Hae In
Haein Corporation supplies equipment for construction, energy, and power industries in South Korea and internationally. It provides construction equipment, such as excavator, wheel type loader, track type tractor, paving equipment, skid steer loader, etc. for remicon, aggregate/mining, scrap/steel, waste, construction/civil engineering, site construction, underground construction, forestry, lands… Read more
Hae In (003010) - Net Assets
Latest net assets as of September 2025: ₩121.94 Billion KRW
Based on the latest financial reports, Hae In (003010) has net assets worth ₩121.94 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 (₩252.85 Billion) and total liabilities (₩130.91 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 | ₩121.94 Billion |
| % of Total Assets | 48.23% |
| Annual Growth Rate | 2.19% |
| 5-Year Change | 22.49% |
| 10-Year Change | 31.79% |
| Growth Volatility | 8.32 |
Hae In - Net Assets Trend (2006–2024)
This chart illustrates how Hae In's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hae In (2006–2024)
The table below shows the annual net assets of Hae In from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩120.27 Billion | +4.75% |
| 2023-12-31 | ₩114.81 Billion | +6.26% |
| 2022-12-31 | ₩108.05 Billion | +5.95% |
| 2021-12-31 | ₩101.98 Billion | +3.87% |
| 2020-12-31 | ₩98.18 Billion | +2.76% |
| 2019-12-31 | ₩95.54 Billion | +4.24% |
| 2018-12-31 | ₩91.66 Billion | -0.70% |
| 2017-12-31 | ₩92.30 Billion | +1.09% |
| 2016-12-31 | ₩91.31 Billion | +0.06% |
| 2015-12-31 | ₩91.25 Billion | -5.28% |
| 2014-12-31 | ₩96.34 Billion | +0.30% |
| 2013-12-31 | ₩96.05 Billion | -8.27% |
| 2012-12-31 | ₩104.72 Billion | -6.22% |
| 2011-12-31 | ₩111.66 Billion | +0.11% |
| 2010-12-31 | ₩111.54 Billion | +31.56% |
| 2008-12-31 | ₩84.78 Billion | -0.60% |
| 2007-12-31 | ₩85.30 Billion | +4.71% |
| 2006-12-31 | ₩81.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hae In'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 11873468525000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩118.73 Billion | 98.73% |
| Other Components | ₩1.53 Billion | 1.27% |
| Total Equity | ₩120.27 Billion | 100.00% |
Hae In Competitors by Market Cap
The table below lists competitors of Hae In ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Millennial Potash Corp.
OTCQB:MLPNF
|
$28.80 Million |
|
Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA
F:MUT3
|
$28.81 Million |
|
ROCHE BOBOIS S.A. EO5
F:5RO
|
$28.81 Million |
|
Lee Enterprises Incorporated
NASDAQ:LEE
|
$28.81 Million |
|
Snowman Logistics Limited
NSE:SNOWMAN
|
$28.78 Million |
|
Kao Hsiung Chang Iron & Steel Corp
TW:2008
|
$28.78 Million |
|
Borosil Scientific
NSE:BOROSCI
|
$28.77 Million |
|
Universal Textile Co Ltd
TW:1445
|
$28.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hae In's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 114,811,452,600 to 120,265,987,760, a change of 5,454,535,160 (4.8%).
- Net income of 7,274,399,150 contributed positively to equity growth.
- Dividend payments of 1,827,214,910 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩7.27 Billion | +6.05% |
| Dividends Paid | ₩1.83 Billion | -1.52% |
| Other Changes | ₩7.35 Million | +0.01% |
| Total Change | ₩- | 4.75% |
Book Value vs Market Value Analysis
This analysis compares Hae In'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: 0.48x
- 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 0.60x to 0.48x 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 | ₩8925.36 | ₩5350.00 | x |
| 2018-12-31 | ₩8869.56 | ₩5350.00 | x |
| 2019-12-31 | ₩9249.40 | ₩5350.00 | x |
| 2020-12-31 | ₩9975.15 | ₩5350.00 | x |
| 2021-12-31 | ₩10379.59 | ₩5350.00 | x |
| 2022-12-31 | ₩10052.45 | ₩5350.00 | x |
| 2023-12-31 | ₩10681.80 | ₩5350.00 | x |
| 2024-12-31 | ₩11189.28 | ₩5350.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hae In 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): 6.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.92%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 2.19x
- Recent ROE (6.05%) is above the historical average (2.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 2.22% | 1.59% | 0.94x | 1.50x | ₩-6.33 Billion |
| 2007 | 6.35% | 3.47% | 1.06x | 1.72x | ₩-3.11 Billion |
| 2008 | 3.78% | 1.87% | 0.85x | 2.37x | ₩-5.28 Billion |
| 2010 | 5.47% | 2.83% | 1.16x | 1.67x | ₩-5.10 Billion |
| 2011 | 3.61% | 2.12% | 0.98x | 1.73x | ₩-7.35 Billion |
| 2013 | -4.70% | -2.12% | 1.00x | 2.22x | ₩-15.18 Billion |
| 2014 | 1.39% | 0.55% | 1.01x | 2.47x | ₩-8.95 Billion |
| 2015 | -3.30% | -1.62% | 0.86x | 2.36x | ₩-13.31 Billion |
| 2016 | 0.94% | 0.45% | 0.90x | 2.33x | ₩-9.13 Billion |
| 2017 | 1.99% | 0.84% | 1.04x | 2.27x | ₩-8.05 Billion |
| 2018 | -0.30% | -0.14% | 0.95x | 2.29x | ₩-10.28 Billion |
| 2019 | 4.45% | 1.78% | 1.19x | 2.10x | ₩-5.78 Billion |
| 2020 | 4.90% | 2.41% | 1.05x | 1.94x | ₩-5.47 Billion |
| 2021 | 4.89% | 2.64% | 1.06x | 1.75x | ₩-5.70 Billion |
| 2022 | -1.95% | -1.18% | 0.74x | 2.23x | ₩-12.91 Billion |
| 2023 | 6.45% | 2.68% | 1.09x | 2.21x | ₩-4.08 Billion |
| 2024 | 6.05% | 2.92% | 0.95x | 2.19x | ₩-4.75 Billion |
Industry Comparison
This section compares Hae In's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $86,814,624,736
- Average return on equity (ROE) among peers: -3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hae In (003010) | ₩121.94 Billion | 2.22% | 1.07x | $28.80 Million |
| Gs Global (001250) | $202.72 Billion | -23.03% | 2.95x | $69.26 Million |
| Sam Yung Tradi (002810) | $107.75 Billion | 9.30% | 0.37x | $125.59 Million |
| Playgram Co. Ltd (009810) | $48.02 Billion | -16.12% | 0.32x | $18.62 Million |
| Duckshin Housing Co. Ltd (090410) | $54.43 Billion | -22.40% | 1.04x | $26.98 Million |
| APro Co. Ltd. (262260) | $21.15 Billion | 35.82% | 1.35x | $30.11 Million |