Korea Gas Corporation
Korea Gas Corporation engages in the exploration, development, production, import, and wholesale of liquefied natural gas (LNG), compressed natural gas, and natural gas in Korea, Australia, Iraq, Mozambique, and Myanmar. It operates through the Natural Gas Wholesale and Others segments. The company manufactures and supplies natural gas, as well as refines and sells by-products; construct and oper… Read more
Korea Gas Corporation (036460) - Net Assets
Latest net assets as of September 2025: ₩11.15 Trillion KRW
Based on the latest financial reports, Korea Gas Corporation (036460) has net assets worth ₩11.15 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 (₩52.95 Trillion) and total liabilities (₩41.80 Trillion). 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 | ₩11.15 Trillion |
| % of Total Assets | 21.06% |
| Annual Growth Rate | 6.58% |
| 5-Year Change | 39.96% |
| 10-Year Change | 7.65% |
| Growth Volatility | 12.31 |
Korea Gas Corporation - Net Assets Trend (2000–2024)
This chart illustrates how Korea Gas Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korea Gas Corporation (2000–2024)
The table below shows the annual net assets of Korea Gas Corporation from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩10.83 Trillion | +10.18% |
| 2023-12-31 | ₩9.83 Trillion | -5.62% |
| 2022-12-31 | ₩10.41 Trillion | +14.16% |
| 2021-12-31 | ₩9.12 Trillion | +17.89% |
| 2020-12-31 | ₩7.74 Trillion | -5.05% |
| 2019-12-31 | ₩8.15 Trillion | -4.14% |
| 2018-12-31 | ₩8.50 Trillion | +4.39% |
| 2017-12-31 | ₩8.14 Trillion | -13.28% |
| 2016-12-31 | ₩9.39 Trillion | -6.67% |
| 2015-12-31 | ₩10.06 Trillion | +3.42% |
| 2014-12-31 | ₩9.72 Trillion | +8.86% |
| 2013-12-31 | ₩8.93 Trillion | +6.74% |
| 2012-12-31 | ₩8.37 Trillion | +4.04% |
| 2011-12-31 | ₩8.04 Trillion | +51.46% |
| 2010-12-31 | ₩5.31 Trillion | +2.54% |
| 2009-12-31 | ₩5.18 Trillion | +26.16% |
| 2008-12-31 | ₩4.11 Trillion | +6.60% |
| 2007-12-31 | ₩3.85 Trillion | +9.11% |
| 2006-12-31 | ₩3.53 Trillion | +5.01% |
| 2005-12-31 | ₩3.36 Trillion | +3.86% |
| 2004-12-31 | ₩3.24 Trillion | +6.69% |
| 2003-12-31 | ₩3.03 Trillion | +7.17% |
| 2002-12-31 | ₩2.83 Trillion | +10.53% |
| 2001-12-31 | ₩2.56 Trillion | +9.20% |
| 2000-12-31 | ₩2.35 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korea Gas Corporation'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 778024300000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩7.78 Trillion | 71.85% |
| Other Components | ₩3.05 Trillion | 28.15% |
| Total Equity | ₩10.83 Trillion | 100.00% |
Korea Gas Corporation Competitors by Market Cap
The table below lists competitors of Korea Gas Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
4DMEDICAL Ltd
AU:4DX
|
$1.08 Billion |
|
Ujjivan Small Finance Bank Limited
NSE:UJJIVANSFB
|
$1.08 Billion |
|
Distribution Solutions Group Inc
NASDAQ:DSGR
|
$1.08 Billion |
|
IOI Properties Group Bhd
KLSE:5249
|
$1.08 Billion |
|
Perella Weinberg Partners
NASDAQ:PWP
|
$1.08 Billion |
|
Lotus Health Group Co
SHG:600186
|
$1.08 Billion |
|
Europris ASA
OL:EPR
|
$1.08 Billion |
|
Excelerate Energy Inc
NYSE:EE
|
$1.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea Gas Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,626,977,431,910 to 10,829,084,000,000, a change of 1,202,106,568,090 (12.5%).
- Net income of 1,146,749,000,000 contributed positively to equity growth.
- Dividend payments of 26,114,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.15 Trillion | +10.59% |
| Dividends Paid | ₩26.11 Billion | -0.24% |
| Other Changes | ₩81.47 Billion | +0.75% |
| Total Change | ₩- | 12.49% |
Book Value vs Market Value Analysis
This analysis compares Korea Gas Corporation'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: 0.29x
- 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 0.41x to 0.29x 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 | ₩89155.47 | ₩36600.00 | x |
| 2018-12-31 | ₩93485.63 | ₩36600.00 | x |
| 2019-12-31 | ₩89611.96 | ₩36600.00 | x |
| 2020-12-31 | ₩87164.23 | ₩36600.00 | x |
| 2021-12-31 | ₩103337.50 | ₩36600.00 | x |
| 2022-12-31 | ₩118693.27 | ₩36600.00 | x |
| 2023-12-31 | ₩112167.30 | ₩36600.00 | x |
| 2024-12-31 | ₩124079.41 | ₩36600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea Gas Corporation 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): 10.59%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.99%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 5.33x
- Recent ROE (10.59%) is above the historical average (4.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.19% | 1.60% | 0.72x | 3.62x | ₩-135.56 Billion |
| 2001 | 11.82% | 4.12% | 0.80x | 3.60x | ₩46.26 Billion |
| 2002 | 10.45% | 4.02% | 0.78x | 3.32x | ₩12.67 Billion |
| 2003 | 9.56% | 3.49% | 0.85x | 3.20x | ₩-13.20 Billion |
| 2004 | 10.31% | 3.59% | 0.91x | 3.14x | ₩9.95 Billion |
| 2005 | 7.32% | 2.19% | 0.99x | 3.38x | ₩-89.67 Billion |
| 2006 | 6.97% | 1.88% | 1.06x | 3.49x | ₩-106.70 Billion |
| 2007 | 9.55% | 2.54% | 1.14x | 3.29x | ₩-17.36 Billion |
| 2008 | 8.04% | 1.40% | 1.06x | 5.40x | ₩-79.87 Billion |
| 2009 | 4.64% | 1.23% | 0.85x | 4.46x | ₩-276.90 Billion |
| 2010 | 3.97% | 0.92% | 0.94x | 4.60x | ₩-319.42 Billion |
| 2011 | 2.25% | 0.64% | 0.79x | 4.47x | ₩-623.46 Billion |
| 2012 | 4.38% | 1.05% | 0.86x | 4.85x | ₩-471.16 Billion |
| 2013 | -2.25% | -0.53% | 0.87x | 4.89x | ₩-1.09 Trillion |
| 2014 | 4.59% | 1.20% | 0.80x | 4.81x | ₩-526.27 Billion |
| 2015 | 3.17% | 1.23% | 0.61x | 4.21x | ₩-686.50 Billion |
| 2016 | -7.27% | -3.19% | 0.53x | 4.31x | ₩-1.60 Trillion |
| 2017 | -15.42% | -5.44% | 0.60x | 4.75x | ₩-1.99 Trillion |
| 2018 | 6.22% | 1.95% | 0.66x | 4.84x | ₩-309.93 Billion |
| 2019 | 0.49% | 0.16% | 0.64x | 5.01x | ₩-746.57 Billion |
| 2020 | -2.30% | -0.83% | 0.58x | 4.80x | ₩-920.16 Billion |
| 2021 | 10.72% | 3.45% | 0.63x | 4.92x | ₩63.84 Billion |
| 2022 | 14.66% | 2.89% | 0.83x | 6.13x | ₩474.39 Billion |
| 2023 | -7.91% | -1.71% | 0.78x | 5.95x | ₩-1.72 Trillion |
| 2024 | 10.59% | 2.99% | 0.67x | 5.33x | ₩63.84 Billion |
Industry Comparison
This section compares Korea Gas Corporation's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $301,187,162,936
- Average return on equity (ROE) among peers: 3.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Gas Corporation (036460) | ₩11.15 Trillion | 4.19% | 3.75x | $1.08 Billion |
| Samchully (004690) | $483.11 Billion | 9.48% | 0.97x | $179.89 Million |
| Taekyung Chem (006890) | $95.63 Billion | 3.99% | 0.18x | $26.19 Million |
| Kyungdong Gas (012320) | $304.00 Billion | 11.07% | 1.34x | $42.16 Million |
| Yesco Holdings Co. Ltd (015360) | $607.71 Billion | 3.41% | 1.14x | $61.60 Million |
| Daesung Holdin (016710) | $559.03 Billion | 27.51% | 1.23x | $26.19 Million |
| Seoul City Gas (017390) | $200.37 Billion | 10.26% | 1.97x | $59.31 Million |
| Incheon City G (034590) | $171.03 Billion | 8.03% | 1.28x | $20.03 Million |
| GSE Co. Ltd (053050) | $25.29 Billion | -48.21% | 2.78x | $29.35 Million |
| Daesung Energy (117580) | $264.50 Billion | 6.16% | 1.20x | $47.91 Million |