Seoul City Gas Net Assets
Seoul City Gas net assets. Based on the latest financial reports, Seoul City Gas (017390) has net assets worth ₩1.11 Trillion KRW (≈ $753.59 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 (₩1.55 Trillion ≈ $1.05 Billion USD) and total liabilities (₩437.20 Billion ≈ $296.28 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 Seoul City Gas (017390) net asset momentum to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Seoul City Gas (2000–2024)
Net assets of Seoul City Gas from 2000 to 2024. This chart illustrates how Seoul City Gas's net assets have evolved over time, based on quarterly financial data. See how leveraged is Seoul City Gas's balance sheet to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see Seoul City Gas market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.10 Trillion ≈ $743.91 Million |
+2.80% |
| 2023-12-31 | ₩1.07 Trillion ≈ $723.63 Million |
+1.41% |
| 2022-12-31 | ₩1.05 Trillion ≈ $713.58 Million |
+1.37% |
| 2021-12-31 | ₩1.04 Trillion ≈ $703.96 Million |
+0.41% |
| 2020-12-31 | ₩1.03 Trillion ≈ $701.06 Million |
+6.89% |
| 2019-12-31 | ₩967.82 Billion ≈ $655.88 Million |
+2.14% |
| 2018-12-31 | ₩947.50 Billion ≈ $642.11 Million |
+3.38% |
| 2017-12-31 | ₩916.55 Billion ≈ $621.13 Million |
+2.92% |
| 2016-12-31 | ₩890.52 Billion ≈ $603.49 Million |
+1.88% |
| 2015-12-31 | ₩874.10 Billion ≈ $592.37 Million |
+1.67% |
| 2014-12-31 | ₩859.78 Billion ≈ $582.66 Million |
+7.57% |
| 2013-12-31 | ₩799.24 Billion ≈ $541.64 Million |
+9.81% |
| 2012-12-31 | ₩727.81 Billion ≈ $493.23 Million |
+9.26% |
| 2011-12-31 | ₩666.11 Billion ≈ $451.41 Million |
+56.60% |
| 2010-12-31 | ₩425.36 Billion ≈ $288.26 Million |
+11.34% |
| 2009-12-31 | ₩382.03 Billion ≈ $258.90 Million |
+7.31% |
| 2008-12-31 | ₩355.99 Billion ≈ $241.25 Million |
+5.87% |
| 2007-12-31 | ₩336.24 Billion ≈ $227.87 Million |
+15.77% |
| 2006-12-31 | ₩290.45 Billion ≈ $196.83 Million |
+10.80% |
| 2005-12-31 | ₩262.13 Billion ≈ $177.64 Million |
+19.68% |
| 2004-12-31 | ₩219.03 Billion ≈ $148.43 Million |
+17.20% |
| 2003-12-31 | ₩186.88 Billion ≈ $126.65 Million |
+8.58% |
| 2002-12-31 | ₩172.11 Billion ≈ $116.64 Million |
-18.51% |
| 2001-12-31 | ₩211.20 Billion ≈ $143.13 Million |
+5.40% |
| 2000-12-31 | ₩200.37 Billion ≈ $135.79 Million |
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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.
Seoul City Gas Net Assets Breakdown (December 2024)
Seoul City Gas net assets breakdown by equity component as of 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 |
|---|---|
|
enCore Energy Corp. Common Shares
NASDAQ:EU
|
$137.80 Million |
|
SMARTER WEB CO.PLC LS-001
F:3M8
|
$137.81 Million |
|
ALM Equity AB Pfd.
ST:ALM-PREF
|
$137.82 Million |
|
Sarfati
TA:SRFT
|
$137.85 Million |
|
KG Eco Technology Services Co. Ltd
KQ:151860
|
$137.76 Million |
|
Amulaire Thermal Technology
TW:2241
|
$137.75 Million |
|
THETA GOLD MNS LTD
F:3LM
|
$137.73 Million |
|
Ceres Global Ag Corp
TO:CRP
|
$137.69 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: 0.19x
- 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 | ₩51700.00 | x |
| 2018-12-31 | ₩242937.79 | ₩51700.00 | x |
| 2019-12-31 | ₩248169.26 | ₩51700.00 | x |
| 2020-12-31 | ₩265409.39 | ₩51700.00 | x |
| 2021-12-31 | ₩266539.46 | ₩51700.00 | x |
| 2022-12-31 | ₩270188.21 | ₩51700.00 | x |
| 2023-12-31 | ₩273495.24 | ₩51700.00 | x |
| 2024-12-31 | ₩278336.77 | ₩51700.00 | 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: $681,382,328,839
- Average return on equity (ROE) among peers: 6.47%
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 | $137.79 Million |
| Samchully (004690) | $1.16 Trillion | 3.41% | 1.38x | $273.81 Million |
| Taekyung Chem (006890) | $163.78 Billion | 7.70% | 0.13x | $32.57 Million |
| Kyungdong Gas (012320) | $397.87 Billion | 6.86% | 0.49x | $61.76 Million |
| Yesco Holdings Co. Ltd (015360) | $569.39 Billion | 3.22% | 1.49x | $208.17 Million |
| Daesung Holdin (016710) | $474.97 Billion | 5.57% | 1.23x | $73.16 Million |
| Incheon City G (034590) | $191.67 Billion | 5.94% | 0.77x | $71.51 Million |
| Korea Gas Corporation (036460) | $2.83 Trillion | 10.39% | 2.30x | $2.20 Billion |
| GSE Co. Ltd (053050) | $55.04 Billion | 10.28% | 1.46x | $36.13 Million |
| Daesung Energy (117580) | $285.19 Billion | 4.81% | 1.20x | $127.72 Million |
About 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.