dhSteel (021040) - Net Assets
Based on the latest financial reports, dhSteel (021040) has net assets worth ₩37.95 Billion KRW (≈ $25.72 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩172.13 Billion ≈ $116.65 Million USD) and total liabilities (₩134.18 Billion ≈ $90.93 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. Also explore 021040 total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩37.95 Billion |
| % of Total Assets | 22.05% |
| Annual Growth Rate | 1.1% |
| 5-Year Change | -26.24% |
| 10-Year Change | -5.69% |
| Growth Volatility | 24.1 |
dhSteel - Net Assets Trend (2014–2025)
This chart illustrates how dhSteel's net assets have evolved over time, based on quarterly financial data. Check dhSteel tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for dhSteel (2014–2025)
The table below shows the annual net assets of dhSteel from 2014 to 2025. For live valuation and market cap data, see dhSteel market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩38.63 Billion ≈ $26.18 Million |
-5.78% |
| 2024-12-31 | ₩41.00 Billion ≈ $27.78 Million |
-20.53% |
| 2023-12-31 | ₩51.59 Billion ≈ $34.96 Million |
+9.08% |
| 2022-12-31 | ₩47.29 Billion ≈ $32.05 Million |
-9.70% |
| 2021-12-31 | ₩52.37 Billion ≈ $35.49 Million |
+4.58% |
| 2020-12-31 | ₩50.08 Billion ≈ $33.94 Million |
-30.59% |
| 2019-12-31 | ₩72.15 Billion ≈ $48.90 Million |
-0.38% |
| 2018-12-31 | ₩72.43 Billion ≈ $49.08 Million |
+4.90% |
| 2017-12-31 | ₩69.05 Billion ≈ $46.79 Million |
+68.58% |
| 2016-12-31 | ₩40.96 Billion ≈ $27.76 Million |
+13.66% |
| 2015-12-31 | ₩36.04 Billion ≈ $24.42 Million |
+5.23% |
| 2014-12-31 | ₩34.24 Billion ≈ $23.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to dhSteel'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 1206923268000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩67.24 Billion | 173.91% |
| Total Equity | ₩38.66 Billion | 100.00% |
dhSteel Competitors by Market Cap
The table below lists competitors of dhSteel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dae Hyun
KO:016090
|
$44.62 Million |
|
Uniform Industrial Corp
TW:2482
|
$44.66 Million |
|
ALPINA HOLDINGS
F:B0M
|
$44.66 Million |
|
Siam Steel Service Center Public Company Limited
BK:SSSC
|
$44.68 Million |
|
NewFlex Technology Co. Ltd
KQ:085670
|
$44.59 Million |
|
EyeGene Inc
KQ:185490
|
$44.58 Million |
|
Fractal Gaming Group AB
ST:FRACTL
|
$44.58 Million |
|
Plastiques du Val de Loire
PA:PVL
|
$44.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in dhSteel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 41,244,490,350 to 38,662,786,010, a change of -2,581,704,340 (-6.3%).
- Net loss of 1,631,348,710 reduced equity.
- New share issuances of 150,000,000 increased equity.
- Other factors decreased equity by 1,100,355,630.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-1.63 Billion | -4.22% |
| Share Issuances | ₩150.00 Million | +0.39% |
| Other Changes | ₩-1.10 Billion | -2.85% |
| Total Change | ₩- | -6.26% |
Book Value vs Market Value Analysis
This analysis compares dhSteel'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: 0.43x
- 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 1.22x to 0.43x 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 | ₩736.30 | ₩900.00 | x |
| 2017-12-31 | ₩954.77 | ₩900.00 | x |
| 2018-12-31 | ₩10013.41 | ₩900.00 | x |
| 2019-12-31 | ₩9975.19 | ₩900.00 | x |
| 2020-12-31 | ₩6923.68 | ₩900.00 | x |
| 2021-12-31 | ₩6641.44 | ₩900.00 | x |
| 2022-12-31 | ₩6339.82 | ₩900.00 | x |
| 2023-12-31 | ₩3037.48 | ₩900.00 | x |
| 2024-12-31 | ₩2251.74 | ₩900.00 | x |
| 2025-12-31 | ₩2110.79 | ₩900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently dhSteel 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): -4.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.59%
- • Asset Turnover: 1.58x
- • Equity Multiplier: 4.53x
- Recent ROE (-4.22%) is above the historical average (-4.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -5.01% | -0.72% | 1.31x | 5.27x | ₩-4.82 Billion |
| 2015 | 6.93% | 1.24% | 1.30x | 4.28x | ₩-1.11 Billion |
| 2016 | 13.68% | 3.02% | 1.32x | 3.45x | ₩1.51 Billion |
| 2017 | 5.81% | 1.96% | 1.36x | 2.19x | ₩-2.89 Billion |
| 2018 | 2.94% | 1.01% | 1.33x | 2.17x | ₩-5.12 Billion |
| 2019 | 0.96% | 0.34% | 1.38x | 2.05x | ₩-6.52 Billion |
| 2020 | -46.25% | -16.35% | 1.21x | 2.34x | ₩-28.17 Billion |
| 2021 | 13.93% | 3.44% | 0.97x | 4.19x | ₩2.06 Billion |
| 2022 | -9.97% | -1.54% | 1.41x | 4.61x | ₩-9.44 Billion |
| 2023 | -6.89% | -1.18% | 1.49x | 3.91x | ₩-8.71 Billion |
| 2024 | -31.44% | -4.37% | 1.60x | 4.48x | ₩-17.09 Billion |
| 2025 | -4.22% | -0.59% | 1.58x | 4.53x | ₩-5.50 Billion |
Industry Comparison
This section compares dhSteel's net assets metrics with peer companies in the Metals & Mining industry.
Industry Context
- Industry: Metals & Mining
- Average net assets among peers: $79,872,074,846
- Average return on equity (ROE) among peers: 2.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| dhSteel (021040) | ₩37.95 Billion | -5.01% | 3.54x | $44.59 Million |
| POSCO M-TECH Co. Ltd (009520) | $162.76 Billion | 6.77% | 1.19x | $309.86 Million |
| Dongil Steel Co. Ltd (023790) | $45.56 Billion | -2.27% | 1.69x | $4.88 Million |
| Gyeongnam Steel Co. Ltd (039240) | $81.06 Billion | 5.25% | 0.83x | $32.83 Million |
| Daedong Steel Co. Ltd (048470) | $71.55 Billion | -3.06% | 0.33x | $16.71 Million |
| Dongyang S.Tec Co.Ltd (060380) | $49.93 Billion | 0.00% | 1.67x | $7.99 Million |
| Hanchang Ind.Co.Ltd (079170) | $72.51 Billion | 9.08% | 0.19x | $16.39 Million |
| Tplex Co. Ltd (081150) | $75.73 Billion | 1.81% | 0.71x | $44.90 Million |
About dhSteel
Daeho Special Steel Co., Ltd. manufactures and sells steel materials in South Korea. It offers cold heading quality wire rods for use in automobile components, machinery components, electric and electronic parts, construction bolts, etc.; stainless steel wires, such as spring, scrubber, free cutting, weaving, rope, welding, and cold heading wires; and cold drawn wire rods for use in machinery com… Read more