Hanwha Systems Co Ltd
Hanwha Systems Co., Ltd. manufacture and sell various military equipments in South Korea and internationally. The company offers electro-optics, infra-red, and synthetic aperture radar (SAR) payloads to be mounted on mid-to-large sized satellites, as well as the system and payload development solutions for micro-satellites; avionics solutions for fixed wing, rotary wing, and unmanned aircrafts; a… Read more
Hanwha Systems Co Ltd (272210) - Net Assets
Latest net assets as of September 2025: ₩4.86 Trillion KRW
Based on the latest financial reports, Hanwha Systems Co Ltd (272210) has net assets worth ₩4.86 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 (₩9.57 Trillion) and total liabilities (₩4.71 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 | ₩4.86 Trillion |
| % of Total Assets | 50.77% |
| Annual Growth Rate | 25.12% |
| 5-Year Change | 133.99% |
| 10-Year Change | N/A |
| Growth Volatility | 60.94 |
Hanwha Systems Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Hanwha Systems 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 Hanwha Systems Co Ltd (2016–2024)
The table below shows the annual net assets of Hanwha Systems Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩2.42 Trillion | +12.18% |
| 2023-12-31 | ₩2.15 Trillion | +6.70% |
| 2022-12-31 | ₩2.02 Trillion | -9.86% |
| 2021-12-31 | ₩2.24 Trillion | +116.89% |
| 2020-12-31 | ₩1.03 Trillion | +6.63% |
| 2019-12-31 | ₩968.44 Billion | +17.96% |
| 2018-12-31 | ₩820.97 Billion | +159.15% |
| 2017-12-31 | ₩316.79 Billion | -21.27% |
| 2016-12-31 | ₩402.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanwha Systems 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 345.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩589.29 Billion | 23.67% |
| Other Components | ₩1.90 Trillion | 76.33% |
| Total Equity | ₩2.49 Trillion | 100.00% |
Hanwha Systems Co Ltd Competitors by Market Cap
The table below lists competitors of Hanwha Systems Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KINSALE CAP.GRP.INC. -01
F:KCH
|
$6.94 Billion |
|
The Federal Bank Limited
NSE:FEDERALBNK
|
$6.95 Billion |
|
Sonic Healthcare Limited
PINK:SKHCF
|
$6.95 Billion |
|
SCB X Public Company Limited
BK:SCB
|
$6.95 Billion |
|
Stockland Corp Ltd
STU:LN1
|
$6.94 Billion |
|
NBCDF
PINK:NBCDF
|
$6.94 Billion |
|
Bouygues SA
PINK:BOUYF
|
$6.94 Billion |
|
KANZHUN LTD SP.ADS/2 CL.A
F:8JN
|
$6.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanwha Systems Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,139,817,927,610 to 2,490,054,967,090, a change of 350,237,039,480 (16.4%).
- Net income of 454,300,056,690 contributed positively to equity growth.
- Dividend payments of 52,358,113,080 reduced retained earnings.
- Other factors decreased equity by 51,704,904,130.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩454.30 Billion | +18.24% |
| Dividends Paid | ₩52.36 Billion | -2.1% |
| Other Changes | ₩-51.70 Billion | -2.08% |
| Total Change | ₩- | 16.37% |
Book Value vs Market Value Analysis
This analysis compares Hanwha Systems 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: 10.43x
- 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 66.66x to 10.43x 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 | ₩2083.84 | ₩138900.00 | x |
| 2018-12-31 | ₩5400.32 | ₩138900.00 | x |
| 2019-12-31 | ₩7797.77 | ₩138900.00 | x |
| 2020-12-31 | ₩8323.23 | ₩138900.00 | x |
| 2021-12-31 | ₩11885.44 | ₩138900.00 | x |
| 2022-12-31 | ₩10697.39 | ₩138900.00 | x |
| 2023-12-31 | ₩11443.29 | ₩138900.00 | x |
| 2024-12-31 | ₩13316.28 | ₩138900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanwha Systems 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): 18.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.20%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.30x
- Recent ROE (18.24%) is above the historical average (7.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.08% | 2.84% | 1.08x | 1.98x | ₩-15.76 Billion |
| 2017 | 4.44% | 1.64% | 0.95x | 2.84x | ₩-17.61 Billion |
| 2018 | 5.02% | 3.65% | 0.59x | 2.32x | ₩-40.85 Billion |
| 2019 | 7.53% | 4.72% | 0.64x | 2.49x | ₩-23.95 Billion |
| 2020 | 9.06% | 5.70% | 0.61x | 2.61x | ₩-9.69 Billion |
| 2021 | 4.42% | 4.71% | 0.54x | 1.75x | ₩-123.93 Billion |
| 2022 | -3.83% | -3.50% | 0.55x | 1.97x | ₩-276.59 Billion |
| 2023 | 16.32% | 14.24% | 0.55x | 2.10x | ₩135.24 Billion |
| 2024 | 18.24% | 16.20% | 0.49x | 2.30x | ₩205.29 Billion |
Industry Comparison
This section compares Hanwha Systems Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,428,481,866,706
- Average return on equity (ROE) among peers: 1.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanwha Systems Co Ltd (272210) | ₩4.86 Trillion | 6.08% | 0.97x | $6.94 Billion |
| SNT Dynamics Co Ltd (003570) | $770.53 Billion | 6.94% | 0.53x | $326.62 Million |
| Korea Shipbuilding & Offshore Engineering Co Ltd (009540) | $3.51 Trillion | 3.93% | 2.90x | $13.16 Billion |
| Samsung Heavy Industries (010140) | $3.72 Trillion | -39.87% | 2.48x | $12.25 Billion |
| Firstec (010820) | $68.65 Billion | 3.77% | 0.92x | $133.88 Million |
| Hanwha Aerospace Co Ltd (012450) | $2.64 Trillion | 1.23% | 1.81x | $22.01 Billion |
| Hanwha Ocean Co., Ltd (042660) | $3.89 Trillion | 19.61% | 2.93x | $11.69 Billion |
| Korea Aerospace Industries (047810) | $845.57 Billion | 8.68% | 1.08x | $7.66 Billion |
| LIG Nex1 Co Ltd (079550) | $1.05 Trillion | 16.63% | 2.63x | $6.45 Billion |
| Hyundai Heavy Industries Co Ltd (329180) | $5.36 Trillion | -8.05% | 1.57x | $10.96 Billion |