Hanshin Const
HANSHIN Engineering & Construction Co., Ltd. operates as a general construction company in South Korea and internationally. The company constructs housings works, that include apartments; building works; civil works; electricity/plant works; and various projects, including residential houses, office buildings, mixed-use complexes, sports centers, highways, etc. HANSHIN Engineering & Construction … Read more
Hanshin Const (004960) - Net Assets
Latest net assets as of September 2025: ₩813.03 Billion KRW
Based on the latest financial reports, Hanshin Const (004960) has net assets worth ₩813.03 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 (₩2.27 Trillion) and total liabilities (₩1.45 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 | ₩813.03 Billion |
| % of Total Assets | 35.87% |
| Annual Growth Rate | 7.07% |
| 5-Year Change | 25.86% |
| 10-Year Change | 234.63% |
| Growth Volatility | 18.42 |
Hanshin Const - Net Assets Trend (2011–2024)
This chart illustrates how Hanshin Const's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hanshin Const (2011–2024)
The table below shows the annual net assets of Hanshin Const from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩781.32 Billion | +3.77% |
| 2023-12-31 | ₩752.93 Billion | +3.60% |
| 2022-12-31 | ₩726.74 Billion | +7.23% |
| 2021-12-31 | ₩677.76 Billion | +9.17% |
| 2020-12-31 | ₩620.80 Billion | +20.83% |
| 2019-12-31 | ₩513.79 Billion | +15.19% |
| 2018-12-31 | ₩446.04 Billion | +26.97% |
| 2017-12-31 | ₩351.28 Billion | +31.02% |
| 2016-12-31 | ₩268.11 Billion | +14.83% |
| 2015-12-31 | ₩233.49 Billion | +27.76% |
| 2014-12-31 | ₩182.76 Billion | -44.34% |
| 2013-12-31 | ₩328.36 Billion | -1.15% |
| 2012-12-31 | ₩332.18 Billion | +3.38% |
| 2011-12-31 | ₩321.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanshin Const'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 129.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩603.86 Billion | 78.04% |
| Other Components | ₩169.92 Billion | 21.96% |
| Total Equity | ₩773.78 Billion | 100.00% |
Hanshin Const Competitors by Market Cap
The table below lists competitors of Hanshin Const ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiwan Line Tek Electronic Co Ltd
TW:2462
|
$64.46 Million |
|
K Laser Technology Inc
TW:2461
|
$64.46 Million |
|
Phytohealth Corp
TW:4108
|
$64.47 Million |
|
Ten Sixty Four Ltd
AU:X64
|
$64.47 Million |
|
Cash Converters International
AU:CCV
|
$64.44 Million |
|
ORDERYOYO A/S DK -01
F:7AF
|
$64.43 Million |
|
Bertrandt Aktiengesellschaft
XETRA:BDT
|
$64.43 Million |
|
Stove Kraft Limited
NSE:STOVEKRAFT
|
$64.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanshin Const's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 764,372,405,080 to 773,784,376,190, a change of 9,411,971,110 (1.2%).
- Net income of 6,860,873,770 contributed positively to equity growth.
- Dividend payments of 1,157,552,300 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩6.86 Billion | +0.89% |
| Dividends Paid | ₩1.16 Billion | -0.15% |
| Other Changes | ₩3.71 Billion | +0.48% |
| Total Change | ₩- | 1.23% |
Book Value vs Market Value Analysis
This analysis compares Hanshin Const'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 0.41x 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 | ₩31759.10 | ₩12900.00 | x |
| 2018-12-31 | ₩37966.15 | ₩12900.00 | x |
| 2019-12-31 | ₩43706.56 | ₩12900.00 | x |
| 2020-12-31 | ₩52884.83 | ₩12900.00 | x |
| 2021-12-31 | ₩58015.88 | ₩12900.00 | x |
| 2022-12-31 | ₩63050.36 | ₩12900.00 | x |
| 2023-12-31 | ₩66061.02 | ₩12900.00 | x |
| 2024-12-31 | ₩66874.45 | ₩12900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanshin Const 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): 0.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.46%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 3.00x
- Recent ROE (0.89%) is below the historical average (5.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 4.35% | 1.65% | 0.66x | 4.02x | ₩-18.16 Billion |
| 2012 | 4.95% | 1.73% | 0.62x | 4.63x | ₩-16.38 Billion |
| 2013 | 4.33% | 1.01% | 0.91x | 4.75x | ₩-18.27 Billion |
| 2014 | -58.89% | -9.62% | 0.81x | 7.53x | ₩-122.78 Billion |
| 2015 | 9.01% | 1.52% | 0.89x | 6.70x | ₩-2.26 Billion |
| 2016 | 10.09% | 1.50% | 1.14x | 5.91x | ₩229.62 Million |
| 2017 | 20.79% | 3.63% | 1.04x | 5.51x | ₩37.35 Billion |
| 2018 | 36.91% | 7.57% | 1.20x | 4.05x | ₩118.20 Billion |
| 2019 | 14.21% | 4.43% | 0.98x | 3.26x | ₩21.30 Billion |
| 2020 | 17.31% | 6.80% | 0.90x | 2.83x | ₩44.73 Billion |
| 2021 | 7.22% | 3.69% | 0.62x | 3.16x | ₩-18.68 Billion |
| 2022 | 6.23% | 3.72% | 0.52x | 3.22x | ₩-27.50 Billion |
| 2023 | 4.17% | 2.44% | 0.53x | 3.23x | ₩-44.54 Billion |
| 2024 | 0.89% | 0.46% | 0.64x | 3.00x | ₩-70.52 Billion |
Industry Comparison
This section compares Hanshin Const's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $210,025,499,552
- Average return on equity (ROE) among peers: -156.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanshin Const (004960) | ₩813.03 Billion | 4.35% | 1.79x | $64.46 Million |
| Hyundai Engineering & Construction (000720) | $743.93 Billion | 10.45% | 5.60x | $4.83 Billion |
| Nam Kwang Cons (001260) | $66.30 Billion | 20.76% | 2.08x | $21.76 Million |
| Sambu Const (001470) | $7.67 Billion | -1665.61% | 38.17x | $52.59 Million |
| EE-HWA Construction Co. Ltd (001840) | $42.16 Billion | 3.35% | 0.94x | $11.71 Million |
| Dohwa Engin (002150) | $248.74 Billion | 5.55% | 0.51x | $63.10 Million |
| Bumyang Construction Co Ltd (002410) | $197.87 Billion | 1.56% | 1.59x | $28.08 Million |
| Hwa Sung Ind (002460) | $222.16 Billion | 11.63% | 1.93x | $48.66 Million |
| Chin Hung Int' (002780) | $78.80 Billion | 7.68% | 3.65x | $41.03 Million |
| Chinhung International Inc (002785) | $224.73 Billion | 22.05% | 1.01x | $172.54 Million |
| Chinhung International Inc. Pfd. Series 2 (002787) | $267.89 Billion | 16.91% | 1.14x | $432.23 Million |