PN Poong Nyun Co. Ltd (024940) - Net Assets
Based on the latest financial reports, PN Poong Nyun Co. Ltd (024940) has net assets worth ₩51.63 Billion KRW (≈ $34.99 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 (₩59.42 Billion ≈ $40.27 Million USD) and total liabilities (₩7.79 Billion ≈ $5.28 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 024940 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩51.63 Billion |
| % of Total Assets | 86.89% |
| Annual Growth Rate | 5.69% |
| 5-Year Change | 24.6% |
| 10-Year Change | 67.45% |
| Growth Volatility | 4.37 |
PN Poong Nyun Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how PN Poong Nyun Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is PN Poong Nyun Co. Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for PN Poong Nyun Co. Ltd (2014–2024)
The table below shows the annual net assets of PN Poong Nyun Co. Ltd from 2014 to 2024. For live valuation and market cap data, see PN Poong Nyun Co. Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩49.28 Billion ≈ $33.39 Million |
+2.62% |
| 2023-12-31 | ₩48.02 Billion ≈ $32.54 Million |
+3.83% |
| 2022-12-31 | ₩46.25 Billion ≈ $31.34 Million |
+3.44% |
| 2021-12-31 | ₩44.71 Billion ≈ $30.30 Million |
+13.06% |
| 2020-12-31 | ₩39.55 Billion ≈ $26.80 Million |
+3.31% |
| 2019-12-31 | ₩38.28 Billion ≈ $25.94 Million |
+15.62% |
| 2018-12-31 | ₩33.11 Billion ≈ $22.44 Million |
+2.99% |
| 2017-12-31 | ₩32.15 Billion ≈ $21.78 Million |
+3.88% |
| 2016-12-31 | ₩30.95 Billion ≈ $20.97 Million |
+5.16% |
| 2015-12-31 | ₩29.43 Billion ≈ $19.94 Million |
+3.83% |
| 2014-12-31 | ₩28.34 Billion ≈ $19.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to PN Poong Nyun 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 80.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩41.56 Billion | 84.33% |
| Common Stock | ₩5.00 Billion | 10.15% |
| Other Components | ₩2.72 Billion | 5.52% |
| Total Equity | ₩49.28 Billion | 100.00% |
PN Poong Nyun Co. Ltd Competitors by Market Cap
The table below lists competitors of PN Poong Nyun Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
B&M European Value Retail SA
LSE:BME
|
$21.06 Million |
|
Orcay Ortakoy Cay Sanayi & Ticaret AS
IS:ORCAY
|
$21.07 Million |
|
Comfort Gloves Bhd
KLSE:2127
|
$21.08 Million |
|
A.S. Création Tapeten AG
F:ACWN
|
$21.08 Million |
|
MV Oil Trust
NYSE:MVO
|
$21.05 Million |
|
Matricelf Ltd
TA:MTLF
|
$21.04 Million |
|
Jervois Global Ltd
AU:JRV
|
$21.04 Million |
|
Dyandra Media International PT
JK:DYAN
|
$21.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PN Poong Nyun Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 48,019,054,600 to 49,276,767,010, a change of 1,257,712,410 (2.6%).
- Net income of 1,586,666,210 contributed positively to equity growth.
- Dividend payments of 328,953,800 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.59 Billion | +3.22% |
| Dividends Paid | ₩328.95 Million | -0.67% |
| Total Change | ₩- | 2.62% |
Book Value vs Market Value Analysis
This analysis compares PN Poong Nyun 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: 0.63x
- 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 1.00x to 0.63x 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 | ₩3292.60 | ₩3305.00 | x |
| 2017-12-31 | ₩3420.29 | ₩3305.00 | x |
| 2018-12-31 | ₩3522.65 | ₩3305.00 | x |
| 2019-12-31 | ₩4072.75 | ₩3305.00 | x |
| 2020-12-31 | ₩4444.09 | ₩3305.00 | x |
| 2021-12-31 | ₩4757.14 | ₩3305.00 | x |
| 2022-12-31 | ₩4920.85 | ₩3305.00 | x |
| 2023-12-31 | ₩5109.13 | ₩3305.00 | x |
| 2024-12-31 | ₩5242.95 | ₩3305.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PN Poong Nyun 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): 3.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.89%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.15x
- Recent ROE (3.22%) is below the historical average (5.28%), 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 | 3.75% | 1.42% | 1.71x | 1.54x | ₩-1.77 Billion |
| 2015 | 4.48% | 1.77% | 1.67x | 1.52x | ₩-1.62 Billion |
| 2016 | 5.67% | 2.30% | 1.48x | 1.66x | ₩-1.34 Billion |
| 2017 | 4.46% | 2.14% | 1.38x | 1.51x | ₩-1.78 Billion |
| 2018 | 3.62% | 1.94% | 1.27x | 1.47x | ₩-2.11 Billion |
| 2019 | 14.16% | 9.93% | 1.04x | 1.37x | ₩1.59 Billion |
| 2020 | 5.84% | 4.01% | 1.17x | 1.24x | ₩-1.64 Billion |
| 2021 | 4.71% | 3.61% | 1.08x | 1.21x | ₩-2.36 Billion |
| 2022 | 3.69% | 2.96% | 1.06x | 1.18x | ₩-2.92 Billion |
| 2023 | 4.52% | 3.79% | 1.03x | 1.15x | ₩-2.63 Billion |
| 2024 | 3.22% | 2.89% | 0.97x | 1.15x | ₩-3.34 Billion |
Industry Comparison
This section compares PN Poong Nyun Co. Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $325,912,007,768
- Average return on equity (ROE) among peers: 14.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PN Poong Nyun Co. Ltd (024940) | ₩51.63 Billion | 3.75% | 0.15x | $21.05 Million |
| Shinil Electronics Co (002700) | $56.66 Billion | 16.65% | 0.50x | $69.15 Million |
| Ace Bed Company Limited (003800) | $370.77 Billion | 8.17% | 0.09x | $245.03 Million |
| Hankook Furniture Co. Ltd (004590) | $81.91 Billion | 7.01% | 0.22x | $57.74 Million |
| Hanssem (009240) | $541.53 Billion | 23.55% | 0.66x | $508.49 Million |
| Enex Co.Ltd (011090) | $43.67 Billion | 7.13% | 1.47x | $17.20 Million |
| Zinus Inc (013890) | $176.25 Billion | 24.74% | 1.92x | $191.83 Million |
| Fursys (016800) | $460.93 Billion | 7.39% | 0.08x | $217.72 Million |
| COWAY Co. Ltd (021240) | $1.08 Trillion | 30.91% | 1.65x | $4.19 Billion |
| Hansol Homedec (025750) | $124.30 Billion | 4.52% | 1.26x | $149.87 Million |
About PN Poong Nyun Co. Ltd
PN Poong Nyun Co., Ltd. manufactures and sells kitchenware products in South Korea. The company offers pressure cookers, pots, pans, kitchen appliances, small appliances, and kitchen tools. It also exports its products to various countries, including Southeast Asia, Japan, the United States, and Europe. The company was formerly known as Saekwang Aluminium Co., Ltd. and changed its name to PN Poon… Read more