Han Chang Pape
Hanchangpaper co., Ltd engages in the manufacture and distribution of paper board products worldwide. The company offers industrial paper board; and specialty paper boards, including colored, extra-processing, rough gloss, and other paper boards. It also provides compostable paper cups and food containers. The company was founded in 1973 and is headquartered in Yangsan-si, South Korea.
Han Chang Pape (009460) - Net Assets
Latest net assets as of September 2025: ₩88.89 Billion KRW
Based on the latest financial reports, Han Chang Pape (009460) has net assets worth ₩88.89 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩296.16 Billion) and total liabilities (₩207.27 Billion). 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 | ₩88.89 Billion |
| % of Total Assets | 30.02% |
| Annual Growth Rate | 8.85% |
| 5-Year Change | -0.35% |
| 10-Year Change | 121.33% |
| Growth Volatility | 12.68 |
Han Chang Pape - Net Assets Trend (2013–2024)
This chart illustrates how Han Chang Pape's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Han Chang Pape (2013–2024)
The table below shows the annual net assets of Han Chang Pape from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩94.38 Billion | +3.67% |
| 2023-12-31 | ₩91.04 Billion | -17.56% |
| 2022-12-31 | ₩110.43 Billion | +1.74% |
| 2021-12-31 | ₩108.55 Billion | +14.61% |
| 2020-12-31 | ₩94.71 Billion | +10.20% |
| 2019-12-31 | ₩85.94 Billion | +11.54% |
| 2018-12-31 | ₩77.05 Billion | +9.70% |
| 2017-12-31 | ₩70.24 Billion | +19.64% |
| 2016-12-31 | ₩58.71 Billion | +37.68% |
| 2015-12-31 | ₩42.64 Billion | +8.42% |
| 2014-12-31 | ₩39.33 Billion | +5.95% |
| 2013-12-31 | ₩37.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Han Chang Pape'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 5098.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩56.10 Billion | 59.44% |
| Other Components | ₩38.28 Billion | 40.56% |
| Total Equity | ₩94.38 Billion | 100.00% |
Han Chang Pape Competitors by Market Cap
The table below lists competitors of Han Chang Pape ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Altin Yunus Cesme Turistik Tesisler AS
IS:AYCES
|
$12.03 Million |
|
Pollux Properti Indonesia Tbk PT
JK:POLL
|
$12.03 Million |
|
Bluemount Holdings Limited Class B Ordinary Shares
NASDAQ:BMHL
|
$12.04 Million |
|
SergeFerrari Group S.A.
LSE:0QVG
|
$12.04 Million |
|
First Bancorp of Indiana Inc
PINK:FBPI
|
$12.02 Million |
|
Tipco Foods Public Company Limited
BK:TIPCO
|
$12.02 Million |
|
Less Mess Storage Inc.
V:LMS
|
$12.02 Million |
|
YSX Tech. Co., Ltd Class A Ordinary Shares
NASDAQ:YSXT
|
$12.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Han Chang Pape's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 91,037,618,050 to 94,381,732,410, a change of 3,344,114,360 (3.7%).
- Net income of 2,639,511,960 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.64 Billion | +2.8% |
| Other Changes | ₩704.60 Million | +0.75% |
| Total Change | ₩- | 3.67% |
Book Value vs Market Value Analysis
This analysis compares Han Chang Pape'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: 0.32x
- 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 0.42x to 0.32x 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 | ₩1177.19 | ₩500.00 | x |
| 2018-12-31 | ₩1317.88 | ₩500.00 | x |
| 2019-12-31 | ₩1440.38 | ₩500.00 | x |
| 2020-12-31 | ₩1587.29 | ₩500.00 | x |
| 2021-12-31 | ₩1819.17 | ₩500.00 | x |
| 2022-12-31 | ₩1850.77 | ₩500.00 | x |
| 2023-12-31 | ₩1525.75 | ₩500.00 | x |
| 2024-12-31 | ₩1581.80 | ₩500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Han Chang Pape 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): 2.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.90%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 3.05x
- Recent ROE (2.80%) is below the historical average (4.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -31.18% | -6.38% | 1.14x | 4.27x | ₩-15.29 Billion |
| 2014 | 5.97% | 1.35% | 1.19x | 3.71x | ₩-1.58 Billion |
| 2015 | 7.96% | 1.92% | 1.22x | 3.39x | ₩-868.86 Million |
| 2016 | 27.49% | 8.30% | 1.27x | 2.60x | ₩10.27 Billion |
| 2017 | 16.83% | 5.88% | 1.33x | 2.15x | ₩4.80 Billion |
| 2018 | 12.49% | 4.81% | 1.29x | 2.01x | ₩1.92 Billion |
| 2019 | 8.58% | 4.07% | 1.05x | 2.00x | ₩-1.22 Billion |
| 2020 | 11.18% | 6.18% | 0.95x | 1.91x | ₩1.12 Billion |
| 2021 | 13.84% | 8.24% | 0.73x | 2.29x | ₩4.17 Billion |
| 2022 | 1.14% | 0.59% | 0.76x | 2.56x | ₩-9.78 Billion |
| 2023 | -19.22% | -6.34% | 0.96x | 3.17x | ₩-26.60 Billion |
| 2024 | 2.80% | 0.90% | 1.02x | 3.05x | ₩-6.80 Billion |
Industry Comparison
This section compares Han Chang Pape's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $341,605,446,624
- Average return on equity (ROE) among peers: 2.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Han Chang Pape (009460) | ₩88.89 Billion | -31.18% | 2.33x | $12.03 Million |
| Papercorea (001020) | $161.95 Billion | -15.04% | 2.12x | $10.80 Million |
| Asia Paper (002310) | $469.11 Billion | 4.10% | 0.53x | $99.62 Million |
| Hansol Holdings Co Ltd (004150) | $597.33 Billion | 8.04% | 0.21x | $67.38 Million |
| Kleannara (004540) | $63.58 Billion | 2.20% | 6.33x | $19.40 Million |
| Kleannara Co Ltd (004545) | $204.10 Billion | -0.74% | 1.54x | $41.23 Million |
| Young Poong Pa (006740) | $94.39 Billion | 5.82% | 0.29x | $14.07 Million |
| Moorim Paper (009200) | $724.75 Billion | 5.61% | 2.43x | $26.73 Million |
| Moorim P&P Co Ltd (009580) | $548.26 Billion | 2.42% | 1.22x | $33.76 Million |
| Sam Jung Pulp (009770) | $210.97 Billion | 12.73% | 0.10x | $14.29 Million |