Haesung DS Co Ltd
HAESUNG DS Co., Ltd. manufactures and sells semiconductor components in South Korea and internationally. The company offers lead frames for use in automotive, mobile device, personal computer, industrial, power, and consumer electronics applications; package substrates for use in AI, personal computer, server, SSD, IOT, mobile, and graphic card applications; tape substances for use in payment car… Read more
Haesung DS Co Ltd (195870) - Net Assets
Latest net assets as of September 2025: ₩556.97 Billion KRW
Based on the latest financial reports, Haesung DS Co Ltd (195870) has net assets worth ₩556.97 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 (₩884.50 Billion) and total liabilities (₩327.52 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 | ₩556.97 Billion |
| % of Total Assets | 62.97% |
| Annual Growth Rate | 18.3% |
| 5-Year Change | 139.94% |
| 10-Year Change | 367.73% |
| Growth Volatility | 14.02 |
Haesung DS Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Haesung DS 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 Haesung DS Co Ltd (2014–2024)
The table below shows the annual net assets of Haesung DS Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩556.28 Billion | +8.00% |
| 2023-12-31 | ₩515.05 Billion | +15.15% |
| 2022-12-31 | ₩447.30 Billion | +51.98% |
| 2021-12-31 | ₩294.31 Billion | +26.95% |
| 2020-12-31 | ₩231.84 Billion | +11.17% |
| 2019-12-31 | ₩208.54 Billion | +6.20% |
| 2018-12-31 | ₩196.36 Billion | +8.43% |
| 2017-12-31 | ₩181.09 Billion | +12.23% |
| 2016-12-31 | ₩161.35 Billion | +35.67% |
| 2015-12-31 | ₩118.93 Billion | +14.82% |
| 2014-12-31 | ₩103.58 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Haesung DS 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 2133.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩448.97 Billion | 80.71% |
| Other Components | ₩107.30 Billion | 19.29% |
| Total Equity | ₩556.28 Billion | 100.00% |
Haesung DS Co Ltd Competitors by Market Cap
The table below lists competitors of Haesung DS Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Furong Technology Co Ltd
SHG:603327
|
$379.44 Million |
|
Yuancheng Cable Co Ltd
SHE:002692
|
$379.44 Million |
|
Bridgewater Bancshares Inc
NASDAQ:BWB
|
$379.47 Million |
|
Zhejiang Viewshine Intelligent Meter Co Ltd
SHE:002849
|
$379.51 Million |
|
Bowman Consulting Group Ltd
NASDAQ:BWMN
|
$379.18 Million |
|
C&A Modas S.A
SA:CEAB3
|
$379.07 Million |
|
Village Super Market Inc
NASDAQ:VLGEA
|
$379.00 Million |
|
Chongqing Mas Sci&Tech
SHE:300275
|
$378.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haesung DS Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 515,050,369,120 to 556,276,567,170, a change of 41,226,198,050 (8.0%).
- Net income of 58,697,149,410 contributed positively to equity growth.
- Dividend payments of 15,300,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩58.70 Billion | +10.55% |
| Dividends Paid | ₩15.30 Billion | -2.75% |
| Other Changes | ₩-2.17 Billion | -0.39% |
| Total Change | ₩- | 8.00% |
Book Value vs Market Value Analysis
This analysis compares Haesung DS 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: 1.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.34x to 1.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | ₩8346.49 | ₩52900.00 | x |
| 2015-12-31 | ₩7927.50 | ₩52900.00 | x |
| 2016-12-31 | ₩10034.13 | ₩52900.00 | x |
| 2017-12-31 | ₩10640.01 | ₩52900.00 | x |
| 2018-12-31 | ₩11547.56 | ₩52900.00 | x |
| 2019-12-31 | ₩12262.79 | ₩52900.00 | x |
| 2020-12-31 | ₩13637.58 | ₩52900.00 | x |
| 2021-12-31 | ₩17313.20 | ₩52900.00 | x |
| 2022-12-31 | ₩26311.49 | ₩52900.00 | x |
| 2023-12-31 | ₩30297.08 | ₩52900.00 | x |
| 2024-12-31 | ₩32722.15 | ₩52900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haesung DS 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): 10.55%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.73%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.43x
- Recent ROE (10.55%) is below the historical average (16.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 19.53% | 12.24% | 0.76x | 2.09x | ₩9.87 Billion |
| 2015 | 12.35% | 5.97% | 1.07x | 1.93x | ₩2.79 Billion |
| 2016 | 11.71% | 6.83% | 1.10x | 1.56x | ₩2.76 Billion |
| 2017 | 13.25% | 7.38% | 1.12x | 1.61x | ₩5.88 Billion |
| 2018 | 10.62% | 5.74% | 1.19x | 1.56x | ₩1.21 Billion |
| 2019 | 8.79% | 4.81% | 1.17x | 1.57x | ₩-2.52 Billion |
| 2020 | 12.94% | 6.54% | 1.20x | 1.65x | ₩6.81 Billion |
| 2021 | 24.21% | 10.87% | 1.38x | 1.61x | ₩41.83 Billion |
| 2022 | 35.64% | 18.99% | 1.27x | 1.47x | ₩114.67 Billion |
| 2023 | 16.39% | 12.56% | 0.98x | 1.34x | ₩32.92 Billion |
| 2024 | 10.55% | 9.73% | 0.76x | 1.43x | ₩3.07 Billion |
Industry Comparison
This section compares Haesung DS Co Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $128,266,771,899
- Average return on equity (ROE) among peers: -0.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haesung DS Co Ltd (195870) | ₩556.97 Billion | 19.53% | 0.59x | $379.42 Million |
| D I Corp (003160) | $167.74 Billion | 0.65% | 0.91x | $431.82 Million |
| Samick Thk (004380) | $79.31 Billion | 5.11% | 0.99x | $42.11 Million |
| PSMC CO. Ltd (024850) | $22.26 Billion | -14.70% | 0.84x | $196.26 Million |
| Mirae Corporation (025560) | $38.02 Billion | 0.00% | 1.53x | $27.97 Million |
| MK Electron Co. Ltd (033160) | $352.21 Billion | 7.86% | 4.63x | $116.29 Million |
| Signetics Corporation (033170) | $147.33 Billion | -4.23% | 0.36x | $27.88 Million |
| Nepes Corporation (033640) | $120.68 Billion | 0.00% | 0.99x | $198.76 Million |
| EO Technics Co. Ltd (039030) | $163.17 Billion | 20.30% | 0.48x | $2.23 Billion |
| Hanmi Semicon (042700) | $127.29 Billion | 5.51% | 0.44x | $8.58 Billion |
| Gigalane Co Ltd (049080) | $64.66 Billion | -20.68% | 1.35x | $19.35 Million |