Hanil Forging Industrial Co. Ltd (024740) - Net Assets
Based on the latest financial reports, Hanil Forging Industrial Co. Ltd (024740) has net assets worth ₩159.69 Billion KRW (≈ $108.22 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩314.25 Billion ≈ $212.96 Million USD) and total liabilities (₩154.56 Billion ≈ $104.74 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 024740 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩159.69 Billion |
| % of Total Assets | 50.82% |
| Annual Growth Rate | 7.06% |
| 5-Year Change | 44.58% |
| 10-Year Change | 66.98% |
| Growth Volatility | 13.09 |
Hanil Forging Industrial Co. Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Hanil Forging Industrial Co. Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Hanil Forging Industrial Co. Ltd market capitalisation.
Annual Net Assets for Hanil Forging Industrial Co. Ltd (2008–2025)
The table below shows the annual net assets of Hanil Forging Industrial Co. Ltd from 2008 to 2025. Also explore Hanil Forging Industrial Co. Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩143.47 Billion ≈ $97.23 Million |
+7.99% |
| 2024-12-31 | ₩132.85 Billion ≈ $90.03 Million |
+7.43% |
| 2023-12-31 | ₩123.67 Billion ≈ $83.81 Million |
+10.60% |
| 2022-12-31 | ₩111.82 Billion ≈ $75.78 Million |
+12.69% |
| 2021-12-31 | ₩99.23 Billion ≈ $67.25 Million |
-6.41% |
| 2020-12-31 | ₩106.02 Billion ≈ $71.85 Million |
-4.09% |
| 2019-12-31 | ₩110.55 Billion ≈ $74.92 Million |
+5.36% |
| 2018-12-31 | ₩104.93 Billion ≈ $71.11 Million |
+18.24% |
| 2017-12-31 | ₩88.74 Billion ≈ $60.14 Million |
+3.28% |
| 2016-12-31 | ₩85.92 Billion ≈ $58.22 Million |
+6.43% |
| 2015-12-31 | ₩80.73 Billion ≈ $54.71 Million |
+1.70% |
| 2014-12-31 | ₩79.38 Billion ≈ $53.79 Million |
-0.43% |
| 2013-12-31 | ₩79.72 Billion ≈ $54.03 Million |
-4.81% |
| 2012-12-31 | ₩83.75 Billion ≈ $56.75 Million |
-3.31% |
| 2011-12-31 | ₩86.61 Billion ≈ $58.70 Million |
+6.76% |
| 2010-12-31 | ₩81.13 Billion ≈ $54.98 Million |
+19.29% |
| 2009-12-31 | ₩68.01 Billion ≈ $46.09 Million |
+51.16% |
| 2008-12-31 | ₩44.99 Billion ≈ $30.49 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hanil Forging Industrial 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 6945609025000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩69.46 Billion | 50.47% |
| Other Components | ₩68.17 Billion | 49.53% |
| Total Equity | ₩137.62 Billion | 100.00% |
Hanil Forging Industrial Co. Ltd Competitors by Market Cap
The table below lists competitors of Hanil Forging Industrial Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Viscom AG
XETRA:V6C
|
$46.02 Million |
|
Soluciones Cuatroochenta S.L.
MC:480S
|
$46.04 Million |
|
Lithium South Development Corp
V:LIS
|
$46.05 Million |
|
Green Critical Minerals Ltd
AU:GCM
|
$46.06 Million |
|
Yufo Electronics Co Ltd
TWO:6194
|
$45.97 Million |
|
Corby Spirit and Wine Limited
TO:CSW-B
|
$45.97 Million |
|
Grazziotin S.A
SA:CGRA3
|
$45.97 Million |
|
Glaston Oyj Abp
HE:GLA1V
|
$45.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanil Forging Industrial Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 132,850,228,080 to 137,623,133,250, a change of 4,772,905,170 (3.6%).
- Net income of 1,468,628,310 contributed positively to equity growth.
- Other factors increased equity by 3,304,276,860.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.47 Billion | +1.07% |
| Other Changes | ₩3.30 Billion | +2.4% |
| Total Change | ₩- | 3.59% |
Book Value vs Market Value Analysis
This analysis compares Hanil Forging Industrial 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: 0.54x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩4875.86 | ₩2295.00 | x |
| 2017-12-31 | ₩4140.55 | ₩2295.00 | x |
| 2018-12-31 | ₩3545.80 | ₩2295.00 | x |
| 2019-12-31 | ₩3735.84 | ₩2295.00 | x |
| 2020-12-31 | ₩3582.87 | ₩2295.00 | x |
| 2021-12-31 | ₩3353.34 | ₩2295.00 | x |
| 2022-12-31 | ₩3586.74 | ₩2295.00 | x |
| 2023-12-31 | ₩3830.21 | ₩2295.00 | x |
| 2024-12-31 | ₩4075.50 | ₩2295.00 | x |
| 2025-12-31 | ₩4221.92 | ₩2295.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanil Forging Industrial 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): 1.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.16%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.85x
- Recent ROE (1.07%) is below the historical average (2.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 13.74% | 7.19% | 0.92x | 2.08x | ₩1.65 Billion |
| 2009 | 4.24% | 4.16% | 0.52x | 1.97x | ₩-3.86 Billion |
| 2010 | 6.24% | 5.35% | 0.56x | 2.08x | ₩-3.01 Billion |
| 2011 | 2.11% | 1.41% | 0.64x | 2.35x | ₩-6.78 Billion |
| 2014 | -0.38% | -0.21% | 0.69x | 2.62x | ₩-8.20 Billion |
| 2015 | 2.96% | 1.57% | 0.74x | 2.53x | ₩-5.67 Billion |
| 2016 | 3.52% | 2.50% | 0.60x | 2.34x | ₩-5.57 Billion |
| 2017 | -3.08% | -2.05% | 0.58x | 2.60x | ₩-11.60 Billion |
| 2018 | -1.06% | -0.73% | 0.67x | 2.17x | ₩-11.61 Billion |
| 2019 | 2.86% | 2.24% | 0.60x | 2.11x | ₩-7.89 Billion |
| 2020 | -3.19% | -2.45% | 0.59x | 2.20x | ₩-13.98 Billion |
| 2021 | -8.66% | -5.64% | 0.68x | 2.26x | ₩-18.52 Billion |
| 2022 | 6.15% | 3.88% | 0.69x | 2.31x | ₩-4.30 Billion |
| 2023 | 6.25% | 4.19% | 0.69x | 2.15x | ₩-4.49 Billion |
| 2024 | 4.69% | 4.47% | 0.53x | 1.99x | ₩-7.05 Billion |
| 2025 | 1.07% | 1.16% | 0.50x | 1.85x | ₩-12.29 Billion |
Industry Comparison
This section compares Hanil Forging Industrial Co. Ltd's net assets metrics with peer companies in the Automobiles & Auto Parts industry.
Industry Context
- Industry: Automobiles & Auto Parts
- Average net assets among peers: $124,645,788,576
- Average return on equity (ROE) among peers: 6.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanil Forging Industrial Co. Ltd (024740) | ₩159.69 Billion | 13.74% | 0.97x | $46.02 Million |
| CBI Co. Ltd (013720) | $20.41 Billion | -2.75% | 0.67x | $11.31 Million |
| Ilji Technology Co. Ltd (019540) | $150.33 Billion | 14.97% | 2.83x | $44.68 Million |
| HRS Co. Ltd (036640) | $122.64 Billion | 12.32% | 0.11x | $54.44 Million |
| Ecoplastic Corporation (038110) | $109.72 Billion | -0.75% | 4.72x | $35.23 Million |
| Saedong Co.Ltd (053060) | $22.72 Billion | 0.68% | 2.31x | $18.20 Million |
| Guyoung Technology Co. Ltd (053270) | $22.88 Billion | 7.60% | 4.57x | $33.34 Million |
| Sambo Motors Co. Ltd (053700) | $419.36 Billion | 4.83% | 2.19x | $42.11 Million |
| ESTec Corporation (069510) | $234.99 Billion | 17.71% | 0.47x | $73.29 Million |
| Sungchang Autotech Co. Ltd (080470) | $18.75 Billion | 7.20% | 0.76x | $13.41 Million |
About Hanil Forging Industrial Co. Ltd
Hanil Forging Industrial Co., Ltd. produces and supplies automobile components in South Korea and internationally. The company provides axle shafts, spindles, ring gears, hammer forgings, and aluminum forgings for use in SUVs, trucks, buses, trailers, electric trains, ships, aircrafts, and passenger cars, as well as in industrial machinery. It also offers defense industrial products, which are us… Read more