Doosan Heavy Ind. & Const. (034020) - Net Assets
Based on the latest financial reports, Doosan Heavy Ind. & Const. (034020) has net assets worth ₩12.01 Trillion KRW (≈ $8.14 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩27.51 Trillion ≈ $18.65 Billion USD) and total liabilities (₩15.50 Trillion ≈ $10.51 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. Check tangible equity quality of Doosan Heavy Ind. & Const. to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩12.01 Trillion |
| % of Total Assets | 43.65% |
| Annual Growth Rate | 8.13% |
| 5-Year Change | 36.35% |
| 10-Year Change | 76.02% |
| Growth Volatility | 21.52 |
Doosan Heavy Ind. & Const. - Net Assets Trend (2000–2025)
This chart illustrates how Doosan Heavy Ind. & Const.'s net assets have evolved over time, based on quarterly financial data. See 034020 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Doosan Heavy Ind. & Const. (2000–2025)
The table below shows the annual net assets of Doosan Heavy Ind. & Const. from 2000 to 2025. For live valuation and market cap data, see 034020 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩12.01 Trillion ≈ $8.14 Billion |
+2.99% |
| 2024-12-31 | ₩11.66 Trillion ≈ $7.90 Billion |
+7.56% |
| 2023-12-31 | ₩10.84 Trillion ≈ $7.35 Billion |
+7.55% |
| 2022-12-31 | ₩10.08 Trillion ≈ $6.83 Billion |
+14.45% |
| 2021-12-31 | ₩8.81 Trillion ≈ $5.97 Billion |
+23.94% |
| 2020-12-31 | ₩7.11 Trillion ≈ $4.82 Billion |
+14.58% |
| 2019-12-31 | ₩6.20 Trillion ≈ $4.20 Billion |
-0.26% |
| 2018-12-31 | ₩6.22 Trillion ≈ $4.21 Billion |
-5.29% |
| 2017-12-31 | ₩6.57 Trillion ≈ $4.45 Billion |
-3.77% |
| 2016-12-31 | ₩6.82 Trillion ≈ $4.62 Billion |
-2.89% |
| 2015-12-31 | ₩7.03 Trillion ≈ $4.76 Billion |
-8.48% |
| 2014-12-31 | ₩7.68 Trillion ≈ $5.20 Billion |
-2.97% |
| 2013-12-31 | ₩7.91 Trillion ≈ $5.36 Billion |
+75.44% |
| 2012-12-31 | ₩4.51 Trillion ≈ $3.06 Billion |
-5.99% |
| 2011-12-31 | ₩4.80 Trillion ≈ $3.25 Billion |
-16.94% |
| 2010-12-31 | ₩5.78 Trillion ≈ $3.91 Billion |
+6.66% |
| 2009-12-31 | ₩5.41 Trillion ≈ $3.67 Billion |
-7.18% |
| 2008-12-31 | ₩5.83 Trillion ≈ $3.95 Billion |
+63.66% |
| 2007-12-31 | ₩3.56 Trillion ≈ $2.42 Billion |
+15.56% |
| 2006-12-31 | ₩3.08 Trillion ≈ $2.09 Billion |
+6.40% |
| 2005-12-31 | ₩2.90 Trillion ≈ $1.96 Billion |
+25.54% |
| 2004-12-31 | ₩2.31 Trillion ≈ $1.56 Billion |
+40.15% |
| 2003-12-31 | ₩1.65 Trillion ≈ $1.12 Billion |
-5.91% |
| 2002-12-31 | ₩1.75 Trillion ≈ $1.19 Billion |
+5.93% |
| 2001-12-31 | ₩1.65 Trillion ≈ $1.12 Billion |
-2.78% |
| 2000-12-31 | ₩1.70 Trillion ≈ $1.15 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Doosan Heavy Ind. & Const.'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 169632700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.70 Trillion | 21.79% |
| Other Components | ₩6.09 Trillion | 78.21% |
| Total Equity | ₩7.79 Trillion | 100.00% |
Doosan Heavy Ind. & Const. Competitors by Market Cap
The table below lists competitors of Doosan Heavy Ind. & Const. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Franco-Nevada Corporation
TO:FNV
|
$43.27 Billion |
|
STANDARD CHART.UNSP.ADR/2
F:STD0
|
$43.28 Billion |
|
Hangzhou Hikvision Digital Technology Co Ltd
SHE:002415
|
$43.32 Billion |
|
China Citic Bank Corp Ltd Class A
SHG:601998
|
$43.36 Billion |
|
Wuliangye Yibin Co Ltd
SHE:000858
|
$43.08 Billion |
|
East Money Information Co Ltd
SHE:300059
|
$43.01 Billion |
|
Cardinal Health Inc
NYSE:CAH
|
$43.01 Billion |
|
Swedbank AB (publ)
ST:SWED-A
|
$43.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Doosan Heavy Ind. & Const.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,496,562,000,000 to 7,785,743,000,000, a change of 289,181,000,000 (3.9%).
- Net income of 84,762,000,000 contributed positively to equity growth.
- Dividend payments of 108,117,000,000 reduced retained earnings.
- Share repurchases of 138,661,000,000 reduced equity.
- Other factors increased equity by 451,197,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩84.76 Billion | +1.09% |
| Dividends Paid | ₩108.12 Billion | -1.39% |
| Share Repurchases | ₩138.66 Billion | -1.78% |
| Other Changes | ₩451.20 Billion | +5.8% |
| Total Change | ₩- | 3.86% |
Book Value vs Market Value Analysis
This analysis compares Doosan Heavy Ind. & Const.'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: 8.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.80x to 8.19x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩26239.32 | ₩99600.00 | x |
| 2018-12-31 | ₩19750.19 | ₩99600.00 | x |
| 2019-12-31 | ₩11879.14 | ₩99600.00 | x |
| 2020-12-31 | ₩8510.92 | ₩99600.00 | x |
| 2021-12-31 | ₩11217.94 | ₩99600.00 | x |
| 2022-12-31 | ₩11145.63 | ₩99600.00 | x |
| 2023-12-31 | ₩11112.82 | ₩99600.00 | x |
| 2024-12-31 | ₩11704.87 | ₩99600.00 | x |
| 2025-12-31 | ₩12156.39 | ₩99600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Doosan Heavy Ind. & Const. 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): 1.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.50%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 3.53x
- Recent ROE (1.09%) is above the historical average (-2.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.94% | 0.92% | 0.75x | 2.83x | ₩-119.15 Billion |
| 2002 | 4.51% | 2.11% | 0.94x | 2.27x | ₩-91.07 Billion |
| 2003 | 1.51% | 0.83% | 0.77x | 2.37x | ₩-134.34 Billion |
| 2004 | 9.10% | 3.41% | 0.78x | 3.43x | ₩-16.52 Billion |
| 2005 | 8.28% | 1.94% | 0.83x | 5.13x | ₩-34.11 Billion |
| 2006 | 3.47% | 0.63% | 0.87x | 6.29x | ₩-129.66 Billion |
| 2007 | 13.48% | 2.43% | 0.83x | 6.69x | ₩80.21 Billion |
| 2010 | 3.36% | 0.58% | 0.70x | 8.29x | ₩-233.33 Billion |
| 2011 | 5.76% | 3.23% | 0.63x | 2.85x | ₩-202.28 Billion |
| 2012 | 0.84% | 0.40% | 0.71x | 3.00x | ₩-412.55 Billion |
| 2013 | 1.46% | 0.36% | 0.69x | 5.87x | ₩-403.44 Billion |
| 2014 | -2.03% | -0.52% | 0.66x | 5.91x | ₩-560.62 Billion |
| 2015 | -29.55% | -7.18% | 0.53x | 7.76x | ₩-1.39 Trillion |
| 2016 | -4.91% | -1.23% | 0.56x | 7.14x | ₩-518.32 Billion |
| 2017 | -8.62% | -2.01% | 0.58x | 7.37x | ₩-630.72 Billion |
| 2018 | -18.67% | -3.55% | 0.59x | 8.85x | ₩-804.28 Billion |
| 2019 | -15.43% | -2.52% | 0.63x | 9.68x | ₩-651.51 Billion |
| 2020 | -33.55% | -7.07% | 0.59x | 8.02x | ₩-1.39 Trillion |
| 2021 | 8.13% | 4.39% | 0.48x | 3.89x | ₩-113.87 Billion |
| 2022 | -10.86% | -5.01% | 0.67x | 3.24x | ₩-1.48 Trillion |
| 2023 | 0.78% | 0.32% | 0.71x | 3.46x | ₩-656.14 Billion |
| 2024 | 1.49% | 0.69% | 0.62x | 3.51x | ₩-638.29 Billion |
| 2025 | 1.09% | 0.50% | 0.62x | 3.53x | ₩-693.81 Billion |
Industry Comparison
This section compares Doosan Heavy Ind. & Const.'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $135,493,757,886
- Average return on equity (ROE) among peers: 4.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Doosan Heavy Ind. & Const. (034020) | ₩12.01 Trillion | 1.94% | 1.29x | $43.14 Billion |
| Hwacheon Mac (000850) | $209.21 Billion | 12.92% | 0.49x | $48.83 Million |
| Daidong Elec (008110) | $164.00 Billion | 2.00% | 0.25x | $71.25 Million |
| Booster Co. Ltd (008470) | $60.30 Billion | 8.31% | 0.26x | $17.64 Million |
| Simpac (009160) | $240.42 Billion | 6.73% | 0.74x | $75.86 Million |
| Kyung Dong Navien Co Ltd (009450) | $141.56 Billion | 2.62% | 0.44x | $687.58 Million |
| Korea Refract (010040) | $108.02 Billion | 5.31% | 0.90x | $38.86 Million |
| Woojin I&S Co Ltd (010400) | $109.12 Billion | 13.24% | 0.12x | $17.24 Million |
| Hwacheon Machi (010660) | $137.56 Billion | 0.56% | 0.22x | $44.43 Million |
| Han Shin Mach (011700) | $82.34 Billion | 4.20% | 0.16x | $65.43 Million |
| STX Corporation (011810) | $102.41 Billion | -13.24% | 6.24x | $74.11 Million |
About Doosan Heavy Ind. & Const.
Doosan Enerbility Co., Ltd. operates as an energy company in South Korea, the Americas, Asia, the Middle East, Europe, and internationally. The company offers new energy solutions, including wind power solutions, gas turbines for power generation, small modular reactors, hydrogen energy, and energy storage systems. It also engages in the manufacture of power generation equipment, including boiler… Read more