SEONGAN CO. Ltd (011300) - Net Assets
Based on the latest financial reports, SEONGAN CO. Ltd (011300) has net assets worth ₩36.45 Billion KRW (≈ $24.70 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 (₩106.97 Billion ≈ $72.49 Million USD) and total liabilities (₩70.52 Billion ≈ $47.79 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 SEONGAN CO. Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore SEONGAN CO. Ltd asset portfolio for the complete picture of this company's asset base.
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. For live valuation and market cap data, see how much is SEONGAN CO. Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩31.10 Billion ≈ $21.07 Million |
+14.93% |
| 2023-12-31 | ₩27.06 Billion ≈ $18.34 Million |
+21.78% |
| 2022-12-31 | ₩22.22 Billion ≈ $15.06 Million |
-38.56% |
| 2021-12-31 | ₩36.16 Billion ≈ $24.50 Million |
-45.32% |
| 2020-12-31 | ₩66.12 Billion ≈ $44.81 Million |
-16.59% |
| 2019-12-31 | ₩79.28 Billion ≈ $53.72 Million |
-16.42% |
| 2018-12-31 | ₩94.85 Billion ≈ $64.28 Million |
-11.99% |
| 2017-12-31 | ₩107.77 Billion ≈ $73.04 Million |
+22.98% |
| 2016-12-31 | ₩87.64 Billion ≈ $59.39 Million |
-10.09% |
| 2015-12-31 | ₩97.47 Billion ≈ $66.06 Million |
-5.90% |
| 2014-12-31 | ₩103.58 Billion ≈ $70.19 Million |
-4.35% |
| 2013-12-31 | ₩108.29 Billion ≈ $73.38 Million |
+3.38% |
| 2012-12-31 | ₩104.75 Billion ≈ $70.99 Million |
+5.21% |
| 2011-12-31 | ₩99.56 Billion ≈ $67.47 Million |
+10.38% |
| 2010-12-31 | ₩90.20 Billion ≈ $61.13 Million |
+7.29% |
| 2009-12-31 | ₩84.07 Billion ≈ $56.97 Million |
+35.29% |
| 2008-12-31 | ₩62.14 Billion ≈ $42.11 Million |
+9.01% |
| 2007-12-31 | ₩57.01 Billion ≈ $38.63 Million |
-19.92% |
| 2006-12-31 | ₩71.19 Billion ≈ $48.24 Million |
-17.53% |
| 2005-12-31 | ₩86.32 Billion ≈ $58.50 Million |
+0.17% |
| 2004-12-31 | ₩86.17 Billion ≈ $58.39 Million |
+13.91% |
| 2003-12-31 | ₩75.64 Billion ≈ $51.26 Million |
-14.23% |
| 2002-12-31 | ₩88.19 Billion ≈ $59.76 Million |
+2.97% |
| 2001-12-31 | ₩85.65 Billion ≈ $58.04 Million |
+6.06% |
| 2000-12-31 | ₩80.76 Billion ≈ $54.73 Million |
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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 |
|---|---|
|
Fastighets AB Trianon (publ)
ST:TRIAN-B
|
$334.81 Million |
|
LUBAWA SA
WAR:LBW
|
$334.99 Million |
|
Viemed Healthcare Inc
NASDAQ:VMD
|
$335.11 Million |
|
China Tian Lun Gas Holdings Limited
F:TLJ
|
$335.16 Million |
|
Mirbud SA
WAR:MRB
|
$334.81 Million |
|
Delcath Systems Inc
NASDAQ:DCTH
|
$334.77 Million |
|
Cahya Mata Sarawak Bhd
KLSE:2852
|
$334.77 Million |
|
Bredband2 i Skandinavien AB
ST:BRE2
|
$334.75 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: 13.40x
- 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 2.03x to 13.40x 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 | ₩3175.00 | x |
| 2018-12-31 | ₩1375.57 | ₩3175.00 | x |
| 2019-12-31 | ₩1171.29 | ₩3175.00 | x |
| 2020-12-31 | ₩1012.10 | ₩3175.00 | x |
| 2021-12-31 | ₩636.05 | ₩3175.00 | x |
| 2022-12-31 | ₩458.09 | ₩3175.00 | x |
| 2023-12-31 | ₩401.71 | ₩3175.00 | x |
| 2024-12-31 | ₩236.89 | ₩3175.00 | 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: $236,890,188,654
- Average return on equity (ROE) among peers: 4.17%
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 | $334.81 Million |
| Kyungbangco.Ltd (000050) | $385.43 Billion | 17.01% | 0.48x | $170.54 Million |
| Chonbang (000950) | $155.64 Billion | 1.69% | 0.95x | $26.37 Million |
| Silla Textile Co.Ltd (001000) | $14.46 Billion | 1.57% | 1.22x | $27.59 Million |
| Taihan Textile (001070) | $132.34 Billion | 0.84% | 0.40x | $17.14 Million |
| DI Dong Il Corp (001530) | $586.40 Billion | 1.44% | 0.67x | $401.73 Million |
| Ilshin Spinnin (003200) | $358.62 Billion | 3.10% | 0.22x | $192.22 Million |
| Pang Rim Spinn (003610) | $180.57 Billion | 3.72% | 0.27x | $124.68 Million |
| Daehan Synthet (003830) | $400.36 Billion | 3.83% | 0.21x | $91.09 Million |
| Duksung (004830) | $62.68 Billion | 1.10% | 0.56x | $46.27 Million |
| Duksung Co Ltd (004835) | $92.41 Billion | 7.36% | 0.47x | $6.47 Million |
About 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.