Lock&Lock Co Ltd
Lock&Lock Co., Ltd. manufactures and sells kitchen household products in South Korea, China, Vietnam, and internationally. The company offers food storage containers, that includes the clear, bisfree modular plus, top and euro glass, classic, bisfree modular, bisfree tabletop, and biskfree stackable; rice storage containers, such as barohanggi glass, ceramic, and baby food containers; fermented f… Read more
Lock&Lock Co Ltd (115390) - Net Assets
Latest net assets as of September 2024: ₩528.12 Billion KRW
Based on the latest financial reports, Lock&Lock Co Ltd (115390) has net assets worth ₩528.12 Billion KRW as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩622.19 Billion) and total liabilities (₩94.07 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 | ₩528.12 Billion |
| % of Total Assets | 84.88% |
| Annual Growth Rate | 7.94% |
| 5-Year Change | -26.69% |
| 10-Year Change | -20.45% |
| Growth Volatility | 34.46 |
Lock&Lock Co Ltd - Net Assets Trend (2009–2023)
This chart illustrates how Lock&Lock 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 Lock&Lock Co Ltd (2009–2023)
The table below shows the annual net assets of Lock&Lock Co Ltd from 2009 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩501.46 Billion | -16.71% |
| 2022-12-31 | ₩602.08 Billion | -13.24% |
| 2021-12-31 | ₩693.95 Billion | +4.30% |
| 2020-12-31 | ₩665.33 Billion | -2.73% |
| 2019-12-31 | ₩684.01 Billion | +3.55% |
| 2018-12-31 | ₩660.54 Billion | +3.39% |
| 2017-12-31 | ₩638.90 Billion | -4.92% |
| 2016-12-31 | ₩671.99 Billion | +5.01% |
| 2015-12-31 | ₩639.93 Billion | +1.52% |
| 2014-12-31 | ₩630.37 Billion | +2.45% |
| 2013-12-31 | ₩615.27 Billion | +5.18% |
| 2012-12-31 | ₩584.97 Billion | +3.96% |
| 2011-12-31 | ₩562.71 Billion | +44.57% |
| 2010-12-31 | ₩389.22 Billion | +126.18% |
| 2009-12-31 | ₩172.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lock&Lock 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 48816205814000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩488.16 Billion | 97.39% |
| Other Components | ₩13.09 Billion | 2.61% |
| Total Equity | ₩501.25 Billion | 100.00% |
Lock&Lock Co Ltd Competitors by Market Cap
The table below lists competitors of Lock&Lock Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huahui Education Group Limited
OTCQB:HHEGF
|
$22.82 Million |
|
Tracxn Technologies Limited
NSE:TRACXN
|
$22.84 Million |
|
Teuton Resources Corp
PINK:TEUTF
|
$22.84 Million |
|
Quick Heal Technologies Limited
NSE:QUICKHEAL
|
$22.85 Million |
|
Flavor Full Foods Inc.
TWO:1260
|
$22.81 Million |
|
Shunfeng International Clean Energy Limited
PINK:SHUNF
|
$22.81 Million |
|
Youngsin Metal Industrial Co. Ltd
KQ:007530
|
$22.80 Million |
|
Sun Race Sturmey-Archer Inc
TW:1526
|
$22.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lock&Lock Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 601,920,932,310 to 501,251,235,830, a change of -100,669,696,480 (-16.7%).
- Net loss of 39,901,614,030 reduced equity.
- Dividend payments of 15,060,133,200 reduced retained earnings.
- Share repurchases of 40,074,381,960 reduced equity.
- Other factors decreased equity by 5,633,567,290.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-39.90 Billion | -7.96% |
| Dividends Paid | ₩15.06 Billion | -3.0% |
| Share Repurchases | ₩40.07 Billion | -7.99% |
| Other Changes | ₩-5.63 Billion | -1.12% |
| Total Change | ₩- | -16.72% |
Book Value vs Market Value Analysis
This analysis compares Lock&Lock 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: 0.75x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩11783.58 | ₩8660.00 | x |
| 2018-12-31 | ₩12187.85 | ₩8660.00 | x |
| 2019-12-31 | ₩12620.47 | ₩8660.00 | x |
| 2020-12-31 | ₩12548.42 | ₩8660.00 | x |
| 2021-12-31 | ₩13458.53 | ₩8660.00 | x |
| 2022-12-31 | ₩11990.35 | ₩8660.00 | x |
| 2023-12-31 | ₩11569.18 | ₩8660.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lock&Lock 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): -7.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.23%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.20x
- Recent ROE (-7.96%) is below the historical average (5.94%), 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 | 27.71% | 17.04% | 1.10x | 1.47x | ₩30.47 Billion |
| 2010 | 17.49% | 17.53% | 0.87x | 1.14x | ₩29.13 Billion |
| 2011 | 8.99% | 10.63% | 0.66x | 1.28x | ₩-5.65 Billion |
| 2012 | 10.24% | 11.78% | 0.67x | 1.30x | ₩1.40 Billion |
| 2013 | 7.33% | 8.98% | 0.63x | 1.30x | ₩-16.44 Billion |
| 2014 | 2.38% | 3.56% | 0.53x | 1.26x | ₩-48.02 Billion |
| 2015 | 1.96% | 3.08% | 0.54x | 1.18x | ₩-51.46 Billion |
| 2016 | 6.99% | 11.05% | 0.57x | 1.12x | ₩-20.19 Billion |
| 2017 | 5.47% | 8.36% | 0.58x | 1.13x | ₩-28.95 Billion |
| 2018 | 4.60% | 7.00% | 0.59x | 1.12x | ₩-35.64 Billion |
| 2019 | 2.39% | 3.37% | 0.61x | 1.17x | ₩-52.02 Billion |
| 2020 | 1.76% | 2.34% | 0.64x | 1.18x | ₩-54.79 Billion |
| 2021 | 2.33% | 2.98% | 0.65x | 1.20x | ₩-53.22 Billion |
| 2022 | -2.56% | -2.95% | 0.74x | 1.18x | ₩-75.58 Billion |
| 2023 | -7.96% | -8.23% | 0.81x | 1.20x | ₩-90.03 Billion |
Industry Comparison
This section compares Lock&Lock Co Ltd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $135,924,928,665
- Average return on equity (ROE) among peers: 8.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lock&Lock Co Ltd (115390) | ₩528.12 Billion | 27.71% | 0.18x | $22.82 Million |
| Shin Hwa Silup (001770) | $51.46 Billion | 21.03% | 0.72x | $7.22 Million |
| Export Packing (002200) | $216.92 Billion | -2.43% | 0.38x | $37.81 Million |
| Shin Poong Pap (002870) | $52.23 Billion | 16.72% | 2.20x | $13.09 Million |
| Sam Young Chem (003720) | $52.10 Billion | 5.19% | 1.61x | $118.93 Million |
| NPC Co. Ltd (004250) | $45.33 Billion | 10.07% | 0.26x | $36.66 Million |
| National Plastic Co Ltd Preferred (004255) | $261.01 Billion | 4.54% | 0.51x | $21.26 Million |
| Samhwa Crown (004450) | $115.04 Billion | 6.86% | 0.24x | $6.79 Million |
| Daeryuk Can Co. Ltd (004780) | $100.06 Billion | 9.61% | 0.54x | $19.33 Million |
| Wonlim Corp. (005820) | $143.93 Billion | 5.00% | 0.18x | $7.14 Million |
| Youlchon Chem (008730) | $321.19 Billion | 6.51% | 0.64x | $182.52 Million |