E1 Corporation (017940) - Net Assets
Based on the latest financial reports, E1 Corporation (017940) has net assets worth ₩2.29 Trillion KRW (≈ $1.55 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩14.94 Trillion ≈ $10.12 Billion USD) and total liabilities (₩12.65 Trillion ≈ $8.57 Billion 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 E1 Corporation (017940) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩2.29 Trillion |
| % of Total Assets | 15.35% |
| Annual Growth Rate | 8.45% |
| 5-Year Change | 76.05% |
| 10-Year Change | 77.11% |
| Growth Volatility | 10.37 |
E1 Corporation - Net Assets Trend (2007–2024)
This chart illustrates how E1 Corporation's net assets have evolved over time, based on quarterly financial data. Also explore 017940 asset base for the complete picture of this company's asset base.
Annual Net Assets for E1 Corporation (2007–2024)
The table below shows the annual net assets of E1 Corporation from 2007 to 2024. For live valuation and market cap data, see 017940 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩2.19 Trillion ≈ $1.48 Billion |
+28.91% |
| 2023-12-31 | ₩1.70 Trillion ≈ $1.15 Billion |
+12.43% |
| 2022-12-31 | ₩1.51 Trillion ≈ $1.02 Billion |
+9.97% |
| 2021-12-31 | ₩1.37 Trillion ≈ $930.74 Million |
+10.45% |
| 2020-12-31 | ₩1.24 Trillion ≈ $842.68 Million |
+3.34% |
| 2019-12-31 | ₩1.20 Trillion ≈ $815.45 Million |
-8.56% |
| 2018-12-31 | ₩1.32 Trillion ≈ $891.77 Million |
+5.19% |
| 2017-12-31 | ₩1.25 Trillion ≈ $847.81 Million |
+5.73% |
| 2016-12-31 | ₩1.18 Trillion ≈ $801.86 Million |
-4.27% |
| 2015-12-31 | ₩1.24 Trillion ≈ $837.63 Million |
-0.86% |
| 2014-12-31 | ₩1.25 Trillion ≈ $844.92 Million |
+2.08% |
| 2013-12-31 | ₩1.22 Trillion ≈ $827.68 Million |
+1.76% |
| 2012-12-31 | ₩1.20 Trillion ≈ $813.33 Million |
+6.27% |
| 2011-12-31 | ₩1.13 Trillion ≈ $765.31 Million |
+18.65% |
| 2010-12-31 | ₩951.81 Billion ≈ $645.03 Million |
+16.63% |
| 2009-12-31 | ₩816.13 Billion ≈ $553.08 Million |
+31.53% |
| 2008-12-31 | ₩620.49 Billion ≈ $420.49 Million |
+12.58% |
| 2007-12-31 | ₩551.15 Billion ≈ $373.50 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to E1 Corporation'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 165069028706000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.65 Trillion | 99.25% |
| Other Components | ₩12.40 Billion | 0.75% |
| Total Equity | ₩1.66 Trillion | 100.00% |
E1 Corporation Competitors by Market Cap
The table below lists competitors of E1 Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chongqing Machinery & Electric Co. Ltd
F:CE3
|
$424.46 Million |
|
Asia Aviation Public Company Limited
BK:AAV
|
$424.56 Million |
|
First Copper Technology Co Ltd
TW:2009
|
$424.88 Million |
|
Orient Electric Limited
NSE:ORIENTELEC
|
$424.94 Million |
|
PRA Group Inc
NASDAQ:PRAA
|
$424.34 Million |
|
Morguard North American Residential Real Estate Investment Trust
TO:MRG-UN
|
$424.29 Million |
|
PDS Limited
NSE:PDSL
|
$424.26 Million |
|
PTG Energy PCL
BK:PTG
|
$424.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in E1 Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,624,345,042,700 to 1,663,093,599,560, a change of 38,748,556,860 (2.4%).
- Net income of 62,864,926,380 contributed positively to equity growth.
- Dividend payments of 38,905,032,720 reduced retained earnings.
- Share repurchases of 63,774,160,640 reduced equity.
- New share issuances of 40,580,961,920 increased equity.
- Other factors increased equity by 37,981,861,920.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩62.86 Billion | +3.78% |
| Dividends Paid | ₩38.91 Billion | -2.34% |
| Share Repurchases | ₩63.77 Billion | -3.83% |
| Share Issuances | ₩40.58 Billion | +2.44% |
| Other Changes | ₩37.98 Billion | +2.28% |
| Total Change | ₩- | 2.39% |
Book Value vs Market Value Analysis
This analysis compares E1 Corporation'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: 0.38x
- 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 0.53x to 0.38x 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 | ₩203111.92 | ₩108300.00 | x |
| 2018-12-31 | ₩214141.53 | ₩108300.00 | x |
| 2019-12-31 | ₩197299.35 | ₩108300.00 | x |
| 2020-12-31 | ₩201083.00 | ₩108300.00 | x |
| 2021-12-31 | ₩226210.24 | ₩108300.00 | x |
| 2022-12-31 | ₩249560.37 | ₩108300.00 | x |
| 2023-12-31 | ₩280943.44 | ₩108300.00 | x |
| 2024-12-31 | ₩287645.32 | ₩108300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently E1 Corporation 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): 3.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.56%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 8.74x
- Recent ROE (3.78%) is below the historical average (5.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 12.61% | 2.27% | 1.53x | 3.63x | ₩13.40 Billion |
| 2008 | 9.62% | 1.06% | 2.48x | 3.67x | ₩-2.13 Billion |
| 2010 | 6.93% | 0.95% | 2.00x | 3.66x | ₩-24.35 Billion |
| 2011 | 6.51% | 0.92% | 2.16x | 3.30x | ₩-34.64 Billion |
| 2012 | 8.21% | 1.18% | 2.11x | 3.31x | ₩-18.99 Billion |
| 2013 | 3.37% | 0.52% | 1.99x | 3.27x | ₩-73.51 Billion |
| 2014 | 3.60% | 0.59% | 1.89x | 3.21x | ₩-73.08 Billion |
| 2015 | 0.87% | 0.22% | 1.31x | 3.05x | ₩-105.07 Billion |
| 2016 | -2.39% | -0.66% | 1.13x | 3.20x | ₩-137.43 Billion |
| 2017 | 7.19% | 1.91% | 1.27x | 2.95x | ₩-33.02 Billion |
| 2018 | 6.31% | 1.69% | 1.30x | 2.88x | ₩-45.72 Billion |
| 2019 | -3.78% | -0.94% | 1.28x | 3.15x | ₩-157.24 Billion |
| 2020 | 5.09% | 1.53% | 1.05x | 3.15x | ₩-58.19 Billion |
| 2021 | 10.07% | 2.56% | 1.29x | 3.06x | ₩969.10 Million |
| 2022 | 9.83% | 1.78% | 1.84x | 3.01x | ₩-2.43 Billion |
| 2023 | 13.12% | 2.72% | 1.70x | 2.83x | ₩50.75 Billion |
| 2024 | 3.78% | 0.56% | 0.77x | 8.74x | ₩-103.44 Billion |
Industry Comparison
This section compares E1 Corporation's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $4,093,053,977,640
- Average return on equity (ROE) among peers: 10.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| E1 Corporation (017940) | ₩2.29 Trillion | 12.61% | 5.52x | $424.34 Million |
| Hankook Shell Oil (002960) | $90.58 Billion | 29.72% | 0.27x | $448.42 Million |
| Mi Chang Oil (003650) | $277.13 Billion | 7.10% | 0.13x | $128.27 Million |
| SK Discovery Co Ltd (006120) | $763.89 Billion | 7.56% | 3.09x | $648.37 Million |
| SK Discovery Co Ltd (006125) | $5.95 Trillion | 7.18% | 0.98x | $35.81 Million |
| S-Oil Corp (010950) | $4.55 Trillion | 14.99% | 1.21x | $10.26 Billion |
| S-Oil Corp Pref (010955) | $6.50 Trillion | 1.01% | 1.51x | $159.69 Million |
| The LEADCORP Inc (012700) | $255.02 Billion | 16.01% | 2.06x | $66.09 Million |
| Sk Gas (018670) | $1.41 Trillion | 6.93% | 1.37x | $1.76 Billion |
| SK Innovation (096770) | $17.05 Trillion | 4.72% | 0.84x | $16.45 Billion |
About E1 Corporation
E1 Corporation imports, stores, trades, and sells liquefied petroleum gas (LPG) in South Korea. The company transports LPG from oil-producing countries; and stores and manages LPG at Yeosu, Daesan, and Incheon terminals. It is also involved in the solar and wind power business; hydrogen charging business; electric vehicle charging business; investment activities; and digital technology and data-b… Read more