NEXTEEL Co., Ltd.
NEXTEEL Co., Ltd. manufactures and sells steel pipes in South Korea and internationally. It offers casing and tubing pipes for oil well boring and oil production; line pipes for oil, gas, and water transportation in oil and gas industry; carbon steel pipes for structural and mechanical purpose, as well as skelp pipes. The company also offers colored square pipes and steel pipes for civil, archite… Read more
NEXTEEL Co., Ltd. (092790) - Net Assets
Latest net assets as of September 2025: ₩466.50 Billion KRW
Based on the latest financial reports, NEXTEEL Co., Ltd. (092790) has net assets worth ₩466.50 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 (₩662.05 Billion) and total liabilities (₩195.55 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 | ₩466.50 Billion |
| % of Total Assets | 70.46% |
| Annual Growth Rate | 66.06% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 74.13 |
NEXTEEL Co., Ltd. - Net Assets Trend (2021–2024)
This chart illustrates how NEXTEEL Co., Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NEXTEEL Co., Ltd. (2021–2024)
The table below shows the annual net assets of NEXTEEL Co., Ltd. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩464.93 Billion | +4.49% |
| 2023-12-31 | ₩444.94 Billion | +55.98% |
| 2022-12-31 | ₩285.26 Billion | +181.04% |
| 2021-12-31 | ₩101.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to NEXTEEL 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 341.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩429.28 Billion | 92.34% |
| Other Components | ₩35.62 Billion | 7.66% |
| Total Equity | ₩464.91 Billion | 100.00% |
NEXTEEL Co., Ltd. Competitors by Market Cap
The table below lists competitors of NEXTEEL Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TCPL Packaging Limited
NSE:TCPLPACK
|
$80.47 Million |
|
AMREP Corporation
NYSE:AXR
|
$80.48 Million |
|
Quantafuel ASA
PINK:QNTFF
|
$80.52 Million |
|
Carindale Property Trust
AU:CDP
|
$80.54 Million |
|
Outbrain Inc
NASDAQ:OB
|
$80.45 Million |
|
ROUTE MOBILE LIMITED
NSE:ROUTE
|
$80.43 Million |
|
Trabzonspor Sportif Yatirim ve Futbol Isletmeciligi Ticaret AS
IS:TSPOR
|
$80.42 Million |
|
Unitika Ltd
PINK:UNIKF
|
$80.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NEXTEEL Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 444,944,994,280 to 464,905,978,600, a change of 19,960,984,320 (4.5%).
- Net income of 34,757,744,980 contributed positively to equity growth.
- Dividend payments of 18,201,400,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩34.76 Billion | +7.48% |
| Dividends Paid | ₩18.20 Billion | -3.92% |
| Other Changes | ₩3.40 Billion | +0.73% |
| Total Change | ₩- | 4.49% |
Book Value vs Market Value Analysis
This analysis compares NEXTEEL 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: 0.67x
- 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 3.06x to 0.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ₩3903.65 | ₩11960.00 | x |
| 2022-12-31 | ₩10970.88 | ₩11960.00 | x |
| 2023-12-31 | ₩17111.95 | ₩11960.00 | x |
| 2024-12-31 | ₩17879.62 | ₩11960.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NEXTEEL 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): 7.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.29%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.49x
- Recent ROE (7.48%) is below the historical average (21.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -1.11% | -0.27% | 1.02x | 4.10x | ₩-11.28 Billion |
| 2022 | 50.55% | 21.57% | 1.14x | 2.06x | ₩115.67 Billion |
| 2023 | 29.12% | 20.93% | 0.96x | 1.44x | ₩85.09 Billion |
| 2024 | 7.48% | 6.29% | 0.80x | 1.49x | ₩-11.73 Billion |
Industry Comparison
This section compares NEXTEEL Co., Ltd.'s net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $168,662,328,372
- Average return on equity (ROE) among peers: 7.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NEXTEEL Co., Ltd. (092790) | ₩466.50 Billion | -1.11% | 0.42x | $80.47 Million |
| Namsun Alumini (008350) | $74.23 Billion | 33.34% | 2.50x | $103.30 Million |
| Namsun Aluminium Co Ltd (008355) | $147.81 Billion | 14.71% | 0.93x | $866.35 Million |
| Dae Chang (012800) | $215.09 Billion | 2.35% | 1.68x | $42.19 Million |
| Sung Kwang Bend Co.Ltd (014620) | $469.07 Billion | 0.97% | 0.13x | $363.40 Million |
| Seowon (021050) | $124.00 Billion | -8.19% | 0.99x | $25.62 Million |
| Lee Ku Ind (025820) | $108.92 Billion | 1.97% | 1.52x | $57.19 Million |
| Nara Mold & Die Co. Ltd (051490) | $73.83 Billion | 5.99% | 1.13x | $23.31 Million |
| Posco C&C Stl (058430) | $204.96 Billion | 15.18% | 0.98x | $79.60 Million |
| Haisung TPC Co. Ltd. (059270) | $39.89 Billion | -1.95% | 0.09x | $56.97 Million |
| Kishin Corporation (092440) | $228.83 Billion | 8.10% | 0.07x | $13.16 Million |