Ls Cable & System Asia Ltd
LS Eco Energy Ltd. manufactures and sells cables for the electricity boards and news agencies worldwide. It offers overhead wires; LV/MV and HV power cables; and communication cables comprising UTP, optical fiber, and shielding cables. The company was founded in 2015 and is headquartered in Seoul, South Korea. LS Eco Energy Ltd. is a subsidiary of LS Cable & System Ltd.
Ls Cable & System Asia Ltd (229640) - Net Assets
Latest net assets as of September 2025: ₩214.27 Billion KRW
Based on the latest financial reports, Ls Cable & System Asia Ltd (229640) has net assets worth ₩214.27 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 (₩460.79 Billion) and total liabilities (₩246.52 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 | ₩214.27 Billion |
| % of Total Assets | 46.5% |
| Annual Growth Rate | 6.28% |
| 5-Year Change | 32.29% |
| 10-Year Change | N/A |
| Growth Volatility | 10.96 |
Ls Cable & System Asia Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Ls Cable & System Asia 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 Ls Cable & System Asia Ltd (2015–2024)
The table below shows the annual net assets of Ls Cable & System Asia Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩196.97 Billion | +26.58% |
| 2023-12-31 | ₩155.61 Billion | -1.55% |
| 2022-12-31 | ₩158.06 Billion | -8.31% |
| 2021-12-31 | ₩172.38 Billion | +15.78% |
| 2020-12-31 | ₩148.89 Billion | -7.65% |
| 2019-12-31 | ₩161.23 Billion | +12.25% |
| 2018-12-31 | ₩143.63 Billion | +7.61% |
| 2017-12-31 | ₩133.47 Billion | +2.66% |
| 2016-12-31 | ₩130.01 Billion | +14.20% |
| 2015-12-31 | ₩113.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ls Cable & System Asia 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 1028.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩61.83 Billion | 33.71% |
| Other Components | ₩121.58 Billion | 66.29% |
| Total Equity | ₩183.41 Billion | 100.00% |
Ls Cable & System Asia Ltd Competitors by Market Cap
The table below lists competitors of Ls Cable & System Asia Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dave & Buster’s Entertainment
NASDAQ:PLAY
|
$330.63 Million |
|
Shanghai Kai Kai Industry Co Ltd A
SHG:600272
|
$330.69 Million |
|
Galatasaray Sportif Sinai ve Ticari Yatirimlar AS
IS:GSRAY
|
$330.71 Million |
|
Relmada Therapeutics Inc
NASDAQ:RLMD
|
$330.73 Million |
|
ProCredit Holding AG & Co. KGaA
PINK:PRRCF
|
$330.45 Million |
|
Hudson Pacific Properties Inc
NYSE:HPP
|
$330.44 Million |
|
Suzhou Hycan Holdings Co Ltd
SHE:002787
|
$330.29 Million |
|
Yalla Group Ltd
NYSE:YALA
|
$330.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ls Cable & System Asia Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 145,365,960,350 to 183,406,928,550, a change of 38,040,968,200 (26.2%).
- Net income of 31,238,497,160 contributed positively to equity growth.
- Dividend payments of 7,919,875,100 reduced retained earnings.
- Other factors increased equity by 14,722,346,140.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩31.24 Billion | +17.03% |
| Dividends Paid | ₩7.92 Billion | -4.32% |
| Other Changes | ₩14.72 Billion | +8.03% |
| Total Change | ₩- | 26.17% |
Book Value vs Market Value Analysis
This analysis compares Ls Cable & System Asia 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: 7.34x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 11.61x to 7.34x 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 | ₩3825.23 | ₩44400.00 | x |
| 2018-12-31 | ₩4078.03 | ₩44400.00 | x |
| 2019-12-31 | ₩4591.35 | ₩44400.00 | x |
| 2020-12-31 | ₩4409.64 | ₩44400.00 | x |
| 2021-12-31 | ₩5107.33 | ₩44400.00 | x |
| 2022-12-31 | ₩4898.37 | ₩44400.00 | x |
| 2023-12-31 | ₩4793.19 | ₩44400.00 | x |
| 2024-12-31 | ₩6047.53 | ₩44400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ls Cable & System Asia 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): 17.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.59%
- • Asset Turnover: 1.78x
- • Equity Multiplier: 2.66x
- Recent ROE (17.03%) is above the historical average (8.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 7.67% | 2.74% | 1.23x | 2.28x | ₩-2.50 Billion |
| 2016 | 10.75% | 3.82% | 1.25x | 2.25x | ₩916.85 Million |
| 2017 | 10.95% | 3.18% | 1.42x | 2.43x | ₩1.11 Billion |
| 2018 | 7.93% | 2.24% | 1.26x | 2.80x | ₩-2.59 Billion |
| 2019 | 11.40% | 3.08% | 1.45x | 2.56x | ₩1.96 Billion |
| 2020 | 5.50% | 1.26% | 1.39x | 3.13x | ₩-6.00 Billion |
| 2021 | 9.51% | 1.96% | 1.52x | 3.21x | ₩-755.02 Million |
| 2022 | -1.29% | -0.23% | 1.62x | 3.42x | ₩-16.72 Billion |
| 2023 | 2.84% | 0.56% | 1.79x | 2.81x | ₩-10.41 Billion |
| 2024 | 17.03% | 3.59% | 1.78x | 2.66x | ₩12.90 Billion |
Industry Comparison
This section compares Ls Cable & System Asia Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,169,826,858,518
- Average return on equity (ROE) among peers: 4.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ls Cable & System Asia Ltd (229640) | ₩214.27 Billion | 7.67% | 1.15x | $330.46 Million |
| Kumho Electric (001210) | $302.39 Billion | 8.90% | 0.83x | $23.46 Million |
| Taihan Electric Wire Co Ltd (001440) | $321.92 Billion | -0.92% | 2.64x | $2.17 Billion |
| Posco Chemical Co Ltd (003670) | $3.32 Trillion | -6.39% | 1.39x | $4.87 Billion |
| Sebang Global Battery Co Ltd (004490) | $1.34 Trillion | 8.71% | 0.37x | $222.68 Million |
| LS Corp (006260) | $3.01 Trillion | 4.09% | 2.33x | $3.06 Billion |
| Daewon Cable (006340) | $42.00 Billion | 0.90% | 1.45x | $196.28 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $113.85 Billion | 5.97% | 0.99x | $70.84 Million |
| Samsung SDI (006400) | $7.54 Trillion | 1.70% | 0.40x | $16.12 Billion |
| Samsung Sdi Co Pref (006405) | $15.20 Trillion | 7.70% | 0.70x | $7.85 Billion |
| LS Electric (010120) | $509.15 Billion | 18.56% | 1.33x | $7.89 Billion |