Haesung Industrial Co. Ltd
Haesung Industrial Co., Ltd. engages in the real estate development, rental, and management business in South Korea. It rents office buildings and apartment-type factories. The company also engages in the paper manufacturing and sales; corrugated cardboard , paper box, and paper container manufacturing; white cardboard manufacturing and sales; special paper manufacturing and distribution sales; p… Read more
Haesung Industrial Co. Ltd (034810) - Net Assets
Latest net assets as of September 2025: ₩1.35 Trillion KRW
Based on the latest financial reports, Haesung Industrial Co. Ltd (034810) has net assets worth ₩1.35 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 (₩2.65 Trillion) and total liabilities (₩1.30 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 | ₩1.35 Trillion |
| % of Total Assets | 50.96% |
| Annual Growth Rate | 9.48% |
| 5-Year Change | 23.24% |
| 10-Year Change | 446.54% |
| Growth Volatility | 68.04 |
Haesung Industrial Co. Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Haesung 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 Haesung Industrial Co. Ltd (2000–2024)
The table below shows the annual net assets of Haesung Industrial Co. Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩743.69 Billion | -45.57% |
| 2023-12-31 | ₩1.37 Trillion | +76.85% |
| 2022-12-31 | ₩772.58 Billion | +5.54% |
| 2021-12-31 | ₩732.04 Billion | +21.31% |
| 2020-12-31 | ₩603.45 Billion | +332.53% |
| 2019-12-31 | ₩139.52 Billion | -2.05% |
| 2018-12-31 | ₩142.44 Billion | -0.46% |
| 2017-12-31 | ₩143.10 Billion | +1.40% |
| 2016-12-31 | ₩141.12 Billion | +3.71% |
| 2015-12-31 | ₩136.07 Billion | +1.91% |
| 2014-12-31 | ₩133.52 Billion | +2.63% |
| 2013-12-31 | ₩130.09 Billion | +4.37% |
| 2012-12-31 | ₩124.64 Billion | +2.34% |
| 2011-12-31 | ₩121.80 Billion | +5.17% |
| 2010-12-31 | ₩115.81 Billion | +2.95% |
| 2009-12-31 | ₩112.48 Billion | +4.73% |
| 2008-12-31 | ₩107.40 Billion | +2.39% |
| 2007-12-31 | ₩104.90 Billion | +1.55% |
| 2006-12-31 | ₩103.30 Billion | +1.30% |
| 2005-12-31 | ₩101.97 Billion | +2.61% |
| 2004-12-31 | ₩99.38 Billion | +3.47% |
| 2003-12-31 | ₩96.04 Billion | +4.30% |
| 2002-12-31 | ₩92.08 Billion | +3.09% |
| 2001-12-31 | ₩89.32 Billion | +5.68% |
| 2000-12-31 | ₩84.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Haesung 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 2588.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩447.98 Billion | 60.24% |
| Common Stock | ₩16.28 Billion | 2.19% |
| Other Components | ₩279.43 Billion | 37.57% |
| Total Equity | ₩743.69 Billion | 100.00% |
Haesung Industrial Co. Ltd Competitors by Market Cap
The table below lists competitors of Haesung Industrial Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bannari Amman Sugars Limited
NSE:BANARISUG
|
$59.33 Million |
|
Absolent Group AB
ST:ABSO
|
$59.39 Million |
|
OSE IMMUNOTHERAPE.EO -20
F:6OP
|
$59.41 Million |
|
Enea AB
ST:ENEA
|
$59.43 Million |
|
Lizhi Inc
NASDAQ:SOGP
|
$59.32 Million |
|
TOPTEC Co. Ltd
KQ:108230
|
$59.29 Million |
|
Sangam (India) Limited
NSE:SANGAMIND
|
$59.28 Million |
|
Prosegur Compañía de Seguridad S.A
PINK:PGCSF
|
$59.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haesung Industrial Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 739,782,085,550 to 743,692,767,560, a change of 3,910,682,010 (0.5%).
- Net income of 5,838,522,730 contributed positively to equity growth.
- Dividend payments of 18,141,642,450 reduced retained earnings.
- Share repurchases of 3,232,960 reduced equity.
- Other factors increased equity by 16,217,034,690.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.84 Billion | +0.79% |
| Dividends Paid | ₩18.14 Billion | -2.44% |
| Share Repurchases | ₩3.23 Million | -0.0% |
| Other Changes | ₩16.22 Billion | +2.18% |
| Total Change | ₩- | 0.53% |
Book Value vs Market Value Analysis
This analysis compares Haesung 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: 0.30x
- 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 0.51x to 0.30x 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 | ₩14429.82 | ₩7410.00 | x |
| 2017-12-31 | ₩14631.50 | ₩7410.00 | x |
| 2018-12-31 | ₩14564.59 | ₩7410.00 | x |
| 2019-12-31 | ₩14265.50 | ₩7410.00 | x |
| 2020-12-31 | ₩34772.09 | ₩7410.00 | x |
| 2021-12-31 | ₩28604.69 | ₩7410.00 | x |
| 2022-12-31 | ₩30188.93 | ₩7410.00 | x |
| 2023-12-31 | ₩25000.17 | ₩7410.00 | x |
| 2024-12-31 | ₩25096.10 | ₩7410.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haesung 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): 0.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.26%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 3.49x
- Recent ROE (0.79%) is below the historical average (5.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 2.44% | 20.12% | 0.10x | 1.17x | ₩-6.39 Billion |
| 2001 | 3.96% | 27.36% | 0.12x | 1.16x | ₩-5.39 Billion |
| 2002 | 4.78% | 30.93% | 0.13x | 1.16x | ₩-4.80 Billion |
| 2003 | 4.23% | 30.27% | 0.12x | 1.14x | ₩-5.54 Billion |
| 2004 | 3.70% | 27.15% | 0.12x | 1.13x | ₩-6.26 Billion |
| 2005 | 3.77% | 29.41% | 0.11x | 1.13x | ₩-6.35 Billion |
| 2006 | 2.16% | 19.66% | 0.10x | 1.13x | ₩-8.10 Billion |
| 2007 | 2.36% | 23.44% | 0.09x | 1.14x | ₩-8.01 Billion |
| 2008 | 3.05% | 26.15% | 0.10x | 1.13x | ₩-7.46 Billion |
| 2009 | 5.44% | 39.89% | 0.12x | 1.10x | ₩-5.13 Billion |
| 2010 | 3.59% | 28.99% | 0.11x | 1.11x | ₩-7.42 Billion |
| 2011 | 3.46% | 29.30% | 0.11x | 1.12x | ₩-7.97 Billion |
| 2012 | 3.13% | 26.79% | 0.11x | 1.11x | ₩-8.56 Billion |
| 2013 | 4.66% | 38.90% | 0.11x | 1.11x | ₩-6.95 Billion |
| 2014 | 3.40% | 30.46% | 0.10x | 1.10x | ₩-8.82 Billion |
| 2015 | 2.77% | 30.44% | 0.08x | 1.10x | ₩-9.84 Billion |
| 2016 | 4.45% | 51.88% | 0.08x | 1.14x | ₩-7.83 Billion |
| 2017 | 2.38% | 27.86% | 0.07x | 1.19x | ₩-10.91 Billion |
| 2018 | 0.53% | 5.07% | 0.08x | 1.35x | ₩-13.49 Billion |
| 2019 | 1.67% | 11.47% | 0.10x | 1.52x | ₩-11.63 Billion |
| 2020 | 57.21% | 72.02% | 0.37x | 2.14x | ₩284.90 Billion |
| 2021 | 6.75% | 2.64% | 0.81x | 3.16x | ₩-23.76 Billion |
| 2022 | 3.31% | 1.01% | 0.97x | 3.40x | ₩-51.69 Billion |
| 2023 | -3.97% | -1.27% | 0.92x | 3.40x | ₩-103.32 Billion |
| 2024 | 0.79% | 0.26% | 0.86x | 3.49x | ₩-68.53 Billion |
Industry Comparison
This section compares Haesung Industrial Co. Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $158,639,446,590
- Average return on equity (ROE) among peers: 13.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haesung Industrial Co. Ltd (034810) | ₩1.35 Trillion | 2.44% | 0.96x | $59.32 Million |
| REFINE Co. Ltd. (377450) | $158.64 Billion | 13.67% | 0.09x | $43.49 Million |