Development Advance Solution Co Ltd (058730) - Net Assets
Based on the latest financial reports, Development Advance Solution Co Ltd (058730) has net assets worth ₩138.68 Billion KRW (≈ $93.98 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 (₩327.48 Billion ≈ $221.93 Million USD) and total liabilities (₩188.79 Billion ≈ $127.94 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 asset resilience ratio of Development Advance Solution Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩138.68 Billion |
| % of Total Assets | 42.35% |
| Annual Growth Rate | 6.32% |
| 5-Year Change | 10.64% |
| 10-Year Change | 33.34% |
| Growth Volatility | 11.02 |
Development Advance Solution Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Development Advance Solution Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 058730 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Development Advance Solution Co Ltd (2011–2025)
The table below shows the annual net assets of Development Advance Solution Co Ltd from 2011 to 2025. For live valuation and market cap data, see Development Advance Solution Co Ltd (058730) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩138.68 Billion ≈ $93.98 Million |
-6.66% |
| 2024-12-31 | ₩148.58 Billion ≈ $100.69 Million |
-3.59% |
| 2023-12-31 | ₩154.11 Billion ≈ $104.44 Million |
+7.60% |
| 2022-12-31 | ₩143.23 Billion ≈ $97.06 Million |
+14.26% |
| 2021-12-31 | ₩125.35 Billion ≈ $84.95 Million |
+4.92% |
| 2020-12-31 | ₩119.47 Billion ≈ $80.96 Million |
-3.12% |
| 2019-12-31 | ₩123.32 Billion ≈ $83.57 Million |
-2.67% |
| 2018-12-31 | ₩126.71 Billion ≈ $85.87 Million |
+4.87% |
| 2017-12-31 | ₩120.82 Billion ≈ $81.88 Million |
+16.17% |
| 2016-12-31 | ₩104.01 Billion ≈ $70.49 Million |
+23.05% |
| 2015-12-31 | ₩84.52 Billion ≈ $57.28 Million |
+9.96% |
| 2014-12-31 | ₩76.87 Billion ≈ $52.09 Million |
+30.71% |
| 2011-12-31 | ₩58.81 Billion ≈ $39.85 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Development Advance Solution 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 58594.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩88.14 Billion | 64.22% |
| Other Components | ₩49.10 Billion | 35.78% |
| Total Equity | ₩137.24 Billion | 100.00% |
Development Advance Solution Co Ltd Competitors by Market Cap
The table below lists competitors of Development Advance Solution Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ashmore Asset Management Indonesia
JK:AMOR
|
$45.76 Million |
|
LAVA Therapeutics NV
NASDAQ:LVTX
|
$45.77 Million |
|
Mercal Inmuebles Socimi SA
MC:YMEI
|
$45.78 Million |
|
Tuksu Engineering & ConstructionLtd
KQ:026150
|
$45.79 Million |
|
Freja eID Group AB
ST:FREJA
|
$45.73 Million |
|
Pyxis Tankers Inc
NASDAQ:PXS
|
$45.73 Million |
|
Playstudios Inc
NASDAQ:MYPS
|
$45.72 Million |
|
Groupe Partouche SA
PA:PAR
|
$45.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Development Advance Solution Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 144,887,665,280 to 137,235,848,370, a change of -7,651,816,910 (-5.3%).
- Net loss of 4,815,013,770 reduced equity.
- Dividend payments of 50,000,000 reduced retained earnings.
- Share repurchases of 3,444,354,810 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-4.82 Billion | -3.51% |
| Dividends Paid | ₩50.00 Million | -0.04% |
| Share Repurchases | ₩3.44 Billion | -2.51% |
| Other Changes | ₩657.55 Million | +0.48% |
| Total Change | ₩- | -5.28% |
Book Value vs Market Value Analysis
This analysis compares Development Advance Solution 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: 0.49x
- 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 | ₩7845.72 | ₩3855.00 | x |
| 2018-12-31 | ₩8297.95 | ₩3855.00 | x |
| 2019-12-31 | ₩8222.16 | ₩3855.00 | x |
| 2020-12-31 | ₩7955.79 | ₩3855.00 | x |
| 2021-12-31 | ₩7480.89 | ₩3855.00 | x |
| 2022-12-31 | ₩7407.67 | ₩3855.00 | x |
| 2023-12-31 | ₩8200.51 | ₩3855.00 | x |
| 2024-12-31 | ₩7969.08 | ₩3855.00 | x |
| 2025-12-31 | ₩7836.75 | ₩3855.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Development Advance Solution 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): -3.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.76%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 2.39x
- Recent ROE (-3.51%) is below the historical average (4.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 5.75% | 3.98% | 0.90x | 1.61x | ₩-2.39 Billion |
| 2014 | 8.25% | 5.68% | 1.05x | 1.38x | ₩-1.35 Billion |
| 2015 | 9.99% | 6.23% | 1.05x | 1.53x | ₩-6.79 Million |
| 2016 | 11.85% | 7.84% | 1.00x | 1.51x | ₩1.92 Billion |
| 2017 | 15.43% | 8.36% | 0.99x | 1.87x | ₩6.57 Billion |
| 2018 | 14.33% | 7.54% | 1.13x | 1.68x | ₩5.49 Billion |
| 2019 | 1.53% | 0.88% | 1.01x | 1.74x | ₩-10.44 Billion |
| 2020 | -6.69% | -3.52% | 0.90x | 2.11x | ₩-19.70 Billion |
| 2021 | -1.99% | -0.67% | 1.22x | 2.44x | ₩-14.65 Billion |
| 2022 | 1.09% | 0.40% | 1.09x | 2.48x | ₩-12.41 Billion |
| 2023 | 9.45% | 3.75% | 1.18x | 2.13x | ₩-822.07 Million |
| 2024 | -2.25% | -1.04% | 0.96x | 2.24x | ₩-17.75 Billion |
| 2025 | -3.51% | -1.76% | 0.83x | 2.39x | ₩-18.54 Billion |
Industry Comparison
This section compares Development Advance Solution Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $844,740,783,393
- Average return on equity (ROE) among peers: 3.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Development Advance Solution Co Ltd (058730) | ₩138.68 Billion | 5.75% | 1.36x | $45.75 Million |
| Korea Cast Pip (000970) | $224.35 Billion | 3.36% | 0.34x | $107.15 Million |
| Manho Rope&Wir (001080) | $145.98 Billion | 0.00% | 0.34x | $12.22 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $2.25 Trillion | -10.63% | 2.07x | $240.28 Million |
| SeAH Bestee (001430) | $2.04 Trillion | 6.29% | 0.80x | $1.83 Billion |
| Kisco Holdings (001940) | $1.50 Trillion | 5.33% | 0.16x | $231.09 Million |
| Hanil Iron & S (002220) | $177.76 Billion | 14.38% | 0.91x | $86.32 Million |
| Kis Wire (002240) | $617.89 Billion | 5.08% | 0.51x | $469.97 Million |
| Dong Il Steel MFG Co Ltd (002690) | $153.66 Billion | -0.31% | 0.12x | $22.23 Million |
| Tcc Steel (002710) | $119.49 Billion | 3.73% | 1.17x | $350.50 Million |
| Seah Steel Corp (003030) | $1.23 Trillion | 3.72% | 0.69x | $657.16 Million |
About Development Advance Solution Co Ltd
Development Advance Solution Co.,Ltd. installs steel frameworks and products in South Korea. The company's products for road safety facilities include test performance data, W guardrails, thrie beam guardrails, dual strength guardrails, open beam guardrails, bridge barrier, bikeway barriers, steel frame retaining wall, and other facilities; products for sound proof facilities comprise sound absor… Read more