GS Holdings Corp
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
GS Holdings Corp (078935) - Net Assets
Latest net assets as of September 2025: ₩18.81 Trillion KRW
Based on the latest financial reports, GS Holdings Corp (078935) has net assets worth ₩18.81 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 (₩35.68 Trillion) and total liabilities (₩16.87 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 | ₩18.81 Trillion |
| % of Total Assets | 52.73% |
| Annual Growth Rate | 9.85% |
| 5-Year Change | 71.71% |
| 10-Year Change | 128.09% |
| Growth Volatility | 8.64 |
GS Holdings Corp - Net Assets Trend (2014–2024)
This chart illustrates how GS Holdings 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 GS Holdings Corp (2014–2024)
The table below shows the annual net assets of GS Holdings Corp from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩18.47 Trillion | +4.80% |
| 2023-12-31 | ₩17.63 Trillion | +6.90% |
| 2022-12-31 | ₩16.49 Trillion | +16.09% |
| 2021-12-31 | ₩14.20 Trillion | +32.04% |
| 2020-12-31 | ₩10.76 Trillion | -2.21% |
| 2019-12-31 | ₩11.00 Trillion | +4.51% |
| 2018-12-31 | ₩10.52 Trillion | +8.92% |
| 2017-12-31 | ₩9.66 Trillion | +8.32% |
| 2016-12-31 | ₩8.92 Trillion | +10.16% |
| 2015-12-31 | ₩8.10 Trillion | +12.19% |
| 2014-12-31 | ₩7.22 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GS Holdings 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 226.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩14.46 Trillion | 102.71% |
| Total Equity | ₩14.08 Trillion | 100.00% |
GS Holdings Corp Competitors by Market Cap
The table below lists competitors of GS Holdings Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Teway Food Group Co Ltd
SHG:603317
|
$1.61 Billion |
|
Enagas SA
PINK:ENGGY
|
$1.61 Billion |
|
Calumet Specialty Products Partners
NASDAQ:CLMT
|
$1.61 Billion |
|
VEIDEKKE ASA NK 050
F:VK4
|
$1.61 Billion |
|
Boralex Inc
PINK:BRLXF
|
$1.61 Billion |
|
Betsson AB
PINK:BTSBF
|
$1.61 Billion |
|
Allied Gold Corporation
NYSE:AAUC
|
$1.61 Billion |
|
Zhejiang XinAn Chemical Industrial Group Co Ltd
SHG:600596
|
$1.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GS Holdings Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,450,004,000,000 to 14,076,817,000,000, a change of 626,813,000,000 (4.7%).
- Net income of 567,020,000,000 contributed positively to equity growth.
- Dividend payments of 407,069,000,000 reduced retained earnings.
- Other factors increased equity by 466,862,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩567.02 Billion | +4.03% |
| Dividends Paid | ₩407.07 Billion | -2.89% |
| Other Changes | ₩466.86 Billion | +3.32% |
| Total Change | ₩- | 4.66% |
Book Value vs Market Value Analysis
This analysis compares GS Holdings 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: 0.35x
- 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 0.64x to 0.35x 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 | ₩53000.00 | x |
| 2018-12-31 | ₩91397.61 | ₩53000.00 | x |
| 2019-12-31 | ₩95567.50 | ₩53000.00 | x |
| 2020-12-31 | ₩89926.32 | ₩53000.00 | x |
| 2021-12-31 | ₩110754.17 | ₩53000.00 | x |
| 2022-12-31 | ₩131381.71 | ₩53000.00 | x |
| 2023-12-31 | ₩142064.74 | ₩53000.00 | x |
| 2024-12-31 | ₩151533.90 | ₩53000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GS Holdings 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): 4.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.24%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.49x
- Recent ROE (4.03%) is below the historical average (7.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -5.88% | -3.19% | 0.72x | 2.56x | ₩-936.72 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% | 2.24% | 0.72x | 2.49x | ₩-840.66 Billion |
Industry Comparison
This section compares GS Holdings Corp's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $6,874,284,637,072
- Average return on equity (ROE) among peers: 3.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GS Holdings Corp (078935) | ₩18.81 Trillion | -5.88% | 0.90x | $1.61 Billion |
| Samyang Holdings (000070) | $566.05 Billion | 10.71% | 0.76x | $186.18 Million |
| Doosan (000150) | $2.56 Trillion | 0.11% | 3.72x | $7.78 Billion |
| Doosan Pref Shs (000155) | $7.90 Trillion | 2.49% | 2.63x | $3.90 Billion |
| Doosan Co Ltd (000157) | $7.60 Trillion | 0.53% | 2.78x | $833.50 Million |
| Hanwha Corp. Pfd. Series 1 (000885) | $14.23 Trillion | 3.46% | 9.88x | $738.15 Million |
| Hanwha Corp Preferred (00088K) | $16.95 Trillion | 2.76% | 9.00x | $901.07 Million |
| CJ Corp (001040) | $16.46 Trillion | 1.67% | 1.55x | $1.93 Billion |
| Kg Chemical (001390) | $98.65 Billion | 11.48% | 1.59x | $129.33 Million |
| SK Networks Co Ltd (001740) | $2.35 Trillion | 1.42% | 2.08x | $339.37 Million |
| Hanchang (005110) | $20.40 Billion | 0.00% | 0.61x | $12.60 Million |