Shinsegae Cons
Shinsegae Engineering & Construction Inc. provides construction services in South Korea and internationally. The company undertakes commercial facilities, logistics and production plants; educational and office facilities; hotels and resorts; residential facilities; roads, railways, and ports; and environmental and energy construction projects. It also renovates and remodels commercial and reside… Read more
Shinsegae Cons (034300) - Net Assets
Latest net assets as of September 2024: ₩664.81 Billion KRW
Based on the latest financial reports, Shinsegae Cons (034300) has net assets worth ₩664.81 Billion KRW as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.73 Trillion) and total liabilities (₩1.07 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 | ₩664.81 Billion |
| % of Total Assets | 38.34% |
| Annual Growth Rate | 15.68% |
| 5-Year Change | -39.29% |
| 10-Year Change | 324.91% |
| Growth Volatility | 70.97 |
Shinsegae Cons - Net Assets Trend (2013–2023)
This chart illustrates how Shinsegae Cons's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shinsegae Cons (2013–2023)
The table below shows the annual net assets of Shinsegae Cons from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩119.96 Billion | -57.72% |
| 2022-12-31 | ₩283.72 Billion | +25.46% |
| 2021-12-31 | ₩226.14 Billion | +11.73% |
| 2020-12-31 | ₩202.39 Billion | +2.43% |
| 2019-12-31 | ₩197.58 Billion | +0.99% |
| 2018-12-31 | ₩195.65 Billion | +22.53% |
| 2017-12-31 | ₩159.67 Billion | +24.78% |
| 2016-12-31 | ₩127.96 Billion | +37.63% |
| 2015-12-31 | ₩92.98 Billion | +229.33% |
| 2014-12-31 | ₩28.23 Billion | +0.93% |
| 2013-12-31 | ₩27.97 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shinsegae Cons'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 decreased by 630.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩133.24 Billion | 113.92% |
| Total Equity | ₩116.96 Billion | 100.00% |
Shinsegae Cons Competitors by Market Cap
The table below lists competitors of Shinsegae Cons ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SenSen Networks Limited
PINK:SNNSF
|
$9.23 Million |
|
Mistral Gayrimenkul Yatirim Ortakligi AS
IS:MSGYO
|
$9.23 Million |
|
Q-linea AB (publ)
F:3F80
|
$9.23 Million |
|
NETSCIENTIFIC PLC LS-05
F:NTK1
|
$9.23 Million |
|
Clean Seas Seafood Limited
PINK:CTUNF
|
$9.22 Million |
|
Dragonfly GF Co. Ltd
KQ:030350
|
$9.22 Million |
|
NEXE Innovations Inc
OTCQB:NEXNF
|
$9.22 Million |
|
Biocardia Inc
NASDAQ:BCDA
|
$9.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinsegae Cons's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 283,719,174,550 to 116,958,947,860, a change of -166,760,226,690 (-58.8%).
- Net loss of 158,501,543,690 reduced equity.
- Dividend payments of 1,999,744,890 reduced retained earnings.
- Other factors decreased equity by 6,258,938,110.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-158.50 Billion | -135.52% |
| Dividends Paid | ₩2.00 Billion | -1.71% |
| Other Changes | ₩-6.26 Billion | -5.35% |
| Total Change | ₩- | -58.78% |
Book Value vs Market Value Analysis
This analysis compares Shinsegae Cons'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: 0.62x
- 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 increased from 0.45x to 0.62x 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 | ₩39918.38 | ₩18160.00 | x |
| 2018-12-31 | ₩48912.39 | ₩18160.00 | x |
| 2019-12-31 | ₩49395.27 | ₩18160.00 | x |
| 2020-12-31 | ₩50597.74 | ₩18160.00 | x |
| 2021-12-31 | ₩56534.40 | ₩18160.00 | x |
| 2022-12-31 | ₩70929.79 | ₩18160.00 | x |
| 2023-12-31 | ₩29239.74 | ₩18160.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinsegae Cons 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): -135.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.55%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 10.79x
- Recent ROE (-135.52%) is below the historical average (-44.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -468.80% | -29.71% | 0.80x | 19.72x | ₩-133.93 Billion |
| 2014 | 11.11% | 0.38% | 1.24x | 23.83x | ₩312.65 Million |
| 2015 | 17.18% | 1.47% | 1.60x | 7.30x | ₩6.67 Billion |
| 2016 | 29.54% | 2.63% | 1.96x | 5.74x | ₩25.00 Billion |
| 2017 | 18.18% | 2.73% | 1.57x | 4.25x | ₩13.05 Billion |
| 2018 | 22.02% | 3.97% | 1.43x | 3.87x | ₩23.51 Billion |
| 2019 | 8.86% | 1.72% | 1.31x | 3.94x | ₩-2.24 Billion |
| 2020 | 6.04% | 1.28% | 1.25x | 3.78x | ₩-8.01 Billion |
| 2021 | 11.57% | 2.08% | 1.52x | 3.67x | ₩3.54 Billion |
| 2022 | -5.01% | -0.99% | 1.38x | 3.65x | ₩-42.59 Billion |
| 2023 | -135.52% | -10.55% | 1.19x | 10.79x | ₩-170.20 Billion |
Industry Comparison
This section compares Shinsegae Cons's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $210,025,499,552
- Average return on equity (ROE) among peers: -156.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinsegae Cons (034300) | ₩664.81 Billion | -468.80% | 1.61x | $9.23 Million |
| Hyundai Engineering & Construction (000720) | $743.93 Billion | 10.45% | 5.60x | $4.83 Billion |
| Nam Kwang Cons (001260) | $66.30 Billion | 20.76% | 2.08x | $21.76 Million |
| Sambu Const (001470) | $7.67 Billion | -1665.61% | 38.17x | $52.59 Million |
| EE-HWA Construction Co. Ltd (001840) | $42.16 Billion | 3.35% | 0.94x | $11.71 Million |
| Dohwa Engin (002150) | $248.74 Billion | 5.55% | 0.51x | $63.10 Million |
| Bumyang Construction Co Ltd (002410) | $197.87 Billion | 1.56% | 1.59x | $28.08 Million |
| Hwa Sung Ind (002460) | $222.16 Billion | 11.63% | 1.93x | $48.66 Million |
| Chin Hung Int' (002780) | $78.80 Billion | 7.68% | 3.65x | $41.03 Million |
| Chinhung International Inc (002785) | $224.73 Billion | 22.05% | 1.01x | $172.54 Million |
| Chinhung International Inc. Pfd. Series 2 (002787) | $267.89 Billion | 16.91% | 1.14x | $432.23 Million |