SEONGAN CO. Ltd
Seong An Materials Co.,Ltd, a textile company, manufactures, exports, and sells fabric related products in Korea and internationally. The company offers polyester fabrics, mixed yarn fabrics, knits, and mechanical stretch fabrics. It offers its products under Kuntex, STARTEX, and SOFSIL brand names. The company was founded in 1953 and is headquartered in Seoul, South Korea.
SEONGAN CO. Ltd (011300) - Net Assets
Latest net assets as of September 2025: ₩36.45 Billion KRW
Based on the latest financial reports, SEONGAN CO. Ltd (011300) has net assets worth ₩36.45 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 (₩106.97 Billion) and total liabilities (₩70.52 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 | ₩36.45 Billion |
| % of Total Assets | 34.07% |
| Annual Growth Rate | -3.9% |
| 5-Year Change | -52.97% |
| 10-Year Change | -68.1% |
| Growth Volatility | 18.47 |
SEONGAN CO. Ltd - Net Assets Trend (2000–2024)
This chart illustrates how SEONGAN CO. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SEONGAN CO. Ltd (2000–2024)
The table below shows the annual net assets of SEONGAN CO. Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩31.10 Billion | +14.93% |
| 2023-12-31 | ₩27.06 Billion | +21.78% |
| 2022-12-31 | ₩22.22 Billion | -38.56% |
| 2021-12-31 | ₩36.16 Billion | -45.32% |
| 2020-12-31 | ₩66.12 Billion | -16.59% |
| 2019-12-31 | ₩79.28 Billion | -16.42% |
| 2018-12-31 | ₩94.85 Billion | -11.99% |
| 2017-12-31 | ₩107.77 Billion | +22.98% |
| 2016-12-31 | ₩87.64 Billion | -10.09% |
| 2015-12-31 | ₩97.47 Billion | -5.90% |
| 2014-12-31 | ₩103.58 Billion | -4.35% |
| 2013-12-31 | ₩108.29 Billion | +3.38% |
| 2012-12-31 | ₩104.75 Billion | +5.21% |
| 2011-12-31 | ₩99.56 Billion | +10.38% |
| 2010-12-31 | ₩90.20 Billion | +7.29% |
| 2009-12-31 | ₩84.07 Billion | +35.29% |
| 2008-12-31 | ₩62.14 Billion | +9.01% |
| 2007-12-31 | ₩57.01 Billion | -19.92% |
| 2006-12-31 | ₩71.19 Billion | -17.53% |
| 2005-12-31 | ₩86.32 Billion | +0.17% |
| 2004-12-31 | ₩86.17 Billion | +13.91% |
| 2003-12-31 | ₩75.64 Billion | -14.23% |
| 2002-12-31 | ₩88.19 Billion | +2.97% |
| 2001-12-31 | ₩85.65 Billion | +6.06% |
| 2000-12-31 | ₩80.76 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SEONGAN 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 decreased by 10340541400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩134.50 Billion | 432.54% |
| Total Equity | ₩31.10 Billion | 100.00% |
SEONGAN CO. Ltd Competitors by Market Cap
The table below lists competitors of SEONGAN CO. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Laserbond Ltd
AU:LBL
|
$23.63 Million |
|
IFirma SA
WAR:IFI
|
$23.64 Million |
|
Military Metals Corp.
OTCQB:MILIF
|
$23.65 Million |
|
LQwD FinTech Corp
OTCQX:LQWDF
|
$23.67 Million |
|
Shining Victory Motor Electronic Co., Ltd.
TW:2248
|
$23.63 Million |
|
American Hotel Income Properties REIT LP
OTCQX:AHOTF
|
$23.61 Million |
|
Paragon Union Bhd
KLSE:9407
|
$23.60 Million |
|
Pureun Mutual Savings Bank Co. Ltd
KQ:007330
|
$23.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SEONGAN CO. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,055,386,550 to 31,095,762,230, a change of 4,040,375,680 (14.9%).
- Net loss of 32,356,567,810 reduced equity.
- New share issuances of 10,993,218,640 increased equity.
- Other factors increased equity by 25,403,724,850.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-32.36 Billion | -104.05% |
| Share Issuances | ₩10.99 Billion | +35.35% |
| Other Changes | ₩25.40 Billion | +81.7% |
| Total Change | ₩- | 14.93% |
Book Value vs Market Value Analysis
This analysis compares SEONGAN 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: 1.34x
- 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 0.20x to 1.34x 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 | ₩1560.26 | ₩317.00 | x |
| 2018-12-31 | ₩1375.57 | ₩317.00 | x |
| 2019-12-31 | ₩1171.29 | ₩317.00 | x |
| 2020-12-31 | ₩1012.10 | ₩317.00 | x |
| 2021-12-31 | ₩636.05 | ₩317.00 | x |
| 2022-12-31 | ₩458.09 | ₩317.00 | x |
| 2023-12-31 | ₩401.71 | ₩317.00 | x |
| 2024-12-31 | ₩236.89 | ₩317.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SEONGAN 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): -104.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -126.95%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 3.76x
- Recent ROE (-104.05%) is below the historical average (-11.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 1.60% | 0.43% | 0.67x | 5.59x | ₩-5.49 Billion |
| 2001 | 3.47% | 0.95% | 0.71x | 5.14x | ₩-4.41 Billion |
| 2002 | 1.91% | 0.51% | 0.76x | 4.92x | ₩-5.53 Billion |
| 2004 | 6.94% | 2.04% | 0.74x | 4.57x | ₩-2.10 Billion |
| 2005 | 0.57% | 0.19% | 0.69x | 4.44x | ₩-6.26 Billion |
| 2008 | 2.13% | 0.45% | 0.84x | 5.61x | ₩-3.91 Billion |
| 2009 | 6.66% | 1.88% | 0.79x | 4.50x | ₩-2.18 Billion |
| 2010 | 3.39% | 0.93% | 0.85x | 4.31x | ₩-4.56 Billion |
| 2011 | 4.71% | 1.28% | 0.93x | 3.96x | ₩-4.10 Billion |
| 2012 | 4.94% | 1.48% | 0.91x | 3.67x | ₩-4.11 Billion |
| 2013 | 4.62% | 1.48% | 0.91x | 3.42x | ₩-4.53 Billion |
| 2014 | -4.79% | -1.70% | 0.86x | 3.28x | ₩-11.85 Billion |
| 2015 | -5.08% | -1.95% | 0.76x | 3.44x | ₩-11.39 Billion |
| 2016 | -0.90% | -0.31% | 0.76x | 3.73x | ₩-7.49 Billion |
| 2017 | -10.42% | -4.39% | 0.69x | 3.43x | ₩-17.49 Billion |
| 2018 | -13.49% | -4.63% | 0.72x | 4.06x | ₩-17.74 Billion |
| 2019 | -17.92% | -5.31% | 0.70x | 4.84x | ₩-17.95 Billion |
| 2020 | -39.22% | -17.02% | 0.41x | 5.63x | ₩-27.34 Billion |
| 2021 | 59.84% | 27.43% | 0.56x | 3.91x | ₩18.02 Billion |
| 2022 | -11.14% | -4.00% | 0.58x | 4.76x | ₩-5.51 Billion |
| 2023 | -155.59% | -124.59% | 0.26x | 4.75x | ₩-44.80 Billion |
| 2024 | -104.05% | -126.95% | 0.22x | 3.76x | ₩-35.47 Billion |
Industry Comparison
This section compares SEONGAN CO. Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $275,402,800,352
- Average return on equity (ROE) among peers: -0.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SEONGAN CO. Ltd (011300) | ₩36.45 Billion | 1.60% | 1.93x | $23.63 Million |
| Kyungbangco.Ltd (000050) | $741.93 Billion | 1.76% | 0.70x | $50.48 Million |
| Chonbang (000950) | $155.64 Billion | 1.69% | 0.95x | $23.93 Million |
| Silla Textile Co.Ltd (001000) | $13.37 Billion | -20.43% | 1.52x | $8.69 Million |
| Taihan Textile (001070) | $132.34 Billion | 0.84% | 0.40x | $8.76 Million |
| DI Dong Il Corp (001530) | $561.11 Billion | 0.00% | 0.64x | $232.14 Million |
| Ilshin Spinnin (003200) | $306.82 Billion | 2.19% | 0.49x | $78.30 Million |
| Pang Rim Spinn (003610) | $180.57 Billion | 3.72% | 0.27x | $55.21 Million |
| Daehan Synthet (003830) | $533.41 Billion | 4.22% | 0.14x | $28.15 Million |
| Duksung (004830) | $65.34 Billion | 0.80% | 0.61x | $35.51 Million |
| Duksung Co Ltd (004835) | $63.50 Billion | 0.82% | 0.53x | $47.24 Million |