Korean Air Lines Co Ltd (003495) - Net Assets
Based on the latest financial reports, Korean Air Lines Co Ltd (003495) has net assets worth ₩11.28 Trillion KRW (≈ $7.64 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩53.31 Trillion ≈ $36.13 Billion USD) and total liabilities (₩42.04 Trillion ≈ $28.49 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 Korean Air Lines Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩11.28 Trillion |
| % of Total Assets | 21.15% |
| Annual Growth Rate | 16.18% |
| 5-Year Change | 66.9% |
| 10-Year Change | 511.36% |
| Growth Volatility | 41.79 |
Korean Air Lines Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Korean Air Lines Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Korean Air Lines Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Korean Air Lines Co Ltd (2014–2025)
The table below shows the annual net assets of Korean Air Lines Co Ltd from 2014 to 2025. For live valuation and market cap data, see Korean Air Lines Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩11.46 Trillion ≈ $7.77 Billion |
+4.52% |
| 2024-12-31 | ₩10.96 Trillion ≈ $7.43 Billion |
+11.70% |
| 2023-12-31 | ₩9.82 Trillion ≈ $6.65 Billion |
+5.63% |
| 2022-12-31 | ₩9.29 Trillion ≈ $6.30 Billion |
+35.35% |
| 2021-12-31 | ₩6.87 Trillion ≈ $4.65 Billion |
+107.31% |
| 2020-12-31 | ₩3.31 Trillion ≈ $2.24 Billion |
+19.09% |
| 2019-12-31 | ₩2.78 Trillion ≈ $1.88 Billion |
-3.94% |
| 2018-12-31 | ₩2.89 Trillion ≈ $1.96 Billion |
-22.83% |
| 2017-12-31 | ₩3.75 Trillion ≈ $2.54 Billion |
+100.13% |
| 2016-12-31 | ₩1.87 Trillion ≈ $1.27 Billion |
-25.00% |
| 2015-12-31 | ₩2.50 Trillion ≈ $1.69 Billion |
+13.53% |
| 2014-12-31 | ₩2.20 Trillion ≈ $1.49 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Korean Air Lines 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 100.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩3.95 Trillion | 36.05% |
| Other Components | ₩7.00 Trillion | 63.95% |
| Total Equity | ₩10.95 Trillion | 100.00% |
Korean Air Lines Co Ltd Competitors by Market Cap
The table below lists competitors of Korean Air Lines Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
National Tyre & Wheel Limited
F:N37
|
$16.95 Million |
|
Solid Automotive Bhd
KLSE:5242
|
$16.95 Million |
|
AIRA Factoring Public Company Limited
BK:AF
|
$16.96 Million |
|
Aelis Farma SA
PA:AELIS
|
$16.96 Million |
|
Ranix INC
KQ:317120
|
$16.93 Million |
|
Overactive Media Corp
V:OAM
|
$16.93 Million |
|
MV Oil Trust
NYSE:MVO
|
$16.91 Million |
|
Equus Total Return Closed Fund
NYSE:EQS
|
$16.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korean Air Lines Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,472,882,288,640 to 10,954,036,206,270, a change of 481,153,917,630 (4.6%).
- Net income of 779,673,735,520 contributed positively to equity growth.
- Dividend payments of 289,168,094,840 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩779.67 Billion | +7.12% |
| Dividends Paid | ₩289.17 Billion | -2.64% |
| Other Changes | ₩-9.35 Billion | -0.09% |
| Total Change | ₩- | 4.59% |
Book Value vs Market Value Analysis
This analysis compares Korean Air Lines 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: 0.76x
- 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 0.87x to 0.76x 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 | ₩25967.49 | ₩22500.00 | x |
| 2018-12-31 | ₩19831.42 | ₩22500.00 | x |
| 2019-12-31 | ₩19004.25 | ₩22500.00 | x |
| 2020-12-31 | ₩14716.30 | ₩22500.00 | x |
| 2021-12-31 | ₩19417.77 | ₩22500.00 | x |
| 2022-12-31 | ₩24426.09 | ₩22500.00 | x |
| 2023-12-31 | ₩25870.36 | ₩22500.00 | x |
| 2024-12-31 | ₩28441.87 | ₩22500.00 | x |
| 2025-12-31 | ₩29659.10 | ₩22500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korean Air Lines 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): 7.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.09%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 4.60x
- Recent ROE (7.12%) is above the historical average (-4.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -8.52% | 0.00% | 0.00x | 0.00x | ₩-489.14 Billion |
| 2014 | -30.47% | -5.33% | 0.51x | 11.25x | ₩-843.90 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 |
| 2025 | 7.12% | 3.09% | 0.50x | 4.60x | ₩-315.73 Billion |
Industry Comparison
This section compares Korean Air Lines Co Ltd's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $746,398,339,715
- Average return on equity (ROE) among peers: -86.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korean Air Lines Co Ltd (003495) | ₩11.28 Trillion | -8.52% | 3.73x | $16.94 Million |
| Korean Air Lines Co (003490) | $2.89 Trillion | -7.12% | 7.83x | $7.20 Billion |
| Asiana Airline (020560) | $1.00 Trillion | 6.11% | 5.06x | $1.04 Billion |
| Jeju Air Co Ltd (089590) | $271.93 Billion | 19.48% | 1.21x | $267.00 Million |
| T'way Air Co Ltd (091810) | $47.34 Billion | -330.04% | 14.53x | $203.90 Million |
| Jin Air Co Ltd (272450) | $98.16 Billion | -193.97% | 4.67x | $211.29 Million |
| Air Busan Co Ltd (298690) | $161.20 Billion | -13.70% | 8.01x | $132.89 Million |
About Korean Air Lines Co Ltd
Korean Airlines Co.,Ltd. provides airline services. It operates through Air Transport, Aerospace, Hotel, and Others segments. The company provides passenger and cargo transportation services and maintenance of aircraft and manufacturing of aircraft parts. It also engages in hotel, hotel management, accommodation, software development and supply, aircraft engine repair, sports and leisure services… Read more