Daewon Sanup Co. Ltd
Daewon Sanup Co., Ltd manufactures and sells automobile seats in South Korea, China, Russia, and internationally. It provides products under the Grand Carnival, Pride, Forte, Sorrento, and Morning names. The company was formerly known as Daewon Seat Industries Co., Ltd. and changed its name to Daewon Sanup Co., Ltd in March 1990. The company was incorporated in 1968 and is headquartered in Ansan-… Read more
Daewon Sanup Co. Ltd (005710) - Net Assets
Latest net assets as of September 2025: ₩571.94 Billion KRW
Based on the latest financial reports, Daewon Sanup Co. Ltd (005710) has net assets worth ₩571.94 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 (₩781.15 Billion) and total liabilities (₩209.21 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 | ₩571.94 Billion |
| % of Total Assets | 73.22% |
| Annual Growth Rate | 11.93% |
| 5-Year Change | 54.19% |
| 10-Year Change | 175.05% |
| Growth Volatility | 8.58 |
Daewon Sanup Co. Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Daewon Sanup Co. 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 Daewon Sanup Co. Ltd (2006–2024)
The table below shows the annual net assets of Daewon Sanup Co. Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩512.39 Billion | +14.95% |
| 2023-12-31 | ₩445.76 Billion | +6.73% |
| 2022-12-31 | ₩417.66 Billion | +12.33% |
| 2021-12-31 | ₩371.81 Billion | +11.89% |
| 2020-12-31 | ₩332.31 Billion | +6.72% |
| 2019-12-31 | ₩311.38 Billion | +13.13% |
| 2018-12-31 | ₩275.24 Billion | +9.03% |
| 2017-12-31 | ₩252.44 Billion | +14.00% |
| 2016-12-31 | ₩221.44 Billion | +18.87% |
| 2015-12-31 | ₩186.29 Billion | +3.43% |
| 2014-12-31 | ₩180.11 Billion | +5.53% |
| 2013-12-31 | ₩170.66 Billion | +19.29% |
| 2012-12-31 | ₩143.06 Billion | +14.29% |
| 2011-12-31 | ₩125.18 Billion | +41.05% |
| 2010-12-31 | ₩88.74 Billion | +14.99% |
| 2009-12-31 | ₩77.18 Billion | +7.28% |
| 2008-12-31 | ₩71.94 Billion | +2.01% |
| 2007-12-31 | ₩70.52 Billion | +4.74% |
| 2006-12-31 | ₩67.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Daewon Sanup 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 911.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩487.74 Billion | 95.19% |
| Common Stock | ₩10.02 Billion | 1.96% |
| Other Components | ₩14.64 Billion | 2.86% |
| Total Equity | ₩512.39 Billion | 100.00% |
Daewon Sanup Co. Ltd Competitors by Market Cap
The table below lists competitors of Daewon Sanup Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Penneo AS
CO:PENNEO
|
$66.02 Million |
|
Fasadgruppen Group AB
ST:FG
|
$66.06 Million |
|
GM Breweries Limited
NSE:GMBREW
|
$66.06 Million |
|
Austriacard Holdings AG
F:ACQ0
|
$66.07 Million |
|
ViGenCell Inc.
KQ:308080
|
$66.00 Million |
|
Shenzhen CAU Technology Co Ltd
SHE:000004
|
$66.00 Million |
|
Nova Vision Acquisition Corp
NASDAQ:NOVV
|
$65.98 Million |
|
Synlait Milk Limited
PINK:SMLKF
|
$65.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daewon Sanup Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 445,755,758,940 to 512,394,587,370, a change of 66,638,828,430 (14.9%).
- Net income of 72,618,867,840 contributed positively to equity growth.
- Dividend payments of 3,506,580,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩72.62 Billion | +14.17% |
| Dividends Paid | ₩3.51 Billion | -0.68% |
| Other Changes | ₩-2.47 Billion | -0.48% |
| Total Change | ₩- | 14.95% |
Book Value vs Market Value Analysis
This analysis compares Daewon Sanup 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: 0.51x
- 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 1.18x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩11051.43 | ₩13020.00 | x |
| 2017-12-31 | ₩12598.50 | ₩13020.00 | x |
| 2018-12-31 | ₩13736.09 | ₩13020.00 | x |
| 2019-12-31 | ₩15539.69 | ₩13020.00 | x |
| 2020-12-31 | ₩16584.15 | ₩13020.00 | x |
| 2021-12-31 | ₩18555.54 | ₩13020.00 | x |
| 2022-12-31 | ₩20843.93 | ₩13020.00 | x |
| 2023-12-31 | ₩22245.97 | ₩13020.00 | x |
| 2024-12-31 | ₩25571.65 | ₩13020.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daewon Sanup 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): 14.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.80%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 1.39x
- Recent ROE (14.17%) is above the historical average (10.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 8.62% | 1.48% | 2.63x | 2.21x | ₩-925.77 Million |
| 2007 | 5.37% | 1.34% | 2.25x | 1.78x | ₩-3.27 Billion |
| 2008 | 0.18% | 0.06% | 1.94x | 1.64x | ₩-7.06 Billion |
| 2009 | 9.66% | 2.51% | 1.92x | 2.00x | ₩-265.45 Million |
| 2010 | 13.66% | 3.45% | 1.64x | 2.41x | ₩3.25 Billion |
| 2011 | 11.17% | 2.47% | 1.99x | 2.27x | ₩1.47 Billion |
| 2012 | 17.39% | 3.85% | 2.10x | 2.15x | ₩10.57 Billion |
| 2013 | 16.80% | 4.27% | 2.07x | 1.90x | ₩11.60 Billion |
| 2014 | 7.32% | 1.85% | 1.95x | 2.03x | ₩-4.83 Billion |
| 2015 | 3.42% | 0.82% | 2.52x | 1.65x | ₩-12.25 Billion |
| 2016 | 19.33% | 5.20% | 1.88x | 1.98x | ₩20.67 Billion |
| 2017 | 13.45% | 4.26% | 1.88x | 1.68x | ₩8.72 Billion |
| 2018 | 10.22% | 4.04% | 1.53x | 1.65x | ₩608.61 Million |
| 2019 | 12.55% | 5.91% | 1.37x | 1.55x | ₩7.94 Billion |
| 2020 | 5.44% | 2.81% | 1.26x | 1.53x | ₩-15.16 Billion |
| 2021 | 8.81% | 4.29% | 1.38x | 1.48x | ₩-4.44 Billion |
| 2022 | 9.02% | 5.11% | 1.32x | 1.34x | ₩-4.11 Billion |
| 2023 | 8.02% | 4.60% | 1.38x | 1.27x | ₩-8.84 Billion |
| 2024 | 14.17% | 7.80% | 1.31x | 1.39x | ₩21.38 Billion |
Industry Comparison
This section compares Daewon Sanup Co. Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $463,914,173,815
- Average return on equity (ROE) among peers: 8.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daewon Sanup Co. Ltd (005710) | ₩571.94 Billion | 8.62% | 0.37x | $66.02 Million |
| Hankook Tire Worldwide (000240) | $2.53 Trillion | 17.30% | 1.28x | $386.31 Million |
| Daewonkangup (000430) | $177.80 Billion | 6.09% | 1.32x | $58.53 Million |
| SG Choongbang Co Ltd (001380) | $124.57 Billion | -1.20% | 0.62x | $17.08 Million |
| Tae Won Mulsan (001420) | $32.21 Billion | 1.11% | 0.19x | $6.09 Million |
| Dongkook Ind (001620) | $196.05 Billion | 3.88% | 2.17x | $26.41 Million |
| PS Tec. Co. Ltd (002230) | $127.41 Billion | 7.29% | 0.08x | $40.17 Million |
| Nexen Tire (002350) | $462.24 Billion | 17.49% | 1.60x | $176.66 Million |
| Nexen Tire Prf 1 (002355) | $797.00 Billion | 15.39% | 1.89x | $107.38 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $12.98 Million |
| Yoo Sung Ent (002920) | $139.17 Billion | 7.43% | 0.47x | $17.31 Million |