Finebesteel
Fine besteel. Co., Ltd. offers steel products in South Korea. Its products include inverted, unequal, and equal angle products; channels; flat bars; sheet piles; and track shoe products. The company was founded in 2007 and is headquartered in Changnyeong-eup, South Korea.
Finebesteel (133820) - Net Assets
Latest net assets as of September 2025: ₩52.27 Billion KRW
Based on the latest financial reports, Finebesteel (133820) has net assets worth ₩52.27 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 (₩184.74 Billion) and total liabilities (₩132.46 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 | ₩52.27 Billion |
| % of Total Assets | 28.3% |
| Annual Growth Rate | -4.81% |
| 5-Year Change | -55.98% |
| 10-Year Change | -66.73% |
| Growth Volatility | 29.68 |
Finebesteel - Net Assets Trend (2013–2024)
This chart illustrates how Finebesteel's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Finebesteel (2013–2024)
The table below shows the annual net assets of Finebesteel from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩33.59 Billion | -48.31% |
| 2023-12-31 | ₩64.99 Billion | -16.96% |
| 2022-12-31 | ₩78.26 Billion | -1.55% |
| 2021-12-31 | ₩79.50 Billion | +4.16% |
| 2020-12-31 | ₩76.32 Billion | -17.17% |
| 2019-12-31 | ₩92.14 Billion | -8.55% |
| 2018-12-31 | ₩100.76 Billion | +1.13% |
| 2017-12-31 | ₩99.63 Billion | -2.01% |
| 2016-12-31 | ₩101.68 Billion | +0.71% |
| 2015-12-31 | ₩100.96 Billion | -3.84% |
| 2014-12-31 | ₩104.99 Billion | +81.69% |
| 2013-12-31 | ₩57.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Finebesteel'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 decreased by 526.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩77.89 Billion | 235.73% |
| Total Equity | ₩33.04 Billion | 100.00% |
Finebesteel Competitors by Market Cap
The table below lists competitors of Finebesteel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MaxsMaking Inc. Class A Ordinary Shares
NASDAQ:MAMK
|
$20.82 Million |
|
Daewoo Elec Co
KO:009320
|
$20.82 Million |
|
Integrated Solutions Technology, Inc.
TWO:6927
|
$20.83 Million |
|
Where Food Comes From Inc
NASDAQ:WFCF
|
$20.83 Million |
|
Fiducial Real Estate SA
PA:ORIA
|
$20.81 Million |
|
Damsan JSC
VN:ADS
|
$20.81 Million |
|
Genesis Scale Holdings Limited
F:92N0
|
$20.79 Million |
|
GenSight Biologics S.A
PINK:GSGTF
|
$20.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Finebesteel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 61,109,440,170 to 33,041,819,320, a change of -28,067,620,850 (-45.9%).
- Net loss of 27,501,956,290 reduced equity.
- New share issuances of 999,708,000 increased equity.
- Other factors decreased equity by 1,565,372,560.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-27.50 Billion | -83.23% |
| Share Issuances | ₩999.71 Million | +3.03% |
| Other Changes | ₩-1.57 Billion | -4.74% |
| Total Change | ₩- | -45.93% |
Book Value vs Market Value Analysis
This analysis compares Finebesteel'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 increased from 0.60x to 1.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ₩2281.01 | ₩1360.00 | x |
| 2014-12-31 | ₩3631.88 | ₩1360.00 | x |
| 2015-12-31 | ₩3256.13 | ₩1360.00 | x |
| 2016-12-31 | ₩3358.38 | ₩1360.00 | x |
| 2017-12-31 | ₩3257.15 | ₩1360.00 | x |
| 2018-12-31 | ₩3409.69 | ₩1360.00 | x |
| 2019-12-31 | ₩3122.71 | ₩1360.00 | x |
| 2020-12-31 | ₩2581.23 | ₩1360.00 | x |
| 2021-12-31 | ₩2501.26 | ₩1360.00 | x |
| 2022-12-31 | ₩2635.57 | ₩1360.00 | x |
| 2023-12-31 | ₩2042.56 | ₩1360.00 | x |
| 2024-12-31 | ₩1071.88 | ₩1360.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Finebesteel 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): -83.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.08%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 4.61x
- Recent ROE (-83.23%) is below the historical average (-7.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 29.33% | 7.56% | 1.11x | 3.51x | ₩11.17 Billion |
| 2014 | 17.40% | 7.10% | 1.02x | 2.41x | ₩7.77 Billion |
| 2015 | 1.20% | 0.57% | 0.96x | 2.21x | ₩-8.89 Billion |
| 2016 | 0.74% | 0.46% | 0.72x | 2.23x | ₩-9.41 Billion |
| 2017 | 1.11% | 0.86% | 0.59x | 2.17x | ₩-8.86 Billion |
| 2018 | 1.96% | 1.36% | 0.64x | 2.26x | ₩-8.10 Billion |
| 2019 | -8.13% | -5.56% | 0.64x | 2.29x | ₩-16.71 Billion |
| 2020 | -20.34% | -15.74% | 0.55x | 2.33x | ₩-23.15 Billion |
| 2021 | 2.99% | 1.91% | 0.68x | 2.30x | ₩-5.58 Billion |
| 2022 | -3.32% | -1.86% | 0.78x | 2.30x | ₩-10.43 Billion |
| 2023 | -28.21% | -13.04% | 0.69x | 3.11x | ₩-23.35 Billion |
| 2024 | -83.23% | -23.08% | 0.78x | 4.61x | ₩-30.81 Billion |
Industry Comparison
This section compares Finebesteel's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $961,724,627,619
- Average return on equity (ROE) among peers: 4.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Finebesteel (133820) | ₩52.27 Billion | 29.33% | 2.53x | $20.82 Million |
| Korea Cast Pip (000970) | $208.70 Billion | 2.82% | 0.40x | $54.93 Million |
| Manho Rope&Wir (001080) | $249.99 Billion | 1.17% | 0.10x | $6.38 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $2.03 Trillion | -14.66% | 1.82x | $74.34 Million |
| SeAH Bestee (001430) | $2.04 Trillion | 6.29% | 0.80x | $634.28 Million |
| Hanil Iron & S (002220) | $132.60 Billion | 0.00% | 0.47x | $27.57 Million |
| Kis Wire (002240) | $452.09 Billion | 8.63% | 0.53x | $130.32 Million |
| Dong Il Steel MFG Co Ltd (002690) | $129.80 Billion | 0.23% | 0.14x | $7.05 Million |
| Tcc Steel (002710) | $141.62 Billion | 5.11% | 1.26x | $167.65 Million |
| Seah Steel Corp (003030) | $601.59 Billion | 19.65% | 1.47x | $168.76 Million |
| Hyundai Steel (004020) | $3.63 Trillion | 12.98% | 1.05x | $2.03 Billion |