Hyundai Steel (004020) - Net Assets
Based on the latest financial reports, Hyundai Steel (004020) has net assets worth ₩19.52 Trillion KRW (≈ $13.23 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩33.41 Trillion ≈ $22.64 Billion USD) and total liabilities (₩13.88 Trillion ≈ $9.41 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. Also explore 004020 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩19.52 Trillion |
| % of Total Assets | 58.44% |
| Annual Growth Rate | 11.75% |
| 5-Year Change | 15.82% |
| 10-Year Change | 24.57% |
| Growth Volatility | 11.88 |
Hyundai Steel - Net Assets Trend (2000–2024)
This chart illustrates how Hyundai Steel's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see 004020 stock market capitalisation.
Annual Net Assets for Hyundai Steel (2000–2024)
The table below shows the annual net assets of Hyundai Steel from 2000 to 2024. Explore how efficiently does Hyundai Steel generate cash to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩19.33 Trillion ≈ $13.10 Billion |
-0.83% |
| 2023-12-31 | ₩19.50 Trillion ≈ $13.21 Billion |
+1.92% |
| 2022-12-31 | ₩19.13 Trillion ≈ $12.96 Billion |
+4.75% |
| 2021-12-31 | ₩18.26 Trillion ≈ $12.37 Billion |
+9.39% |
| 2020-12-31 | ₩16.69 Trillion ≈ $11.31 Billion |
-3.14% |
| 2019-12-31 | ₩17.23 Trillion ≈ $11.68 Billion |
+1.24% |
| 2018-12-31 | ₩17.02 Trillion ≈ $11.54 Billion |
-0.07% |
| 2017-12-31 | ₩17.04 Trillion ≈ $11.54 Billion |
+4.11% |
| 2016-12-31 | ₩16.36 Trillion ≈ $11.09 Billion |
+5.44% |
| 2015-12-31 | ₩15.52 Trillion ≈ $10.52 Billion |
+12.34% |
| 2014-12-31 | ₩13.81 Trillion ≈ $9.36 Billion |
+3.37% |
| 2013-12-31 | ₩13.36 Trillion ≈ $9.06 Billion |
+35.95% |
| 2012-12-31 | ₩9.83 Trillion ≈ $6.66 Billion |
+7.81% |
| 2011-12-31 | ₩9.12 Trillion ≈ $6.18 Billion |
+15.55% |
| 2010-12-31 | ₩7.89 Trillion ≈ $5.35 Billion |
+17.12% |
| 2009-12-31 | ₩6.74 Trillion ≈ $4.57 Billion |
+36.53% |
| 2008-12-31 | ₩4.93 Trillion ≈ $3.34 Billion |
+17.78% |
| 2007-12-31 | ₩4.19 Trillion ≈ $2.84 Billion |
+15.44% |
| 2006-12-31 | ₩3.63 Trillion ≈ $2.46 Billion |
+15.63% |
| 2005-12-31 | ₩3.14 Trillion ≈ $2.13 Billion |
+5.56% |
| 2004-12-31 | ₩2.97 Trillion ≈ $2.02 Billion |
+22.16% |
| 2003-12-31 | ₩2.43 Trillion ≈ $1.65 Billion |
+42.67% |
| 2002-12-31 | ₩1.71 Trillion ≈ $1.16 Billion |
+9.84% |
| 2001-12-31 | ₩1.55 Trillion ≈ $1.05 Billion |
+15.58% |
| 2000-12-31 | ₩1.34 Trillion ≈ $910.79 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hyundai Steel'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 1340000243137000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩13.40 Trillion | 70.83% |
| Other Components | ₩5.52 Trillion | 29.17% |
| Total Equity | ₩18.92 Trillion | 100.00% |
Hyundai Steel Competitors by Market Cap
The table below lists competitors of Hyundai Steel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NEXI SPA (UNSP.ADR)/1
F:N0X0
|
$3.79 Billion |
|
MDA Ltd
TO:MDA
|
$3.79 Billion |
|
Cosco Shipping Development Co Ltd
SHG:601866
|
$3.80 Billion |
|
Vontobel Holding
SW:VONN
|
$3.80 Billion |
|
Independent Bank
NASDAQ:INDB
|
$3.79 Billion |
|
Broadstone Net Lease Inc
NYSE:BNL
|
$3.79 Billion |
|
Tibet Urban Development and Investment Co Ltd
SHG:600773
|
$3.79 Billion |
|
Huaihe Energy Group Co Ltd
SHG:600575
|
$3.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hyundai Steel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,100,148,562,960 to 18,918,297,285,380, a change of -181,851,277,580 (-1.0%).
- Net loss of 11,621,287,180 reduced equity.
- Dividend payments of 131,545,739,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-11.62 Billion | -0.06% |
| Dividends Paid | ₩131.55 Billion | -0.7% |
| Other Changes | ₩-38.68 Billion | -0.2% |
| Total Change | ₩- | -0.95% |
Book Value vs Market Value Analysis
This analysis compares Hyundai Steel'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: 0.30x
- 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 | ₩127336.47 | ₩42550.00 | x |
| 2018-12-31 | ₩127187.72 | ₩42550.00 | x |
| 2019-12-31 | ₩128729.29 | ₩42550.00 | x |
| 2020-12-31 | ₩124256.72 | ₩42550.00 | x |
| 2021-12-31 | ₩135835.53 | ₩42550.00 | x |
| 2022-12-31 | ₩142260.29 | ₩42550.00 | x |
| 2023-12-31 | ₩144267.77 | ₩42550.00 | x |
| 2024-12-31 | ₩143815.36 | ₩42550.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hyundai Steel 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): -0.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.05%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.84x
- Recent ROE (-0.06%) is below the historical average (8.29%), 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 | 4.75% | 2.43% | 0.59x | 3.29x | ₩-70.08 Billion |
| 2001 | 2.22% | 1.06% | 0.73x | 2.86x | ₩-120.02 Billion |
| 2002 | 9.09% | 4.19% | 0.86x | 2.51x | ₩-15.35 Billion |
| 2003 | 10.07% | 5.78% | 0.82x | 2.12x | ₩1.55 Billion |
| 2004 | 16.73% | 8.43% | 0.94x | 2.11x | ₩194.04 Billion |
| 2005 | 33.66% | 18.17% | 0.84x | 2.21x | ₩722.29 Billion |
| 2006 | 13.46% | 7.66% | 0.83x | 2.12x | ₩121.18 Billion |
| 2007 | 12.77% | 6.28% | 0.89x | 2.29x | ₩112.30 Billion |
| 2008 | 16.95% | 7.27% | 0.92x | 2.53x | ₩335.53 Billion |
| 2009 | 17.35% | 13.34% | 0.54x | 2.43x | ₩485.64 Billion |
| 2010 | 13.10% | 9.21% | 0.59x | 2.42x | ₩240.17 Billion |
| 2011 | 8.19% | 4.90% | 0.70x | 2.39x | ₩-164.75 Billion |
| 2012 | 8.10% | 5.63% | 0.62x | 2.33x | ₩-186.70 Billion |
| 2013 | 5.25% | 5.11% | 0.46x | 2.24x | ₩-627.06 Billion |
| 2014 | 5.61% | 4.56% | 0.58x | 2.12x | ₩-597.63 Billion |
| 2015 | 4.81% | 4.55% | 0.51x | 2.10x | ₩-790.58 Billion |
| 2016 | 5.09% | 4.91% | 0.52x | 2.02x | ₩-788.28 Billion |
| 2017 | 4.28% | 3.74% | 0.57x | 2.00x | ₩-955.46 Billion |
| 2018 | 2.39% | 1.92% | 0.62x | 1.99x | ₩-1.27 Trillion |
| 2019 | 0.10% | 0.08% | 0.60x | 2.03x | ₩-1.67 Trillion |
| 2020 | -2.63% | -2.39% | 0.52x | 2.13x | ₩-2.06 Trillion |
| 2021 | 8.18% | 6.40% | 0.62x | 2.07x | ₩-325.44 Billion |
| 2022 | 5.44% | 3.72% | 0.74x | 1.97x | ₩-853.78 Billion |
| 2023 | 2.41% | 1.78% | 0.74x | 1.84x | ₩-1.45 Trillion |
| 2024 | -0.06% | -0.05% | 0.67x | 1.84x | ₩-1.90 Trillion |
Industry Comparison
This section compares Hyundai Steel's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $657,187,797,778
- Average return on equity (ROE) among peers: -6.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hyundai Steel (004020) | ₩19.52 Trillion | 4.75% | 0.71x | $3.79 Billion |
| Korea Cast Pip (000970) | $255.10 Billion | 9.57% | 0.31x | $107.15 Million |
| Manho Rope&Wir (001080) | $230.39 Billion | 0.46% | 0.08x | $12.22 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $1.93 Trillion | 23.34% | 1.88x | $240.28 Million |
| SeAH Bestee (001430) | $1.71 Trillion | -14.35% | 0.91x | $1.83 Billion |
| Kisco Holdings (001940) | $562.00 Billion | 19.94% | 0.46x | $231.09 Million |
| Hanil Iron & S (002220) | $267.37 Billion | 0.99% | 1.07x | $86.32 Million |
| Kis Wire (002240) | $937.96 Billion | 8.43% | 0.51x | $469.97 Million |
| Dong Il Steel MFG Co Ltd (002690) | $128.43 Billion | 5.12% | 0.13x | $22.23 Million |
| Tcc Steel (002710) | $86.01 Billion | -127.34% | 3.38x | $350.50 Million |
| Seah Steel Corp (003030) | $457.02 Billion | 4.19% | 1.10x | $657.16 Million |
About Hyundai Steel
Hyundai Steel Company, together with its subsidiaries, engages in the manufacture and sale of steel and other industrial metal products in Korea, rest of Asia, the United States, and Europe. The company offers hot and cold rolled steel sheets, steel and heavy plates, ERW and steel pipes, reinforcing bars, special steel bars, heavy machinery, wire rods, and automotive parts, as well as tailor weld… Read more