Hanshin Const (004960) - Net Assets

Latest as of March 2026: ₩852.90 Billion KRW ≈ $578.00 Million USD

Based on the latest financial reports, Hanshin Const (004960) has net assets worth ₩852.90 Billion KRW (≈ $578.00 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩2.24 Trillion ≈ $1.51 Billion USD) and total liabilities (₩1.38 Trillion ≈ $936.68 Million 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 Hanshin Const total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩852.90 Billion
% of Total Assets	38.16%
Annual Growth Rate	7.12%
5-Year Change	24.15%
10-Year Change	213.85%
Growth Volatility	17.75

Hanshin Const - Net Assets Trend (2011–2025)

This chart illustrates how Hanshin Const's net assets have evolved over time, based on quarterly financial data. Check Hanshin Const (004960) tangible net worth to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Hanshin Const (2011–2025)

The table below shows the annual net assets of Hanshin Const from 2011 to 2025. For live valuation and market cap data, see 004960 market cap overview.

Year	Net Assets	Change
2025-12-31	₩841.47 Billion ≈ $570.25 Million	+7.70%
2024-12-31	₩781.32 Billion ≈ $529.49 Million	+3.77%
2023-12-31	₩752.93 Billion ≈ $510.25 Million	+3.60%
2022-12-31	₩726.74 Billion ≈ $492.50 Million	+7.23%
2021-12-31	₩677.76 Billion ≈ $459.31 Million	+9.17%
2020-12-31	₩620.80 Billion ≈ $420.71 Million	+20.83%
2019-12-31	₩513.79 Billion ≈ $348.19 Million	+15.19%
2018-12-31	₩446.04 Billion ≈ $302.27 Million	+26.97%
2017-12-31	₩351.28 Billion ≈ $238.06 Million	+31.02%
2016-12-31	₩268.11 Billion ≈ $181.70 Million	+14.83%
2015-12-31	₩233.49 Billion ≈ $158.23 Million	+27.76%
2014-12-31	₩182.76 Billion ≈ $123.85 Million	-44.34%
2013-12-31	₩328.36 Billion ≈ $222.52 Million	-1.15%
2012-12-31	₩332.18 Billion ≈ $225.11 Million	+3.38%
2011-12-31	₩321.33 Billion ≈ $217.76 Million	--

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 151.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩661.38 Billion	79.04%
Other Components	₩175.38 Billion	20.96%
Total Equity	₩836.75 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
Cps Technologies NASDAQ:CPSH	$75.53 Million
PVP Ventures Limited NSE:PVP	$75.56 Million
P.A. Resources Bhd KLSE:7225	$75.56 Million
Münchener Tierpark Hellabrunn AG MU:MTP	$75.60 Million
Case Group AB ST:CASE	$75.51 Million
Rani Therapeutics Holdings Inc NASDAQ:RANI	$75.50 Million
Invictus Energy Ltd AU:IVZ	$75.50 Million
Fortune Parts Industry Public Company Limited BK:FPI	$75.46 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 2024 to 2025, total equity changed from 773,784,376,190 to 836,752,549,440, a change of 62,968,173,250 (8.1%).
Net income of 59,867,181,560 contributed positively to equity growth.
Dividend payments of 1,157,552,300 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩59.87 Billion	+7.15%
Dividends Paid	₩1.16 Billion	-0.14%
Other Changes	₩4.26 Billion	+0.51%
Total Change	₩-	8.14%

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: 0.13x
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 0.13x 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	₩9630.00	x
2018-12-31	₩37966.15	₩9630.00	x
2019-12-31	₩43706.56	₩9630.00	x
2020-12-31	₩52884.83	₩9630.00	x
2021-12-31	₩58015.88	₩9630.00	x
2022-12-31	₩63050.36	₩9630.00	x
2023-12-31	₩66061.02	₩9630.00	x
2024-12-31	₩66874.45	₩9630.00	x
2025-12-31	₩72316.49	₩9630.00	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): 7.15%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.21%
• Asset Turnover: 0.52x
• Equity Multiplier: 2.64x
Recent ROE (7.15%) is above the historical average (5.91%), indicating improving 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
2025	7.15%	5.21%	0.52x	2.64x	₩-23.81 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: $1,437,279,218,729
Average return on equity (ROE) among peers: 5.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hanshin Const (004960)	₩852.90 Billion	4.35%	1.62x	$75.51 Million
Hyundai Engineering & Construction (000720)	$4.36 Trillion	14.56%	1.72x	$7.14 Billion
Hyundai Engineering & Construction Co Ltd (000725)	$8.71 Trillion	4.68%	1.09x	$33.41 Million
Nam Kwang Cons (001260)	$43.31 Billion	3.93%	2.84x	$48.13 Million
Sambu Const (001470)	$200.58 Billion	3.70%	1.10x	$54.01 Million
Dohwa Engin (002150)	$266.93 Billion	5.62%	0.87x	$110.34 Million
Bumyang Construction Co Ltd (002410)	$2.30 Billion	0.00%	128.08x	$36.03 Million
Hwa Sung Ind (002460)	$416.98 Billion	7.16%	0.94x	$69.79 Million
Chin Hung Int' (002780)	$106.35 Billion	0.00%	4.08x	$77.06 Million
Chinhung International Inc (002785)	$267.89 Billion	16.91%	1.14x	$830.07K
Chinhung International Inc. Pfd. Series 2 (002787)	$-10.01 Billion	0.00%	0.00x	$626.33K

About Hanshin Const

KO:004960 Korea Engineering & Construction

Market Cap

$75.51 Million

₩111.43 Billion KRW

Market Cap Rank

#20209 Global

#1043 in Korea

Share Price

₩9630.00

Change (1 day)

+5.94%

52-Week Range

₩7460.00 - ₩17730.00

All Time High

₩26848.74