Hwaseung Industries Co Ltd (006060) - Net Assets
Based on the latest financial reports, Hwaseung Industries Co Ltd (006060) has net assets worth ₩555.39 Billion KRW (≈ $376.38 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.68 Trillion ≈ $1.14 Billion USD) and total liabilities (₩1.12 Trillion ≈ $759.30 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. Check Hwaseung Industries Co Ltd (006060) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩555.39 Billion |
| % of Total Assets | 33.14% |
| Annual Growth Rate | 10.72% |
| 5-Year Change | -11.93% |
| 10-Year Change | 94.3% |
| Growth Volatility | 30.02 |
Hwaseung Industries Co Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Hwaseung Industries Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Hwaseung Industries Co Ltd.
Annual Net Assets for Hwaseung Industries Co Ltd (2004–2025)
The table below shows the annual net assets of Hwaseung Industries Co Ltd from 2004 to 2025. Also explore 006060 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩558.94 Billion ≈ $378.78 Million |
-10.46% |
| 2024-12-31 | ₩624.26 Billion ≈ $423.05 Million |
+1.73% |
| 2023-12-31 | ₩613.65 Billion ≈ $415.86 Million |
-6.97% |
| 2022-12-31 | ₩659.65 Billion ≈ $447.04 Million |
+3.93% |
| 2021-12-31 | ₩634.68 Billion ≈ $430.11 Million |
+1.18% |
| 2020-12-31 | ₩627.25 Billion ≈ $425.08 Million |
+38.34% |
| 2019-12-31 | ₩453.41 Billion ≈ $307.27 Million |
+28.04% |
| 2018-12-31 | ₩354.12 Billion ≈ $239.98 Million |
+13.38% |
| 2017-12-31 | ₩312.32 Billion ≈ $211.66 Million |
+8.57% |
| 2016-12-31 | ₩287.66 Billion ≈ $194.94 Million |
+121.94% |
| 2015-12-31 | ₩129.61 Billion ≈ $87.84 Million |
+10.47% |
| 2014-12-31 | ₩117.33 Billion ≈ $79.51 Million |
+6.07% |
| 2013-12-31 | ₩110.61 Billion ≈ $74.96 Million |
-19.34% |
| 2012-12-31 | ₩137.13 Billion ≈ $92.93 Million |
-1.20% |
| 2011-12-31 | ₩138.79 Billion ≈ $94.06 Million |
-5.93% |
| 2010-12-31 | ₩147.53 Billion ≈ $99.98 Million |
+8.64% |
| 2009-12-31 | ₩135.79 Billion ≈ $92.03 Million |
+26.63% |
| 2008-12-31 | ₩107.24 Billion ≈ $72.68 Million |
+3.88% |
| 2007-12-31 | ₩103.24 Billion ≈ $69.96 Million |
+3.87% |
| 2006-12-31 | ₩99.40 Billion ≈ $67.36 Million |
-7.11% |
| 2005-12-31 | ₩107.01 Billion ≈ $72.52 Million |
+62.43% |
| 2004-12-31 | ₩65.88 Billion ≈ $44.65 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hwaseung Industries Co Ltd'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 25919915014000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩259.20 Billion | 77.59% |
| Other Components | ₩74.88 Billion | 22.41% |
| Total Equity | ₩334.08 Billion | 100.00% |
Hwaseung Industries Co Ltd Competitors by Market Cap
The table below lists competitors of Hwaseung Industries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Woorim Machinery Co. Ltd
KQ:101170
|
$77.30 Million |
|
Hyundai C&F Inc
KO:227840
|
$77.30 Million |
|
Showbox Corp
KQ:086980
|
$77.30 Million |
|
ALM Equity AB (publ)
ST:ALM
|
$77.31 Million |
|
Midsummer AB (publ)
ST:MIDS
|
$77.28 Million |
|
Solitario Exploration & Royalty Corp
NYSE MKT:XPL
|
$77.25 Million |
|
Delfingen
PA:ALDEL
|
$77.22 Million |
|
YTN Co.Ltd
KQ:040300
|
$77.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hwaseung Industries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 352,616,221,670 to 334,083,135,850, a change of -18,533,085,820 (-5.3%).
- Net income of 19,340,601,410 contributed positively to equity growth.
- Dividend payments of 10,755,948,680 reduced retained earnings.
- Share repurchases of 5,999,410,320 reduced equity.
- Other factors decreased equity by 21,118,328,230.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩19.34 Billion | +5.79% |
| Dividends Paid | ₩10.76 Billion | -3.22% |
| Share Repurchases | ₩6.00 Billion | -1.8% |
| Other Changes | ₩-21.12 Billion | -6.32% |
| Total Change | ₩- | -5.26% |
Book Value vs Market Value Analysis
This analysis compares Hwaseung Industries Co Ltd'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: 0.34x
- 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 0.54x to 0.34x 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 | ₩4407.12 | ₩2380.00 | x |
| 2018-12-31 | ₩4975.05 | ₩2380.00 | x |
| 2019-12-31 | ₩6123.24 | ₩2380.00 | x |
| 2020-12-31 | ₩6622.01 | ₩2380.00 | x |
| 2021-12-31 | ₩6784.66 | ₩2380.00 | x |
| 2022-12-31 | ₩6883.81 | ₩2380.00 | x |
| 2023-12-31 | ₩6349.23 | ₩2380.00 | x |
| 2024-12-31 | ₩7146.65 | ₩2380.00 | x |
| 2025-12-31 | ₩6971.81 | ₩2380.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hwaseung Industries Co Ltd 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): 5.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.09%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 4.77x
- Recent ROE (5.79%) is below the historical average (6.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 20.86% | 3.33% | 0.98x | 6.41x | ₩7.15 Billion |
| 2005 | 7.42% | 1.27% | 0.89x | 6.57x | ₩-2.09 Billion |
| 2006 | 1.42% | 0.21% | 1.08x | 6.21x | ₩-6.44 Billion |
| 2007 | 2.66% | 0.41% | 1.05x | 6.23x | ₩-5.68 Billion |
| 2008 | 10.62% | 1.29% | 1.17x | 7.02x | ₩518.46 Million |
| 2009 | 7.20% | 1.85% | 1.24x | 3.14x | ₩-3.44 Billion |
| 2010 | 3.19% | 0.76% | 1.26x | 3.36x | ₩-9.15 Billion |
| 2011 | 5.23% | 1.10% | 1.27x | 3.76x | ₩-6.04 Billion |
| 2012 | 1.28% | 0.28% | 1.22x | 3.71x | ₩-10.75 Billion |
| 2013 | -4.92% | -0.91% | 1.27x | 4.27x | ₩-16.50 Billion |
| 2014 | 2.20% | 0.43% | 1.12x | 4.54x | ₩-9.15 Billion |
| 2015 | 16.66% | 2.89% | 1.33x | 4.34x | ₩8.62 Billion |
| 2016 | 19.29% | 4.40% | 1.26x | 3.49x | ₩21.42 Billion |
| 2017 | 15.05% | 3.16% | 1.32x | 3.61x | ₩12.23 Billion |
| 2018 | 7.54% | 1.83% | 1.12x | 3.68x | ₩-6.62 Billion |
| 2019 | 17.84% | 4.13% | 1.12x | 3.85x | ₩25.92 Billion |
| 2020 | 10.59% | 2.88% | 0.91x | 4.07x | ₩2.08 Billion |
| 2021 | -0.58% | -0.15% | 0.83x | 4.57x | ₩-37.94 Billion |
| 2022 | 0.25% | 0.04% | 1.08x | 5.16x | ₩-33.64 Billion |
| 2023 | -7.93% | -1.70% | 0.89x | 5.25x | ₩-56.48 Billion |
| 2024 | 11.10% | 2.10% | 1.02x | 5.20x | ₩3.87 Billion |
| 2025 | 5.79% | 1.09% | 1.12x | 4.77x | ₩-14.07 Billion |
Industry Comparison
This section compares Hwaseung Industries Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $177,436,995,189
- Average return on equity (ROE) among peers: 11.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hwaseung Industries Co Ltd (006060) | ₩555.39 Billion | 20.86% | 2.02x | $77.29 Million |
| Samyang Tongsang Co. Ltd. (002170) | $184.69 Billion | 5.30% | 0.26x | $97.51 Million |
| Uni Chem (011330) | $120.70 Billion | -8.47% | 0.54x | $254.40 Million |
| Baiksan (035150) | $92.03 Billion | -2.79% | 0.77x | $144.83 Million |
| InBioGen Co Ltd (101140) | $178.02 Billion | 52.87% | 0.54x | $33.09 Million |
| Gumho NT Co Ltd (130500) | $30.50 Billion | 8.00% | 0.55x | $18.27 Million |
| JS Corp (194370) | $98.64 Billion | 19.88% | 0.61x | $255.26 Million |
| Hwaseung Enterprise Co Ltd (241590) | $537.46 Billion | 7.46% | 1.15x | $114.97 Million |
About Hwaseung Industries Co Ltd
HWASEUNG Industries Co.,Ltd. engages in the manufacture and sale of shoe products and shoe materials business in South Korea and internationally. The company offers BOPP, PET, and breathable films; sheets and plates; and synthetic resins and adhesives, including shoe adhesives, industrial adhesives, automotive coatings, and polyurethane resins. It also trades in clothing, bedding, footwear, and o… Read more