Kwang Myung El

KO:017040 Korea Electrical Equipment & Parts
Market Cap
$33.00 Million
₩48.31 Billion KRW
Market Cap Rank
#26025 Global
#1644 in Korea
Share Price
₩1145.00
Change (1 day)
-20.65%
52-Week Range
₩1000.00 - ₩2170.00
All Time High
₩4743.63
Categories
Companies in Korea Electrical Equipment & Parts
About

Kwang Myung Electric Co.,Ltd manufactures and sells various switchgears in South Korea and internationally. It offers high and low voltage switchgears; metal clad switchgears; gas insulated switchgears; package switchgears; motor control centers; panels boards; low break switches; and circuit brakers. The company also provides AC and DC railway power solutions, as well as smart grid solutions for… Read more

Kwang Myung El (017040) - Net Assets

Latest net assets as of September 2025: ₩49.62 Billion KRW

Based on the latest financial reports, Kwang Myung El (017040) has net assets worth ₩49.62 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 (₩138.43 Billion) and total liabilities (₩88.81 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 ₩49.62 Billion
% of Total Assets 35.84%
Annual Growth Rate 2.38%
5-Year Change -34.16%
10-Year Change -17.7%
Growth Volatility 12.35

Kwang Myung El - Net Assets Trend (2005–2024)

This chart illustrates how Kwang Myung El's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Kwang Myung El (2005–2024)

The table below shows the annual net assets of Kwang Myung El from 2005 to 2024.

Year Net Assets Change
2024-12-31 ₩72.29 Billion -44.73%
2023-12-31 ₩130.79 Billion +10.42%
2022-12-31 ₩118.45 Billion +2.88%
2021-12-31 ₩115.14 Billion +4.87%
2020-12-31 ₩109.79 Billion +4.16%
2019-12-31 ₩105.40 Billion +6.73%
2018-12-31 ₩98.75 Billion +2.17%
2017-12-31 ₩96.65 Billion -1.44%
2016-12-31 ₩98.06 Billion +11.65%
2015-12-31 ₩87.83 Billion +11.61%
2014-12-31 ₩78.70 Billion +12.67%
2013-12-31 ₩69.85 Billion +10.88%
2012-12-31 ₩62.99 Billion +0.09%
2011-12-31 ₩62.94 Billion +4.55%
2010-12-31 ₩60.20 Billion +1.39%
2009-12-31 ₩59.37 Billion +0.67%
2008-12-31 ₩58.97 Billion +1.87%
2007-12-31 ₩57.89 Billion +7.40%
2006-12-31 ₩53.90 Billion +16.61%
2005-12-31 ₩46.22 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Kwang Myung El'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 3647150448000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩36.47 Billion 50.45%
Other Components ₩35.81 Billion 49.55%
Total Equity ₩72.29 Billion 100.00%

Kwang Myung El Competitors by Market Cap

The table below lists competitors of Kwang Myung El ranked by their market capitalization.

Company Market Cap
Farmacias Benavides S.A.B. de C.V.
MX:BEVIDESB
 		$17.74 Million
Eildon Capital Group
AU:EDC
 		$17.75 Million
SYSTEM1 GROUP LS-01
F:BBA
 		$17.77 Million
Applus Servicios Tecnologicos
MC:APPS
 		$17.77 Million
SAREUM HLDGS LS-0125
F:RYH0
 		$17.74 Million
P5X0
F:P5X0
 		$17.73 Million
Hotel Holiday Garden
TW:2702
 		$17.73 Million
Kilitch Drugs (India) Limited
NSE:KILITCH
 		$17.73 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Kwang Myung El's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 123,009,953,240 to 72,285,942,910, a change of -50,724,010,330 (-41.2%).
  • Net loss of 43,217,121,720 reduced equity.
  • Dividend payments of 433,376,150 reduced retained earnings.
  • Share repurchases of 1,571,524,150 reduced equity.
  • Other factors decreased equity by 5,501,988,310.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩-43.22 Billion -59.79%
Dividends Paid ₩433.38 Million -0.6%
Share Repurchases ₩1.57 Billion -2.17%
Other Changes ₩-5.50 Billion -7.61%
Total Change ₩- -41.24%

Book Value vs Market Value Analysis

This analysis compares Kwang Myung El'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: 0.67x
  • 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 increased from 0.56x to 0.67x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 ₩2032.24 ₩1145.00 x
2018-12-31 ₩2078.23 ₩1145.00 x
2019-12-31 ₩2254.71 ₩1145.00 x
2020-12-31 ₩2361.61 ₩1145.00 x
2021-12-31 ₩2486.00 ₩1145.00 x
2022-12-31 ₩2611.38 ₩1145.00 x
2023-12-31 ₩2896.22 ₩1145.00 x
2024-12-31 ₩1709.33 ₩1145.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kwang Myung El 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): -59.79%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -30.35%
  • • Asset Turnover: 1.00x
  • • Equity Multiplier: 1.97x
  • Recent ROE (-59.79%) is below the historical average (1.90%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2005 9.03% 7.10% 0.77x 1.66x ₩-418.65 Million
2006 9.25% 8.88% 0.73x 1.43x ₩-380.84 Million
2007 0.94% 0.75% 0.74x 1.70x ₩-4.74 Billion
2009 0.50% 0.31% 0.84x 1.91x ₩-4.97 Billion
2010 0.57% 0.32% 0.85x 2.07x ₩-4.95 Billion
2012 1.22% 0.59% 0.89x 2.30x ₩-5.00 Billion
2013 9.19% 4.90% 0.97x 1.92x ₩-510.91 Million
2014 11.75% 6.19% 0.97x 1.95x ₩1.24 Billion
2015 8.26% 6.89% 0.71x 1.69x ₩-1.35 Billion
2016 10.98% 10.13% 0.66x 1.64x ₩874.30 Million
2017 -2.22% -1.92% 0.67x 1.73x ₩-10.76 Billion
2018 2.90% 2.29% 0.75x 1.69x ₩-6.40 Billion
2019 8.20% 6.07% 0.84x 1.60x ₩-1.76 Billion
2020 4.57% 3.78% 0.74x 1.62x ₩-5.56 Billion
2021 5.40% 4.24% 0.81x 1.58x ₩-4.96 Billion
2022 4.99% 4.00% 0.80x 1.55x ₩-5.56 Billion
2023 8.49% 6.48% 0.86x 1.52x ₩-1.86 Billion
2024 -59.79% -30.35% 1.00x 1.97x ₩-50.45 Billion

Industry Comparison

This section compares Kwang Myung El's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $3,169,826,858,518
  • Average return on equity (ROE) among peers: 4.92%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Kwang Myung El (017040) ₩49.62 Billion 9.03% 1.79x $17.74 Million
Kumho Electric (001210) $302.39 Billion 8.90% 0.83x $23.46 Million
Taihan Electric Wire Co Ltd (001440) $321.92 Billion -0.92% 2.64x $2.17 Billion
Posco Chemical Co Ltd (003670) $3.32 Trillion -6.39% 1.39x $4.87 Billion
Sebang Global Battery Co Ltd (004490) $1.34 Trillion 8.71% 0.37x $222.68 Million
LS Corp (006260) $3.01 Trillion 4.09% 2.33x $3.06 Billion
Daewon Cable (006340) $42.00 Billion 0.90% 1.45x $196.28 Million
Daewon Cable Co. Ltd. Preference Shares (006345) $113.85 Billion 5.97% 0.99x $70.84 Million
Samsung SDI (006400) $7.54 Trillion 1.70% 0.40x $16.12 Billion
Samsung Sdi Co Pref (006405) $15.20 Trillion 7.70% 0.70x $7.85 Billion
LS Electric (010120) $509.15 Billion 18.56% 1.33x $7.89 Billion