Korea Line

KO:005880 Korea Marine Shipping
Market Cap
$522.41 Million
₩764.91 Billion KRW
Market Cap Rank
#13451 Global
#355 in Korea
Share Price
₩2370.00
Change (1 day)
-5.77%
52-Week Range
₩1378.00 - ₩2820.00
All Time High
₩3670.00
Categories
Companies in Korea Marine Shipping
About

Korea Line Corporation engages in the provision of merchant carrier services for energy resources in marine transportation industry worldwide. The company provides dedicated carrier, tramper carrier, tanker carrier, and oil carrier services. The company transports various types of cargo, including crude oil, iron ore, coal, grain, cement, fertilizer, steel, clean petroleum products, etc. Its owne… Read more

Korea Line (005880) - Net Assets

Latest net assets as of September 2025: ₩2.34 Trillion KRW

Based on the latest financial reports, Korea Line (005880) has net assets worth ₩2.34 Trillion KRW as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩4.11 Trillion) and total liabilities (₩1.77 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 ₩2.34 Trillion
% of Total Assets 56.9%
Annual Growth Rate 16.77%
5-Year Change 168.33%
10-Year Change 302.15%
Growth Volatility 98.26

Korea Line - Net Assets Trend (2000–2024)

This chart illustrates how Korea Line's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Korea Line (2000–2024)

The table below shows the annual net assets of Korea Line from 2000 to 2024.

Year Net Assets Change
2024-12-31 ₩2.29 Trillion +23.98%
2023-12-31 ₩1.85 Trillion +3.51%
2022-12-31 ₩1.78 Trillion +17.52%
2021-12-31 ₩1.52 Trillion +77.91%
2020-12-31 ₩853.32 Billion -4.68%
2019-12-31 ₩895.20 Billion +14.85%
2018-12-31 ₩779.48 Billion +13.32%
2017-12-31 ₩687.84 Billion +9.88%
2016-12-31 ₩626.01 Billion +9.95%
2015-12-31 ₩569.36 Billion +14.13%
2014-12-31 ₩498.88 Billion +23.48%
2013-12-31 ₩404.03 Billion +301.20%
2011-12-31 ₩100.70 Billion -81.48%
2010-12-31 ₩543.89 Billion -15.12%
2009-12-31 ₩640.75 Billion -45.19%
2008-12-31 ₩1.17 Trillion +26.60%
2007-12-31 ₩923.36 Billion +74.67%
2006-12-31 ₩528.64 Billion +33.18%
2005-12-31 ₩396.95 Billion +17.43%
2004-12-31 ₩338.03 Billion +175.86%
2003-12-31 ₩122.54 Billion +41.74%
2002-12-31 ₩86.45 Billion +336.97%
2001-12-31 ₩19.78 Billion -64.35%
2000-12-31 ₩55.50 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Korea Line'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 104058358393000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩1.04 Trillion 51.52%
Other Components ₩979.36 Billion 48.48%
Total Equity ₩2.02 Trillion 100.00%

Korea Line Competitors by Market Cap

The table below lists competitors of Korea Line ranked by their market capitalization.

Company Market Cap
Abacus Group
AU:ABG
 		$267.17 Million
Ranger Energy Services Inc
NYSE:RNGR
 		$267.18 Million
Energiekontor AG
F:EKT
 		$267.18 Million
Enel Generación Chile S.A
SN:ENELGXCH
 		$267.43 Million
Beijing Leadman Biochemistry Co Ltd
SHE:300289
 		$267.10 Million
FocalTech Systems Co Ltd
TW:3545
 		$267.03 Million
Everjoy Health Group Co Ltd
SHE:002162
 		$267.02 Million
Allied Blenders & Distillers Ltd
NSE:ABDL
 		$266.98 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Korea Line's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,609,161,939,920 to 2,019,939,938,790, a change of 410,777,998,870 (25.5%).
  • Net income of 162,090,224,990 contributed positively to equity growth.
  • New share issuances of 22,305,721,830 increased equity.
  • Other factors increased equity by 226,382,052,050.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩162.09 Billion +8.02%
Share Issuances ₩22.31 Billion +1.1%
Other Changes ₩226.38 Billion +11.21%
Total Change ₩- 25.53%

Book Value vs Market Value Analysis

This analysis compares Korea Line'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: 0.38x
  • 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 0.93x to 0.38x 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 ₩2549.77 ₩2370.00 x
2018-12-31 ₩2913.27 ₩2370.00 x
2019-12-31 ₩3251.42 ₩2370.00 x
2020-12-31 ₩3080.04 ₩2370.00 x
2021-12-31 ₩4139.74 ₩2370.00 x
2022-12-31 ₩4912.03 ₩2370.00 x
2023-12-31 ₩5177.63 ₩2370.00 x
2024-12-31 ₩6288.53 ₩2370.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Korea Line 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): 8.02%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 9.28%
  • • Asset Turnover: 0.38x
  • • Equity Multiplier: 2.27x
  • Recent ROE (8.02%) is below the historical average (25.78%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 78.95% 12.44% 0.42x 14.94x ₩55.75 Billion
2003 27.47% 4.75% 0.59x 9.82x ₩19.93 Billion
2004 61.30% 17.01% 0.96x 3.76x ₩168.06 Billion
2005 22.36% 7.51% 0.93x 3.20x ₩47.40 Billion
2006 21.46% 9.34% 0.84x 2.74x ₩58.96 Billion
2007 41.94% 18.95% 0.95x 2.34x ₩289.25 Billion
2008 31.88% 10.50% 1.25x 2.43x ₩252.42 Billion
2013 95.01% 71.69% 0.44x 3.03x ₩343.47 Billion
2014 14.58% 12.39% 0.45x 2.64x ₩22.57 Billion
2015 6.91% 7.32% 0.35x 2.70x ₩-17.39 Billion
2016 4.91% 5.52% 0.25x 3.63x ₩-30.86 Billion
2017 19.13% 8.12% 0.60x 3.91x ₩60.46 Billion
2018 10.20% 5.95% 0.44x 3.91x ₩1.52 Billion
2019 10.92% 9.00% 0.30x 4.03x ₩7.59 Billion
2020 1.14% 0.99% 0.26x 4.33x ₩-68.44 Billion
2021 19.13% 21.33% 0.30x 3.00x ₩117.51 Billion
2022 10.32% 9.78% 0.36x 2.94x ₩4.95 Billion
2023 4.24% 4.89% 0.30x 2.94x ₩-92.64 Billion
2024 8.02% 9.28% 0.38x 2.27x ₩-39.90 Billion

Industry Comparison

This section compares Korea Line's net assets metrics with peer companies in the Marine Shipping industry.

Industry Context

  • Industry: Marine Shipping
  • Average net assets among peers: $1,379,862,671,899
  • Average return on equity (ROE) among peers: -4.61%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Korea Line (005880) ₩2.34 Trillion 78.95% 0.76x $267.14 Million
Eusu Holdings (000700) $328.60 Billion 1.24% 0.59x $40.44 Million
Heung-A Shipping Co. Ltd. (003280) $234.04 Billion 16.91% 0.90x $162.31 Million
Hyundai Mipo Dockyard (010620) $3.24 Trillion -7.34% 2.16x $3.49 Billion
HMM Co Ltd (011200) $1.04 Trillion -76.06% 2.96x $4.30 Billion
Pan Ocean Co Ltd (028670) $4.49 Trillion 15.07% 0.68x $843.96 Million
Kss Line (044450) $160.75 Billion 16.41% 1.11x $91.07 Million
Sejin Heavy Industries Co Ltd (075580) $162.33 Billion 1.46% 1.52x $271.25 Million