Ajusteel Co. Ltd.
AJUSTEEL Co.,Ltd manufactures and sells steel products in South Korea and internationally. Its products portfolio includes color steel plates under the Dprint, SUsilke, and Silk names; layer structures, including products with enhanced metal-copper clad laminate; and fire doors, wallsteel panels, louvers, glass products, partitions, and half-finished goods for elevators and escalators under the A… Read more
Ajusteel Co. Ltd. (139990) - Net Assets
Latest net assets as of September 2025: ₩157.51 Billion KRW
Based on the latest financial reports, Ajusteel Co. Ltd. (139990) has net assets worth ₩157.51 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 (₩1.06 Trillion) and total liabilities (₩897.92 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 | ₩157.51 Billion |
| % of Total Assets | 14.92% |
| Annual Growth Rate | 9.51% |
| 5-Year Change | -7.05% |
| 10-Year Change | N/A |
| Growth Volatility | 49.4 |
Ajusteel Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Ajusteel 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 Ajusteel Co. Ltd. (2019–2024)
The table below shows the annual net assets of Ajusteel Co. Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩118.52 Billion | -44.50% |
| 2023-12-31 | ₩213.56 Billion | -10.07% |
| 2022-12-31 | ₩237.48 Billion | +0.36% |
| 2021-12-31 | ₩236.64 Billion | +85.59% |
| 2020-12-31 | ₩127.51 Billion | +69.50% |
| 2019-12-31 | ₩75.23 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ajusteel 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 decreased by 168.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩155.74 Billion | 131.41% |
| Total Equity | ₩118.52 Billion | 100.00% |
Ajusteel Co. Ltd. Competitors by Market Cap
The table below lists competitors of Ajusteel Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scan-D
TWO:6195
|
$19.23 Million |
|
Demco Public Company Limited
BK:DEMCO
|
$19.24 Million |
|
Neuphoria Therapeutics Inc
NASDAQ:NEUP
|
$19.24 Million |
|
STRATEGIC METALS (NEW)
F:3FL
|
$19.24 Million |
|
Base Carbon Inc
OTCQX:BCBNF
|
$19.23 Million |
|
Kaofu Chemical Corporation
TWO:4773
|
$19.23 Million |
|
ADVENTURE INC
F:6OQ
|
$19.22 Million |
|
As Commercial Industrial Company of Computers and Toys S.A.
AT:ASCO
|
$19.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ajusteel Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 220,425,787,370 to 118,518,413,410, a change of -101,907,373,960 (-46.2%).
- Net loss of 108,166,230,400 reduced equity.
- Share repurchases of 781,640 reduced equity.
- Other factors increased equity by 6,259,638,080.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-108.17 Billion | -91.27% |
| Share Repurchases | ₩781.64K | -0.0% |
| Other Changes | ₩6.26 Billion | +5.28% |
| Total Change | ₩- | -46.23% |
Book Value vs Market Value Analysis
This analysis compares Ajusteel 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: 0.69x
- 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 1.22x to 0.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₩2447.45 | ₩2985.00 | x |
| 2020-12-31 | ₩4256.88 | ₩2985.00 | x |
| 2021-12-31 | ₩8901.12 | ₩2985.00 | x |
| 2022-12-31 | ₩9134.93 | ₩2985.00 | x |
| 2023-12-31 | ₩8332.99 | ₩2985.00 | x |
| 2024-12-31 | ₩4326.21 | ₩2985.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ajusteel 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): -91.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.82%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 8.11x
- Recent ROE (-91.27%) is below the historical average (-9.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 20.53% | 2.92% | 1.58x | 4.45x | ₩7.57 Billion |
| 2020 | 10.23% | 2.25% | 1.41x | 3.24x | ₩287.22 Million |
| 2021 | 14.36% | 3.62% | 1.49x | 2.66x | ₩10.27 Billion |
| 2022 | 0.55% | 0.13% | 1.39x | 3.15x | ₩-22.82 Billion |
| 2023 | -14.25% | -3.35% | 0.94x | 4.52x | ₩-53.46 Billion |
| 2024 | -91.27% | -10.82% | 1.04x | 8.11x | ₩-120.02 Billion |
Industry Comparison
This section compares Ajusteel Co. Ltd.'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 |
|---|---|---|---|---|
| Ajusteel Co. Ltd. (139990) | ₩157.51 Billion | 20.53% | 5.70x | $19.23 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 |