Hanon Systems
Hanon Systems provides thermal and energy management solutions to automotive market in Korea, Europe, Asia, and the United States. The company offers heating, ventilation, and air conditioning (HVAC) solutions; and radiators, cooling fans and shrouds, charge air coolers, exhaust gas recirculation systems, electronic coolant pumps and valves, electronic throttle body controls, electronic wastegate… Read more
Hanon Systems (018880) - Net Assets
Latest net assets as of September 2025: ₩3.06 Trillion KRW
Based on the latest financial reports, Hanon Systems (018880) has net assets worth ₩3.06 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 (₩10.56 Trillion) and total liabilities (₩7.51 Trillion). 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 | ₩3.06 Trillion |
| % of Total Assets | 28.93% |
| Annual Growth Rate | 11.06% |
| 5-Year Change | 33.91% |
| 10-Year Change | 66.65% |
| Growth Volatility | 8.63 |
Hanon Systems - Net Assets Trend (2000–2024)
This chart illustrates how Hanon Systems's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hanon Systems (2000–2024)
The table below shows the annual net assets of Hanon Systems from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩3.00 Trillion | +19.54% |
| 2023-12-31 | ₩2.51 Trillion | +5.85% |
| 2022-12-31 | ₩2.37 Trillion | -4.31% |
| 2021-12-31 | ₩2.48 Trillion | +10.59% |
| 2020-12-31 | ₩2.24 Trillion | -4.20% |
| 2019-12-31 | ₩2.34 Trillion | +9.66% |
| 2018-12-31 | ₩2.13 Trillion | +4.93% |
| 2017-12-31 | ₩2.03 Trillion | +7.77% |
| 2016-12-31 | ₩1.88 Trillion | +4.75% |
| 2015-12-31 | ₩1.80 Trillion | +7.75% |
| 2014-12-31 | ₩1.67 Trillion | +8.38% |
| 2013-12-31 | ₩1.54 Trillion | +7.10% |
| 2012-12-31 | ₩1.44 Trillion | +12.13% |
| 2011-12-31 | ₩1.28 Trillion | +12.38% |
| 2010-12-31 | ₩1.14 Trillion | +13.46% |
| 2009-12-31 | ₩1.01 Trillion | +9.40% |
| 2008-12-31 | ₩919.72 Billion | +20.14% |
| 2007-12-31 | ₩765.57 Billion | +15.52% |
| 2006-12-31 | ₩662.72 Billion | +1.22% |
| 2005-12-31 | ₩654.76 Billion | +10.86% |
| 2004-12-31 | ₩590.60 Billion | +17.30% |
| 2003-12-31 | ₩503.48 Billion | +24.70% |
| 2002-12-31 | ₩403.77 Billion | +30.86% |
| 2001-12-31 | ₩308.54 Billion | +27.48% |
| 2000-12-31 | ₩242.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanon Systems'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 170152587634000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.70 Trillion | 59.63% |
| Other Components | ₩1.15 Trillion | 40.37% |
| Total Equity | ₩2.85 Trillion | 100.00% |
Hanon Systems Competitors by Market Cap
The table below lists competitors of Hanon Systems ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KoMiCo Ltd
KQ:183300
|
$445.06 Million |
|
CJ ENM CO. Ltd
KQ:035760
|
$445.25 Million |
|
Solareast Holdings Co Ltd
SHG:603366
|
$445.39 Million |
|
Sage Therapeutics Inc
NASDAQ:SAGE
|
$445.41 Million |
|
Citic Guoan Wine Co Ltd
SHG:600084
|
$445.00 Million |
|
Shenzhen Worldunion Properties Consultancy Inc
SHE:002285
|
$444.90 Million |
|
Comture Corporation
PINK:CMTUF
|
$444.88 Million |
|
Compass Pathways Plc
NASDAQ:CMPS
|
$444.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanon Systems's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,371,695,429,060 to 2,853,472,095,500, a change of 481,776,666,440 (20.3%).
- Net loss of 363,255,550,780 reduced equity.
- Dividend payments of 46,368,959,910 reduced retained earnings.
- New share issuances of 598,521,411,800 increased equity.
- Other factors increased equity by 292,879,765,330.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-363.26 Billion | -12.73% |
| Dividends Paid | ₩46.37 Billion | -1.63% |
| Share Issuances | ₩598.52 Billion | +20.98% |
| Other Changes | ₩292.88 Billion | +10.26% |
| Total Change | ₩- | 20.31% |
Book Value vs Market Value Analysis
This analysis compares Hanon Systems'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: 0.97x
- 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 1.10x to 0.97x 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 | ₩3706.76 | ₩4095.00 | x |
| 2018-12-31 | ₩3815.53 | ₩4095.00 | x |
| 2019-12-31 | ₩4152.82 | ₩4095.00 | x |
| 2020-12-31 | ₩3967.65 | ₩4095.00 | x |
| 2021-12-31 | ₩4390.81 | ₩4095.00 | x |
| 2022-12-31 | ₩3935.29 | ₩4095.00 | x |
| 2023-12-31 | ₩4444.14 | ₩4095.00 | x |
| 2024-12-31 | ₩4204.75 | ₩4095.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanon Systems 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): -12.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.63%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 3.72x
- Recent ROE (-12.73%) is below the historical average (13.98%), 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 | 26.32% | 7.43% | 1.32x | 2.67x | ₩39.23 Billion |
| 2001 | 23.15% | 7.14% | 1.52x | 2.14x | ₩39.62 Billion |
| 2002 | 20.81% | 7.50% | 1.51x | 1.84x | ₩41.61 Billion |
| 2003 | 19.29% | 7.60% | 1.52x | 1.67x | ₩43.33 Billion |
| 2004 | 20.97% | 8.17% | 1.54x | 1.67x | ₩59.67 Billion |
| 2005 | 15.52% | 6.46% | 1.39x | 1.72x | ₩32.90 Billion |
| 2006 | 13.54% | 5.57% | 1.45x | 1.68x | ₩23.13 Billion |
| 2007 | 13.66% | 5.19% | 1.46x | 1.80x | ₩27.17 Billion |
| 2008 | 10.68% | 4.35% | 1.39x | 1.76x | ₩6.01 Billion |
| 2009 | 15.59% | 6.34% | 1.40x | 1.75x | ₩54.30 Billion |
| 2010 | 18.24% | 6.80% | 1.60x | 1.68x | ₩91.50 Billion |
| 2011 | 17.87% | 6.74% | 1.62x | 1.64x | ₩98.28 Billion |
| 2012 | 16.58% | 6.34% | 1.63x | 1.60x | ₩91.94 Billion |
| 2013 | 19.84% | 5.71% | 1.76x | 1.98x | ₩146.98 Billion |
| 2014 | 17.01% | 5.05% | 1.68x | 2.00x | ₩113.53 Billion |
| 2015 | 13.21% | 4.15% | 1.61x | 1.98x | ₩56.04 Billion |
| 2016 | 15.98% | 5.12% | 1.48x | 2.11x | ₩109.37 Billion |
| 2017 | 14.58% | 5.17% | 1.36x | 2.08x | ₩90.70 Billion |
| 2018 | 13.63% | 4.68% | 1.11x | 2.63x | ₩73.97 Billion |
| 2019 | 14.37% | 4.45% | 1.01x | 3.19x | ₩96.86 Billion |
| 2020 | 5.21% | 1.61% | 0.88x | 3.69x | ₩-101.37 Billion |
| 2021 | 13.17% | 4.20% | 0.89x | 3.51x | ₩74.19 Billion |
| 2022 | 0.91% | 0.24% | 0.95x | 4.07x | ₩-203.16 Billion |
| 2023 | 2.15% | 0.54% | 1.03x | 3.90x | ₩-186.18 Billion |
| 2024 | -12.73% | -3.63% | 0.94x | 3.72x | ₩-648.60 Billion |
Industry Comparison
This section compares Hanon Systems's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanon Systems (018880) | ₩3.06 Trillion | 26.32% | 2.46x | $445.05 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |