Hannong Chem (011500) - Net Assets
Based on the latest financial reports, Hannong Chem (011500) has net assets worth ₩168.09 Billion KRW (≈ $113.91 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 (₩235.20 Billion ≈ $159.39 Million USD) and total liabilities (₩67.11 Billion ≈ $45.48 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 011500 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩168.09 Billion |
| % of Total Assets | 71.47% |
| Annual Growth Rate | 6.7% |
| 5-Year Change | 26.01% |
| 10-Year Change | 75.35% |
| Growth Volatility | 2.95 |
Hannong Chem - Net Assets Trend (2013–2024)
This chart illustrates how Hannong Chem's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Hannong Chem for the complete picture of this company's asset base.
Annual Net Assets for Hannong Chem (2013–2024)
The table below shows the annual net assets of Hannong Chem from 2013 to 2024. For live valuation and market cap data, see Hannong Chem market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩164.88 Billion ≈ $111.74 Million |
+1.41% |
| 2023-12-31 | ₩162.58 Billion ≈ $110.18 Million |
+6.55% |
| 2022-12-31 | ₩152.59 Billion ≈ $103.41 Million |
+3.30% |
| 2021-12-31 | ₩147.71 Billion ≈ $100.10 Million |
+12.89% |
| 2020-12-31 | ₩130.85 Billion ≈ $88.67 Million |
+8.79% |
| 2019-12-31 | ₩120.27 Billion ≈ $81.51 Million |
+6.98% |
| 2018-12-31 | ₩112.42 Billion ≈ $76.19 Million |
+3.67% |
| 2017-12-31 | ₩108.44 Billion ≈ $73.49 Million |
+6.82% |
| 2016-12-31 | ₩101.51 Billion ≈ $68.79 Million |
+7.96% |
| 2015-12-31 | ₩94.03 Billion ≈ $63.72 Million |
+8.19% |
| 2014-12-31 | ₩86.91 Billion ≈ $58.90 Million |
+7.59% |
| 2013-12-31 | ₩80.78 Billion ≈ $54.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hannong Chem'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 117.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩155.57 Billion | 94.36% |
| Other Components | ₩9.31 Billion | 5.64% |
| Total Equity | ₩164.88 Billion | 100.00% |
Hannong Chem Competitors by Market Cap
The table below lists competitors of Hannong Chem ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ample Electronic Technology Co Ltd
TWO:4760
|
$244.63 Million |
|
Pennar Industries Limited
NSE:PENIND
|
$244.65 Million |
|
Falcon Oil & Gas Ltd.
V:FO
|
$244.71 Million |
|
Launch Two Acquisition Corp. Class A Ordinary Shares
NASDAQ:LPBB
|
$244.72 Million |
|
Santhera Pharmaceuticals Holding AG
SW:SANN
|
$244.59 Million |
|
Fifth Era Acquisition Corp I Class A Ordinary Shares
NASDAQ:FERA
|
$244.50 Million |
|
Martifer SGPS S.A
LS:MAR
|
$244.46 Million |
|
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class B
IS:KRDMB
|
$244.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hannong Chem's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 162,579,438,970 to 164,878,102,970, a change of 2,298,664,000 (1.4%).
- Net income of 4,489,860,700 contributed positively to equity growth.
- Dividend payments of 1,835,282,400 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩4.49 Billion | +2.72% |
| Dividends Paid | ₩1.84 Billion | -1.11% |
| Other Changes | ₩-355.91 Million | -0.22% |
| Total Change | ₩- | 1.41% |
Book Value vs Market Value Analysis
This analysis compares Hannong Chem'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: 2.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.33x to 2.19x 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 | ₩7090.38 | ₩23600.00 | x |
| 2018-12-31 | ₩7350.68 | ₩23600.00 | x |
| 2019-12-31 | ₩7864.10 | ₩23600.00 | x |
| 2020-12-31 | ₩8555.56 | ₩23600.00 | x |
| 2021-12-31 | ₩9658.01 | ₩23600.00 | x |
| 2022-12-31 | ₩9977.17 | ₩23600.00 | x |
| 2023-12-31 | ₩10630.26 | ₩23600.00 | x |
| 2024-12-31 | ₩10780.56 | ₩23600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hannong Chem 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): 2.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.81%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.41x
- Recent ROE (2.72%) is below the historical average (8.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.65% | 3.47% | 1.71x | 1.62x | ₩-281.87 Million |
| 2014 | 8.95% | 3.57% | 1.46x | 1.71x | ₩-909.87 Million |
| 2015 | 9.02% | 4.22% | 1.43x | 1.49x | ₩-924.73 Million |
| 2016 | 8.64% | 4.28% | 1.31x | 1.55x | ₩-1.39 Billion |
| 2017 | 8.03% | 3.69% | 1.43x | 1.52x | ₩-2.14 Billion |
| 2018 | 5.22% | 2.63% | 1.37x | 1.45x | ₩-5.37 Billion |
| 2019 | 8.30% | 4.87% | 1.25x | 1.36x | ₩-2.05 Billion |
| 2020 | 9.92% | 6.24% | 1.22x | 1.31x | ₩-98.84 Million |
| 2021 | 13.33% | 7.33% | 1.24x | 1.47x | ₩4.92 Billion |
| 2022 | 5.62% | 3.58% | 1.06x | 1.48x | ₩-6.69 Billion |
| 2023 | 7.63% | 5.84% | 0.89x | 1.46x | ₩-3.86 Billion |
| 2024 | 2.72% | 1.81% | 1.06x | 1.41x | ₩-12.00 Billion |
Industry Comparison
This section compares Hannong Chem's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $1,249,276,842,952
- Average return on equity (ROE) among peers: 3.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hannong Chem (011500) | ₩168.09 Billion | 9.65% | 0.40x | $244.60 Million |
| Rifa Ind (000760) | $184.79 Billion | -1.16% | 0.52x | $29.96 Million |
| Kumyang (001570) | $21.43 Billion | 0.12% | 1.54x | $428.33 Million |
| Sh E & Chemical Co. Ltd. (002360) | $64.16 Billion | 3.67% | 0.88x | $26.35 Million |
| KCC Corporation (002380) | $5.38 Trillion | -0.85% | 1.40x | $2.77 Billion |
| Miwon Commerci (002840) | $400.46 Billion | 12.62% | 0.20x | $473.99 Million |
| Taekwang Ind (003240) | $3.48 Trillion | 3.91% | 0.25x | $570.36 Million |
| Lotte Fine Chemical Co Ltd (004000) | $1.19 Trillion | 7.48% | 0.38x | $1.20 Billion |
| Dongjin Semichem Co. Ltd (005290) | $553.45 Billion | 18.66% | 1.14x | $1.97 Billion |
| Isu Chemical Co Ltd (005950) | $373.77 Billion | -15.59% | 1.93x | $193.47 Million |
| Korea Petro Chemical Ind (006650) | $842.12 Billion | 7.61% | 0.71x | $757.99 Million |
About Hannong Chem
Hannong Chemicals Inc. produces and sells chemical raw materials in South Korea. The company offers glycol ethers for use as solvents or industrial intermediates in semiconductors, electronic goods, paints, inks, dyes, detergents, machine oils, brake fluids, and anti-freezing agents; non-ionic surfactants; polyols for use as an intermediate for polyurethane, polyester, epoxy, and polycarbonic aci… Read more