Han Express (014130) - Net Assets

Latest as of September 2025: ₩89.86 Billion KRW ≈ $60.90 Million USD

Based on the latest financial reports, Han Express (014130) has net assets worth ₩89.86 Billion KRW (≈ $60.90 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 (₩415.98 Billion ≈ $281.90 Million USD) and total liabilities (₩326.11 Billion ≈ $221.00 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 Han Express (014130) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Han Express for the complete picture of this company's asset base.

Annual Net Assets for Han Express (2000–2024)

The table below shows the annual net assets of Han Express from 2000 to 2024. For live valuation and market cap data, see Han Express market cap and net worth.

Year	Net Assets	Change
2024-12-31	₩102.73 Billion ≈ $69.62 Million	+21.42%
2023-12-31	₩84.60 Billion ≈ $57.34 Million	-19.70%
2022-12-31	₩105.35 Billion ≈ $71.40 Million	+43.31%
2021-12-31	₩73.52 Billion ≈ $49.82 Million	+7.18%
2020-12-31	₩68.59 Billion ≈ $46.48 Million	-4.88%
2019-12-31	₩72.11 Billion ≈ $48.87 Million	+7.67%
2018-12-31	₩66.97 Billion ≈ $45.39 Million	+6.25%
2017-12-31	₩63.03 Billion ≈ $42.72 Million	+10.05%
2016-12-31	₩57.28 Billion ≈ $38.82 Million	+7.33%
2015-12-31	₩53.37 Billion ≈ $36.17 Million	+17.04%
2014-12-31	₩45.60 Billion ≈ $30.90 Million	+63.69%
2013-12-31	₩27.86 Billion ≈ $18.88 Million	+27.05%
2012-12-31	₩21.92 Billion ≈ $14.86 Million	+28.91%
2011-12-31	₩17.01 Billion ≈ $11.53 Million	+116.95%
2004-12-31	₩7.84 Billion ≈ $5.31 Million	+82.49%
2000-12-31	₩4.30 Billion ≈ $2.91 Million	--

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
Bintang Mitra Semestaraya Tbk JK:BMSR	$22.28 Million
Rex Industry Bhd KLSE:9946	$22.29 Million
RIAS A/S CO:RIAS-B	$22.30 Million
Cashlez Worldwide Indonesia Tbk JK:CASH	$22.31 Million
PT Cilacap Samudera Fishing Industry Tbk JK:ASHA	$22.27 Million
Maternus-Kliniken Aktiengesellschaft F:MAK	$22.26 Million
Przedsiebiorstwo Przemyslu Spozywczego PEPEES S.A. WAR:PPS	$22.26 Million
HANBIT SOFT Inc KQ:047080	$22.26 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: 0.34x
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 0.53x to 0.34x 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	₩2785.00	x
2018-12-31	₩5572.80	₩2785.00	x
2019-12-31	₩5960.40	₩2785.00	x
2020-12-31	₩5661.79	₩2785.00	x
2021-12-31	₩5978.23	₩2785.00	x
2022-12-31	₩8648.87	₩2785.00	x
2023-12-31	₩6835.48	₩2785.00	x
2024-12-31	₩8307.75	₩2785.00	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: $468,279,782,512
Average return on equity (ROE) among peers: 3.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Han Express (014130)	₩89.86 Billion	44.32%	3.63x	$22.27 Million
CJ Korea Express (000120)	$782.76 Billion	2.41%	0.64x	$1.37 Billion
Kukbo Co. Ltd. (001140)	$29.77 Billion	-12.93%	2.30x	$150.40K
Hanjin Transportation Co. Ltd. (002320)	$1.37 Trillion	11.55%	1.82x	$194.21 Million
Dongbang Trans (004140)	$130.28 Billion	0.63%	3.36x	$94.42 Million
Sebang (004360)	$353.34 Billion	4.32%	1.06x	$197.89 Million
Sebang Co Ltd (004365)	$1.13 Trillion	7.53%	0.30x	$25.78 Million
KCTC Co. Ltd (009070)	$118.18 Billion	3.95%	0.59x	$120.56 Million
Hansol Csn (009180)	$130.12 Billion	6.67%	1.06x	$60.57 Million
Yoosung T&S Co. Ltd (024800)	$161.47 Billion	6.95%	1.28x	$100.38 Million

About Han Express

KO:014130 Korea Integrated Freight & Logistics

Market Cap

$22.27 Million

₩32.86 Billion KRW

Market Cap Rank

#24691 Global

#1823 in Korea

Share Price

₩2785.00

Change (1 day)

+0.00%

52-Week Range

₩2580.00 - ₩3650.00

All Time High

₩438512.11