Jin Air Co Ltd
Jin Air Co., Ltd. engages in domestic and international air transportation business. It is also involved in transportation of air cargo. The company was founded in 2008 and is headquartered in Seoul, South Korea. Jin Air Co., Ltd. operates as a subsidiary of Korean Airlines Co.,Ltd.
Jin Air Co Ltd (272450) - Net Assets
Latest net assets as of September 2025: ₩234.30 Billion KRW
Based on the latest financial reports, Jin Air Co Ltd (272450) has net assets worth ₩234.30 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 (₩1.20 Trillion) and total liabilities (₩963.94 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 | ₩234.30 Billion |
| % of Total Assets | 19.55% |
| Annual Growth Rate | 14.57% |
| 5-Year Change | 135.59% |
| 10-Year Change | N/A |
| Growth Volatility | 76.53 |
Jin Air Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Jin Air 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 Jin Air Co Ltd (2016–2024)
The table below shows the annual net assets of Jin Air Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩231.25 Billion | +61.73% |
| 2023-12-31 | ₩142.99 Billion | +50.61% |
| 2022-12-31 | ₩94.94 Billion | -45.04% |
| 2021-12-31 | ₩172.75 Billion | +75.99% |
| 2020-12-31 | ₩98.16 Billion | -48.81% |
| 2019-12-31 | ₩191.75 Billion | -27.97% |
| 2018-12-31 | ₩266.19 Billion | +14.84% |
| 2017-12-31 | ₩231.80 Billion | +197.51% |
| 2016-12-31 | ₩77.91 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jin Air 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 decreased by 309.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩337.85 Billion | 146.10% |
| Total Equity | ₩231.25 Billion | 100.00% |
Jin Air Co Ltd Competitors by Market Cap
The table below lists competitors of Jin Air Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nitratos de Chile SA
SN:NITRATOS
|
$49.57 Million |
|
BABYTREE GROUP
F:BTR
|
$49.60 Million |
|
Daaz Bara Lestari Tbk
JK:DAAZ
|
$49.60 Million |
|
G&E Herbal Biotechnology Co., Ltd.
TWO:4911
|
$49.62 Million |
|
Windsor Machines Limited
NSE:WINDMACHIN
|
$49.55 Million |
|
METXF
PINK:METXF
|
$49.53 Million |
|
Tecogen Inc.
NYSE:TGEN
|
$49.52 Million |
|
Asian Sea Corporation Public Company Limited
BK:ASIAN
|
$49.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jin Air Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 142,987,687,160 to 231,252,257,050, a change of 88,264,569,890 (61.7%).
- Net income of 95,712,668,490 contributed positively to equity growth.
- Other factors decreased equity by 7,448,098,600.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩95.71 Billion | +41.39% |
| Other Changes | ₩-7.45 Billion | -3.22% |
| Total Change | ₩- | 61.73% |
Book Value vs Market Value Analysis
This analysis compares Jin Air 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: 1.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.90x to 1.41x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩7045.54 | ₩6340.00 | x |
| 2018-12-31 | ₩8090.92 | ₩6340.00 | x |
| 2019-12-31 | ₩5922.41 | ₩6340.00 | x |
| 2020-12-31 | ₩2148.53 | ₩6340.00 | x |
| 2021-12-31 | ₩3352.15 | ₩6340.00 | x |
| 2022-12-31 | ₩1842.27 | ₩6340.00 | x |
| 2023-12-31 | ₩2774.65 | ₩6340.00 | x |
| 2024-12-31 | ₩4487.40 | ₩6340.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jin Air 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): 41.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.55%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 5.31x
- Recent ROE (41.39%) is above the historical average (-14.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 50.48% | 5.47% | 2.38x | 3.88x | ₩31.54 Billion |
| 2017 | 31.96% | 8.34% | 1.78x | 2.15x | ₩50.90 Billion |
| 2018 | 16.71% | 4.40% | 1.95x | 1.95x | ₩17.85 Billion |
| 2019 | -29.54% | -6.22% | 1.29x | 3.67x | ₩-75.83 Billion |
| 2020 | -193.97% | -70.06% | 0.49x | 5.67x | ₩-200.22 Billion |
| 2021 | -77.33% | -54.04% | 0.41x | 3.48x | ₩-150.86 Billion |
| 2022 | -66.91% | -10.70% | 0.78x | 7.98x | ₩-73.01 Billion |
| 2023 | 93.62% | 10.48% | 1.34x | 6.66x | ₩119.56 Billion |
| 2024 | 41.39% | 6.55% | 1.19x | 5.31x | ₩72.59 Billion |
Industry Comparison
This section compares Jin Air Co Ltd's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $1,602,075,311,906
- Average return on equity (ROE) among peers: -6.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jin Air Co Ltd (272450) | ₩234.30 Billion | 50.48% | 4.11x | $49.55 Million |
| Korean Air Lines Co Ltd (003495) | $6.87 Trillion | 8.41% | 2.88x | $4.23 Billion |
| Asiana Airline (020560) | $521.10 Billion | -69.56% | 24.11x | $245.21 Million |
| Jeju Air Co Ltd (089590) | $331.42 Billion | 23.47% | 1.42x | $128.67 Million |
| T'way Air Co Ltd (091810) | $188.88 Billion | -22.88% | 3.28x | $55.88 Million |
| Air Busan Co Ltd (298690) | $103.29 Billion | 27.61% | 1.00x | $19.67 Million |