Korea District Heating Corp
Korea District Heating Corp. engages in the district cooling and heating businesses in South Korea. It is also involved in the community energy system and electricity businesses. The company operates combined heat and power plants. In addition, it engages in the supply of new and renewable energy, such as photovoltaic, wind power, waste energy, woodchip, hydrogen energy and fuel cell, and others.… Read more
Korea District Heating Corp (071320) - Net Assets
Latest net assets as of September 2025: ₩2.22 Trillion KRW
Based on the latest financial reports, Korea District Heating Corp (071320) has net assets worth ₩2.22 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 (₩7.90 Trillion) and total liabilities (₩5.68 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 | ₩2.22 Trillion |
| % of Total Assets | 28.1% |
| Annual Growth Rate | 6.43% |
| 5-Year Change | 25.75% |
| 10-Year Change | 41.72% |
| Growth Volatility | 12.32 |
Korea District Heating Corp - Net Assets Trend (2009–2024)
This chart illustrates how Korea District Heating Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korea District Heating Corp (2009–2024)
The table below shows the annual net assets of Korea District Heating Corp from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩2.27 Trillion | +8.36% |
| 2023-12-31 | ₩2.09 Trillion | +25.57% |
| 2022-12-31 | ₩1.67 Trillion | -8.57% |
| 2021-12-31 | ₩1.82 Trillion | +1.08% |
| 2020-12-31 | ₩1.80 Trillion | +17.94% |
| 2019-12-31 | ₩1.53 Trillion | -1.97% |
| 2018-12-31 | ₩1.56 Trillion | -14.73% |
| 2017-12-31 | ₩1.83 Trillion | +1.37% |
| 2016-12-31 | ₩1.81 Trillion | +12.78% |
| 2013-12-31 | ₩1.60 Trillion | +5.08% |
| 2012-12-31 | ₩1.52 Trillion | +10.34% |
| 2011-12-31 | ₩1.38 Trillion | +25.28% |
| 2010-12-31 | ₩1.10 Trillion | +23.79% |
| 2009-12-31 | ₩890.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korea District Heating Corp'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 159983247240000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.60 Trillion | 70.57% |
| Other Components | ₩667.27 Billion | 29.43% |
| Total Equity | ₩2.27 Trillion | 100.00% |
Korea District Heating Corp Competitors by Market Cap
The table below lists competitors of Korea District Heating Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Protec Co. Ltd
KQ:053610
|
$152.60 Million |
|
Guangdong Nedfon Air System Co. Ltd.
SHE:301043
|
$152.61 Million |
|
North-Star International Co Ltd
TWO:8927
|
$152.61 Million |
|
Curexo Inc
KQ:060280
|
$152.63 Million |
|
Agilyx AS
OTCQX:AGXXF
|
$152.59 Million |
|
Taiwan Chinsan Electronic Industrial Co Ltd
TWO:8042
|
$152.58 Million |
|
American Rare Earths Limited
OTCGREY:AMRRY
|
$152.58 Million |
|
Cathay Consolidated Inc
TW:1342
|
$152.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea District Heating Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,088,465,548,020 to 2,267,100,154,210, a change of 178,634,606,190 (8.6%).
- Net income of 210,167,111,650 contributed positively to equity growth.
- Dividend payments of 19,595,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩210.17 Billion | +9.27% |
| Dividends Paid | ₩19.59 Billion | -0.86% |
| Other Changes | ₩-11.94 Billion | -0.53% |
| Total Change | ₩- | 8.55% |
Book Value vs Market Value Analysis
This analysis compares Korea District Heating Corp'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: 0.45x
- 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 decreased from 0.56x to 0.45x 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 | ₩158025.13 | ₩88400.00 | x |
| 2018-12-31 | ₩134742.81 | ₩88400.00 | x |
| 2019-12-31 | ₩132086.31 | ₩88400.00 | x |
| 2020-12-31 | ₩155779.83 | ₩88400.00 | x |
| 2021-12-31 | ₩157459.12 | ₩88400.00 | x |
| 2022-12-31 | ₩143556.73 | ₩88400.00 | x |
| 2023-12-31 | ₩180370.65 | ₩88400.00 | x |
| 2024-12-31 | ₩195798.45 | ₩88400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea District Heating Corp 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): 9.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.89%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 3.69x
- Recent ROE (9.27%) is above the historical average (3.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 17.46% | 12.04% | 0.39x | 3.72x | ₩64.88 Billion |
| 2010 | 8.84% | 6.28% | 0.41x | 3.41x | ₩-12.59 Billion |
| 2011 | 0.23% | 0.15% | 0.47x | 3.32x | ₩-134.74 Billion |
| 2012 | 9.66% | 5.24% | 0.57x | 3.21x | ₩-5.20 Billion |
| 2013 | 7.19% | 3.99% | 0.57x | 3.13x | ₩-45.02 Billion |
| 2016 | 7.02% | 7.37% | 0.34x | 2.84x | ₩-53.79 Billion |
| 2017 | 3.82% | 3.81% | 0.32x | 3.13x | ₩-113.10 Billion |
| 2018 | -14.52% | -9.11% | 0.44x | 3.63x | ₩-382.54 Billion |
| 2019 | -1.67% | -1.08% | 0.40x | 3.85x | ₩-178.52 Billion |
| 2020 | 1.55% | 1.33% | 0.35x | 3.37x | ₩-152.44 Billion |
| 2021 | 1.18% | 0.85% | 0.39x | 3.57x | ₩-160.86 Billion |
| 2022 | -11.06% | -4.41% | 0.56x | 4.50x | ₩-350.10 Billion |
| 2023 | 9.55% | 5.04% | 0.50x | 3.82x | ₩-9.44 Billion |
| 2024 | 9.27% | 5.89% | 0.43x | 3.69x | ₩-16.54 Billion |
Industry Comparison
This section compares Korea District Heating Corp's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $110,190,758,262
- Average return on equity (ROE) among peers: -33.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea District Heating Corp (071320) | ₩2.22 Trillion | 17.46% | 2.56x | $152.59 Million |
| Daehan Green Power Corporation (060900) | $11.62 Billion | -138.87% | 7.22x | $6.25 Million |
| GEOLIT ENERGY COLTD LTD (270520) | $58.43 Billion | -8.56% | 0.69x | $17.38 Million |
| Daemyoung Energy Co Ltd (389260) | $128.74 Billion | 6.05% | 1.87x | $49.84 Million |
| SK ETERNIX CO LT (475150) | $241.97 Billion | 9.25% | 2.02x | $528.14 Million |