Pan-Pacific Net Assets
Pan-Pacific net assets. Based on the latest financial reports, Pan-Pacific (007980) has net assets worth ₩281.42 Billion KRW (≈ $190.72 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩772.65 Billion ≈ $523.61 Million USD) and total liabilities (₩491.22 Billion ≈ $332.89 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 Pan-Pacific net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩281.42 Billion |
| % of Total Assets | 36.42% |
| Annual Growth Rate | 7.42% |
| 5-Year Change | 36.49% |
| 10-Year Change | 55.19% |
| Growth Volatility | 24.5 |
Net Assets of Pan-Pacific (2004–2024)
Net assets of Pan-Pacific from 2004 to 2024. This chart illustrates how Pan-Pacific's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Pan-Pacific to measure how much of total assets are equity-financed.
Annual Net Assets for Pan-Pacific (2004–2024)
The table below shows the annual net assets of Pan-Pacific from 2004 to 2024. For live market cap and overall valuation, see Pan-Pacific (007980) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩241.92 Billion ≈ $163.95 Million |
+16.49% |
| 2023-12-31 | ₩207.67 Billion ≈ $140.73 Million |
+3.13% |
| 2022-12-31 | ₩201.37 Billion ≈ $136.46 Million |
+22.15% |
| 2021-12-31 | ₩164.86 Billion ≈ $111.72 Million |
-6.99% |
| 2020-12-31 | ₩177.24 Billion ≈ $120.12 Million |
-3.85% |
| 2019-12-31 | ₩184.33 Billion ≈ $124.92 Million |
+22.08% |
| 2018-12-31 | ₩150.99 Billion ≈ $102.33 Million |
+10.25% |
| 2017-12-31 | ₩136.95 Billion ≈ $92.81 Million |
+20.92% |
| 2016-12-31 | ₩113.26 Billion ≈ $76.75 Million |
-27.35% |
| 2015-12-31 | ₩155.89 Billion ≈ $105.64 Million |
-7.13% |
| 2014-12-31 | ₩167.85 Billion ≈ $113.75 Million |
+4.19% |
| 2013-12-31 | ₩161.11 Billion ≈ $109.18 Million |
+50.19% |
| 2012-12-31 | ₩107.27 Billion ≈ $72.69 Million |
-1.43% |
| 2011-12-31 | ₩108.82 Billion ≈ $73.75 Million |
+81.17% |
| 2006-12-31 | ₩60.07 Billion ≈ $40.71 Million |
+3.36% |
| 2005-12-31 | ₩58.12 Billion ≈ $39.38 Million |
+0.51% |
| 2004-12-31 | ₩57.82 Billion ≈ $39.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pan-Pacific'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 265.1% over the analyzed period, indicating profitable operations and earnings retention.
Pan-Pacific Net Assets Breakdown (December 2024)
Pan-Pacific net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩91.64 Billion | 37.97% |
| Other Components | ₩149.70 Billion | 62.03% |
| Total Equity | ₩241.33 Billion | 100.00% |
Pan-Pacific Competitors by Market Cap
The table below lists competitors of Pan-Pacific ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares
NASDAQ:ALCY
|
$49.28 Million |
|
D&C Media Co.Ltd
KQ:263720
|
$49.29 Million |
|
Sonel S.A.
WAR:SON
|
$49.32 Million |
|
Zee Media Corporation Limited
NSE:ZEEMEDIA
|
$49.33 Million |
|
Awale Resources Ltd
V:ARIC
|
$49.27 Million |
|
Caribou Biosciences Inc
NASDAQ:CRBU
|
$49.25 Million |
|
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS
IS:LKMNH
|
$49.25 Million |
|
Man Zai Industrial Co Ltd
TWO:4543
|
$49.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pan-Pacific's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 207,278,160,350 to 241,333,435,750, a change of 34,055,275,400 (16.4%).
- Net income of 22,158,776,290 contributed positively to equity growth.
- Dividend payments of 1,697,219,190 reduced retained earnings.
- Share repurchases of 1,001,069,090 reduced equity.
- Other factors increased equity by 14,594,787,390.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩22.16 Billion | +9.18% |
| Dividends Paid | ₩1.70 Billion | -0.7% |
| Share Repurchases | ₩1.00 Billion | -0.41% |
| Other Changes | ₩14.59 Billion | +6.05% |
| Total Change | ₩- | 16.43% |
Book Value vs Market Value Analysis
This analysis compares Pan-Pacific'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: 0.31x
- 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 0.31x 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 | ₩2864.30 | ₩1560.00 | x |
| 2018-12-31 | ₩3157.11 | ₩1560.00 | x |
| 2019-12-31 | ₩3709.84 | ₩1560.00 | x |
| 2020-12-31 | ₩3666.89 | ₩1560.00 | x |
| 2021-12-31 | ₩3585.25 | ₩1560.00 | x |
| 2022-12-31 | ₩4368.94 | ₩1560.00 | x |
| 2023-12-31 | ₩4274.48 | ₩1560.00 | x |
| 2024-12-31 | ₩5014.38 | ₩1560.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pan-Pacific 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): 9.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.08%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 3.12x
- Recent ROE (9.18%) is above the historical average (-1.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 3.01% | 1.13% | 1.80x | 1.48x | ₩-4.06 Billion |
| 2006 | 5.41% | 2.17% | 1.62x | 1.54x | ₩-2.76 Billion |
| 2011 | 3.05% | 0.71% | 1.46x | 2.96x | ₩-7.56 Billion |
| 2013 | 1.51% | 0.29% | 1.44x | 3.56x | ₩-13.53 Billion |
| 2014 | 0.33% | 0.07% | 1.33x | 3.63x | ₩-16.04 Billion |
| 2015 | -11.44% | -2.09% | 1.38x | 3.98x | ₩-32.95 Billion |
| 2016 | -48.54% | -6.21% | 1.56x | 5.00x | ₩-64.80 Billion |
| 2017 | 7.17% | 1.05% | 1.74x | 3.95x | ₩-3.81 Billion |
| 2018 | 6.81% | 1.04% | 1.75x | 3.75x | ₩-4.73 Billion |
| 2019 | 6.50% | 1.15% | 1.58x | 3.55x | ₩-6.05 Billion |
| 2020 | -7.24% | -1.55% | 1.16x | 4.03x | ₩-28.94 Billion |
| 2021 | -8.41% | -1.55% | 1.17x | 4.66x | ₩-30.23 Billion |
| 2022 | 12.47% | 2.31% | 1.50x | 3.59x | ₩4.97 Billion |
| 2023 | 2.92% | 0.66% | 1.34x | 3.31x | ₩-14.68 Billion |
| 2024 | 9.18% | 2.08% | 1.41x | 3.12x | ₩-1.97 Billion |
Industry Comparison
This section compares Pan-Pacific's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $250,177,279,407
- Average return on equity (ROE) among peers: 5.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pan-Pacific (007980) | ₩281.42 Billion | 3.01% | 1.75x | $49.28 Million |
| BYC Co. Ltd (001460) | $333.35 Billion | 7.34% | 0.52x | $143.08 Million |
| BYC Co Ltd (001465) | $534.92 Billion | 4.43% | 0.28x | $33.71 Million |
| Vivien Corp (002070) | $104.53 Billion | 0.00% | 0.49x | $6.89 Million |
| SG Corporation (004060) | $196.89 Billion | 3.39% | 0.70x | $26.89 Million |
| Kuk Dong (005320) | $42.99 Billion | 0.00% | 2.05x | $49.69 Million |
| Shinsung Tngsn (005390) | $265.00 Billion | 10.87% | 2.39x | $399.30 Million |
| Shinyoung Waco (005800) | $268.44 Billion | 4.25% | 0.13x | $79.90 Million |
| F&F Holdings Co. Ltd (007700) | $394.79 Billion | 27.65% | 0.26x | $350.29 Million |
| Willbes (008600) | $110.69 Billion | -7.73% | 1.66x | $116.83 Million |
About Pan-Pacific
TP Inc. engages in the apparels business in South Korea and internationally. The company offers outerwear, casual wear, and activewear products; and synthetic insulation materials under the SynCloud brand name. It also invests in, develops, acquires, operates, and manages real estate assets. TP Inc. was founded in 1972 and is headquartered in Seoul, South Korea.