L&F Co. Ltd

KQ:066970 Korea Chemicals
Market Cap
$1.90 Billion
₩2.78 Trillion KRW
Market Cap Rank
#4675 Global
#89 in Korea
Share Price
₩132300.00
Change (1 day)
+0.23%
52-Week Range
₩47800.00 - ₩147000.00
All Time High
₩336057.61
Categories
Companies in Korea Chemicals
About

L&F Co., Ltd. manufactures and sells electronic materials in Korea. The company offers cathode active materials used in electric vehicles, power storage devices, IT devices, household appliances, and power tools. Its product includes LiNiMnCoO2, LiCoO2, and LiMn2O4. The company also provides wireless TFT LCD, PMMA plates and sheets, etc. L&F Co., Ltd. was founded in 2000 and is based in Daegu, So… Read more

L&F Co. Ltd (066970) - Net Assets

Latest net assets as of December 2023: ₩1.11 Trillion KRW

Based on the latest financial reports, L&F Co. Ltd (066970) has net assets worth ₩1.11 Trillion KRW as of December 2023.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩3.35 Trillion) and total liabilities (₩2.24 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 ₩1.11 Trillion
% of Total Assets 33.12%
Annual Growth Rate 25.08%
5-Year Change 757.61%
10-Year Change 1722.64%
Growth Volatility 60.05

L&F Co. Ltd - Net Assets Trend (2008–2023)

This chart illustrates how L&F 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 L&F Co. Ltd (2008–2023)

The table below shows the annual net assets of L&F Co. Ltd from 2008 to 2023.

Year Net Assets Change
2023-12-31 ₩1.11 Trillion -13.26%
2022-12-31 ₩1.28 Trillion +102.88%
2021-12-31 ₩630.79 Billion +224.41%
2020-12-31 ₩194.44 Billion +50.23%
2019-12-31 ₩129.43 Billion -7.96%
2018-12-31 ₩140.63 Billion +15.87%
2017-12-31 ₩121.37 Billion +38.38%
2016-12-31 ₩87.71 Billion +74.37%
2015-12-31 ₩50.30 Billion -17.41%
2014-12-31 ₩60.90 Billion +17.46%
2013-12-31 ₩51.85 Billion +6.73%
2012-12-31 ₩48.58 Billion +2.83%
2011-12-31 ₩47.24 Billion +10.72%
2010-12-31 ₩42.67 Billion +6.59%
2009-12-31 ₩40.03 Billion +3.37%
2008-12-31 ₩38.72 Billion --

Equity Component Analysis

This analysis shows how different components contribute to L&F 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 70819.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component Amount Percentage
Retained Earnings ₩357.86 Billion 32.62%
Other Components ₩739.30 Billion 67.38%
Total Equity ₩1.10 Trillion 100.00%

L&F Co. Ltd Competitors by Market Cap

The table below lists competitors of L&F Co. Ltd ranked by their market capitalization.

Company Market Cap
Seadrill Limited
NYSE:SDRL
 		$2.22 Billion
Viscofan
MC:VIS
 		$2.23 Billion
ABM Industries Incorporated
NYSE:ABM
 		$2.23 Billion
Codan Ltd
AU:CDA
 		$2.23 Billion
Carl Zeiss Meditec AG
PINK:CZMWF
 		$2.22 Billion
MC GRATH RENT DL-01
F:MG8
 		$2.22 Billion
The Andersons Inc
NASDAQ:ANDE
 		$2.22 Billion
Guangdong Fenghua Advanced Technology Holding Co Ltd
SHE:000636
 		$2.22 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in L&F Co. Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 1,279,735,719,870 to 1,097,160,663,010, a change of -182,575,056,860 (-14.3%).
  • Net loss of 194,314,485,080 reduced equity.
  • Dividend payments of 17,082,246,480 reduced retained earnings.
  • Share repurchases of 432,361,620 reduced equity.
  • New share issuances of 24,685,491,990 increased equity.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income ₩-194.31 Billion -17.71%
Dividends Paid ₩17.08 Billion -1.56%
Share Repurchases ₩432.36 Million -0.04%
Share Issuances ₩24.69 Billion +2.25%
Other Changes ₩4.57 Billion +0.42%
Total Change ₩- -14.27%

Book Value vs Market Value Analysis

This analysis compares L&F 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: 4.04x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 31.64x to 4.04x 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 ₩4181.65 ₩132300.00 x
2017-12-31 ₩5399.66 ₩132300.00 x
2018-12-31 ₩6203.06 ₩132300.00 x
2019-12-31 ₩5708.78 ₩132300.00 x
2020-12-31 ₩7689.49 ₩132300.00 x
2021-12-31 ₩20301.21 ₩132300.00 x
2022-12-31 ₩38453.93 ₩132300.00 x
2023-12-31 ₩32742.06 ₩132300.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently L&F 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): -17.71%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -4.18%
  • • Asset Turnover: 1.39x
  • • Equity Multiplier: 3.05x
  • Recent ROE (-17.71%) is below the historical average (1.15%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 4.71% 1.80% 1.30x 2.01x ₩-1.85 Billion
2009 5.85% 1.68% 1.81x 1.92x ₩-1.52 Billion
2010 4.64% 1.13% 1.92x 2.14x ₩-2.05 Billion
2011 2.30% 0.45% 1.75x 2.93x ₩-3.16 Billion
2012 1.88% 0.33% 1.68x 3.44x ₩-3.37 Billion
2014 -2.53% -0.57% 1.51x 2.96x ₩-6.89 Billion
2015 -7.04% -1.51% 1.40x 3.35x ₩-8.57 Billion
2016 6.49% 2.28% 1.23x 2.31x ₩-3.08 Billion
2017 16.39% 4.94% 1.52x 2.19x ₩7.75 Billion
2018 13.82% 3.84% 1.53x 2.35x ₩5.37 Billion
2019 -6.95% -2.87% 0.75x 3.22x ₩-21.94 Billion
2020 -7.82% -4.27% 0.76x 2.40x ₩-34.65 Billion
2021 -17.93% -11.65% 0.63x 2.43x ₩-176.17 Billion
2022 21.10% 6.95% 1.29x 2.36x ₩142.00 Billion
2023 -17.71% -4.18% 1.39x 3.05x ₩-304.03 Billion

Industry Comparison

This section compares L&F Co. Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

  • Industry: Chemicals
  • Average net assets among peers: $1,255,006,389,426
  • Average return on equity (ROE) among peers: 4.77%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
L&F Co. Ltd (066970) ₩1.11 Trillion 4.71% 2.02x $2.22 Billion
Rifa Ind (000760) $182.80 Billion -0.59% 0.57x $8.64 Million
Kumyang (001570) $41.52 Billion 1.96% 1.56x $316.82 Million
Sh E & Chemical Co. Ltd. (002360) $90.01 Billion -7.58% 0.30x $19.57 Million
KCC Corporation (002380) $5.04 Trillion 6.16% 1.60x $1.73 Billion
Miwon Commerci (002840) $76.90 Billion 13.31% 0.59x $101.36 Million
Taekwang Ind (003240) $4.03 Trillion -0.46% 0.18x $160.16 Million
Lotte Fine Chemical Co Ltd (004000) $1.09 Trillion 6.74% 0.29x $531.66 Million
Dongjin Semichem Co. Ltd (005290) $84.13 Billion 5.65% 1.45x $1.10 Billion
Isu Chemical Co Ltd (005950) $443.96 Billion 8.00% 1.37x $86.62 Million
Korea Petro Chemical Ind (006650) $1.47 Trillion 14.55% 0.34x $342.33 Million