Baiksan

KO:035150 Korea Footwear & Accessories
Market Cap
$196.36 Million
₩287.52 Billion KRW
Market Cap Rank
#18945 Global
#730 in Korea
Share Price
₩13690.00
Change (1 day)
+2.01%
52-Week Range
₩12250.00 - ₩15660.00
All Time High
₩16178.61
Categories
Companies in Korea Footwear & Accessories
About

BAIKSAN Co,. Ltd engages in the production, manufacture, and sale of synthetic leather, resin, and non-woven fabric in South Korea. Its products are used in shoes, clothing, bags, sporting and electronic product cases, furniture, automobile interior materials, and other goods. The company was formerly known as Baiksan Hwasugn Co., Ltd. and changed its name to BAIKSAN Co,. Ltd in April 1998. BAIKS… Read more

Baiksan (035150) - Net Assets

Latest net assets as of September 2025: ₩259.30 Billion KRW

Based on the latest financial reports, Baiksan (035150) has net assets worth ₩259.30 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 (₩454.19 Billion) and total liabilities (₩194.88 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 ₩259.30 Billion
% of Total Assets 57.09%
Annual Growth Rate 5.99%
5-Year Change 104.49%
10-Year Change 141.66%
Growth Volatility 12.56

Baiksan - Net Assets Trend (2001–2024)

This chart illustrates how Baiksan's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Baiksan (2001–2024)

The table below shows the annual net assets of Baiksan from 2001 to 2024.

Year Net Assets Change
2024-12-31 ₩250.37 Billion +20.10%
2023-12-31 ₩208.46 Billion +15.71%
2022-12-31 ₩180.16 Billion +22.54%
2021-12-31 ₩147.01 Billion +20.08%
2020-12-31 ₩122.43 Billion -13.92%
2019-12-31 ₩142.23 Billion +3.00%
2018-12-31 ₩138.09 Billion +10.44%
2017-12-31 ₩125.04 Billion +1.61%
2016-12-31 ₩123.06 Billion +18.78%
2015-12-31 ₩103.60 Billion +12.58%
2014-12-31 ₩92.03 Billion -3.58%
2013-12-31 ₩95.44 Billion +5.12%
2012-12-31 ₩90.80 Billion +8.91%
2011-12-31 ₩83.37 Billion +28.45%
2010-12-31 ₩64.90 Billion +12.39%
2009-12-31 ₩57.75 Billion +15.63%
2008-12-31 ₩49.94 Billion +1.08%
2007-12-31 ₩49.41 Billion -13.74%
2006-12-31 ₩57.28 Billion -10.56%
2005-12-31 ₩64.05 Billion +2.13%
2004-12-31 ₩62.71 Billion -21.12%
2003-12-31 ₩79.50 Billion +12.77%
2002-12-31 ₩70.50 Billion +7.24%
2001-12-31 ₩65.74 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Baiksan'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 19916227091000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩199.16 Billion 80.29%
Other Components ₩48.90 Billion 19.71%
Total Equity ₩248.07 Billion 100.00%

Baiksan Competitors by Market Cap

The table below lists competitors of Baiksan ranked by their market capitalization.

Company Market Cap
Banque nationale de Belgique Société anonyme
BR:BNB
 		$84.38 Million
Hitit Bilgisayar Hizmetleri AS
IS:HTTBT
 		$84.41 Million
Spectra Systems Corporation
OTCGREY:SCTQ
 		$84.44 Million
SRINANAPORN MARKETING
BK:SNNP-R
 		$84.46 Million
Delta Asia International Corporation
TWO:6762
 		$84.37 Million
Ample Electronic Technology Co Ltd
TWO:4760
 		$84.36 Million
Fine Foods & Pharmaceuticals N.T.M. S.p.A.
F:9S5
 		$84.35 Million
NoiBai Cargo Terminal Services JSC
VN:NCT
 		$84.33 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 206,073,593,240 to 248,065,683,090, a change of 41,992,089,850 (20.4%).
  • Net income of 60,736,500,720 contributed positively to equity growth.
  • Dividend payments of 7,725,000,000 reduced retained earnings.
  • Share repurchases of 17,294,295,380 reduced equity.
  • New share issuances of 4,511,864,990 increased equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩60.74 Billion +24.48%
Dividends Paid ₩7.72 Billion -3.11%
Share Repurchases ₩17.29 Billion -6.97%
Share Issuances ₩4.51 Billion +1.82%
Other Changes ₩1.76 Billion +0.71%
Total Change ₩- 20.38%

Book Value vs Market Value Analysis

This analysis compares Baiksan'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: 1.17x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 2.59x to 1.17x 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 ₩5285.51 ₩13690.00 x
2018-12-31 ₩5788.78 ₩13690.00 x
2019-12-31 ₩5987.48 ₩13690.00 x
2020-12-31 ₩5125.53 ₩13690.00 x
2021-12-31 ₩6016.23 ₩13690.00 x
2022-12-31 ₩7626.06 ₩13690.00 x
2023-12-31 ₩9158.83 ₩13690.00 x
2024-12-31 ₩11673.68 ₩13690.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Baiksan 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): 24.48%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 12.22%
  • • Asset Turnover: 1.09x
  • • Equity Multiplier: 1.85x
  • Recent ROE (24.48%) is above the historical average (9.02%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 2.45% 1.64% 0.88x 1.69x ₩-4.93 Billion
2003 0.48% 0.27% 0.84x 2.07x ₩-6.16 Billion
2004 0.73% 0.38% 0.95x 2.03x ₩-5.36 Billion
2005 7.32% 2.83% 1.37x 1.88x ₩-1.63 Billion
2006 4.43% 1.65% 1.37x 1.97x ₩-3.06 Billion
2009 12.02% 5.62% 0.83x 2.58x ₩1.16 Billion
2010 11.01% 4.76% 0.95x 2.44x ₩657.35 Million
2011 6.74% 3.15% 1.16x 1.84x ₩-2.72 Billion
2012 12.90% 6.32% 1.17x 1.75x ₩2.63 Billion
2013 8.10% 4.36% 1.16x 1.60x ₩-1.81 Billion
2014 -2.79% -1.51% 1.04x 1.77x ₩-11.77 Billion
2015 14.90% 8.97% 1.01x 1.65x ₩5.08 Billion
2016 17.90% 10.89% 1.08x 1.53x ₩9.65 Billion
2017 7.19% 4.25% 1.10x 1.53x ₩-3.52 Billion
2018 11.15% 4.73% 1.10x 2.15x ₩1.58 Billion
2019 4.82% 1.45% 1.42x 2.33x ₩-7.34 Billion
2020 -12.97% -4.11% 1.32x 2.40x ₩-27.86 Billion
2021 13.17% 5.17% 1.12x 2.27x ₩4.61 Billion
2022 25.37% 9.52% 1.40x 1.90x ₩27.44 Billion
2023 20.03% 9.88% 1.19x 1.71x ₩20.67 Billion
2024 24.48% 12.22% 1.09x 1.85x ₩35.93 Billion

Industry Comparison

This section compares Baiksan's net assets metrics with peer companies in the Footwear & Accessories industry.

Industry Context

  • Industry: Footwear & Accessories
  • Average net assets among peers: $199,798,130,066
  • Average return on equity (ROE) among peers: -22.08%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Baiksan (035150) ₩259.30 Billion 2.45% 0.75x $84.37 Million
Samyang Tongsang Co. Ltd. (002170) $212.94 Billion 2.81% 0.21x $29.68 Million
Hwaseung Industries Co Ltd (006060) $613.65 Billion -4.07% 1.69x $69.22 Million
Uni Chem (011330) $9.24 Billion -180.74% 5.42x $28.58 Million
InBioGen Co Ltd (101140) $23.35 Billion 7.13% 0.04x $13.77 Million
Gumho NT Co Ltd (130500) $46.80 Billion 4.91% 0.30x $12.09 Million
JS Corp (194370) $292.81 Billion 37.49% 1.61x $103.93 Million