Korean Air Lines Co
Korean Airlines Co.,Ltd. provides airline services. The company operates through Air Transport, Aerospace, and Hotel and Others segments. It offers passenger and cargo transportation service. In addition, the company engages in the maintenance of aircraft and manufacture of aircraft parts. Further, it offers hotel, accommodation, hotel management, airport support and engine repair, rental, sports… Read more
Korean Air Lines Co (003490) - Net Assets
Latest net assets as of September 2025: ₩11.27 Trillion KRW
Based on the latest financial reports, Korean Air Lines Co (003490) has net assets worth ₩11.27 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩48.75 Trillion) and total liabilities (₩37.48 Trillion). 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 | ₩11.27 Trillion |
| % of Total Assets | 23.12% |
| Annual Growth Rate | 4.21% |
| 5-Year Change | 231.04% |
| 10-Year Change | 338.7% |
| Growth Volatility | 33.08 |
Korean Air Lines Co - Net Assets Trend (2000–2024)
This chart illustrates how Korean Air Lines Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korean Air Lines Co (2000–2024)
The table below shows the annual net assets of Korean Air Lines Co from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩10.96 Trillion | +11.70% |
| 2023-12-31 | ₩9.82 Trillion | +5.63% |
| 2022-12-31 | ₩9.29 Trillion | +35.35% |
| 2021-12-31 | ₩6.87 Trillion | +107.31% |
| 2020-12-31 | ₩3.31 Trillion | +19.09% |
| 2019-12-31 | ₩2.78 Trillion | -3.94% |
| 2018-12-31 | ₩2.89 Trillion | -22.83% |
| 2017-12-31 | ₩3.75 Trillion | +100.13% |
| 2016-12-31 | ₩1.87 Trillion | -25.00% |
| 2015-12-31 | ₩2.50 Trillion | +13.53% |
| 2014-12-31 | ₩2.20 Trillion | -19.67% |
| 2013-12-31 | ₩2.74 Trillion | -5.65% |
| 2012-12-31 | ₩2.90 Trillion | +4.89% |
| 2011-12-31 | ₩2.77 Trillion | -31.03% |
| 2010-12-31 | ₩4.01 Trillion | +13.12% |
| 2009-12-31 | ₩3.55 Trillion | +6.99% |
| 2008-12-31 | ₩3.32 Trillion | -30.97% |
| 2007-12-31 | ₩4.81 Trillion | +4.20% |
| 2006-12-31 | ₩4.61 Trillion | +8.32% |
| 2005-12-31 | ₩4.26 Trillion | +5.98% |
| 2004-12-31 | ₩4.02 Trillion | +15.18% |
| 2003-12-31 | ₩3.49 Trillion | -0.84% |
| 2002-12-31 | ₩3.52 Trillion | +3.77% |
| 2001-12-31 | ₩3.39 Trillion | -16.89% |
| 2000-12-31 | ₩4.08 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korean Air Lines Co'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 13550.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩3.49 Trillion | 33.28% |
| Other Components | ₩6.99 Trillion | 66.72% |
| Total Equity | ₩10.47 Trillion | 100.00% |
Korean Air Lines Co Competitors by Market Cap
The table below lists competitors of Korean Air Lines Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tele2 AB
PINK:TLTZY
|
$4.48 Billion |
|
Macy’s Inc
NYSE:M
|
$4.48 Billion |
|
Belden Inc
NYSE:BDC
|
$4.48 Billion |
|
Axos Financial Inc
NYSE:AX
|
$4.49 Billion |
|
HDLMY
PINK:HDLMY
|
$4.48 Billion |
|
SM Prime Holdings Inc
PINK:SPHXF
|
$4.48 Billion |
|
Alaska Air Group Inc
NYSE:ALK
|
$4.48 Billion |
|
MOL PLC
WAR:MOL
|
$4.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korean Air Lines Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,525,999,087,610 to 10,472,882,288,640, a change of 946,883,201,030 (9.9%).
- Net income of 1,317,261,688,930 contributed positively to equity growth.
- Dividend payments of 278,229,104,870 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.32 Trillion | +12.58% |
| Dividends Paid | ₩278.23 Billion | -2.66% |
| Other Changes | ₩-92.15 Billion | -0.88% |
| Total Change | ₩- | 9.94% |
Book Value vs Market Value Analysis
This analysis compares Korean Air Lines Co'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: 0.87x
- 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 | ₩25967.49 | ₩24850.00 | x |
| 2018-12-31 | ₩19831.42 | ₩24850.00 | x |
| 2019-12-31 | ₩19004.25 | ₩24850.00 | x |
| 2020-12-31 | ₩14716.30 | ₩24850.00 | x |
| 2021-12-31 | ₩19417.77 | ₩24850.00 | x |
| 2022-12-31 | ₩24426.09 | ₩24850.00 | x |
| 2023-12-31 | ₩25870.36 | ₩24850.00 | x |
| 2024-12-31 | ₩28441.87 | ₩24850.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korean Air Lines Co 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): 12.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.37%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 4.49x
- Recent ROE (12.58%) is above the historical average (-0.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 2.72% | 1.46% | 0.44x | 4.22x | ₩-251.70 Billion |
| 2004 | 12.69% | 6.67% | 0.51x | 3.73x | ₩105.02 Billion |
| 2005 | 4.63% | 2.39% | 0.55x | 3.55x | ₩-216.25 Billion |
| 2006 | 8.31% | 4.36% | 0.58x | 3.27x | ₩-73.94 Billion |
| 2007 | 0.28% | 0.14% | 0.53x | 3.90x | ₩-427.16 Billion |
| 2010 | 13.20% | 3.91% | 0.60x | 5.65x | ₩111.80 Billion |
| 2012 | 9.46% | 1.95% | 0.55x | 8.76x | ₩-14.11 Billion |
| 2013 | -8.50% | -1.90% | 0.52x | 8.66x | ₩-489.69 Billion |
| 2014 | -30.39% | -5.33% | 0.51x | 11.22x | ₩-844.45 Billion |
| 2015 | -23.72% | -4.89% | 0.48x | 10.15x | ₩-803.13 Billion |
| 2016 | -32.08% | -4.81% | 0.49x | 13.61x | ₩-740.95 Billion |
| 2017 | 21.81% | 6.55% | 0.49x | 6.79x | ₩428.57 Billion |
| 2018 | -7.43% | -1.58% | 0.51x | 9.23x | ₩-483.22 Billion |
| 2019 | -23.68% | -4.96% | 0.47x | 10.17x | ₩-894.70 Billion |
| 2020 | -6.60% | -2.78% | 0.30x | 7.86x | ₩-532.20 Billion |
| 2021 | 8.55% | 6.41% | 0.34x | 3.95x | ₩-97.71 Billion |
| 2022 | 19.22% | 12.26% | 0.49x | 3.22x | ₩828.94 Billion |
| 2023 | 11.14% | 6.59% | 0.53x | 3.19x | ₩108.57 Billion |
| 2024 | 12.58% | 7.37% | 0.38x | 4.49x | ₩269.97 Billion |
Industry Comparison
This section compares Korean Air Lines Co's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $343,826,395,478
- Average return on equity (ROE) among peers: -25.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korean Air Lines Co (003490) | ₩11.27 Trillion | 2.72% | 3.33x | $4.48 Billion |
| Asiana Airline (020560) | $810.35 Billion | 14.06% | 15.06x | $247.32 Million |
| Jeju Air Co Ltd (089590) | $306.62 Billion | -56.70% | 4.43x | $129.67 Million |
| T'way Air Co Ltd (091810) | $225.71 Billion | 16.78% | 0.91x | $55.09 Million |
| Jin Air Co Ltd (272450) | $266.19 Billion | 16.71% | 0.95x | $50.72 Million |
| Air Busan Co Ltd (298690) | $110.27 Billion | -116.51% | 8.38x | $20.17 Million |