LS Corp (006260) - Net Assets
Based on the latest financial reports, LS Corp (006260) has net assets worth ₩7.52 Trillion KRW (≈ $5.10 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 (₩23.17 Trillion ≈ $15.70 Billion USD) and total liabilities (₩15.65 Trillion ≈ $10.61 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. Check LS Corp (006260) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩7.52 Trillion |
| % of Total Assets | 32.46% |
| Annual Growth Rate | 9.29% |
| 5-Year Change | 54.68% |
| 10-Year Change | 132.98% |
| Growth Volatility | 9.34 |
LS Corp - Net Assets Trend (2000–2024)
This chart illustrates how LS Corp's net assets have evolved over time, based on quarterly financial data. Also explore 006260 total assets for the complete picture of this company's asset base.
Annual Net Assets for LS Corp (2000–2024)
The table below shows the annual net assets of LS Corp from 2000 to 2024. For live valuation and market cap data, see LS Corp (006260) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩6.88 Trillion ≈ $4.66 Billion |
+1.93% |
| 2023-12-31 | ₩6.75 Trillion ≈ $4.57 Billion |
+21.53% |
| 2022-12-31 | ₩5.55 Trillion ≈ $3.76 Billion |
+17.93% |
| 2021-12-31 | ₩4.71 Trillion ≈ $3.19 Billion |
+5.88% |
| 2020-12-31 | ₩4.45 Trillion ≈ $3.01 Billion |
+4.15% |
| 2019-12-31 | ₩4.27 Trillion ≈ $2.89 Billion |
-2.02% |
| 2018-12-31 | ₩4.36 Trillion ≈ $2.95 Billion |
+20.03% |
| 2017-12-31 | ₩3.63 Trillion ≈ $2.46 Billion |
+11.58% |
| 2016-12-31 | ₩3.26 Trillion ≈ $2.21 Billion |
+10.21% |
| 2015-12-31 | ₩2.95 Trillion ≈ $2.00 Billion |
-2.62% |
| 2014-12-31 | ₩3.03 Trillion ≈ $2.06 Billion |
+0.86% |
| 2013-12-31 | ₩3.01 Trillion ≈ $2.04 Billion |
+4.04% |
| 2012-12-31 | ₩2.89 Trillion ≈ $1.96 Billion |
+3.74% |
| 2011-12-31 | ₩2.79 Trillion ≈ $1.89 Billion |
-16.28% |
| 2010-12-31 | ₩3.33 Trillion ≈ $2.26 Billion |
+16.63% |
| 2009-12-31 | ₩2.85 Trillion ≈ $1.93 Billion |
+18.27% |
| 2008-12-31 | ₩2.41 Trillion ≈ $1.63 Billion |
+4.99% |
| 2007-12-31 | ₩2.30 Trillion ≈ $1.56 Billion |
+15.88% |
| 2006-12-31 | ₩1.98 Trillion ≈ $1.34 Billion |
+21.43% |
| 2005-12-31 | ₩1.63 Trillion ≈ $1.11 Billion |
+9.28% |
| 2004-12-31 | ₩1.49 Trillion ≈ $1.01 Billion |
+21.16% |
| 2003-12-31 | ₩1.23 Trillion ≈ $835.83 Million |
+14.75% |
| 2002-12-31 | ₩1.07 Trillion ≈ $728.38 Million |
+18.83% |
| 2001-12-31 | ₩904.45 Billion ≈ $612.93 Million |
+10.93% |
| 2000-12-31 | ₩815.35 Billion ≈ $552.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to LS Corp'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 447733000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩4.48 Trillion | 97.51% |
| Other Components | ₩114.53 Billion | 2.49% |
| Total Equity | ₩4.59 Trillion | 100.00% |
LS Corp Competitors by Market Cap
The table below lists competitors of LS Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ENN Energy Holdings Limited
F:XGH
|
$8.52 Billion |
|
KAWASAKI KISEN K. ADR/1/2
F:KLI
|
$8.52 Billion |
|
NEW ORIENTAL EDU.+TECH.G.
F:N1U0
|
$8.52 Billion |
|
Akbank TAS
IS:AKBNK
|
$8.53 Billion |
|
Restaurant Brands International Limited Partnership
TO:QSP-UN
|
$8.51 Billion |
|
Zillow Group Inc Class C
NASDAQ:Z
|
$8.50 Billion |
|
TongKun Group Co Ltd
SHG:601233
|
$8.50 Billion |
|
Yunnan Tin Co Ltd
SHE:000960
|
$8.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LS Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,733,668,000,000 to 4,591,860,000,000, a change of -141,808,000,000 (-3.0%).
- Net income of 237,334,000,000 contributed positively to equity growth.
- Dividend payments of 104,014,000,000 reduced retained earnings.
- Share repurchases of 6,990,000,000 reduced equity.
- Other factors decreased equity by 268,138,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩237.33 Billion | +5.17% |
| Dividends Paid | ₩104.01 Billion | -2.27% |
| Share Repurchases | ₩6.99 Billion | -0.15% |
| Other Changes | ₩-268.14 Billion | -5.84% |
| Total Change | ₩- | -3.00% |
Book Value vs Market Value Analysis
This analysis compares LS Corp'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: 2.70x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.62x to 2.70x 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 | ₩98018.30 | ₩453000.00 | x |
| 2018-12-31 | ₩113933.80 | ₩453000.00 | x |
| 2019-12-31 | ₩114028.12 | ₩453000.00 | x |
| 2020-12-31 | ₩117666.50 | ₩453000.00 | x |
| 2021-12-31 | ₩127726.76 | ₩453000.00 | x |
| 2022-12-31 | ₩144079.60 | ₩453000.00 | x |
| 2023-12-31 | ₩172392.72 | ₩453000.00 | x |
| 2024-12-31 | ₩167907.62 | ₩453000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LS Corp 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): 5.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.86%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 4.47x
- Recent ROE (5.17%) is below the historical average (8.15%), 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 | 10.17% | 4.27% | 1.16x | 2.05x | ₩1.39 Billion |
| 2001 | 11.47% | 5.37% | 1.09x | 1.96x | ₩13.19 Billion |
| 2002 | 7.97% | 2.97% | 0.94x | 2.85x | ₩-18.02 Billion |
| 2003 | 6.59% | 1.87% | 1.01x | 3.49x | ₩-33.39 Billion |
| 2004 | 10.64% | 2.30% | 1.37x | 3.37x | ₩7.13 Billion |
| 2005 | 9.33% | 1.84% | 1.35x | 3.76x | ₩-7.77 Billion |
| 2006 | 16.46% | 2.61% | 1.68x | 3.75x | ₩86.33 Billion |
| 2007 | 12.10% | 1.97% | 1.69x | 3.64x | ₩31.33 Billion |
| 2009 | 13.50% | 1.60% | 1.34x | 6.32x | ₩55.74 Billion |
| 2010 | 13.43% | 1.48% | 1.49x | 6.10x | ₩64.23 Billion |
| 2011 | 5.24% | 0.95% | 1.24x | 4.43x | ₩-106.98 Billion |
| 2012 | 7.32% | 1.43% | 1.18x | 4.34x | ₩-62.41 Billion |
| 2013 | 5.09% | 1.07% | 1.14x | 4.14x | ₩-118.54 Billion |
| 2014 | 1.87% | 0.41% | 1.05x | 4.30x | ₩-195.51 Billion |
| 2015 | -4.28% | -0.99% | 1.01x | 4.29x | ₩-328.92 Billion |
| 2016 | 6.86% | 1.75% | 0.99x | 3.96x | ₩-76.98 Billion |
| 2017 | 10.91% | 3.12% | 0.95x | 3.67x | ₩24.69 Billion |
| 2018 | 12.77% | 4.00% | 0.96x | 3.32x | ₩87.79 Billion |
| 2019 | 0.80% | 0.25% | 0.95x | 3.40x | ₩-291.29 Billion |
| 2020 | 3.88% | 1.21% | 0.90x | 3.57x | ₩-199.88 Billion |
| 2021 | 7.83% | 2.12% | 1.04x | 3.56x | ₩-76.87 Billion |
| 2022 | 11.34% | 2.58% | 1.04x | 4.22x | ₩53.51 Billion |
| 2023 | 9.21% | 1.78% | 1.34x | 3.85x | ₩-37.40 Billion |
| 2024 | 5.17% | 0.86% | 1.34x | 4.47x | ₩-221.85 Billion |
Industry Comparison
This section compares LS Corp's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,017,617,857,979
- Average return on equity (ROE) among peers: 2.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LS Corp (006260) | ₩7.52 Trillion | 10.17% | 2.08x | $8.51 Billion |
| Kumho Electric (001210) | $34.69 Billion | -52.29% | 3.91x | $38.70 Million |
| Taihan Electric Wire Co Ltd (001440) | $566.19 Billion | 8.37% | 1.49x | $7.09 Billion |
| Posco Chemical Co Ltd (003670) | $758.13 Billion | 17.43% | 0.25x | $15.19 Billion |
| Sebang Global Battery Co Ltd (004490) | $699.00 Billion | 8.79% | 0.33x | $589.11 Million |
| Daewon Cable (006340) | $81.19 Billion | 4.37% | 1.64x | $786.10 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $80.36 Billion | -1.02% | 1.36x | $458.78 Million |
| Samsung SDI (006400) | $4.75 Trillion | 0.00% | 0.50x | $36.39 Billion |
| Samsung Sdi Co Pref (006405) | $19.91 Trillion | 10.09% | 0.71x | $345.34 Million |
| LS Electric (010120) | $284.54 Billion | 28.80% | 2.17x | $5.60 Billion |
About LS Corp
LS Corp., together with its subsidiaries, engages in electric power, automation, machinery, materials, and energy businesses in South Korea and internationally. The company offers electric power transmission/distribution and telecommunication products, including power and telecommunication cables, switchgears/switch boards, electronic meters, and transformers/EHV transformers; and industrial auto… Read more