Korea Refract
Korea Refractories Co., Ltd operates in the refractories industry in South Korea. The company's refractories include shaped, monolithic, and functional refractories. It also designs, constructs, and operates heating and heat treatment facilities for various industries; designs, constructs, and supervises refractories that are used for industrial plants, including metal, chemical, power generation… Read more
Korea Refract (010040) - Net Assets
Latest net assets as of September 2025: ₩163.03 Billion KRW
Based on the latest financial reports, Korea Refract (010040) has net assets worth ₩163.03 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 (₩273.29 Billion) and total liabilities (₩110.26 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 | ₩163.03 Billion |
| % of Total Assets | 59.65% |
| Annual Growth Rate | 13.1% |
| 5-Year Change | 25.93% |
| 10-Year Change | 147.9% |
| Growth Volatility | 36.6 |
Korea Refract - Net Assets Trend (2008–2024)
This chart illustrates how Korea Refract's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korea Refract (2008–2024)
The table below shows the annual net assets of Korea Refract from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩181.57 Billion | -11.74% |
| 2023-12-31 | ₩205.72 Billion | -6.64% |
| 2022-12-31 | ₩220.34 Billion | -13.20% |
| 2021-12-31 | ₩253.86 Billion | +76.07% |
| 2020-12-31 | ₩144.18 Billion | +2.64% |
| 2019-12-31 | ₩140.47 Billion | +8.53% |
| 2018-12-31 | ₩129.43 Billion | +5.08% |
| 2017-12-31 | ₩123.18 Billion | +14.03% |
| 2016-12-31 | ₩108.02 Billion | +47.48% |
| 2011-12-31 | ₩73.25 Billion | +41.81% |
| 2009-12-31 | ₩51.65 Billion | +104.03% |
| 2008-12-31 | ₩25.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korea Refract'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 816.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩92.84 Billion | 51.13% |
| Other Components | ₩88.74 Billion | 48.87% |
| Total Equity | ₩181.57 Billion | 100.00% |
Korea Refract Competitors by Market Cap
The table below lists competitors of Korea Refract ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
E79 Gold Mines Ltd
AU:E79
|
$5.94 Million |
|
Viettronics Tan Binh JSC
VN:VTB
|
$5.94 Million |
|
China Jo-Jo Drugstores Inc
NASDAQ:CJJD
|
$5.94 Million |
|
Kintavar Exploration Inc
V:KTR
|
$5.94 Million |
|
GreenMerc AB (publ)
F:L5L
|
$5.93 Million |
|
PT Graha Prima Mentari Tbk
JK:GRPM
|
$5.93 Million |
|
China Times Publishing Co
TWO:8923
|
$5.92 Million |
|
Pinelawn Cemetery
PINK:PLWN
|
$5.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea Refract's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 205,716,398,020 to 181,574,402,960, a change of -24,141,995,060 (-11.7%).
- Net income of 5,505,120,870 contributed positively to equity growth.
- Dividend payments of 1,594,669,590 reduced retained earnings.
- Other factors decreased equity by 28,052,446,340.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.51 Billion | +3.03% |
| Dividends Paid | ₩1.59 Billion | -0.88% |
| Other Changes | ₩-28.05 Billion | -15.45% |
| Total Change | ₩- | -11.74% |
Book Value vs Market Value Analysis
This analysis compares Korea Refract'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: 0.40x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩5792.80 | ₩2040.00 | x |
| 2018-12-31 | ₩6086.92 | ₩2040.00 | x |
| 2019-12-31 | ₩6290.48 | ₩2040.00 | x |
| 2020-12-31 | ₩6456.78 | ₩2040.00 | x |
| 2021-12-31 | ₩7163.74 | ₩2040.00 | x |
| 2022-12-31 | ₩6217.87 | ₩2040.00 | x |
| 2023-12-31 | ₩5805.11 | ₩2040.00 | x |
| 2024-12-31 | ₩5123.85 | ₩2040.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea Refract 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): 3.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.32%
- • Asset Turnover: 1.35x
- • Equity Multiplier: 1.69x
- Recent ROE (3.03%) is above the historical average (2.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -5.89% | -1.78% | 0.80x | 4.13x | ₩-4.02 Billion |
| 2009 | -11.32% | -4.71% | 0.72x | 3.32x | ₩-11.01 Billion |
| 2010 | 8.60% | 2.33% | 0.00x | 0.00x | ₩-752.52 Million |
| 2011 | 17.88% | 5.61% | 1.23x | 2.59x | ₩5.77 Billion |
| 2016 | 5.31% | 2.22% | 1.26x | 1.90x | ₩-5.07 Billion |
| 2017 | 9.45% | 4.31% | 1.26x | 1.75x | ₩-673.31 Million |
| 2018 | 5.52% | 2.98% | 1.17x | 1.58x | ₩-5.79 Billion |
| 2019 | 3.05% | 1.91% | 1.07x | 1.49x | ₩-9.76 Billion |
| 2020 | 1.02% | 0.72% | 1.00x | 1.41x | ₩-12.94 Billion |
| 2021 | 2.24% | 2.09% | 0.76x | 1.41x | ₩-19.70 Billion |
| 2022 | 0.37% | 0.23% | 1.10x | 1.48x | ₩-21.23 Billion |
| 2023 | -7.16% | -3.58% | 1.24x | 1.62x | ₩-35.30 Billion |
| 2024 | 3.03% | 1.32% | 1.35x | 1.69x | ₩-12.65 Billion |
Industry Comparison
This section compares Korea Refract's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $138,463,483,542
- Average return on equity (ROE) among peers: 2.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Refract (010040) | ₩163.03 Billion | -5.89% | 0.68x | $5.93 Million |
| Hwacheon Mac (000850) | $337.27 Billion | 2.57% | 0.27x | $28.32 Million |
| Daidong Elec (008110) | $88.61 Billion | 9.10% | 0.47x | $11.34 Million |
| Booster Co. Ltd (008470) | $78.71 Billion | -1.57% | 0.22x | $7.43 Million |
| Simpac (009160) | $177.87 Billion | 4.27% | 0.64x | $73.77 Million |
| Kyung Dong Navien Co Ltd (009450) | $187.28 Billion | 5.94% | 0.89x | $260.71 Million |
| Woojin I&S Co Ltd (010400) | $59.84 Billion | 17.27% | 0.32x | $6.85 Million |
| Hwacheon Machi (010660) | $124.59 Billion | -4.92% | 0.27x | $43.29 Million |
| Han Shin Mach (011700) | $89.60 Billion | -1.35% | 0.41x | $87.00 Million |
| STX Corporation (011810) | $102.41 Billion | -13.24% | 6.24x | $45.77 Million |