Kisco Holdings (001940) - Net Assets
Based on the latest financial reports, Kisco Holdings (001940) has net assets worth ₩1.45 Trillion KRW (≈ $985.48 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.64 Trillion ≈ $1.11 Billion USD) and total liabilities (₩183.71 Billion ≈ $124.50 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 how tangible is Kisco Holdings's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.45 Trillion |
| % of Total Assets | 88.78% |
| Annual Growth Rate | 6.32% |
| 5-Year Change | 5.18% |
| 10-Year Change | 17.29% |
| Growth Volatility | 31.6 |
Kisco Holdings - Net Assets Trend (2002–2025)
This chart illustrates how Kisco Holdings's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Kisco Holdings to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kisco Holdings (2002–2025)
The table below shows the annual net assets of Kisco Holdings from 2002 to 2025. For live valuation and market cap data, see Kisco Holdings (001940) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩1.49 Trillion ≈ $1.01 Billion |
-4.26% |
| 2024-12-31 | ₩1.56 Trillion ≈ $1.06 Billion |
-2.39% |
| 2023-12-31 | ₩1.60 Trillion ≈ $1.08 Billion |
+6.87% |
| 2022-12-31 | ₩1.50 Trillion ≈ $1.01 Billion |
+5.31% |
| 2021-12-31 | ₩1.42 Trillion ≈ $962.80 Million |
+6.44% |
| 2020-12-31 | ₩1.33 Trillion ≈ $904.59 Million |
+0.55% |
| 2019-12-31 | ₩1.33 Trillion ≈ $899.67 Million |
+3.79% |
| 2018-12-31 | ₩1.28 Trillion ≈ $866.79 Million |
+1.61% |
| 2017-12-31 | ₩1.26 Trillion ≈ $853.07 Million |
-1.19% |
| 2016-12-31 | ₩1.27 Trillion ≈ $863.35 Million |
+5.98% |
| 2015-12-31 | ₩1.20 Trillion ≈ $814.61 Million |
+6.43% |
| 2014-12-31 | ₩1.13 Trillion ≈ $765.37 Million |
-0.55% |
| 2013-12-31 | ₩1.14 Trillion ≈ $769.58 Million |
+59.25% |
| 2012-12-31 | ₩713.07 Billion ≈ $483.24 Million |
+4.44% |
| 2011-12-31 | ₩682.73 Billion ≈ $462.68 Million |
-36.71% |
| 2010-12-31 | ₩1.08 Trillion ≈ $731.09 Million |
+4.37% |
| 2009-12-31 | ₩1.03 Trillion ≈ $700.46 Million |
+128.80% |
| 2008-12-31 | ₩451.75 Billion ≈ $306.14 Million |
-42.89% |
| 2007-12-31 | ₩791.07 Billion ≈ $536.10 Million |
+9.63% |
| 2006-12-31 | ₩721.58 Billion ≈ $489.01 Million |
+8.78% |
| 2005-12-31 | ₩663.32 Billion ≈ $449.52 Million |
+18.03% |
| 2004-12-31 | ₩562.00 Billion ≈ $380.86 Million |
+29.41% |
| 2003-12-31 | ₩434.28 Billion ≈ $294.31 Million |
+19.09% |
| 2002-12-31 | ₩364.66 Billion ≈ $247.12 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Kisco Holdings'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 85161438353000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩851.61 Billion | 74.50% |
| Other Components | ₩291.45 Billion | 25.50% |
| Total Equity | ₩1.14 Trillion | 100.00% |
Kisco Holdings Competitors by Market Cap
The table below lists competitors of Kisco Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thejo Engineering Limited
NSE:THEJO
|
$204.98 Million |
|
GoldQuest Mining Corp.
V:GQC
|
$205.04 Million |
|
Maschinenfabrik Berthold Hermle AG
F:MBH3
|
$205.18 Million |
|
Humacyte Inc
NASDAQ:HUMA
|
$205.23 Million |
|
Hua Na Hydropower JSC
VN:HNA
|
$204.67 Million |
|
Kg Chemical
KO:001390
|
$204.58 Million |
|
Sunjuice Holdings Co Ltd
TW:1256
|
$204.55 Million |
|
Metropolitan Land Tbk
JK:MTLA
|
$204.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kisco Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,178,680,198,660 to 1,143,065,471,420, a change of -35,614,727,240 (-3.0%).
- Net loss of 18,243,214,910 reduced equity.
- Dividend payments of 51,259,929,750 reduced retained earnings.
- Share repurchases of 8,598,869,970 reduced equity.
- Other factors increased equity by 42,487,287,390.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-18.24 Billion | -1.6% |
| Dividends Paid | ₩51.26 Billion | -4.48% |
| Share Repurchases | ₩8.60 Billion | -0.75% |
| Other Changes | ₩42.49 Billion | +3.72% |
| Total Change | ₩- | -3.02% |
Book Value vs Market Value Analysis
This analysis compares Kisco Holdings'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: 0.26x
- 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 0.49x to 0.26x 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 | ₩49695.20 | ₩24150.00 | x |
| 2018-12-31 | ₩50920.27 | ₩24150.00 | x |
| 2019-12-31 | ₩53446.12 | ₩24150.00 | x |
| 2020-12-31 | ₩56231.26 | ₩24150.00 | x |
| 2021-12-31 | ₩68463.04 | ₩24150.00 | x |
| 2022-12-31 | ₩75645.21 | ₩24150.00 | x |
| 2023-12-31 | ₩83819.86 | ₩24150.00 | x |
| 2024-12-31 | ₩93327.85 | ₩24150.00 | x |
| 2025-12-31 | ₩91368.06 | ₩24150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kisco Holdings 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): -1.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.21%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.45x
- Recent ROE (-1.60%) is below the historical average (8.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.58% | 2.79% | 0.81x | 2.03x | ₩-18.63 Billion |
| 2003 | 17.48% | 7.53% | 1.40x | 1.66x | ₩30.28 Billion |
| 2004 | 21.66% | 10.01% | 1.37x | 1.58x | ₩60.31 Billion |
| 2005 | 15.86% | 9.39% | 1.13x | 1.50x | ₩36.01 Billion |
| 2006 | 10.22% | 6.29% | 1.14x | 1.43x | ₩1.45 Billion |
| 2007 | 9.35% | 5.94% | 1.03x | 1.52x | ₩-4.83 Billion |
| 2008 | 35.90% | 18.64% | 1.29x | 1.49x | ₩99.99 Billion |
| 2009 | 11.32% | 3.68% | 1.13x | 2.73x | ₩6.49 Billion |
| 2010 | 4.44% | 1.54% | 1.07x | 2.69x | ₩-28.51 Billion |
| 2012 | 4.69% | 5.10% | 0.75x | 1.22x | ₩-34.32 Billion |
| 2013 | 1.91% | 0.95% | 0.96x | 2.08x | ₩-53.61 Billion |
| 2014 | 0.78% | 0.44% | 0.84x | 2.10x | ₩-60.50 Billion |
| 2015 | 6.20% | 4.02% | 0.77x | 2.00x | ₩-26.78 Billion |
| 2016 | 6.12% | 4.34% | 0.71x | 1.99x | ₩-29.07 Billion |
| 2017 | 1.69% | 1.05% | 0.82x | 1.96x | ₩-63.14 Billion |
| 2018 | 3.26% | 1.93% | 0.85x | 1.98x | ₩-52.53 Billion |
| 2019 | 5.44% | 3.76% | 0.76x | 1.90x | ₩-37.25 Billion |
| 2020 | 4.09% | 3.24% | 0.68x | 1.86x | ₩-49.81 Billion |
| 2021 | 11.99% | 7.19% | 0.94x | 1.78x | ₩18.87 Billion |
| 2022 | 7.61% | 4.41% | 1.04x | 1.66x | ₩-25.01 Billion |
| 2023 | 8.12% | 5.90% | 0.86x | 1.61x | ₩-21.12 Billion |
| 2024 | 2.75% | 3.20% | 0.59x | 1.45x | ₩-85.45 Billion |
| 2025 | -1.60% | -2.21% | 0.50x | 1.45x | ₩-132.55 Billion |
Industry Comparison
This section compares Kisco Holdings's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $876,791,111,390
- Average return on equity (ROE) among peers: 5.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kisco Holdings (001940) | ₩1.45 Trillion | 4.58% | 0.13x | $204.75 Million |
| Korea Cast Pip (000970) | $255.10 Billion | 9.57% | 0.31x | $96.80 Million |
| Manho Rope&Wir (001080) | $145.98 Billion | 0.00% | 0.34x | $9.77 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $3.29 Trillion | 12.57% | 0.96x | $42.47 Million |
| SeAH Bestee (001430) | $1.98 Trillion | 0.87% | 0.80x | $1.05 Billion |
| Hanil Iron & S (002220) | $137.48 Billion | 2.80% | 0.39x | $82.69 Million |
| Kis Wire (002240) | $827.99 Billion | 13.17% | 0.70x | $353.66 Million |
| Dong Il Steel MFG Co Ltd (002690) | $129.80 Billion | 0.23% | 0.14x | $18.46 Million |
| Tcc Steel (002710) | $121.13 Billion | -1.25% | 1.53x | $225.61 Million |
| Seah Steel Corp (003030) | $1.00 Trillion | 9.61% | 1.02x | $364.18 Million |
About Kisco Holdings
KISCO Holdings Corp., through its subsidiaries, develops, produces, and sells steel products primarily in South Korea. It offers reinforcing bars and billets; and produces and supplies oxygen, liquid nitrogen, and argon. KISCO Holdings Corp. was founded in 1957 and is headquartered in Changwon-si, South Korea.