GS Holdings (078930) - Net Assets
Based on the latest financial reports, GS Holdings (078930) has net assets worth ₩19.19 Trillion KRW (≈ $13.01 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩35.71 Trillion ≈ $24.20 Billion USD) and total liabilities (₩16.51 Trillion ≈ $11.19 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 tangible equity quality of GS Holdings to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩19.19 Trillion |
| % of Total Assets | 53.75% |
| Annual Growth Rate | 7.39% |
| 5-Year Change | 35.14% |
| 10-Year Change | 115.17% |
| Growth Volatility | 11.76 |
GS Holdings - Net Assets Trend (2004–2025)
This chart illustrates how GS Holdings's net assets have evolved over time, based on quarterly financial data. See 078930 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GS Holdings (2004–2025)
The table below shows the annual net assets of GS Holdings from 2004 to 2025. For live valuation and market cap data, see 078930 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩19.19 Trillion ≈ $13.01 Billion |
+3.92% |
| 2024-12-31 | ₩18.47 Trillion ≈ $12.52 Billion |
+4.80% |
| 2023-12-31 | ₩17.63 Trillion ≈ $11.94 Billion |
+6.90% |
| 2022-12-31 | ₩16.49 Trillion ≈ $11.17 Billion |
+16.09% |
| 2021-12-31 | ₩14.20 Trillion ≈ $9.63 Billion |
+32.04% |
| 2020-12-31 | ₩10.76 Trillion ≈ $7.29 Billion |
-2.21% |
| 2019-12-31 | ₩11.00 Trillion ≈ $7.45 Billion |
+4.51% |
| 2018-12-31 | ₩10.52 Trillion ≈ $7.13 Billion |
+8.92% |
| 2017-12-31 | ₩9.66 Trillion ≈ $6.55 Billion |
+8.32% |
| 2016-12-31 | ₩8.92 Trillion ≈ $6.05 Billion |
+10.16% |
| 2015-12-31 | ₩8.10 Trillion ≈ $5.49 Billion |
+12.19% |
| 2014-12-31 | ₩7.22 Trillion ≈ $4.89 Billion |
-2.78% |
| 2013-12-31 | ₩7.42 Trillion ≈ $5.03 Billion |
+3.51% |
| 2012-12-31 | ₩7.17 Trillion ≈ $4.86 Billion |
+5.65% |
| 2011-12-31 | ₩6.79 Trillion ≈ $4.60 Billion |
-31.32% |
| 2010-12-31 | ₩9.89 Trillion ≈ $6.70 Billion |
+18.05% |
| 2009-12-31 | ₩8.37 Trillion ≈ $5.67 Billion |
+14.79% |
| 2008-12-31 | ₩7.30 Trillion ≈ $4.94 Billion |
+21.09% |
| 2007-12-31 | ₩6.02 Trillion ≈ $4.08 Billion |
+8.00% |
| 2006-12-31 | ₩5.58 Trillion ≈ $3.78 Billion |
+11.23% |
| 2005-12-31 | ₩5.01 Trillion ≈ $3.40 Billion |
+16.66% |
| 2004-12-31 | ₩4.30 Trillion ≈ $2.91 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to GS 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 6130.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩15.15 Trillion | 103.05% |
| Total Equity | ₩14.70 Trillion | 100.00% |
GS Holdings Competitors by Market Cap
The table below lists competitors of GS Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Uxi Unicomp Technology Co. Ltd. A
SHG:688531
|
$4.41 Billion |
|
AZZ Incorporated
NYSE:AZZ
|
$4.41 Billion |
|
KEDA INDL GRP.C.LTD GDR A
F:T0T
|
$4.41 Billion |
|
Evolution Metals & Technologies Corp. Common Stock
NASDAQ:EMAT
|
$4.41 Billion |
|
Cousins Properties Incorporated
NYSE:CUZ
|
$4.40 Billion |
|
KONINKLIJKE VOP.UNSP.ADR
F:VPK
|
$4.40 Billion |
|
PTT GLBL CHEM.-NVDR- BA10
F:GCB1
|
$4.40 Billion |
|
Suven Pharmaceuticals Limited
NSE:SUVENPHAR
|
$4.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GS Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,076,817,000,000 to 14,703,329,000,000, a change of 626,512,000,000 (4.5%).
- Net income of 798,737,000,000 contributed positively to equity growth.
- Dividend payments of 412,862,000,000 reduced retained earnings.
- Other factors increased equity by 240,637,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩798.74 Billion | +5.43% |
| Dividends Paid | ₩412.86 Billion | -2.81% |
| Other Changes | ₩240.64 Billion | +1.64% |
| Total Change | ₩- | 4.45% |
Book Value vs Market Value Analysis
This analysis compares GS 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: 0.44x
- 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 0.84x to 0.44x 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 | ₩83213.98 | ₩70000.00 | x |
| 2018-12-31 | ₩91397.61 | ₩70000.00 | x |
| 2019-12-31 | ₩95567.50 | ₩70000.00 | x |
| 2020-12-31 | ₩89926.32 | ₩70000.00 | x |
| 2021-12-31 | ₩110754.17 | ₩70000.00 | x |
| 2022-12-31 | ₩131381.71 | ₩70000.00 | x |
| 2023-12-31 | ₩142064.74 | ₩70000.00 | x |
| 2024-12-31 | ₩151533.90 | ₩70000.00 | x |
| 2025-12-31 | ₩158278.17 | ₩70000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GS 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): 5.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.17%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.43x
- Recent ROE (5.43%) is below the historical average (9.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 12.46% | 2.45% | 0.89x | 5.69x | ₩47.55 Billion |
| 2005 | 16.35% | 1.70% | 1.70x | 5.66x | ₩146.77 Billion |
| 2006 | 15.33% | 1.64% | 1.67x | 5.58x | ₩139.52 Billion |
| 2007 | 13.17% | 1.35% | 1.42x | 6.88x | ₩88.95 Billion |
| 2008 | 3.13% | 0.28% | 1.74x | 6.51x | ₩-243.71 Billion |
| 2009 | 11.95% | 1.41% | 1.35x | 6.26x | ₩79.60 Billion |
| 2010 | 16.58% | 1.91% | 1.50x | 5.80x | ₩319.65 Billion |
| 2011 | 12.62% | 8.94% | 0.81x | 1.73x | ₩157.48 Billion |
| 2012 | 7.64% | 4.93% | 0.77x | 2.00x | ₩-149.63 Billion |
| 2013 | 5.34% | 3.66% | 0.76x | 1.92x | ₩-306.44 Billion |
| 2014 | -5.87% | -3.19% | 0.72x | 2.55x | ₩-937.62 Billion |
| 2015 | 7.80% | 4.04% | 0.64x | 3.01x | ₩-138.99 Billion |
| 2016 | 11.57% | 6.34% | 0.63x | 2.92x | ₩109.28 Billion |
| 2017 | 12.76% | 6.41% | 0.70x | 2.85x | ₩213.17 Billion |
| 2018 | 10.64% | 5.25% | 0.76x | 2.67x | ₩54.16 Billion |
| 2019 | 6.13% | 3.11% | 0.71x | 2.79x | ₩-343.81 Billion |
| 2020 | -2.91% | -1.57% | 0.63x | 2.93x | ₩-1.08 Trillion |
| 2021 | 14.08% | 7.16% | 0.65x | 3.03x | ₩420.14 Billion |
| 2022 | 17.23% | 7.45% | 0.85x | 2.73x | ₩899.11 Billion |
| 2023 | 9.67% | 5.01% | 0.75x | 2.56x | ₩-44.35 Billion |
| 2024 | 4.03% | 2.25% | 0.72x | 2.49x | ₩-840.66 Billion |
| 2025 | 5.43% | 3.17% | 0.71x | 2.43x | ₩-671.60 Billion |
Industry Comparison
This section compares GS Holdings's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $15,192,671,618,336
- Average return on equity (ROE) among peers: 2.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GS Holdings (078930) | ₩19.19 Trillion | 12.46% | 0.86x | $4.41 Billion |
| Samyang Holdings (000070) | $651.95 Billion | 5.59% | 0.48x | $285.67 Million |
| Doosan (000150) | $2.17 Trillion | 0.00% | 2.88x | $9.19 Billion |
| Doosan Pref Shs (000155) | $8.50 Trillion | 2.49% | 2.06x | $1.25 Billion |
| Doosan Co Ltd (000157) | $7.60 Trillion | 0.53% | 2.78x | $247.72 Million |
| Hanwha (000880) | $39.56 Trillion | 1.95% | 5.37x | $5.42 Billion |
| Hanwha Corp. Pfd. Series 1 (000885) | $18.51 Trillion | 1.16% | 9.33x | $5.70 Million |
| Hanwha Corp Preferred (00088K) | $39.56 Trillion | 1.95% | 5.37x | $516.12 Million |
| CJ Corp (001040) | $2.25 Trillion | 4.91% | 2.21x | $3.27 Billion |
| Cj Corp Pref (001045) | $15.40 Trillion | 0.56% | 1.60x | $112.68 Million |
| CJ Corp 4P Pref (00104K) | $17.73 Trillion | 1.14% | 1.72x | $473.70 Million |
About GS Holdings
GS Holdings Corp., together its subsidiaries, engages in the energy, power generation, retail, service, construction, and infrastructure businesses. The company supplies heating and cooling facilities; composite resin; electricity and steam by operating coal power plant and wind power farms; produces electricity through combined heat and power plant; provides LNG to power distribution companies; … Read more