Seoul City Gas
Seoul City Gas Co., Ltd. supplies natural gas in South Korea. It also engages in construction activities; real estate rental business; crude oil and natural gas mining business; tourism accommodation facility operation; and management of city gas agency. The company was founded in 1983 and is headquartered in Seoul, South Korea.
Seoul City Gas (017390) - Net Assets
Latest net assets as of September 2025: ₩1.11 Trillion KRW
Based on the latest financial reports, Seoul City Gas (017390) has net assets worth ₩1.11 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.55 Trillion) and total liabilities (₩437.20 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 | ₩1.11 Trillion |
| % of Total Assets | 71.78% |
| Annual Growth Rate | 7.34% |
| 5-Year Change | 6.11% |
| 10-Year Change | 25.58% |
| Growth Volatility | 12.44 |
Seoul City Gas - Net Assets Trend (2000–2024)
This chart illustrates how Seoul City Gas's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Seoul City Gas (2000–2024)
The table below shows the annual net assets of Seoul City Gas from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.10 Trillion | +2.80% |
| 2023-12-31 | ₩1.07 Trillion | +1.41% |
| 2022-12-31 | ₩1.05 Trillion | +1.37% |
| 2021-12-31 | ₩1.04 Trillion | +0.41% |
| 2020-12-31 | ₩1.03 Trillion | +6.89% |
| 2019-12-31 | ₩967.82 Billion | +2.14% |
| 2018-12-31 | ₩947.50 Billion | +3.38% |
| 2017-12-31 | ₩916.55 Billion | +2.92% |
| 2016-12-31 | ₩890.52 Billion | +1.88% |
| 2015-12-31 | ₩874.10 Billion | +1.67% |
| 2014-12-31 | ₩859.78 Billion | +7.57% |
| 2013-12-31 | ₩799.24 Billion | +9.81% |
| 2012-12-31 | ₩727.81 Billion | +9.26% |
| 2011-12-31 | ₩666.11 Billion | +56.60% |
| 2010-12-31 | ₩425.36 Billion | +11.34% |
| 2009-12-31 | ₩382.03 Billion | +7.31% |
| 2008-12-31 | ₩355.99 Billion | +5.87% |
| 2007-12-31 | ₩336.24 Billion | +15.77% |
| 2006-12-31 | ₩290.45 Billion | +10.80% |
| 2005-12-31 | ₩262.13 Billion | +19.68% |
| 2004-12-31 | ₩219.03 Billion | +17.20% |
| 2003-12-31 | ₩186.88 Billion | +8.58% |
| 2002-12-31 | ₩172.11 Billion | -18.51% |
| 2001-12-31 | ₩211.20 Billion | +5.40% |
| 2000-12-31 | ₩200.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seoul City Gas'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 107429760426000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.07 Trillion | 98.14% |
| Other Components | ₩20.34 Billion | 1.86% |
| Total Equity | ₩1.09 Trillion | 100.00% |
Seoul City Gas Competitors by Market Cap
The table below lists competitors of Seoul City Gas ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ASSOCIATED CAP. A DL-001
F:41J
|
$60.11 Million |
|
Chin Hin Group Property Bhd
KLSE:7187
|
$60.12 Million |
|
Daedong Gear Co. Ltd
KQ:008830
|
$60.14 Million |
|
Trajectory Alpha Acquisition Corp
NYSE:TCOA
|
$60.16 Million |
|
Granite Falls Energy LLC
PINK:GFGY
|
$60.09 Million |
|
ARRAIL GROUP LTD.
F:I1D
|
$60.09 Million |
|
Tianjin Songjiang Co Ltd
SHG:600225
|
$60.07 Million |
|
Englewood Lab Inc
KQ:950140
|
$60.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seoul City Gas's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,061,925,120,030 to 1,094,640,625,290, a change of 32,715,505,260 (3.1%).
- Net income of 33,889,707,080 contributed positively to equity growth.
- Dividend payments of 9,104,452,000 reduced retained earnings.
- Share repurchases of 134,235,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩33.89 Billion | +3.1% |
| Dividends Paid | ₩9.10 Billion | -0.83% |
| Share Repurchases | ₩134.24 Million | -0.01% |
| Other Changes | ₩8.06 Billion | +0.74% |
| Total Change | ₩- | 3.08% |
Book Value vs Market Value Analysis
This analysis compares Seoul City Gas'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: 0.24x
- 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 | ₩234861.21 | ₩68100.00 | x |
| 2018-12-31 | ₩242937.79 | ₩68100.00 | x |
| 2019-12-31 | ₩248169.26 | ₩68100.00 | x |
| 2020-12-31 | ₩265409.39 | ₩68100.00 | x |
| 2021-12-31 | ₩266539.46 | ₩68100.00 | x |
| 2022-12-31 | ₩270188.21 | ₩68100.00 | x |
| 2023-12-31 | ₩273495.24 | ₩68100.00 | x |
| 2024-12-31 | ₩278336.77 | ₩68100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seoul City Gas 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): 3.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.99%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.61x
- Recent ROE (3.10%) is below the historical average (7.71%), 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 | 10.34% | 2.75% | 1.25x | 3.00x | ₩666.53 Million |
| 2001 | 7.46% | 1.88% | 1.32x | 3.00x | ₩-5.33 Billion |
| 2002 | 8.41% | 1.83% | 1.61x | 2.86x | ₩-2.74 Billion |
| 2003 | 11.68% | 2.42% | 1.71x | 2.82x | ₩3.13 Billion |
| 2004 | 14.17% | 3.33% | 1.59x | 2.67x | ₩9.12 Billion |
| 2005 | 11.78% | 2.87% | 1.55x | 2.65x | ₩4.66 Billion |
| 2006 | 15.26% | 3.83% | 1.68x | 2.38x | ₩15.29 Billion |
| 2007 | 11.85% | 3.27% | 1.56x | 2.32x | ₩6.22 Billion |
| 2008 | 11.68% | 3.12% | 1.79x | 2.09x | ₩5.97 Billion |
| 2009 | 6.34% | 1.70% | 1.71x | 2.19x | ₩-13.99 Billion |
| 2010 | 11.12% | 2.95% | 1.84x | 2.05x | ₩4.75 Billion |
| 2011 | 8.32% | 3.26% | 1.29x | 1.98x | ₩-11.19 Billion |
| 2012 | 9.06% | 3.38% | 1.27x | 2.11x | ₩-6.77 Billion |
| 2013 | 8.61% | 3.14% | 1.40x | 1.97x | ₩-10.80 Billion |
| 2014 | 7.26% | 2.99% | 1.25x | 1.94x | ₩-22.94 Billion |
| 2015 | 5.12% | 2.89% | 1.07x | 1.65x | ₩-42.44 Billion |
| 2016 | 2.62% | 1.82% | 0.87x | 1.65x | ₩-65.44 Billion |
| 2017 | 3.98% | 2.69% | 0.87x | 1.69x | ₩-54.92 Billion |
| 2018 | 4.39% | 2.98% | 1.01x | 1.45x | ₩-52.98 Billion |
| 2019 | 3.03% | 2.14% | 0.86x | 1.64x | ₩-67.22 Billion |
| 2020 | 12.71% | 10.23% | 0.76x | 1.64x | ₩27.96 Billion |
| 2021 | 0.80% | 0.65% | 0.77x | 1.61x | ₩-95.19 Billion |
| 2022 | 1.69% | 1.03% | 0.92x | 1.78x | ₩-87.23 Billion |
| 2023 | 1.90% | 1.17% | 0.97x | 1.67x | ₩-86.05 Billion |
| 2024 | 3.10% | 1.99% | 0.96x | 1.61x | ₩-75.57 Billion |
Industry Comparison
This section compares Seoul City Gas's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $386,413,876,323
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seoul City Gas (017390) | ₩1.11 Trillion | 10.34% | 0.39x | $60.10 Million |
| Samchully (004690) | $1.14 Trillion | 2.92% | 1.14x | $178.51 Million |
| Taekyung Chem (006890) | $97.46 Billion | 1.68% | 0.14x | $26.75 Million |
| Kyungdong Gas (012320) | $482.49 Billion | 4.49% | 0.28x | $49.50 Million |
| Yesco Holdings Co. Ltd (015360) | $608.99 Billion | 3.23% | 1.54x | $60.49 Million |
| Daesung Holdin (016710) | $129.56 Billion | 11.23% | 1.39x | $26.28 Million |
| Incheon City G (034590) | $200.00 Billion | 6.09% | 1.12x | $19.99 Million |
| GSE Co. Ltd (053050) | $94.39 Billion | 3.77% | 1.53x | $31.10 Million |
| Daesung Energy (117580) | $301.99 Billion | 4.27% | 1.17x | $50.56 Million |
| Kyungdong City Gas Co Ltd (267290) | $420.80 Billion | 7.27% | 1.26x | $43.05 Million |