Hwashin (010690) - Net Assets
Based on the latest financial reports, Hwashin (010690) has net assets worth ₩543.72 Billion KRW (≈ $368.47 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 (₩1.50 Trillion ≈ $1.02 Billion USD) and total liabilities (₩957.05 Billion ≈ $648.58 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. Check 010690 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩543.72 Billion |
| % of Total Assets | 36.23% |
| Annual Growth Rate | 9.21% |
| 5-Year Change | 102.39% |
| 10-Year Change | 42.4% |
| Growth Volatility | 14.5 |
Hwashin - Net Assets Trend (2000–2024)
This chart illustrates how Hwashin's net assets have evolved over time, based on quarterly financial data. Also explore Hwashin balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Hwashin (2000–2024)
The table below shows the annual net assets of Hwashin from 2000 to 2024. For live valuation and market cap data, see Hwashin market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩517.43 Billion ≈ $350.66 Million |
+16.26% |
| 2023-12-31 | ₩445.06 Billion ≈ $301.61 Million |
+24.72% |
| 2022-12-31 | ₩356.86 Billion ≈ $241.84 Million |
+23.72% |
| 2021-12-31 | ₩288.44 Billion ≈ $195.47 Million |
+12.82% |
| 2020-12-31 | ₩255.66 Billion ≈ $173.26 Million |
-14.70% |
| 2019-12-31 | ₩299.73 Billion ≈ $203.12 Million |
+2.23% |
| 2018-12-31 | ₩293.18 Billion ≈ $198.68 Million |
-16.89% |
| 2017-12-31 | ₩352.74 Billion ≈ $239.05 Million |
-10.44% |
| 2016-12-31 | ₩393.84 Billion ≈ $266.90 Million |
+8.39% |
| 2015-12-31 | ₩363.36 Billion ≈ $246.24 Million |
-3.78% |
| 2014-12-31 | ₩377.62 Billion ≈ $255.91 Million |
+12.86% |
| 2013-12-31 | ₩334.58 Billion ≈ $226.74 Million |
-8.69% |
| 2012-12-31 | ₩366.45 Billion ≈ $248.34 Million |
+0.89% |
| 2011-12-31 | ₩363.23 Billion ≈ $246.15 Million |
+35.66% |
| 2010-12-31 | ₩267.75 Billion ≈ $181.45 Million |
+42.66% |
| 2009-12-31 | ₩187.69 Billion ≈ $127.19 Million |
+25.22% |
| 2008-12-31 | ₩149.88 Billion ≈ $101.57 Million |
+15.49% |
| 2007-12-31 | ₩129.78 Billion ≈ $87.95 Million |
+16.67% |
| 2006-12-31 | ₩111.24 Billion ≈ $75.38 Million |
+7.49% |
| 2005-12-31 | ₩103.48 Billion ≈ $70.13 Million |
+11.06% |
| 2004-12-31 | ₩93.17 Billion ≈ $63.14 Million |
+2.08% |
| 2003-12-31 | ₩91.28 Billion ≈ $61.86 Million |
+15.33% |
| 2002-12-31 | ₩79.15 Billion ≈ $53.64 Million |
+14.59% |
| 2001-12-31 | ₩69.07 Billion ≈ $46.81 Million |
+10.61% |
| 2000-12-31 | ₩62.44 Billion ≈ $42.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hwashin'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 45541256693000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩455.41 Billion | 88.01% |
| Other Components | ₩62.04 Billion | 11.99% |
| Total Equity | ₩517.45 Billion | 100.00% |
Hwashin Competitors by Market Cap
The table below lists competitors of Hwashin ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jasmine International Public Company Limited
BK:JAS
|
$292.06 Million |
|
Abeona Therapeutics Inc
NASDAQ:ABEO
|
$292.09 Million |
|
Chang Chun Eurasia Group Co Ltd
SHG:600697
|
$292.16 Million |
|
QORIA Ltd
AU:QOR
|
$292.25 Million |
|
Khgears International Limited
TW:4571
|
$291.98 Million |
|
Hansa Biopharma AB
ST:HNSA
|
$291.91 Million |
|
Cia de Ferro Ligas da Bahia - FERBASA
SA:FESA3
|
$291.90 Million |
|
Sindoh
KO:029530
|
$291.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hwashin's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 445,066,909,590 to 517,450,986,460, a change of 72,384,076,870 (16.3%).
- Net income of 53,576,262,950 contributed positively to equity growth.
- Dividend payments of 5,212,250,900 reduced retained earnings.
- Other factors increased equity by 24,020,064,820.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩53.58 Billion | +10.35% |
| Dividends Paid | ₩5.21 Billion | -1.01% |
| Other Changes | ₩24.02 Billion | +4.64% |
| Total Change | ₩- | 16.26% |
Book Value vs Market Value Analysis
This analysis compares Hwashin'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: 0.83x
- 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 1.22x to 0.83x 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 | ₩10157.29 | ₩12400.00 | x |
| 2018-12-31 | ₩8903.84 | ₩12400.00 | x |
| 2019-12-31 | ₩9102.57 | ₩12400.00 | x |
| 2020-12-31 | ₩7764.67 | ₩12400.00 | x |
| 2021-12-31 | ₩8760.40 | ₩12400.00 | x |
| 2022-12-31 | ₩10838.72 | ₩12400.00 | x |
| 2023-12-31 | ₩12808.26 | ₩12400.00 | x |
| 2024-12-31 | ₩14891.34 | ₩12400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hwashin 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): 10.35%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.13%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 2.55x
- Recent ROE (10.35%) is above the historical average (7.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 6.10% | 1.86% | 1.53x | 2.15x | ₩-2.36 Billion |
| 2001 | 10.95% | 3.74% | 1.60x | 1.83x | ₩635.77 Million |
| 2002 | 11.39% | 3.87% | 1.67x | 1.76x | ₩1.04 Billion |
| 2003 | 11.97% | 3.71% | 1.39x | 2.32x | ₩1.65 Billion |
| 2004 | 9.57% | 2.32% | 1.32x | 3.11x | ₩-361.93 Million |
| 2005 | 4.96% | 0.93% | 1.45x | 3.67x | ₩-4.56 Billion |
| 2006 | 11.00% | 1.77% | 1.67x | 3.70x | ₩983.61 Million |
| 2007 | 13.77% | 2.42% | 1.58x | 3.59x | ₩4.34 Billion |
| 2008 | 5.06% | 0.81% | 1.50x | 4.13x | ₩-6.54 Billion |
| 2009 | 25.53% | 3.97% | 1.78x | 3.62x | ₩25.92 Billion |
| 2010 | 29.85% | 5.16% | 2.03x | 2.84x | ₩48.48 Billion |
| 2011 | 10.31% | 2.33% | 1.68x | 2.64x | ₩1.06 Billion |
| 2012 | 6.95% | 1.45% | 1.90x | 2.51x | ₩-10.39 Billion |
| 2013 | 0.30% | 0.07% | 1.90x | 2.35x | ₩-32.28 Billion |
| 2014 | 11.70% | 3.35% | 1.42x | 2.47x | ₩6.39 Billion |
| 2015 | -6.39% | -1.85% | 1.39x | 2.48x | ₩-59.46 Billion |
| 2016 | 12.15% | 3.82% | 1.30x | 2.45x | ₩8.46 Billion |
| 2017 | -8.60% | -2.84% | 1.26x | 2.40x | ₩-65.59 Billion |
| 2018 | -19.48% | -5.31% | 1.30x | 2.83x | ₩-86.41 Billion |
| 2019 | 2.22% | 0.57% | 1.44x | 2.70x | ₩-23.33 Billion |
| 2020 | -21.21% | -5.00% | 1.32x | 3.22x | ₩-79.80 Billion |
| 2021 | 8.45% | 1.97% | 1.42x | 3.02x | ₩-4.46 Billion |
| 2022 | 20.80% | 4.39% | 1.68x | 2.82x | ₩38.53 Billion |
| 2023 | 17.36% | 4.29% | 1.51x | 2.69x | ₩32.77 Billion |
| 2024 | 10.35% | 3.13% | 1.30x | 2.55x | ₩1.83 Billion |
Industry Comparison
This section compares Hwashin's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $565,000,713,308
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hwashin (010690) | ₩543.72 Billion | 6.10% | 1.76x | $292.00 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $1.60 Billion |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $183.40 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $33.46 Million |
| Tae Won Mulsan (001420) | $32.20 Billion | 1.67% | 0.19x | $15.16 Million |
| Dongkook Ind (001620) | $170.07 Billion | -12.97% | 2.34x | $48.42 Million |
| PS Tec. Co. Ltd (002230) | $42.65 Billion | 9.95% | 0.26x | $112.51 Million |
| Nexen Tire (002350) | $1.60 Trillion | 0.30% | 1.39x | $484.20 Million |
| Nexen Tire Prf 1 (002355) | $1.56 Trillion | 7.59% | 1.21x | $19.07 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $31.63 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $33.27 Million |
About Hwashin
HWASHIN CO.,Ltd manufactures and sells automobile components. It offers chassis products, such as front and rear cross member type, front and rear lower arm, rear CTBA, rear trailing and assist arm, rear axle housing assembly, front upper arm, pedal, and fuel tank; body parts comprising REINF side outer, fender apron and member, center and rear floor, cowl complete and cross bar, bumper rail, and… Read more