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 ₩15.95 Trillion KRW (≈ $10.81 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 (₩38.43 Trillion ≈ $26.04 Billion USD) and total liabilities (₩22.48 Trillion ≈ $15.23 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 009540 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩15.95 Trillion |
| % of Total Assets | 41.51% |
| Annual Growth Rate | 5.95% |
| 5-Year Change | 13.96% |
| 10-Year Change | -8.23% |
| Growth Volatility | 19.53 |
Korea Shipbuilding & Offshore Engineering Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Korea Shipbuilding & Offshore Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Korea Shipbuilding & Offshore Engineerin for the complete picture of this company's asset base.
Annual Net Assets for Korea Shipbuilding & Offshore Engineering Co Ltd (2000–2024)
The table below shows the annual net assets of Korea Shipbuilding & Offshore Engineering Co Ltd from 2000 to 2024. For live valuation and market cap data, see market cap of Korea Shipbuilding & Offshore Engineerin.
| Year | Net Assets | Change |
|---|---|---|
| 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 1508387946500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩15.08 Trillion | 135.90% |
| Total Equity | ₩11.10 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 |
|---|---|
|
WSP Global Inc
TO:WSP
|
$22.14 Billion |
|
Schindler Holding AG
SW:SCHN
|
$22.15 Billion |
|
Regions Financial Corporation
NYSE:RF
|
$22.20 Billion |
|
Dr Ing hcF Porsche AG
F:P911
|
$22.23 Billion |
|
Pure Storage Inc
NYSE:PSTG
|
$22.11 Billion |
|
Dassault Systèmes SE
F:DSY
|
$22.06 Billion |
|
American Water Works Company Inc.
F:AWC
|
$22.06 Billion |
|
STD BK GRP SP.ADRS RC-10
F:SKCS
|
$22.06 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 2023 to 2024, total equity changed from 9,903,690,500,000 to 11,099,427,059,000, a change of 1,195,736,559,000 (12.1%).
- Net income of 1,172,335,951,000 contributed positively to equity growth.
- Dividend payments of 1,039,285,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.17 Trillion | +10.56% |
| Dividends Paid | ₩1.04 Billion | -0.01% |
| Other Changes | ₩24.44 Billion | +0.22% |
| Total Change | ₩- | 12.07% |
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: 2.94x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 2.46x to 2.94x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩187277.87 | ₩461500.00 | x |
| 2018-12-31 | ₩168030.60 | ₩461500.00 | x |
| 2019-12-31 | ₩163571.56 | ₩461500.00 | x |
| 2020-12-31 | ₩154229.70 | ₩461500.00 | x |
| 2021-12-31 | ₩139385.01 | ₩461500.00 | x |
| 2022-12-31 | ₩137382.03 | ₩461500.00 | x |
| 2023-12-31 | ₩140051.51 | ₩461500.00 | x |
| 2024-12-31 | ₩156960.83 | ₩461500.00 | 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): 10.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.59%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 3.31x
- Recent ROE (10.56%) is above the historical average (7.58%), 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 |
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: $2,177,196,828,257
- Average return on equity (ROE) among peers: 8.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Shipbuilding & Offshore Engineering Co Ltd (009540) | ₩15.95 Trillion | 4.33% | 1.41x | $22.12 Billion |
| SNT Dynamics Co Ltd (003570) | $604.53 Billion | -5.12% | 0.39x | $957.63 Million |
| Samsung Heavy Industries (010140) | $5.85 Trillion | 10.81% | 1.98x | $18.72 Billion |
| Firstec (010820) | $70.90 Billion | 6.87% | 1.34x | $444.58 Million |
| Hanwha Aerospace Co Ltd (012450) | $1.63 Trillion | 14.12% | 0.97x | $34.87 Billion |
| Hanwha Ocean Co., Ltd (042660) | $2.99 Trillion | 20.78% | 2.83x | $27.37 Billion |
| Korea Aerospace Industries (047810) | $961.56 Billion | 9.37% | 1.06x | $11.16 Billion |
| LIG Nex1 Co Ltd (079550) | $1.05 Trillion | 16.63% | 2.63x | $13.93 Billion |
| Hanwha Systems Co Ltd (272210) | $820.97 Billion | 5.02% | 1.32x | $14.86 Billion |
| Hyundai Heavy Industries Co Ltd (329180) | $5.62 Trillion | -1.58% | 1.47x | $48.72 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