PHA Co. Ltd
PHA Co., Ltd. engages in the manufacture and sale of automotive door moving systems in South Korea and internationally. Its product portfolio includes side door system, door module, power tail gate system, power trunk lid system, end gate system, front closure system, and active hood lift system, as well as other products, such as seat back latch, fuel filler opener, and stamping parts. The compa… Read more
PHA Co. Ltd (043370) - Net Assets
Latest net assets as of September 2025: ₩820.02 Billion KRW
Based on the latest financial reports, PHA Co. Ltd (043370) has net assets worth ₩820.02 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 (₩1.10 Trillion) and total liabilities (₩278.28 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 | ₩820.02 Billion |
| % of Total Assets | 74.66% |
| Annual Growth Rate | 13.22% |
| 5-Year Change | 36.6% |
| 10-Year Change | 89.99% |
| Growth Volatility | 11.58 |
PHA Co. Ltd - Net Assets Trend (2001–2024)
This chart illustrates how PHA 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 PHA Co. Ltd (2001–2024)
The table below shows the annual net assets of PHA Co. Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩800.19 Billion | +10.99% |
| 2023-12-31 | ₩720.99 Billion | +7.11% |
| 2022-12-31 | ₩673.10 Billion | +4.23% |
| 2021-12-31 | ₩645.76 Billion | +10.23% |
| 2020-12-31 | ₩585.81 Billion | +1.62% |
| 2019-12-31 | ₩576.49 Billion | +6.15% |
| 2018-12-31 | ₩543.09 Billion | +7.21% |
| 2017-12-31 | ₩506.55 Billion | +4.80% |
| 2016-12-31 | ₩483.36 Billion | +14.76% |
| 2015-12-31 | ₩421.18 Billion | +0.82% |
| 2014-12-31 | ₩417.73 Billion | +9.28% |
| 2013-12-31 | ₩382.27 Billion | +13.08% |
| 2012-12-31 | ₩338.04 Billion | +11.07% |
| 2011-12-31 | ₩304.35 Billion | +54.10% |
| 2010-12-31 | ₩197.50 Billion | +16.00% |
| 2009-12-31 | ₩170.25 Billion | +21.08% |
| 2008-12-31 | ₩140.61 Billion | +14.76% |
| 2007-12-31 | ₩122.53 Billion | +22.93% |
| 2006-12-31 | ₩99.68 Billion | +7.02% |
| 2005-12-31 | ₩93.14 Billion | +15.17% |
| 2004-12-31 | ₩80.87 Billion | +8.56% |
| 2003-12-31 | ₩74.49 Billion | +36.98% |
| 2002-12-31 | ₩54.38 Billion | +18.22% |
| 2001-12-31 | ₩46.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PHA 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 71947324202000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩719.47 Billion | 89.91% |
| Common Stock | ₩10.50 Billion | 1.31% |
| Other Components | ₩70.22 Billion | 8.78% |
| Total Equity | ₩800.19 Billion | 100.00% |
PHA Co. Ltd Competitors by Market Cap
The table below lists competitors of PHA Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Treace Medical Concepts Inc
NASDAQ:TMCI
|
$69.29 Million |
|
S H Kelkar and Company Limited
NSE:SHK
|
$69.31 Million |
|
Socovesa
SN:SOCOVESA
|
$69.32 Million |
|
Gen Ilac ve Saglik Urunleri Sanayi ve Ticaret AS
IS:GENIL
|
$69.33 Million |
|
Gs Global
KO:001250
|
$69.26 Million |
|
Ampire Co Ltd
TWO:8049
|
$69.26 Million |
|
DCW Limited
NSE:DCW
|
$69.23 Million |
|
Hwaseung Industries Co Ltd
KO:006060
|
$69.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PHA Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 720,990,060,920 to 800,192,909,390, a change of 79,202,848,470 (11.0%).
- Net income of 61,943,248,940 contributed positively to equity growth.
- Dividend payments of 4,991,896,000 reduced retained earnings.
- Share repurchases of 4,228,841,740 reduced equity.
- Other factors increased equity by 26,480,337,270.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩61.94 Billion | +7.74% |
| Dividends Paid | ₩4.99 Billion | -0.62% |
| Share Repurchases | ₩4.23 Billion | -0.53% |
| Other Changes | ₩26.48 Billion | +3.31% |
| Total Change | ₩- | 10.99% |
Book Value vs Market Value Analysis
This analysis compares PHA 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: 0.31x
- 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 0.55x to 0.31x 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 | ₩23018.23 | ₩12580.00 | x |
| 2017-12-31 | ₩24122.70 | ₩12580.00 | x |
| 2018-12-31 | ₩25862.96 | ₩12580.00 | x |
| 2019-12-31 | ₩27453.61 | ₩12580.00 | x |
| 2020-12-31 | ₩28525.42 | ₩12580.00 | x |
| 2021-12-31 | ₩31444.61 | ₩12580.00 | x |
| 2022-12-31 | ₩32775.67 | ₩12580.00 | x |
| 2023-12-31 | ₩36030.51 | ₩12580.00 | x |
| 2024-12-31 | ₩40074.61 | ₩12580.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PHA 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): 7.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.37%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 1.34x
- Recent ROE (7.74%) is below the historical average (10.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 13.83% | 5.62% | 1.50x | 1.64x | ₩1.69 Billion |
| 2002 | 18.92% | 7.61% | 1.47x | 1.69x | ₩4.58 Billion |
| 2003 | 13.04% | 6.65% | 1.26x | 1.55x | ₩2.14 Billion |
| 2004 | 12.52% | 5.19% | 1.33x | 1.81x | ₩1.92 Billion |
| 2005 | 11.22% | 3.55% | 1.46x | 2.17x | ₩1.05 Billion |
| 2006 | 4.74% | 1.44% | 1.36x | 2.42x | ₩-4.84 Billion |
| 2007 | 6.36% | 1.89% | 1.49x | 2.26x | ₩-4.16 Billion |
| 2008 | 9.62% | 2.88% | 1.47x | 2.28x | ₩-515.17 Million |
| 2009 | 18.74% | 5.67% | 1.49x | 2.22x | ₩14.42 Billion |
| 2010 | 20.72% | 5.79% | 1.62x | 2.21x | ₩20.99 Billion |
| 2011 | 14.42% | 6.32% | 1.22x | 1.87x | ₩13.46 Billion |
| 2012 | 11.04% | 4.23% | 1.38x | 1.89x | ₩3.51 Billion |
| 2013 | 12.39% | 4.74% | 1.40x | 1.87x | ₩9.15 Billion |
| 2014 | 9.41% | 3.72% | 1.34x | 1.89x | ₩-2.46 Billion |
| 2015 | 1.75% | 0.64% | 1.30x | 2.10x | ₩-34.75 Billion |
| 2016 | 11.03% | 4.36% | 1.34x | 1.89x | ₩4.96 Billion |
| 2017 | 14.71% | 7.07% | 1.18x | 1.77x | ₩23.87 Billion |
| 2018 | 8.26% | 4.20% | 1.17x | 1.67x | ₩-9.48 Billion |
| 2019 | 5.49% | 2.91% | 1.18x | 1.60x | ₩-26.03 Billion |
| 2020 | 1.35% | 0.84% | 1.02x | 1.59x | ₩-50.66 Billion |
| 2021 | 5.82% | 4.05% | 0.97x | 1.48x | ₩-27.00 Billion |
| 2022 | 4.20% | 2.76% | 1.05x | 1.46x | ₩-39.05 Billion |
| 2023 | 8.53% | 5.42% | 1.15x | 1.37x | ₩-10.59 Billion |
| 2024 | 7.74% | 5.37% | 1.08x | 1.34x | ₩-18.08 Billion |
Industry Comparison
This section compares PHA Co. Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PHA Co. Ltd (043370) | ₩820.02 Billion | 13.83% | 0.34x | $69.26 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |