Kyungdong Gas

KO:012320 Korea Utilities - Regulated Gas
Market Cap
$115.41 Million
₩168.98 Billion KRW
Market Cap Rank
#21293 Global
#1000 in Korea
Share Price
₩77500.00
Change (1 day)
-13.21%
52-Week Range
₩50000.00 - ₩98500.00
All Time High
₩154256.33
Categories
Companies in Korea Utilities - Regulated Gas
About

Kyungdong Invest Co., Ltd primarily engages in the supply of city gas in South Korea. The company supplies gas to households through pipelines, as well as compressed natural gas fuel to natural gas bus vehicles in Ulsan Metropolitan and Yangsan cities. It also produces anthracite coal and biomass; engages in energy conservation activities; and offers energy diagnosis systems, gas heating and cool… Read more

Kyungdong Gas (012320) - Net Assets

Latest net assets as of September 2025: ₩483.34 Billion KRW

Based on the latest financial reports, Kyungdong Gas (012320) has net assets worth ₩483.34 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 (₩598.73 Billion) and total liabilities (₩115.39 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 ₩483.34 Billion
% of Total Assets 80.73%
Annual Growth Rate 5.25%
5-Year Change 12.01%
10-Year Change -16.3%
Growth Volatility 12.78

Kyungdong Gas - Net Assets Trend (2006–2024)

This chart illustrates how Kyungdong Gas's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Kyungdong Gas (2006–2024)

The table below shows the annual net assets of Kyungdong Gas from 2006 to 2024.

Year Net Assets Change
2024-12-31 ₩482.49 Billion +3.63%
2023-12-31 ₩465.59 Billion +3.30%
2022-12-31 ₩450.71 Billion +2.49%
2021-12-31 ₩439.75 Billion +2.09%
2020-12-31 ₩430.75 Billion +3.91%
2019-12-31 ₩414.53 Billion +4.19%
2018-12-31 ₩397.87 Billion -0.63%
2017-12-31 ₩400.40 Billion -31.90%
2016-12-31 ₩587.92 Billion +1.99%
2015-12-31 ₩576.48 Billion -5.10%
2014-12-31 ₩607.45 Billion +21.80%
2013-12-31 ₩498.74 Billion +11.70%
2012-12-31 ₩446.51 Billion +9.48%
2011-12-31 ₩407.86 Billion +34.17%
2010-12-31 ₩304.00 Billion +16.98%
2009-12-31 ₩259.87 Billion +9.81%
2008-12-31 ₩236.66 Billion +11.67%
2007-12-31 ₩211.94 Billion +10.27%
2006-12-31 ₩192.20 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Kyungdong Gas'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 65308213150000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩653.08 Billion 136.19%
Total Equity ₩479.54 Billion 100.00%

Kyungdong Gas Competitors by Market Cap

The table below lists competitors of Kyungdong Gas ranked by their market capitalization.

Company Market Cap
Deutsch Motors Inc
KQ:067990
 		$49.52 Million
METXF
PINK:METXF
 		$49.53 Million
Yuhwa Securities Co Ltd
KO:003465
 		$49.53 Million
Pruksa Holding Public Company Limited
BK:PSH
 		$49.54 Million
Foseco India Limited
NSE:FOSECOIND
 		$49.49 Million
Medinice S.A
WAR:ICE
 		$49.49 Million
Showbox Corp
KQ:086980
 		$49.47 Million
Revival Gold Inc
OTCQX:RVLGF
 		$49.45 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Kyungdong Gas's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 462,529,272,710 to 479,535,769,930, a change of 17,006,497,220 (3.7%).
  • Net income of 21,673,629,720 contributed positively to equity growth.
  • Dividend payments of 1,646,302,500 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩21.67 Billion +4.52%
Dividends Paid ₩1.65 Billion -0.34%
Other Changes ₩-3.02 Billion -0.63%
Total Change ₩- 3.68%

Book Value vs Market Value Analysis

This analysis compares Kyungdong Gas'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: 0.35x
  • 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 0.50x to 0.35x 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 ₩155247.93 ₩77500.00 x
2018-12-31 ₩171344.48 ₩77500.00 x
2019-12-31 ₩180240.75 ₩77500.00 x
2020-12-31 ₩193480.88 ₩77500.00 x
2021-12-31 ₩197979.30 ₩77500.00 x
2022-12-31 ₩205404.50 ₩77500.00 x
2023-12-31 ₩212135.14 ₩77500.00 x
2024-12-31 ₩219935.02 ₩77500.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kyungdong Gas 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): 4.52%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.38%
  • • Asset Turnover: 0.48x
  • • Equity Multiplier: 1.29x
  • Recent ROE (4.52%) is below the historical average (7.14%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 9.70% 3.32% 1.58x 1.85x ₩-577.68 Million
2007 10.29% 3.32% 1.55x 1.99x ₩608.80 Million
2008 11.81% 2.90% 1.98x 2.06x ₩4.27 Billion
2009 9.32% 2.44% 1.68x 2.27x ₩-1.75 Billion
2010 11.57% 2.36% 2.00x 2.44x ₩4.57 Billion
2011 7.49% 1.64% 1.84x 2.48x ₩-10.15 Billion
2012 9.67% 1.71% 2.07x 2.73x ₩-1.45 Billion
2013 10.02% 1.78% 2.31x 2.43x ₩109.06 Million
2014 13.12% 2.80% 1.97x 2.38x ₩17.37 Billion
2015 -2.90% -1.02% 1.30x 2.18x ₩-68.98 Billion
2016 3.31% 1.52% 1.05x 2.07x ₩-36.38 Billion
2017 13.95% 31.23% 0.26x 1.70x ₩13.95 Billion
2018 7.00% 13.97% 0.33x 1.52x ₩-11.67 Billion
2019 2.24% 3.52% 0.43x 1.49x ₩-31.56 Billion
2020 3.61% 4.91% 0.53x 1.40x ₩-26.94 Billion
2021 3.39% 4.90% 0.52x 1.34x ₩-28.53 Billion
2022 3.17% 5.16% 0.47x 1.31x ₩-30.57 Billion
2023 4.31% 6.52% 0.50x 1.31x ₩-26.34 Billion
2024 4.52% 7.38% 0.48x 1.29x ₩-26.28 Billion

Industry Comparison

This section compares Kyungdong Gas's net assets metrics with peer companies in the Utilities - Regulated Gas industry.

Industry Context

  • Industry: Utilities - Regulated Gas
  • Average net assets among peers: $434,642,973,618
  • Average return on equity (ROE) among peers: 4.94%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Kyungdong Gas (012320) ₩483.34 Billion 9.70% 0.24x $49.50 Million
Samchully (004690) $1.14 Trillion 2.92% 1.14x $178.51 Million
Taekyung Chem (006890) $97.46 Billion 1.68% 0.14x $26.75 Million
Yesco Holdings Co. Ltd (015360) $608.99 Billion 3.23% 1.54x $60.49 Million
Daesung Holdin (016710) $129.56 Billion 11.23% 1.39x $26.28 Million
Seoul City Gas (017390) $916.55 Billion 3.96% 0.69x $60.10 Million
Incheon City G (034590) $200.00 Billion 6.09% 1.12x $19.99 Million
GSE Co. Ltd (053050) $94.39 Billion 3.77% 1.53x $31.10 Million
Daesung Energy (117580) $301.99 Billion 4.27% 1.17x $50.56 Million
Kyungdong City Gas Co Ltd (267290) $420.80 Billion 7.27% 1.26x $43.05 Million