Iljin Electric Co (103590) - Net Assets

Latest as of September 2025: ₩561.08 Billion KRW ≈ $380.23 Million USD

Based on the latest financial reports, Iljin Electric Co (103590) has net assets worth ₩561.08 Billion KRW (≈ $380.23 Million USD) 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 ≈ $922.70 Million USD) and total liabilities (₩800.47 Billion ≈ $542.47 Million USD). 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. Also explore how large is Iljin Electric Co's balance sheet for the complete picture of this company's asset base.

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. Check Iljin Electric Co (103590) tangible equity ratio to evaluate the tangible quality of the company's equity base.

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. For live valuation and market cap data, see 103590 market cap.

Year	Net Assets	Change
2024-12-31	₩500.31 Billion ≈ $339.05 Million	+34.80%
2023-12-31	₩371.14 Billion ≈ $251.52 Million	+7.61%
2022-12-31	₩344.90 Billion ≈ $233.74 Million	+6.76%
2021-12-31	₩323.06 Billion ≈ $218.93 Million	+4.59%
2020-12-31	₩308.88 Billion ≈ $209.33 Million	+1.70%
2019-12-31	₩303.72 Billion ≈ $205.83 Million	+1.13%
2018-12-31	₩300.32 Billion ≈ $203.53 Million	-5.55%
2017-12-31	₩317.97 Billion ≈ $215.48 Million	-0.61%
2016-12-31	₩319.91 Billion ≈ $216.80 Million	-0.42%
2015-12-31	₩321.27 Billion ≈ $217.72 Million	-2.12%
2014-12-31	₩328.24 Billion ≈ $222.44 Million	+2.23%
2013-12-31	₩321.09 Billion ≈ $217.60 Million	+1.41%
2012-12-31	₩316.62 Billion ≈ $214.57 Million	-5.12%
2011-12-31	₩333.72 Billion ≈ $226.15 Million	--

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
Tootsie Roll Industries Inc NYSE:TR	$1.68 Billion
Shanghai DaZhong Public Utilities Group Co Ltd SHG:600635	$1.68 Billion
PC Connection Inc NASDAQ:CNXN	$1.68 Billion
Shaanxi Ligeance Mineral Resources Co Ltd SHE:000697	$1.68 Billion
Hebei Hengshui Laobaigan Liquor Co Ltd SHG:600559	$1.68 Billion
RAPT Therapeutics Inc NASDAQ:RAPT	$1.68 Billion
Lindblad Expeditions Holdings Inc NASDAQ:LIND	$1.68 Billion
Okeanis Eco Tankers Corp. NYSE:ECO	$1.68 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: 4.96x
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 6.06x to 4.96x 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	₩52000.00	x
2018-12-31	₩8101.04	₩52000.00	x
2019-12-31	₩8192.77	₩52000.00	x
2020-12-31	₩8331.95	₩52000.00	x
2021-12-31	₩8714.26	₩52000.00	x
2022-12-31	₩9303.51	₩52000.00	x
2023-12-31	₩9466.65	₩52000.00	x
2024-12-31	₩10493.67	₩52000.00	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: $3,384,224,925,126
Average return on equity (ROE) among peers: 7.49%

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	$1.68 Billion
Kumho Electric (001210)	$186.87 Billion	15.10%	0.59x	$170.15 Million
Taihan Electric Wire Co Ltd (001440)	$1.12 Trillion	12.89%	1.30x	$2.92 Billion
Posco Chemical Co Ltd (003670)	$1.01 Trillion	10.04%	0.72x	$8.30 Billion
Sebang Global Battery Co Ltd (004490)	$1.25 Trillion	3.44%	0.35x	$465.94 Million
LS Corp (006260)	$3.01 Trillion	4.09%	2.33x	$5.02 Billion
Daewon Cable (006340)	$45.67 Billion	7.13%	1.90x	$679.02 Million
Daewon Cable Co. Ltd. Preference Shares (006345)	$76.70 Billion	1.80%	1.75x	$460.17 Million
Samsung SDI (006400)	$15.20 Trillion	7.70%	0.70x	$20.78 Billion
Samsung Sdi Co Pref (006405)	$10.96 Trillion	2.00%	0.36x	$169.16 Million
LS Electric (010120)	$993.46 Billion	10.75%	1.31x	$3.72 Billion

About Iljin Electric Co

KO:103590 Korea Electrical Equipment & Parts

Market Cap

$1.68 Billion

₩2.48 Trillion KRW

Market Cap Rank

#6682 Global

#153 in Korea

Share Price

₩52000.00

Change (1 day)

+13.91%

52-Week Range

₩33900.00 - ₩144100.00

All Time High

₩144100.00