Dae Chang Net Assets
Dae Chang net assets. Based on the latest financial reports, Dae Chang (012800) has net assets worth ₩312.20 Billion KRW (≈ $211.57 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 (₩860.86 Billion ≈ $583.39 Million USD) and total liabilities (₩548.66 Billion ≈ $371.82 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. Also explore 012800 net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩312.20 Billion |
| % of Total Assets | 36.27% |
| Annual Growth Rate | 3.71% |
| 5-Year Change | 42.48% |
| 10-Year Change | 111.52% |
| Growth Volatility | 11.77 |
Net Assets of Dae Chang (2010–2024)
Net assets of Dae Chang from 2010 to 2024. This chart illustrates how Dae Chang's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Dae Chang to measure how much of total assets are equity-financed.
Annual Net Assets for Dae Chang (2010–2024)
The table below shows the annual net assets of Dae Chang from 2010 to 2024. For live market cap and overall valuation, see Dae Chang market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩315.37 Billion ≈ $213.72 Million |
+26.02% |
| 2023-12-31 | ₩250.26 Billion ≈ $169.60 Million |
-9.56% |
| 2022-12-31 | ₩276.72 Billion ≈ $187.53 Million |
+0.95% |
| 2021-12-31 | ₩274.11 Billion ≈ $185.76 Million |
+23.84% |
| 2020-12-31 | ₩221.35 Billion ≈ $150.01 Million |
+2.91% |
| 2019-12-31 | ₩215.09 Billion ≈ $145.76 Million |
-0.30% |
| 2018-12-31 | ₩215.74 Billion ≈ $146.21 Million |
+10.93% |
| 2017-12-31 | ₩194.49 Billion ≈ $131.80 Million |
+8.50% |
| 2016-12-31 | ₩179.25 Billion ≈ $121.47 Million |
+20.22% |
| 2015-12-31 | ₩149.10 Billion ≈ $101.04 Million |
-11.21% |
| 2014-12-31 | ₩167.92 Billion ≈ $113.80 Million |
-9.44% |
| 2013-12-31 | ₩185.42 Billion ≈ $125.66 Million |
-2.05% |
| 2012-12-31 | ₩189.29 Billion ≈ $128.28 Million |
+4.44% |
| 2011-12-31 | ₩181.24 Billion ≈ $122.82 Million |
-4.32% |
| 2010-12-31 | ₩189.42 Billion ≈ $128.37 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dae Chang'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 79.7% over the analyzed period, indicating profitable operations and earnings retention.
Dae Chang Net Assets Breakdown (December 2024)
Dae Chang net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩99.46 Billion | 35.51% |
| Other Components | ₩180.66 Billion | 64.49% |
| Total Equity | ₩280.12 Billion | 100.00% |
Dae Chang Competitors by Market Cap
The table below lists competitors of Dae Chang ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TsannKuen (China) Enterprise Co. Ltd
SHE:200512
|
$51.36 Million |
|
Pangaea Oncology S.A.
MC:PANG
|
$51.36 Million |
|
Marketwise Inc
NASDAQ:MKTW
|
$51.36 Million |
|
DDC Enterprise Limited
NYSE MKT:DDC
|
$51.36 Million |
|
Chilwa Minerals Ltd
AU:CHW
|
$51.27 Million |
|
Inzi Controls
KO:023800
|
$51.26 Million |
|
HDRN
NASDAQ:HDRN
|
$51.26 Million |
|
VivoPower PLC
NASDAQ:VIVO
|
$51.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dae Chang's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 220,728,148,660 to 280,121,596,060, a change of 59,393,447,400 (26.9%).
- Net income of 4,390,468,380 contributed positively to equity growth.
- Other factors increased equity by 55,002,979,020.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩4.39 Billion | +1.57% |
| Other Changes | ₩55.00 Billion | +19.64% |
| Total Change | ₩- | 26.91% |
Book Value vs Market Value Analysis
This analysis compares Dae Chang'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: 0.27x
- 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 0.47x to 0.27x 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 | ₩2093.40 | ₩992.00 | x |
| 2018-12-31 | ₩2385.49 | ₩992.00 | x |
| 2019-12-31 | ₩2397.31 | ₩992.00 | x |
| 2020-12-31 | ₩2475.16 | ₩992.00 | x |
| 2021-12-31 | ₩3186.63 | ₩992.00 | x |
| 2022-12-31 | ₩3225.41 | ₩992.00 | x |
| 2023-12-31 | ₩2892.14 | ₩992.00 | x |
| 2024-12-31 | ₩3670.35 | ₩992.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dae Chang 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): 1.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.33%
- • Asset Turnover: 1.59x
- • Equity Multiplier: 2.99x
- Recent ROE (1.57%) is above the historical average (0.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 16.36% | 3.79% | 1.82x | 2.38x | ₩11.93 Billion |
| 2012 | 4.72% | 1.13% | 1.64x | 2.55x | ₩-9.88 Billion |
| 2013 | -11.32% | -2.49% | 1.15x | 3.96x | ₩-35.44 Billion |
| 2014 | -3.44% | -0.41% | 2.02x | 4.15x | ₩-21.23 Billion |
| 2015 | -31.35% | -4.40% | 1.89x | 3.78x | ₩-59.01 Billion |
| 2016 | 6.24% | 1.12% | 1.44x | 3.84x | ₩-5.53 Billion |
| 2017 | 7.91% | 1.29% | 1.75x | 3.50x | ₩-3.37 Billion |
| 2018 | 5.35% | 1.03% | 1.67x | 3.11x | ₩-8.52 Billion |
| 2019 | 2.74% | 0.56% | 1.56x | 3.13x | ₩-13.38 Billion |
| 2020 | 3.45% | 0.70% | 1.51x | 3.26x | ₩-12.46 Billion |
| 2021 | 10.70% | 2.04% | 1.58x | 3.33x | ₩1.71 Billion |
| 2022 | 1.50% | 0.26% | 1.72x | 3.41x | ₩-20.92 Billion |
| 2023 | -8.79% | -1.47% | 1.74x | 3.44x | ₩-41.48 Billion |
| 2024 | 1.57% | 0.33% | 1.59x | 2.99x | ₩-23.62 Billion |
Industry Comparison
This section compares Dae Chang's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $167,891,900,669
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dae Chang (012800) | ₩312.20 Billion | 16.36% | 1.76x | $51.31 Million |
| Namsun Alumini (008350) | $147.81 Billion | 14.71% | 0.93x | $92.90 Million |
| Namsun Aluminium Co Ltd (008355) | $74.23 Billion | 33.34% | 2.50x | $1.46 Million |
| Sung Kwang Bend Co.Ltd (014620) | $434.48 Billion | -0.28% | 0.14x | $518.33 Million |
| Daedong Metals Co. Ltd (020400) | $27.61 Billion | 3.03% | 1.51x | $8.57 Million |
| Seowon (021050) | $37.70 Billion | 6.47% | 1.58x | $31.85 Million |
| Lee Ku Ind (025820) | $136.43 Billion | 9.24% | 1.41x | $79.43 Million |
| Essen Tech Co. Ltd (043340) | $26.20 Billion | 7.24% | 1.56x | $19.02 Million |
| Taewoong Co.Ltd (044490) | $581.98 Billion | 1.34% | 0.48x | $297.61 Million |
| Nara Mold & Die Co. Ltd (051490) | $44.59 Billion | 1.27% | 0.82x | $20.72 Million |
About Dae Chang
Daechang Co., Ltd., together with its subsidiaries, produces and sells brass-related products in Korea. The company offers its products under the BRASSONE brand. Its products are used as materials for parts of semiconductor, electrics and electronics, car, vessel, machine, etc. The company was formerly known as Daechang Industrial Co., Ltd. and changed its name to Daechang Co., Ltd. in 2010. Daec… Read more