Daedong Gear Co. Ltd (008830) - Net Assets
Based on the latest financial reports, Daedong Gear Co. Ltd (008830) has net assets worth ₩79.86 Billion KRW (≈ $54.12 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 (₩263.37 Billion ≈ $178.48 Million USD) and total liabilities (₩183.51 Billion ≈ $124.36 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 Daedong Gear Co. Ltd (008830) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩79.86 Billion |
| % of Total Assets | 30.32% |
| Annual Growth Rate | 5.43% |
| 5-Year Change | 31.99% |
| 10-Year Change | 33.78% |
| Growth Volatility | 9.99 |
Daedong Gear Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Daedong Gear Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 008830 asset base for the complete picture of this company's asset base.
Annual Net Assets for Daedong Gear Co. Ltd (2014–2024)
The table below shows the annual net assets of Daedong Gear Co. Ltd from 2014 to 2024. For live valuation and market cap data, see 008830 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩85.55 Billion ≈ $57.98 Million |
-1.73% |
| 2023-12-31 | ₩87.06 Billion ≈ $59.00 Million |
+17.17% |
| 2022-12-31 | ₩74.30 Billion ≈ $50.35 Million |
+7.37% |
| 2021-12-31 | ₩69.20 Billion ≈ $46.90 Million |
+6.77% |
| 2020-12-31 | ₩64.82 Billion ≈ $43.92 Million |
+12.98% |
| 2019-12-31 | ₩57.37 Billion ≈ $38.88 Million |
-2.67% |
| 2018-12-31 | ₩58.95 Billion ≈ $39.95 Million |
-2.29% |
| 2017-12-31 | ₩60.33 Billion ≈ $40.88 Million |
+0.83% |
| 2016-12-31 | ₩59.83 Billion ≈ $40.55 Million |
-6.44% |
| 2015-12-31 | ₩63.95 Billion ≈ $43.34 Million |
+26.90% |
| 2014-12-31 | ₩50.39 Billion ≈ $34.15 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Daedong Gear 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 17.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩49.41 Billion | 57.75% |
| Common Stock | ₩4.49 Billion | 5.25% |
| Other Components | ₩31.65 Billion | 36.99% |
| Total Equity | ₩85.55 Billion | 100.00% |
Daedong Gear Co. Ltd Competitors by Market Cap
The table below lists competitors of Daedong Gear Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aurskog Sparebank
OL:AURG
|
$123.04 Million |
|
Siam Wellness Group Public Company Limited
BK:SPA
|
$123.12 Million |
|
Pioneer Floating Rate Trust
NYSE:PHD
|
$123.13 Million |
|
Jindal Photo Limited
NSE:JINDALPHOT
|
$123.17 Million |
|
Cemtas Celik Makina Sanayi ve Ticaret AS
IS:CEMTS
|
$122.96 Million |
|
Paragon Union Bhd
KLSE:9407
|
$122.87 Million |
|
Macauto Industrial Co Ltd
TWO:9951
|
$122.87 Million |
|
GPT Healthcare Ltd
NSE:GPTHEALTH
|
$122.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daedong Gear Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 87,057,307,040 to 85,553,708,330, a change of -1,503,598,710 (-1.7%).
- Net income of 1,168,268,540 contributed positively to equity growth.
- Dividend payments of 359,500,800 reduced retained earnings.
- Other factors decreased equity by 2,312,366,450.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.17 Billion | +1.37% |
| Dividends Paid | ₩359.50 Million | -0.42% |
| Other Changes | ₩-2.31 Billion | -2.7% |
| Total Change | ₩- | -1.73% |
Book Value vs Market Value Analysis
This analysis compares Daedong Gear 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: 2.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.03x to 2.12x 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 | ₩6657.36 | ₩20200.00 | x |
| 2017-12-31 | ₩6712.55 | ₩20200.00 | x |
| 2018-12-31 | ₩6558.61 | ₩20200.00 | x |
| 2019-12-31 | ₩6383.39 | ₩20200.00 | x |
| 2020-12-31 | ₩7211.78 | ₩20200.00 | x |
| 2021-12-31 | ₩7699.80 | ₩20200.00 | x |
| 2022-12-31 | ₩8267.16 | ₩20200.00 | x |
| 2023-12-31 | ₩9686.47 | ₩20200.00 | x |
| 2024-12-31 | ₩9519.17 | ₩20200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daedong Gear 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): 1.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.45%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 2.92x
- Recent ROE (1.37%) is below the historical average (1.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.28% | 0.11% | 0.88x | 2.87x | ₩-4.90 Billion |
| 2015 | 1.39% | 0.77% | 0.69x | 2.60x | ₩-5.51 Billion |
| 2016 | -5.13% | -3.30% | 0.56x | 2.75x | ₩-9.05 Billion |
| 2017 | 0.12% | 0.06% | 0.62x | 3.04x | ₩-5.96 Billion |
| 2018 | 0.36% | 0.16% | 0.76x | 2.93x | ₩-5.68 Billion |
| 2019 | -0.97% | -0.39% | 0.78x | 3.19x | ₩-6.29 Billion |
| 2020 | 3.61% | 1.50% | 0.81x | 2.98x | ₩-4.14 Billion |
| 2021 | 6.88% | 2.35% | 0.94x | 3.11x | ₩-2.16 Billion |
| 2022 | 5.69% | 1.75% | 0.98x | 3.31x | ₩-3.20 Billion |
| 2023 | 3.18% | 0.99% | 1.14x | 2.83x | ₩-5.93 Billion |
| 2024 | 1.37% | 0.45% | 1.03x | 2.92x | ₩-7.39 Billion |
Industry Comparison
This section compares Daedong Gear Co. Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $565,000,713,308
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daedong Gear Co. Ltd (008830) | ₩79.86 Billion | 0.28% | 2.30x | $123.03 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $1.60 Billion |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $183.40 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $33.46 Million |
| Tae Won Mulsan (001420) | $32.20 Billion | 1.67% | 0.19x | $15.16 Million |
| Dongkook Ind (001620) | $170.07 Billion | -12.97% | 2.34x | $48.42 Million |
| PS Tec. Co. Ltd (002230) | $42.65 Billion | 9.95% | 0.26x | $112.51 Million |
| Nexen Tire (002350) | $1.60 Trillion | 0.30% | 1.39x | $484.20 Million |
| Nexen Tire Prf 1 (002355) | $1.56 Trillion | 7.59% | 1.21x | $19.07 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $31.63 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $33.27 Million |
About Daedong Gear Co. Ltd
Daedong Gear Co., Ltd. manufactures and sells power transmission parts in South Korea and internationally. The company offers cultivator, transmission and axle assemblies for tractors and rice transplanters, as well as transmission assemblies for combines and utility terrain vehicles. It also provides counter shafts and differential assemblies, differential gears, counter shafts, and gear and hub… Read more