Iljin Electric Co
Iljin Electric Co.,Ltd engages in the production of transmission and distribution of power equipment. It offers transformers, high voltage GIS, medium voltage GIS, and isolated pulse busducts; switches, recloser, and cubicle type GIS; transmission line and rail-way fittings; and digital protection relay, intelligent ELCB, and digital electric power meters. The company also provides conductors, co… Read more
Iljin Electric Co (103590) - Net Assets
Latest net assets as of September 2025: ₩561.08 Billion KRW
Based on the latest financial reports, Iljin Electric Co (103590) has net assets worth ₩561.08 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 (₩1.36 Trillion) and total liabilities (₩800.47 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 | ₩561.08 Billion |
| % of Total Assets | 41.21% |
| Annual Growth Rate | 3.16% |
| 5-Year Change | 61.97% |
| 10-Year Change | 55.73% |
| Growth Volatility | 9.78 |
Iljin Electric Co - Net Assets Trend (2011–2024)
This chart illustrates how Iljin Electric Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Iljin Electric Co (2011–2024)
The table below shows the annual net assets of Iljin Electric Co from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩500.31 Billion | +34.80% |
| 2023-12-31 | ₩371.14 Billion | +7.61% |
| 2022-12-31 | ₩344.90 Billion | +6.76% |
| 2021-12-31 | ₩323.06 Billion | +4.59% |
| 2020-12-31 | ₩308.88 Billion | +1.70% |
| 2019-12-31 | ₩303.72 Billion | +1.13% |
| 2018-12-31 | ₩300.32 Billion | -5.55% |
| 2017-12-31 | ₩317.97 Billion | -0.61% |
| 2016-12-31 | ₩319.91 Billion | -0.42% |
| 2015-12-31 | ₩321.27 Billion | -2.12% |
| 2014-12-31 | ₩328.24 Billion | +2.23% |
| 2013-12-31 | ₩321.09 Billion | +1.41% |
| 2012-12-31 | ₩316.62 Billion | -5.12% |
| 2011-12-31 | ₩333.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Iljin Electric Co'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 45.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩232.43 Billion | 46.46% |
| Other Components | ₩267.88 Billion | 53.54% |
| Total Equity | ₩500.31 Billion | 100.00% |
Iljin Electric Co Competitors by Market Cap
The table below lists competitors of Iljin Electric Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avis Budget Group Inc
NASDAQ:CAR
|
$1.33 Billion |
|
Fabege AB (publ)
PINK:FBGGF
|
$1.33 Billion |
|
Rendong Holdings Co Ltd
SHE:002647
|
$1.33 Billion |
|
Tangshan Sanyou Chemical Industries Co Ltd
SHG:600409
|
$1.33 Billion |
|
GCI Liberty, Inc.
NASDAQ:GLIBK
|
$1.33 Billion |
|
ENAV SpA
F:ENV
|
$1.33 Billion |
|
West African Resources Limited
PINK:WFRSF
|
$1.33 Billion |
|
Orange Polska S.A
PINK:PTTWF
|
$1.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Iljin Electric Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 371,142,176,210 to 500,309,704,000, a change of 129,167,527,790 (34.8%).
- Net income of 46,193,258,000 contributed positively to equity growth.
- New share issuances of 92,914,059,000 increased equity.
- Other factors decreased equity by 9,939,789,210.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩46.19 Billion | +9.23% |
| Share Issuances | ₩92.91 Billion | +18.57% |
| Other Changes | ₩-9.94 Billion | -1.99% |
| Total Change | ₩- | 34.80% |
Book Value vs Market Value Analysis
This analysis compares Iljin Electric Co'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: 7.84x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.60x to 7.84x 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 | ₩8577.01 | ₩82300.00 | x |
| 2018-12-31 | ₩8101.04 | ₩82300.00 | x |
| 2019-12-31 | ₩8192.77 | ₩82300.00 | x |
| 2020-12-31 | ₩8331.95 | ₩82300.00 | x |
| 2021-12-31 | ₩8714.26 | ₩82300.00 | x |
| 2022-12-31 | ₩9303.51 | ₩82300.00 | x |
| 2023-12-31 | ₩9466.65 | ₩82300.00 | x |
| 2024-12-31 | ₩10493.67 | ₩82300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Iljin Electric Co 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): 9.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.93%
- • Asset Turnover: 1.26x
- • Equity Multiplier: 2.50x
- Recent ROE (9.23%) is above the historical average (3.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 1.55% | 0.57% | 1.05x | 2.60x | ₩-27.13 Billion |
| 2014 | 3.93% | 1.67% | 0.97x | 2.42x | ₩-19.93 Billion |
| 2015 | 2.59% | 1.17% | 0.97x | 2.29x | ₩-23.79 Billion |
| 2016 | 0.44% | 0.21% | 0.93x | 2.28x | ₩-30.57 Billion |
| 2017 | -0.66% | -0.27% | 1.01x | 2.38x | ₩-33.88 Billion |
| 2018 | -4.81% | -1.97% | 0.94x | 2.59x | ₩-44.48 Billion |
| 2019 | 1.19% | 0.54% | 0.86x | 2.57x | ₩-26.77 Billion |
| 2020 | 1.56% | 0.68% | 0.90x | 2.56x | ₩-26.07 Billion |
| 2021 | 4.63% | 1.60% | 1.11x | 2.59x | ₩-17.36 Billion |
| 2022 | 7.02% | 2.08% | 1.39x | 2.43x | ₩-10.27 Billion |
| 2023 | 9.31% | 2.77% | 1.34x | 2.50x | ₩-2.57 Billion |
| 2024 | 9.23% | 2.93% | 1.26x | 2.50x | ₩-3.84 Billion |
Industry Comparison
This section compares Iljin Electric Co's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,118,791,584,782
- Average return on equity (ROE) among peers: 4.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Iljin Electric Co (103590) | ₩561.08 Billion | 1.55% | 1.43x | $1.33 Billion |
| Kumho Electric (001210) | $270.12 Billion | 2.72% | 1.03x | $23.17 Million |
| Taihan Electric Wire Co Ltd (001440) | $1.50 Trillion | 4.71% | 0.77x | $2.26 Billion |
| Posco Chemical Co Ltd (003670) | $538.22 Billion | 6.42% | 0.33x | $5.06 Billion |
| Sebang Global Battery Co Ltd (004490) | $1.05 Trillion | 7.43% | 0.43x | $226.71 Million |
| LS Corp (006260) | $1.07 Trillion | 6.58% | 1.36x | $3.28 Billion |
| Daewon Cable (006340) | $113.85 Billion | 5.97% | 0.99x | $220.30 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $91.60 Billion | 1.48% | 1.69x | $70.84 Million |
| Samsung SDI (006400) | $13.36 Trillion | 4.30% | 0.61x | $16.78 Billion |
| Samsung Sdi Co Pref (006405) | $11.83 Trillion | -0.71% | 0.35x | $7.96 Billion |
| LS Electric (010120) | $1.36 Trillion | 7.62% | 0.86x | $8.62 Billion |