Kangwon Land
Kangwon Land, Inc. engages in the casino, tourist hotel, and ski resorts businesses in South Korea. Its business also covers condominium, golf course, and a water park. The company operates the Kangwon Land Casino with 200 game tables, 1,360 slot machines, and video games. It also operates the Kangwonland Hotel, Convention Hotel, High1 Hotel, Mountain Condominium, Valley Condominium, and Hill Con… Read more
Kangwon Land (035250) - Net Assets
Latest net assets as of September 2025: ₩3.90 Trillion KRW
Based on the latest financial reports, Kangwon Land (035250) has net assets worth ₩3.90 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩4.63 Trillion) and total liabilities (₩729.29 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 | ₩3.90 Trillion |
| % of Total Assets | 84.25% |
| Annual Growth Rate | 4.92% |
| 5-Year Change | 19.61% |
| 10-Year Change | 29.55% |
| Growth Volatility | 5.51 |
Kangwon Land - Net Assets Trend (2009–2024)
This chart illustrates how Kangwon Land's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kangwon Land (2009–2024)
The table below shows the annual net assets of Kangwon Land from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩3.88 Trillion | +5.59% |
| 2023-12-31 | ₩3.68 Trillion | +7.69% |
| 2022-12-31 | ₩3.42 Trillion | +5.00% |
| 2021-12-31 | ₩3.25 Trillion | +0.18% |
| 2020-12-31 | ₩3.25 Trillion | -12.66% |
| 2019-12-31 | ₩3.72 Trillion | +3.65% |
| 2018-12-31 | ₩3.59 Trillion | +2.44% |
| 2017-12-31 | ₩3.50 Trillion | +7.64% |
| 2016-12-31 | ₩3.25 Trillion | +8.51% |
| 2015-12-31 | ₩3.00 Trillion | +10.81% |
| 2014-12-31 | ₩2.71 Trillion | +7.45% |
| 2013-12-31 | ₩2.52 Trillion | +6.14% |
| 2012-12-31 | ₩2.37 Trillion | +5.08% |
| 2011-12-31 | ₩2.26 Trillion | +7.47% |
| 2010-12-31 | ₩2.10 Trillion | +11.15% |
| 2009-12-31 | ₩1.89 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kangwon Land'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 386147663598000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩3.86 Trillion | 99.43% |
| Other Components | ₩22.19 Billion | 0.57% |
| Total Equity | ₩3.88 Trillion | 100.00% |
Kangwon Land Competitors by Market Cap
The table below lists competitors of Kangwon Land ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NCC AB ser. B
LSE:0OFP
|
$1.39 Billion |
|
Healthcare Services Group Inc
NASDAQ:HCSG
|
$1.39 Billion |
|
Befesa S.A
PINK:BFSAF
|
$1.39 Billion |
|
Intapp Inc
NASDAQ:INTA
|
$1.39 Billion |
|
Beijing Zhong Ke San Huan High-Tech Co Ltd
SHE:000970
|
$1.39 Billion |
|
Kontron AG
VI:KTN
|
$1.39 Billion |
|
Kiler Holding A.S.
IS:KLRHO
|
$1.38 Billion |
|
BRAZE INC. A DL-0001
F:K43
|
$1.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kangwon Land's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,677,902,200,470 to 3,883,666,448,030, a change of 205,764,247,560 (5.6%).
- Net income of 456,895,295,630 contributed positively to equity growth.
- Dividend payments of 188,547,268,140 reduced retained earnings.
- Share repurchases of 40,008,001,030 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩456.90 Billion | +11.76% |
| Dividends Paid | ₩188.55 Billion | -4.85% |
| Share Repurchases | ₩40.01 Billion | -1.03% |
| Other Changes | ₩-22.58 Billion | -0.58% |
| Total Change | ₩- | 5.59% |
Book Value vs Market Value Analysis
This analysis compares Kangwon Land'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: 0.94x
- 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 1.05x to 0.94x 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 | ₩17269.02 | ₩18100.00 | x |
| 2018-12-31 | ₩17691.39 | ₩18100.00 | x |
| 2019-12-31 | ₩18337.39 | ₩18100.00 | x |
| 2020-12-31 | ₩16015.63 | ₩18100.00 | x |
| 2021-12-31 | ₩16044.14 | ₩18100.00 | x |
| 2022-12-31 | ₩16846.10 | ₩18100.00 | x |
| 2023-12-31 | ₩18141.07 | ₩18100.00 | x |
| 2024-12-31 | ₩19155.99 | ₩18100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kangwon Land 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): 11.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.02%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.21x
- Recent ROE (11.76%) is above the historical average (10.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 20.64% | 32.32% | 0.51x | 1.26x | ₩201.03 Billion |
| 2010 | 20.05% | 32.05% | 0.50x | 1.24x | ₩211.07 Billion |
| 2011 | 16.89% | 30.12% | 0.47x | 1.20x | ₩155.44 Billion |
| 2012 | 12.91% | 23.63% | 0.45x | 1.23x | ₩69.03 Billion |
| 2013 | 11.82% | 21.86% | 0.44x | 1.23x | ₩45.86 Billion |
| 2014 | 13.28% | 24.01% | 0.44x | 1.25x | ₩88.86 Billion |
| 2015 | 14.73% | 27.03% | 0.44x | 1.23x | ₩141.90 Billion |
| 2016 | 13.98% | 26.80% | 0.43x | 1.22x | ₩129.34 Billion |
| 2017 | 12.50% | 27.27% | 0.38x | 1.20x | ₩87.50 Billion |
| 2018 | 8.29% | 20.68% | 0.34x | 1.18x | ₩-61.35 Billion |
| 2019 | 9.00% | 22.02% | 0.34x | 1.19x | ₩-37.11 Billion |
| 2020 | -8.50% | -57.64% | 0.13x | 1.12x | ₩-600.56 Billion |
| 2021 | -0.32% | -1.34% | 0.21x | 1.18x | ₩-335.84 Billion |
| 2022 | 3.39% | 9.10% | 0.30x | 1.22x | ₩-225.92 Billion |
| 2023 | 9.27% | 24.55% | 0.31x | 1.21x | ₩-26.89 Billion |
| 2024 | 11.76% | 32.02% | 0.30x | 1.21x | ₩68.53 Billion |
Industry Comparison
This section compares Kangwon Land's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $312,729,102,710
- Average return on equity (ROE) among peers: 13.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kangwon Land (035250) | ₩3.90 Trillion | 20.64% | 0.19x | $1.39 Billion |
| Lotte Tour Dev (032350) | $115.09 Billion | 0.67% | 0.26x | $709.98 Million |
| Paradise Co. Ltd (034230) | $332.11 Billion | 13.25% | 0.59x | $549.25 Million |
| Yong Pyong Resort Corp (070960) | $408.18 Billion | 4.15% | 1.13x | $53.07 Million |
| Grand Korea Leisure Co. Ltd (114090) | $395.54 Billion | 34.78% | 0.42x | $252.74 Million |