Muhak Co. Ltd Net Assets
Muhak Co. Ltd net assets. Based on the latest financial reports, Muhak Co. Ltd (033920) has net assets worth ₩622.19 Billion KRW (≈ $421.65 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩782.51 Billion ≈ $530.29 Million USD) and total liabilities (₩160.31 Billion ≈ $108.64 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. Also explore 033920 net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩622.19 Billion |
| % of Total Assets | 79.51% |
| Annual Growth Rate | 9.0% |
| 5-Year Change | 23.04% |
| 10-Year Change | 24.94% |
| Growth Volatility | 23.2 |
Net Assets of Muhak Co. Ltd (2006–2025)
Net assets of Muhak Co. Ltd from 2006 to 2025. This chart illustrates how Muhak Co. Ltd's net assets have evolved over time, based on quarterly financial data. See how leveraged is Muhak Co. Ltd's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Muhak Co. Ltd (2006–2025)
The table below shows the annual net assets of Muhak Co. Ltd from 2006 to 2025. For live market cap and overall valuation, see how much is Muhak Co. Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩613.40 Billion ≈ $415.69 Million |
+7.30% |
| 2024-12-31 | ₩571.65 Billion ≈ $387.40 Million |
+5.93% |
| 2023-12-31 | ₩539.64 Billion ≈ $365.71 Million |
+12.29% |
| 2022-12-31 | ₩480.56 Billion ≈ $325.67 Million |
-3.61% |
| 2021-12-31 | ₩498.54 Billion ≈ $337.85 Million |
-5.00% |
| 2020-12-31 | ₩524.75 Billion ≈ $355.62 Million |
+1.91% |
| 2019-12-31 | ₩514.90 Billion ≈ $348.94 Million |
+1.67% |
| 2018-12-31 | ₩506.44 Billion ≈ $343.21 Million |
-5.48% |
| 2017-12-31 | ₩535.79 Billion ≈ $363.10 Million |
+9.13% |
| 2016-12-31 | ₩490.95 Billion ≈ $332.71 Million |
+12.62% |
| 2015-12-31 | ₩435.94 Billion ≈ $295.43 Million |
+5.03% |
| 2014-12-31 | ₩415.07 Billion ≈ $281.28 Million |
+19.82% |
| 2013-12-31 | ₩346.42 Billion ≈ $234.76 Million |
+17.63% |
| 2012-12-31 | ₩294.50 Billion ≈ $199.58 Million |
+27.82% |
| 2011-12-31 | ₩230.41 Billion ≈ $156.14 Million |
+93.21% |
| 2006-12-31 | ₩119.25 Billion ≈ $80.82 Million |
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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 515.3% over the analyzed period, indicating profitable operations and earnings retention.
Muhak Co. Ltd Net Assets Breakdown (December 2025)
Muhak Co. Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩601.94 Billion | 98.13% |
| Other Components | ₩11.47 Billion | 1.87% |
| Total Equity | ₩613.40 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 |
|---|---|
|
Fountaine Pajo
PA:ALFPC
|
$135.52 Million |
|
Ajiya Bhd
KLSE:7609
|
$135.59 Million |
|
Biomm S.A
SA:BIOM3
|
$135.60 Million |
|
Lindsell Train Investment Trust Plc
LSE:LTI
|
$135.60 Million |
|
Suheung Capsul
KO:008490
|
$135.48 Million |
|
Basso Industry Corp
TW:1527
|
$135.34 Million |
|
YESASIA HOLDINGS LTD
F:4CM
|
$135.32 Million |
|
Nynomic AG
F:M7U
|
$135.32 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 2024 to 2025, total equity changed from 571,647,855,550 to 613,401,250,870, a change of 41,753,395,320 (7.3%).
- Net income of 50,321,647,540 contributed positively to equity growth.
- Dividend payments of 13,773,171,360 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩50.32 Billion | +8.2% |
| Dividends Paid | ₩13.77 Billion | -2.25% |
| Other Changes | ₩5.20 Billion | +0.85% |
| Total Change | ₩- | 7.30% |
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: 0.33x
- 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 | ₩7290.00 | x |
| 2018-12-31 | ₩17967.24 | ₩7290.00 | x |
| 2019-12-31 | ₩18597.35 | ₩7290.00 | x |
| 2020-12-31 | ₩19301.68 | ₩7290.00 | x |
| 2021-12-31 | ₩18822.17 | ₩7290.00 | x |
| 2022-12-31 | ₩18143.36 | ₩7290.00 | x |
| 2023-12-31 | ₩20373.81 | ₩7290.00 | x |
| 2024-12-31 | ₩21582.31 | ₩7290.00 | x |
| 2025-12-31 | ₩22364.93 | ₩7290.00 | 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): 8.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.99%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.17x
- Recent ROE (8.20%) is below the historical average (8.29%), suggesting potential challenges in 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 |
| 2025 | 8.20% | 34.99% | 0.20x | 1.17x | ₩-11.02 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: $495,708,927,380
- Average return on equity (ROE) among peers: 3.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Muhak Co. Ltd (033920) | ₩622.19 Billion | 12.46% | 0.26x | $135.50 Million |
| Hite Jinro (000080) | $1.16 Trillion | 1.91% | 1.95x | $749.02 Million |
| HiteJinro Co Ltd (000087) | $1.03 Trillion | -4.10% | 2.17x | $9.28 Million |
| Bohae Brewery (000890) | $73.36 Billion | 1.07% | 2.89x | $111.76 Million |
| Changhae Ethanol Co. Ltd (004650) | $146.03 Billion | 6.05% | 1.13x | $47.56 Million |
| Mhethanol Co. Ltd. (023150) | $63.58 Billion | 12.81% | 0.14x | $9.73 Million |
About 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.