Hanwha Ocean Co., Ltd
Hanwha Ocean Co., Ltd. operates as a shipbuilding and offshore contractor in South Korea and internationally. The company offers commercial vessels, including tankers, container carriers, bulk carriers, ore carriers, liquefied natural gas (LNG) and liquefied petroleum gas carriers, LNG floating storage regasification units, chemical carriers, and other vessels; and FLNG, fixed platforms, and dril… Read more
Hanwha Ocean Co., Ltd (042660) - Net Assets
Latest net assets as of September 2025: ₩5.48 Trillion KRW
Based on the latest financial reports, Hanwha Ocean Co., Ltd (042660) has net assets worth ₩5.48 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 (₩18.53 Trillion) and total liabilities (₩13.06 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 | ₩5.48 Trillion |
| % of Total Assets | 29.55% |
| Annual Growth Rate | 8.83% |
| 5-Year Change | 25.7% |
| 10-Year Change | 1014.23% |
| Growth Volatility | 120.34 |
Hanwha Ocean Co., Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Hanwha Ocean Co., Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hanwha Ocean Co., Ltd (2000–2024)
The table below shows the annual net assets of Hanwha Ocean Co., Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩4.86 Trillion | +12.78% |
| 2023-12-31 | ₩4.31 Trillion | +478.83% |
| 2022-12-31 | ₩744.97 Billion | -66.41% |
| 2021-12-31 | ₩2.22 Trillion | -42.68% |
| 2020-12-31 | ₩3.87 Trillion | +3.04% |
| 2019-12-31 | ₩3.75 Trillion | -2.22% |
| 2018-12-31 | ₩3.84 Trillion | +28.41% |
| 2017-12-31 | ₩2.99 Trillion | +353.56% |
| 2016-12-31 | ₩659.38 Billion | +51.07% |
| 2015-12-31 | ₩436.48 Billion | -85.16% |
| 2014-12-31 | ₩2.94 Trillion | -23.67% |
| 2013-12-31 | ₩3.85 Trillion | -15.37% |
| 2012-12-31 | ₩4.55 Trillion | +1.16% |
| 2011-12-31 | ₩4.50 Trillion | +15.74% |
| 2010-12-31 | ₩3.89 Trillion | +27.56% |
| 2009-12-31 | ₩3.05 Trillion | +71.11% |
| 2008-12-31 | ₩1.78 Trillion | +2.82% |
| 2007-12-31 | ₩1.73 Trillion | +7.38% |
| 2006-12-31 | ₩1.61 Trillion | +11.05% |
| 2005-12-31 | ₩1.45 Trillion | -18.31% |
| 2004-12-31 | ₩1.78 Trillion | +24.93% |
| 2003-12-31 | ₩1.42 Trillion | +12.17% |
| 2002-12-31 | ₩1.27 Trillion | +60.45% |
| 2001-12-31 | ₩791.36 Billion | +24.01% |
| 2000-12-31 | ₩638.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanwha Ocean Co., Ltd'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 21752027899200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩217.52 Billion | 4.48% |
| Common Stock | ₩1.54 Trillion | 31.64% |
| Other Components | ₩3.10 Trillion | 63.89% |
| Total Equity | ₩4.86 Trillion | 100.00% |
Hanwha Ocean Co., Ltd Competitors by Market Cap
The table below lists competitors of Hanwha Ocean Co., Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Ensign Group Inc
NASDAQ:ENSG
|
$11.71 Billion |
|
ASR Nederland NV
AS:ASRNL
|
$11.72 Billion |
|
Guotai Junan Securities Co. Ltd
PINK:GUOSF
|
$11.73 Billion |
|
EVE Energy
SHE:300014
|
$11.74 Billion |
|
Centrais Electricas Brasileiras SA
NYSE:EBR
|
$11.68 Billion |
|
Carlsberg A/S
PINK:CABJF
|
$11.67 Billion |
|
Crown Holdings Inc
NYSE:CCK
|
$11.67 Billion |
|
Link Real Estate Investment Trust
PINK:LKREF
|
$11.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanwha Ocean Co., Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,307,452,654,470 to 4,858,676,068,260, a change of 551,223,413,790 (12.8%).
- Net income of 528,119,120,120 contributed positively to equity growth.
- Other comprehensive income decreased equity by 2,910,178,505,180.
- Other factors increased equity by 2,933,282,798,850.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩528.12 Billion | +10.87% |
| Other Comprehensive Income | ₩-2.91 Trillion | -59.9% |
| Other Changes | ₩2.93 Trillion | +60.37% |
| Total Change | ₩- | 12.80% |
Book Value vs Market Value Analysis
This analysis compares Hanwha Ocean Co., Ltd'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: 9.95x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.44x to 9.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | ₩92303.24 | ₩132700.00 | x |
| 2008-12-31 | ₩101334.83 | ₩132700.00 | x |
| 2009-12-31 | ₩172034.94 | ₩132700.00 | x |
| 2010-12-31 | ₩213756.92 | ₩132700.00 | x |
| 2011-12-31 | ₩242358.61 | ₩132700.00 | x |
| 2012-12-31 | ₩247168.76 | ₩132700.00 | x |
| 2013-12-31 | ₩211709.84 | ₩132700.00 | x |
| 2014-12-31 | ₩166713.23 | ₩132700.00 | x |
| 2015-12-31 | ₩39496.48 | ₩132700.00 | x |
| 2016-12-31 | ₩47361.08 | ₩132700.00 | x |
| 2017-12-31 | ₩27273.30 | ₩132700.00 | x |
| 2018-12-31 | ₩23327.30 | ₩132700.00 | x |
| 2019-12-31 | ₩30445.16 | ₩132700.00 | x |
| 2020-12-31 | ₩20368.03 | ₩132700.00 | x |
| 2021-12-31 | ₩17966.21 | ₩132700.00 | x |
| 2022-12-31 | ₩6035.54 | ₩132700.00 | x |
| 2023-12-31 | ₩19840.87 | ₩132700.00 | x |
| 2024-12-31 | ₩13330.75 | ₩132700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanwha Ocean Co., Ltd 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): 10.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.90%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 3.67x
- Recent ROE (10.87%) is above the historical average (-33.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.93% | 6.95% | 0.25x | 5.23x | ₩-6.68 Billion |
| 2001 | 20.69% | 5.14% | 0.93x | 4.31x | ₩83.06 Billion |
| 2002 | 20.61% | 7.42% | 0.97x | 2.86x | ₩133.37 Billion |
| 2003 | 18.10% | 5.72% | 1.10x | 2.87x | ₩114.00 Billion |
| 2004 | 13.74% | 4.88% | 0.89x | 3.17x | ₩65.67 Billion |
| 2005 | 0.33% | 0.10% | 0.88x | 3.94x | ₩-139.08 Billion |
| 2006 | 3.67% | 1.03% | 0.87x | 4.08x | ₩-101.33 Billion |
| 2007 | 17.32% | 3.85% | 0.82x | 5.47x | ₩127.75 Billion |
| 2008 | 13.61% | 2.13% | 0.70x | 9.09x | ₩69.10 Billion |
| 2009 | 18.97% | 4.66% | 0.80x | 5.07x | ₩291.67 Billion |
| 2010 | 18.88% | 5.86% | 0.85x | 3.78x | ₩358.74 Billion |
| 2011 | 14.98% | 4.94% | 0.83x | 3.64x | ₩228.27 Billion |
| 2012 | 4.75% | 1.58% | 0.87x | 3.45x | ₩-245.27 Billion |
| 2013 | -16.40% | -4.46% | 0.84x | 4.35x | ₩-1.06 Trillion |
| 2014 | -24.88% | -5.07% | 0.84x | 5.88x | ₩-1.10 Trillion |
| 2015 | -427.89% | -21.29% | 0.79x | 25.52x | ₩-3.27 Trillion |
| 2016 | -266.25% | -21.33% | 0.85x | 14.67x | ₩-2.84 Trillion |
| 2017 | 18.31% | 5.60% | 0.97x | 3.37x | ₩282.15 Billion |
| 2018 | 8.98% | 3.57% | 0.81x | 3.10x | ₩-39.30 Billion |
| 2019 | -1.24% | -0.56% | 0.74x | 3.00x | ₩-421.97 Billion |
| 2020 | 2.24% | 1.23% | 0.68x | 2.67x | ₩-300.32 Billion |
| 2021 | -76.65% | -37.89% | 0.42x | 4.79x | ₩-1.92 Trillion |
| 2022 | -234.21% | -35.90% | 0.40x | 16.42x | ₩-1.82 Trillion |
| 2023 | 3.71% | 2.16% | 0.53x | 3.24x | ₩-270.86 Billion |
| 2024 | 10.87% | 4.90% | 0.60x | 3.67x | ₩42.25 Billion |
Industry Comparison
This section compares Hanwha Ocean Co., Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,264,773,932,311
- Average return on equity (ROE) among peers: 1.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanwha Ocean Co., Ltd (042660) | ₩5.48 Trillion | 8.93% | 2.38x | $11.69 Billion |
| SNT Dynamics Co Ltd (003570) | $770.53 Billion | 6.94% | 0.53x | $326.62 Million |
| Korea Shipbuilding & Offshore Engineering Co Ltd (009540) | $3.51 Trillion | 3.93% | 2.90x | $13.16 Billion |
| Samsung Heavy Industries (010140) | $3.72 Trillion | -39.87% | 2.48x | $12.25 Billion |
| Firstec (010820) | $68.65 Billion | 3.77% | 0.92x | $133.88 Million |
| Hanwha Aerospace Co Ltd (012450) | $2.64 Trillion | 1.23% | 1.81x | $22.01 Billion |
| Korea Aerospace Industries (047810) | $845.57 Billion | 8.68% | 1.08x | $7.66 Billion |
| LIG Nex1 Co Ltd (079550) | $1.05 Trillion | 16.63% | 2.63x | $6.45 Billion |
| Hanwha Systems Co Ltd (272210) | $2.42 Trillion | 18.80% | 1.37x | $6.94 Billion |
| Hyundai Heavy Industries Co Ltd (329180) | $5.36 Trillion | -8.05% | 1.57x | $10.96 Billion |