Ls Networks
LS Networks Corporation Limited engages in the consumer brand and retail, trading, and asset management businesses in South Korea and internationally. The company offers walking products under the PROSPECS name. It trades in raw materials/equipment, machinery/plants, telecommunication/power solutions, and new and renewable energy, as well as steel products. In addition, the company offers wood pe… Read more
Ls Networks (000680) - Net Assets
Latest net assets as of September 2025: ₩937.76 Billion KRW
Based on the latest financial reports, Ls Networks (000680) has net assets worth ₩937.76 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 (₩10.50 Trillion) and total liabilities (₩9.56 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 | ₩937.76 Billion |
| % of Total Assets | 8.93% |
| Annual Growth Rate | 4.66% |
| 5-Year Change | 88.73% |
| 10-Year Change | 34.93% |
| Growth Volatility | 28.09 |
Ls Networks - Net Assets Trend (2007–2024)
This chart illustrates how Ls Networks's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ls Networks (2007–2024)
The table below shows the annual net assets of Ls Networks from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩930.83 Billion | +65.04% |
| 2023-12-31 | ₩564.01 Billion | +2.20% |
| 2022-12-31 | ₩551.88 Billion | -0.32% |
| 2021-12-31 | ₩553.63 Billion | +12.25% |
| 2020-12-31 | ₩493.21 Billion | -5.04% |
| 2019-12-31 | ₩519.41 Billion | -18.61% |
| 2018-12-31 | ₩638.15 Billion | +2.46% |
| 2017-12-31 | ₩622.85 Billion | +3.30% |
| 2016-12-31 | ₩602.93 Billion | -12.60% |
| 2015-12-31 | ₩689.89 Billion | -10.33% |
| 2014-12-31 | ₩769.35 Billion | +1.22% |
| 2013-12-31 | ₩760.11 Billion | -5.13% |
| 2012-12-31 | ₩801.21 Billion | +1.11% |
| 2011-12-31 | ₩792.39 Billion | -5.59% |
| 2010-12-31 | ₩839.35 Billion | -3.70% |
| 2009-12-31 | ₩871.60 Billion | +96.00% |
| 2008-12-31 | ₩444.69 Billion | +3.58% |
| 2007-12-31 | ₩429.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ls Networks'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 19745978748000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩197.46 Billion | 36.17% |
| Other Components | ₩348.49 Billion | 63.83% |
| Total Equity | ₩545.95 Billion | 100.00% |
Ls Networks Competitors by Market Cap
The table below lists competitors of Ls Networks ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Garanti Faktoring AS
IS:GARFA
|
$31.73 Million |
|
Kinatico Ltd
AU:KYP
|
$31.73 Million |
|
Silkeborg IF Invest A/S
CO:SIF
|
$31.74 Million |
|
Ballarpur Industries Limited
NSE:BALLARPUR
|
$31.74 Million |
|
My Humble House Hospitality Management Consulting Co Ltd
TW:2739
|
$31.71 Million |
|
EDU Holdings Ltd
AU:EDU
|
$31.69 Million |
|
CIB Marine Bancshares Inc
OTCQX:CIBH
|
$31.69 Million |
|
Advance Materials Corporation
TWO:3585
|
$31.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ls Networks's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 564,007,596,860 to 545,945,295,900, a change of -18,062,300,960 (-3.2%).
- Net loss of 43,958,018,740 reduced equity.
- Dividend payments of 10,574,528,700 reduced retained earnings.
- Other factors increased equity by 36,470,246,480.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-43.96 Billion | -8.05% |
| Dividends Paid | ₩10.57 Billion | -1.94% |
| Other Changes | ₩36.47 Billion | +6.68% |
| Total Change | ₩- | -3.20% |
Book Value vs Market Value Analysis
This analysis compares Ls Networks'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: 0.47x
- 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 | ₩8476.13 | ₩3240.00 | x |
| 2018-12-31 | ₩8684.31 | ₩3240.00 | x |
| 2019-12-31 | ₩7068.46 | ₩3240.00 | x |
| 2020-12-31 | ₩6711.88 | ₩3240.00 | x |
| 2021-12-31 | ₩7534.11 | ₩3240.00 | x |
| 2022-12-31 | ₩7510.26 | ₩3240.00 | x |
| 2023-12-31 | ₩7675.35 | ₩3240.00 | x |
| 2024-12-31 | ₩6927.97 | ₩3240.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ls Networks 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): -8.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.27%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 17.59x
- Recent ROE (-8.05%) is below the historical average (-1.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 4.50% | 9.06% | 0.43x | 1.15x | ₩-23.59 Billion |
| 2008 | 5.58% | 12.45% | 0.31x | 1.46x | ₩-19.65 Billion |
| 2009 | 1.68% | 6.60% | 0.18x | 1.42x | ₩-72.51 Billion |
| 2010 | 2.11% | 4.65% | 0.31x | 1.46x | ₩-66.25 Billion |
| 2011 | 1.43% | 2.49% | 0.34x | 1.69x | ₩-67.93 Billion |
| 2012 | 2.35% | 2.88% | 0.47x | 1.75x | ₩-61.28 Billion |
| 2013 | -2.53% | -2.49% | 0.54x | 1.88x | ₩-95.23 Billion |
| 2014 | 0.07% | 0.06% | 0.60x | 2.07x | ₩-76.41 Billion |
| 2015 | -10.98% | -10.36% | 0.48x | 2.21x | ₩-144.74 Billion |
| 2016 | -14.45% | -17.89% | 0.39x | 2.09x | ₩-147.44 Billion |
| 2017 | 3.31% | 4.65% | 0.35x | 2.04x | ₩-41.68 Billion |
| 2018 | 2.55% | 3.66% | 0.35x | 2.00x | ₩-47.52 Billion |
| 2019 | -13.30% | -17.15% | 0.34x | 2.25x | ₩-121.03 Billion |
| 2020 | -5.00% | -7.37% | 0.27x | 2.49x | ₩-73.99 Billion |
| 2021 | 10.85% | 15.39% | 0.30x | 2.37x | ₩4.73 Billion |
| 2022 | -0.43% | -0.66% | 0.28x | 2.36x | ₩-57.58 Billion |
| 2023 | 1.90% | 2.82% | 0.29x | 2.32x | ₩-45.70 Billion |
| 2024 | -8.05% | -2.27% | 0.20x | 17.59x | ₩-98.55 Billion |
Industry Comparison
This section compares Ls Networks's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $857,449,214,767
- Average return on equity (ROE) among peers: -1.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ls Networks (000680) | ₩937.76 Billion | 4.50% | 10.20x | $31.71 Million |
| Monami (005360) | $106.61 Billion | 2.95% | 1.05x | $16.22 Million |
| Hotel Shilla Co Ltd (008775) | $539.78 Billion | -9.29% | 4.44x | $830.51 Million |
| Lotte Himart (071840) | $1.93 Trillion | 1.49% | 0.74x | $43.80 Million |