Hansae Co
Hansae Co., Ltd. manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti. It exports its products to the United States and other countries. The company was founded in 1982 and is headquartered in Seoul, South Korea. Hansae Co., Ltd. operates as a subsidiary of Hansae Yes24 Holdings Co., Ltd.
Hansae Co (105630) - Net Assets
Latest net assets as of September 2025: ₩723.06 Billion KRW
Based on the latest financial reports, Hansae Co (105630) has net assets worth ₩723.06 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 (₩1.55 Trillion) and total liabilities (₩825.57 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 | ₩723.06 Billion |
| % of Total Assets | 46.69% |
| Annual Growth Rate | 12.52% |
| 5-Year Change | 68.43% |
| 10-Year Change | 66.74% |
| Growth Volatility | 13.97 |
Hansae Co - Net Assets Trend (2009–2024)
This chart illustrates how Hansae 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 Hansae Co (2009–2024)
The table below shows the annual net assets of Hansae Co from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩709.67 Billion | +10.25% |
| 2023-12-31 | ₩643.69 Billion | +19.85% |
| 2022-12-31 | ₩537.09 Billion | +15.65% |
| 2021-12-31 | ₩464.42 Billion | +10.22% |
| 2020-12-31 | ₩421.35 Billion | -7.40% |
| 2019-12-31 | ₩455.00 Billion | -7.64% |
| 2018-12-31 | ₩492.66 Billion | -14.11% |
| 2017-12-31 | ₩573.58 Billion | +1.77% |
| 2016-12-31 | ₩563.61 Billion | +32.43% |
| 2015-12-31 | ₩425.60 Billion | +28.62% |
| 2014-12-31 | ₩330.89 Billion | +21.61% |
| 2013-12-31 | ₩272.10 Billion | +16.10% |
| 2012-12-31 | ₩234.36 Billion | +24.22% |
| 2011-12-31 | ₩188.67 Billion | +29.49% |
| 2010-12-31 | ₩145.70 Billion | +20.52% |
| 2009-12-31 | ₩120.89 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hansae 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 984.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩611.44 Billion | 86.16% |
| Other Components | ₩98.23 Billion | 13.84% |
| Total Equity | ₩709.67 Billion | 100.00% |
Hansae Co Competitors by Market Cap
The table below lists competitors of Hansae Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kuvva Gida Ticaret ve Sanayi Yatirimlari A.S.
IS:KUVVA
|
$107.13 Million |
|
LIMES SCHLOSSKLINIK. O.N.
F:LIK
|
$107.14 Million |
|
Bionet
TWO:1784
|
$107.18 Million |
|
Tavia Acquisition Corp. Unit
NASDAQ:TAVIU
|
$107.18 Million |
|
Nongshim Holdi
KO:072710
|
$107.03 Million |
|
Steelcast Limited
NSE:STEELCAS
|
$106.97 Million |
|
Desktop Metal Inc
NYSE:DM
|
$106.96 Million |
|
Grupo Empresas Navieras SA
SN:NAVIERA
|
$106.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hansae Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 643,694,359,720 to 709,665,754,070, a change of 65,971,394,350 (10.2%).
- Net income of 58,036,509,420 contributed positively to equity growth.
- Dividend payments of 19,691,419,500 reduced retained earnings.
- Other factors increased equity by 27,626,304,430.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩58.04 Billion | +8.18% |
| Dividends Paid | ₩19.69 Billion | -2.77% |
| Other Changes | ₩27.63 Billion | +3.89% |
| Total Change | ₩- | 10.25% |
Book Value vs Market Value Analysis
This analysis compares Hansae 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: 0.68x
- 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 1.01x to 0.68x 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 | ₩12122.19 | ₩12210.00 | x |
| 2018-12-31 | ₩10505.69 | ₩12210.00 | x |
| 2019-12-31 | ₩10137.46 | ₩12210.00 | x |
| 2020-12-31 | ₩10737.96 | ₩12210.00 | x |
| 2021-12-31 | ₩11835.46 | ₩12210.00 | x |
| 2022-12-31 | ₩13687.40 | ₩12210.00 | x |
| 2023-12-31 | ₩16344.54 | ₩12210.00 | x |
| 2024-12-31 | ₩18019.67 | ₩12210.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hansae 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): 8.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 1.26x
- • Equity Multiplier: 2.01x
- Recent ROE (8.18%) is below the historical average (15.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 46.62% | 6.83% | 2.77x | 2.46x | ₩44.27 Billion |
| 2010 | 19.19% | 3.23% | 2.38x | 2.50x | ₩13.39 Billion |
| 2011 | 26.33% | 4.99% | 1.94x | 2.73x | ₩30.79 Billion |
| 2012 | 22.47% | 4.66% | 1.93x | 2.50x | ₩29.21 Billion |
| 2013 | 15.66% | 3.44% | 1.81x | 2.51x | ₩15.40 Billion |
| 2014 | 18.66% | 4.70% | 1.68x | 2.37x | ₩28.66 Billion |
| 2015 | 24.30% | 6.52% | 1.60x | 2.33x | ₩60.87 Billion |
| 2016 | 10.43% | 3.03% | 1.22x | 2.82x | ₩1.93 Billion |
| 2017 | 9.09% | 2.53% | 1.43x | 2.51x | ₩-4.32 Billion |
| 2018 | -12.31% | -2.96% | 1.46x | 2.84x | ₩-91.98 Billion |
| 2019 | -0.06% | -0.01% | 1.63x | 2.97x | ₩-40.03 Billion |
| 2020 | 10.66% | 2.64% | 1.66x | 2.42x | ₩2.78 Billion |
| 2021 | 14.50% | 4.03% | 1.37x | 2.62x | ₩20.90 Billion |
| 2022 | 15.94% | 3.88% | 1.78x | 2.31x | ₩31.93 Billion |
| 2023 | 17.41% | 6.56% | 1.38x | 1.92x | ₩47.67 Billion |
| 2024 | 8.18% | 3.23% | 1.26x | 2.01x | ₩-12.93 Billion |
Industry Comparison
This section compares Hansae Co's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $209,700,898,505
- Average return on equity (ROE) among peers: 7.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hansae Co (105630) | ₩723.06 Billion | 46.62% | 1.14x | $107.06 Million |
| BYC Co Ltd (001465) | $378.12 Billion | 3.49% | 0.83x | $50.34 Million |
| Vivien Corp (002070) | $138.99 Billion | 0.12% | 0.40x | $10.53 Million |
| Kuk Dong (005320) | $28.64 Billion | 31.07% | 2.12x | $15.40 Million |
| Shinsung Tngsn (005390) | $230.85 Billion | 2.26% | 1.99x | $10.03 Million |
| Shinyoung Waco (005800) | $251.88 Billion | 6.83% | 0.12x | $26.78 Million |
| F&F Holdings Co. Ltd (007700) | $189.53 Billion | 7.38% | 0.70x | $40.03 Million |
| Pan-Pacific (007980) | $241.92 Billion | 9.16% | 2.11x | $38.87 Million |
| Willbes (008600) | $126.89 Billion | 2.17% | 0.93x | $13.89 Million |
| Shinwon (009270) | $213.79 Billion | 2.77% | 1.55x | $51.58 Million |
| Youngone Holdi (009970) | $296.42 Billion | 11.43% | 0.61x | $813.72 Million |