Mhethanol Co. Ltd. (023150) - Net Assets
Based on the latest financial reports, Mhethanol Co. Ltd. (023150) has net assets worth ₩62.56 Billion KRW (≈ $42.40 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩261.17 Billion ≈ $176.99 Million USD) and total liabilities (₩198.60 Billion ≈ $134.59 Million 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 023150 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩62.56 Billion |
| % of Total Assets | 23.95% |
| Annual Growth Rate | 3.02% |
| 5-Year Change | -26.14% |
| 10-Year Change | -1.61% |
| Growth Volatility | 20.26 |
Mhethanol Co. Ltd. - Net Assets Trend (2007–2025)
This chart illustrates how Mhethanol Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. See 023150 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mhethanol Co. Ltd. (2007–2025)
The table below shows the annual net assets of Mhethanol Co. Ltd. from 2007 to 2025. For live valuation and market cap data, see Mhethanol Co. Ltd. (023150) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩62.56 Billion ≈ $42.40 Million |
-18.86% |
| 2024-12-31 | ₩77.10 Billion ≈ $52.25 Million |
-22.17% |
| 2023-12-31 | ₩99.07 Billion ≈ $67.14 Million |
+3.85% |
| 2022-12-31 | ₩95.40 Billion ≈ $64.65 Million |
+12.63% |
| 2021-12-31 | ₩84.70 Billion ≈ $57.40 Million |
+5.32% |
| 2020-12-31 | ₩80.43 Billion ≈ $54.50 Million |
+1.31% |
| 2019-12-31 | ₩79.39 Billion ≈ $53.80 Million |
-13.32% |
| 2018-12-31 | ₩91.59 Billion ≈ $62.07 Million |
-14.28% |
| 2017-12-31 | ₩106.84 Billion ≈ $72.40 Million |
+68.03% |
| 2016-12-31 | ₩63.58 Billion ≈ $43.09 Million |
+9.84% |
| 2015-12-31 | ₩57.88 Billion ≈ $39.23 Million |
+9.65% |
| 2014-12-31 | ₩52.79 Billion ≈ $35.77 Million |
+15.04% |
| 2013-12-31 | ₩45.89 Billion ≈ $31.10 Million |
+15.64% |
| 2012-12-31 | ₩39.68 Billion ≈ $26.89 Million |
-7.01% |
| 2011-12-31 | ₩42.67 Billion ≈ $28.92 Million |
+0.23% |
| 2010-12-31 | ₩42.57 Billion ≈ $28.85 Million |
-5.60% |
| 2009-12-31 | ₩45.10 Billion ≈ $30.56 Million |
+30.93% |
| 2008-12-31 | ₩34.44 Billion ≈ $23.34 Million |
-5.89% |
| 2007-12-31 | ₩36.60 Billion ≈ $24.80 Million |
-- |
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 197.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩65.27 Billion | 108.92% |
| Total Equity | ₩59.92 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 |
|---|---|
|
PlumbFast Co. Ltd
KQ:035200
|
$19.03 Million |
|
Prakit Holdings Public Company Limited
BK:PRAKIT
|
$19.03 Million |
|
FILL UP MEDIA EO -25
F:X3D
|
$19.05 Million |
|
Niraj Cement Structurals Limited
NSE:NIRAJ
|
$19.06 Million |
|
Tasman Resources Ltd
AU:TAS
|
$19.00 Million |
|
MIND CTI Ltd
NASDAQ:MNDO
|
$19.00 Million |
|
Magna Finance Tbk
JK:MGNA
|
$18.99 Million |
|
BIO UV Group
PA:ALTUV
|
$18.98 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 2024 to 2025, total equity changed from 64,475,108,490 to 59,921,644,100, a change of -4,553,464,390 (-7.1%).
- Net loss of 2,383,552,920 reduced equity.
- Dividend payments of 1,602,131,500 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.38 Billion | -3.98% |
| Dividends Paid | ₩1.60 Billion | -2.67% |
| Other Changes | ₩-567.78 Million | -0.95% |
| Total Change | ₩- | -7.06% |
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: 0.47x
- 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 0.84x to 0.47x 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 | ₩4380.00 | x |
| 2008-12-31 | ₩4917.93 | ₩4380.00 | x |
| 2009-12-31 | ₩6437.21 | ₩4380.00 | x |
| 2010-12-31 | ₩6096.44 | ₩4380.00 | x |
| 2011-12-31 | ₩5994.40 | ₩4380.00 | x |
| 2012-12-31 | ₩5589.42 | ₩4380.00 | x |
| 2013-12-31 | ₩6513.77 | ₩4380.00 | x |
| 2014-12-31 | ₩7141.77 | ₩4380.00 | x |
| 2015-12-31 | ₩7912.30 | ₩4380.00 | x |
| 2016-12-31 | ₩8814.60 | ₩4380.00 | x |
| 2017-12-31 | ₩9199.20 | ₩4380.00 | x |
| 2018-12-31 | ₩9076.14 | ₩4380.00 | x |
| 2019-12-31 | ₩8641.66 | ₩4380.00 | x |
| 2020-12-31 | ₩9432.19 | ₩4380.00 | x |
| 2021-12-31 | ₩9652.42 | ₩4380.00 | x |
| 2022-12-31 | ₩10227.42 | ₩4380.00 | x |
| 2023-12-31 | ₩10724.41 | ₩4380.00 | x |
| 2024-12-31 | ₩10060.83 | ₩4380.00 | x |
| 2025-12-31 | ₩9350.30 | ₩4380.00 | 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): -3.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.52%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 4.36x
- Recent ROE (-3.98%) is below the historical average (2.90%), 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 |
| 2025 | -3.98% | -2.52% | 0.36x | 4.36x | ₩-8.38 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: $606,655,052,410
- Average return on equity (ROE) among peers: 1.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mhethanol Co. Ltd. (023150) | ₩62.56 Billion | 9.48% | 3.17x | $19.02 Million |
| Hite Jinro (000080) | $1.16 Trillion | 1.91% | 1.95x | $744.83 Million |
| HiteJinro Co Ltd (000087) | $1.16 Trillion | 1.91% | 1.95x | $9.95 Million |
| Bohae Brewery (000890) | $73.36 Billion | 1.07% | 2.89x | $134.80 Million |
| Changhae Ethanol Co. Ltd (004650) | $110.41 Billion | 1.53% | 2.62x | $48.02 Million |
| Muhak Co. Ltd (033920) | $524.75 Billion | 2.52% | 0.14x | $140.91 Million |
About Mhethanol Co. Ltd.
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.