Kyung Chang Industrial Co. Ltd
Kyung Chang Industrial Co., Ltd. manufactures and sells automotive parts in South Korea and internationally. It offers motors, inverters, and reducers; chassis systems; and precision press parts. The company was founded in 1961 and is based in Daegu, South Korea.
Kyung Chang Industrial Co. Ltd (024910) - Net Assets
Latest net assets as of September 2025: ₩137.39 Billion KRW
Based on the latest financial reports, Kyung Chang Industrial Co. Ltd (024910) has net assets worth ₩137.39 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 (₩498.36 Billion) and total liabilities (₩360.97 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 | ₩137.39 Billion |
| % of Total Assets | 27.57% |
| Annual Growth Rate | 6.53% |
| 5-Year Change | 57.93% |
| 10-Year Change | 10.71% |
| Growth Volatility | 29.94 |
Kyung Chang Industrial Co. Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Kyung Chang Industrial 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 Kyung Chang Industrial Co. Ltd (2001–2024)
The table below shows the annual net assets of Kyung Chang Industrial Co. Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩131.76 Billion | -12.11% |
| 2023-12-31 | ₩149.91 Billion | +23.99% |
| 2022-12-31 | ₩120.91 Billion | +35.54% |
| 2021-12-31 | ₩89.21 Billion | +6.93% |
| 2020-12-31 | ₩83.43 Billion | +9.13% |
| 2019-12-31 | ₩76.45 Billion | -46.43% |
| 2018-12-31 | ₩142.69 Billion | -9.09% |
| 2017-12-31 | ₩156.97 Billion | +25.11% |
| 2016-12-31 | ₩125.46 Billion | +5.42% |
| 2015-12-31 | ₩119.01 Billion | -3.47% |
| 2014-12-31 | ₩123.29 Billion | +20.30% |
| 2013-12-31 | ₩102.49 Billion | +17.91% |
| 2012-12-31 | ₩86.92 Billion | +21.07% |
| 2011-12-31 | ₩71.79 Billion | +99.60% |
| 2002-12-31 | ₩35.97 Billion | +16.84% |
| 2001-12-31 | ₩30.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kyung Chang 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 4195383868000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩41.95 Billion | 31.84% |
| Common Stock | ₩17.91 Billion | 13.59% |
| Other Components | ₩71.89 Billion | 54.57% |
| Total Equity | ₩131.76 Billion | 100.00% |
Kyung Chang Industrial Co. Ltd Competitors by Market Cap
The table below lists competitors of Kyung Chang Industrial Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Generation Bio Co
NASDAQ:GBIO
|
$22.36 Million |
|
Snow Lake Resources Ltd
NASDAQ:LITM
|
$22.36 Million |
|
Robo.ai Inc.
NASDAQ:AIIO
|
$22.37 Million |
|
Keck Seng Investments (Hong Kong) Limited
PINK:KCKSF
|
$22.37 Million |
|
Kwang Myung El
KO:017040
|
$22.35 Million |
|
NUUO Inc.
TWO:6419
|
$22.35 Million |
|
Themis Medicare Limited
NSE:THEMISMED
|
$22.34 Million |
|
Panache Digilife Limited
NSE:PANACHE
|
$22.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kyung Chang Industrial Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 134,382,733,090 to 131,757,461,340, a change of -2,625,271,750 (-2.0%).
- Net income of 2,815,158,910 contributed positively to equity growth.
- Dividend payments of 1,774,658,850 reduced retained earnings.
- Other factors decreased equity by 3,665,771,810.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.82 Billion | +2.14% |
| Dividends Paid | ₩1.77 Billion | -1.35% |
| Other Changes | ₩-3.67 Billion | -2.78% |
| Total Change | ₩- | -1.95% |
Book Value vs Market Value Analysis
This analysis compares Kyung Chang 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: 0.49x
- 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 increased from 0.36x to 0.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩5029.86 | ₩1815.00 | x |
| 2017-12-31 | ₩5725.78 | ₩1815.00 | x |
| 2018-12-31 | ₩4096.10 | ₩1815.00 | x |
| 2019-12-31 | ₩2181.00 | ₩1815.00 | x |
| 2020-12-31 | ₩2344.51 | ₩1815.00 | x |
| 2021-12-31 | ₩2507.00 | ₩1815.00 | x |
| 2022-12-31 | ₩3397.96 | ₩1815.00 | x |
| 2023-12-31 | ₩3776.51 | ₩1815.00 | x |
| 2024-12-31 | ₩3702.73 | ₩1815.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kyung Chang 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): 2.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.44%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 3.68x
- Recent ROE (2.14%) is above the historical average (1.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 14.31% | 3.38% | 1.74x | 2.44x | ₩1.06 Billion |
| 2002 | 15.23% | 3.59% | 1.54x | 2.76x | ₩1.48 Billion |
| 2011 | 6.41% | 1.10% | 1.05x | 5.55x | ₩-2.46 Billion |
| 2012 | 13.47% | 2.64% | 1.08x | 4.74x | ₩2.88 Billion |
| 2013 | 26.71% | 4.93% | 1.21x | 4.46x | ₩16.25 Billion |
| 2014 | 20.09% | 4.24% | 1.16x | 4.08x | ₩11.76 Billion |
| 2015 | 8.58% | 1.71% | 1.03x | 4.87x | ₩-1.69 Billion |
| 2016 | 6.20% | 1.20% | 1.05x | 4.89x | ₩-4.77 Billion |
| 2017 | -20.94% | -5.84% | 0.86x | 4.19x | ₩-48.57 Billion |
| 2018 | -16.77% | -4.01% | 0.93x | 4.47x | ₩-38.20 Billion |
| 2019 | -93.34% | -13.43% | 0.94x | 7.39x | ₩-79.00 Billion |
| 2020 | 5.76% | 0.99% | 0.93x | 6.26x | ₩-3.54 Billion |
| 2021 | 4.75% | 0.75% | 1.11x | 5.68x | ₩-4.68 Billion |
| 2022 | 17.04% | 3.35% | 1.21x | 4.20x | ₩8.52 Billion |
| 2023 | 6.79% | 1.37% | 1.32x | 3.77x | ₩-4.31 Billion |
| 2024 | 2.14% | 0.44% | 1.31x | 3.68x | ₩-10.36 Billion |
Industry Comparison
This section compares Kyung Chang Industrial Co. Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $178,370,436,960
- Average return on equity (ROE) among peers: 6.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kyung Chang Industrial Co. Ltd (024910) | ₩137.39 Billion | 14.31% | 2.63x | $22.36 Million |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $58.24 Million |
| SG Choongbang Co Ltd (001380) | $121.16 Billion | -2.02% | 0.53x | $17.95 Million |
| Tae Won Mulsan (001420) | $32.21 Billion | 1.11% | 0.19x | $5.83 Million |
| Dongkook Ind (001620) | $158.93 Billion | 7.79% | 0.99x | $24.69 Million |
| PS Tec. Co. Ltd (002230) | $35.25 Billion | 7.67% | 0.19x | $43.72 Million |
| Nexen Tire (002350) | $278.71 Billion | 10.01% | 1.56x | $169.71 Million |
| Nexen Tire Prf 1 (002355) | $797.00 Billion | 15.39% | 1.89x | $98.76 Million |
| Dayou A-Tech (002880) | $44.11 Billion | 11.75% | 6.59x | $13.14 Million |
| Yoo Sung Ent (002920) | $168.22 Billion | 0.00% | 0.38x | $17.52 Million |
| Chin Yang Ind (003780) | $36.52 Billion | 14.55% | 0.18x | $24.99 Million |