Shinhan Seobu T&D REIT Co Ltd (404990) - Net Assets
Based on the latest financial reports, Shinhan Seobu T&D REIT Co Ltd (404990) has net assets worth ₩344.10 Billion KRW (≈ $233.19 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 (₩1.09 Trillion ≈ $735.65 Million USD) and total liabilities (₩741.43 Billion ≈ $502.45 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. See 404990 net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩344.10 Billion |
| % of Total Assets | 31.7% |
| Annual Growth Rate | 20.33% |
| 5-Year Change | 30.55% |
| 10-Year Change | N/A |
| Growth Volatility | 37.05 |
Shinhan Seobu T&D REIT Co Ltd - Net Assets Trend (2021–2026)
This chart illustrates how Shinhan Seobu T&D REIT Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 404990 stock market capitalisation.
Annual Net Assets for Shinhan Seobu T&D REIT Co Ltd (2021–2026)
The table below shows the annual net assets of Shinhan Seobu T&D REIT Co Ltd from 2021 to 2026. Also explore Shinhan Seobu T&D REIT Co Ltd (404990) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | ₩352.66 Billion ≈ $238.99 Million |
+1.72% |
| 2025-03-31 | ₩346.71 Billion ≈ $234.96 Million |
+36.02% |
| 2024-03-31 | ₩254.89 Billion ≈ $172.74 Million |
-2.86% |
| 2023-03-31 | ₩262.39 Billion ≈ $177.82 Million |
-2.87% |
| 2022-03-31 | ₩270.13 Billion ≈ $183.06 Million |
+93.18% |
| 2021-03-31 | ₩139.83 Billion ≈ $94.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shinhan Seobu T&D REIT 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 decreased by 3393276562000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩287.78 Billion | 113.77% |
| Total Equity | ₩252.96 Billion | 100.00% |
Shinhan Seobu T&D REIT Co Ltd Competitors by Market Cap
The table below lists competitors of Shinhan Seobu T&D REIT Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fong Chien Construction Co Ltd
TWO:5523
|
$148.21 Million |
|
Amber International Holding Limited
NYSE:AMBR
|
$148.25 Million |
|
LG Household & Healthcare Ltd Pref
KO:051905
|
$148.31 Million |
|
Atrium Therapeutics, Inc. Common Stock
NASDAQ:RNA
|
$148.32 Million |
|
Vivozon Healthcare Inc
KQ:082800
|
$148.10 Million |
|
Mayur Resources Ltd
AU:MRL
|
$148.04 Million |
|
Indigo Acquisition Corp. Ordinary Shares
NASDAQ:INAC
|
$147.99 Million |
|
Dana Brata Luhur PT
JK:TEBE
|
$147.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinhan Seobu T&D REIT Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 248,633,124,580 to 252,955,198,860, a change of 4,322,074,280 (1.7%).
- Net income of 1,951,240,550 contributed positively to equity growth.
- Dividend payments of 9,651,268,700 reduced retained earnings.
- Other factors increased equity by 12,022,102,430.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.95 Billion | +0.77% |
| Dividends Paid | ₩9.65 Billion | -3.82% |
| Other Changes | ₩12.02 Billion | +4.75% |
| Total Change | ₩- | 1.74% |
Book Value vs Market Value Analysis
This analysis compares Shinhan Seobu T&D REIT 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: 0.86x
- 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 0.73x to 0.86x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | ₩5183.23 | ₩3795.00 | x |
| 2022-03-31 | ₩4827.48 | ₩3795.00 | x |
| 2023-03-31 | ₩4689.17 | ₩3795.00 | x |
| 2024-03-31 | ₩4555.25 | ₩3795.00 | x |
| 2025-03-31 | ₩4443.38 | ₩3795.00 | x |
| 2026-03-31 | ₩4391.20 | ₩3795.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinhan Seobu T&D REIT 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): 0.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.08%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 4.31x
- Recent ROE (0.77%) is above the historical average (0.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.25% | -3.63% | 0.02x | 2.90x | ₩-14.33 Billion |
| 2022 | 1.79% | 32.97% | 0.03x | 2.15x | ₩-22.17 Billion |
| 2023 | 1.72% | 30.14% | 0.03x | 2.18x | ₩-21.74 Billion |
| 2024 | -0.44% | -6.38% | 0.03x | 2.54x | ₩-26.61 Billion |
| 2025 | -1.48% | -13.62% | 0.02x | 4.42x | ₩-28.53 Billion |
| 2026 | 0.77% | 6.08% | 0.03x | 4.31x | ₩-23.34 Billion |
Industry Comparison
This section compares Shinhan Seobu T&D REIT Co Ltd's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $356,815,491,718
- Average return on equity (ROE) among peers: 0.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinhan Seobu T&D REIT Co Ltd (404990) | ₩344.10 Billion | -0.25% | 2.15x | $148.15 Million |
| Korea Real Estate Investment & Trust Co Ltd (034830) | $1.01 Trillion | -0.84% | 0.87x | $174.21 Million |
| E KOCREF CR REIT (088260) | $306.10 Billion | 1.44% | 0.91x | $141.23 Million |
| Korea Asset In Trust Co Ltd (123890) | $140.13 Billion | 0.00% | 0.59x | $203.58 Million |
| Ktop Reit (145270) | $11.18 Billion | -6.01% | 1.06x | $25.12 Million |
| Nh Prime Reit Co Ltd (338100) | $110.64 Billion | 6.37% | 0.02x | $48.05 Million |
| Jr Global Reit (348950) | $1.19 Trillion | 1.36% | 1.31x | $158.10 Million |
| Koramco Energy Plus Reit Co Ltd (357120) | $480.46 Billion | 1.39% | 1.68x | $270.45 Million |
| Mirae Asset Maps Reit 1 Co Ltd (357250) | $103.08 Billion | 1.78% | 1.95x | $30.76 Million |
| D&D Platform Reit Co Ltd (377190) | $55.26 Billion | -6.00% | 9.83x | $136.29 Million |
| Mirae Asset Global REIT Co. Ltd. (396690) | $165.14 Billion | 0.80% | 1.37x | $37.90 Million |
About Shinhan Seobu T&D REIT Co Ltd
Shinhan Seobu T&D REIT Co., Ltd. is a diversified REIT firm and is headquartered in Seoul, South Korea.