Hwaseung Enterprise Co Ltd (241590) - Net Assets
Based on the latest financial reports, Hwaseung Enterprise Co Ltd (241590) has net assets worth ₩476.15 Billion KRW (≈ $322.68 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.36 Trillion ≈ $920.92 Million USD) and total liabilities (₩882.77 Billion ≈ $598.24 Million USD). 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. Check Hwaseung Enterprise Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩476.15 Billion |
| % of Total Assets | 35.04% |
| Annual Growth Rate | 27.55% |
| 5-Year Change | 4.89% |
| 10-Year Change | N/A |
| Growth Volatility | 62.03 |
Hwaseung Enterprise Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Hwaseung Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Hwaseung Enterprise Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Hwaseung Enterprise Co Ltd (2015–2024)
The table below shows the annual net assets of Hwaseung Enterprise Co Ltd from 2015 to 2024. For live valuation and market cap data, see Hwaseung Enterprise Co Ltd (241590) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩563.75 Billion ≈ $382.05 Million |
+0.78% |
| 2023-12-31 | ₩559.38 Billion ≈ $379.09 Million |
-5.38% |
| 2022-12-31 | ₩591.18 Billion ≈ $400.64 Million |
+7.41% |
| 2021-12-31 | ₩550.42 Billion ≈ $373.01 Million |
+2.41% |
| 2020-12-31 | ₩537.46 Billion ≈ $364.23 Million |
+46.26% |
| 2019-12-31 | ₩367.46 Billion ≈ $249.02 Million |
+29.79% |
| 2018-12-31 | ₩283.12 Billion ≈ $191.87 Million |
+8.28% |
| 2017-12-31 | ₩261.47 Billion ≈ $177.20 Million |
+35.62% |
| 2016-12-31 | ₩192.79 Billion ≈ $130.65 Million |
+205.79% |
| 2015-12-31 | ₩63.05 Billion ≈ $42.73 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hwaseung Enterprise 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 20044499827000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩200.44 Billion | 38.24% |
| Other Components | ₩323.79 Billion | 61.76% |
| Total Equity | ₩524.23 Billion | 100.00% |
Hwaseung Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Hwaseung Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Comstock Mining Inc
NYSE MKT:LODE
|
$198.41 Million |
|
Sajodaerim
KO:003960
|
$198.43 Million |
|
China Ecotek Corp
TW:1535
|
$198.44 Million |
|
Loandepot Inc
NYSE:LDI
|
$198.44 Million |
|
Premier Marketing Public Company Limited
BK:PM
|
$198.32 Million |
|
BlackRock Investment Quality Municipal Closed Fund
NYSE:BKN
|
$198.21 Million |
|
Bien Yapi Urunleri Sanayi Turizm ve Ticaret A.S.
IS:BIENY
|
$198.09 Million |
|
Sporting Clube de Portugal - Futebol SAD
LS:SCP
|
$197.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hwaseung Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 514,104,507,750 to 524,232,666,170, a change of 10,128,158,420 (2.0%).
- Net income of 33,108,362,620 contributed positively to equity growth.
- Dividend payments of 2,730,018,070 reduced retained earnings.
- Share repurchases of 10,000,082,000 reduced equity.
- New share issuances of 105,000 increased equity.
- Other factors decreased equity by 10,250,209,130.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩33.11 Billion | +6.32% |
| Dividends Paid | ₩2.73 Billion | -0.52% |
| Share Repurchases | ₩10.00 Billion | -1.91% |
| Share Issuances | ₩105.00K | +0.0% |
| Other Changes | ₩-10.25 Billion | -1.96% |
| Total Change | ₩- | 1.97% |
Book Value vs Market Value Analysis
This analysis compares Hwaseung Enterprise 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: 0.56x
- 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 1.13x to 0.56x 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 | ₩4261.50 | ₩4830.00 | x |
| 2018-12-31 | ₩4621.24 | ₩4830.00 | x |
| 2019-12-31 | ₩5758.51 | ₩4830.00 | x |
| 2020-12-31 | ₩8554.11 | ₩4830.00 | x |
| 2021-12-31 | ₩8857.67 | ₩4830.00 | x |
| 2022-12-31 | ₩8870.33 | ₩4830.00 | x |
| 2023-12-31 | ₩8485.07 | ₩4830.00 | x |
| 2024-12-31 | ₩8652.24 | ₩4830.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hwaseung Enterprise 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): 6.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.06%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.93x
- Recent ROE (6.32%) is below the historical average (6.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -0.01% | 0.00% | 0.00x | 4.15x | ₩-6.29 Billion |
| 2016 | 18.03% | 5.42% | 1.47x | 2.27x | ₩15.45 Billion |
| 2017 | 16.07% | 5.40% | 1.23x | 2.43x | ₩15.66 Billion |
| 2018 | 6.14% | 1.95% | 1.16x | 2.72x | ₩-10.80 Billion |
| 2019 | 17.91% | 5.20% | 1.23x | 2.81x | ₩27.58 Billion |
| 2020 | 7.74% | 3.59% | 0.97x | 2.23x | ₩-11.68 Billion |
| 2021 | -1.21% | -0.57% | 0.86x | 2.48x | ₩-60.17 Billion |
| 2022 | -1.86% | -0.60% | 1.12x | 2.75x | ₩-63.75 Billion |
| 2023 | -5.11% | -2.16% | 0.89x | 2.65x | ₩-77.69 Billion |
| 2024 | 6.32% | 2.06% | 1.05x | 2.93x | ₩-19.31 Billion |
Industry Comparison
This section compares Hwaseung Enterprise Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $115,046,278,376
- Average return on equity (ROE) among peers: -15.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hwaseung Enterprise Co Ltd (241590) | ₩476.15 Billion | -0.01% | 1.85x | $198.32 Million |
| Samyang Tongsang Co. Ltd. (002170) | $434.15 Billion | 2.54% | 0.05x | $107.70 Million |
| Hwaseung Industries Co Ltd (006060) | $117.33 Billion | 2.20% | 3.54x | $116.36 Million |
| Uni Chem (011330) | $9.24 Billion | -180.74% | 5.42x | $38.05 Million |
| Baiksan (035150) | $95.44 Billion | 8.10% | 0.60x | $176.49 Million |
| InBioGen Co Ltd (101140) | $66.00 Billion | 19.89% | 0.38x | $59.48 Million |
| Gumho NT Co Ltd (130500) | $26.99 Billion | 4.26% | 0.71x | $25.53 Million |
| JS Corp (194370) | $56.19 Billion | 33.58% | 1.22x | $289.74 Million |
About Hwaseung Enterprise Co Ltd
Hwaseung Enterprise Co., Ltd. manufactures and sells shoes. It offers footwear, apparel and accessories, and materials. The also company provides supply chain solutions. The company was founded in 2015 and is based in Seoul, South Korea. Hwaseung Enterprise Co., Ltd. is a subsidiary of Hwaseung Industries Co., Ltd.