Hwa Sung Ind (002460) - Net Assets
Based on the latest financial reports, Hwa Sung Ind (002460) has net assets worth ₩437.88 Billion KRW (≈ $296.74 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 (₩742.15 Billion ≈ $502.95 Million USD) and total liabilities (₩304.28 Billion ≈ $206.20 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 asset resilience ratio of Hwa Sung Ind to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩437.88 Billion |
| % of Total Assets | 59.0% |
| Annual Growth Rate | 3.8% |
| 5-Year Change | 5.01% |
| 10-Year Change | 40.1% |
| Growth Volatility | 12.49 |
Hwa Sung Ind - Net Assets Trend (2000–2025)
This chart illustrates how Hwa Sung Ind's net assets have evolved over time, based on quarterly financial data. Also explore Hwa Sung Ind asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Hwa Sung Ind (2000–2025)
The table below shows the annual net assets of Hwa Sung Ind from 2000 to 2025. For live valuation and market cap data, see 002460 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩437.88 Billion ≈ $296.74 Million |
+14.35% |
| 2024-12-31 | ₩382.94 Billion ≈ $259.51 Million |
+3.65% |
| 2023-12-31 | ₩369.44 Billion ≈ $250.37 Million |
+3.50% |
| 2022-12-31 | ₩356.95 Billion ≈ $241.90 Million |
-14.40% |
| 2021-12-31 | ₩416.98 Billion ≈ $282.58 Million |
+5.71% |
| 2020-12-31 | ₩394.46 Billion ≈ $267.32 Million |
+6.32% |
| 2019-12-31 | ₩371.00 Billion ≈ $251.42 Million |
-1.01% |
| 2018-12-31 | ₩374.79 Billion ≈ $253.99 Million |
+7.50% |
| 2017-12-31 | ₩348.65 Billion ≈ $236.28 Million |
+11.55% |
| 2016-12-31 | ₩312.55 Billion ≈ $211.81 Million |
+17.54% |
| 2014-12-31 | ₩265.92 Billion ≈ $180.21 Million |
+11.87% |
| 2013-12-31 | ₩237.70 Billion ≈ $161.08 Million |
+8.19% |
| 2012-12-31 | ₩219.70 Billion ≈ $148.89 Million |
+6.11% |
| 2011-12-31 | ₩207.05 Billion ≈ $140.31 Million |
-36.64% |
| 2010-12-31 | ₩326.77 Billion ≈ $221.45 Million |
-24.12% |
| 2009-12-31 | ₩430.64 Billion ≈ $291.84 Million |
+6.26% |
| 2008-12-31 | ₩405.28 Billion ≈ $274.65 Million |
+15.74% |
| 2007-12-31 | ₩350.18 Billion ≈ $237.31 Million |
+9.68% |
| 2006-12-31 | ₩319.27 Billion ≈ $216.36 Million |
+14.81% |
| 2005-12-31 | ₩278.09 Billion ≈ $188.46 Million |
+13.16% |
| 2004-12-31 | ₩245.74 Billion ≈ $166.54 Million |
+10.62% |
| 2003-12-31 | ₩222.16 Billion ≈ $150.55 Million |
+11.61% |
| 2002-12-31 | ₩199.05 Billion ≈ $134.89 Million |
+8.13% |
| 2001-12-31 | ₩184.09 Billion ≈ $124.76 Million |
+6.79% |
| 2000-12-31 | ₩172.39 Billion ≈ $116.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hwa Sung 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 32413481036000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩324.13 Billion | 74.40% |
| Other Components | ₩111.53 Billion | 25.60% |
| Total Equity | ₩435.67 Billion | 100.00% |
Hwa Sung Ind Competitors by Market Cap
The table below lists competitors of Hwa Sung Ind ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lionsgate Studios Holding Corp. (to be renamed Lionsgate Studios Corp.)
NASDAQ:LION
|
$85.38 Million |
|
Hwa Fong Rubber (Thailand) Public Company Limited
BK:HFT
|
$85.38 Million |
|
Téléverbier SA
PA:TVRB
|
$85.40 Million |
|
Panstar Enterprise Co.Ltd
KQ:054300
|
$85.40 Million |
|
Dae Chang
KO:012800
|
$85.34 Million |
|
Topower Co Ltd
TWO:3226
|
$85.26 Million |
|
SYNergy ScienTech Corp
TW:6558
|
$85.25 Million |
|
TC Bancshares Inc
NASDAQ:TCBC
|
$85.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hwa Sung Ind's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 384,039,524,170 to 435,668,339,100, a change of 51,628,814,930 (13.4%).
- Net income of 27,599,263,040 contributed positively to equity growth.
- Dividend payments of 4,732,364,500 reduced retained earnings.
- New share issuances of 826,327,180 increased equity.
- Other factors increased equity by 27,935,589,210.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩27.60 Billion | +6.33% |
| Dividends Paid | ₩4.73 Billion | -1.09% |
| Share Issuances | ₩826.33 Million | +0.19% |
| Other Changes | ₩27.94 Billion | +6.41% |
| Total Change | ₩- | 13.44% |
Book Value vs Market Value Analysis
This analysis compares Hwa Sung 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: 0.29x
- 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 0.46x to 0.29x 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 | ₩28790.17 | ₩13310.00 | x |
| 2018-12-31 | ₩30948.67 | ₩13310.00 | x |
| 2019-12-31 | ₩30635.18 | ₩13310.00 | x |
| 2020-12-31 | ₩32533.84 | ₩13310.00 | x |
| 2021-12-31 | ₩34409.66 | ₩13310.00 | x |
| 2022-12-31 | ₩39046.09 | ₩13310.00 | x |
| 2023-12-31 | ₩40704.49 | ₩13310.00 | x |
| 2024-12-31 | ₩40575.86 | ₩13310.00 | x |
| 2025-12-31 | ₩46030.73 | ₩13310.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hwa Sung 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): 6.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.19%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.70x
- Recent ROE (6.33%) is above the historical average (5.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 2.66% | 0.58% | 0.95x | 4.85x | ₩-12.61 Billion |
| 2001 | 3.06% | 0.73% | 1.04x | 4.00x | ₩-12.73 Billion |
| 2002 | 7.22% | 1.72% | 1.21x | 3.46x | ₩-5.52 Billion |
| 2003 | 11.98% | 3.71% | 1.07x | 3.01x | ₩4.27 Billion |
| 2004 | 8.63% | 3.33% | 0.93x | 2.79x | ₩-3.22 Billion |
| 2005 | 6.66% | 3.17% | 0.81x | 2.59x | ₩-8.83 Billion |
| 2006 | 12.94% | 6.52% | 0.81x | 2.44x | ₩8.87 Billion |
| 2007 | 9.20% | 4.37% | 0.80x | 2.64x | ₩-2.60 Billion |
| 2008 | 1.65% | 0.77% | 0.71x | 3.01x | ₩-31.06 Billion |
| 2009 | 0.66% | 0.28% | 0.70x | 3.34x | ₩-35.08 Billion |
| 2011 | -42.45% | -21.84% | 0.83x | 2.35x | ₩-108.59 Billion |
| 2012 | 5.79% | 3.62% | 0.89x | 1.81x | ₩-9.25 Billion |
| 2013 | 6.87% | 4.63% | 0.84x | 1.76x | ₩-7.43 Billion |
| 2014 | 8.89% | 5.62% | 0.80x | 1.97x | ₩-2.94 Billion |
| 2016 | 10.77% | 6.81% | 0.98x | 1.61x | ₩2.41 Billion |
| 2017 | 12.81% | 7.86% | 0.99x | 1.65x | ₩9.78 Billion |
| 2018 | 13.13% | 10.36% | 0.74x | 1.71x | ₩11.75 Billion |
| 2019 | 2.07% | 1.70% | 0.74x | 1.65x | ₩-29.43 Billion |
| 2020 | 8.43% | 7.92% | 0.72x | 1.47x | ₩-6.19 Billion |
| 2021 | 7.17% | 7.08% | 0.52x | 1.94x | ₩-11.80 Billion |
| 2022 | 6.81% | 3.76% | 0.87x | 2.09x | ₩-11.41 Billion |
| 2023 | 5.65% | 2.32% | 0.92x | 2.66x | ₩-16.18 Billion |
| 2024 | 3.12% | 1.96% | 0.74x | 2.17x | ₩-26.42 Billion |
| 2025 | 6.33% | 4.19% | 0.89x | 1.70x | ₩-15.97 Billion |
Industry Comparison
This section compares Hwa Sung Ind's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $2,081,715,144,440
- Average return on equity (ROE) among peers: 6.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hwa Sung Ind (002460) | ₩437.88 Billion | 2.66% | 0.69x | $85.37 Million |
| Hyundai Engineering & Construction (000720) | $9.67 Trillion | -1.74% | 1.79x | $12.21 Billion |
| Hyundai Engineering & Construction Co Ltd (000725) | $8.14 Trillion | 6.03% | 1.44x | $53.11 Million |
| Nam Kwang Cons (001260) | $87.75 Billion | 24.71% | 2.12x | $65.78 Million |
| Sambu Const (001470) | $181.07 Billion | -9.65% | 1.70x | $54.01 Million |
| Dohwa Engin (002150) | $274.36 Billion | 7.56% | 1.21x | $160.66 Million |
| Bumyang Construction Co Ltd (002410) | $43.47 Billion | 20.05% | 0.82x | $36.03 Million |
| Chin Hung Int' (002780) | $268.27 Billion | 0.81% | 1.03x | $136.68 Million |
| Chinhung International Inc (002785) | $78.80 Billion | 7.68% | 3.65x | $2.03 Million |
| Chinhung International Inc. Pfd. Series 2 (002787) | $-10.01 Billion | 0.00% | 0.00x | $1.70 Million |
About Hwa Sung Ind
HS Hwasung Co., Ltd. engages in the provision of construction services in the areas of public works, architecture, housing, environmental engineering, plants, and engineering consultation in South Korea. The company offers civil engineering services for roads, ports and rivers, and subway and other projects; architecture services for offices and industrial facilities, public and spectator facilit… Read more