F&F Co Ltd (383220) - Net Assets
Based on the latest financial reports, F&F Co Ltd (383220) has net assets worth ₩1.75 Trillion KRW (≈ $1.19 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 (₩2.50 Trillion ≈ $1.69 Billion USD) and total liabilities (₩750.16 Billion ≈ $508.37 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 asset resilience ratio of F&F Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.75 Trillion |
| % of Total Assets | 70.0% |
| Annual Growth Rate | 42.29% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 21.68 |
F&F Co Ltd - Net Assets Trend (2021–2024)
This chart illustrates how F&F Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore F&F Co Ltd (383220) total assets for the complete picture of this company's asset base.
Annual Net Assets for F&F Co Ltd (2021–2024)
The table below shows the annual net assets of F&F Co Ltd from 2021 to 2024. For live valuation and market cap data, see market cap of F&F Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.58 Trillion ≈ $1.07 Billion |
+19.70% |
| 2023-12-31 | ₩1.32 Trillion ≈ $893.01 Million |
+39.71% |
| 2022-12-31 | ₩943.17 Billion ≈ $639.17 Million |
+72.29% |
| 2021-12-31 | ₩547.42 Billion ≈ $370.98 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to F&F 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 452.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.28 Trillion | 82.15% |
| Other Components | ₩278.85 Billion | 17.85% |
| Total Equity | ₩1.56 Trillion | 100.00% |
F&F Co Ltd Competitors by Market Cap
The table below lists competitors of F&F Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vimian Group AB
ST:VIMIAN
|
$1.70 Billion |
|
SEPLAT ENERGY (DI) NA-50
F:134
|
$1.70 Billion |
|
Nurix Therapeutics Inc
NASDAQ:NRIX
|
$1.70 Billion |
|
BASF India Limited
NSE:BASF
|
$1.70 Billion |
|
CITIC Guoan Information Industry Co Ltd
SHE:000839
|
$1.70 Billion |
|
Monarch Casino & Resort Inc
NASDAQ:MCRI
|
$1.70 Billion |
|
Chongqing Iron & Steel Co Ltd Class A
SHG:601005
|
$1.70 Billion |
|
Metrics Master Income Trust
AU:MXT
|
$1.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in F&F Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,290,515,611,900 to 1,562,200,168,380, a change of 271,684,556,480 (21.1%).
- Net income of 360,375,370,050 contributed positively to equity growth.
- Dividend payments of 64,842,659,700 reduced retained earnings.
- Share repurchases of 33,423,959,750 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩360.38 Billion | +23.07% |
| Dividends Paid | ₩64.84 Billion | -4.15% |
| Share Repurchases | ₩33.42 Billion | -2.14% |
| Other Changes | ₩9.58 Billion | +0.61% |
| Total Change | ₩- | 21.05% |
Book Value vs Market Value Analysis
This analysis compares F&F 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: 1.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.94x to 1.62x 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 | ₩71534.26 | ₩66900.00 | x |
| 2022-12-31 | ₩24158.74 | ₩66900.00 | x |
| 2023-12-31 | ₩33833.85 | ₩66900.00 | x |
| 2024-12-31 | ₩41305.76 | ₩66900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently F&F 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): 23.07%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.01%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.46x
- Recent ROE (23.07%) is below the historical average (36.58%), 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 | 42.37% | 21.29% | 0.95x | 2.09x | ₩177.18 Billion |
| 2022 | 47.94% | 24.42% | 1.15x | 1.70x | ₩349.61 Billion |
| 2023 | 32.94% | 21.48% | 0.99x | 1.55x | ₩296.02 Billion |
| 2024 | 23.07% | 19.01% | 0.83x | 1.46x | ₩204.16 Billion |
Industry Comparison
This section compares F&F Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $554,535,743,553
- Average return on equity (ROE) among peers: 2.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| F&F Co Ltd (383220) | ₩1.75 Trillion | 42.37% | 0.43x | $1.70 Billion |
| BYC Co. Ltd (001460) | $534.92 Billion | 4.43% | 0.28x | $212.41 Million |
| BYC Co Ltd (001465) | $549.41 Billion | 3.35% | 0.27x | $47.86 Million |
| Vivien Corp (002070) | $124.91 Billion | 3.35% | 0.23x | $327.51 Million |
| SG Corporation (004060) | $170.61 Billion | 0.00% | 0.52x | $65.59 Million |
| Kuk Dong (005320) | $27.63 Billion | 0.00% | 3.34x | $26.80 Million |
| Shinsung Tngsn (005390) | $207.88 Billion | 2.77% | 1.65x | $399.30 Million |
| Shinyoung Waco (005800) | $271.75 Billion | 2.17% | 0.12x | $91.98 Million |
| F&F Holdings Co. Ltd (007700) | $3.37 Trillion | 3.17% | 0.20x | $508.36 Million |
| Pan-Pacific (007980) | $161.11 Billion | 1.50% | 2.52x | $69.18 Million |
| Willbes (008600) | $127.25 Billion | 4.65% | 0.47x | $116.83 Million |
About F&F Co Ltd
F&F Co., Ltd. manufactures and sells sewn wearing apparels in South Korea. It offers products under the MLB, MLB KIDS, DISCOVERY, and DISCOVERY KIDS brands. The company was founded in 1972 and is based in Seoul, South Korea. F&F Co., Ltd.(KOSE:A383220) operates independently of F&F Holdings Co., Ltd. as of May 21, 2021.