Haatz Inc (066130) - Net Assets
Based on the latest financial reports, Haatz Inc (066130) has net assets worth ₩113.13 Billion KRW (≈ $76.67 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩158.81 Billion ≈ $107.62 Million USD) and total liabilities (₩45.68 Billion ≈ $30.96 Million USD). 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. Also explore Haatz Inc asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩113.13 Billion |
| % of Total Assets | 71.24% |
| Annual Growth Rate | 4.47% |
| 5-Year Change | 25.52% |
| 10-Year Change | 48.04% |
| Growth Volatility | 2.63 |
Haatz Inc - Net Assets Trend (2014–2024)
This chart illustrates how Haatz Inc's net assets have evolved over time, based on quarterly financial data. Check 066130 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Haatz Inc (2014–2024)
The table below shows the annual net assets of Haatz Inc from 2014 to 2024. For live valuation and market cap data, see 066130 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩109.99 Billion ≈ $74.54 Million |
+8.08% |
| 2023-12-31 | ₩101.77 Billion ≈ $68.97 Million |
+4.80% |
| 2022-12-31 | ₩97.10 Billion ≈ $65.81 Million |
+2.62% |
| 2021-12-31 | ₩94.63 Billion ≈ $64.13 Million |
+7.99% |
| 2020-12-31 | ₩87.63 Billion ≈ $59.39 Million |
+5.79% |
| 2019-12-31 | ₩82.83 Billion ≈ $56.13 Million |
+2.65% |
| 2018-12-31 | ₩80.69 Billion ≈ $54.68 Million |
-1.35% |
| 2017-12-31 | ₩81.80 Billion ≈ $55.43 Million |
+5.58% |
| 2016-12-31 | ₩77.48 Billion ≈ $52.50 Million |
+4.28% |
| 2015-12-31 | ₩74.30 Billion ≈ $50.35 Million |
+4.59% |
| 2014-12-31 | ₩71.03 Billion ≈ $48.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Haatz Inc'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 77.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩95.46 Billion | 86.79% |
| Common Stock | ₩6.40 Billion | 5.82% |
| Other Components | ₩8.13 Billion | 7.39% |
| Total Equity | ₩109.99 Billion | 100.00% |
Haatz Inc Competitors by Market Cap
The table below lists competitors of Haatz Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Homes Group Inc.
NASDAQ:UHG
|
$26.66 Million |
|
Verde Agritech PLC
TO:NPK
|
$26.67 Million |
|
Tayih Lun An Co Ltd
TWO:8107
|
$26.70 Million |
|
Sanatana Resources
V:STA
|
$26.71 Million |
|
Busan Ind
KO:011390
|
$26.66 Million |
|
Madison Pacific Properties Inc.
TO:MPC
|
$26.66 Million |
|
Kwang Myung El
KO:017040
|
$26.65 Million |
|
Embrace Change Acquisition Corp Ordinary Shares
NASDAQ:EMCG
|
$26.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haatz Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 101,765,594,940 to 109,992,119,740, a change of 8,226,524,800 (8.1%).
- Net income of 8,880,676,860 contributed positively to equity growth.
- Dividend payments of 1,080,432,990 reduced retained earnings.
- Share repurchases of 40,480,000 reduced equity.
- New share issuances of 40,480,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩8.88 Billion | +8.07% |
| Dividends Paid | ₩1.08 Billion | -0.98% |
| Share Repurchases | ₩40.48 Million | -0.04% |
| Share Issuances | ₩40.48 Million | +0.04% |
| Other Changes | ₩426.28 Million | +0.39% |
| Total Change | ₩- | 8.08% |
Book Value vs Market Value Analysis
This analysis compares Haatz Inc'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: 0.36x
- 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 0.53x to 0.36x 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 | ₩6141.88 | ₩3275.00 | x |
| 2017-12-31 | ₩6477.33 | ₩3275.00 | x |
| 2018-12-31 | ₩6605.89 | ₩3275.00 | x |
| 2019-12-31 | ₩6777.95 | ₩3275.00 | x |
| 2020-12-31 | ₩7218.81 | ₩3275.00 | x |
| 2021-12-31 | ₩7799.82 | ₩3275.00 | x |
| 2022-12-31 | ₩8100.08 | ₩3275.00 | x |
| 2023-12-31 | ₩8477.07 | ₩3275.00 | x |
| 2024-12-31 | ₩9156.97 | ₩3275.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haatz Inc 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): 8.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.76%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 1.44x
- Recent ROE (8.07%) is above the historical average (5.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 4.80% | 4.48% | 0.92x | 1.16x | ₩-3.69 Billion |
| 2015 | 5.34% | 4.86% | 0.93x | 1.17x | ₩-3.47 Billion |
| 2016 | 5.28% | 4.64% | 0.95x | 1.20x | ₩-3.65 Billion |
| 2017 | 5.54% | 4.44% | 1.06x | 1.18x | ₩-3.65 Billion |
| 2018 | 1.87% | 1.46% | 1.10x | 1.17x | ₩-6.56 Billion |
| 2019 | 2.87% | 2.11% | 1.15x | 1.18x | ₩-5.91 Billion |
| 2020 | 6.84% | 4.79% | 1.20x | 1.19x | ₩-2.77 Billion |
| 2021 | 8.54% | 5.89% | 1.16x | 1.24x | ₩-1.38 Billion |
| 2022 | 4.73% | 3.21% | 1.06x | 1.39x | ₩-5.12 Billion |
| 2023 | 5.90% | 3.88% | 1.07x | 1.42x | ₩-4.17 Billion |
| 2024 | 8.07% | 4.76% | 1.18x | 1.44x | ₩-2.12 Billion |
Industry Comparison
This section compares Haatz Inc's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $235,965,122,201
- Average return on equity (ROE) among peers: 12.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haatz Inc (066130) | ₩113.13 Billion | 4.80% | 0.40x | $26.66 Million |
| Shinil Electronics Co (002700) | $66.64 Billion | 17.46% | 0.53x | $50.01 Million |
| Ace Bed Company Limited (003800) | $252.03 Billion | 15.10% | 0.14x | $232.87 Million |
| Hankook Furniture Co. Ltd (004590) | $116.75 Billion | 7.93% | 0.33x | $50.83 Million |
| Hanssem (009240) | $123.52 Billion | 8.88% | 0.98x | $437.62 Million |
| Enex Co.Ltd (011090) | $59.46 Billion | 2.28% | 1.61x | $77.85 Million |
| Zinus Inc (013890) | $414.41 Billion | 11.05% | 1.16x | $128.97 Million |
| Fursys (016800) | $102.46 Billion | 19.27% | 0.24x | $151.61 Million |
| COWAY Co. Ltd (021240) | $1.09 Trillion | 32.20% | 1.19x | $4.35 Billion |
| PN Poong Nyun Co. Ltd (024940) | $46.25 Billion | 3.69% | 0.18x | $12.10 Million |
| Hansol Homedec (025750) | $90.42 Billion | 7.51% | 1.39x | $19.72 Million |
About Haatz Inc
HAATZ Inc. engages in the manufacture and sale of home appliances in South Korea. The company offers kitchen appliances, including hood and cooking zone systems, electric and gas cooktops, food dehydrators, detergent and sink faucets, sink bowls, built-in electrical outlets, flap and built-in lift-up doors, electric cooktop stands, and water savers. It also provides bathroom products, such as toi… Read more