Hanon Systems (018880) - Net Assets
Based on the latest financial reports, Hanon Systems (018880) has net assets worth ₩4.12 Trillion KRW (≈ $2.79 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩10.89 Trillion ≈ $7.38 Billion USD) and total liabilities (₩6.77 Trillion ≈ $4.59 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. Also explore Hanon Systems balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩4.12 Trillion |
| % of Total Assets | 37.79% |
| Annual Growth Rate | 11.78% |
| 5-Year Change | 57.99% |
| 10-Year Change | 107.6% |
| Growth Volatility | 9.25 |
Hanon Systems - Net Assets Trend (2000–2025)
This chart illustrates how Hanon Systems's net assets have evolved over time, based on quarterly financial data. Check 018880 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Hanon Systems (2000–2025)
The table below shows the annual net assets of Hanon Systems from 2000 to 2025. For live valuation and market cap data, see market cap of Hanon Systems.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩3.91 Trillion ≈ $2.65 Billion |
+30.49% |
| 2024-12-31 | ₩3.00 Trillion ≈ $2.03 Billion |
+19.54% |
| 2023-12-31 | ₩2.51 Trillion ≈ $1.70 Billion |
+5.85% |
| 2022-12-31 | ₩2.37 Trillion ≈ $1.61 Billion |
-4.31% |
| 2021-12-31 | ₩2.48 Trillion ≈ $1.68 Billion |
+10.59% |
| 2020-12-31 | ₩2.24 Trillion ≈ $1.52 Billion |
-4.20% |
| 2019-12-31 | ₩2.34 Trillion ≈ $1.58 Billion |
+9.66% |
| 2018-12-31 | ₩2.13 Trillion ≈ $1.44 Billion |
+4.93% |
| 2017-12-31 | ₩2.03 Trillion ≈ $1.38 Billion |
+7.77% |
| 2016-12-31 | ₩1.88 Trillion ≈ $1.28 Billion |
+4.75% |
| 2015-12-31 | ₩1.80 Trillion ≈ $1.22 Billion |
+7.75% |
| 2014-12-31 | ₩1.67 Trillion ≈ $1.13 Billion |
+8.38% |
| 2013-12-31 | ₩1.54 Trillion ≈ $1.04 Billion |
+7.10% |
| 2012-12-31 | ₩1.44 Trillion ≈ $974.98 Million |
+12.13% |
| 2011-12-31 | ₩1.28 Trillion ≈ $869.52 Million |
+12.38% |
| 2010-12-31 | ₩1.14 Trillion ≈ $773.70 Million |
+13.46% |
| 2009-12-31 | ₩1.01 Trillion ≈ $681.89 Million |
+9.40% |
| 2008-12-31 | ₩919.72 Billion ≈ $623.28 Million |
+20.14% |
| 2007-12-31 | ₩765.57 Billion ≈ $518.82 Million |
+15.52% |
| 2006-12-31 | ₩662.72 Billion ≈ $449.12 Million |
+1.22% |
| 2005-12-31 | ₩654.76 Billion ≈ $443.72 Million |
+10.86% |
| 2004-12-31 | ₩590.60 Billion ≈ $400.24 Million |
+17.30% |
| 2003-12-31 | ₩503.48 Billion ≈ $341.20 Million |
+24.70% |
| 2002-12-31 | ₩403.77 Billion ≈ $273.63 Million |
+30.86% |
| 2001-12-31 | ₩308.54 Billion ≈ $209.09 Million |
+27.48% |
| 2000-12-31 | ₩242.04 Billion ≈ $164.03 Million |
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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 152068787573000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.52 Trillion | 40.36% |
| Other Components | ₩2.25 Trillion | 59.64% |
| Total Equity | ₩3.77 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 |
|---|---|
|
Slide Insurance Holdings, Inc. Common Stock
NASDAQ:SLDE
|
$2.30 Billion |
|
CSG Systems International Inc
NASDAQ:CSGS
|
$2.30 Billion |
|
SOC.BIC UNS.ADR1/2/EO382
F:BIF0
|
$2.30 Billion |
|
Indraprastha Gas Limited
NSE:IGL
|
$2.30 Billion |
|
Jiangsu Leili Motor Corp Ltd
SHE:300660
|
$2.30 Billion |
|
CA Immobilien Anlagen AG
VI:CAI
|
$2.30 Billion |
|
New Hope Dairy Co Ltd
SHE:002946
|
$2.30 Billion |
|
Malaysian Pacific Industries
KLSE:3867
|
$2.30 Billion |
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 2024 to 2025, total equity changed from 2,853,472,095,500 to 3,767,762,778,930, a change of 914,290,683,430 (32.0%).
- Net loss of 198,546,222,380 reduced equity.
- Dividend payments of 1,871,759,160 reduced retained earnings.
- New share issuances of 978,683,771,600 increased equity.
- Other factors increased equity by 136,024,893,370.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-198.55 Billion | -5.27% |
| Dividends Paid | ₩1.87 Billion | -0.05% |
| Share Issuances | ₩978.68 Billion | +25.98% |
| Other Changes | ₩136.02 Billion | +3.61% |
| Total Change | ₩- | 32.04% |
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: 0.90x
- 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 | ₩3706.76 | ₩3305.00 | x |
| 2018-12-31 | ₩3815.53 | ₩3305.00 | x |
| 2019-12-31 | ₩4152.82 | ₩3305.00 | x |
| 2020-12-31 | ₩3967.65 | ₩3305.00 | x |
| 2021-12-31 | ₩4390.81 | ₩3305.00 | x |
| 2022-12-31 | ₩3755.42 | ₩3305.00 | x |
| 2023-12-31 | ₩4444.14 | ₩3305.00 | x |
| 2024-12-31 | ₩4204.75 | ₩3305.00 | x |
| 2025-12-31 | ₩3671.81 | ₩3305.00 | 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): -5.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.82%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 2.78x
- Recent ROE (-5.27%) is below the historical average (13.24%), 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 |
| 2025 | -5.27% | -1.82% | 1.04x | 2.78x | ₩-575.32 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: $400,975,071,319
- Average return on equity (ROE) among peers: 8.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanon Systems (018880) | ₩4.12 Trillion | 26.32% | 1.65x | $2.30 Billion |
| Hankook Tire Worldwide (000240) | $962.98 Billion | 2.47% | 1.63x | $1.60 Billion |
| Daewonkangup (000430) | $558.75 Billion | 3.89% | 1.09x | $150.63 Million |
| SG Choongbang Co Ltd (001380) | $130.06 Billion | 0.58% | 0.57x | $40.16 Million |
| Tae Won Mulsan (001420) | $45.28 Billion | 38.58% | 0.18x | $12.92 Million |
| Dongkook Ind (001620) | $180.71 Billion | 11.80% | 1.69x | $158.01 Million |
| PS Tec. Co. Ltd (002230) | $61.73 Billion | 10.69% | 0.37x | $49.47 Million |
| Nexen Tire (002350) | $278.04 Billion | 0.00% | 2.59x | $402.74 Million |
| Nexen Tire Prf 1 (002355) | $1.43 Trillion | 7.25% | 1.27x | $16.47 Million |
| Dayou A-Tech (002880) | $74.92 Billion | 9.62% | 3.84x | $24.56 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $30.42 Million |
About Hanon Systems
Hanon Systems provides automotive thermal management solutions in Korea. The company offers heating, ventilation, and air conditioning technologies, such as omnifarious HVAC designs, high-efficiency blower scrolls, visible (VR) LED photocatalyst, co2 sensor, and fragrance system; compressors, including fixed swash plate, rotary suction, variable swash plate, and electric; and fluid transport prod… Read more