Gwangjushinseg (037710) - Net Assets
Based on the latest financial reports, Gwangjushinseg (037710) has net assets worth ₩865.23 Billion KRW (≈ $586.36 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.26 Trillion ≈ $855.80 Million USD) and total liabilities (₩397.59 Billion ≈ $269.44 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 037710 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩865.23 Billion |
| % of Total Assets | 68.52% |
| Annual Growth Rate | 6.45% |
| 5-Year Change | 16.01% |
| 10-Year Change | 61.94% |
| Growth Volatility | 2.35 |
Gwangjushinseg - Net Assets Trend (2013–2025)
This chart illustrates how Gwangjushinseg's net assets have evolved over time, based on quarterly financial data. See 037710 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Gwangjushinseg (2013–2025)
The table below shows the annual net assets of Gwangjushinseg from 2013 to 2025. For live valuation and market cap data, see Gwangjushinseg market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩865.23 Billion ≈ $586.36 Million |
+3.36% |
| 2024-12-31 | ₩837.12 Billion ≈ $567.30 Million |
+2.19% |
| 2023-12-31 | ₩819.21 Billion ≈ $555.17 Million |
+3.71% |
| 2022-12-31 | ₩789.91 Billion ≈ $535.31 Million |
+5.91% |
| 2021-12-31 | ₩745.81 Billion ≈ $505.42 Million |
+6.81% |
| 2020-12-31 | ₩698.27 Billion ≈ $473.21 Million |
+5.61% |
| 2019-12-31 | ₩661.19 Billion ≈ $448.08 Million |
+6.53% |
| 2018-12-31 | ₩620.66 Billion ≈ $420.61 Million |
+7.13% |
| 2017-12-31 | ₩579.36 Billion ≈ $392.63 Million |
+8.44% |
| 2016-12-31 | ₩534.29 Billion ≈ $362.08 Million |
+8.73% |
| 2015-12-31 | ₩491.38 Billion ≈ $333.00 Million |
+9.53% |
| 2014-12-31 | ₩448.62 Billion ≈ $304.03 Million |
+9.77% |
| 2013-12-31 | ₩408.69 Billion ≈ $276.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gwangjushinseg'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 120.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩855.60 Billion | 98.89% |
| Other Components | ₩9.64 Billion | 1.11% |
| Total Equity | ₩865.23 Billion | 100.00% |
Gwangjushinseg Competitors by Market Cap
The table below lists competitors of Gwangjushinseg ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SEEING MACHINES LTD
F:M2Z
|
$193.21 Million |
|
Deep Value Driller AS
OL:DVD
|
$193.22 Million |
|
Pioneer Municipal High Income Advantage Trust
NYSE:MAV
|
$193.23 Million |
|
Sinar Mas Multiartha Tbk
JK:SMMA
|
$193.27 Million |
|
Invesco Pennsylvania Value Municipal Income Trust
NYSE:VPV
|
$193.02 Million |
|
Fiducian Group Ltd
AU:FID
|
$192.98 Million |
|
Bell Equipment Limited
JSE:BEL
|
$192.91 Million |
|
GD Express Carrier Bhd
KLSE:0078
|
$192.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gwangjushinseg's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 837,120,198,540 to 865,233,393,810, a change of 28,113,195,270 (3.4%).
- Net income of 44,466,516,130 contributed positively to equity growth.
- Dividend payments of 16,779,778,400 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩44.47 Billion | +5.14% |
| Dividends Paid | ₩16.78 Billion | -1.94% |
| Other Changes | ₩426.46 Million | +0.05% |
| Total Change | ₩- | 3.36% |
Book Value vs Market Value Analysis
This analysis compares Gwangjushinseg'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: 0.33x
- 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 increased from 0.10x to 0.33x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩362102.40 | ₩37350.00 | x |
| 2018-12-31 | ₩387910.45 | ₩37350.00 | x |
| 2019-12-31 | ₩415466.93 | ₩37350.00 | x |
| 2020-12-31 | ₩438765.38 | ₩37350.00 | x |
| 2021-12-31 | ₩468636.20 | ₩37350.00 | x |
| 2022-12-31 | ₩99269.94 | ₩37350.00 | x |
| 2023-12-31 | ₩102952.57 | ₩37350.00 | x |
| 2024-12-31 | ₩109754.99 | ₩37350.00 | x |
| 2025-12-31 | ₩113440.92 | ₩37350.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gwangjushinseg 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): 5.14%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.14%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.46x
- Recent ROE (5.14%) is below the historical average (7.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 11.88% | 23.51% | 0.31x | 1.61x | ₩7.70 Billion |
| 2014 | 9.41% | 20.62% | 0.31x | 1.46x | ₩-2.63 Billion |
| 2015 | 9.34% | 22.35% | 0.31x | 1.34x | ₩-3.24 Billion |
| 2016 | 8.53% | 21.65% | 0.32x | 1.23x | ₩-7.87 Billion |
| 2017 | 8.26% | 22.82% | 0.32x | 1.13x | ₩-10.09 Billion |
| 2018 | 7.27% | 33.35% | 0.19x | 1.12x | ₩-16.97 Billion |
| 2019 | 7.21% | 30.78% | 0.21x | 1.14x | ₩-18.45 Billion |
| 2020 | 6.18% | 29.26% | 0.19x | 1.12x | ₩-26.67 Billion |
| 2021 | 7.03% | 30.82% | 0.20x | 1.14x | ₩-22.19 Billion |
| 2022 | 7.21% | 30.80% | 0.20x | 1.16x | ₩-22.04 Billion |
| 2023 | 5.89% | 26.87% | 0.19x | 1.14x | ₩-33.66 Billion |
| 2024 | 5.52% | 25.15% | 0.15x | 1.47x | ₩-37.54 Billion |
| 2025 | 5.14% | 24.14% | 0.15x | 1.46x | ₩-42.06 Billion |
Industry Comparison
This section compares Gwangjushinseg's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $3,742,428,343,651
- Average return on equity (ROE) among peers: 5.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gwangjushinseg (037710) | ₩865.23 Billion | 11.88% | 0.46x | $193.06 Million |
| Shinsegae (004170) | $3.57 Trillion | 4.39% | 1.22x | $4.56 Billion |
| Daegu Dept Sto (006370) | $413.28 Billion | 1.41% | 0.55x | $27.01 Million |
| Gs Retail (007070) | $1.68 Trillion | 6.62% | 0.74x | $1.45 Billion |
| Lotte Shopping (023530) | $17.26 Trillion | 0.97% | 1.43x | $3.79 Billion |
| Savezone I C (067830) | $389.80 Billion | 7.40% | 0.44x | $63.46 Million |
| Hyundai Department (069960) | $2.87 Trillion | 8.27% | 0.64x | $2.91 Billion |
| JTC Inc (950170) | $12.07 Billion | 11.60% | 1.07x | $168.68 Million |
About Gwangjushinseg
Gwangju Shinsegae. Co. ,Ltd. operates department stores under the E-Mart name in South Korea. The company was formerly known as Gwangju Shinsegae Department Co., Ltd. and changed its name to Gwangju Shinsegae. Co. ,Ltd. in 2006. Gwangju Shinsegae. Co. ,Ltd. was founded in 1995 and is headquartered in Gwangju-si, South Korea. Gwangju Shinsegae. Co. ,Ltd. is a subsidiary of Shinsegae Inc.