DAEHAN SHIPBUILDING LTD
Daehan Shipbuilding Co., Ltd. provides ship construction and repair services. It develops crude oil tankers, product carriers, shuttle tankers, container carriers, and bulk carriers. The company was founded in 1987 and is based in Haenam-eup, South Korea.
DAEHAN SHIPBUILDING LTD (439260) - Net Assets
Latest net assets as of September 2025: ₩1.02 Trillion KRW
Based on the latest financial reports, DAEHAN SHIPBUILDING LTD (439260) has net assets worth ₩1.02 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.43 Trillion) and total liabilities (₩410.79 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 | ₩1.02 Trillion |
| % of Total Assets | 71.26% |
| Annual Growth Rate | 83.18% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 68.72 |
DAEHAN SHIPBUILDING LTD - Net Assets Trend (2022–2024)
This chart illustrates how DAEHAN SHIPBUILDING LTD's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for DAEHAN SHIPBUILDING LTD (2022–2024)
The table below shows the annual net assets of DAEHAN SHIPBUILDING LTD from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩453.44 Billion | +164.44% |
| 2023-12-31 | ₩171.48 Billion | +26.99% |
| 2022-12-31 | ₩135.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to DAEHAN SHIPBUILDING 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 94058487453000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩212.03 Billion | 46.76% |
| Other Components | ₩241.41 Billion | 53.24% |
| Total Equity | ₩453.44 Billion | 100.00% |
DAEHAN SHIPBUILDING LTD Competitors by Market Cap
The table below lists competitors of DAEHAN SHIPBUILDING LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Business Travel Group Inc
NYSE:GBTG
|
$1.10 Billion |
|
Distribution Solutions Group Inc
NASDAQ:DSGR
|
$1.10 Billion |
|
Indosat Tbk
JK:ISAT
|
$1.10 Billion |
|
Zhuzhou Times New Material Technology Co Ltd
SHG:600458
|
$1.10 Billion |
|
Guangzhou Kingmed Diagnostics Group Co Ltd
SHG:603882
|
$1.10 Billion |
|
ManpowerGroup Inc
NYSE:MAN
|
$1.10 Billion |
|
Sinochem International Corp
SHG:600500
|
$1.10 Billion |
|
ATAI Life Sciences BV
NASDAQ:ATAI
|
$1.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DAEHAN SHIPBUILDING LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 171,475,941,700 to 453,443,097,210, a change of 281,967,155,510 (164.4%).
- Net income of 172,651,288,140 contributed positively to equity growth.
- Other factors increased equity by 109,315,867,370.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩172.65 Billion | +38.08% |
| Other Changes | ₩109.32 Billion | +24.11% |
| Total Change | ₩- | 164.44% |
Book Value vs Market Value Analysis
This analysis compares DAEHAN SHIPBUILDING 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: 8.25x
- 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 27.70x to 8.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩3504.86 | ₩97100.00 | x |
| 2023-12-31 | ₩4450.88 | ₩97100.00 | x |
| 2024-12-31 | ₩11769.70 | ₩97100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DAEHAN SHIPBUILDING 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): 38.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.06%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.98x
- Recent ROE (38.08%) is above the historical average (17.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -7.73% | -1.51% | 0.82x | 6.24x | ₩-23.95 Billion |
| 2023 | 22.34% | 4.69% | 1.00x | 4.74x | ₩21.17 Billion |
| 2024 | 38.08% | 16.06% | 0.80x | 2.98x | ₩127.31 Billion |
Industry Comparison
This section compares DAEHAN SHIPBUILDING LTD's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,319,962,607,460
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DAEHAN SHIPBUILDING LTD (439260) | ₩1.02 Trillion | -7.73% | 0.40x | $1.10 Billion |
| SNT Dynamics Co Ltd (003570) | $604.53 Billion | -5.12% | 0.39x | $338.06 Million |
| Korea Shipbuilding & Offshore Engineering Co Ltd (009540) | $11.01 Trillion | 19.45% | 2.31x | $12.83 Billion |
| Samsung Heavy Industries (010140) | $5.28 Trillion | 15.07% | 2.15x | $12.09 Billion |
| Firstec (010820) | $68.61 Billion | 4.01% | 0.70x | $141.86 Million |
| Hanwha Aerospace Co Ltd (012450) | $607.38 Billion | 7.32% | 1.96x | $22.01 Billion |
| Hanwha Ocean Co., Ltd (042660) | $638.12 Billion | 8.71% | 4.10x | $11.62 Billion |
| Korea Aerospace Industries (047810) | $1.21 Trillion | 21.34% | 1.31x | $7.66 Billion |
| LIG Nex1 Co Ltd (079550) | $633.97 Billion | 0.50% | 2.66x | $6.68 Billion |
| Hanwha Systems Co Ltd (272210) | $820.97 Billion | 5.02% | 1.32x | $7.00 Billion |