Jin Air Co Ltd (272450) - Net Assets
Based on the latest financial reports, Jin Air Co Ltd (272450) has net assets worth ₩224.44 Billion KRW (≈ $152.10 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.17 Trillion ≈ $795.72 Million USD) and total liabilities (₩949.74 Billion ≈ $643.62 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 tangible equity quality of Jin Air Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩224.44 Billion |
| % of Total Assets | 19.11% |
| Annual Growth Rate | 12.48% |
| 5-Year Change | 29.92% |
| 10-Year Change | N/A |
| Growth Volatility | 73.12 |
Jin Air Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Jin Air Co Ltd's net assets have evolved over time, based on quarterly financial data. See 272450 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jin Air Co Ltd (2016–2025)
The table below shows the annual net assets of Jin Air Co Ltd from 2016 to 2025. For live valuation and market cap data, see Jin Air Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩224.44 Billion ≈ $152.10 Million |
-2.95% |
| 2024-12-31 | ₩231.25 Billion ≈ $156.72 Million |
+61.73% |
| 2023-12-31 | ₩142.99 Billion ≈ $96.90 Million |
+50.61% |
| 2022-12-31 | ₩94.94 Billion ≈ $64.34 Million |
-45.04% |
| 2021-12-31 | ₩172.75 Billion ≈ $117.07 Million |
+75.99% |
| 2020-12-31 | ₩98.16 Billion ≈ $66.52 Million |
-48.81% |
| 2019-12-31 | ₩191.75 Billion ≈ $129.94 Million |
-27.97% |
| 2018-12-31 | ₩266.19 Billion ≈ $180.40 Million |
+14.84% |
| 2017-12-31 | ₩231.80 Billion ≈ $157.09 Million |
+197.51% |
| 2016-12-31 | ₩77.91 Billion ≈ $52.80 Million |
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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 grown by 68.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩86.07 Billion | 38.35% |
| Other Components | ₩138.37 Billion | 61.65% |
| Total Equity | ₩224.44 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 |
|---|---|
|
Rico Auto Industries Limited
NSE:RICOAUTO
|
$211.31 Million |
|
Draganfly Inc
NASDAQ:DPRO
|
$211.31 Million |
|
Dong Nai Port JSC
VN:PDN
|
$211.33 Million |
|
Gunung Raja Paksi
JK:GGRP
|
$211.48 Million |
|
EIH Associated Hotels Limited
NSE:EIHAHOTELS
|
$211.28 Million |
|
Thayer Ventures Acquisition Corporation II Class A Ordinary Shares
NASDAQ:TVAI
|
$211.23 Million |
|
Kejuruteraan Asastera Bhd
KLSE:0193
|
$211.20 Million |
|
Magni Tech Industries Bhd
KLSE:7087
|
$211.12 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 2024 to 2025, total equity changed from 231,252,257,050 to 224,435,968,590, a change of -6,816,288,460 (-2.9%).
- Net loss of 9,755,171,160 reduced equity.
- Other factors increased equity by 2,938,882,700.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-9.76 Billion | -4.35% |
| Other Changes | ₩2.94 Billion | +1.31% |
| Total Change | ₩- | -2.95% |
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: 1.39x
- 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 0.86x to 1.39x 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 | ₩6050.00 | x |
| 2018-12-31 | ₩8090.92 | ₩6050.00 | x |
| 2019-12-31 | ₩5922.41 | ₩6050.00 | x |
| 2020-12-31 | ₩2148.53 | ₩6050.00 | x |
| 2021-12-31 | ₩3352.15 | ₩6050.00 | x |
| 2022-12-31 | ₩1842.27 | ₩6050.00 | x |
| 2023-12-31 | ₩2774.65 | ₩6050.00 | x |
| 2024-12-31 | ₩4487.40 | ₩6050.00 | x |
| 2025-12-31 | ₩4355.14 | ₩6050.00 | 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): -4.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.71%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 5.23x
- Recent ROE (-4.35%) is above the historical average (-13.79%), 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 |
| 2025 | -4.35% | -0.71% | 1.18x | 5.23x | ₩-32.20 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: $2,639,887,969,032
- Average return on equity (ROE) among peers: -53.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jin Air Co Ltd (272450) | ₩224.44 Billion | 50.48% | 4.23x | $211.29 Million |
| Korean Air Lines Co (003490) | $2.89 Trillion | -7.12% | 7.83x | $7.20 Billion |
| Korean Air Lines Co Ltd (003495) | $11.46 Trillion | 6.80% | 3.40x | $16.94 Million |
| Asiana Airline (020560) | $1.00 Trillion | 6.11% | 5.06x | $1.04 Billion |
| Jeju Air Co Ltd (089590) | $271.93 Billion | 19.48% | 1.21x | $267.00 Million |
| T'way Air Co Ltd (091810) | $47.34 Billion | -330.04% | 14.53x | $203.90 Million |
| Air Busan Co Ltd (298690) | $161.20 Billion | -13.70% | 8.01x | $132.89 Million |
About 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.