Fursys (016800) - Net Assets
Based on the latest financial reports, Fursys (016800) has net assets worth ₩598.29 Billion KRW (≈ $405.46 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩675.49 Billion ≈ $457.77 Million USD) and total liabilities (₩77.20 Billion ≈ $52.31 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. Also explore 016800 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩598.29 Billion |
| % of Total Assets | 88.57% |
| Annual Growth Rate | 7.31% |
| 5-Year Change | 20.13% |
| 10-Year Change | 62.34% |
| Growth Volatility | 5.87 |
Fursys - Net Assets Trend (2000–2025)
This chart illustrates how Fursys's net assets have evolved over time, based on quarterly financial data. Check Fursys tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Fursys (2000–2025)
The table below shows the annual net assets of Fursys from 2000 to 2025. For live valuation and market cap data, see 016800 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩597.67 Billion ≈ $405.03 Million |
+4.12% |
| 2024-12-31 | ₩574.01 Billion ≈ $389.00 Million |
+8.18% |
| 2023-12-31 | ₩530.59 Billion ≈ $359.57 Million |
+12.19% |
| 2022-12-31 | ₩472.95 Billion ≈ $320.51 Million |
-4.94% |
| 2021-12-31 | ₩497.51 Billion ≈ $337.15 Million |
+7.94% |
| 2020-12-31 | ₩460.93 Billion ≈ $312.36 Million |
+3.83% |
| 2019-12-31 | ₩443.91 Billion ≈ $300.83 Million |
+5.55% |
| 2018-12-31 | ₩420.57 Billion ≈ $285.02 Million |
+9.41% |
| 2017-12-31 | ₩384.41 Billion ≈ $260.51 Million |
+4.42% |
| 2016-12-31 | ₩368.15 Billion ≈ $249.49 Million |
+21.30% |
| 2012-12-31 | ₩303.51 Billion ≈ $205.68 Million |
+3.56% |
| 2011-12-31 | ₩293.06 Billion ≈ $198.60 Million |
+8.07% |
| 2010-12-31 | ₩271.17 Billion ≈ $183.77 Million |
-3.07% |
| 2009-12-31 | ₩279.75 Billion ≈ $189.58 Million |
+8.41% |
| 2008-12-31 | ₩258.04 Billion ≈ $174.87 Million |
+7.57% |
| 2007-12-31 | ₩239.87 Billion ≈ $162.56 Million |
+11.31% |
| 2006-12-31 | ₩215.49 Billion ≈ $146.03 Million |
+12.76% |
| 2005-12-31 | ₩191.11 Billion ≈ $129.51 Million |
+16.97% |
| 2004-12-31 | ₩163.39 Billion ≈ $110.72 Million |
+13.80% |
| 2003-12-31 | ₩143.57 Billion ≈ $97.30 Million |
+12.92% |
| 2002-12-31 | ₩127.15 Billion ≈ $86.16 Million |
+13.85% |
| 2001-12-31 | ₩111.68 Billion ≈ $75.68 Million |
+8.99% |
| 2000-12-31 | ₩102.46 Billion ≈ $69.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fursys'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 63073226479000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩630.73 Billion | 105.53% |
| Total Equity | ₩597.67 Billion | 100.00% |
Fursys Competitors by Market Cap
The table below lists competitors of Fursys ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Borosil Scientific
NSE:BOROSCI
|
$151.65 Million |
|
Punjab Chemicals & Crop Protection Limited
NSE:PUNJABCHEM
|
$151.68 Million |
|
Cho Kwang Leat
KO:004700
|
$151.69 Million |
|
Madhya Bharat Agro Products Limited
NSE:MBAPL
|
$151.81 Million |
|
AMA Group Ltd
AU:AMA
|
$151.60 Million |
|
Orogen Royalties Inc
V:OGN
|
$151.58 Million |
|
Jarllytec Co Ltd
TWO:3548
|
$151.54 Million |
|
Assertio Therapeutics Inc
NASDAQ:ASRT
|
$151.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fursys's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 574,010,179,970 to 597,668,247,320, a change of 23,658,067,350 (4.1%).
- Net income of 35,580,171,230 contributed positively to equity growth.
- Dividend payments of 10,738,742,400 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩35.58 Billion | +5.95% |
| Dividends Paid | ₩10.74 Billion | -1.8% |
| Other Changes | ₩-1.18 Billion | -0.2% |
| Total Change | ₩- | 4.12% |
Book Value vs Market Value Analysis
This analysis compares Fursys'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: 0.37x
- 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 0.61x to 0.37x 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 | ₩40756.93 | ₩25000.00 | x |
| 2018-12-31 | ₩44599.40 | ₩25000.00 | x |
| 2019-12-31 | ₩47074.52 | ₩25000.00 | x |
| 2020-12-31 | ₩50209.80 | ₩25000.00 | x |
| 2021-12-31 | ₩54248.54 | ₩25000.00 | x |
| 2022-12-31 | ₩52783.48 | ₩25000.00 | x |
| 2023-12-31 | ₩59247.18 | ₩25000.00 | x |
| 2024-12-31 | ₩64142.73 | ₩25000.00 | x |
| 2025-12-31 | ₩66786.40 | ₩25000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fursys 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): 5.95%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.93%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.12x
- Recent ROE (5.95%) is below the historical average (10.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 19.27% | 12.81% | 1.21x | 1.24x | ₩9.49 Billion |
| 2001 | 12.86% | 10.86% | 0.96x | 1.23x | ₩3.19 Billion |
| 2002 | 14.20% | 11.64% | 1.02x | 1.20x | ₩5.34 Billion |
| 2003 | 12.13% | 11.13% | 0.91x | 1.20x | ₩3.06 Billion |
| 2004 | 14.42% | 13.51% | 0.88x | 1.22x | ₩7.22 Billion |
| 2005 | 16.47% | 15.59% | 0.86x | 1.24x | ₩12.37 Billion |
| 2006 | 13.63% | 13.55% | 0.82x | 1.23x | ₩7.83 Billion |
| 2007 | 13.67% | 13.83% | 0.80x | 1.24x | ₩8.81 Billion |
| 2008 | 13.91% | 13.98% | 0.81x | 1.22x | ₩10.08 Billion |
| 2009 | 11.42% | 14.07% | 0.67x | 1.21x | ₩3.98 Billion |
| 2010 | 12.70% | 12.67% | 0.79x | 1.26x | ₩7.16 Billion |
| 2011 | 12.04% | 12.32% | 0.80x | 1.23x | ₩5.80 Billion |
| 2012 | 9.69% | 13.25% | 0.65x | 1.13x | ₩-950.29 Million |
| 2016 | 6.30% | 10.01% | 0.56x | 1.13x | ₩-13.63 Billion |
| 2017 | 5.74% | 7.62% | 0.66x | 1.14x | ₩-16.38 Billion |
| 2018 | 10.82% | 14.41% | 0.65x | 1.15x | ₩3.44 Billion |
| 2019 | 7.65% | 11.14% | 0.63x | 1.09x | ₩-10.43 Billion |
| 2020 | 7.39% | 11.87% | 0.57x | 1.08x | ₩-12.04 Billion |
| 2021 | 9.07% | 13.81% | 0.57x | 1.16x | ₩-4.65 Billion |
| 2022 | 1.24% | 1.54% | 0.70x | 1.15x | ₩-41.42 Billion |
| 2023 | 12.61% | 18.43% | 0.61x | 1.13x | ₩13.84 Billion |
| 2024 | 8.31% | 12.37% | 0.60x | 1.12x | ₩-9.68 Billion |
| 2025 | 5.95% | 9.93% | 0.53x | 1.12x | ₩-24.19 Billion |
Industry Comparison
This section compares Fursys's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $250,798,479,446
- Average return on equity (ROE) among peers: 11.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fursys (016800) | ₩598.29 Billion | 19.27% | 0.13x | $151.61 Million |
| Shinil Electronics Co (002700) | $66.64 Billion | 17.46% | 0.53x | $50.01 Million |
| Ace Bed Company Limited (003800) | $252.03 Billion | 15.10% | 0.14x | $232.87 Million |
| Hankook Furniture Co. Ltd (004590) | $116.75 Billion | 7.93% | 0.33x | $50.83 Million |
| Hanssem (009240) | $123.52 Billion | 8.88% | 0.98x | $437.62 Million |
| Enex Co.Ltd (011090) | $59.46 Billion | 2.28% | 1.61x | $77.85 Million |
| Zinus Inc (013890) | $414.41 Billion | 11.05% | 1.16x | $128.97 Million |
| COWAY Co. Ltd (021240) | $1.09 Trillion | 32.20% | 1.19x | $4.35 Billion |
| PN Poong Nyun Co. Ltd (024940) | $46.25 Billion | 3.69% | 0.18x | $12.10 Million |
| Hansol Homedec (025750) | $90.42 Billion | 7.51% | 1.39x | $19.72 Million |
About Fursys
Fursys Inc. designs, manufactures, and sells office and home furniture products primarily in South Korea. It primarily offers desks and panels, executive and multi-use chairs, benches chairs, stools, bar stools, sofas, armchair, storage, shelves, worktools, bookshelves, and study tables. It markets its products under the FURSYS, iloom, and SIDIZ brands. Fursys Inc. was founded in 1983 and is base… Read more