Korea Ind
Korea Industrial Co., Ltd. manufactures and sells mixed feed for laying hen, broiler, pig, dairy, feeder cattle, duck, rabbit, black goat, sheep dog, and others in South Korea. The company was founded in 1957 and is based in Busan, South Korea.
Korea Ind (002140) - Net Assets
Latest net assets as of September 2025: ₩116.63 Billion KRW
Based on the latest financial reports, Korea Ind (002140) has net assets worth ₩116.63 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 (₩282.19 Billion) and total liabilities (₩165.56 Billion). 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 | ₩116.63 Billion |
| % of Total Assets | 41.33% |
| Annual Growth Rate | 6.84% |
| 5-Year Change | 5.65% |
| 10-Year Change | 36.68% |
| Growth Volatility | 24.4 |
Korea Ind - Net Assets Trend (2006–2024)
This chart illustrates how Korea Ind's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korea Ind (2006–2024)
The table below shows the annual net assets of Korea Ind from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩108.44 Billion | +1.42% |
| 2023-12-31 | ₩106.93 Billion | +1.20% |
| 2022-12-31 | ₩105.65 Billion | -1.11% |
| 2021-12-31 | ₩106.84 Billion | +4.09% |
| 2020-12-31 | ₩102.64 Billion | +7.11% |
| 2019-12-31 | ₩95.82 Billion | +3.72% |
| 2018-12-31 | ₩92.39 Billion | +4.09% |
| 2017-12-31 | ₩88.76 Billion | +4.40% |
| 2016-12-31 | ₩85.02 Billion | +7.16% |
| 2015-12-31 | ₩79.34 Billion | +4.24% |
| 2014-12-31 | ₩76.12 Billion | +14.40% |
| 2013-12-31 | ₩66.54 Billion | +7.17% |
| 2012-12-31 | ₩62.08 Billion | +10.74% |
| 2011-12-31 | ₩56.07 Billion | -4.23% |
| 2010-12-31 | ₩58.54 Billion | +102.31% |
| 2008-12-31 | ₩28.94 Billion | -20.23% |
| 2007-12-31 | ₩36.28 Billion | +10.13% |
| 2006-12-31 | ₩32.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korea Ind'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 1904.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩83.13 Billion | 76.34% |
| Other Components | ₩25.77 Billion | 23.66% |
| Total Equity | ₩108.90 Billion | 100.00% |
Korea Ind Competitors by Market Cap
The table below lists competitors of Korea Ind ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Astro Malaysia Holdings Bhd
KLSE:6399
|
$24.66 Million |
|
Southern Acids (M) Bhd
KLSE:5134
|
$24.66 Million |
|
Alves Kablo San As
IS:ALVES
|
$24.66 Million |
|
IDENIX PHARM
MU:NO9
|
$24.66 Million |
|
Middlebury National Corporation
PINK:MDVT
|
$24.65 Million |
|
Hancom Lifecare Inc.
KO:372910
|
$24.64 Million |
|
Glintt Global, S.A.
LSE:0M8Z
|
$24.64 Million |
|
Rojukiss International Public Company Limited
BK:KISS
|
$24.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea Ind's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 107,259,320,350 to 108,900,296,200, a change of 1,640,975,850 (1.5%).
- Net income of 4,019,182,190 contributed positively to equity growth.
- Dividend payments of 616,785,500 reduced retained earnings.
- Other factors decreased equity by 1,761,420,840.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩4.02 Billion | +3.69% |
| Dividends Paid | ₩616.79 Million | -0.57% |
| Other Changes | ₩-1.76 Billion | -1.62% |
| Total Change | ₩- | 1.53% |
Book Value vs Market Value Analysis
This analysis compares Korea Ind'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: 0.64x
- 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 0.78x to 0.64x 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 | ₩3598.02 | ₩2810.00 | x |
| 2018-12-31 | ₩3754.37 | ₩2810.00 | x |
| 2019-12-31 | ₩3883.39 | ₩2810.00 | x |
| 2020-12-31 | ₩4152.79 | ₩2810.00 | x |
| 2021-12-31 | ₩4323.04 | ₩2810.00 | x |
| 2022-12-31 | ₩4285.82 | ₩2810.00 | x |
| 2023-12-31 | ₩4347.51 | ₩2810.00 | x |
| 2024-12-31 | ₩4414.03 | ₩2810.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea Ind 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): 3.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.31%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 2.64x
- Recent ROE (3.69%) is below the historical average (6.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 9.52% | 3.05% | 1.16x | 2.69x | ₩-145.63 Million |
| 2007 | 10.21% | 3.28% | 1.06x | 2.93x | ₩71.58 Million |
| 2010 | 10.25% | 3.49% | 1.27x | 2.31x | ₩135.86 Million |
| 2011 | 7.80% | 2.47% | 1.42x | 2.23x | ₩-1.23 Billion |
| 2012 | 12.53% | 4.06% | 1.29x | 2.39x | ₩1.57 Billion |
| 2013 | 7.14% | 2.34% | 1.36x | 2.24x | ₩-1.90 Billion |
| 2014 | 11.96% | 4.89% | 1.19x | 2.06x | ₩1.48 Billion |
| 2015 | 7.29% | 3.03% | 1.16x | 2.08x | ₩-2.08 Billion |
| 2016 | 8.33% | 4.03% | 1.03x | 2.01x | ₩-1.39 Billion |
| 2017 | 5.76% | 2.93% | 0.95x | 2.06x | ₩-3.77 Billion |
| 2018 | 4.25% | 2.49% | 0.74x | 2.31x | ₩-5.32 Billion |
| 2019 | 4.67% | 2.33% | 0.93x | 2.16x | ₩-5.10 Billion |
| 2020 | 6.69% | 3.60% | 0.88x | 2.11x | ₩-3.39 Billion |
| 2021 | 4.23% | 2.12% | 0.89x | 2.24x | ₩-6.15 Billion |
| 2022 | 0.65% | 0.25% | 1.01x | 2.60x | ₩-9.89 Billion |
| 2023 | 3.16% | 1.06% | 1.15x | 2.59x | ₩-7.34 Billion |
| 2024 | 3.69% | 1.31% | 1.07x | 2.64x | ₩-6.87 Billion |
Industry Comparison
This section compares Korea Ind's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $418,348,543,807
- Average return on equity (ROE) among peers: 4.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Ind (002140) | ₩116.63 Billion | 9.52% | 1.42x | $24.66 Million |
| Daehan Flour Mills Co Ltd (001130) | $489.63 Billion | 6.13% | 0.50x | $92.10 Million |
| Daesang Corp (001680) | $484.66 Billion | 6.60% | 1.67x | $297.74 Million |
| Daesang Corp Preference Shares (001685) | $867.27 Billion | 7.45% | 1.66x | $257.13 Million |
| Choheung (002600) | $149.64 Billion | 0.24% | 1.63x | $16.50 Million |
| Sam Yang Foods (003230) | $53.38 Billion | 0.00% | 4.82x | $2.87 Billion |
| Daejoo Inc (003310) | $47.00 Billion | 3.26% | 0.70x | $60.49 Million |
| Harim Holdings Co. Ltd (003380) | $808.31 Billion | 21.63% | 7.74x | $434.99 Million |
| Hansung Ent (003680) | $52.28 Billion | 2.70% | 3.49x | $11.05 Million |
| Namyang Dairy (003920) | $812.96 Billion | -7.24% | 0.15x | $115.08 Million |