Firstec

KO:010820 Korea Aerospace & Defense
Market Cap
$250.57 Million
₩366.89 Billion KRW
Market Cap Rank
#16983 Global
#545 in Korea
Share Price
₩7550.00
Change (1 day)
-5.63%
52-Week Range
₩3105.00 - ₩9020.00
All Time High
₩9020.00
Categories
Companies in Korea Aerospace & Defense
About

FIRSTEC Co., Ltd engages in the design, manufacture, and sale of various products for defense industry worldwide. It offers guided weapon products, including drive, guidance control, launch control, and wiring devices; electric battlefields, cooling systems, and automatic fire extinguishing systems for mobility and firepower systems; avionics, driving device, propulsion/fuel, environmental contro… Read more

Firstec (010820) - Net Assets

Latest net assets as of September 2025: ₩70.64 Billion KRW

Based on the latest financial reports, Firstec (010820) has net assets worth ₩70.64 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 (₩388.41 Billion) and total liabilities (₩317.77 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 ₩70.64 Billion
% of Total Assets 18.19%
Annual Growth Rate -1.91%
5-Year Change 42.39%
10-Year Change -12.96%
Growth Volatility 26.76

Firstec - Net Assets Trend (2003–2024)

This chart illustrates how Firstec's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Firstec (2003–2024)

The table below shows the annual net assets of Firstec from 2003 to 2024.

Year Net Assets Change
2024-12-31 ₩63.67 Billion +2.14%
2023-12-31 ₩62.34 Billion +10.01%
2022-12-31 ₩56.66 Billion +30.55%
2021-12-31 ₩43.40 Billion -2.93%
2020-12-31 ₩44.71 Billion +63.92%
2019-12-31 ₩27.28 Billion -30.92%
2018-12-31 ₩39.49 Billion -51.10%
2017-12-31 ₩80.74 Billion +8.11%
2016-12-31 ₩74.69 Billion +2.10%
2015-12-31 ₩73.15 Billion +3.41%
2014-12-31 ₩70.74 Billion +2.45%
2013-12-31 ₩69.05 Billion +0.58%
2012-12-31 ₩68.65 Billion +0.05%
2011-12-31 ₩68.61 Billion -19.50%
2010-12-31 ₩85.23 Billion +11.60%
2009-12-31 ₩76.37 Billion +55.70%
2008-12-31 ₩49.05 Billion -1.26%
2007-12-31 ₩49.67 Billion +14.54%
2006-12-31 ₩43.37 Billion -38.84%
2005-12-31 ₩70.90 Billion +6.84%
2004-12-31 ₩66.36 Billion -30.56%
2003-12-31 ₩95.56 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Firstec'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 590487279000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩5.90 Billion 9.27%
Other Components ₩57.77 Billion 90.73%
Total Equity ₩63.67 Billion 100.00%

Firstec Competitors by Market Cap

The table below lists competitors of Firstec ranked by their market capitalization.

Company Market Cap
Sam-A Aluminiu
KO:006110
 		$133.88 Million
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd
SHE:200530
 		$133.89 Million
JanOne Inc
F:5AR1
 		$133.90 Million
Hangzhou Huasu Technology Co. Ltd. A
SHE:301157
 		$133.95 Million
Tjk Machinery Tianjin Co Ltd
SHE:300823
 		$133.87 Million
First Steamship Co Ltd
TW:2601
 		$133.86 Million
First Farmers and Merchants Corporation
PINK:FFMH
 		$133.86 Million
Biosolution Co.Ltd
KQ:086820
 		$133.82 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Firstec's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 62,336,375,930 to 63,670,295,820, a change of 1,333,919,890 (2.1%).
  • Net income of 10,919,360,110 contributed positively to equity growth.
  • Other factors decreased equity by 9,585,440,220.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩10.92 Billion +17.15%
Other Changes ₩-9.59 Billion -15.05%
Total Change ₩- 2.14%

Book Value vs Market Value Analysis

This analysis compares Firstec'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: 5.76x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has increased from 4.62x to 5.76x 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 ₩1634.38 ₩7550.00 x
2018-12-31 ₩847.56 ₩7550.00 x
2019-12-31 ₩585.52 ₩7550.00 x
2020-12-31 ₩933.79 ₩7550.00 x
2021-12-31 ₩906.43 ₩7550.00 x
2022-12-31 ₩1183.31 ₩7550.00 x
2023-12-31 ₩1282.78 ₩7550.00 x
2024-12-31 ₩1310.23 ₩7550.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Firstec 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): 17.15%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.27%
  • • Asset Turnover: 0.59x
  • • Equity Multiplier: 5.50x
  • Recent ROE (17.15%) is above the historical average (-0.87%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 3.47% 2.58% 0.69x 1.95x ₩-5.51 Billion
2005 8.22% 2.28% 1.29x 2.80x ₩-1.05 Billion
2006 6.29% 0.98% 1.87x 3.42x ₩-997.86 Million
2007 2.55% 0.98% 0.80x 3.24x ₩-2.20 Billion
2008 5.17% 1.00% 1.35x 3.81x ₩-1.51 Billion
2009 0.16% 0.06% 1.13x 2.45x ₩-5.46 Billion
2010 10.75% 4.37% 1.11x 2.21x ₩469.98 Million
2011 4.01% 3.27% 0.72x 1.70x ₩-4.11 Billion
2012 3.77% 2.83% 0.69x 1.92x ₩-4.28 Billion
2013 3.44% 2.18% 0.74x 2.14x ₩-4.53 Billion
2014 2.18% 1.22% 0.58x 3.08x ₩-5.07 Billion
2015 3.64% 1.76% 0.68x 3.03x ₩-4.28 Billion
2016 -0.73% -0.33% 0.75x 2.95x ₩-7.36 Billion
2017 4.75% 2.23% 0.82x 2.59x ₩-4.00 Billion
2018 -90.04% -27.02% 0.82x 4.07x ₩-39.50 Billion
2019 -38.44% -8.30% 0.69x 6.68x ₩-13.21 Billion
2020 15.95% 5.40% 0.73x 4.04x ₩2.66 Billion
2021 8.93% 2.83% 0.74x 4.28x ₩-466.19 Million
2022 3.17% 1.12% 0.76x 3.73x ₩-3.87 Billion
2023 7.41% 2.67% 0.65x 4.25x ₩-1.61 Billion
2024 17.15% 5.27% 0.59x 5.50x ₩4.55 Billion

Industry Comparison

This section compares Firstec's net assets metrics with peer companies in the Aerospace & Defense industry.

Industry Context

  • Industry: Aerospace & Defense
  • Average net assets among peers: $2,689,345,396,533
  • Average return on equity (ROE) among peers: 3.10%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Firstec (010820) ₩70.64 Billion 3.47% 4.50x $133.88 Million
SNT Dynamics Co Ltd (003570) $770.53 Billion 6.94% 0.53x $326.62 Million
Korea Shipbuilding & Offshore Engineering Co Ltd (009540) $3.51 Trillion 3.93% 2.90x $13.16 Billion
Samsung Heavy Industries (010140) $3.72 Trillion -39.87% 2.48x $12.25 Billion
Hanwha Aerospace Co Ltd (012450) $2.64 Trillion 1.23% 1.81x $22.01 Billion
Hanwha Ocean Co., Ltd (042660) $3.89 Trillion 19.61% 2.93x $11.69 Billion
Korea Aerospace Industries (047810) $845.57 Billion 8.68% 1.08x $7.66 Billion
LIG Nex1 Co Ltd (079550) $1.05 Trillion 16.63% 2.63x $6.45 Billion
Hanwha Systems Co Ltd (272210) $2.42 Trillion 18.80% 1.37x $6.94 Billion
Hyundai Heavy Industries Co Ltd (329180) $5.36 Trillion -8.05% 1.57x $10.96 Billion