Paradise Co. Ltd
Paradise Co., Ltd. engages in casino business in South Korea, the United States, and Japan. The company operates Walkerhill, Maison Glad, and Paradise hotel. It is also involved in real estate rental and recreational business. The company was founded in 1972 and is headquartered in Seoul, South Korea.
Paradise Co. Ltd (034230) - Net Assets
Latest net assets as of September 2025: ₩2.19 Trillion KRW
Based on the latest financial reports, Paradise Co. Ltd (034230) has net assets worth ₩2.19 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩3.96 Trillion) and total liabilities (₩1.78 Trillion). 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 | ₩2.19 Trillion |
| % of Total Assets | 55.21% |
| Annual Growth Rate | 9.04% |
| 5-Year Change | 81.34% |
| 10-Year Change | 102.92% |
| Growth Volatility | 14.56 |
Paradise Co. Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Paradise 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 Paradise Co. Ltd (2002–2024)
The table below shows the annual net assets of Paradise Co. Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩2.08 Trillion | +16.23% |
| 2023-12-31 | ₩1.79 Trillion | +31.06% |
| 2022-12-31 | ₩1.36 Trillion | +10.61% |
| 2021-12-31 | ₩1.23 Trillion | +7.63% |
| 2020-12-31 | ₩1.14 Trillion | -9.63% |
| 2019-12-31 | ₩1.27 Trillion | -0.47% |
| 2018-12-31 | ₩1.27 Trillion | +27.96% |
| 2017-12-31 | ₩994.23 Billion | -4.78% |
| 2016-12-31 | ₩1.04 Trillion | +2.09% |
| 2015-12-31 | ₩1.02 Trillion | -13.20% |
| 2014-12-31 | ₩1.18 Trillion | +32.44% |
| 2013-12-31 | ₩889.65 Billion | +22.21% |
| 2012-12-31 | ₩727.97 Billion | +29.94% |
| 2011-12-31 | ₩560.22 Billion | +6.31% |
| 2010-12-31 | ₩526.96 Billion | +5.05% |
| 2009-12-31 | ₩501.65 Billion | +3.73% |
| 2008-12-31 | ₩483.61 Billion | -4.09% |
| 2007-12-31 | ₩504.24 Billion | +2.39% |
| 2006-12-31 | ₩492.49 Billion | -3.53% |
| 2005-12-31 | ₩510.48 Billion | +8.95% |
| 2004-12-31 | ₩468.56 Billion | +41.09% |
| 2003-12-31 | ₩332.11 Billion | +7.51% |
| 2002-12-31 | ₩308.90 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Paradise 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 62878359173000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩628.78 Billion | 38.44% |
| Other Components | ₩1.01 Trillion | 61.56% |
| Total Equity | ₩1.64 Trillion | 100.00% |
Paradise Co. Ltd Competitors by Market Cap
The table below lists competitors of Paradise Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PCBL LIMITED
NSE:PCBL
|
$549.42 Million |
|
Appier Group Inc.
PINK:APPIF
|
$549.45 Million |
|
HERITAGE IN.HLDGS DL-0001
F:11H
|
$549.70 Million |
|
Balincan International Inc
PINK:ALTB
|
$549.75 Million |
|
Wushang Group Co Ltd
SHE:000501
|
$549.14 Million |
|
Grocery Outlet Holding Corp
NASDAQ:GO
|
$549.10 Million |
|
Alerus Financial Corp
NASDAQ:ALRS
|
$549.02 Million |
|
Eastman Kodak Co
NYSE:KODK
|
$548.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Paradise Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,405,526,527,470 to 1,635,744,104,530, a change of 230,217,577,060 (16.4%).
- Net income of 75,553,488,650 contributed positively to equity growth.
- Dividend payments of 8,634,777,700 reduced retained earnings.
- Other factors increased equity by 163,298,866,110.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩75.55 Billion | +4.62% |
| Dividends Paid | ₩8.63 Billion | -0.53% |
| Other Changes | ₩163.30 Billion | +9.98% |
| Total Change | ₩- | 16.38% |
Book Value vs Market Value Analysis
This analysis compares Paradise 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: 0.93x
- 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 1.44x to 0.93x 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 | ₩12256.97 | ₩17690.00 | x |
| 2017-12-31 | ₩11671.47 | ₩17690.00 | x |
| 2018-12-31 | ₩14935.09 | ₩17690.00 | x |
| 2019-12-31 | ₩14864.99 | ₩17690.00 | x |
| 2020-12-31 | ₩13379.32 | ₩17690.00 | x |
| 2021-12-31 | ₩14399.80 | ₩17690.00 | x |
| 2022-12-31 | ₩15915.39 | ₩17690.00 | x |
| 2023-12-31 | ₩16277.51 | ₩17690.00 | x |
| 2024-12-31 | ₩18940.92 | ₩17690.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Paradise 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): 4.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.05%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 2.40x
- Recent ROE (4.62%) is below the historical average (5.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 14.68% | 13.22% | 0.62x | 1.78x | ₩13.97 Billion |
| 2003 | 13.69% | 13.66% | 0.61x | 1.64x | ₩11.86 Billion |
| 2004 | 18.96% | 24.53% | 0.44x | 1.76x | ₩34.81 Billion |
| 2005 | 10.05% | 12.15% | 0.47x | 1.75x | ₩212.20 Million |
| 2006 | 2.74% | 3.61% | 0.44x | 1.73x | ₩-29.02 Billion |
| 2007 | 5.59% | 7.29% | 0.43x | 1.77x | ₩-18.16 Billion |
| 2008 | 5.85% | 6.55% | 0.49x | 1.84x | ₩-16.67 Billion |
| 2009 | 7.62% | 7.52% | 0.56x | 1.80x | ₩-9.90 Billion |
| 2010 | 9.12% | 7.50% | 0.68x | 1.79x | ₩-3.89 Billion |
| 2011 | 5.83% | 8.71% | 0.50x | 1.33x | ₩-23.30 Billion |
| 2012 | 11.80% | 14.41% | 0.50x | 1.64x | ₩11.42 Billion |
| 2013 | 13.85% | 15.83% | 0.52x | 1.68x | ₩28.13 Billion |
| 2014 | 9.54% | 14.25% | 0.42x | 1.59x | ₩-4.66 Billion |
| 2015 | 6.38% | 10.60% | 0.31x | 1.95x | ₩-37.03 Billion |
| 2016 | 5.28% | 7.93% | 0.30x | 2.21x | ₩-49.28 Billion |
| 2017 | -1.91% | -2.84% | 0.27x | 2.45x | ₩-118.38 Billion |
| 2018 | -1.65% | -2.67% | 0.25x | 2.48x | ₩-148.27 Billion |
| 2019 | 1.19% | 1.54% | 0.28x | 2.74x | ₩-111.52 Billion |
| 2020 | -10.32% | -26.03% | 0.14x | 2.90x | ₩-232.57 Billion |
| 2021 | -4.27% | -12.68% | 0.12x | 2.82x | ₩-175.70 Billion |
| 2022 | 1.86% | 4.31% | 0.17x | 2.58x | ₩-110.88 Billion |
| 2023 | 4.45% | 6.29% | 0.27x | 2.57x | ₩-77.99 Billion |
| 2024 | 4.62% | 7.05% | 0.27x | 2.40x | ₩-88.02 Billion |
Industry Comparison
This section compares Paradise Co. Ltd's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $1,042,900,082,262
- Average return on equity (ROE) among peers: 9.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Paradise Co. Ltd (034230) | ₩2.19 Trillion | 14.68% | 0.81x | $549.25 Million |
| Lotte Tour Dev (032350) | $115.09 Billion | 0.67% | 0.26x | $709.98 Million |
| Kangwon Land (035250) | $3.25 Trillion | -0.32% | 0.18x | $1.39 Billion |
| Yong Pyong Resort Corp (070960) | $408.18 Billion | 4.15% | 1.13x | $53.07 Million |
| Grand Korea Leisure Co. Ltd (114090) | $395.54 Billion | 34.78% | 0.42x | $252.74 Million |