Pan Ocean Co Ltd Net Assets
Pan Ocean Co Ltd net assets. Based on the latest financial reports, Pan Ocean Co Ltd (028670) has net assets worth ₩6.32 Trillion KRW (≈ $4.28 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩12.84 Trillion ≈ $8.70 Billion USD) and total liabilities (₩6.52 Trillion ≈ $4.42 Billion 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. Also explore how fast is Pan Ocean Co Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩6.32 Trillion |
| % of Total Assets | 49.24% |
| Annual Growth Rate | 6.7% |
| 5-Year Change | 59.13% |
| 10-Year Change | 123.06% |
| Growth Volatility | 28302.02 |
Net Assets of Pan Ocean Co Ltd (2007–2025)
Net assets of Pan Ocean Co Ltd from 2007 to 2025. This chart illustrates how Pan Ocean Co Ltd's net assets have evolved over time, based on quarterly financial data. See Pan Ocean Co Ltd balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Pan Ocean Co Ltd (2007–2025)
The table below shows the annual net assets of Pan Ocean Co Ltd from 2007 to 2025. For live market cap and overall valuation, see market cap of Pan Ocean Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩5.72 Trillion ≈ $3.88 Billion |
+1.24% |
| 2024-12-31 | ₩5.65 Trillion ≈ $3.83 Billion |
+19.94% |
| 2023-12-31 | ₩4.71 Trillion ≈ $3.19 Billion |
+4.91% |
| 2022-12-31 | ₩4.49 Trillion ≈ $3.04 Billion |
+24.90% |
| 2021-12-31 | ₩3.60 Trillion ≈ $2.44 Billion |
+28.15% |
| 2020-12-31 | ₩2.81 Trillion ≈ $1.90 Billion |
-3.20% |
| 2019-12-31 | ₩2.90 Trillion ≈ $1.96 Billion |
+8.99% |
| 2018-12-31 | ₩2.66 Trillion ≈ $1.80 Billion |
+10.40% |
| 2017-12-31 | ₩2.41 Trillion ≈ $1.63 Billion |
-6.08% |
| 2016-12-31 | ₩2.57 Trillion ≈ $1.74 Billion |
+123579.33% |
| 2015-12-31 | ₩2.07 Billion ≈ $1.41 Million |
-99.85% |
| 2014-12-31 | ₩1.42 Trillion ≈ $964.06 Million |
+490.49% |
| 2013-12-31 | ₩240.91 Billion ≈ $163.26 Million |
-86.46% |
| 2012-12-31 | ₩1.78 Trillion ≈ $1.21 Billion |
-26.76% |
| 2011-12-31 | ₩2.43 Trillion ≈ $1.65 Billion |
-0.27% |
| 2010-12-31 | ₩2.44 Trillion ≈ $1.65 Billion |
-0.06% |
| 2009-12-31 | ₩2.44 Trillion ≈ $1.65 Billion |
-7.97% |
| 2008-12-31 | ₩2.65 Trillion ≈ $1.79 Billion |
+48.77% |
| 2007-12-31 | ₩1.78 Trillion ≈ $1.21 Billion |
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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 209679400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Pan Ocean Co Ltd Net Assets Breakdown (December 2025)
Pan Ocean Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩2.10 Trillion | 36.63% |
| Other Components | ₩3.63 Trillion | 63.37% |
| Total Equity | ₩5.72 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 |
|---|---|
|
Vale Indonesia Tbk
JK:INCO
|
$2.11 Billion |
|
Allied Blenders & Distillers Ltd
NSE:ABDL
|
$2.11 Billion |
|
Shandong Publishing & Media
SHG:601019
|
$2.11 Billion |
|
Shandong Linglong Tyre Co Ltd
SHG:601966
|
$2.11 Billion |
|
Gujarat Gas Limited
NSE:GUJGASLTD
|
$2.11 Billion |
|
Oesterr. Post AG
VI:POST
|
$2.11 Billion |
|
SHARP CORP. ADR/1 O.N.
F:SRPB
|
$2.11 Billion |
|
Kardex
SW:KARN
|
$2.11 Billion |
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 2024 to 2025, total equity changed from 5,653,383,000,000 to 5,723,482,000,000, a change of 70,099,000,000 (1.2%).
- Net income of 301,407,000,000 contributed positively to equity growth.
- Dividend payments of 64,139,000,000 reduced retained earnings.
- Other factors decreased equity by 167,169,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩301.41 Billion | +5.27% |
| Dividends Paid | ₩64.14 Billion | -1.12% |
| Other Changes | ₩-167.17 Billion | -2.92% |
| Total Change | ₩- | 1.24% |
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: 0.54x
- 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 1.30x to 0.54x 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 | ₩5830.00 | x |
| 2018-12-31 | ₩4945.64 | ₩5830.00 | x |
| 2019-12-31 | ₩5399.53 | ₩5830.00 | x |
| 2020-12-31 | ₩5250.30 | ₩5830.00 | x |
| 2021-12-31 | ₩6728.47 | ₩5830.00 | x |
| 2022-12-31 | ₩8404.15 | ₩5830.00 | x |
| 2023-12-31 | ₩8817.10 | ₩5830.00 | x |
| 2024-12-31 | ₩10575.58 | ₩5830.00 | x |
| 2025-12-31 | ₩10706.71 | ₩5830.00 | 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): 5.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.55%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.90x
- Recent ROE (5.27%) is below the historical average (10.81%), 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 |
| 2025 | 5.27% | 5.55% | 0.50x | 1.90x | ₩-270.94 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: $1,081,860,530,211
- Average return on equity (ROE) among peers: 8.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pan Ocean Co Ltd (028670) | ₩6.32 Trillion | 24.05% | 1.03x | $2.11 Billion |
| Eusu Holdings (000700) | $2.42 Trillion | 6.36% | 1.75x | $104.12 Million |
| Heung-A Shipping Co. Ltd. (003280) | $192.49 Billion | -8.92% | 3.98x | $277.47 Million |
| Korea Line (005880) | $1.17 Trillion | 31.46% | 1.40x | $418.63 Million |
| Hyundai Mipo Dockyard (010620) | $2.37 Trillion | -0.82% | 0.52x | $6.03 Billion |
| HMM Co Ltd (011200) | $1.10 Trillion | 0.00% | 7.20x | $14.93 Billion |
| Kss Line (044450) | $160.75 Billion | 16.41% | 1.11x | $181.77 Million |
| Sejin Heavy Industries Co Ltd (075580) | $170.24 Billion | 11.64% | 2.06x | $271.22 Million |
About 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