Hankook Tire Co.
Hankook Tire & Technology Co., Ltd. manufactures and sells tires in South Korea and internationally. The company offers tires for electric vehicles, passenger cars, SUVs, light trucks, buses, and trucks under the iON, Ventus, Dynapro, Kinergy, Winter i*cept & Winter i*pike, Vantra, and Smart brand name. The company was formerly known as Hankook Tire Co., Ltd. and changed its name to Hankook Tire … Read more
Hankook Tire Co. (161390) - Net Assets
Latest net assets as of September 2025: ₩13.21 Trillion KRW
Based on the latest financial reports, Hankook Tire Co. (161390) has net assets worth ₩13.21 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩26.71 Trillion) and total liabilities (₩13.50 Trillion). 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 | ₩13.21 Trillion |
| % of Total Assets | 49.46% |
| Annual Growth Rate | 10.94% |
| 5-Year Change | 51.03% |
| 10-Year Change | 117.77% |
| Growth Volatility | 5.27 |
Hankook Tire Co. - Net Assets Trend (2012–2024)
This chart illustrates how Hankook Tire 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 Hankook Tire Co. (2012–2024)
The table below shows the annual net assets of Hankook Tire Co. from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩11.19 Trillion | +16.26% |
| 2023-12-31 | ₩9.63 Trillion | +8.49% |
| 2022-12-31 | ₩8.88 Trillion | +8.17% |
| 2021-12-31 | ₩8.21 Trillion | +10.70% |
| 2020-12-31 | ₩7.41 Trillion | +3.13% |
| 2019-12-31 | ₩7.19 Trillion | +5.85% |
| 2018-12-31 | ₩6.79 Trillion | +6.54% |
| 2017-12-31 | ₩6.37 Trillion | +6.91% |
| 2016-12-31 | ₩5.96 Trillion | +15.96% |
| 2015-12-31 | ₩5.14 Trillion | +13.82% |
| 2014-12-31 | ₩4.52 Trillion | +15.09% |
| 2013-12-31 | ₩3.92 Trillion | +21.81% |
| 2012-12-31 | ₩3.22 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hankook Tire 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 735441557177000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩7.35 Trillion | 66.25% |
| Other Components | ₩3.75 Trillion | 33.75% |
| Total Equity | ₩11.10 Trillion | 100.00% |
Hankook Tire Co. Competitors by Market Cap
The table below lists competitors of Hankook Tire Co. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Toyo Seikan Group Holdings Ltd
F:TQN
|
$2.60 Billion |
|
HNI Corp
NYSE:HNI
|
$2.61 Billion |
|
Sopra Steria Group SA
PINK:SPSAF
|
$2.61 Billion |
|
Euronet Worldwide Inc
NASDAQ:EEFT
|
$2.61 Billion |
|
Apple Hospitality REIT Inc
NYSE:APLE
|
$2.60 Billion |
|
PREMIUM BRANDS HLDGS(NEW)
F:5P7
|
$2.60 Billion |
|
Acushnet Holdings Corp
NYSE:GOLF
|
$2.60 Billion |
|
Dongxing Sec Co Ltd
SHG:601198
|
$2.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hankook Tire Co.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,552,508,438,540 to 11,100,370,242,880, a change of 1,547,861,804,340 (16.2%).
- Net income of 1,114,628,550,190 contributed positively to equity growth.
- Dividend payments of 158,680,246,100 reduced retained earnings.
- Other factors increased equity by 591,913,500,250.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.11 Trillion | +10.04% |
| Dividends Paid | ₩158.68 Billion | -1.43% |
| Other Changes | ₩591.91 Billion | +5.33% |
| Total Change | ₩- | 16.20% |
Book Value vs Market Value Analysis
This analysis compares Hankook Tire 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: 0.62x
- 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 1.10x to 0.62x 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 | ₩51340.60 | ₩56300.00 | x |
| 2018-12-31 | ₩54625.73 | ₩56300.00 | x |
| 2019-12-31 | ₩57784.51 | ₩56300.00 | x |
| 2020-12-31 | ₩60476.84 | ₩56300.00 | x |
| 2021-12-31 | ₩66955.10 | ₩56300.00 | x |
| 2022-12-31 | ₩72196.09 | ₩56300.00 | x |
| 2023-12-31 | ₩78306.47 | ₩56300.00 | x |
| 2024-12-31 | ₩90995.03 | ₩56300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hankook Tire 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): 10.04%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.84%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.43x
- Recent ROE (10.04%) is above the historical average (9.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 7.21% | 9.99% | 0.32x | 2.24x | ₩-89.64 Billion |
| 2013 | 18.84% | 10.44% | 0.91x | 1.99x | ₩346.17 Billion |
| 2014 | 15.53% | 10.48% | 0.80x | 1.84x | ₩249.26 Billion |
| 2015 | 12.77% | 10.20% | 0.68x | 1.85x | ₩141.99 Billion |
| 2016 | 14.67% | 13.18% | 0.69x | 1.62x | ₩277.91 Billion |
| 2017 | 9.42% | 8.79% | 0.72x | 1.50x | ₩-36.80 Billion |
| 2018 | 7.72% | 7.69% | 0.69x | 1.45x | ₩-154.34 Billion |
| 2019 | 5.86% | 6.09% | 0.68x | 1.42x | ₩-296.16 Billion |
| 2020 | 5.05% | 5.77% | 0.61x | 1.44x | ₩-365.41 Billion |
| 2021 | 7.32% | 8.37% | 0.61x | 1.43x | ₩-218.96 Billion |
| 2022 | 7.84% | 8.22% | 0.67x | 1.43x | ₩-190.46 Billion |
| 2023 | 7.54% | 8.06% | 0.70x | 1.34x | ₩-235.03 Billion |
| 2024 | 10.04% | 11.84% | 0.59x | 1.43x | ₩4.59 Billion |
Industry Comparison
This section compares Hankook Tire Co.'s net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hankook Tire Co. (161390) | ₩13.21 Trillion | 7.21% | 1.02x | $2.60 Billion |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |