Synthesis & Biotech Co Ltd
TW:1762
|
$40.94 Million |
|
Hester Biosciences Limited
NSE:HESTERBIO
|
$40.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heungkuk F&M I's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,368,531,000,000 to 772,659,000,000, a change of -595,872,000,000 (-43.5%).
- Net income of 106,722,000,000 contributed positively to equity growth.
- Dividend payments of 12,902,000,000 reduced retained earnings.
- Other factors decreased equity by 689,692,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩106.72 Billion | +13.81% |
| Dividends Paid | ₩12.90 Billion | -1.67% |
| Other Changes | ₩-689.69 Billion | -89.26% |
| Total Change | ₩- | -43.54% |
Book Value vs Market Value Analysis
This analysis compares Heungkuk F&M I'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: 0.40x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩9796.23 | ₩4755.00 | x |
| 2018-12-31 | ₩10616.53 | ₩4755.00 | x |
| 2019-12-31 | ₩11082.37 | ₩4755.00 | x |
| 2020-12-31 | ₩11266.18 | ₩4755.00 | x |
| 2021-12-31 | ₩10750.62 | ₩4755.00 | x |
| 2022-12-31 | ₩40359.22 | ₩4755.00 | x |
| 2023-12-31 | ₩21302.53 | ₩4755.00 | x |
| 2024-12-31 | ₩12027.20 | ₩4755.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heungkuk F&M I 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): 13.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.88%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 16.69x
- Recent ROE (13.81%) is above the historical average (11.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 6.98% | 1.04% | 0.54x | 12.35x | ₩-2.44 Billion |
| 2011 | 26.83% | 2.27% | 0.54x | 21.93x | ₩35.41 Billion |
| 2012 | 19.90% | 2.61% | 0.48x | 15.89x | ₩36.60 Billion |
| 2013 | 19.65% | 2.68% | 0.32x | 22.63x | ₩28.06 Billion |
| 2014 | 8.62% | 1.22% | 0.37x | 19.42x | ₩-5.48 Billion |
| 2015 | 4.50% | 0.64% | 0.34x | 20.55x | ₩-24.06 Billion |
| 2016 | 5.70% | 0.74% | 0.41x | 18.50x | ₩-23.72 Billion |
| 2017 | 13.55% | 2.08% | 0.37x | 17.72x | ₩22.36 Billion |
| 2018 | 7.40% | 1.24% | 0.34x | 17.50x | ₩-17.76 Billion |
| 2019 | 5.40% | 0.92% | 0.33x | 17.77x | ₩-32.76 Billion |
| 2020 | 3.14% | 0.78% | 0.22x | 18.25x | ₩-49.67 Billion |
| 2021 | 8.98% | 2.15% | 0.21x | 19.93x | ₩-7.02 Billion |
| 2022 | 7.99% | 8.12% | 0.21x | 4.78x | ₩-52.04 Billion |
| 2023 | 21.60% | 10.33% | 0.24x | 8.79x | ₩158.69 Billion |
| 2024 | 13.81% | 3.88% | 0.21x | 16.69x | ₩29.46 Billion |
Industry Comparison
This section compares Heungkuk F&M I's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $4,530,880,117,127
- Average return on equity (ROE) among peers: 14.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heungkuk F&M I (000540) | ₩880.23 Billion | 6.98% | 13.90x | $40.96 Million |
| Hanwha General (000370) | $2.95 Trillion | 11.62% | 5.72x | $254.60 Million |
| Lotte Non-Life (000400) | $501.39 Billion | 5.79% | 21.13x | $70.04 Million |
| Heungkuk Fire & Marine Insurance Co Ltd (000545) | $629.34 Billion | 13.55% | 16.72x | $59.09 Million |
| Samsung Fire & Marine Insurance (000810) | $9.54 Trillion | 8.23% | 5.10x | $11.53 Billion |
| Samsung Fire And Marine Ins Pref (000815) | $7.89 Trillion | 6.49% | 5.27x | $9.48 Billion |
| Hyundai Mar&Fi (001450) | $4.74 Trillion | 17.93% | 9.23x | $1.19 Billion |
| DB Insurance Co Ltd (005830) | $5.46 Trillion | 37.24% | 10.81x | $5.53 Billion |