Korea Aerospace Industries (047810) - Net Assets
Based on the latest financial reports, Korea Aerospace Industries (047810) has net assets worth ₩1.84 Trillion KRW (≈ $1.25 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 (₩10.07 Trillion ≈ $6.83 Billion USD) and total liabilities (₩8.23 Trillion ≈ $5.58 Billion 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 Korea Aerospace Industries (047810) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.84 Trillion |
| % of Total Assets | 18.31% |
| Annual Growth Rate | 5.65% |
| 5-Year Change | 39.93% |
| 10-Year Change | 42.22% |
| Growth Volatility | 10.55 |
Korea Aerospace Industries - Net Assets Trend (2011–2024)
This chart illustrates how Korea Aerospace Industries's net assets have evolved over time, based on quarterly financial data. See Korea Aerospace Industries (047810) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Korea Aerospace Industries (2011–2024)
The table below shows the annual net assets of Korea Aerospace Industries from 2011 to 2024. For live valuation and market cap data, see how much is Korea Aerospace Industries worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.73 Trillion ≈ $1.17 Billion |
+6.62% |
| 2023-12-31 | ₩1.62 Trillion ≈ $1.10 Billion |
+11.47% |
| 2022-12-31 | ₩1.45 Trillion ≈ $984.82 Million |
+12.01% |
| 2021-12-31 | ₩1.30 Trillion ≈ $879.26 Million |
+5.12% |
| 2020-12-31 | ₩1.23 Trillion ≈ $836.45 Million |
+4.32% |
| 2019-12-31 | ₩1.18 Trillion ≈ $801.81 Million |
+12.37% |
| 2018-12-31 | ₩1.05 Trillion ≈ $713.54 Million |
-7.67% |
| 2017-12-31 | ₩1.14 Trillion ≈ $772.84 Million |
-21.11% |
| 2016-12-31 | ₩1.45 Trillion ≈ $979.65 Million |
+19.03% |
| 2015-12-31 | ₩1.21 Trillion ≈ $823.02 Million |
+21.36% |
| 2014-12-31 | ₩1.00 Trillion ≈ $678.16 Million |
+4.07% |
| 2013-12-31 | ₩961.56 Billion ≈ $651.64 Million |
+8.37% |
| 2012-12-31 | ₩887.34 Billion ≈ $601.33 Million |
+4.94% |
| 2011-12-31 | ₩845.57 Billion ≈ $573.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Korea Aerospace Industries'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 111101414654000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.11 Trillion | 65.13% |
| Other Components | ₩594.84 Billion | 34.87% |
| Total Equity | ₩1.71 Trillion | 100.00% |
Korea Aerospace Industries Competitors by Market Cap
The table below lists competitors of Korea Aerospace Industries ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fervo Energy Company Class A common stock
NASDAQ:FRVO
|
$10.05 Billion |
|
Hyundai Engineering & Construction
KO:000720
|
$10.05 Billion |
|
Yunnan Tin Co Ltd
SHE:000960
|
$10.05 Billion |
|
Hecla Mining Company
NYSE:HL
|
$10.05 Billion |
|
Banque Cantonale Vaudoise
SW:BCVN
|
$10.02 Billion |
|
Vietnam JSCmmercial Bank for Industry and Trade
VN:CTG
|
$10.02 Billion |
|
Aegon NV
AS:AGN
|
$10.02 Billion |
|
Fresenius Medical Care AG & Co. KGaA
XETRA:FME
|
$10.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea Aerospace Industries's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,597,412,953,600 to 1,705,857,243,030, a change of 108,444,289,430 (6.8%).
- Net income of 172,075,960,910 contributed positively to equity growth.
- Dividend payments of 48,737,553,500 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩172.08 Billion | +10.09% |
| Dividends Paid | ₩48.74 Billion | -2.86% |
| Other Changes | ₩-14.89 Billion | -0.87% |
| Total Change | ₩- | 6.79% |
Book Value vs Market Value Analysis
This analysis compares Korea Aerospace Industries'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: 8.69x
- 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 decreased from 12.99x to 8.69x 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 | ₩11699.45 | ₩152000.00 | x |
| 2018-12-31 | ₩10355.69 | ₩152000.00 | x |
| 2019-12-31 | ₩11714.34 | ₩152000.00 | x |
| 2020-12-31 | ₩12263.96 | ₩152000.00 | x |
| 2021-12-31 | ₩13023.07 | ₩152000.00 | x |
| 2022-12-31 | ₩14647.87 | ₩152000.00 | x |
| 2023-12-31 | ₩16387.91 | ₩152000.00 | x |
| 2024-12-31 | ₩17500.44 | ₩152000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea Aerospace Industries 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): 10.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.74%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 4.70x
- Recent ROE (10.09%) is above the historical average (8.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 8.68% | 5.71% | 0.73x | 2.08x | ₩-11.15 Billion |
| 2012 | 8.35% | 4.83% | 0.81x | 2.13x | ₩-14.65 Billion |
| 2013 | 9.37% | 4.47% | 1.02x | 2.06x | ₩-6.07 Billion |
| 2014 | 13.23% | 5.69% | 1.10x | 2.11x | ₩32.35 Billion |
| 2015 | 21.34% | 8.53% | 1.08x | 2.31x | ₩137.75 Billion |
| 2016 | 18.32% | 8.99% | 0.99x | 2.06x | ₩120.24 Billion |
| 2017 | -20.62% | -11.35% | 0.65x | 2.78x | ₩-349.23 Billion |
| 2018 | 5.67% | 2.07% | 0.73x | 3.72x | ₩-43.75 Billion |
| 2019 | 14.92% | 5.50% | 0.71x | 3.82x | ₩56.22 Billion |
| 2020 | 6.24% | 2.64% | 0.55x | 4.32x | ₩-44.92 Billion |
| 2021 | 5.03% | 2.49% | 0.44x | 4.61x | ₩-63.04 Billion |
| 2022 | 8.30% | 4.25% | 0.36x | 5.44x | ₩-24.32 Billion |
| 2023 | 14.02% | 5.87% | 0.53x | 4.47x | ₩64.28 Billion |
| 2024 | 10.09% | 4.74% | 0.45x | 4.70x | ₩1.49 Billion |
Industry Comparison
This section compares Korea Aerospace Industries's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,102,202,676,151
- Average return on equity (ROE) among peers: 4.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Aerospace Industries (047810) | ₩1.84 Trillion | 8.68% | 4.46x | $10.04 Billion |
| SNT Dynamics Co Ltd (003570) | $597.45 Billion | 1.40% | 0.39x | $661.37 Million |
| Korea Shipbuilding & Offshore Engineering Co Ltd (009540) | $2.78 Trillion | 0.00% | 2.40x | $20.18 Billion |
| Samsung Heavy Industries (010140) | $6.75 Trillion | -5.75% | 1.12x | $16.03 Billion |
| Firstec (010820) | $49.67 Billion | 1.51% | 0.92x | $249.30 Million |
| Hanwha Aerospace Co Ltd (012450) | $644.34 Billion | 3.62% | 2.35x | $34.87 Billion |
| Hanwha Ocean Co., Ltd (042660) | $1.27 Trillion | 20.40% | 1.83x | $25.98 Billion |
| LIG Nex1 Co Ltd (079550) | $577.08 Billion | 14.39% | 2.04x | $13.09 Billion |
| Hanwha Systems Co Ltd (272210) | $968.44 Billion | 7.53% | 1.49x | $12.18 Billion |
| Hyundai Heavy Industries Co Ltd (329180) | $5.29 Trillion | -6.66% | 2.08x | $48.65 Billion |
About Korea Aerospace Industries
Korea Aerospace Industries, Ltd. manufactures and sells fixed and rotary wing aircrafts, and airframe products in South Korea. The company develops supersonic jets; airfield controlled and basic trainer aircrafts; utility, police, maritime police agency, coast guard, forest, and fire-fighting helicopters; unmanned air vehicles; commercial and civil aircrafts; and aero structures. It also provides… Read more