Heung-A Shipping Co. Ltd.
Heung-A Shipping Co.,Ltd. operates as a marine shipping agency in Korea and internationally. The company also provides container liner and chemical tanker services. It operates through a fleet of chemical tanker ships. The company was founded in 1961 and is headquartered in Seoul, South Korea.
Heung-A Shipping Co. Ltd. (003280) - Net Assets
Latest net assets as of September 2025: ₩233.23 Billion KRW
Based on the latest financial reports, Heung-A Shipping Co. Ltd. (003280) has net assets worth ₩233.23 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 (₩426.28 Billion) and total liabilities (₩193.05 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 | ₩233.23 Billion |
| % of Total Assets | 54.71% |
| Annual Growth Rate | 8.35% |
| 5-Year Change | N/A |
| 10-Year Change | 35.22% |
| Growth Volatility | 72.05 |
Heung-A Shipping Co. Ltd. - Net Assets Trend (2000–2024)
This chart illustrates how Heung-A Shipping Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Heung-A Shipping Co. Ltd. (2000–2024)
The table below shows the annual net assets of Heung-A Shipping Co. Ltd. from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩234.04 Billion | +37.09% |
| 2023-12-31 | ₩170.71 Billion | +26.17% |
| 2022-12-31 | ₩135.30 Billion | +31.44% |
| 2021-12-31 | ₩102.94 Billion | +975.14% |
| 2020-12-31 | ₩-11.76 Billion | -138.04% |
| 2019-12-31 | ₩30.92 Billion | -57.73% |
| 2018-12-31 | ₩73.15 Billion | -37.42% |
| 2017-12-31 | ₩116.88 Billion | -39.28% |
| 2016-12-31 | ₩192.49 Billion | +11.22% |
| 2015-12-31 | ₩173.08 Billion | +3.39% |
| 2014-12-31 | ₩167.40 Billion | +7.76% |
| 2013-12-31 | ₩155.35 Billion | +24.61% |
| 2012-12-31 | ₩124.67 Billion | +10.07% |
| 2011-12-31 | ₩113.26 Billion | -48.59% |
| 2010-12-31 | ₩220.29 Billion | +46.69% |
| 2009-12-31 | ₩150.17 Billion | +24.35% |
| 2008-12-31 | ₩120.76 Billion | +37.55% |
| 2007-12-31 | ₩87.80 Billion | -1.87% |
| 2006-12-31 | ₩89.47 Billion | -1.66% |
| 2005-12-31 | ₩90.98 Billion | +20.68% |
| 2004-12-31 | ₩75.39 Billion | +128.38% |
| 2003-12-31 | ₩33.01 Billion | +3.44% |
| 2002-12-31 | ₩31.91 Billion | +253.70% |
| 2001-12-31 | ₩9.02 Billion | -73.57% |
| 2000-12-31 | ₩34.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heung-A Shipping Co. Ltd.'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 1573113689000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩15.73 Billion | 6.89% |
| Other Components | ₩212.60 Billion | 93.11% |
| Total Equity | ₩228.33 Billion | 100.00% |
Heung-A Shipping Co. Ltd. Competitors by Market Cap
The table below lists competitors of Heung-A Shipping Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CRICUT INC. CL.A DL-001
F:398
|
$162.31 Million |
|
SOS Lab
KQ:464080
|
$162.31 Million |
|
Fortnox AB
ST:FNOX
|
$162.31 Million |
|
Fras-le S.A
SA:FRAS3
|
$162.34 Million |
|
Healthco Healthcare and Wellness REIT
AU:HCW
|
$162.30 Million |
|
Zota Health Care LImited
NSE:ZOTA
|
$162.20 Million |
|
Leysen Jewellery Inc
SHG:603900
|
$162.11 Million |
|
Uniper SE
PINK:UNPRF
|
$162.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heung-A Shipping Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 165,870,210,910 to 228,328,123,070, a change of 62,457,912,160 (37.7%).
- Net income of 39,585,171,440 contributed positively to equity growth.
- Dividend payments of 90,000,000 reduced retained earnings.
- Other factors increased equity by 22,962,740,720.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩39.59 Billion | +17.34% |
| Dividends Paid | ₩90.00 Million | -0.04% |
| Other Changes | ₩22.96 Billion | +10.06% |
| Total Change | ₩- | 37.65% |
Book Value vs Market Value Analysis
This analysis compares Heung-A Shipping Co. Ltd.'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: 3.56x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.72x to 3.56x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩1969.94 | ₩3385.00 | x |
| 2018-12-31 | ₩894.09 | ₩3385.00 | x |
| 2019-12-31 | ₩277.31 | ₩3385.00 | x |
| 2020-12-31 | ₩-101.30 | ₩3385.00 | x |
| 2021-12-31 | ₩428.44 | ₩3385.00 | x |
| 2022-12-31 | ₩543.89 | ₩3385.00 | x |
| 2023-12-31 | ₩690.36 | ₩3385.00 | x |
| 2024-12-31 | ₩950.32 | ₩3385.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heung-A Shipping Co. Ltd. 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): 17.34%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.06%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.94x
- Recent ROE (17.34%) is above the historical average (-4.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 77.78% | 2.77% | 1.57x | 17.90x | ₩12.22 Billion |
| 2004 | 52.44% | 4.70% | 1.75x | 6.38x | ₩24.58 Billion |
| 2005 | 24.65% | 2.67% | 1.59x | 5.80x | ₩10.58 Billion |
| 2010 | 7.57% | 1.12% | 1.06x | 6.36x | ₩-2.99 Billion |
| 2012 | 12.37% | 2.12% | 1.36x | 4.28x | ₩2.95 Billion |
| 2013 | 11.69% | 2.36% | 1.35x | 3.68x | ₩2.62 Billion |
| 2014 | 10.96% | 2.22% | 1.27x | 3.88x | ₩1.61 Billion |
| 2015 | 6.08% | 1.24% | 1.07x | 4.57x | ₩-6.79 Billion |
| 2016 | -8.92% | -2.06% | 0.87x | 4.98x | ₩-36.42 Billion |
| 2017 | -62.88% | -8.79% | 0.99x | 7.26x | ₩-85.19 Billion |
| 2018 | -118.31% | -11.48% | 0.94x | 10.99x | ₩-93.85 Billion |
| 2019 | -166.10% | -50.27% | 0.24x | 13.94x | ₩-54.45 Billion |
| 2020 | 0.00% | -40.88% | 0.30x | 0.00x | ₩-35.18 Billion |
| 2021 | 15.97% | 20.11% | 0.33x | 2.40x | ₩6.14 Billion |
| 2022 | 17.35% | 12.75% | 0.56x | 2.43x | ₩9.61 Billion |
| 2023 | 20.58% | 20.71% | 0.51x | 1.96x | ₩17.55 Billion |
| 2024 | 17.34% | 21.06% | 0.42x | 1.94x | ₩16.75 Billion |
Industry Comparison
This section compares Heung-A Shipping Co. Ltd.'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $1,404,146,927,114
- Average return on equity (ROE) among peers: 6.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heung-A Shipping Co. Ltd. (003280) | ₩233.23 Billion | 77.78% | 0.83x | $162.31 Million |
| Eusu Holdings (000700) | $328.60 Billion | 1.24% | 0.59x | $40.44 Million |
| Korea Line (005880) | $404.03 Billion | 95.01% | 2.03x | $267.14 Million |
| Hyundai Mipo Dockyard (010620) | $3.24 Trillion | -7.34% | 2.16x | $3.49 Billion |
| HMM Co Ltd (011200) | $1.04 Trillion | -76.06% | 2.96x | $4.30 Billion |
| Pan Ocean Co Ltd (028670) | $4.49 Trillion | 15.07% | 0.68x | $843.96 Million |
| Kss Line (044450) | $160.75 Billion | 16.41% | 1.11x | $91.07 Million |
| Sejin Heavy Industries Co Ltd (075580) | $162.33 Billion | 1.46% | 1.52x | $271.25 Million |