Hwaseung Corporation Co Ltd
Hwaseung Corporation Co.,Ltd. provides automobile parts and products. The company's products portfolio comprises weather strips comprising front and rear glass moldings, glass runs, trunk lids, and inner and outer door belts, as well as hood(seal), sun roof, fixed, door opening, door seal, and door drip weather strips; and hose products, such as air conditioning, power steering return, fuel, radi… Read more
Hwaseung Corporation Co Ltd (013520) - Net Assets
Latest net assets as of September 2025: ₩382.97 Billion KRW
Based on the latest financial reports, Hwaseung Corporation Co Ltd (013520) has net assets worth ₩382.97 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 (₩1.30 Trillion) and total liabilities (₩915.60 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 | ₩382.97 Billion |
| % of Total Assets | 29.49% |
| Annual Growth Rate | 4.94% |
| 5-Year Change | 64.02% |
| 10-Year Change | 34.69% |
| Growth Volatility | 15.66 |
Hwaseung Corporation Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Hwaseung Corporation Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hwaseung Corporation Co Ltd (2000–2024)
The table below shows the annual net assets of Hwaseung Corporation Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩361.99 Billion | +33.82% |
| 2023-12-31 | ₩270.51 Billion | +7.95% |
| 2022-12-31 | ₩250.60 Billion | +26.93% |
| 2021-12-31 | ₩197.43 Billion | -10.54% |
| 2020-12-31 | ₩220.70 Billion | -15.85% |
| 2019-12-31 | ₩262.26 Billion | +20.04% |
| 2018-12-31 | ₩218.48 Billion | -19.16% |
| 2017-12-31 | ₩270.28 Billion | -16.90% |
| 2016-12-31 | ₩325.26 Billion | +21.02% |
| 2015-12-31 | ₩268.76 Billion | +32.49% |
| 2014-12-31 | ₩202.85 Billion | +4.62% |
| 2013-12-31 | ₩193.90 Billion | -18.20% |
| 2012-12-31 | ₩237.05 Billion | +0.04% |
| 2011-12-31 | ₩236.95 Billion | +5.08% |
| 2010-12-31 | ₩225.50 Billion | +5.30% |
| 2009-12-31 | ₩214.15 Billion | +0.38% |
| 2008-12-31 | ₩213.33 Billion | +6.54% |
| 2007-12-31 | ₩200.23 Billion | +12.99% |
| 2006-12-31 | ₩177.21 Billion | -7.05% |
| 2005-12-31 | ₩190.65 Billion | +15.15% |
| 2004-12-31 | ₩165.57 Billion | +4.38% |
| 2003-12-31 | ₩158.61 Billion | +8.09% |
| 2002-12-31 | ₩146.74 Billion | +30.87% |
| 2001-12-31 | ₩112.12 Billion | -1.42% |
| 2000-12-31 | ₩113.74 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hwaseung Corporation Co Ltd'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 15052679800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩150.53 Billion | 70.98% |
| Other Components | ₩61.54 Billion | 29.02% |
| Total Equity | ₩212.06 Billion | 100.00% |
Hwaseung Corporation Co Ltd Competitors by Market Cap
The table below lists competitors of Hwaseung Corporation Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Freetrailer Group A/S
ST:FREETR
|
$41.47 Million |
|
J.G.CHEMICALS LIMITED
NSE:JGCHEM
|
$41.48 Million |
|
Nan Yang Dyeing & Finishing Co Ltd
TW:1410
|
$41.49 Million |
|
Sambo Motors Co. Ltd
KQ:053700
|
$41.50 Million |
|
FTAC Emerald Acquisition Corp.
NASDAQ:FLDDU
|
$41.45 Million |
|
ASTRO-MED INC. DL-01
F:AZO
|
$41.45 Million |
|
PWO AG
LSE:0NHL
|
$41.44 Million |
|
FitLife Brands, Inc. Common Stock
NASDAQ:FTLF
|
$41.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hwaseung Corporation Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 160,625,939,750 to 212,063,398,910, a change of 51,437,459,160 (32.0%).
- Net income of 26,688,883,770 contributed positively to equity growth.
- Dividend payments of 3,062,740,590 reduced retained earnings.
- Other factors increased equity by 27,811,315,980.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩26.69 Billion | +12.59% |
| Dividends Paid | ₩3.06 Billion | -1.44% |
| Other Changes | ₩27.81 Billion | +13.11% |
| Total Change | ₩- | 32.02% |
Book Value vs Market Value Analysis
This analysis compares Hwaseung Corporation Co Ltd'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: 0.58x
- 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 increased from 0.45x to 0.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩6065.47 | ₩2755.00 | x |
| 2018-12-31 | ₩4898.80 | ₩2755.00 | x |
| 2019-12-31 | ₩5881.81 | ₩2755.00 | x |
| 2020-12-31 | ₩4969.63 | ₩2755.00 | x |
| 2021-12-31 | ₩3250.07 | ₩2755.00 | x |
| 2022-12-31 | ₩3751.65 | ₩2755.00 | x |
| 2023-12-31 | ₩3617.27 | ₩2755.00 | x |
| 2024-12-31 | ₩4775.64 | ₩2755.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hwaseung Corporation Co Ltd 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): 12.59%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.57%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 6.08x
- Recent ROE (12.59%) is above the historical average (2.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 10.09% | 5.30% | 1.15x | 1.65x | ₩101.35 Million |
| 2001 | 1.02% | 0.45% | 1.10x | 2.05x | ₩-10.07 Billion |
| 2002 | 8.49% | 2.13% | 1.19x | 3.35x | ₩-1.74 Billion |
| 2003 | 2.50% | 0.61% | 1.03x | 3.99x | ₩-8.93 Billion |
| 2004 | 14.56% | 1.79% | 1.14x | 7.10x | ₩5.17 Billion |
| 2005 | 6.02% | 0.66% | 1.12x | 8.14x | ₩-4.44 Billion |
| 2007 | 9.13% | 0.98% | 1.28x | 7.30x | ₩-1.14 Billion |
| 2009 | 9.90% | 1.03% | 1.41x | 6.83x | ₩-158.28 Million |
| 2011 | 10.37% | 1.82% | 1.39x | 4.09x | ₩877.62 Million |
| 2012 | 4.78% | 0.79% | 1.50x | 4.03x | ₩-12.37 Billion |
| 2013 | -17.39% | -2.08% | 1.44x | 5.80x | ₩-53.48 Billion |
| 2014 | 5.74% | 0.69% | 1.45x | 5.72x | ₩-8.71 Billion |
| 2015 | 28.63% | 4.58% | 1.29x | 4.84x | ₩50.05 Billion |
| 2016 | 17.95% | 3.60% | 1.21x | 4.13x | ₩25.80 Billion |
| 2017 | -15.69% | -2.93% | 1.13x | 4.73x | ₩-69.19 Billion |
| 2018 | -15.47% | -2.20% | 1.26x | 5.57x | ₩-55.41 Billion |
| 2019 | 8.82% | 1.48% | 1.28x | 4.64x | ₩-3.09 Billion |
| 2020 | -18.73% | -3.15% | 1.11x | 5.36x | ₩-63.40 Billion |
| 2021 | -29.30% | -3.02% | 1.21x | 8.00x | ₩-56.72 Billion |
| 2022 | 1.68% | 0.18% | 1.35x | 7.07x | ₩-13.87 Billion |
| 2023 | 2.16% | 0.21% | 1.42x | 7.19x | ₩-12.60 Billion |
| 2024 | 12.59% | 1.57% | 1.32x | 6.08x | ₩5.48 Billion |
Industry Comparison
This section compares Hwaseung Corporation Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $463,674,973,738
- Average return on equity (ROE) among peers: 2.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hwaseung Corporation Co Ltd (013520) | ₩382.97 Billion | 10.09% | 2.39x | $41.46 Million |
| Daewonkangup (000430) | $681.01 Billion | 3.47% | 0.91x | $58.53 Million |
| SG Choongbang Co Ltd (001380) | $119.64 Billion | 0.00% | 0.55x | $17.08 Million |
| Tae Won Mulsan (001420) | $32.21 Billion | 1.11% | 0.19x | $6.09 Million |
| Dongkook Ind (001620) | $179.34 Billion | -5.35% | 2.18x | $26.41 Million |
| PS Tec. Co. Ltd (002230) | $109.67 Billion | 4.01% | 0.07x | $40.17 Million |
| Nexen Tire (002350) | $1.55 Trillion | -1.09% | 1.29x | $176.66 Million |
| Nexen Tire Prf 1 (002355) | $1.60 Trillion | -1.74% | 1.47x | $107.38 Million |
| Dayou A-Tech (002880) | $153.37 Billion | 8.13% | 3.98x | $12.98 Million |
| Yoo Sung Ent (002920) | $170.85 Billion | 3.47% | 0.31x | $17.31 Million |
| Chin Yang Ind (003780) | $47.47 Billion | 13.06% | 0.64x | $23.96 Million |