Busan Ind
Busan Industrial Co., Ltd. provides concrete products in South Korea. It offers ready mixed concrete, concrete sleepers, RC segments, and architectural PCs. The company was founded in 1976 and is based in Busan, South Korea.
Busan Ind (011390) - Net Assets
Latest net assets as of September 2025: ₩169.35 Billion KRW
Based on the latest financial reports, Busan Ind (011390) has net assets worth ₩169.35 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 (₩326.81 Billion) and total liabilities (₩157.47 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 | ₩169.35 Billion |
| % of Total Assets | 51.82% |
| Annual Growth Rate | 9.84% |
| 5-Year Change | 114.27% |
| 10-Year Change | 208.39% |
| Growth Volatility | 23.74 |
Busan Ind - Net Assets Trend (2000–2024)
This chart illustrates how Busan Ind's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Busan Ind (2000–2024)
The table below shows the annual net assets of Busan Ind from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩174.52 Billion | +0.38% |
| 2023-12-31 | ₩173.87 Billion | +111.87% |
| 2022-12-31 | ₩82.06 Billion | +5.88% |
| 2021-12-31 | ₩77.51 Billion | -4.84% |
| 2020-12-31 | ₩81.45 Billion | +4.95% |
| 2019-12-31 | ₩77.61 Billion | +8.63% |
| 2018-12-31 | ₩71.44 Billion | +3.74% |
| 2017-12-31 | ₩68.87 Billion | +5.96% |
| 2016-12-31 | ₩65.00 Billion | +14.85% |
| 2015-12-31 | ₩56.59 Billion | +14.54% |
| 2014-12-31 | ₩49.41 Billion | +8.47% |
| 2013-12-31 | ₩45.55 Billion | +18.77% |
| 2012-12-31 | ₩38.35 Billion | -5.80% |
| 2011-12-31 | ₩40.71 Billion | -6.70% |
| 2010-12-31 | ₩43.64 Billion | +4.55% |
| 2009-12-31 | ₩41.74 Billion | +34.71% |
| 2008-12-31 | ₩30.99 Billion | +8.09% |
| 2007-12-31 | ₩28.67 Billion | -2.70% |
| 2006-12-31 | ₩29.46 Billion | +32.21% |
| 2005-12-31 | ₩22.29 Billion | -12.93% |
| 2004-12-31 | ₩25.60 Billion | -3.62% |
| 2003-12-31 | ₩26.56 Billion | +21.78% |
| 2002-12-31 | ₩21.81 Billion | +10.84% |
| 2001-12-31 | ₩19.67 Billion | +7.17% |
| 2000-12-31 | ₩18.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Busan Ind'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 4185323856000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩41.85 Billion | 32.04% |
| Other Components | ₩88.76 Billion | 67.96% |
| Total Equity | ₩130.61 Billion | 100.00% |
Busan Ind Competitors by Market Cap
The table below lists competitors of Busan Ind ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hotel Property Investments Ltd
AU:HPI
|
$26.52 Million |
|
Evertex Fabrinology Ltd
TW:1470
|
$26.53 Million |
|
Purit Co. Ltd.
KQ:445180
|
$26.53 Million |
|
Tailim Packaging Co Ltd
KO:011280
|
$26.54 Million |
|
Covalon Technologies Ltd
OTCQX:CVALF
|
$26.51 Million |
|
Fountain Set (Holdings) Limited
F:FOV
|
$26.51 Million |
|
Huvis Corporation
KO:079980
|
$26.51 Million |
|
Golden State Bancorp
OTCQX:GSBX
|
$26.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Busan Ind's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 130,139,886,690 to 130,609,480,270, a change of 469,593,580 (0.4%).
- Net loss of 2,739,630,420 reduced equity.
- Dividend payments of 264,000,000 reduced retained earnings.
- Other factors increased equity by 3,473,224,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.74 Billion | -2.1% |
| Dividends Paid | ₩264.00 Million | -0.2% |
| Other Changes | ₩3.47 Billion | +2.66% |
| Total Change | ₩- | 0.36% |
Book Value vs Market Value Analysis
This analysis compares Busan Ind'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: 0.62x
- 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 1.61x to 0.62x 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 | ₩47358.23 | ₩76200.00 | x |
| 2018-12-31 | ₩49551.09 | ₩76200.00 | x |
| 2019-12-31 | ₩52811.60 | ₩76200.00 | x |
| 2020-12-31 | ₩54994.07 | ₩76200.00 | x |
| 2021-12-31 | ₩52585.32 | ₩76200.00 | x |
| 2022-12-31 | ₩55020.45 | ₩76200.00 | x |
| 2023-12-31 | ₩123238.53 | ₩76200.00 | x |
| 2024-12-31 | ₩123683.22 | ₩76200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Busan Ind 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): -2.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.21%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.57x
- Recent ROE (-2.10%) is below the historical average (6.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 2.52% | 0.96% | 0.87x | 3.04x | ₩-1.26 Billion |
| 2002 | 12.46% | 4.36% | 1.00x | 2.85x | ₩451.03 Million |
| 2003 | 16.03% | 5.77% | 1.18x | 2.35x | ₩1.34 Billion |
| 2004 | 5.12% | 2.20% | 0.99x | 2.35x | ₩-1.10 Billion |
| 2009 | 2.06% | 1.00% | 0.80x | 2.59x | ₩-2.69 Billion |
| 2013 | 12.68% | 3.99% | 0.96x | 3.33x | ₩918.98 Million |
| 2014 | 7.73% | 3.20% | 0.79x | 3.05x | ₩-847.83 Million |
| 2015 | 11.60% | 4.45% | 0.96x | 2.73x | ₩671.67 Million |
| 2016 | 11.90% | 4.57% | 1.00x | 2.59x | ₩898.37 Million |
| 2017 | 6.25% | 2.66% | 0.94x | 2.51x | ₩-1.87 Billion |
| 2018 | 5.79% | 2.54% | 0.89x | 2.55x | ₩-2.20 Billion |
| 2019 | 6.98% | 2.76% | 1.04x | 2.44x | ₩-1.69 Billion |
| 2020 | 4.24% | 2.13% | 0.90x | 2.22x | ₩-3.34 Billion |
| 2021 | -3.33% | -1.45% | 0.96x | 2.41x | ₩-7.40 Billion |
| 2022 | 4.46% | 1.70% | 1.13x | 2.32x | ₩-3.22 Billion |
| 2023 | 2.70% | 2.51% | 0.50x | 2.14x | ₩-9.49 Billion |
| 2024 | -2.10% | -2.21% | 0.37x | 2.57x | ₩-15.80 Billion |
Industry Comparison
This section compares Busan Ind's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $599,472,160,449
- Average return on equity (ROE) among peers: 3.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Busan Ind (011390) | ₩169.35 Billion | 2.52% | 0.93x | $26.52 Million |
| Chosun Refractories Co Ltd (000480) | $634.19 Billion | 2.14% | 0.53x | $26.36 Million |
| Tongyang Inc (001525) | $788.24 Billion | 2.31% | 0.40x | $144.72 Million |
| Asia Cement (002030) | $1.23 Trillion | 2.84% | 0.39x | $138.40 Million |
| Hanil Cement Co Ltd (003300) | $1.74 Trillion | 0.79% | 0.89x | $128.53 Million |
| Korea Petroleum Industries Co (004090) | $20.15 Billion | 6.85% | 1.54x | $80.96 Million |
| TWay Holdings (004870) | $245.78 Billion | -12.02% | 2.54x | $12.25 Million |
| Sungshin Cemen (004980) | $538.02 Billion | 12.40% | 1.44x | $67.16 Million |
| Sungshin Cement Co Ltd (004985) | $386.88 Billion | 4.31% | 1.74x | $93.23 Million |
| Hyundai Cement (006390) | $398.31 Billion | 7.29% | 1.16x | $23.31 Million |
| Mohenz.Co.Ltd (006920) | $15.60 Billion | 4.02% | 2.74x | $26.41 Million |