Muhak Co. Ltd
Muhak Co., Ltd. manufactures and sells liquors in South Korea. It offers diluted shochu products, fruit liquors, and liqueurs. The company was founded in 1929 and is headquartered in Changwon-si, South Korea.
Muhak Co. Ltd (033920) - Net Assets
Latest net assets as of September 2025: ₩602.01 Billion KRW
Based on the latest financial reports, Muhak Co. Ltd (033920) has net assets worth ₩602.01 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 (₩707.08 Billion) and total liabilities (₩105.07 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 | ₩602.01 Billion |
| % of Total Assets | 85.14% |
| Annual Growth Rate | 9.1% |
| 5-Year Change | 8.94% |
| 10-Year Change | 31.13% |
| Growth Volatility | 23.96 |
Muhak Co. Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Muhak 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 Muhak Co. Ltd (2006–2024)
The table below shows the annual net assets of Muhak Co. Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩571.65 Billion | +5.93% |
| 2023-12-31 | ₩539.64 Billion | +12.29% |
| 2022-12-31 | ₩480.56 Billion | -3.61% |
| 2021-12-31 | ₩498.54 Billion | -5.00% |
| 2020-12-31 | ₩524.75 Billion | +1.91% |
| 2019-12-31 | ₩514.90 Billion | +1.67% |
| 2018-12-31 | ₩506.44 Billion | -5.48% |
| 2017-12-31 | ₩535.79 Billion | +9.13% |
| 2016-12-31 | ₩490.95 Billion | +12.62% |
| 2015-12-31 | ₩435.94 Billion | +5.03% |
| 2014-12-31 | ₩415.07 Billion | +19.82% |
| 2013-12-31 | ₩346.42 Billion | +17.63% |
| 2012-12-31 | ₩294.50 Billion | +27.82% |
| 2011-12-31 | ₩230.41 Billion | +93.21% |
| 2006-12-31 | ₩119.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Muhak 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 477.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩565.39 Billion | 98.90% |
| Other Components | ₩6.26 Billion | 1.10% |
| Total Equity | ₩571.65 Billion | 100.00% |
Muhak Co. Ltd Competitors by Market Cap
The table below lists competitors of Muhak Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lizhi Inc
NASDAQ:SOGP
|
$59.32 Million |
|
Kyobo With Special Purpose Acq
KQ:205100
|
$59.35 Million |
|
Alithya Group Inc
NASDAQ:ALYAF
|
$59.40 Million |
|
Daedong Gear Co. Ltd
KQ:008830
|
$59.40 Million |
|
OSE IMMUNOTHERAPE.EO -20
F:6OP
|
$59.28 Million |
|
MEDEXUS PHARMACEUTIC.
F:P731
|
$59.28 Million |
|
Prosegur Compañía de Seguridad S.A
PINK:PGCSF
|
$59.27 Million |
|
Waldencast Acquisition Corp
NASDAQ:WALD
|
$59.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Muhak Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 539,638,320,500 to 571,647,855,550, a change of 32,009,535,050 (5.9%).
- Net income of 48,421,929,360 contributed positively to equity growth.
- Dividend payments of 16,421,858,160 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩48.42 Billion | +8.47% |
| Dividends Paid | ₩16.42 Billion | -2.87% |
| Other Changes | ₩9.46 Million | +0.0% |
| Total Change | ₩- | 5.93% |
Book Value vs Market Value Analysis
This analysis compares Muhak 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: 0.42x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩19008.43 | ₩8970.00 | x |
| 2018-12-31 | ₩17967.24 | ₩8970.00 | x |
| 2019-12-31 | ₩18597.35 | ₩8970.00 | x |
| 2020-12-31 | ₩19301.68 | ₩8970.00 | x |
| 2021-12-31 | ₩18822.17 | ₩8970.00 | x |
| 2022-12-31 | ₩18143.36 | ₩8970.00 | x |
| 2023-12-31 | ₩20373.81 | ₩8970.00 | x |
| 2024-12-31 | ₩21582.31 | ₩8970.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Muhak 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): 8.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.84%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.19x
- Recent ROE (8.47%) is above the historical average (8.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 12.46% | 12.98% | 0.65x | 1.48x | ₩2.84 Billion |
| 2011 | 17.97% | 20.45% | 0.62x | 1.41x | ₩18.37 Billion |
| 2012 | 11.71% | 15.81% | 0.58x | 1.28x | ₩5.03 Billion |
| 2013 | 15.87% | 22.89% | 0.54x | 1.27x | ₩20.32 Billion |
| 2014 | 19.97% | 28.56% | 0.54x | 1.29x | ₩41.37 Billion |
| 2015 | 6.61% | 9.74% | 0.53x | 1.28x | ₩-14.78 Billion |
| 2016 | 12.52% | 22.76% | 0.45x | 1.23x | ₩12.39 Billion |
| 2017 | 9.61% | 20.56% | 0.37x | 1.25x | ₩-2.07 Billion |
| 2018 | -4.00% | -10.46% | 0.31x | 1.22x | ₩-70.91 Billion |
| 2019 | 4.60% | 14.24% | 0.27x | 1.21x | ₩-27.79 Billion |
| 2020 | 2.52% | 9.51% | 0.23x | 1.14x | ₩-39.23 Billion |
| 2021 | -3.22% | -12.63% | 0.20x | 1.30x | ₩-65.89 Billion |
| 2022 | -2.75% | -8.64% | 0.25x | 1.26x | ₩-61.26 Billion |
| 2023 | 12.12% | 44.64% | 0.23x | 1.18x | ₩11.46 Billion |
| 2024 | 8.47% | 31.84% | 0.22x | 1.19x | ₩-8.74 Billion |
Industry Comparison
This section compares Muhak 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: $350,478,554,795
- Average return on equity (ROE) among peers: 5.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Muhak Co. Ltd (033920) | ₩602.01 Billion | 12.46% | 0.17x | $59.30 Million |
| Hite Jinro (000080) | $1.09 Trillion | 6.56% | 2.32x | $360.95 Million |
| Bohae Brewery (000890) | $125.07 Billion | 6.23% | 8.38x | $30.99 Million |
| Changhae Ethanol Co. Ltd (004650) | $130.90 Billion | 9.93% | 0.50x | $32.37 Million |
| Mhethanol Co. Ltd. (023150) | $52.79 Billion | -0.36% | 0.62x | $9.32 Million |