Shinhan Alpha REIT Co Ltd (293940) - Net Assets
Based on the latest financial reports, Shinhan Alpha REIT Co Ltd (293940) has net assets worth ₩806.53 Billion KRW (≈ $546.57 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩3.13 Trillion ≈ $2.12 Billion USD) and total liabilities (₩2.33 Trillion ≈ $1.58 Billion 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. Also explore Shinhan Alpha REIT Co Ltd balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩806.53 Billion |
| % of Total Assets | 25.74% |
| Annual Growth Rate | 23.19% |
| 5-Year Change | 131.95% |
| 10-Year Change | N/A |
| Growth Volatility | 15.01 |
Shinhan Alpha REIT Co Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Shinhan Alpha REIT Co Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is Shinhan Alpha REIT Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Shinhan Alpha REIT Co Ltd (2018–2024)
The table below shows the annual net assets of Shinhan Alpha REIT Co Ltd from 2018 to 2024. For live valuation and market cap data, see market cap of Shinhan Alpha REIT Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | ₩827.84 Billion ≈ $561.02 Million |
+39.09% |
| 2023-09-30 | ₩595.19 Billion ≈ $403.35 Million |
+22.52% |
| 2022-09-30 | ₩485.77 Billion ≈ $329.20 Million |
+41.28% |
| 2021-09-30 | ₩343.83 Billion ≈ $233.01 Million |
-3.66% |
| 2020-09-30 | ₩356.90 Billion ≈ $241.87 Million |
+28.12% |
| 2019-09-30 | ₩278.57 Billion ≈ $188.78 Million |
+17.63% |
| 2018-09-30 | ₩236.82 Billion ≈ $160.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shinhan Alpha REIT 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 5899233139000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩717.64 Billion | 110.20% |
| Total Equity | ₩651.20 Billion | 100.00% |
Shinhan Alpha REIT Co Ltd Competitors by Market Cap
The table below lists competitors of Shinhan Alpha REIT Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Changshu Tongrun Auto
SHG:603201
|
$427.84 Million |
|
Nouveau Monde Graphite Inc
NYSE:NMG
|
$427.85 Million |
|
Frp Holdings Ord
NASDAQ:FRPH
|
$427.88 Million |
|
Acacia Research Corporation
NASDAQ:ACTG
|
$427.89 Million |
|
Panin Financial Tbk
JK:PNLF
|
$427.81 Million |
|
Shanghai Hollywave Electronic System Co. Ltd. A
SHG:688682
|
$427.69 Million |
|
Curro Hol
JSE:COH
|
$427.54 Million |
|
Hey-Song Corp
TW:1234
|
$427.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinhan Alpha REIT Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 535,648,317,140 to 651,197,086,790, a change of 115,548,769,650 (21.6%).
- Net income of 9,784,917,960 contributed positively to equity growth.
- Dividend payments of 20,295,893,100 reduced retained earnings.
- New share issuances of 184,167,439,320 increased equity.
- Other factors decreased equity by 58,107,694,530.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩9.78 Billion | +1.5% |
| Dividends Paid | ₩20.30 Billion | -3.12% |
| Share Issuances | ₩184.17 Billion | +28.28% |
| Other Changes | ₩-58.11 Billion | -8.92% |
| Total Change | ₩- | 21.57% |
Book Value vs Market Value Analysis
This analysis compares Shinhan Alpha REIT 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: 0.97x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-09-30 | ₩4915.29 | ₩5220.00 | x |
| 2019-09-30 | ₩5781.69 | ₩5220.00 | x |
| 2020-09-30 | ₩2236.44 | ₩5220.00 | x |
| 2021-09-30 | ₩3915.49 | ₩5220.00 | x |
| 2022-09-30 | ₩5873.97 | ₩5220.00 | x |
| 2023-09-30 | ₩6002.10 | ₩5220.00 | x |
| 2024-09-30 | ₩5384.46 | ₩5220.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinhan Alpha REIT 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): 1.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.26%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 4.09x
- Recent ROE (1.50%) is above the historical average (0.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1.08% | -21.89% | 0.02x | 2.49x | ₩-26.24 Billion |
| 2019 | 1.78% | 22.02% | 0.03x | 2.66x | ₩-22.89 Billion |
| 2020 | 0.91% | 10.21% | 0.02x | 4.64x | ₩-27.02 Billion |
| 2021 | -0.38% | -2.46% | 0.02x | 6.70x | ₩-29.51 Billion |
| 2022 | 1.68% | 14.06% | 0.03x | 4.52x | ₩-35.47 Billion |
| 2023 | 1.49% | 14.98% | 0.03x | 3.74x | ₩-45.56 Billion |
| 2024 | 1.50% | 14.26% | 0.03x | 4.09x | ₩-55.33 Billion |
Industry Comparison
This section compares Shinhan Alpha REIT Co Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinhan Alpha REIT Co Ltd (293940) | ₩806.53 Billion | -1.08% | 2.89x | $427.83 Million |
| Samyang Holdings Corp (000075) | $1.85 Trillion | 1.22% | 0.71x | $17.20 Million |
| POBIS TNC CO. Ltd (016670) | $52.48 Billion | -35.95% | 0.62x | $58.53 Million |
| Posco ICT Company Ltd (022100) | $357.55 Billion | -3.98% | 0.81x | $2.80 Billion |
| Osung Advanced Materials Co. Ltd (052420) | $132.39 Billion | 4.16% | 0.12x | $326.76 Million |
| Kyung Nam Pharm Co Ltd (053950) | $28.91 Billion | 12.87% | 0.84x | $9.88K |
| ilShinbiobase Co. Ltd (068330) | $57.06 Billion | 10.92% | 0.06x | $25.38 Million |
| Kuk-Il Paper Mfg Co.Ltd (078130) | $52.95 Billion | 2.16% | 3.37x | $299.34 Million |
| OncoQuest Pharmaceuticals Inc (078590) | $34.70 Billion | 28.05% | 0.27x | $83.35 Million |
| MCNEX Co. Ltd (097520) | $323.61 Billion | 8.63% | 0.66x | $328.51 Million |
| Smac Co. Ltd (097780) | $137.10 Billion | 5.72% | 0.44x | $179.91 Million |
About Shinhan Alpha REIT Co Ltd
Shinhan Alpha REIT Co Ltd operates in various business sectors.