Hyundai Development Co (294870) - Net Assets
Based on the latest financial reports, Hyundai Development Co (294870) has net assets worth ₩3.21 Trillion KRW (≈ $2.17 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩8.11 Trillion ≈ $5.50 Billion USD) and total liabilities (₩4.91 Trillion ≈ $3.33 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. Check 294870 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩3.21 Trillion |
| % of Total Assets | 39.51% |
| Annual Growth Rate | 9.12% |
| 5-Year Change | 13.55% |
| 10-Year Change | N/A |
| Growth Volatility | 8.94 |
Hyundai Development Co - Net Assets Trend (2018–2024)
This chart illustrates how Hyundai Development Co's net assets have evolved over time, based on quarterly financial data. See Hyundai Development Co (294870) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hyundai Development Co (2018–2024)
The table below shows the annual net assets of Hyundai Development Co from 2018 to 2024. For live valuation and market cap data, see 294870 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩3.11 Trillion ≈ $2.11 Billion |
+3.54% |
| 2023-12-31 | ₩3.01 Trillion ≈ $2.04 Billion |
+3.66% |
| 2022-12-31 | ₩2.90 Trillion ≈ $1.97 Billion |
+0.58% |
| 2021-12-31 | ₩2.89 Trillion ≈ $1.96 Billion |
+5.19% |
| 2020-12-31 | ₩2.74 Trillion ≈ $1.86 Billion |
+22.91% |
| 2019-12-31 | ₩2.23 Trillion ≈ $1.51 Billion |
+21.00% |
| 2018-12-31 | ₩1.84 Trillion ≈ $1.25 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Hyundai Development Co'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 423.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.20 Trillion | 38.50% |
| Other Components | ₩1.92 Trillion | 61.50% |
| Total Equity | ₩3.11 Trillion | 100.00% |
Hyundai Development Co Competitors by Market Cap
The table below lists competitors of Hyundai Development Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Covenant Logistics Group, Inc.
NYSE:CVLG
|
$872.68 Million |
|
Jiangsu Yawei Machine Tool Co Ltd
SHE:002559
|
$872.86 Million |
|
HMC Capital Ltd
AU:HMC
|
$872.94 Million |
|
Goosehead Insurance Inc
NASDAQ:GSHD
|
$872.97 Million |
|
Mingyue Optical Lens Co.Ltd.
SHE:301101
|
$872.54 Million |
|
Unionman Technology Co. Ltd. A
SHG:688609
|
$872.14 Million |
|
Pan-International Industrial Corp
TW:2328
|
$872.06 Million |
|
Stevanato Group SpA
NYSE:STVN
|
$871.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hyundai Development Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,008,017,194,690 to 3,114,585,393,890, a change of 106,568,199,200 (3.5%).
- Net income of 155,717,171,970 contributed positively to equity growth.
- Dividend payments of 44,918,531,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩155.72 Billion | +5.0% |
| Dividends Paid | ₩44.92 Billion | -1.44% |
| Other Changes | ₩-4.23 Billion | -0.14% |
| Total Change | ₩- | 3.54% |
Book Value vs Market Value Analysis
This analysis compares Hyundai Development Co'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: 0.42x
- 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 0.55x to 0.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ₩36740.17 | ₩20200.00 | x |
| 2019-12-31 | ₩44456.67 | ₩20200.00 | x |
| 2020-12-31 | ₩41625.55 | ₩20200.00 | x |
| 2021-12-31 | ₩43665.08 | ₩20200.00 | x |
| 2022-12-31 | ₩43919.09 | ₩20200.00 | x |
| 2023-12-31 | ₩46876.24 | ₩20200.00 | x |
| 2024-12-31 | ₩48536.98 | ₩20200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hyundai Development Co 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): 5.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.66%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.40x
- Recent ROE (5.00%) is below the historical average (8.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 12.46% | 8.23% | 0.57x | 2.64x | ₩45.42 Billion |
| 2019 | 18.54% | 9.81% | 0.96x | 1.98x | ₩190.50 Billion |
| 2020 | 8.03% | 6.00% | 0.60x | 2.23x | ₩-54.10 Billion |
| 2021 | 6.14% | 5.25% | 0.51x | 2.28x | ₩-111.21 Billion |
| 2022 | 1.74% | 1.53% | 0.45x | 2.53x | ₩-239.05 Billion |
| 2023 | 5.75% | 4.13% | 0.60x | 2.33x | ₩-127.73 Billion |
| 2024 | 5.00% | 3.66% | 0.57x | 2.40x | ₩-155.74 Billion |
Industry Comparison
This section compares Hyundai Development Co's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,656,627,417,604
- Average return on equity (ROE) among peers: -22.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hyundai Development Co (294870) | ₩3.21 Trillion | 12.46% | 1.53x | $872.57 Million |
| Hyundai Engineering & Construction (000720) | $5.13 Trillion | 8.59% | 1.86x | $10.05 Billion |
| Hyundai Engineering & Construction Co Ltd (000725) | $10.46 Trillion | 5.13% | 1.27x | $40.88 Million |
| Nam Kwang Cons (001260) | $39.44 Billion | -195.31% | 5.07x | $57.12 Million |
| Sambu Const (001470) | $102.13 Billion | -108.19% | 4.03x | $54.01 Million |
| Dohwa Engin (002150) | $142.08 Billion | 20.26% | 1.01x | $119.59 Million |
| Bumyang Construction Co Ltd (002410) | $43.23 Billion | 2.55% | 1.87x | $36.03 Million |
| Hwa Sung Ind (002460) | $184.09 Billion | 3.05% | 2.98x | $86.85 Million |
| Chin Hung Int' (002780) | $78.80 Billion | 7.68% | 3.65x | $87.90 Million |
| Chinhung International Inc (002785) | $118.85 Billion | 17.16% | 1.38x | $1.90 Million |
| Chinhung International Inc. Pfd. Series 2 (002787) | $267.89 Billion | 16.91% | 1.14x | $1.42 Million |
About Hyundai Development Co
IPARK Hyundai Development Company, operates as a financial real estate company, provides real estate services primarily in South Korea. The company is involved in general architecture, civil engineering, outsourced housing, and self-construction activities. The company was formerly known as HDC Hyundai Development Company and changed its name to IPARK Hyundai Development Company in March 2026. IP… Read more