Poongsan
Poongsan Corporation develops, manufactures, markets, exports, and sells fabricated non-ferrous metal, commercial ammunition, and defense products in South Korea and internationally. It offers copper and copper alloy sheets, strips, rods, bars, and wires, as well as alloy tubes, and coin blanks; leadframe materials; stainless steel strips; and tin-plated strips and precision forgings. The company… Read more
Poongsan (103140) - Net Assets
Latest net assets as of September 2025: ₩2.26 Trillion KRW
Based on the latest financial reports, Poongsan (103140) has net assets worth ₩2.26 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 (₩4.24 Trillion) and total liabilities (₩1.99 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 | ₩2.26 Trillion |
| % of Total Assets | 53.19% |
| Annual Growth Rate | 7.44% |
| 5-Year Change | 52.05% |
| 10-Year Change | 101.22% |
| Growth Volatility | 6.13 |
Poongsan - Net Assets Trend (2008–2024)
This chart illustrates how Poongsan's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Poongsan (2008–2024)
The table below shows the annual net assets of Poongsan from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩2.20 Trillion | +11.87% |
| 2023-12-31 | ₩1.97 Trillion | +6.72% |
| 2022-12-31 | ₩1.84 Trillion | +9.29% |
| 2021-12-31 | ₩1.69 Trillion | +16.54% |
| 2020-12-31 | ₩1.45 Trillion | +4.52% |
| 2019-12-31 | ₩1.38 Trillion | +0.33% |
| 2018-12-31 | ₩1.38 Trillion | +5.36% |
| 2017-12-31 | ₩1.31 Trillion | +6.02% |
| 2016-12-31 | ₩1.23 Trillion | +12.98% |
| 2015-12-31 | ₩1.09 Trillion | +4.26% |
| 2014-12-31 | ₩1.05 Trillion | +5.64% |
| 2013-12-31 | ₩992.39 Billion | +2.59% |
| 2012-12-31 | ₩967.38 Billion | +2.57% |
| 2011-12-31 | ₩943.17 Billion | -2.62% |
| 2010-12-31 | ₩968.58 Billion | +14.93% |
| 2009-12-31 | ₩842.73 Billion | +20.87% |
| 2008-12-31 | ₩697.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Poongsan'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 2087876.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.49 Trillion | 67.78% |
| Other Components | ₩708.63 Billion | 32.22% |
| Total Equity | ₩2.20 Trillion | 100.00% |
Poongsan Competitors by Market Cap
The table below lists competitors of Poongsan ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vizsla Resources Corp
NYSE MKT:VZLA
|
$1.16 Billion |
|
GEK TERNA Holdings Real Estate Construction S.A
PINK:GKTRF
|
$1.17 Billion |
|
Shanghai M&G Stationery Inc
SHG:603899
|
$1.17 Billion |
|
Haw Par Corporation Limited
PINK:HAWPF
|
$1.17 Billion |
|
Playtech plc
PINK:PYTCF
|
$1.16 Billion |
|
Mizuno Corporation
F:MIZ
|
$1.16 Billion |
|
Beijing Watertek Information Technology Co Ltd
SHE:300324
|
$1.16 Billion |
|
Thai Union Group Public Company Limited
PINK:THFRF
|
$1.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Poongsan's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,965,954,520,490 to 2,199,301,948,900, a change of 233,347,428,410 (11.9%).
- Net income of 236,045,982,790 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩236.05 Billion | +10.73% |
| Other Changes | ₩-2.70 Billion | -0.12% |
| Total Change | ₩- | 11.87% |
Book Value vs Market Value Analysis
This analysis compares Poongsan'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: 1.27x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.20x to 1.27x 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 | ₩46659.63 | ₩102500.00 | x |
| 2018-12-31 | ₩49164.48 | ₩102500.00 | x |
| 2019-12-31 | ₩49326.91 | ₩102500.00 | x |
| 2020-12-31 | ₩51560.82 | ₩102500.00 | x |
| 2021-12-31 | ₩60099.21 | ₩102500.00 | x |
| 2022-12-31 | ₩67365.35 | ₩102500.00 | x |
| 2023-12-31 | ₩71975.34 | ₩102500.00 | x |
| 2024-12-31 | ₩80518.40 | ₩102500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Poongsan 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): 10.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.18%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.86x
- Recent ROE (10.73%) is above the historical average (8.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 17.79% | 6.98% | 0.98x | 2.59x | ₩65.48 Billion |
| 2010 | 15.44% | 5.51% | 1.11x | 2.53x | ₩52.57 Billion |
| 2011 | 4.32% | 1.41% | 1.10x | 2.79x | ₩-53.40 Billion |
| 2012 | 6.38% | 2.12% | 1.10x | 2.73x | ₩-34.89 Billion |
| 2013 | 6.10% | 2.00% | 1.13x | 2.71x | ₩-38.64 Billion |
| 2014 | 7.03% | 2.45% | 1.05x | 2.73x | ₩-31.04 Billion |
| 2015 | 4.73% | 1.83% | 1.08x | 2.39x | ₩-57.52 Billion |
| 2016 | 11.16% | 4.86% | 1.04x | 2.20x | ₩14.31 Billion |
| 2017 | 11.52% | 5.11% | 1.08x | 2.09x | ₩19.85 Billion |
| 2018 | 4.50% | 2.23% | 1.04x | 1.94x | ₩-75.73 Billion |
| 2019 | 1.28% | 0.72% | 0.96x | 1.85x | ₩-120.56 Billion |
| 2020 | 4.98% | 2.77% | 1.02x | 1.77x | ₩-72.54 Billion |
| 2021 | 14.45% | 6.93% | 1.11x | 1.87x | ₩74.97 Billion |
| 2022 | 9.52% | 4.01% | 1.29x | 1.85x | ₩-8.86 Billion |
| 2023 | 7.96% | 3.79% | 1.13x | 1.86x | ₩-40.16 Billion |
| 2024 | 10.73% | 5.18% | 1.11x | 1.86x | ₩16.12 Billion |
Industry Comparison
This section compares Poongsan'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 |
|---|---|---|---|---|
| Poongsan (103140) | ₩2.26 Trillion | 17.79% | 0.88x | $1.16 Billion |
| 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 |