Mhethanol Co. Ltd. (023150) - Net Assets
Based on the latest financial reports, Mhethanol Co. Ltd. (023150) has net assets worth ₩80.15 Billion KRW (≈ $54.31 Million USD) 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 ≈ $261.03 Million USD) and total liabilities (₩305.03 Billion ≈ $206.72 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 Mhethanol Co. Ltd. asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore total assets of Mhethanol Co. Ltd. for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Mhethanol Co. Ltd. (023150) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 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 |
|---|---|
|
ZOONO Group Ltd
AU:ZNO
|
$19.54 Million |
|
Taiwan Thick-Film Ind
TWO:6246
|
$19.56 Million |
|
Karsu Tekstil Sanayi ve Ticaret AS
IS:KRTEK
|
$19.56 Million |
|
Shenzhen Wongtee International Enterprise Co Ltd
SHE:200056
|
$19.56 Million |
|
Starbreeze AB (publ)
ST:STAR-B
|
$19.52 Million |
|
Big Tree Cloud Holdings Limited Ordinary Shares
NASDAQ:DSY
|
$19.52 Million |
|
Oxford Instruments PLC
LSE:OXIG
|
$19.51 Million |
|
Cordoba Minerals Corp
V:CDB
|
$19.51 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: 0.45x
- 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 0.86x to 0.45x 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 | ₩4500.00 | x |
| 2008-12-31 | ₩4917.93 | ₩4500.00 | x |
| 2009-12-31 | ₩6437.21 | ₩4500.00 | x |
| 2010-12-31 | ₩6096.44 | ₩4500.00 | x |
| 2011-12-31 | ₩5994.40 | ₩4500.00 | x |
| 2012-12-31 | ₩5589.42 | ₩4500.00 | x |
| 2013-12-31 | ₩6513.77 | ₩4500.00 | x |
| 2014-12-31 | ₩7141.77 | ₩4500.00 | x |
| 2015-12-31 | ₩7912.30 | ₩4500.00 | x |
| 2016-12-31 | ₩8814.60 | ₩4500.00 | x |
| 2017-12-31 | ₩9199.20 | ₩4500.00 | x |
| 2018-12-31 | ₩9076.14 | ₩4500.00 | x |
| 2019-12-31 | ₩8641.66 | ₩4500.00 | x |
| 2020-12-31 | ₩9432.19 | ₩4500.00 | x |
| 2021-12-31 | ₩9652.42 | ₩4500.00 | x |
| 2022-12-31 | ₩10227.42 | ₩4500.00 | x |
| 2023-12-31 | ₩10724.41 | ₩4500.00 | x |
| 2024-12-31 | ₩10060.83 | ₩4500.00 | 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: $577,368,347,688
- Average return on equity (ROE) among peers: 1.39%
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 | $19.54 Million |
| Hite Jinro (000080) | $1.16 Trillion | 7.49% | 1.87x | $796.00 Million |
| HiteJinro Co Ltd (000087) | $1.03 Trillion | -4.10% | 2.17x | $10.79 Million |
| Bohae Brewery (000890) | $80.10 Billion | 6.25% | 1.62x | $39.20 Million |
| Changhae Ethanol Co. Ltd (004650) | $131.95 Billion | 0.06% | 0.48x | $54.09 Million |
| Muhak Co. Ltd (033920) | $480.56 Billion | -2.75% | 0.26x | $159.75 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.