Busan Ind (011390) - Net Assets
Based on the latest financial reports, Busan Ind (011390) has net assets worth ₩166.79 Billion KRW (≈ $113.03 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩329.51 Billion ≈ $223.31 Million USD) and total liabilities (₩162.72 Billion ≈ $110.27 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 Busan Ind strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩166.79 Billion |
| % of Total Assets | 50.62% |
| Annual Growth Rate | 9.23% |
| 5-Year Change | 115.47% |
| 10-Year Change | 156.94% |
| Growth Volatility | 23.47 |
Busan Ind - Net Assets Trend (2000–2025)
This chart illustrates how Busan Ind's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 011390 stock market capitalisation.
Annual Net Assets for Busan Ind (2000–2025)
The table below shows the annual net assets of Busan Ind from 2000 to 2025. Also explore net asset growth rate of Busan Ind to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩167.00 Billion ≈ $113.17 Million |
-4.31% |
| 2024-12-31 | ₩174.52 Billion ≈ $118.27 Million |
+0.38% |
| 2023-12-31 | ₩173.87 Billion ≈ $117.83 Million |
+111.87% |
| 2022-12-31 | ₩82.06 Billion ≈ $55.61 Million |
+5.88% |
| 2021-12-31 | ₩77.51 Billion ≈ $52.52 Million |
-4.84% |
| 2020-12-31 | ₩81.45 Billion ≈ $55.20 Million |
+4.95% |
| 2019-12-31 | ₩77.61 Billion ≈ $52.59 Million |
+8.63% |
| 2018-12-31 | ₩71.44 Billion ≈ $48.42 Million |
+3.74% |
| 2017-12-31 | ₩68.87 Billion ≈ $46.67 Million |
+5.96% |
| 2016-12-31 | ₩65.00 Billion ≈ $44.05 Million |
+14.85% |
| 2015-12-31 | ₩56.59 Billion ≈ $38.35 Million |
+14.54% |
| 2014-12-31 | ₩49.41 Billion ≈ $33.48 Million |
+8.47% |
| 2013-12-31 | ₩45.55 Billion ≈ $30.87 Million |
+18.77% |
| 2012-12-31 | ₩38.35 Billion ≈ $25.99 Million |
-5.80% |
| 2011-12-31 | ₩40.71 Billion ≈ $27.59 Million |
-6.70% |
| 2010-12-31 | ₩43.64 Billion ≈ $29.57 Million |
+4.55% |
| 2009-12-31 | ₩41.74 Billion ≈ $28.29 Million |
+34.71% |
| 2008-12-31 | ₩30.99 Billion ≈ $21.00 Million |
+8.09% |
| 2007-12-31 | ₩28.67 Billion ≈ $19.43 Million |
-2.70% |
| 2006-12-31 | ₩29.46 Billion ≈ $19.97 Million |
+32.21% |
| 2005-12-31 | ₩22.29 Billion ≈ $15.10 Million |
-12.93% |
| 2004-12-31 | ₩25.60 Billion ≈ $17.35 Million |
-3.62% |
| 2003-12-31 | ₩26.56 Billion ≈ $18.00 Million |
+21.78% |
| 2002-12-31 | ₩21.81 Billion ≈ $14.78 Million |
+10.84% |
| 2001-12-31 | ₩19.67 Billion ≈ $13.33 Million |
+7.17% |
| 2000-12-31 | ₩18.36 Billion ≈ $12.44 Million |
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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 3836547756000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩38.37 Billion | 30.42% |
| Other Components | ₩87.75 Billion | 69.58% |
| Total Equity | ₩126.11 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 |
|---|---|
|
Nordic Mining ASA
OL:NOM
|
$34.48 Million |
|
Aberdeen Global IF Inc
NYSE MKT:FCO
|
$34.50 Million |
|
SEOJEON ELECTRIC MACHINERY Co.Ltd
KQ:189860
|
$34.51 Million |
|
Orbit Garant Drilling Inc.
TO:OGD
|
$34.52 Million |
|
Resaas Services Inc
V:RSS
|
$34.46 Million |
|
Excel Force MSC Bhd
KLSE:0065
|
$34.45 Million |
|
Communication & System Solution Public Company Limited
BK:CSS
|
$34.45 Million |
|
Kristal Kola ve Mesrubat Sanayi Ticaret AS
IS:KRSTL
|
$34.45 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 2024 to 2025, total equity changed from 130,609,480,270 to 126,110,540,040, a change of -4,498,940,230 (-3.4%).
- Net loss of 3,452,852,350 reduced equity.
- Dividend payments of 264,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-3.45 Billion | -2.74% |
| Dividends Paid | ₩264.00 Million | -0.21% |
| Other Changes | ₩-782.09 Million | -0.62% |
| Total Change | ₩- | -3.44% |
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: 0.40x
- 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 1.02x to 0.40x 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 | ₩48150.00 | x |
| 2018-12-31 | ₩49551.09 | ₩48150.00 | x |
| 2019-12-31 | ₩52811.60 | ₩48150.00 | x |
| 2020-12-31 | ₩54994.07 | ₩48150.00 | x |
| 2021-12-31 | ₩52585.32 | ₩48150.00 | x |
| 2022-12-31 | ₩55020.45 | ₩48150.00 | x |
| 2023-12-31 | ₩123238.53 | ₩48150.00 | x |
| 2024-12-31 | ₩123683.22 | ₩48150.00 | x |
| 2025-12-31 | ₩119422.86 | ₩48150.00 | 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): -2.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.21%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.59x
- Recent ROE (-2.74%) is below the historical average (5.80%), 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 |
| 2025 | -2.74% | -3.21% | 0.33x | 2.59x | ₩-16.06 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: $515,452,622,360
- Average return on equity (ROE) among peers: -0.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Busan Ind (011390) | ₩166.79 Billion | 2.52% | 0.98x | $34.46 Million |
| Chosun Refractories Co Ltd (000480) | $408.09 Billion | 2.33% | 1.13x | $121.90 Million |
| Union Corporation (000910) | $205.76 Billion | -1.85% | 0.34x | $31.05 Million |
| Tongyang (001520) | $819.15 Billion | -0.05% | 0.24x | $84.34 Million |
| Tongyang Inc (001525) | $834.11 Billion | 0.40% | 0.17x | $1.14 Billion |
| Tongyang Inc (001527) | $705.18 Billion | -10.53% | 0.87x | $705.38K |
| Asia Cement (002030) | $548.29 Billion | 4.75% | 0.96x | $239.72 Million |
| Hanil Cement Co Ltd (003300) | $963.09 Billion | 4.60% | 0.23x | $376.72 Million |
| Korea Petroleum Industries Co (004090) | $147.71 Billion | 2.98% | 1.08x | $102.03 Million |
| Samil C&S Co Ltd (004440) | $277.36 Billion | -0.37% | 0.18x | $42.97 Million |
| TWay Holdings (004870) | $245.78 Billion | -12.02% | 2.54x | $81.52 Million |
About Busan Ind
Busan Industrial Co., Ltd. provides concrete products in South Korea. It offers ready mixed concrete, concrete sleepers, and architectural PCs. The company was founded in 1976 and is based in Busan, South Korea.