Kwang Jin Ind. Co. Ltd
Kwang Jin Ind. Co., Ltd. manufactures and sells hot rolled, cold drawn, and peeled steel bars in South Korea. It offers special steel profiles, round steel bars, peeling steel bars, and hexagonal and rectangular steel bars; and linear motion guide rails, as well as square and flat bars, and coils. The company is also involved in the wholesale of stainless steel bars. Its products are used in vari… Read more
Kwang Jin Ind. Co. Ltd (026910) - Net Assets
Latest net assets as of September 2025: ₩21.19 Billion KRW
Based on the latest financial reports, Kwang Jin Ind. Co. Ltd (026910) has net assets worth ₩21.19 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 (₩94.94 Billion) and total liabilities (₩73.74 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 | ₩21.19 Billion |
| % of Total Assets | 22.32% |
| Annual Growth Rate | -1.32% |
| 5-Year Change | -0.35% |
| 10-Year Change | -13.47% |
| Growth Volatility | 8.73 |
Kwang Jin Ind. Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Kwang Jin Ind. 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 Kwang Jin Ind. Co. Ltd (2014–2024)
The table below shows the annual net assets of Kwang Jin Ind. Co. Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩24.78 Billion | +12.87% |
| 2023-12-31 | ₩21.95 Billion | -20.07% |
| 2022-12-31 | ₩27.46 Billion | +5.77% |
| 2021-12-31 | ₩25.96 Billion | +4.43% |
| 2020-12-31 | ₩24.86 Billion | -11.45% |
| 2019-12-31 | ₩28.08 Billion | -3.64% |
| 2018-12-31 | ₩29.14 Billion | +0.55% |
| 2017-12-31 | ₩28.98 Billion | +1.78% |
| 2016-12-31 | ₩28.47 Billion | -0.56% |
| 2015-12-31 | ₩28.63 Billion | +1.23% |
| 2014-12-31 | ₩28.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kwang Jin Ind. 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 decreased by 17.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩20.01 Billion | 80.75% |
| Common Stock | ₩3.20 Billion | 12.93% |
| Other Components | ₩1.57 Billion | 6.33% |
| Total Equity | ₩24.78 Billion | 100.00% |
Kwang Jin Ind. Co. Ltd Competitors by Market Cap
The table below lists competitors of Kwang Jin Ind. Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cheetah Net Supply Chain Service Inc. Class A Common Stock
NASDAQ:CTNT
|
$4.80 Million |
|
MODELON AB AK B
F:3VM1
|
$4.80 Million |
|
UPA Corporation Bhd
KLSE:7757
|
$4.80 Million |
|
Peak Minerals Limited
PINK:HEGLF
|
$4.80 Million |
|
AMEN Properties Inc
PINK:AMEN
|
$4.80 Million |
|
BSL Limited
NSE:BSL
|
$4.80 Million |
|
Greenway Greenhouse Cannabis Corporation
OTCQB:GWAYF
|
$4.80 Million |
|
Citigold Corporation Limited
PINK:CTOHF
|
$4.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kwang Jin Ind. Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,950,374,520 to 24,776,374,440, a change of 2,825,999,920 (12.9%).
- Net income of 2,944,099,150 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.94 Billion | +11.88% |
| Other Changes | ₩-118.10 Million | -0.48% |
| Total Change | ₩- | 12.87% |
Book Value vs Market Value Analysis
This analysis compares Kwang Jin Ind. 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩4445.27 | ₩1914.00 | x |
| 2017-12-31 | ₩4524.24 | ₩1914.00 | x |
| 2018-12-31 | ₩4549.13 | ₩1914.00 | x |
| 2019-12-31 | ₩4383.54 | ₩1914.00 | x |
| 2020-12-31 | ₩3881.45 | ₩1914.00 | x |
| 2021-12-31 | ₩4053.59 | ₩1914.00 | x |
| 2022-12-31 | ₩4287.29 | ₩1914.00 | x |
| 2023-12-31 | ₩3426.85 | ₩1914.00 | x |
| 2024-12-31 | ₩3868.04 | ₩1914.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kwang Jin Ind. 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): 11.88%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.03%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 3.80x
- Recent ROE (11.88%) is above the historical average (-1.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 2.21% | 1.34% | 1.07x | 1.54x | ₩-2.20 Billion |
| 2015 | -0.44% | -0.30% | 0.99x | 1.49x | ₩-2.99 Billion |
| 2016 | -0.07% | -0.05% | 0.94x | 1.42x | ₩-2.87 Billion |
| 2017 | 1.87% | 1.28% | 1.09x | 1.34x | ₩-2.36 Billion |
| 2018 | 0.92% | 0.61% | 1.20x | 1.24x | ₩-2.65 Billion |
| 2019 | -3.49% | -2.28% | 1.19x | 1.29x | ₩-3.79 Billion |
| 2020 | -12.81% | -7.41% | 1.19x | 1.46x | ₩-5.67 Billion |
| 2021 | 4.45% | 2.12% | 1.29x | 1.63x | ₩-1.44 Billion |
| 2022 | 4.17% | 1.94% | 0.78x | 2.78x | ₩-1.60 Billion |
| 2023 | -23.42% | -9.57% | 0.57x | 4.31x | ₩-7.33 Billion |
| 2024 | 11.88% | 5.03% | 0.62x | 3.80x | ₩466.46 Million |
Industry Comparison
This section compares Kwang Jin Ind. Co. Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,587,899,105,278
- Average return on equity (ROE) among peers: 3.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kwang Jin Ind. Co. Ltd (026910) | ₩21.19 Billion | 2.21% | 3.48x | $4.80 Million |
| Korea Cast Pip (000970) | $355.99 Billion | 3.83% | 0.21x | $55.50 Million |
| Manho Rope&Wir (001080) | $230.12 Billion | 1.16% | 0.10x | $6.41 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $3.29 Trillion | 12.57% | 0.96x | $75.78 Million |
| SeAH Bestee (001430) | $2.03 Trillion | 1.00% | 0.88x | $632.42 Million |
| Kisco Holdings (001940) | $1.28 Trillion | 1.98% | 0.21x | $79.26 Million |
| Hanil Iron & S (002220) | $132.60 Billion | 0.00% | 0.47x | $27.29 Million |
| Kis Wire (002240) | $1.26 Trillion | 3.37% | 0.44x | $134.30 Million |
| Dong Il Steel MFG Co Ltd (002690) | $128.43 Billion | 5.12% | 0.13x | $7.07 Million |
| Tcc Steel (002710) | $140.22 Billion | 0.68% | 1.08x | $166.70 Million |
| Hyundai Steel (004020) | $17.04 Trillion | 4.20% | 0.96x | $2.13 Billion |