DL E&C Co Ltd (375500) - Net Assets
Based on the latest financial reports, DL E&C Co Ltd (375500) has net assets worth ₩5.24 Trillion KRW (≈ $3.55 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩9.67 Trillion ≈ $6.55 Billion USD) and total liabilities (₩4.43 Trillion ≈ $3.00 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 tangible net worth ratio of DL E&C Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩5.24 Trillion |
| % of Total Assets | 54.23% |
| Annual Growth Rate | 3.92% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.7 |
DL E&C Co Ltd - Net Assets Trend (2021–2025)
This chart illustrates how DL E&C Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of DL E&C Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for DL E&C Co Ltd (2021–2025)
The table below shows the annual net assets of DL E&C Co Ltd from 2021 to 2025. For live valuation and market cap data, see 375500 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩5.24 Trillion ≈ $3.55 Billion |
+8.22% |
| 2024-12-31 | ₩4.85 Trillion ≈ $3.28 Billion |
+1.61% |
| 2023-12-31 | ₩4.77 Trillion ≈ $3.23 Billion |
+1.63% |
| 2022-12-31 | ₩4.69 Trillion ≈ $3.18 Billion |
+4.34% |
| 2021-12-31 | ₩4.50 Trillion ≈ $3.05 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to DL E&C 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 145.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.42 Trillion | 27.14% |
| Other Components | ₩3.82 Trillion | 72.86% |
| Total Equity | ₩5.24 Trillion | 100.00% |
DL E&C Co Ltd Competitors by Market Cap
The table below lists competitors of DL E&C Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liaoning Cheng Da Co Ltd
SHG:600739
|
$2.32 Billion |
|
Shanghai Haoyuan Chemexpress Co. Ltd. A
SHG:688131
|
$2.32 Billion |
|
Hawaiian Electric Industries Inc
NYSE:HE
|
$2.33 Billion |
|
Xiangtan Electric Manufacturing Co Ltd
SHG:600416
|
$2.33 Billion |
|
Santam
JSE:SNT
|
$2.32 Billion |
|
Shanghai Kingstar Winning Software
SHE:300253
|
$2.32 Billion |
|
REN - Redes Energéticas Nacionais SGPS S.A
LS:RENE
|
$2.32 Billion |
|
Société BIC SA
PA:BB
|
$2.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DL E&C Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,845,710,111,110 to 5,244,091,831,160, a change of 398,381,720,050 (8.2%).
- Net income of 370,189,019,480 contributed positively to equity growth.
- Dividend payments of 23,028,146,030 reduced retained earnings.
- Share repurchases of 34,399,841,150 reduced equity.
- Other factors increased equity by 85,620,687,750.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩370.19 Billion | +7.06% |
| Dividends Paid | ₩23.03 Billion | -0.44% |
| Share Repurchases | ₩34.40 Billion | -0.66% |
| Other Changes | ₩85.62 Billion | +1.63% |
| Total Change | ₩- | 8.22% |
Book Value vs Market Value Analysis
This analysis compares DL E&C 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: 0.65x
- 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 increased from 0.41x to 0.65x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ₩215566.01 | ₩89400.00 | x |
| 2022-12-31 | ₩112985.88 | ₩89400.00 | x |
| 2023-12-31 | ₩132286.78 | ₩89400.00 | x |
| 2024-12-31 | ₩120119.67 | ₩89400.00 | x |
| 2025-12-31 | ₩136760.52 | ₩89400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DL E&C 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): 7.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.00%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.84x
- Recent ROE (7.06%) is below the historical average (7.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 13.84% | 7.56% | 0.88x | 2.09x | ₩160.25 Billion |
| 2022 | 9.50% | 5.51% | 0.84x | 2.06x | ₩-21.80 Billion |
| 2023 | 3.94% | 2.35% | 0.86x | 1.96x | ₩-289.02 Billion |
| 2024 | 4.73% | 2.76% | 0.86x | 2.00x | ₩-255.35 Billion |
| 2025 | 7.06% | 5.00% | 0.77x | 1.84x | ₩-154.22 Billion |
Industry Comparison
This section compares DL E&C Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,433,692,918,366
- Average return on equity (ROE) among peers: -165.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DL E&C Co Ltd (375500) | ₩5.24 Trillion | 13.84% | 0.84x | $2.32 Billion |
| Hyundai Engineering & Construction (000720) | $4.76 Trillion | 10.72% | 1.68x | $11.15 Billion |
| Hyundai Engineering & Construction Co Ltd (000725) | $8.77 Trillion | 1.40% | 1.05x | $43.10 Million |
| Nam Kwang Cons (001260) | $87.75 Billion | 24.71% | 2.12x | $55.66 Million |
| Sambu Const (001470) | $7.67 Billion | -1665.61% | 38.17x | $54.01 Million |
| Dohwa Engin (002150) | $142.08 Billion | 20.26% | 1.01x | $128.16 Million |
| Bumyang Construction Co Ltd (002410) | $2.30 Billion | 0.00% | 128.08x | $36.03 Million |
| Hwa Sung Ind (002460) | $207.05 Billion | -42.45% | 1.35x | $87.36 Million |
| Chin Hung Int' (002780) | $267.89 Billion | 16.91% | 1.14x | $93.42 Million |
| Chinhung International Inc (002785) | $109.89 Billion | -15.99% | 3.02x | $1.93 Million |
| Chinhung International Inc. Pfd. Series 2 (002787) | $-10.01 Billion | 0.00% | 0.00x | $1.42 Million |
About DL E&C Co Ltd
DL E&C Co.,Ltd., a construction company, provides engineering, procurement, and construction solutions in South Korea. The company undertakes various plant works in refinery/gas, petrochemical, energy, industrial facilities, environment, and other sectors; and offers civil works in road/bridge, port/water resources, and railroad/metro/tunnel. It also builds office/commercial, cultural/sports, hot… Read more