Plumb Fast Co
Plumb Fast Co operates in Diversified Metals & Mining.
Plumb Fast Co (035200) - Net Assets
Latest net assets as of June 2024: ₩38.52 Billion KRW
Based on the latest financial reports, Plumb Fast Co (035200) has net assets worth ₩38.52 Billion KRW as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩42.72 Billion) and total liabilities (₩4.20 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 | ₩38.52 Billion |
| % of Total Assets | 90.17% |
| Annual Growth Rate | 3.79% |
| 5-Year Change | 7.21% |
| 10-Year Change | N/A |
| Growth Volatility | 6.46 |
Plumb Fast Co - Net Assets Trend (2016–2023)
This chart illustrates how Plumb Fast Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Plumb Fast Co (2016–2023)
The table below shows the annual net assets of Plumb Fast Co from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩37.74 Billion | +2.48% |
| 2022-12-31 | ₩36.83 Billion | +1.54% |
| 2021-12-31 | ₩36.27 Billion | +3.52% |
| 2020-12-31 | ₩35.04 Billion | -0.47% |
| 2019-12-31 | ₩35.20 Billion | -0.94% |
| 2018-12-31 | ₩35.54 Billion | +2.36% |
| 2017-12-31 | ₩34.72 Billion | +19.37% |
| 2016-12-31 | ₩29.09 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Plumb Fast Co'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 49.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩32.77 Billion | 86.84% |
| Other Components | ₩4.97 Billion | 13.16% |
| Total Equity | ₩37.74 Billion | 100.00% |
Plumb Fast Co Competitors by Market Cap
The table below lists competitors of Plumb Fast Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inception Growth Acquisition Limited Warrants
NASDAQ:IGTAW
|
$21.55K |
|
Paranovus Entertainment Technology Ltd.
NASDAQ:PAVS
|
$21.55K |
|
278990
KO:278990
|
$21.58K |
|
Sedivio S.A.
WAR:SED
|
$21.61K |
|
Erin Energy Corp
PINK:ERINQ
|
$21.53K |
|
CLARIANE SE
PINK:KRNMF
|
$21.52K |
|
ECOMMERCE ALL N (ECF.SG)
STU:ECF
|
$21.51K |
|
Canal+ SA
F:YA3
|
$21.51K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Plumb Fast Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 36,830,090,620 to 37,741,699,760, a change of 911,609,140 (2.5%).
- Net income of 1,416,560,780 contributed positively to equity growth.
- Dividend payments of 423,225,400 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.42 Billion | +3.75% |
| Dividends Paid | ₩423.23 Million | -1.12% |
| Other Changes | ₩-81.73 Million | -0.22% |
| Total Change | ₩- | 2.48% |
Book Value vs Market Value Analysis
This analysis compares Plumb Fast Co'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: 0.78x
- 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 0.89x to 0.78x 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 | ₩3908.68 | ₩3470.00 | x |
| 2018-12-31 | ₩4018.10 | ₩3470.00 | x |
| 2019-12-31 | ₩3818.38 | ₩3470.00 | x |
| 2020-12-31 | ₩4064.90 | ₩3470.00 | x |
| 2021-12-31 | ₩4285.11 | ₩3470.00 | x |
| 2022-12-31 | ₩4351.12 | ₩3470.00 | x |
| 2023-12-31 | ₩4458.82 | ₩3470.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Plumb Fast Co 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): 3.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.80%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.09x
- Recent ROE (3.75%) is below the historical average (6.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 11.02% | 7.07% | 1.16x | 1.35x | ₩296.13 Million |
| 2017 | 12.80% | 9.07% | 1.19x | 1.18x | ₩967.00 Million |
| 2018 | 4.64% | 5.04% | 0.82x | 1.13x | ₩-1.91 Billion |
| 2019 | 3.36% | 4.02% | 0.77x | 1.08x | ₩-2.34 Billion |
| 2020 | 4.27% | 5.93% | 0.66x | 1.09x | ₩-2.01 Billion |
| 2021 | 5.88% | 7.22% | 0.73x | 1.12x | ₩-1.49 Billion |
| 2022 | 3.60% | 4.38% | 0.74x | 1.11x | ₩-2.36 Billion |
| 2023 | 3.75% | 4.80% | 0.72x | 1.09x | ₩-2.36 Billion |
Industry Comparison
This section compares Plumb Fast Co's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $109,307,930,609
- Average return on equity (ROE) among peers: -28.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Plumb Fast Co (035200) | ₩38.52 Billion | 11.02% | 0.11x | $21.53K |
| Kukyoung G&M (006050) | $51.01 Billion | -2.56% | 0.37x | $8.37K |
| Kossen Co Ltd (009730) | $14.31 Billion | -212.62% | 2.32x | $3.71K |
| Haansoft (030520) | $549.72 Billion | 3.28% | 0.54x | $147.64K |
| BIT Computer (032850) | $54.93 Billion | 11.85% | 0.29x | $31.44K |
| A-Frontier Co. Ltd. (036180) | $25.85 Billion | 16.56% | 0.27x | $3.84K |
| Infraware (041020) | $36.71 Billion | -39.68% | 0.21x | $29.45K |
| Kook Soon Dang Co. Ltd. (043650) | $215.68 Billion | -1.25% | 0.11x | $25.25K |
| Stcube (052020) | $38.70 Billion | -27.66% | 0.51x | $49.27K |
| Fourth-Link Inc. (056730) | $-3.13 Billion | 0.00% | 0.00x | $2.96K |