Daedong Steel Co. Ltd
Daedong Steel Co., Ltd. manufactures and sells steel products. It offers hot-rolled coil, plate, and skelp products; hot-rolled steel plates; and cold-rolled coils/cold-rolled steel plates, electrical galvanized/galvanized steel plates, hot-dip galvanized steel/pickled and oiled steel products, as well as other products. The company was incorporated in 1973 and is headquartered in Incheon, South … Read more
Daedong Steel Co. Ltd (048470) - Net Assets
Latest net assets as of September 2025: ₩70.60 Billion KRW
Based on the latest financial reports, Daedong Steel Co. Ltd (048470) has net assets worth ₩70.60 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 (₩95.67 Billion) and total liabilities (₩25.08 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 | ₩70.60 Billion |
| % of Total Assets | 73.79% |
| Annual Growth Rate | 2.03% |
| 5-Year Change | 11.23% |
| 10-Year Change | 33.95% |
| Growth Volatility | 9.37 |
Daedong Steel Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Daedong Steel 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 Daedong Steel Co. Ltd (2014–2024)
The table below shows the annual net assets of Daedong Steel Co. Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩69.72 Billion | -2.57% |
| 2023-12-31 | ₩71.55 Billion | +0.07% |
| 2022-12-31 | ₩71.50 Billion | -6.85% |
| 2021-12-31 | ₩76.76 Billion | +22.47% |
| 2020-12-31 | ₩62.68 Billion | +2.56% |
| 2019-12-31 | ₩61.11 Billion | -0.90% |
| 2018-12-31 | ₩61.67 Billion | -4.86% |
| 2017-12-31 | ₩64.81 Billion | +10.74% |
| 2016-12-31 | ₩58.53 Billion | +12.45% |
| 2015-12-31 | ₩52.05 Billion | -8.76% |
| 2014-12-31 | ₩57.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Daedong Steel 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 34.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩64.20 Billion | 92.08% |
| Common Stock | ₩5.00 Billion | 7.17% |
| Other Components | ₩522.33 Million | 0.75% |
| Total Equity | ₩69.72 Billion | 100.00% |
Daedong Steel Co. Ltd Competitors by Market Cap
The table below lists competitors of Daedong Steel Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Heritage Distilling Holding Company, Inc. Common Stock
NASDAQ:CASK
|
$14.08 Million |
|
AYER Holdings Bhd
KLSE:2305
|
$14.08 Million |
|
ZJK Industrial Co., Ltd
NASDAQ:ZJK
|
$14.08 Million |
|
Redflow Ltd
AU:RFX
|
$14.09 Million |
|
Bitmis Corp
PINK:BIMT
|
$14.08 Million |
|
Kingfish Company Nv
OL:KING
|
$14.08 Million |
|
Amplitude Surgical SAS
PA:AMPLI
|
$14.07 Million |
|
Young Poong Pa
KO:006740
|
$14.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daedong Steel Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 71,553,688,780 to 69,717,464,700, a change of -1,836,224,080 (-2.6%).
- Net income of 448,729,330 contributed positively to equity growth.
- Dividend payments of 292,183,530 reduced retained earnings.
- Share repurchases of 2,331,463,370 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩448.73 Million | +0.64% |
| Dividends Paid | ₩292.18 Million | -0.42% |
| Share Repurchases | ₩2.33 Billion | -3.34% |
| Other Changes | ₩338.69 Million | +0.49% |
| Total Change | ₩- | -2.57% |
Book Value vs Market Value Analysis
This analysis compares Daedong Steel 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: 0.43x
- 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 0.43x 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 | ₩5898.75 | ₩3255.00 | x |
| 2017-12-31 | ₩6532.51 | ₩3255.00 | x |
| 2018-12-31 | ₩6215.23 | ₩3255.00 | x |
| 2019-12-31 | ₩6159.45 | ₩3255.00 | x |
| 2020-12-31 | ₩6317.12 | ₩3255.00 | x |
| 2021-12-31 | ₩7736.37 | ₩3255.00 | x |
| 2022-12-31 | ₩7206.54 | ₩3255.00 | x |
| 2023-12-31 | ₩7346.79 | ₩3255.00 | x |
| 2024-12-31 | ₩7630.62 | ₩3255.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daedong Steel 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): 0.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.32%
- • Asset Turnover: 1.51x
- • Equity Multiplier: 1.32x
- Recent ROE (0.64%) is below the historical average (1.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.75% | 0.39% | 1.23x | 1.56x | ₩-5.28 Billion |
| 2015 | -9.21% | -5.19% | 1.59x | 1.12x | ₩-10.00 Billion |
| 2016 | 7.39% | 6.34% | 1.09x | 1.07x | ₩-1.53 Billion |
| 2017 | 9.49% | 6.80% | 1.14x | 1.22x | ₩-331.29 Million |
| 2018 | 0.08% | 0.05% | 1.38x | 1.19x | ₩-6.12 Billion |
| 2019 | 0.51% | 0.28% | 1.45x | 1.28x | ₩-5.80 Billion |
| 2020 | 0.32% | 0.19% | 1.33x | 1.28x | ₩-6.07 Billion |
| 2021 | 18.91% | 8.78% | 1.53x | 1.41x | ₩6.84 Billion |
| 2022 | -6.42% | -2.52% | 1.91x | 1.34x | ₩-11.74 Billion |
| 2023 | -3.06% | -1.59% | 1.44x | 1.33x | ₩-9.34 Billion |
| 2024 | 0.64% | 0.32% | 1.51x | 1.32x | ₩-6.52 Billion |
Industry Comparison
This section compares Daedong Steel Co. Ltd's net assets metrics with peer companies in the Metals & Mining industry.
Industry Context
- Industry: Metals & Mining
- Average net assets among peers: $81,286,704,216
- Average return on equity (ROE) among peers: 4.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daedong Steel Co. Ltd (048470) | ₩70.60 Billion | 0.75% | 0.36x | $14.08 Million |
| POSCO M-TECH Co. Ltd (009520) | $114.61 Billion | 4.21% | 0.39x | $253.10 Million |
| Gyeongnam Steel Co. Ltd (039240) | $81.06 Billion | 5.25% | 0.83x | $26.29 Million |
| Dongyang S.Tec Co.Ltd (060380) | $50.92 Billion | -0.48% | 1.68x | $5.86 Million |
| Hanchang Ind.Co.Ltd (079170) | $61.81 Billion | 9.90% | 0.21x | $10.70 Million |
| Tplex Co. Ltd (081150) | $98.04 Billion | 2.26% | 0.55x | $31.02 Million |