Daehan Steel
Daehan Steel Co., Ltd. engages in the manufacture and sale of steel products in South Korea and internationally. It offers square billets; deformed bars used as construction material for building concrete structures; processed rebars; and bars in coils for reducing the loss of rebar and enhancing productivity. The company was founded in 1954 and is headquartered in Busan, South Korea.
Daehan Steel (084010) - Net Assets
Latest net assets as of September 2025: ₩916.56 Billion KRW
Based on the latest financial reports, Daehan Steel (084010) has net assets worth ₩916.56 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.23 Trillion) and total liabilities (₩311.32 Billion). 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 | ₩916.56 Billion |
| % of Total Assets | 74.65% |
| Annual Growth Rate | 7.49% |
| 5-Year Change | 63.39% |
| 10-Year Change | 121.5% |
| Growth Volatility | 8.57 |
Daehan Steel - Net Assets Trend (2010–2024)
This chart illustrates how Daehan Steel's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Daehan Steel (2010–2024)
The table below shows the annual net assets of Daehan Steel from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩896.02 Billion | +6.17% |
| 2023-12-31 | ₩843.97 Billion | +5.70% |
| 2022-12-31 | ₩798.45 Billion | +10.86% |
| 2021-12-31 | ₩720.21 Billion | +31.33% |
| 2020-12-31 | ₩548.38 Billion | +18.68% |
| 2019-12-31 | ₩462.08 Billion | +6.25% |
| 2018-12-31 | ₩434.92 Billion | -5.59% |
| 2017-12-31 | ₩460.67 Billion | +4.65% |
| 2016-12-31 | ₩440.20 Billion | +8.82% |
| 2015-12-31 | ₩404.52 Billion | +8.59% |
| 2014-12-31 | ₩372.52 Billion | -0.60% |
| 2013-12-31 | ₩374.76 Billion | +2.90% |
| 2012-12-31 | ₩364.20 Billion | +10.57% |
| 2011-12-31 | ₩329.39 Billion | +1.12% |
| 2010-12-31 | ₩325.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Daehan Steel'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 81202171694000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩812.02 Billion | 104.41% |
| Total Equity | ₩777.72 Billion | 100.00% |
Daehan Steel Competitors by Market Cap
The table below lists competitors of Daehan Steel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agrometal S.A.I.
BA:AGRO
|
$54.06 Million |
|
DeviceENG.CO.Ltd
KQ:187870
|
$54.06 Million |
|
Markforged Holding Corp
NYSE:MKFG
|
$54.06 Million |
|
Huisen Shares Group Limited
PINK:HHIGF
|
$54.06 Million |
|
Spruce Power Holding Corp
NYSE:SPRU
|
$54.04 Million |
|
Envirosuite Ltd
AU:EVS
|
$54.03 Million |
|
SMCore.Inc
KQ:007820
|
$54.03 Million |
|
WULING MOTO.HLDGS HD-004
F:6LY
|
$54.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daehan Steel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 749,477,728,270 to 777,722,487,630, a change of 28,244,759,360 (3.8%).
- Net income of 37,522,545,840 contributed positively to equity growth.
- Dividend payments of 8,723,238,500 reduced retained earnings.
- Share repurchases of 6,344,863,090 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩37.52 Billion | +4.82% |
| Dividends Paid | ₩8.72 Billion | -1.12% |
| Share Repurchases | ₩6.34 Billion | -0.82% |
| Other Changes | ₩5.79 Billion | +0.74% |
| Total Change | ₩- | 3.77% |
Book Value vs Market Value Analysis
This analysis compares Daehan Steel'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.
- The price-to-book ratio has decreased from 0.59x to 0.27x 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 | ₩20446.40 | ₩11980.00 | x |
| 2018-12-31 | ₩19355.60 | ₩11980.00 | x |
| 2019-12-31 | ₩20463.39 | ₩11980.00 | x |
| 2020-12-31 | ₩22926.99 | ₩11980.00 | x |
| 2021-12-31 | ₩30114.38 | ₩11980.00 | x |
| 2022-12-31 | ₩38135.09 | ₩11980.00 | x |
| 2023-12-31 | ₩42848.89 | ₩11980.00 | x |
| 2024-12-31 | ₩44577.62 | ₩11980.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daehan Steel 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): 4.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.06%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.48x
- Recent ROE (4.82%) is below the historical average (7.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 4.79% | 1.94% | 1.23x | 2.01x | ₩-16.97 Billion |
| 2011 | 2.72% | 0.99% | 1.14x | 2.41x | ₩-23.99 Billion |
| 2012 | 8.52% | 2.96% | 1.35x | 2.14x | ₩-5.38 Billion |
| 2013 | 4.15% | 1.49% | 1.29x | 2.16x | ₩-21.94 Billion |
| 2014 | -0.22% | -0.08% | 1.34x | 2.08x | ₩-38.08 Billion |
| 2015 | 8.88% | 4.04% | 1.40x | 1.57x | ₩-4.53 Billion |
| 2016 | 9.12% | 4.45% | 1.34x | 1.53x | ₩-3.88 Billion |
| 2017 | 6.70% | 2.51% | 1.63x | 1.64x | ₩-15.18 Billion |
| 2018 | -3.94% | -1.51% | 1.73x | 1.51x | ₩-60.64 Billion |
| 2019 | 6.55% | 2.95% | 1.61x | 1.38x | ₩-15.87 Billion |
| 2020 | 9.85% | 4.45% | 1.16x | 1.91x | ₩-727.41 Million |
| 2021 | 21.79% | 6.97% | 1.65x | 1.90x | ₩76.61 Billion |
| 2022 | 17.73% | 5.86% | 1.75x | 1.72x | ₩54.77 Billion |
| 2023 | 9.61% | 4.97% | 1.30x | 1.49x | ₩-2.95 Billion |
| 2024 | 4.82% | 3.06% | 1.07x | 1.48x | ₩-40.25 Billion |
Industry Comparison
This section compares Daehan Steel'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 |
|---|---|---|---|---|
| Daehan Steel (084010) | ₩916.56 Billion | 4.79% | 0.34x | $54.04 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 |