Pan Ocean Co Ltd
Pan Ocean Co., Ltd., together with its subsidiaries, provides marine transportation and other related services worldwide. The company offers break bulk liner services for steel, coal, wood, equipment, and machinery cargoes; tramper services for dry bulk cargo shipping, such as iron ore, coal, grain, sugar, logs, minerals, fertilizers, and scrap metal; and large bulker services for transporting dr… Read more
Pan Ocean Co Ltd (028670) - Net Assets
Latest net assets as of September 2025: ₩5.55 Trillion KRW
Based on the latest financial reports, Pan Ocean Co Ltd (028670) has net assets worth ₩5.55 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩10.56 Trillion) and total liabilities (₩5.01 Trillion). 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 | ₩5.55 Trillion |
| % of Total Assets | 52.52% |
| Annual Growth Rate | 7.03% |
| 5-Year Change | 101.43% |
| 10-Year Change | 272403.8% |
| Growth Volatility | 29071.78 |
Pan Ocean Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Pan Ocean 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 Pan Ocean Co Ltd (2007–2024)
The table below shows the annual net assets of Pan Ocean Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩5.65 Trillion | +19.94% |
| 2023-12-31 | ₩4.71 Trillion | +4.91% |
| 2022-12-31 | ₩4.49 Trillion | +24.90% |
| 2021-12-31 | ₩3.60 Trillion | +28.15% |
| 2020-12-31 | ₩2.81 Trillion | -3.20% |
| 2019-12-31 | ₩2.90 Trillion | +8.99% |
| 2018-12-31 | ₩2.66 Trillion | +10.40% |
| 2017-12-31 | ₩2.41 Trillion | -6.08% |
| 2016-12-31 | ₩2.57 Trillion | +123579.33% |
| 2015-12-31 | ₩2.07 Billion | -99.85% |
| 2014-12-31 | ₩1.42 Trillion | +490.49% |
| 2013-12-31 | ₩240.91 Billion | -86.46% |
| 2012-12-31 | ₩1.78 Trillion | -26.76% |
| 2011-12-31 | ₩2.43 Trillion | -0.27% |
| 2010-12-31 | ₩2.44 Trillion | -0.06% |
| 2009-12-31 | ₩2.44 Trillion | -7.97% |
| 2008-12-31 | ₩2.65 Trillion | +48.77% |
| 2007-12-31 | ₩1.78 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pan Ocean 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 185963600000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.86 Trillion | 32.89% |
| Other Components | ₩3.79 Trillion | 67.11% |
| Total Equity | ₩5.65 Trillion | 100.00% |
Pan Ocean Co Ltd Competitors by Market Cap
The table below lists competitors of Pan Ocean Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Com7 Public Company Limited
BK:COM7-R
|
$844.43 Million |
|
BrightView Holdings
NYSE:BV
|
$844.55 Million |
|
Five-Star Business Finance Limited
NSE:FIVESTAR
|
$844.71 Million |
|
Gold.com, Inc.
NASDAQ:GOLD
|
$844.82 Million |
|
Iradimed Co
NASDAQ:IRMD
|
$843.89 Million |
|
Insperity Inc
NYSE:NSP
|
$843.87 Million |
|
Nippon Gas Co., Ltd.
PINK:NPNGY
|
$843.73 Million |
|
INDOF.CBP SUK.MAKM.RP 50
F:48I
|
$843.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pan Ocean Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,713,351,000,000 to 5,653,383,000,000, a change of 940,032,000,000 (19.9%).
- Net income of 268,143,000,000 contributed positively to equity growth.
- Dividend payments of 45,434,000,000 reduced retained earnings.
- Other factors increased equity by 717,323,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩268.14 Billion | +4.74% |
| Dividends Paid | ₩45.43 Billion | -0.8% |
| Other Changes | ₩717.32 Billion | +12.69% |
| Total Change | ₩- | 19.94% |
Book Value vs Market Value Analysis
This analysis compares Pan Ocean 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: 0.49x
- 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 1.15x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩4469.33 | ₩5130.00 | x |
| 2018-12-31 | ₩4945.64 | ₩5130.00 | x |
| 2019-12-31 | ₩5399.53 | ₩5130.00 | x |
| 2020-12-31 | ₩5250.30 | ₩5130.00 | x |
| 2021-12-31 | ₩6728.47 | ₩5130.00 | x |
| 2022-12-31 | ₩8404.15 | ₩5130.00 | x |
| 2023-12-31 | ₩8817.10 | ₩5130.00 | x |
| 2024-12-31 | ₩10575.58 | ₩5130.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pan Ocean 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): 4.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.20%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.82x
- Recent ROE (4.74%) is below the historical average (11.18%), 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 | 24.05% | 8.13% | 1.76x | 1.68x | ₩250.01 Billion |
| 2008 | 19.75% | 5.45% | 2.12x | 1.71x | ₩258.22 Billion |
| 2010 | 3.23% | 1.21% | 1.08x | 2.47x | ₩-164.42 Billion |
| 2013 | -0.76% | -0.07% | 0.55x | 20.97x | ₩-25.03 Billion |
| 2014 | 55.31% | 47.77% | 0.36x | 3.21x | ₩644.02 Billion |
| 2015 | 1.66% | 2.12% | 0.44x | 1.79x | ₩-171.22 Million |
| 2016 | 3.85% | 5.22% | 0.43x | 1.70x | ₩-156.19 Billion |
| 2017 | 5.99% | 6.12% | 0.60x | 1.63x | ₩-95.85 Billion |
| 2018 | 5.76% | 5.71% | 0.65x | 1.56x | ₩-111.97 Billion |
| 2019 | 5.26% | 6.15% | 0.55x | 1.54x | ₩-136.76 Billion |
| 2020 | 3.30% | 3.71% | 0.54x | 1.66x | ₩-188.14 Billion |
| 2021 | 15.27% | 11.90% | 0.71x | 1.80x | ₩189.62 Billion |
| 2022 | 15.07% | 10.55% | 0.85x | 1.68x | ₩227.82 Billion |
| 2023 | 5.20% | 5.62% | 0.56x | 1.67x | ₩-226.29 Billion |
| 2024 | 4.74% | 5.20% | 0.50x | 1.82x | ₩-297.20 Billion |
Industry Comparison
This section compares Pan Ocean Co Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $795,780,526,476
- Average return on equity (ROE) among peers: 6.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pan Ocean Co Ltd (028670) | ₩5.55 Trillion | 24.05% | 0.90x | $843.96 Million |
| Eusu Holdings (000700) | $328.60 Billion | 1.24% | 0.59x | $40.44 Million |
| Heung-A Shipping Co. Ltd. (003280) | $234.04 Billion | 16.91% | 0.90x | $162.31 Million |
| Korea Line (005880) | $404.03 Billion | 95.01% | 2.03x | $267.14 Million |
| Hyundai Mipo Dockyard (010620) | $3.24 Trillion | -7.34% | 2.16x | $3.49 Billion |
| HMM Co Ltd (011200) | $1.04 Trillion | -76.06% | 2.96x | $4.30 Billion |
| Kss Line (044450) | $160.75 Billion | 16.41% | 1.11x | $91.07 Million |
| Sejin Heavy Industries Co Ltd (075580) | $162.33 Billion | 1.46% | 1.52x | $271.25 Million |