Korea Shipbuilding & Offshore Engineering Co Ltd (009540) - Net Assets
Based on the latest financial reports, Korea Shipbuilding & Offshore Engineering Co Ltd (009540) has net assets worth ₩16.91 Trillion KRW (≈ $11.46 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩39.54 Trillion ≈ $26.80 Billion USD) and total liabilities (₩22.63 Trillion ≈ $15.34 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. Also explore Korea Shipbuilding & Offshore Engineerin asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩16.91 Trillion |
| % of Total Assets | 42.76% |
| Annual Growth Rate | 6.46% |
| 5-Year Change | 36.21% |
| 10-Year Change | -4.94% |
| Growth Volatility | 19.27 |
Korea Shipbuilding & Offshore Engineering Co Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Korea Shipbuilding & Offshore Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is Korea Shipbuilding & Offshore Engineerin's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Korea Shipbuilding & Offshore Engineering Co Ltd (2000–2025)
The table below shows the annual net assets of Korea Shipbuilding & Offshore Engineering Co Ltd from 2000 to 2025. For live valuation and market cap data, see 009540 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩16.91 Trillion ≈ $11.46 Billion |
+19.44% |
| 2024-12-31 | ₩14.16 Trillion ≈ $9.59 Billion |
+14.44% |
| 2023-12-31 | ₩12.37 Trillion ≈ $8.38 Billion |
+0.47% |
| 2022-12-31 | ₩12.31 Trillion ≈ $8.34 Billion |
-0.82% |
| 2021-12-31 | ₩12.41 Trillion ≈ $8.41 Billion |
-0.06% |
| 2020-12-31 | ₩12.42 Trillion ≈ $8.42 Billion |
-3.91% |
| 2019-12-31 | ₩12.93 Trillion ≈ $8.76 Billion |
-1.41% |
| 2018-12-31 | ₩13.11 Trillion ≈ $8.89 Billion |
+5.97% |
| 2017-12-31 | ₩12.37 Trillion ≈ $8.38 Billion |
-30.44% |
| 2016-12-31 | ₩17.79 Trillion ≈ $12.05 Billion |
+15.30% |
| 2015-12-31 | ₩15.43 Trillion ≈ $10.45 Billion |
-7.29% |
| 2014-12-31 | ₩16.64 Trillion ≈ $11.28 Billion |
-12.56% |
| 2013-12-31 | ₩19.03 Trillion ≈ $12.90 Billion |
+1.54% |
| 2012-12-31 | ₩18.74 Trillion ≈ $12.70 Billion |
+3.11% |
| 2011-12-31 | ₩18.18 Trillion ≈ $12.32 Billion |
+17.64% |
| 2010-12-31 | ₩15.45 Trillion ≈ $10.47 Billion |
+40.36% |
| 2009-12-31 | ₩11.01 Trillion ≈ $7.46 Billion |
+65.12% |
| 2008-12-31 | ₩6.67 Trillion ≈ $4.52 Billion |
+6.11% |
| 2007-12-31 | ₩6.28 Trillion ≈ $4.26 Billion |
+35.43% |
| 2006-12-31 | ₩4.64 Trillion ≈ $3.14 Billion |
+22.74% |
| 2005-12-31 | ₩3.78 Trillion ≈ $2.56 Billion |
-1.55% |
| 2004-12-31 | ₩3.84 Trillion ≈ $2.60 Billion |
+9.24% |
| 2003-12-31 | ₩3.51 Trillion ≈ $2.38 Billion |
+17.77% |
| 2002-12-31 | ₩2.98 Trillion ≈ $2.02 Billion |
+7.39% |
| 2001-12-31 | ₩2.78 Trillion ≈ $1.88 Billion |
-21.34% |
| 2000-12-31 | ₩3.53 Trillion ≈ $2.39 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Korea Shipbuilding & Offshore Engineering 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 1666752965800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩16.67 Trillion | 125.45% |
| Total Equity | ₩13.29 Trillion | 100.00% |
Korea Shipbuilding & Offshore Engineering Co Ltd Competitors by Market Cap
The table below lists competitors of Korea Shipbuilding & Offshore Engineering Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Unichip Corp
TW:3443
|
$17.67 Billion |
|
Fortum Oyj
HE:FORTUM
|
$17.67 Billion |
|
Santos Ltd
AU:STO
|
$17.67 Billion |
|
ITT Inc
NYSE:ITT
|
$17.74 Billion |
|
Samvardhana Motherson International Limited
NSE:MOTHERSON
|
$17.65 Billion |
|
Ast Spacemobile Inc
NASDAQ:ASTS
|
$17.63 Billion |
|
TELEFONICA BRASIL ADR 1
F:TSPA
|
$17.63 Billion |
|
Hengli Petrochemical Co Ltd
SHG:600346
|
$17.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea Shipbuilding & Offshore Engineering Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,099,427,059,000 to 13,286,077,746,000, a change of 2,186,650,687,000 (19.7%).
- Net income of 2,168,412,429,000 contributed positively to equity growth.
- Dividend payments of 715,259,341,000 reduced retained earnings.
- Other factors increased equity by 733,497,599,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.17 Trillion | +16.32% |
| Dividends Paid | ₩715.26 Billion | -5.38% |
| Other Changes | ₩733.50 Billion | +5.52% |
| Total Change | ₩- | 19.70% |
Book Value vs Market Value Analysis
This analysis compares Korea Shipbuilding & Offshore Engineering 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: 1.96x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩187277.87 | ₩368500.00 | x |
| 2018-12-31 | ₩168030.60 | ₩368500.00 | x |
| 2019-12-31 | ₩163571.56 | ₩368500.00 | x |
| 2020-12-31 | ₩154229.70 | ₩368500.00 | x |
| 2021-12-31 | ₩139385.01 | ₩368500.00 | x |
| 2022-12-31 | ₩137382.03 | ₩368500.00 | x |
| 2023-12-31 | ₩140051.51 | ₩368500.00 | x |
| 2024-12-31 | ₩156960.83 | ₩368500.00 | x |
| 2025-12-31 | ₩187883.01 | ₩368500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea Shipbuilding & Offshore Engineering 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): 16.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.24%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 2.98x
- Recent ROE (16.32%) is above the historical average (7.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 4.33% | 1.45% | 0.70x | 4.29x | ₩-181.14 Billion |
| 2004 | 1.49% | 0.42% | 0.81x | 4.32x | ₩-287.99 Billion |
| 2005 | 5.26% | 1.26% | 0.86x | 4.88x | ₩-157.36 Billion |
| 2006 | 17.47% | 4.26% | 0.89x | 4.61x | ₩300.77 Billion |
| 2007 | 31.59% | 8.28% | 0.83x | 4.62x | ₩1.18 Trillion |
| 2008 | 39.71% | 8.20% | 0.72x | 6.76x | ₩1.69 Trillion |
| 2009 | 21.84% | 7.32% | 0.80x | 3.72x | ₩1.16 Trillion |
| 2010 | 27.17% | 8.31% | 0.99x | 3.31x | ₩2.37 Trillion |
| 2011 | 15.62% | 4.76% | 1.10x | 2.99x | ₩921.09 Billion |
| 2012 | 5.83% | 1.79% | 1.12x | 2.92x | ₩-703.81 Billion |
| 2013 | 1.62% | 0.51% | 1.02x | 3.08x | ₩-1.45 Trillion |
| 2014 | -11.66% | -3.36% | 0.98x | 3.52x | ₩-3.29 Trillion |
| 2015 | -9.83% | -2.91% | 0.94x | 3.60x | ₩-2.72 Trillion |
| 2016 | 3.42% | 1.41% | 0.79x | 3.07x | ₩-1.05 Trillion |
| 2017 | 22.10% | 15.89% | 0.51x | 2.73x | ₩1.35 Trillion |
| 2018 | -4.12% | -3.73% | 0.53x | 2.08x | ₩-1.68 Trillion |
| 2019 | 1.42% | 1.08% | 0.61x | 2.17x | ₩-992.61 Billion |
| 2020 | -7.65% | -5.59% | 0.59x | 2.31x | ₩-1.92 Trillion |
| 2021 | -9.43% | -6.00% | 0.57x | 2.77x | ₩-1.91 Trillion |
| 2022 | -2.23% | -1.25% | 0.58x | 3.08x | ₩-1.19 Trillion |
| 2023 | 2.24% | 1.04% | 0.66x | 3.26x | ₩-768.66 Billion |
| 2024 | 10.56% | 4.59% | 0.70x | 3.31x | ₩62.39 Billion |
| 2025 | 16.32% | 7.24% | 0.76x | 2.98x | ₩839.80 Billion |
Industry Comparison
This section compares Korea Shipbuilding & Offshore Engineering Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,129,390,513,972
- Average return on equity (ROE) among peers: 10.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Shipbuilding & Offshore Engineering Co Ltd (009540) | ₩16.91 Trillion | 4.33% | 1.34x | $17.66 Billion |
| SNT Dynamics Co Ltd (003570) | $323.56 Billion | 8.64% | 1.62x | $490.02 Million |
| Samsung Heavy Industries (010140) | $5.28 Trillion | 15.07% | 2.15x | $12.10 Billion |
| Firstec (010820) | $49.05 Billion | 3.29% | 1.42x | $175.86 Million |
| Hanwha Aerospace Co Ltd (012450) | $2.99 Trillion | 4.06% | 2.17x | $32.04 Billion |
| Hanwha Ocean Co., Ltd (042660) | $638.12 Billion | 8.71% | 4.10x | $17.23 Billion |
| Korea Aerospace Industries (047810) | $1.18 Trillion | 14.40% | 2.69x | $8.17 Billion |
| LIG Nex1 Co Ltd (079550) | $577.08 Billion | 14.39% | 2.04x | $10.35 Billion |
| Hanwha Systems Co Ltd (272210) | $2.42 Trillion | 18.80% | 1.37x | $8.00 Billion |
| Hyundai Heavy Industries Co Ltd (329180) | $5.70 Trillion | 10.90% | 2.40x | $33.47 Billion |
About Korea Shipbuilding & Offshore Engineering Co Ltd
HD Korea Shipbuilding & Offshore Engineering Co., Ltd. engages in shipbuilding and offshore engineering business in South Korea. The company offers ship types, including tankers, container ships, petrochemical carriers, LNG carriers, LNG-FSRUs, LPG carriers, LEG carriers, car carriers, Ro-Pax, Ro-Ro, LNG bunkering carriers, and LCO2 ships; and offshore plant business includes the manufacturing an… Read more