PlumbFast Co. Ltd
PlumbFast Co., Ltd. manufactures and sells plastic plumbing materials in Korea. It offers polybutylene (PB) pipes; PB and brass fittings; PE-RT pipe coils; PPF pipes and fittings; and PF press fittings. The company also provides accessories, such as caps, O rings, grab rings, washers, sleeves, blank caps, pipe cutters, cap nuts, cleaning caps, and joining and dismantling tools. It serves construc… Read more
PlumbFast Co. Ltd (035200) - Net Assets
Latest net assets as of September 2025: ₩39.00 Billion KRW
Based on the latest financial reports, PlumbFast Co. Ltd (035200) has net assets worth ₩39.00 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 (₩42.96 Billion) and total liabilities (₩3.96 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 | ₩39.00 Billion |
| % of Total Assets | 90.79% |
| Annual Growth Rate | 5.94% |
| 5-Year Change | 10.67% |
| 10-Year Change | 45.66% |
| Growth Volatility | 5.61 |
PlumbFast Co. Ltd - Net Assets Trend (2011–2024)
This chart illustrates how PlumbFast 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 PlumbFast Co. Ltd (2011–2024)
The table below shows the annual net assets of PlumbFast Co. Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩38.78 Billion | +2.75% |
| 2023-12-31 | ₩37.74 Billion | +2.48% |
| 2022-12-31 | ₩36.83 Billion | +1.54% |
| 2021-12-31 | ₩36.27 Billion | +3.52% |
| 2020-12-31 | ₩35.04 Billion | -0.47% |
| 2019-12-31 | ₩35.20 Billion | -0.94% |
| 2018-12-31 | ₩35.54 Billion | +2.79% |
| 2017-12-31 | ₩34.57 Billion | +18.86% |
| 2016-12-31 | ₩29.09 Billion | +9.25% |
| 2015-12-31 | ₩26.62 Billion | +10.00% |
| 2014-12-31 | ₩24.20 Billion | +12.34% |
| 2013-12-31 | ₩21.54 Billion | +11.24% |
| 2012-12-31 | ₩19.37 Billion | +5.80% |
| 2011-12-31 | ₩18.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PlumbFast 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 3412557255000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩34.13 Billion | 88.00% |
| Other Components | ₩4.65 Billion | 12.00% |
| Total Equity | ₩38.78 Billion | 100.00% |
PlumbFast Co. Ltd Competitors by Market Cap
The table below lists competitors of PlumbFast Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aspermont Ltd
AU:ASP
|
$14.42 Million |
|
Strategic Investments A/S
CO:STRINV
|
$14.42 Million |
|
Earth Tech Environment Public Company Limited
BK:ETC
|
$14.43 Million |
|
PYRAMID TECHNOPLAST ORD (BSE)
NSE:PYRAMID
|
$14.43 Million |
|
GUILD ESPORTS PLC LS-001
F:GU0
|
$14.40 Million |
|
Mauch Chunk Trust Financial Corp
PINK:MCHT
|
$14.40 Million |
|
Pili International Multimedia Co Ltd
TWO:8450
|
$14.40 Million |
|
Lake Victoria Gold Ltd
OTCQB:LVGLF
|
$14.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PlumbFast Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 37,741,699,760 to 38,779,117,800, a change of 1,037,418,040 (2.7%).
- Net income of 1,918,249,220 contributed positively to equity growth.
- Dividend payments of 423,225,400 reduced retained earnings.
- Share repurchases of 607,465,720 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.92 Billion | +4.95% |
| Dividends Paid | ₩423.23 Million | -1.09% |
| Share Repurchases | ₩607.47 Million | -1.57% |
| Other Changes | ₩149.86 Million | +0.39% |
| Total Change | ₩- | 2.75% |
Book Value vs Market Value Analysis
This analysis compares PlumbFast 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: 0.76x
- 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 1.15x to 0.76x 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 | ₩3096.53 | ₩3565.00 | x |
| 2017-12-31 | ₩3553.34 | ₩3565.00 | x |
| 2018-12-31 | ₩3652.81 | ₩3565.00 | x |
| 2019-12-31 | ₩3818.38 | ₩3565.00 | x |
| 2020-12-31 | ₩4064.90 | ₩3565.00 | x |
| 2021-12-31 | ₩4285.11 | ₩3565.00 | x |
| 2022-12-31 | ₩4351.12 | ₩3565.00 | x |
| 2023-12-31 | ₩4458.82 | ₩3565.00 | x |
| 2024-12-31 | ₩4693.38 | ₩3565.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PlumbFast 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): 4.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.47%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.12x
- Recent ROE (4.95%) is below the historical average (7.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 5.68% | 2.61% | 1.25x | 1.75x | ₩-790.97 Million |
| 2012 | 6.69% | 3.01% | 1.31x | 1.70x | ₩-640.89 Million |
| 2013 | 13.60% | 6.23% | 1.26x | 1.73x | ₩776.36 Million |
| 2014 | 10.66% | 5.82% | 1.16x | 1.58x | ₩160.86 Million |
| 2015 | 11.02% | 7.59% | 1.06x | 1.37x | ₩272.24 Million |
| 2016 | 11.02% | 7.07% | 1.16x | 1.35x | ₩296.13 Million |
| 2017 | 12.57% | 8.90% | 1.19x | 1.18x | ₩888.14 Million |
| 2018 | 4.64% | 5.04% | 0.82x | 1.13x | ₩-1.91 Billion |
| 2019 | 3.36% | 4.02% | 0.77x | 1.08x | ₩-2.34 Billion |
| 2020 | 4.27% | 5.93% | 0.66x | 1.09x | ₩-2.01 Billion |
| 2021 | 5.88% | 7.22% | 0.73x | 1.12x | ₩-1.49 Billion |
| 2022 | 3.60% | 4.38% | 0.74x | 1.11x | ₩-2.36 Billion |
| 2023 | 3.75% | 4.80% | 0.72x | 1.09x | ₩-2.36 Billion |
| 2024 | 4.95% | 6.47% | 0.68x | 1.12x | ₩-1.96 Billion |
Industry Comparison
This section compares PlumbFast Co. Ltd's net assets metrics with peer companies in the Homebuilding & Construction Supplies industry.
Industry Context
- Industry: Homebuilding & Construction Supplies
- Average net assets among peers: $47,227,471,960
- Average return on equity (ROE) among peers: -1.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PlumbFast Co. Ltd (035200) | ₩39.00 Billion | 5.68% | 0.10x | $14.41 Million |
| Kuk Young G&M Co. Ltd (006050) | $46.15 Billion | -10.53% | 0.44x | $25.32 Million |
| Nature and Environment Co. Ltd (043910) | $20.25 Billion | 2.05% | 0.78x | $25.85 Million |
| Watos Corea Co. Ltd (079000) | $75.28 Billion | 4.18% | 0.05x | $13.22 Million |