Daechang Forgi (015230) - Net Assets
Based on the latest financial reports, Daechang Forgi (015230) has net assets worth ₩315.36 Billion KRW (≈ $213.72 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 (₩396.56 Billion ≈ $268.74 Million USD) and total liabilities (₩81.19 Billion ≈ $55.02 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 015230 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩315.36 Billion |
| % of Total Assets | 79.53% |
| Annual Growth Rate | 10.14% |
| 5-Year Change | 52.81% |
| 10-Year Change | 98.82% |
| Growth Volatility | 8.46 |
Daechang Forgi - Net Assets Trend (2001–2024)
This chart illustrates how Daechang Forgi's net assets have evolved over time, based on quarterly financial data. Also explore Daechang Forgi balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Daechang Forgi (2001–2024)
The table below shows the annual net assets of Daechang Forgi from 2001 to 2024. For live valuation and market cap data, see Daechang Forgi market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩301.34 Billion ≈ $204.22 Million |
+10.57% |
| 2023-12-31 | ₩272.54 Billion ≈ $184.70 Million |
+12.43% |
| 2022-12-31 | ₩242.40 Billion ≈ $164.27 Million |
+6.70% |
| 2021-12-31 | ₩227.17 Billion ≈ $153.95 Million |
+15.19% |
| 2020-12-31 | ₩197.20 Billion ≈ $133.64 Million |
+3.52% |
| 2019-12-31 | ₩190.50 Billion ≈ $129.10 Million |
+5.04% |
| 2018-12-31 | ₩181.35 Billion ≈ $122.90 Million |
+5.64% |
| 2017-12-31 | ₩171.67 Billion ≈ $116.34 Million |
+5.19% |
| 2016-12-31 | ₩163.20 Billion ≈ $110.60 Million |
+7.68% |
| 2015-12-31 | ₩151.57 Billion ≈ $102.72 Million |
+9.84% |
| 2014-12-31 | ₩137.99 Billion ≈ $93.52 Million |
+15.10% |
| 2013-12-31 | ₩119.90 Billion ≈ $81.25 Million |
+15.20% |
| 2012-12-31 | ₩104.07 Billion ≈ $70.53 Million |
+24.35% |
| 2011-12-31 | ₩83.69 Billion ≈ $56.72 Million |
+27.58% |
| 2010-12-31 | ₩65.60 Billion ≈ $44.46 Million |
+23.71% |
| 2009-12-31 | ₩53.03 Billion ≈ $35.94 Million |
+3.69% |
| 2008-12-31 | ₩51.14 Billion ≈ $34.66 Million |
+15.39% |
| 2007-12-31 | ₩44.32 Billion ≈ $30.04 Million |
+8.51% |
| 2006-12-31 | ₩40.85 Billion ≈ $27.68 Million |
+6.47% |
| 2005-12-31 | ₩38.36 Billion ≈ $26.00 Million |
+14.67% |
| 2004-12-31 | ₩33.46 Billion ≈ $22.67 Million |
+12.23% |
| 2003-12-31 | ₩29.81 Billion ≈ $20.20 Million |
+7.25% |
| 2002-12-31 | ₩27.79 Billion ≈ $18.84 Million |
-14.91% |
| 2001-12-31 | ₩32.66 Billion ≈ $22.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Daechang Forgi'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 29832948066000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩298.33 Billion | 99.59% |
| Other Components | ₩1.22 Billion | 0.41% |
| Total Equity | ₩299.55 Billion | 100.00% |
Daechang Forgi Competitors by Market Cap
The table below lists competitors of Daechang Forgi ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Awardit AB
ST:AWRD
|
$121.17 Million |
|
Afyon Cimento Sanayi TAS
IS:AFYON
|
$121.21 Million |
|
Traphaco JSC
VN:TRA
|
$121.26 Million |
|
Indonesia Fibreboard Industry PT
JK:IFII
|
$121.33 Million |
|
CAPRAL LTD.
F:CBZ
|
$121.10 Million |
|
Micro Systemation AB (publ)
ST:MSAB-B
|
$121.06 Million |
|
New Best Wire Industrial Co Ltd
TWO:5013
|
$121.06 Million |
|
Taseco Air Services JSC
VN:AST
|
$121.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daechang Forgi's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 266,615,963,140 to 299,546,671,490, a change of 32,930,708,350 (12.4%).
- Net income of 33,574,659,210 contributed positively to equity growth.
- Dividend payments of 4,661,941,000 reduced retained earnings.
- Share repurchases of 4,478,526,180 reduced equity.
- Other factors increased equity by 8,496,516,320.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩33.57 Billion | +11.21% |
| Dividends Paid | ₩4.66 Billion | -1.56% |
| Share Repurchases | ₩4.48 Billion | -1.5% |
| Other Changes | ₩8.50 Billion | +2.84% |
| Total Change | ₩- | 12.35% |
Book Value vs Market Value Analysis
This analysis compares Daechang Forgi'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: 0.60x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩11303.23 | ₩7090.00 | x |
| 2018-12-31 | ₩12044.72 | ₩7090.00 | x |
| 2019-12-31 | ₩13362.82 | ₩7090.00 | x |
| 2020-12-31 | ₩14472.19 | ₩7090.00 | x |
| 2021-12-31 | ₩8238.72 | ₩7090.00 | x |
| 2022-12-31 | ₩9160.95 | ₩7090.00 | x |
| 2023-12-31 | ₩10293.77 | ₩7090.00 | x |
| 2024-12-31 | ₩11880.20 | ₩7090.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daechang Forgi 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): 11.21%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.42%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.24x
- Recent ROE (11.21%) is below the historical average (12.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 5.89% | 1.34% | 0.96x | 4.60x | ₩-1.13 Billion |
| 2004 | 14.01% | 3.09% | 1.09x | 4.16x | ₩1.25 Billion |
| 2005 | 13.46% | 2.56% | 1.47x | 3.58x | ₩1.23 Billion |
| 2006 | 8.77% | 2.04% | 1.39x | 3.10x | ₩-462.01 Million |
| 2007 | 8.66% | 2.04% | 1.58x | 2.68x | ₩-543.48 Million |
| 2008 | 8.67% | 1.72% | 1.67x | 3.02x | ₩-610.62 Million |
| 2009 | 7.16% | 1.87% | 1.80x | 2.12x | ₩-1.38 Billion |
| 2010 | 21.00% | 4.48% | 2.13x | 2.21x | ₩6.68 Billion |
| 2011 | 27.79% | 5.91% | 2.47x | 1.90x | ₩13.94 Billion |
| 2012 | 23.71% | 7.53% | 2.17x | 1.45x | ₩13.59 Billion |
| 2013 | 15.64% | 6.96% | 1.67x | 1.35x | ₩6.48 Billion |
| 2014 | 14.10% | 7.57% | 1.33x | 1.40x | ₩5.40 Billion |
| 2015 | 10.94% | 6.79% | 1.18x | 1.36x | ₩1.35 Billion |
| 2016 | 8.98% | 6.53% | 1.05x | 1.30x | ₩-1.59 Billion |
| 2017 | 7.49% | 4.76% | 1.19x | 1.32x | ₩-4.12 Billion |
| 2018 | 6.90% | 3.75% | 1.40x | 1.32x | ₩-5.40 Billion |
| 2019 | 7.94% | 5.21% | 1.16x | 1.31x | ₩-3.74 Billion |
| 2020 | 7.09% | 5.03% | 1.07x | 1.32x | ₩-5.45 Billion |
| 2021 | 12.49% | 7.52% | 1.19x | 1.40x | ₩5.30 Billion |
| 2022 | 15.47% | 8.71% | 1.25x | 1.43x | ₩12.98 Billion |
| 2023 | 12.73% | 9.12% | 1.11x | 1.26x | ₩7.27 Billion |
| 2024 | 11.21% | 10.42% | 0.87x | 1.24x | ₩3.62 Billion |
Industry Comparison
This section compares Daechang Forgi's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $565,000,713,308
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daechang Forgi (015230) | ₩315.36 Billion | 5.89% | 0.26x | $121.15 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $1.60 Billion |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $183.40 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $33.46 Million |
| Tae Won Mulsan (001420) | $32.20 Billion | 1.67% | 0.19x | $15.16 Million |
| Dongkook Ind (001620) | $170.07 Billion | -12.97% | 2.34x | $48.42 Million |
| PS Tec. Co. Ltd (002230) | $42.65 Billion | 9.95% | 0.26x | $112.51 Million |
| Nexen Tire (002350) | $1.60 Trillion | 0.30% | 1.39x | $484.20 Million |
| Nexen Tire Prf 1 (002355) | $1.56 Trillion | 7.59% | 1.21x | $19.07 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $31.63 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $33.27 Million |
About Daechang Forgi
Daechang Forging Co., Ltd. manufactures and sells various forged products in South Korea and internationally. It offers undercarriage parts for heavy construction equipment, such as excavators and dozers; track group assembly; track rollers and idlers; segments and sprockets; crankshafts; mini excavators; and other parts. Daechang Forging Co., Ltd. was founded in 1955 and is based in Gimhae-si, S… Read more