Daesang Corp Preference Shares (001685) - Net Assets
Based on the latest financial reports, Daesang Corp Preference Shares (001685) has net assets worth ₩1.46 Trillion KRW (≈ $988.10 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 (₩3.50 Trillion ≈ $2.37 Billion USD) and total liabilities (₩2.04 Trillion ≈ $1.39 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 001685 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.46 Trillion |
| % of Total Assets | 41.63% |
| Annual Growth Rate | 6.32% |
| 5-Year Change | 31.41% |
| 10-Year Change | 76.85% |
| Growth Volatility | 3.36 |
Daesang Corp Preference Shares - Net Assets Trend (2014–2024)
This chart illustrates how Daesang Corp Preference Shares's net assets have evolved over time, based on quarterly financial data. Also explore Daesang Corp Preference Shares total assets for the complete picture of this company's asset base.
Annual Net Assets for Daesang Corp Preference Shares (2014–2024)
The table below shows the annual net assets of Daesang Corp Preference Shares from 2014 to 2024. For live valuation and market cap data, see market value of Daesang Corp Preference Shares.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.45 Trillion ≈ $981.02 Million |
+7.73% |
| 2023-12-31 | ₩1.34 Trillion ≈ $910.64 Million |
+1.60% |
| 2022-12-31 | ₩1.32 Trillion ≈ $896.33 Million |
+6.05% |
| 2021-12-31 | ₩1.25 Trillion ≈ $845.22 Million |
+13.22% |
| 2020-12-31 | ₩1.10 Trillion ≈ $746.50 Million |
+7.76% |
| 2019-12-31 | ₩1.02 Trillion ≈ $692.72 Million |
+10.06% |
| 2018-12-31 | ₩928.72 Billion ≈ $629.38 Million |
+5.01% |
| 2017-12-31 | ₩884.44 Billion ≈ $599.37 Million |
+1.98% |
| 2016-12-31 | ₩867.27 Billion ≈ $587.74 Million |
+5.95% |
| 2015-12-31 | ₩818.54 Billion ≈ $554.71 Million |
+4.34% |
| 2014-12-31 | ₩784.48 Billion ≈ $531.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Daesang Corp Preference Shares'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 135.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.10 Trillion | 77.59% |
| Other Components | ₩318.55 Billion | 22.41% |
| Total Equity | ₩1.42 Trillion | 100.00% |
Daesang Corp Preference Shares Competitors by Market Cap
The table below lists competitors of Daesang Corp Preference Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Builders Capital Mortgage Corp
V:BCF
|
$15.68 Million |
|
GOLDSTONE RES LTD. LS-01
F:GVL1
|
$15.71 Million |
|
Dhunseri Tea & Industries Limited
NSE:DTIL
|
$15.72 Million |
|
Ovanti Ltd
AU:OVT
|
$15.73 Million |
|
Imexhs Ltd
AU:IME
|
$15.68 Million |
|
IVP Limited
NSE:IVP
|
$15.67 Million |
|
Citius Pharmaceuticals Inc
NASDAQ:CTXR
|
$15.66 Million |
|
NexturnBioscience Co. Ltd
KQ:089140
|
$15.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daesang Corp Preference Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,321,098,135,700 to 1,421,433,807,100, a change of 100,335,671,400 (7.6%).
- Net income of 95,184,559,840 contributed positively to equity growth.
- Dividend payments of 28,828,300,630 reduced retained earnings.
- Other factors increased equity by 33,979,412,190.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩95.18 Billion | +6.7% |
| Dividends Paid | ₩28.83 Billion | -2.03% |
| Other Changes | ₩33.98 Billion | +2.39% |
| Total Change | ₩- | 7.59% |
Book Value vs Market Value Analysis
This analysis compares Daesang Corp Preference Shares'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: 0.41x
- 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 0.67x to 0.41x 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 | ₩25137.53 | ₩16890.00 | x |
| 2018-12-31 | ₩26410.11 | ₩16890.00 | x |
| 2019-12-31 | ₩28999.08 | ₩16890.00 | x |
| 2020-12-31 | ₩31272.70 | ₩16890.00 | x |
| 2021-12-31 | ₩35410.40 | ₩16890.00 | x |
| 2022-12-31 | ₩37615.79 | ₩16890.00 | x |
| 2023-12-31 | ₩38129.10 | ₩16890.00 | x |
| 2024-12-31 | ₩41024.96 | ₩16890.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daesang Corp Preference Shares 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): 6.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.24%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 2.47x
- Recent ROE (6.70%) is below the historical average (8.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 12.27% | 3.58% | 1.43x | 2.40x | ₩17.15 Billion |
| 2015 | 7.36% | 2.21% | 1.25x | 2.66x | ₩-20.89 Billion |
| 2016 | 7.62% | 2.26% | 1.24x | 2.72x | ₩-20.20 Billion |
| 2017 | 6.05% | 1.78% | 1.32x | 2.59x | ₩-34.36 Billion |
| 2018 | 7.09% | 2.19% | 1.34x | 2.40x | ₩-26.63 Billion |
| 2019 | 10.67% | 3.62% | 1.24x | 2.39x | ₩6.73 Billion |
| 2020 | 11.55% | 4.02% | 1.23x | 2.33x | ₩16.75 Billion |
| 2021 | 11.75% | 4.15% | 1.21x | 2.34x | ₩21.44 Billion |
| 2022 | 6.37% | 2.03% | 1.28x | 2.45x | ₩-47.26 Billion |
| 2023 | 5.08% | 1.63% | 1.23x | 2.52x | ₩-65.03 Billion |
| 2024 | 6.70% | 2.24% | 1.21x | 2.47x | ₩-46.96 Billion |
Industry Comparison
This section compares Daesang Corp Preference Shares's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $547,221,710,908
- Average return on equity (ROE) among peers: 2.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daesang Corp Preference Shares (001685) | ₩1.46 Trillion | 12.27% | 1.40x | $15.68 Million |
| Daehan Flour Mills Co Ltd (001130) | $238.84 Billion | 11.11% | 1.02x | $174.98 Million |
| Daesang Corp (001680) | $1.45 Trillion | 6.58% | 1.42x | $486.05 Million |
| Korea Ind (002140) | $88.76 Billion | 5.76% | 1.06x | $47.32 Million |
| Choheung (002600) | $149.64 Billion | 0.24% | 1.63x | $59.77 Million |
| Sam Yang Foods (003230) | $54.47 Billion | 7.75% | 2.83x | $5.05 Billion |
| Daejoo Inc (003310) | $50.50 Billion | 5.36% | 0.67x | $82.87 Million |
| Harim Holdings Co. Ltd (003380) | $2.10 Trillion | 14.57% | 4.53x | $864.77 Million |
| Hansung Ent (003680) | $54.58 Billion | -22.33% | 2.91x | $19.75 Million |
| Namyang Dairy (003920) | $737.95 Billion | -10.63% | 0.22x | $209.00 Million |
About Daesang Corp Preference Shares
Daesang Corporation, together with its subsidiaries, manufacture seasonings and food additives products in Korea, Asia, the United States, Europe, Oceania, and Africa. It operates through Food and Material segments. The company offers general food products, including bean pastes and seasonings; agro-fishery food, such as vinegar and fish sauce; and fresh food products comprising Kimchi and tofu, … Read more