Incheon City G (034590) - Net Assets

Latest as of September 2025: ₩228.57 Billion KRW ≈ $154.90 Million USD

Based on the latest financial reports, Incheon City G (034590) has net assets worth ₩228.57 Billion KRW (≈ $154.90 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩432.07 Billion ≈ $292.81 Million USD) and total liabilities (₩203.50 Billion ≈ $137.91 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. Check how resilient are Incheon City G's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩228.57 Billion
% of Total Assets	52.9%
Annual Growth Rate	5.02%
5-Year Change	16.85%
10-Year Change	40.39%
Growth Volatility	4.75

Incheon City G - Net Assets Trend (2008–2024)

This chart illustrates how Incheon City G's net assets have evolved over time, based on quarterly financial data. Also explore Incheon City G assets under control for the complete picture of this company's asset base.

Annual Net Assets for Incheon City G (2008–2024)

The table below shows the annual net assets of Incheon City G from 2008 to 2024. For live valuation and market cap data, see how much is Incheon City G worth.

Year	Net Assets	Change
2024-12-31	₩223.97 Billion ≈ $151.78 Million	+5.87%
2023-12-31	₩211.56 Billion ≈ $143.37 Million	+5.78%
2022-12-31	₩200.00 Billion ≈ $135.54 Million	+4.49%
2021-12-31	₩191.40 Billion ≈ $129.71 Million	-0.14%
2020-12-31	₩191.67 Billion ≈ $129.89 Million	+3.63%
2019-12-31	₩184.97 Billion ≈ $125.35 Million	+2.73%
2018-12-31	₩180.06 Billion ≈ $122.02 Million	+5.28%
2017-12-31	₩171.03 Billion ≈ $115.90 Million	+5.04%
2016-12-31	₩162.82 Billion ≈ $110.34 Million	+2.06%
2015-12-31	₩159.54 Billion ≈ $108.11 Million	+1.96%
2014-12-31	₩156.47 Billion ≈ $106.04 Million	+12.83%
2013-12-31	₩138.68 Billion ≈ $93.98 Million	+4.69%
2012-12-31	₩132.46 Billion ≈ $89.77 Million	+3.20%
2011-12-31	₩128.36 Billion ≈ $86.99 Million	+3.83%
2010-12-31	₩123.62 Billion ≈ $83.78 Million	+19.99%
2009-12-31	₩103.03 Billion ≈ $69.82 Million	+0.79%
2008-12-31	₩102.23 Billion ≈ $69.28 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Incheon City G'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 224.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩181.03 Billion	80.83%
Other Components	₩42.94 Billion	19.17%
Total Equity	₩223.97 Billion	100.00%

Incheon City G Competitors by Market Cap

The table below lists competitors of Incheon City G ranked by their market capitalization.

Company	Market Cap
Papilon Savunma Guvenlik Sistemleri IS:PAPIL	$75.30 Million
Aviv Arlon Ltd TA:AVLN	$75.32 Million
Hastings Technology Metals Ltd AU:HAS	$75.36 Million
INSTAL KRAKÓW SA WAR:INK	$75.39 Million
Ni Steel KO:008260	$75.26 Million
Spruce Ridge Resources Ltd. V:SHL	$75.24 Million
Lifetime Brands Inc NASDAQ:LCUT	$75.22 Million
Adrad Holdings Ltd AU:AHL	$75.22 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Incheon City G's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 211,556,300,150 to 223,967,087,870, a change of 12,410,787,720 (5.9%).
Net income of 19,271,621,610 contributed positively to equity growth.
Dividend payments of 5,152,498,750 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩19.27 Billion	+8.6%
Dividends Paid	₩5.15 Billion	-2.3%
Other Changes	₩-1.71 Billion	-0.76%
Total Change	₩-	5.87%

Book Value vs Market Value Analysis

This analysis compares Incheon City G'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: 0.50x
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 0.65x to 0.50x 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	₩41492.09	₩26950.00	x
2018-12-31	₩43681.75	₩26950.00	x
2019-12-31	₩44872.88	₩26950.00	x
2020-12-31	₩46499.61	₩26950.00	x
2021-12-31	₩46433.30	₩26950.00	x
2022-12-31	₩48520.07	₩26950.00	x
2023-12-31	₩51323.71	₩26950.00	x
2024-12-31	₩54334.58	₩26950.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Incheon City G 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): 8.60%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.04%
• Asset Turnover: 2.08x
• Equity Multiplier: 2.03x
Recent ROE (8.60%) is above the historical average (7.61%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	10.47%	2.24%	2.36x	1.98x	₩478.11 Million
2009	7.17%	1.47%	2.22x	2.19x	₩-2.92 Billion
2010	10.06%	2.14%	2.03x	2.31x	₩76.60 Million
2011	8.68%	1.77%	2.00x	2.44x	₩-1.69 Billion
2012	7.23%	1.33%	1.97x	2.77x	₩-3.67 Billion
2013	7.42%	1.34%	2.16x	2.56x	₩-3.58 Billion
2014	14.97%	2.93%	2.11x	2.42x	₩7.77 Billion
2015	4.49%	1.17%	1.83x	2.09x	₩-8.79 Billion
2016	5.28%	1.67%	1.43x	2.21x	₩-7.69 Billion
2017	8.03%	2.55%	1.38x	2.28x	₩-3.37 Billion
2018	8.95%	2.76%	1.68x	1.93x	₩-1.88 Billion
2019	5.79%	1.87%	1.57x	1.98x	₩-7.79 Billion
2020	5.94%	2.26%	1.48x	1.77x	₩-7.78 Billion
2021	1.94%	0.74%	1.40x	1.88x	₩-15.43 Billion
2022	6.09%	1.67%	1.72x	2.12x	₩-7.82 Billion
2023	8.28%	2.24%	1.76x	2.10x	₩-3.63 Billion
2024	8.60%	2.04%	2.08x	2.03x	₩-3.13 Billion

Industry Comparison

This section compares Incheon City G's net assets metrics with peer companies in the Utilities - Regulated Gas industry.

Industry Context

Industry: Utilities - Regulated Gas
Average net assets among peers: $695,379,873,840
Average return on equity (ROE) among peers: 8.75%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Incheon City G (034590)	₩228.57 Billion	10.47%	0.89x	$75.28 Million
Samchully (004690)	$839.93 Billion	14.60%	0.82x	$342.49 Million
Taekyung Chem (006890)	$163.78 Billion	7.70%	0.13x	$69.05 Million
Kyungdong Gas (012320)	$397.87 Billion	6.86%	0.49x	$97.52 Million
Yesco Holdings Co. Ltd (015360)	$607.71 Billion	3.41%	1.14x	$46.62 Million
Daesung Holdin (016710)	$129.56 Billion	11.23%	1.39x	$93.93 Million
Seoul City Gas (017390)	$336.24 Billion	11.85%	1.32x	$174.30 Million
Korea Gas Corporation (036460)	$3.53 Trillion	6.94%	2.48x	$2.31 Billion
GSE Co. Ltd (053050)	$62.69 Billion	7.89%	1.32x	$53.04 Million
Daesung Energy (117580)	$191.00 Billion	8.31%	1.73x	$169.37 Million

About Incheon City G

KO:034590 Korea Utilities - Regulated Gas

Market Cap

$75.28 Million

₩111.09 Billion KRW

Market Cap Rank

#20291 Global

#1176 in Korea

Share Price

₩26950.00

Change (1 day)

+0.37%

52-Week Range

₩24800.00 - ₩27600.00

All Time High

₩27759.26