Han Express (014130) - Net Assets

Latest as of December 2025: ₩86.22 Billion KRW ≈ $58.43 Million USD

Based on the latest financial reports, Han Express (014130) has net assets worth ₩86.22 Billion KRW (≈ $58.43 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩401.23 Billion ≈ $271.91 Million USD) and total liabilities (₩315.01 Billion ≈ $213.48 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 014130 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩86.22 Billion
% of Total Assets	21.49%
Annual Growth Rate	12.75%
5-Year Change	17.28%
10-Year Change	50.53%
Growth Volatility	35.15

Han Express - Net Assets Trend (2000–2025)

This chart illustrates how Han Express's net assets have evolved over time, based on quarterly financial data. See 014130 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Han Express (2000–2025)

The table below shows the annual net assets of Han Express from 2000 to 2025. For live valuation and market cap data, see Han Express market cap and net worth.

Year	Net Assets	Change
2025-12-31	₩86.22 Billion ≈ $58.43 Million	-16.07%
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 5084992693000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩50.85 Billion	61.77%
Other Components	₩31.47 Billion	38.23%
Total Equity	₩82.32 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
Lancashire Holdings Ltd LSE:LRE	$18.71 Million
ATP 30 Public Company Limited BK:ATP30	$18.71 Million
Mhethanol Co. Ltd. KO:023150	$18.74 Million
Southern Fertilizer JSC VN:SFG	$18.74 Million
Mexco Energy Corporation NYSE MKT:MXC	$18.69 Million
Verimatrix PA:VMX	$18.67 Million
Excelsior Capital Ltd AU:ECL	$18.67 Million
Niocan Inc V:NIO	$18.65 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 2024 to 2025, total equity changed from 98,031,421,820 to 82,316,020,230, a change of -15,715,401,590 (-16.0%).
Net loss of 13,846,100,200 reduced equity.
Dividend payments of 1,345,351,420 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩-13.85 Billion	-16.82%
Dividends Paid	₩1.35 Billion	-1.63%
Other Changes	₩-523.95 Million	-0.64%
Total Change	₩-	-16.03%

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 0.45x 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	₩2340.00	x
2018-12-31	₩5572.80	₩2340.00	x
2019-12-31	₩5960.40	₩2340.00	x
2020-12-31	₩5661.79	₩2340.00	x
2021-12-31	₩5978.23	₩2340.00	x
2022-12-31	₩8648.87	₩2340.00	x
2023-12-31	₩6835.48	₩2340.00	x
2024-12-31	₩8307.75	₩2340.00	x
2025-12-31	₩6975.93	₩2340.00	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): -16.82%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -2.20%
• Asset Turnover: 1.57x
• Equity Multiplier: 4.87x
Recent ROE (-16.82%) is below the historical average (11.26%), suggesting potential challenges in 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
2025	-16.82%	-2.20%	1.57x	4.87x	₩-22.08 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: $460,784,810,161
Average return on equity (ROE) among peers: 5.75%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Han Express (014130)	₩86.22 Billion	44.32%	3.65x	$18.71 Million
CJ Korea Express (000120)	$1.88 Trillion	0.19%	0.84x	$1.10 Billion
Kukbo Co. Ltd. (001140)	$21.69 Billion	1.25%	2.32x	$150.40K
Hanjin Transportation Co. Ltd. (002320)	$734.49 Billion	13.65%	2.41x	$166.61 Million
Dongbang Trans (004140)	$116.77 Billion	11.22%	3.51x	$64.78 Million
Sebang (004360)	$316.23 Billion	1.75%	1.12x	$166.59 Million
Sebang Co Ltd (004365)	$750.48 Billion	5.60%	0.25x	$24.95 Million
KCTC Co. Ltd (009070)	$178.53 Billion	4.55%	0.92x	$90.37 Million
Hansol Csn (009180)	$47.06 Billion	12.56%	2.54x	$53.99 Million
Yoosung T&S Co. Ltd (024800)	$105.18 Billion	0.99%	2.13x	$105.36 Million

About Han Express

KO:014130 Korea Integrated Freight & Logistics

Market Cap

$18.71 Million

₩27.61 Billion KRW

Market Cap Rank

#25354 Global

#1836 in Korea

Share Price

₩2340.00

Change (1 day)

-0.21%

52-Week Range

₩2250.00 - ₩3650.00

All Time High

₩438512.11