Doosan Fuel Cell Co Ltd (336260) - Net Assets
Based on the latest financial reports, Doosan Fuel Cell Co Ltd (336260) has net assets worth ₩469.10 Billion KRW (≈ $317.90 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.30 Trillion ≈ $884.09 Million USD) and total liabilities (₩835.48 Billion ≈ $566.19 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 Doosan Fuel Cell Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩469.10 Billion |
| % of Total Assets | 35.96% |
| Annual Growth Rate | 24.49% |
| 5-Year Change | -2.66% |
| 10-Year Change | N/A |
| Growth Volatility | 83.21 |
Doosan Fuel Cell Co Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Doosan Fuel Cell Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Doosan Fuel Cell Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Doosan Fuel Cell Co Ltd (2019–2024)
The table below shows the annual net assets of Doosan Fuel Cell Co Ltd from 2019 to 2024. For live valuation and market cap data, see 336260 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩498.90 Billion ≈ $338.09 Million |
-2.68% |
| 2023-12-31 | ₩512.65 Billion ≈ $347.42 Million |
-1.99% |
| 2022-12-31 | ₩523.06 Billion ≈ $354.47 Million |
+0.94% |
| 2021-12-31 | ₩518.19 Billion ≈ $351.17 Million |
+1.10% |
| 2020-12-31 | ₩512.54 Billion ≈ $347.34 Million |
+207.33% |
| 2019-12-31 | ₩166.77 Billion ≈ $113.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Doosan Fuel Cell 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 32.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩14.03 Billion | 2.81% |
| Other Components | ₩484.87 Billion | 97.19% |
| Total Equity | ₩498.90 Billion | 100.00% |
Doosan Fuel Cell Co Ltd Competitors by Market Cap
The table below lists competitors of Doosan Fuel Cell Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ShenZhen Yitoa Intelligent Control Co Ltd
SHE:300131
|
$2.70 Billion |
|
ShenZhen QiangRui Precision Technology Co. Ltd.
SHE:301128
|
$2.70 Billion |
|
Topgolf Callaway Brands Corp.
NYSE:MODG
|
$2.70 Billion |
|
Suzhou UIGreen Micro & Nano Technologies Co. Ltd. A
SHG:688661
|
$2.70 Billion |
|
Perpetua Resources Corp
NASDAQ:PPTA
|
$2.70 Billion |
|
Wihlborgs Fastigheter AB
ST:WIHL
|
$2.70 Billion |
|
Lagardere SCA
PA:MMB
|
$2.69 Billion |
|
Manappuram Finance Limited
NSE:MANAPPURAM
|
$2.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Doosan Fuel Cell Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 512,651,877,520 to 498,895,839,830, a change of -13,756,037,690 (-2.7%).
- Net loss of 10,474,726,730 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-10.47 Billion | -2.1% |
| Other Changes | ₩-3.28 Billion | -0.66% |
| Total Change | ₩- | -2.68% |
Book Value vs Market Value Analysis
This analysis compares Doosan Fuel Cell 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: 7.98x
- 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 20.61x to 7.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₩2950.66 | ₩60800.00 | x |
| 2020-12-31 | ₩7826.32 | ₩60800.00 | x |
| 2021-12-31 | ₩7912.50 | ₩60800.00 | x |
| 2022-12-31 | ₩7987.83 | ₩60800.00 | x |
| 2023-12-31 | ₩7828.82 | ₩60800.00 | x |
| 2024-12-31 | ₩7618.75 | ₩60800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Doosan Fuel Cell 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): -2.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.54%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.36x
- Recent ROE (-2.10%) is below the historical average (1.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 7.12% | 5.37% | 0.45x | 2.97x | ₩-4.81 Billion |
| 2020 | 2.77% | 3.07% | 0.58x | 1.54x | ₩-37.06 Billion |
| 2021 | 1.68% | 2.28% | 0.55x | 1.35x | ₩-43.12 Billion |
| 2022 | 0.74% | 1.24% | 0.30x | 1.96x | ₩-48.44 Billion |
| 2023 | -1.66% | -3.26% | 0.24x | 2.09x | ₩-59.77 Billion |
| 2024 | -2.10% | -2.54% | 0.35x | 2.36x | ₩-60.36 Billion |
Industry Comparison
This section compares Doosan Fuel Cell Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,284,807,734,535
- Average return on equity (ROE) among peers: 2.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Doosan Fuel Cell Co Ltd (336260) | ₩469.10 Billion | 7.12% | 1.78x | $2.70 Billion |
| Kumho Electric (001210) | $181.00 Billion | -26.29% | 1.63x | $38.70 Million |
| Taihan Electric Wire Co Ltd (001440) | $1.13 Trillion | 0.00% | 3.65x | $7.09 Billion |
| Posco Chemical Co Ltd (003670) | $2.61 Trillion | 1.10% | 1.43x | $15.19 Billion |
| Sebang Global Battery Co Ltd (004490) | $585.52 Billion | 16.71% | 0.32x | $589.11 Million |
| LS Corp (006260) | $1.23 Trillion | 5.22% | 1.77x | $8.51 Billion |
| Daewon Cable (006340) | $81.19 Billion | 4.37% | 1.64x | $786.10 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $81.39 Billion | 1.52% | 1.35x | $458.78 Million |
| Samsung SDI (006400) | $12.66 Trillion | 2.82% | 0.57x | $36.39 Billion |
| Samsung Sdi Co Pref (006405) | $13.36 Trillion | 4.30% | 0.61x | $345.34 Million |
| LS Electric (010120) | $926.95 Billion | 12.57% | 1.27x | $5.60 Billion |
About Doosan Fuel Cell Co Ltd
Doosan Fuel Cell Co., Ltd. develops and distributes power generation fuel cells in South Korea. The company supplies fuel cell to produce stationery fuel cells. It also offers 400 NG, a fuel cell which supplies natural gas. In addition, the company provides M400, hydrogen energy solution provider. Doosan Fuel Cell Co., Ltd. was incorporated in 2019 and is headquartered in Iksan-si, South Korea.