Handok (002390) - Net Assets

Latest as of December 2025: ₩278.32 Billion KRW ≈ $188.61 Million USD

Based on the latest financial reports, Handok (002390) has net assets worth ₩278.32 Billion KRW (≈ $188.61 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩790.75 Billion ≈ $535.88 Million USD) and total liabilities (₩512.43 Billion ≈ $347.27 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 Handok (002390) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩278.32 Billion
% of Total Assets	35.2%
Annual Growth Rate	N/A
5-Year Change	-27.52%
10-Year Change	-3.78%
Growth Volatility	7.06

Handok - Net Assets Trend (2011–2025)

This chart illustrates how Handok's net assets have evolved over time, based on quarterly financial data. See Handok liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Handok (2011–2025)

The table below shows the annual net assets of Handok from 2011 to 2025. For live valuation and market cap data, see Handok stock valuation.

Year	Net Assets	Change
2025-12-31	₩278.32 Billion ≈ $188.61 Million	-3.72%
2024-12-31	₩289.06 Billion ≈ $195.89 Million	-15.14%
2023-12-31	₩340.63 Billion ≈ $230.84 Million	-10.80%
2022-12-31	₩381.86 Billion ≈ $258.78 Million	-0.56%
2021-12-31	₩384.00 Billion ≈ $260.23 Million	+0.56%
2020-12-31	₩381.85 Billion ≈ $258.77 Million	+11.00%
2019-12-31	₩343.99 Billion ≈ $233.12 Million	+9.77%
2018-12-31	₩313.38 Billion ≈ $212.37 Million	+7.80%
2017-12-31	₩290.71 Billion ≈ $197.01 Million	+0.51%
2016-12-31	₩289.25 Billion ≈ $196.02 Million	-4.76%
2015-12-31	₩303.71 Billion ≈ $205.82 Million	-1.32%
2014-12-31	₩307.77 Billion ≈ $208.57 Million	+4.59%
2013-12-31	₩294.28 Billion ≈ $199.43 Million	+2.45%
2012-12-31	₩287.25 Billion ≈ $194.67 Million	+3.20%
2011-12-31	₩278.34 Billion ≈ $188.62 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Handok'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 22566666905000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩225.67 Billion	81.58%
Other Components	₩50.94 Billion	18.42%
Total Equity	₩276.61 Billion	100.00%

Handok Competitors by Market Cap

The table below lists competitors of Handok ranked by their market capitalization.

Company	Market Cap
NPC Co. Ltd KO:004250	$68.69 Million
Hyundai E P KO:089470	$68.72 Million
Groupe LDLC SA PA:ALLDL	$68.73 Million
Dongnam Chem KO:023450	$68.74 Million
Big Ridge Gold Corp V:BRAU	$68.67 Million
RoboRobo Co. Ltd KQ:215100	$68.64 Million
CENIT Aktiengesellschaft XETRA:CSH	$68.62 Million
Xin Chio Global Co Ltd TWO:3171	$68.59 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Handok's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 287,262,262,410 to 276,608,514,860, a change of -10,653,747,550 (-3.7%).
Net loss of 2,153,006,030 reduced equity.
Dividend payments of 2,752,706,600 reduced retained earnings.
Share repurchases of 9,319,596,350 reduced equity.
Other factors increased equity by 3,571,561,430.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩-2.15 Billion	-0.78%
Dividends Paid	₩2.75 Billion	-1.0%
Share Repurchases	₩9.32 Billion	-3.37%
Other Changes	₩3.57 Billion	+1.29%
Total Change	₩-	-3.71%

Book Value vs Market Value Analysis

This analysis compares Handok'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: 0.37x
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	₩22838.20	₩7800.00	x
2018-12-31	₩22572.56	₩7800.00	x
2019-12-31	₩24757.03	₩7800.00	x
2020-12-31	₩27703.50	₩7800.00	x
2021-12-31	₩27899.55	₩7800.00	x
2022-12-31	₩27595.57	₩7800.00	x
2023-12-31	₩24610.83	₩7800.00	x
2024-12-31	₩20871.26	₩7800.00	x
2025-12-31	₩21292.39	₩7800.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Handok 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): -0.78%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.40%
• Asset Turnover: 0.68x
• Equity Multiplier: 2.86x
Recent ROE (-0.78%) is below the historical average (0.50%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	5.95%	4.97%	0.82x	1.47x	₩-11.26 Billion
2012	2.01%	1.83%	0.72x	1.52x	₩-22.96 Billion
2013	4.18%	3.75%	0.69x	1.61x	₩-17.12 Billion
2014	0.48%	0.42%	0.68x	1.67x	₩-29.30 Billion
2015	-0.57%	-0.47%	0.68x	1.78x	₩-31.53 Billion
2016	-2.30%	-1.63%	0.64x	2.22x	₩-34.54 Billion
2017	1.71%	1.16%	0.65x	2.25x	₩-23.56 Billion
2018	2.60%	1.79%	0.68x	2.12x	₩-22.75 Billion
2019	10.25%	7.38%	0.63x	2.20x	₩854.30 Million
2020	7.07%	5.35%	0.61x	2.15x	₩-11.17 Billion
2021	0.86%	0.64%	0.62x	2.19x	₩-35.10 Billion
2022	2.81%	1.96%	0.62x	2.29x	₩-27.30 Billion
2023	-8.50%	-5.51%	0.66x	2.33x	₩-62.67 Billion
2024	-18.30%	-10.36%	0.64x	2.75x	₩-81.29 Billion
2025	-0.78%	-0.40%	0.68x	2.86x	₩-29.81 Billion

Industry Comparison

This section compares Handok's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.

Industry Context

Industry: Drug Manufacturers - Specialty & Generic
Average net assets among peers: $329,362,045,253
Average return on equity (ROE) among peers: 3.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Handok (002390)	₩278.32 Billion	5.95%	1.84x	$68.67 Million
Dongwha Pharm.Co.Ltd (000020)	$297.40 Billion	3.39%	0.25x	$97.49 Million
Yuhan Corp. (000100)	$519.03 Billion	9.81%	0.47x	$3.90 Billion
Yuhan Corp Preferred (000105)	$1.65 Trillion	3.48%	0.32x	$51.83 Million
Yuyu Pharma (000220)	$128.69 Billion	-1.72%	0.50x	$43.48 Million
Yuyu Pharma Inc (000225)	$120.36 Billion	-5.97%	0.65x	$14.47 Million
Yuyu Pharma Inc (000227)	$86.87 Billion	4.63%	0.56x	$42.09 Million
Ildong Holdings Co Ltd (000230)	$55.81 Billion	8.24%	2.38x	$53.57 Million
Samil Pharm (000520)	$54.41 Billion	1.08%	0.83x	$101.43 Million
Donga Socio Holdings (000640)	$266.72 Billion	7.48%	1.59x	$367.37 Million
Jw Pharmac (001060)	$112.60 Billion	9.51%	2.66x	$416.42 Million

About Handok

KO:002390 Korea Drug Manufacturers - Specialty & Generic

Market Cap

$68.67 Million

₩101.33 Billion KRW

Market Cap Rank

#20749 Global

#1149 in Korea

Share Price

₩7800.00

Change (1 day)

-3.11%

52-Week Range

₩7600.00 - ₩12370.00

All Time High

₩38942.94