Kangwon Land (035250) - Net Assets

Latest as of September 2025: ₩3.90 Trillion KRW ≈ $2.64 Billion USD

Based on the latest financial reports, Kangwon Land (035250) has net assets worth ₩3.90 Trillion KRW (≈ $2.64 Billion USD) 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 ≈ $3.14 Billion USD) and total liabilities (₩729.29 Billion ≈ $494.23 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 Kangwon Land liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore 035250 total assets for the complete picture of this company's asset base.

Annual Net Assets for Kangwon Land (2009–2024)

The table below shows the annual net assets of Kangwon Land from 2009 to 2024. For live valuation and market cap data, see 035250 company net worth.

Year	Net Assets	Change
2024-12-31	₩3.88 Trillion ≈ $2.63 Billion	+5.59%
2023-12-31	₩3.68 Trillion ≈ $2.49 Billion	+7.69%
2022-12-31	₩3.42 Trillion ≈ $2.31 Billion	+5.00%
2021-12-31	₩3.25 Trillion ≈ $2.20 Billion	+0.18%
2020-12-31	₩3.25 Trillion ≈ $2.20 Billion	-12.66%
2019-12-31	₩3.72 Trillion ≈ $2.52 Billion	+3.65%
2018-12-31	₩3.59 Trillion ≈ $2.43 Billion	+2.44%
2017-12-31	₩3.50 Trillion ≈ $2.37 Billion	+7.64%
2016-12-31	₩3.25 Trillion ≈ $2.20 Billion	+8.51%
2015-12-31	₩3.00 Trillion ≈ $2.03 Billion	+10.81%
2014-12-31	₩2.71 Trillion ≈ $1.83 Billion	+7.45%
2013-12-31	₩2.52 Trillion ≈ $1.71 Billion	+6.14%
2012-12-31	₩2.37 Trillion ≈ $1.61 Billion	+5.08%
2011-12-31	₩2.26 Trillion ≈ $1.53 Billion	+7.47%
2010-12-31	₩2.10 Trillion ≈ $1.42 Billion	+11.15%
2009-12-31	₩1.89 Trillion ≈ $1.28 Billion	--

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
Boardwalk Real Estate Investment Trust TO:BEI-UN	$2.34 Billion
Sumec Corp Ltd SHG:600710	$2.34 Billion
The Bancorp Inc NASDAQ:TBBK	$2.34 Billion
Koninklijke Heijmans N.V. AS:HEIJM	$2.34 Billion
Civitas Resources Inc NYSE:CIVI	$2.34 Billion
BaoJi Titanium Industry Co Ltd SHG:600456	$2.34 Billion
Tiger Brands Ltd JSE:TBS	$2.33 Billion
Pfizer Limited NSE:PFIZER	$2.33 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: 0.90x
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.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	₩17269.02	₩17200.00	x
2018-12-31	₩17691.39	₩17200.00	x
2019-12-31	₩18337.39	₩17200.00	x
2020-12-31	₩16015.63	₩17200.00	x
2021-12-31	₩16044.14	₩17200.00	x
2022-12-31	₩16846.10	₩17200.00	x
2023-12-31	₩18141.07	₩17200.00	x
2024-12-31	₩19155.99	₩17200.00	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: $344,637,587,998
Average return on equity (ROE) among peers: 3.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Kangwon Land (035250)	₩3.90 Trillion	20.64%	0.19x	$2.34 Billion
Lotte Tour Dev (032350)	$280.95 Billion	-38.61%	0.80x	$1.12 Billion
Paradise Co. Ltd (034230)	$308.90 Billion	14.18%	0.72x	$1.04 Billion
Yong Pyong Resort Corp (070960)	$393.17 Billion	2.03%	1.59x	$100.02 Million
Grand Korea Leisure Co. Ltd (114090)	$395.54 Billion	34.78%	0.42x	$505.54 Million

About Kangwon Land

KO:035250 Korea Resorts & Casinos

Market Cap

$2.34 Billion

₩3.45 Trillion KRW

Market Cap Rank

#5702 Global

#146 in Korea

Share Price

₩17200.00

Change (1 day)

+0.00%

52-Week Range

₩16490.00 - ₩20550.00

All Time High

₩35579.99