Daehan Synthet
Daehan Synthetic Fiber Co., Ltd. manufactures and sells polyester yarns in South Korea and internationally. The company offers specialty and regular polyester yarns. It sells its products under the Acepora brand. Daehan Synthetic Fiber Co., Ltd. was founded in 1963 and is headquartered in Seoul, South Korea.
Daehan Synthet (003830) - Net Assets
Latest net assets as of September 2025: ₩692.28 Billion KRW
Based on the latest financial reports, Daehan Synthet (003830) has net assets worth ₩692.28 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 (₩812.49 Billion) and total liabilities (₩120.21 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 | ₩692.28 Billion |
| % of Total Assets | 85.2% |
| Annual Growth Rate | 5.14% |
| 5-Year Change | 13.76% |
| 10-Year Change | 66.96% |
| Growth Volatility | 8.47 |
Daehan Synthet - Net Assets Trend (2013–2024)
This chart illustrates how Daehan Synthet's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Daehan Synthet (2013–2024)
The table below shows the annual net assets of Daehan Synthet from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩690.75 Billion | -3.68% |
| 2023-12-31 | ₩717.12 Billion | +0.44% |
| 2022-12-31 | ₩713.98 Billion | -3.78% |
| 2021-12-31 | ₩742.05 Billion | +22.21% |
| 2020-12-31 | ₩607.21 Billion | +13.84% |
| 2019-12-31 | ₩533.41 Billion | +7.01% |
| 2018-12-31 | ₩498.47 Billion | +6.32% |
| 2017-12-31 | ₩468.84 Billion | +17.11% |
| 2016-12-31 | ₩400.36 Billion | -3.23% |
| 2015-12-31 | ₩413.71 Billion | +0.19% |
| 2014-12-31 | ₩412.94 Billion | +3.73% |
| 2013-12-31 | ₩398.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Daehan Synthet'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 282.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩504.32 Billion | 73.01% |
| Other Components | ₩186.44 Billion | 26.99% |
| Total Equity | ₩690.75 Billion | 100.00% |
Daehan Synthet Competitors by Market Cap
The table below lists competitors of Daehan Synthet ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alx Oncology Holdings
NASDAQ:ALXO
|
$27.67 Million |
|
KTBST Mixed Leasehold Real Estate Investment Trust
BK:KTBSTMR
|
$27.67 Million |
|
Instil Bio Inc.
NASDAQ:TIL
|
$27.67 Million |
|
Capita PLC
PINK:CTAGF
|
$27.67 Million |
|
Siili Solutions Oyj
HE:SIILI
|
$27.65 Million |
|
Adveritas Ltd
AU:AV1
|
$27.64 Million |
|
Grupo Media Capital SGPS S.A
MU:GQV
|
$27.64 Million |
|
INSPIREMD 1/18 DL-0001
F:II2
|
$27.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daehan Synthet's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 717,116,739,410 to 690,751,692,610, a change of -26,365,046,800 (-3.7%).
- Net loss of 2,494,580,180 reduced equity.
- Dividend payments of 842,741,590 reduced retained earnings.
- Share repurchases of 4,962,535,900 reduced equity.
- Other factors decreased equity by 18,065,189,130.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.49 Billion | -0.36% |
| Dividends Paid | ₩842.74 Million | -0.12% |
| Share Repurchases | ₩4.96 Billion | -0.72% |
| Other Changes | ₩-18.07 Billion | -2.62% |
| Total Change | ₩- | -3.68% |
Book Value vs Market Value Analysis
This analysis compares Daehan Synthet'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: 0.19x
- 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 0.30x to 0.19x 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 | ₩417377.16 | ₩123400.00 | x |
| 2018-12-31 | ₩443749.39 | ₩123400.00 | x |
| 2019-12-31 | ₩474853.82 | ₩123400.00 | x |
| 2020-12-31 | ₩540554.05 | ₩123400.00 | x |
| 2021-12-31 | ₩660594.21 | ₩123400.00 | x |
| 2022-12-31 | ₩635610.69 | ₩123400.00 | x |
| 2023-12-31 | ₩638398.96 | ₩123400.00 | x |
| 2024-12-31 | ₩638753.93 | ₩123400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daehan Synthet 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): -0.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.02%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.19x
- Recent ROE (-0.36%) is below the historical average (2.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 1.26% | 2.32% | 0.43x | 1.27x | ₩-34.78 Billion |
| 2014 | -3.54% | -10.22% | 0.27x | 1.27x | ₩-55.91 Billion |
| 2015 | -3.78% | -11.54% | 0.26x | 1.25x | ₩-57.00 Billion |
| 2016 | 3.83% | 14.66% | 0.22x | 1.21x | ₩-24.70 Billion |
| 2017 | 4.35% | 18.41% | 0.20x | 1.19x | ₩-26.47 Billion |
| 2018 | 8.88% | 41.10% | 0.18x | 1.17x | ₩-5.60 Billion |
| 2019 | 4.22% | 19.71% | 0.19x | 1.14x | ₩-30.82 Billion |
| 2020 | 2.67% | 18.65% | 0.12x | 1.19x | ₩-44.52 Billion |
| 2021 | 3.29% | 20.77% | 0.13x | 1.22x | ₩-49.83 Billion |
| 2022 | 4.68% | 22.17% | 0.18x | 1.17x | ₩-37.96 Billion |
| 2023 | 1.45% | 7.76% | 0.16x | 1.20x | ₩-61.28 Billion |
| 2024 | -0.36% | -2.02% | 0.15x | 1.19x | ₩-71.57 Billion |
Industry Comparison
This section compares Daehan Synthet's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $246,735,815,360
- Average return on equity (ROE) among peers: -0.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daehan Synthet (003830) | ₩692.28 Billion | 1.26% | 0.17x | $27.66 Million |
| Kyungbangco.Ltd (000050) | $741.93 Billion | 1.76% | 0.70x | $50.48 Million |
| Chonbang (000950) | $155.64 Billion | 1.69% | 0.95x | $24.13 Million |
| Silla Textile Co.Ltd (001000) | $13.37 Billion | -20.43% | 1.52x | $8.50 Million |
| Taihan Textile (001070) | $132.34 Billion | 0.84% | 0.40x | $8.71 Million |
| DI Dong Il Corp (001530) | $561.11 Billion | 0.00% | 0.64x | $232.14 Million |
| Ilshin Spinnin (003200) | $306.82 Billion | 2.19% | 0.49x | $77.92 Million |
| Pang Rim Spinn (003610) | $180.57 Billion | 3.72% | 0.27x | $56.13 Million |
| Duksung (004830) | $65.34 Billion | 0.80% | 0.61x | $35.90 Million |
| Duksung Co Ltd (004835) | $63.50 Billion | 0.82% | 0.53x | $46.93 Million |