Mhethanol Co. Ltd.

KO:023150 Korea Beverages - Wineries & Distilleries
Market Cap
$18.95 Million
₩27.75 Billion KRW
Market Cap Rank
#28800 Global
#1941 in Korea
Share Price
₩4330.00
Change (1 day)
+0.81%
52-Week Range
₩3990.00 - ₩5520.00
All Time High
₩14717.15
Categories
Companies in Korea Beverages - Wineries & Distilleries
About

MH Ethanol Co.,Ltd. engages in the manufacture and sale of alcohol products in South Korea. The company was founded in 1978 and is headquartered in Changwon-si, South Korea.

Mhethanol Co. Ltd. (023150) - Net Assets

Latest net assets as of September 2025: ₩80.15 Billion KRW

Based on the latest financial reports, Mhethanol Co. Ltd. (023150) has net assets worth ₩80.15 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 (₩385.18 Billion) and total liabilities (₩305.03 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 ₩80.15 Billion
% of Total Assets 20.81%
Annual Growth Rate 4.48%
5-Year Change -4.13%
10-Year Change 33.2%
Growth Volatility 20.0

Mhethanol Co. Ltd. - Net Assets Trend (2007–2024)

This chart illustrates how Mhethanol Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Mhethanol Co. Ltd. (2007–2024)

The table below shows the annual net assets of Mhethanol Co. Ltd. from 2007 to 2024.

Year Net Assets Change
2024-12-31 ₩77.10 Billion -22.17%
2023-12-31 ₩99.07 Billion +3.85%
2022-12-31 ₩95.40 Billion +12.63%
2021-12-31 ₩84.70 Billion +5.32%
2020-12-31 ₩80.43 Billion +1.31%
2019-12-31 ₩79.39 Billion -13.32%
2018-12-31 ₩91.59 Billion -14.28%
2017-12-31 ₩106.84 Billion +68.03%
2016-12-31 ₩63.58 Billion +9.84%
2015-12-31 ₩57.88 Billion +9.65%
2014-12-31 ₩52.79 Billion +15.04%
2013-12-31 ₩45.89 Billion +15.64%
2012-12-31 ₩39.68 Billion -7.01%
2011-12-31 ₩42.67 Billion +0.23%
2010-12-31 ₩42.57 Billion -5.60%
2009-12-31 ₩45.10 Billion +30.93%
2008-12-31 ₩34.44 Billion -5.89%
2007-12-31 ₩36.60 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Mhethanol Co. Ltd.'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 217.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩69.51 Billion 107.81%
Total Equity ₩64.48 Billion 100.00%

Mhethanol Co. Ltd. Competitors by Market Cap

The table below lists competitors of Mhethanol Co. Ltd. ranked by their market capitalization.

Company Market Cap
Labrador Gold Corp
OTCQB:NKOSF
 		$9.40 Million
BD MULTI MEDIA PORT.EO 2
F:6VD
 		$9.40 Million
Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares
NASDAQ:ALCY
 		$9.41 Million
Iron Road Limited
PINK:IRNRF
 		$9.41 Million
PPK Group Ltd
AU:PPK
 		$9.39 Million
Sun-Sea Construction
TWO:5516
 		$9.39 Million
The Artisanal Spirits Company plc
F:045
 		$9.39 Million
German High Street Properties A/S Class B
CO:GERHSP
 		$9.39 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mhethanol Co. Ltd.'s equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 69,800,087,930 to 64,475,108,490, a change of -5,324,979,440 (-7.6%).
  • Net loss of 3,110,245,160 reduced equity.
  • Dividend payments of 1,627,131,500 reduced retained earnings.
  • Share repurchases of 610,078,320 reduced equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩-3.11 Billion -4.82%
Dividends Paid ₩1.63 Billion -2.52%
Share Repurchases ₩610.08 Million -0.95%
Other Changes ₩22.48 Million +0.03%
Total Change ₩- -7.63%

Book Value vs Market Value Analysis

This analysis compares Mhethanol Co. Ltd.'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: 0.43x
  • 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 0.83x to 0.43x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2007-12-31 ₩5233.44 ₩4330.00 x
2008-12-31 ₩4917.93 ₩4330.00 x
2009-12-31 ₩6437.21 ₩4330.00 x
2010-12-31 ₩6096.44 ₩4330.00 x
2011-12-31 ₩5994.40 ₩4330.00 x
2012-12-31 ₩5589.42 ₩4330.00 x
2013-12-31 ₩6513.77 ₩4330.00 x
2014-12-31 ₩7141.77 ₩4330.00 x
2015-12-31 ₩7912.30 ₩4330.00 x
2016-12-31 ₩8814.60 ₩4330.00 x
2017-12-31 ₩9199.20 ₩4330.00 x
2018-12-31 ₩9076.14 ₩4330.00 x
2019-12-31 ₩8641.66 ₩4330.00 x
2020-12-31 ₩9432.19 ₩4330.00 x
2021-12-31 ₩9652.42 ₩4330.00 x
2022-12-31 ₩10227.42 ₩4330.00 x
2023-12-31 ₩10724.41 ₩4330.00 x
2024-12-31 ₩10060.83 ₩4330.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mhethanol Co. Ltd. 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): -4.82%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -3.10%
  • • Asset Turnover: 0.25x
  • • Equity Multiplier: 6.23x
  • Recent ROE (-4.82%) is below the historical average (3.28%), 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 9.48% 8.64% 0.64x 1.72x ₩-191.22 Million
2008 -18.77% -13.10% 0.44x 3.27x ₩-9.91 Billion
2009 2.92% 2.04% 0.49x 2.92x ₩-3.19 Billion
2010 -2.84% -2.23% 0.42x 3.01x ₩-5.46 Billion
2011 -10.19% -9.55% 0.33x 3.20x ₩-8.47 Billion
2012 1.05% 0.69% 0.44x 3.43x ₩-3.50 Billion
2013 15.62% 11.50% 0.48x 2.83x ₩2.58 Billion
2014 -0.36% -0.38% 0.57x 1.62x ₩-5.47 Billion
2015 13.44% 15.44% 0.64x 1.36x ₩1.99 Billion
2016 12.81% 16.66% 0.68x 1.14x ₩1.79 Billion
2017 10.24% 12.98% 0.10x 7.59x ₩158.34 Million
2018 -0.96% -0.82% 0.17x 7.07x ₩-6.82 Billion
2019 -13.15% -9.34% 0.18x 7.86x ₩-13.30 Billion
2020 6.20% 4.02% 0.21x 7.33x ₩-2.33 Billion
2021 13.83% 8.51% 0.23x 7.19x ₩2.41 Billion
2022 17.89% 10.75% 0.25x 6.72x ₩5.25 Billion
2023 6.69% 4.43% 0.24x 6.38x ₩-2.31 Billion
2024 -4.82% -3.10% 0.25x 6.23x ₩-9.56 Billion

Industry Comparison

This section compares Mhethanol Co. Ltd.'s net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.

Industry Context

  • Industry: Beverages - Wineries & Distilleries
  • Average net assets among peers: $446,266,081,732
  • Average return on equity (ROE) among peers: 7.33%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Mhethanol Co. Ltd. (023150) ₩80.15 Billion 9.48% 3.81x $9.40 Million
Hite Jinro (000080) $1.09 Trillion 6.56% 2.32x $363.76 Million
Bohae Brewery (000890) $125.07 Billion 6.23% 8.38x $30.42 Million
Changhae Ethanol Co. Ltd (004650) $130.90 Billion 9.93% 0.50x $32.47 Million
Muhak Co. Ltd (033920) $435.94 Billion 6.61% 0.28x $60.75 Million