Seah Holdings
SeAH Holdings Corporation, together with its subsidiaries, engages in the steel materials business in South Korea and internationally. The company offers welded steel pipes, such as heavy wall pipes, stainless and titanium pipes; special steel products; stainless steel wire rods, bars, and seamless steel pipes, including tool steel and mold steel; steel wire products; color coated steel sheet, ga… Read more
Seah Holdings (058650) - Net Assets
Latest net assets as of September 2025: ₩3.08 Trillion KRW
Based on the latest financial reports, Seah Holdings (058650) has net assets worth ₩3.08 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 (₩6.39 Trillion) and total liabilities (₩3.31 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 | ₩3.08 Trillion |
| % of Total Assets | 48.27% |
| Annual Growth Rate | 10.46% |
| 5-Year Change | 15.51% |
| 10-Year Change | 13.0% |
| Growth Volatility | 34.14 |
Seah Holdings - Net Assets Trend (2001–2024)
This chart illustrates how Seah Holdings's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Seah Holdings (2001–2024)
The table below shows the annual net assets of Seah Holdings from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩3.15 Trillion | +1.36% |
| 2023-12-31 | ₩3.11 Trillion | +3.43% |
| 2022-12-31 | ₩3.00 Trillion | +4.95% |
| 2021-12-31 | ₩2.86 Trillion | +4.98% |
| 2020-12-31 | ₩2.73 Trillion | -10.07% |
| 2019-12-31 | ₩3.03 Trillion | +0.83% |
| 2018-12-31 | ₩3.01 Trillion | -1.27% |
| 2017-12-31 | ₩3.05 Trillion | +4.17% |
| 2016-12-31 | ₩2.92 Trillion | +4.90% |
| 2015-12-31 | ₩2.79 Trillion | +19.93% |
| 2014-12-31 | ₩2.32 Trillion | +6.50% |
| 2013-12-31 | ₩2.18 Trillion | -0.14% |
| 2012-12-31 | ₩2.19 Trillion | +1.53% |
| 2011-12-31 | ₩2.15 Trillion | +46.55% |
| 2010-12-31 | ₩1.47 Trillion | +17.26% |
| 2009-12-31 | ₩1.25 Trillion | -1.16% |
| 2008-12-31 | ₩1.27 Trillion | +10.14% |
| 2007-12-31 | ₩1.15 Trillion | +5.66% |
| 2006-12-31 | ₩1.09 Trillion | +8.00% |
| 2005-12-31 | ₩1.01 Trillion | +15.70% |
| 2004-12-31 | ₩871.50 Billion | +4.06% |
| 2003-12-31 | ₩837.49 Billion | +165.67% |
| 2002-12-31 | ₩315.23 Billion | -1.44% |
| 2001-12-31 | ₩319.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seah Holdings'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 171470176565000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.71 Trillion | 78.01% |
| Other Components | ₩483.22 Billion | 21.99% |
| Total Equity | ₩2.20 Trillion | 100.00% |
Seah Holdings Competitors by Market Cap
The table below lists competitors of Seah Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lyko Group A
ST:LYKO-A
|
$90.20 Million |
|
AnaPass Inc
KQ:123860
|
$90.22 Million |
|
Cambi ASA
OL:CAMBI
|
$90.30 Million |
|
William Penn Bancorp Inc
NASDAQ:WMPN
|
$90.31 Million |
|
Yen Sun Technology
TWO:6275
|
$90.16 Million |
|
WILDBRAIN LTD VAR VTG
F:D6XV
|
$90.15 Million |
|
Raízen S.A.
SA:RAIZ4
|
$90.08 Million |
|
Hua Jung Components Co Ltd
TWO:5328
|
$90.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seah Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,148,801,427,340 to 2,197,926,383,840, a change of 49,124,956,500 (2.3%).
- Net income of 33,257,985,950 contributed positively to equity growth.
- Dividend payments of 32,985,240,810 reduced retained earnings.
- Share repurchases of 67,543,200 reduced equity.
- Other factors increased equity by 48,919,754,560.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩33.26 Billion | +1.51% |
| Dividends Paid | ₩32.99 Billion | -1.5% |
| Share Repurchases | ₩67.54 Million | -0.0% |
| Other Changes | ₩48.92 Billion | +2.23% |
| Total Change | ₩- | 2.29% |
Book Value vs Market Value Analysis
This analysis compares Seah Holdings'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: 0.27x
- 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 | ₩467055.23 | ₩152000.00 | x |
| 2018-12-31 | ₩484759.64 | ₩152000.00 | x |
| 2019-12-31 | ₩491513.31 | ₩152000.00 | x |
| 2020-12-31 | ₩466879.35 | ₩152000.00 | x |
| 2021-12-31 | ₩495979.49 | ₩152000.00 | x |
| 2022-12-31 | ₩530929.79 | ₩152000.00 | x |
| 2023-12-31 | ₩551471.47 | ₩152000.00 | x |
| 2024-12-31 | ₩564206.11 | ₩152000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seah Holdings 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): 1.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.55%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.78x
- Recent ROE (1.51%) is below the historical average (6.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.75% | 2.78% | 0.94x | 2.19x | ₩-10.27 Billion |
| 2003 | 7.52% | 3.96% | 0.32x | 6.02x | ₩-6.88 Billion |
| 2004 | 13.82% | 3.32% | 1.00x | 4.15x | ₩15.86 Billion |
| 2005 | 21.57% | 5.77% | 1.04x | 3.59x | ₩59.16 Billion |
| 2006 | 14.45% | 4.62% | 0.93x | 3.38x | ₩26.31 Billion |
| 2007 | 10.25% | 3.00% | 0.96x | 3.54x | ₩1.59 Billion |
| 2008 | 12.87% | 3.13% | 1.10x | 3.74x | ₩21.33 Billion |
| 2009 | 1.53% | 0.48% | 0.85x | 3.76x | ₩-63.53 Billion |
| 2010 | 14.39% | 3.79% | 1.07x | 3.53x | ₩39.34 Billion |
| 2011 | 9.61% | 3.03% | 1.11x | 2.86x | ₩-5.22 Billion |
| 2012 | 5.29% | 1.91% | 0.96x | 2.88x | ₩-65.50 Billion |
| 2013 | -0.03% | -0.01% | 0.94x | 2.81x | ₩-139.98 Billion |
| 2014 | 7.03% | 2.70% | 0.94x | 2.78x | ₩-44.33 Billion |
| 2015 | 7.60% | 2.86% | 0.78x | 3.40x | ₩-36.67 Billion |
| 2016 | 5.24% | 2.23% | 0.78x | 3.01x | ₩-81.79 Billion |
| 2017 | 7.20% | 2.80% | 0.91x | 2.81x | ₩-52.36 Billion |
| 2018 | 1.69% | 0.63% | 0.95x | 2.81x | ₩-161.10 Billion |
| 2019 | 1.57% | 0.63% | 0.90x | 2.78x | ₩-165.74 Billion |
| 2020 | -8.72% | -3.81% | 0.84x | 2.74x | ₩-347.81 Billion |
| 2021 | 2.53% | 0.82% | 1.08x | 2.84x | ₩-145.62 Billion |
| 2022 | 5.96% | 1.83% | 1.14x | 2.86x | ₩-83.64 Billion |
| 2023 | 3.82% | 1.28% | 1.11x | 2.69x | ₩-132.87 Billion |
| 2024 | 1.51% | 0.55% | 0.99x | 2.78x | ₩-186.53 Billion |
Industry Comparison
This section compares Seah Holdings's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $961,724,627,619
- Average return on equity (ROE) among peers: 4.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seah Holdings (058650) | ₩3.08 Trillion | 5.75% | 1.07x | $90.17 Million |
| Korea Cast Pip (000970) | $208.70 Billion | 2.82% | 0.40x | $54.93 Million |
| Manho Rope&Wir (001080) | $249.99 Billion | 1.17% | 0.10x | $6.38 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $2.03 Trillion | -14.66% | 1.82x | $74.34 Million |
| SeAH Bestee (001430) | $2.04 Trillion | 6.29% | 0.80x | $634.28 Million |
| Hanil Iron & S (002220) | $132.60 Billion | 0.00% | 0.47x | $27.57 Million |
| Kis Wire (002240) | $452.09 Billion | 8.63% | 0.53x | $130.32 Million |
| Dong Il Steel MFG Co Ltd (002690) | $129.80 Billion | 0.23% | 0.14x | $7.05 Million |
| Tcc Steel (002710) | $141.62 Billion | 5.11% | 1.26x | $167.65 Million |
| Seah Steel Corp (003030) | $601.59 Billion | 19.65% | 1.47x | $168.76 Million |
| Hyundai Steel (004020) | $3.63 Trillion | 12.98% | 1.05x | $2.03 Billion |