Doosan Fuel Cell Co. Ltd. Pfd. Series 1
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.
Doosan Fuel Cell Co. Ltd. Pfd. Series 1 (33626K) - Net Assets
Latest net assets as of September 2025: ₩469.10 Billion KRW
Based on the latest financial reports, Doosan Fuel Cell Co. Ltd. Pfd. Series 1 (33626K) has net assets worth ₩469.10 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 (₩1.30 Trillion) and total liabilities (₩835.48 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 | ₩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. Pfd. Series 1 - Net Assets Trend (2019–2024)
This chart illustrates how Doosan Fuel Cell Co. Ltd. Pfd. Series 1's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Doosan Fuel Cell Co. Ltd. Pfd. Series 1 (2019–2024)
The table below shows the annual net assets of Doosan Fuel Cell Co. Ltd. Pfd. Series 1 from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩498.90 Billion | -2.68% |
| 2023-12-31 | ₩512.65 Billion | -1.99% |
| 2022-12-31 | ₩523.06 Billion | +0.94% |
| 2021-12-31 | ₩518.19 Billion | +1.10% |
| 2020-12-31 | ₩512.54 Billion | +207.33% |
| 2019-12-31 | ₩166.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Doosan Fuel Cell Co. Ltd. Pfd. Series 1'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. Pfd. Series 1 Competitors by Market Cap
The table below lists competitors of Doosan Fuel Cell Co. Ltd. Pfd. Series 1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Banpu Power Public Company Limited
BK:BPP
|
$203.29 Million |
|
J.Kumar Infraprojects Limited
NSE:JKIL
|
$203.30 Million |
|
NIPPON DENKO CO.LTD
F:NJ5
|
$203.39 Million |
|
Taiwan Navigation Co Ltd
TW:2617
|
$203.47 Million |
|
Inveo Yatirim Holding AS
IS:INVEO
|
$203.19 Million |
|
Vats Liquor Chain Store Management Joint Stock Co Ltd
SHE:300755
|
$203.14 Million |
|
Beijing Changjiu Logistics Ltd
SHG:603569
|
$203.13 Million |
|
INPAQ Technology Co Ltd
TWO:6284
|
$203.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Doosan Fuel Cell Co. Ltd. Pfd. Series 1'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. Pfd. Series 1'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.
- The price-to-book ratio has decreased from 2.49x to 0.97x 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 | ₩7360.00 | x |
| 2020-12-31 | ₩7826.32 | ₩7360.00 | x |
| 2021-12-31 | ₩7912.50 | ₩7360.00 | x |
| 2022-12-31 | ₩7987.83 | ₩7360.00 | x |
| 2023-12-31 | ₩7828.82 | ₩7360.00 | x |
| 2024-12-31 | ₩7618.75 | ₩7360.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Doosan Fuel Cell Co. Ltd. Pfd. Series 1 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. Pfd. Series 1's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,899,206,526,473
- Average return on equity (ROE) among peers: 5.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Doosan Fuel Cell Co. Ltd. Pfd. Series 1 (33626K) | ₩469.10 Billion | 7.12% | 1.78x | $203.19 Million |
| Kumho Electric (001210) | $302.39 Billion | 8.90% | 0.83x | $23.46 Million |
| Taihan Electric Wire Co Ltd (001440) | $337.98 Billion | -12.84% | 2.95x | $2.22 Billion |
| Posco Chemical Co Ltd (003670) | $569.40 Billion | 7.67% | 0.27x | $5.11 Billion |
| Sebang Global Battery Co Ltd (004490) | $1.34 Trillion | 8.71% | 0.37x | $224.88 Million |
| LS Corp (006260) | $5.55 Trillion | 8.13% | 2.03x | $3.29 Billion |
| Daewon Cable (006340) | $71.51 Billion | 3.38% | 2.01x | $202.85 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $81.39 Billion | 1.52% | 1.35x | $70.84 Million |
| Samsung SDI (006400) | $4.70 Trillion | 4.93% | 0.43x | $16.74 Billion |
| Samsung Sdi Co Pref (006405) | $15.20 Trillion | 7.70% | 0.70x | $7.55 Billion |
| LS Electric (010120) | $837.54 Billion | 11.98% | 1.41x | $8.74 Billion |