Seah Spe Steel
SeAH SPECIAL STEEL CO., LTD. manufactures and sells wire rods and steel bars in South Korea and internationally. The company offers cold heading quality wires used to manufacture fastening components, such as bolts, nuts, screws, and mechanical parts for the automotive, electronics, and construction industries; and cold drawn bars for manufacturing automobile and mechanical parts, office equipmen… Read more
Seah Spe Steel (019440) - Net Assets
Latest net assets as of September 2025: ₩350.74 Billion KRW
Based on the latest financial reports, Seah Spe Steel (019440) has net assets worth ₩350.74 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩682.31 Billion) and total liabilities (₩331.57 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 | ₩350.74 Billion |
| % of Total Assets | 51.4% |
| Annual Growth Rate | 3.96% |
| 5-Year Change | 9.22% |
| 10-Year Change | 19.63% |
| Growth Volatility | 4.95 |
Seah Spe Steel - Net Assets Trend (2011–2024)
This chart illustrates how Seah Spe Steel's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Seah Spe Steel (2011–2024)
The table below shows the annual net assets of Seah Spe Steel from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩343.81 Billion | +1.86% |
| 2023-12-31 | ₩337.53 Billion | -3.57% |
| 2022-12-31 | ₩350.03 Billion | +2.84% |
| 2021-12-31 | ₩340.37 Billion | +8.13% |
| 2020-12-31 | ₩314.79 Billion | -3.85% |
| 2019-12-31 | ₩327.40 Billion | +0.71% |
| 2018-12-31 | ₩325.09 Billion | +1.18% |
| 2017-12-31 | ₩321.30 Billion | +5.05% |
| 2016-12-31 | ₩305.85 Billion | +6.43% |
| 2015-12-31 | ₩287.39 Billion | +4.59% |
| 2014-12-31 | ₩274.78 Billion | +12.59% |
| 2013-12-31 | ₩244.06 Billion | +12.79% |
| 2012-12-31 | ₩216.38 Billion | +4.33% |
| 2011-12-31 | ₩207.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seah Spe Steel'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 40900.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩246.31 Billion | 74.49% |
| Other Components | ₩84.34 Billion | 25.51% |
| Total Equity | ₩330.66 Billion | 100.00% |
Seah Spe Steel Competitors by Market Cap
The table below lists competitors of Seah Spe Steel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Hi-Tech Gears Limited
NSE:HITECHGEAR
|
$30.07 Million |
|
PPI Inc
KQ:062970
|
$30.08 Million |
|
Novatti Group Limited
PINK:NTTIF
|
$30.09 Million |
|
17 Education Technology Group Inc
NASDAQ:YQ
|
$30.10 Million |
|
Yufo Electronics Co Ltd
TWO:6194
|
$30.07 Million |
|
Franklin Wireless Corp
NASDAQ:FKWL
|
$30.05 Million |
|
Golden Eagle Energy Tbk
JK:SMMT
|
$30.05 Million |
|
SMG European Recovery SPAC SE
XETRA:RCVR
|
$30.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seah Spe Steel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 326,211,667,040 to 330,656,819,130, a change of 4,445,152,090 (1.4%).
- Net income of 10,967,344,150 contributed positively to equity growth.
- Dividend payments of 8,344,869,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩10.97 Billion | +3.32% |
| Dividends Paid | ₩8.34 Billion | -2.52% |
| Other Changes | ₩1.82 Billion | +0.55% |
| Total Change | ₩- | 1.36% |
Book Value vs Market Value Analysis
This analysis compares Seah Spe Steel'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: 0.48x
- 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 | ₩36994.95 | ₩18870.00 | x |
| 2018-12-31 | ₩37469.35 | ₩18870.00 | x |
| 2019-12-31 | ₩37702.14 | ₩18870.00 | x |
| 2020-12-31 | ₩36450.36 | ₩18870.00 | x |
| 2021-12-31 | ₩39390.91 | ₩18870.00 | x |
| 2022-12-31 | ₩40592.71 | ₩18870.00 | x |
| 2023-12-31 | ₩39091.29 | ₩18870.00 | x |
| 2024-12-31 | ₩39623.97 | ₩18870.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seah Spe Steel 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): 3.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.09%
- • Asset Turnover: 1.46x
- • Equity Multiplier: 2.09x
- Recent ROE (3.32%) is below the historical average (6.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 14.17% | 4.14% | 1.46x | 2.35x | ₩8.43 Billion |
| 2012 | 9.98% | 2.96% | 1.47x | 2.30x | ₩-43.83 Million |
| 2013 | 13.54% | 4.22% | 1.57x | 2.04x | ₩8.43 Billion |
| 2014 | 11.76% | 4.20% | 1.42x | 1.98x | ₩4.72 Billion |
| 2015 | 6.94% | 2.84% | 1.36x | 1.79x | ₩-8.55 Billion |
| 2016 | 7.98% | 3.53% | 1.29x | 1.75x | ₩-5.96 Billion |
| 2017 | 7.61% | 3.25% | 1.38x | 1.69x | ₩-7.46 Billion |
| 2018 | 3.54% | 1.54% | 1.45x | 1.59x | ₩-20.38 Billion |
| 2019 | 3.46% | 1.53% | 1.25x | 1.81x | ₩-20.75 Billion |
| 2020 | -1.45% | -0.67% | 1.19x | 1.81x | ₩-34.87 Billion |
| 2021 | 7.95% | 2.92% | 1.38x | 1.98x | ₩-6.75 Billion |
| 2022 | 5.38% | 1.70% | 1.56x | 2.04x | ₩-15.64 Billion |
| 2023 | -0.83% | -0.26% | 1.48x | 2.13x | ₩-35.34 Billion |
| 2024 | 3.32% | 1.09% | 1.46x | 2.09x | ₩-22.10 Billion |
Industry Comparison
This section compares Seah Spe Steel's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $961,724,627,619
- Average return on equity (ROE) among peers: 4.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seah Spe Steel (019440) | ₩350.74 Billion | 14.17% | 0.95x | $30.07 Million |
| Korea Cast Pip (000970) | $208.70 Billion | 2.82% | 0.40x | $54.93 Million |
| Manho Rope&Wir (001080) | $249.99 Billion | 1.17% | 0.10x | $6.38 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $2.03 Trillion | -14.66% | 1.82x | $74.34 Million |
| SeAH Bestee (001430) | $2.04 Trillion | 6.29% | 0.80x | $634.28 Million |
| Hanil Iron & S (002220) | $132.60 Billion | 0.00% | 0.47x | $27.57 Million |
| Kis Wire (002240) | $452.09 Billion | 8.63% | 0.53x | $130.32 Million |
| Dong Il Steel MFG Co Ltd (002690) | $129.80 Billion | 0.23% | 0.14x | $7.05 Million |
| Tcc Steel (002710) | $141.62 Billion | 5.11% | 1.26x | $167.65 Million |
| Seah Steel Corp (003030) | $601.59 Billion | 19.65% | 1.47x | $168.76 Million |
| Hyundai Steel (004020) | $3.63 Trillion | 12.98% | 1.05x | $2.03 Billion |