Seah Steel Corp (003030) - Net Assets
Based on the latest financial reports, Seah Steel Corp (003030) has net assets worth ₩2.73 Trillion KRW (≈ $1.85 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩6.05 Trillion ≈ $4.10 Billion USD) and total liabilities (₩3.31 Trillion ≈ $2.25 Billion 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 tangible equity quality of Seah Steel Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩2.73 Trillion |
| % of Total Assets | 45.2% |
| Annual Growth Rate | 6.86% |
| 5-Year Change | 72.26% |
| 10-Year Change | 111.53% |
| Growth Volatility | 16.01 |
Seah Steel Corp - Net Assets Trend (2000–2025)
This chart illustrates how Seah Steel Corp's net assets have evolved over time, based on quarterly financial data. See 003030 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Seah Steel Corp (2000–2025)
The table below shows the annual net assets of Seah Steel Corp from 2000 to 2025. For live valuation and market cap data, see how much is Seah Steel Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩2.73 Trillion ≈ $1.85 Billion |
+2.82% |
| 2024-12-31 | ₩2.66 Trillion ≈ $1.80 Billion |
+11.27% |
| 2023-12-31 | ₩2.39 Trillion ≈ $1.62 Billion |
+20.60% |
| 2022-12-31 | ₩1.98 Trillion ≈ $1.34 Billion |
+24.84% |
| 2021-12-31 | ₩1.59 Trillion ≈ $1.08 Billion |
+19.23% |
| 2020-12-31 | ₩1.33 Trillion ≈ $901.81 Million |
-1.60% |
| 2019-12-31 | ₩1.35 Trillion ≈ $916.47 Million |
-0.02% |
| 2018-12-31 | ₩1.35 Trillion ≈ $916.64 Million |
+6.58% |
| 2017-12-31 | ₩1.27 Trillion ≈ $860.06 Million |
-1.78% |
| 2016-12-31 | ₩1.29 Trillion ≈ $875.62 Million |
+5.29% |
| 2015-12-31 | ₩1.23 Trillion ≈ $831.61 Million |
+4.46% |
| 2014-12-31 | ₩1.17 Trillion ≈ $796.07 Million |
+6.84% |
| 2013-12-31 | ₩1.10 Trillion ≈ $745.08 Million |
+9.51% |
| 2012-12-31 | ₩1.00 Trillion ≈ $680.36 Million |
+5.10% |
| 2011-12-31 | ₩955.18 Billion ≈ $647.31 Million |
+39.45% |
| 2010-12-31 | ₩684.95 Billion ≈ $464.18 Million |
+15.59% |
| 2009-12-31 | ₩592.56 Billion ≈ $401.57 Million |
-1.50% |
| 2008-12-31 | ₩601.59 Billion ≈ $407.69 Million |
+31.63% |
| 2007-12-31 | ₩457.02 Billion ≈ $309.72 Million |
+9.89% |
| 2006-12-31 | ₩415.88 Billion ≈ $281.84 Million |
+3.52% |
| 2005-12-31 | ₩401.74 Billion ≈ $272.26 Million |
+13.29% |
| 2004-12-31 | ₩354.61 Billion ≈ $240.31 Million |
+25.04% |
| 2003-12-31 | ₩283.60 Billion ≈ $192.19 Million |
+7.90% |
| 2002-12-31 | ₩262.84 Billion ≈ $178.12 Million |
+2.42% |
| 2001-12-31 | ₩256.62 Billion ≈ $173.91 Million |
-50.74% |
| 2000-12-31 | ₩520.91 Billion ≈ $353.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Seah Steel Corp'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 166444394057000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.66 Trillion | 80.70% |
| Other Components | ₩398.11 Billion | 19.30% |
| Total Equity | ₩2.06 Trillion | 100.00% |
Seah Steel Corp Competitors by Market Cap
The table below lists competitors of Seah Steel Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kolte - Patil Developers Limited
NSE:KOLTEPATIL
|
$364.34 Million |
|
Heliostar Metals Ltd
V:HSTR
|
$364.37 Million |
|
Hellenic Exchanges - Athens Stock Exchange SA
AT:EXAE
|
$364.46 Million |
|
Wisesoft Co Ltd
SHE:002253
|
$364.50 Million |
|
TianJin JinRong TianYu Precision Machinery Inc.
SHE:300988
|
$364.00 Million |
|
Jiangsu Liance Electromechanical Technology Co. Ltd. A
SHG:688113
|
$363.93 Million |
|
Wabash National Corporation
NYSE:WNC
|
$363.63 Million |
|
Polisan Holding AS
IS:POLHO
|
$363.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seah Steel Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,000,732,800,310 to 2,062,557,507,290, a change of 61,824,706,980 (3.1%).
- Net income of 63,259,086,540 contributed positively to equity growth.
- Dividend payments of 20,829,462,350 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩63.26 Billion | +3.07% |
| Dividends Paid | ₩20.83 Billion | -1.01% |
| Other Changes | ₩19.40 Billion | +0.94% |
| Total Change | ₩- | 3.09% |
Book Value vs Market Value Analysis
This analysis compares Seah Steel Corp'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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩450097.35 | ₩133000.00 | x |
| 2018-12-31 | ₩232961.64 | ₩133000.00 | x |
| 2019-12-31 | ₩238819.44 | ₩133000.00 | x |
| 2020-12-31 | ₩241520.44 | ₩133000.00 | x |
| 2021-12-31 | ₩298051.36 | ₩133000.00 | x |
| 2022-12-31 | ₩372105.28 | ₩133000.00 | x |
| 2023-12-31 | ₩445151.06 | ₩133000.00 | x |
| 2024-12-31 | ₩495174.39 | ₩133000.00 | x |
| 2025-12-31 | ₩510475.79 | ₩133000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seah Steel Corp 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): 3.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.68%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.93x
- Recent ROE (3.07%) is below the historical average (9.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 1.78% | 0.74% | 1.02x | 2.37x | ₩-38.83 Billion |
| 2001 | 15.23% | 5.25% | 1.31x | 2.22x | ₩13.26 Billion |
| 2002 | 6.19% | 2.14% | 1.38x | 2.10x | ₩-9.90 Billion |
| 2003 | 4.91% | 1.65% | 1.46x | 2.04x | ₩-14.23 Billion |
| 2004 | 19.85% | 6.53% | 1.43x | 2.13x | ₩34.27 Billion |
| 2005 | 10.40% | 3.42% | 1.38x | 2.20x | ₩1.54 Billion |
| 2006 | 6.02% | 1.96% | 1.37x | 2.25x | ₩-16.27 Billion |
| 2007 | 4.27% | 1.30% | 1.54x | 2.14x | ₩-25.68 Billion |
| 2008 | 20.19% | 5.34% | 1.49x | 2.54x | ₩59.66 Billion |
| 2009 | 2.19% | 0.78% | 1.49x | 1.88x | ₩-45.20 Billion |
| 2010 | 13.47% | 4.98% | 1.40x | 1.93x | ₩23.24 Billion |
| 2011 | 10.25% | 4.47% | 1.11x | 2.06x | ₩2.35 Billion |
| 2012 | 9.81% | 3.91% | 1.22x | 2.06x | ₩-1.89 Billion |
| 2013 | 10.54% | 5.11% | 1.11x | 1.85x | ₩5.84 Billion |
| 2014 | 6.26% | 2.92% | 1.07x | 2.00x | ₩-42.81 Billion |
| 2015 | 3.82% | 2.09% | 1.06x | 1.73x | ₩-73.87 Billion |
| 2016 | 5.17% | 3.62% | 0.83x | 1.72x | ₩-60.83 Billion |
| 2017 | 2.06% | 1.11% | 0.95x | 1.95x | ₩-98.21 Billion |
| 2018 | 33.62% | 17.76% | 0.73x | 2.60x | ₩222.32 Billion |
| 2019 | -0.32% | -0.12% | 1.08x | 2.54x | ₩-99.57 Billion |
| 2020 | 1.75% | 0.74% | 1.00x | 2.37x | ₩-80.50 Billion |
| 2021 | 14.61% | 6.19% | 0.98x | 2.41x | ₩55.54 Billion |
| 2022 | 18.52% | 7.04% | 1.11x | 2.38x | ₩128.03 Billion |
| 2023 | 15.77% | 7.25% | 0.90x | 2.41x | ₩103.77 Billion |
| 2024 | 2.14% | 1.17% | 0.66x | 2.78x | ₩-157.25 Billion |
| 2025 | 3.07% | 1.68% | 0.62x | 2.93x | ₩-143.00 Billion |
Industry Comparison
This section compares Seah Steel Corp's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $827,686,732,168
- Average return on equity (ROE) among peers: 6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seah Steel Corp (003030) | ₩2.73 Trillion | 1.78% | 1.21x | $364.18 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 |
| Kisco Holdings (001940) | $562.00 Billion | 19.94% | 0.46x | $204.75 Million |
| 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 |
About Seah Steel Corp
SeAH Steel Holdings Corporation manufactures and sells steel products in South Korea, the United States, Japan, China, Vietnam, the United Arab Emirates, Italy, and Indonesia. It offers carbon steel pipes, stainless steel pipes, titanium tubes, and galvanized color steel sheets. SeAH Steel Holdings Corporation was founded in 1960 and is headquartered in Seoul, South Korea.