Han Express
Hanexpress.Co., Ltd provides logistics services in South Korea. The company offers general cargo, overweight/oversized cargo, bulk cargo, special cargo, explosives and defense industrial materials, stevedoring, consumer packaged goods, warehousing, and corporate moving services, as well as parcel delivery services for handling pharmaceuticals and hazardous materials; and gas stations in Yeosu and… Read more
Han Express (014130) - Net Assets
Latest net assets as of September 2025: ₩89.86 Billion KRW
Based on the latest financial reports, Han Express (014130) has net assets worth ₩89.86 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 (₩415.98 Billion) and total liabilities (₩326.11 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 | ₩89.86 Billion |
| % of Total Assets | 21.6% |
| Annual Growth Rate | 14.14% |
| 5-Year Change | 49.77% |
| 10-Year Change | 92.5% |
| Growth Volatility | 34.62 |
Han Express - Net Assets Trend (2000–2024)
This chart illustrates how Han Express's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Han Express (2000–2024)
The table below shows the annual net assets of Han Express from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩102.73 Billion | +21.42% |
| 2023-12-31 | ₩84.60 Billion | -19.70% |
| 2022-12-31 | ₩105.35 Billion | +43.31% |
| 2021-12-31 | ₩73.52 Billion | +7.18% |
| 2020-12-31 | ₩68.59 Billion | -4.88% |
| 2019-12-31 | ₩72.11 Billion | +7.67% |
| 2018-12-31 | ₩66.97 Billion | +6.25% |
| 2017-12-31 | ₩63.03 Billion | +10.05% |
| 2016-12-31 | ₩57.28 Billion | +7.33% |
| 2015-12-31 | ₩53.37 Billion | +17.04% |
| 2014-12-31 | ₩45.60 Billion | +63.69% |
| 2013-12-31 | ₩27.86 Billion | +27.05% |
| 2012-12-31 | ₩21.92 Billion | +28.91% |
| 2011-12-31 | ₩17.01 Billion | +116.95% |
| 2004-12-31 | ₩7.84 Billion | +82.49% |
| 2000-12-31 | ₩4.30 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Han Express'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 6596070574000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩65.96 Billion | 67.29% |
| Other Components | ₩32.07 Billion | 32.71% |
| Total Equity | ₩98.03 Billion | 100.00% |
Han Express Competitors by Market Cap
The table below lists competitors of Han Express ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Victory Metals Ltd
AU:VTM
|
$10.84 Million |
|
Acset Indonusa Tbk
JK:ACST
|
$10.84 Million |
|
Tah Tong Textile Co Ltd
TW:1441
|
$10.84 Million |
|
Two Hands Corp
PINK:TWOH
|
$10.84 Million |
|
Advanced Braking Technology Ltd
AU:ABV
|
$10.83 Million |
|
Beryl 8 Plus Public Company Limited
BK:BE8
|
$10.83 Million |
|
Orient Ceratech Limited
NSE:ORIENTCER
|
$10.82 Million |
|
Triton Holding Public Company Limited
BK:TRITN
|
$10.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Han Express's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 80,658,611,000 to 98,031,421,820, a change of 17,372,810,820 (21.5%).
- Net income of 16,748,841,050 contributed positively to equity growth.
- Dividend payments of 588,000,000 reduced retained earnings.
- Other factors increased equity by 1,211,969,770.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩16.75 Billion | +17.09% |
| Dividends Paid | ₩588.00 Million | -0.6% |
| Other Changes | ₩1.21 Billion | +1.24% |
| Total Change | ₩- | 21.54% |
Book Value vs Market Value Analysis
This analysis compares Han Express'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: 0.32x
- 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 0.51x to 0.32x 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 | ₩5242.27 | ₩2650.00 | x |
| 2018-12-31 | ₩5572.80 | ₩2650.00 | x |
| 2019-12-31 | ₩5960.40 | ₩2650.00 | x |
| 2020-12-31 | ₩5661.79 | ₩2650.00 | x |
| 2021-12-31 | ₩5978.23 | ₩2650.00 | x |
| 2022-12-31 | ₩8648.87 | ₩2650.00 | x |
| 2023-12-31 | ₩6835.48 | ₩2650.00 | x |
| 2024-12-31 | ₩8307.75 | ₩2650.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Han Express 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): 17.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.35%
- • Asset Turnover: 1.78x
- • Equity Multiplier: 4.08x
- Recent ROE (17.09%) is above the historical average (13.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 44.32% | 2.99% | 2.75x | 5.39x | ₩2.69 Billion |
| 2012 | 24.03% | 2.00% | 3.38x | 3.56x | ₩3.08 Billion |
| 2013 | 21.22% | 1.84% | 3.77x | 3.07x | ₩3.12 Billion |
| 2014 | 40.25% | 5.12% | 3.78x | 2.08x | ₩13.79 Billion |
| 2015 | 14.96% | 1.82% | 3.32x | 2.48x | ₩2.64 Billion |
| 2016 | 9.59% | 1.17% | 3.19x | 2.57x | ₩-234.99 Million |
| 2017 | 10.64% | 1.27% | 2.80x | 2.99x | ₩404.86 Million |
| 2018 | 7.92% | 0.94% | 2.84x | 2.98x | ₩-1.39 Billion |
| 2019 | 8.03% | 0.99% | 2.17x | 3.73x | ₩-1.41 Billion |
| 2020 | -2.94% | -0.33% | 2.04x | 4.44x | ₩-8.79 Billion |
| 2021 | 4.01% | 0.37% | 2.07x | 5.22x | ₩-4.30 Billion |
| 2022 | 6.82% | 0.81% | 2.10x | 4.00x | ₩-3.25 Billion |
| 2023 | -20.20% | -2.44% | 1.56x | 5.30x | ₩-24.36 Billion |
| 2024 | 17.09% | 2.35% | 1.78x | 4.08x | ₩6.95 Billion |
Industry Comparison
This section compares Han Express's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $671,511,103,324
- Average return on equity (ROE) among peers: 18.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Han Express (014130) | ₩89.86 Billion | 44.32% | 3.63x | $10.83 Million |
| CJ Korea Express (000120) | $2.78 Trillion | 1.13% | 1.27x | $611.91 Million |
| Hanjin Transportation Co. Ltd. (002320) | $1.52 Trillion | -0.28% | 1.75x | $108.00 Million |
| Dongbang Trans (004140) | $159.17 Billion | 12.88% | 2.96x | $69.11 Million |
| Sebang (004360) | $431.34 Billion | 4.98% | 0.78x | $111.75 Million |
| Sebang Co Ltd (004365) | $750.48 Billion | 5.60% | 0.25x | $70.43 Million |
| KCTC Co. Ltd (009070) | $121.92 Billion | 1.35% | 0.83x | $60.69 Million |
| Hansol Csn (009180) | $40.43 Billion | 139.11% | 1.23x | $33.82 Million |
| Yoosung T&S Co. Ltd (024800) | $105.18 Billion | 0.99% | 2.13x | $24.84 Million |
| COWELL FASHION Co.Ltd (033290) | $128.42 Billion | 0.00% | 0.86x | $20.14 Million |