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

Latest as of December 2023: ₩1.11 Trillion KRW ≈ $752.22 Million USD

Based on the latest financial reports, L&F Co. Ltd (066970) has net assets worth ₩1.11 Trillion KRW (≈ $752.22 Million USD) 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 ≈ $2.27 Billion USD) and total liabilities (₩2.24 Trillion ≈ $1.52 Billion 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. Check 066970 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore L&F Co. Ltd asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see how much is L&F Co. Ltd worth.

Year	Net Assets	Change
2023-12-31	₩1.11 Trillion ≈ $752.22 Million	-13.26%
2022-12-31	₩1.28 Trillion ≈ $867.26 Million	+102.88%
2021-12-31	₩630.79 Billion ≈ $427.48 Million	+224.41%
2020-12-31	₩194.44 Billion ≈ $131.77 Million	+50.23%
2019-12-31	₩129.43 Billion ≈ $87.71 Million	-7.96%
2018-12-31	₩140.63 Billion ≈ $95.30 Million	+15.87%
2017-12-31	₩121.37 Billion ≈ $82.25 Million	+38.38%
2016-12-31	₩87.71 Billion ≈ $59.44 Million	+74.37%
2015-12-31	₩50.30 Billion ≈ $34.09 Million	-17.41%
2014-12-31	₩60.90 Billion ≈ $41.27 Million	+17.46%
2013-12-31	₩51.85 Billion ≈ $35.13 Million	+6.73%
2012-12-31	₩48.58 Billion ≈ $32.92 Million	+2.83%
2011-12-31	₩47.24 Billion ≈ $32.01 Million	+10.72%
2010-12-31	₩42.67 Billion ≈ $28.91 Million	+6.59%
2009-12-31	₩40.03 Billion ≈ $27.13 Million	+3.37%
2008-12-31	₩38.72 Billion ≈ $26.24 Million	--

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
National Bank Holdings Corporation NYSE:NBHC	$1.88 Billion
Lovisa Holdings Ltd AU:LOV	$1.89 Billion
Gestamp Automocion SA MC:GEST	$1.89 Billion
Inox Wind Limited NSE:INOXWIND	$1.89 Billion
Shenzhen Kingdom SCI Tech Co Ltd SHG:600446	$1.88 Billion
Homeco Daily Needs REIT AU:HDN	$1.88 Billion
Meta Financial Group Inc NASDAQ:CASH	$1.88 Billion
Shanghai Shyndec Pharmaceutical Co Ltd SHG:600420	$1.88 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: $1,249,276,842,952
Average return on equity (ROE) among peers: 3.65%

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	$1.88 Billion
Rifa Ind (000760)	$184.79 Billion	-1.16%	0.52x	$29.96 Million
Kumyang (001570)	$21.43 Billion	0.12%	1.54x	$428.33 Million
Sh E & Chemical Co. Ltd. (002360)	$64.16 Billion	3.67%	0.88x	$26.35 Million
KCC Corporation (002380)	$5.38 Trillion	-0.85%	1.40x	$2.77 Billion
Miwon Commerci (002840)	$400.46 Billion	12.62%	0.20x	$473.99 Million
Taekwang Ind (003240)	$3.48 Trillion	3.91%	0.25x	$570.36 Million
Lotte Fine Chemical Co Ltd (004000)	$1.19 Trillion	7.48%	0.38x	$1.20 Billion
Dongjin Semichem Co. Ltd (005290)	$553.45 Billion	18.66%	1.14x	$1.97 Billion
Isu Chemical Co Ltd (005950)	$373.77 Billion	-15.59%	1.93x	$193.47 Million
Korea Petro Chemical Ind (006650)	$842.12 Billion	7.61%	0.71x	$757.99 Million

About L&F Co. Ltd

KQ:066970 Korea Chemicals

Market Cap

$1.88 Billion

₩2.78 Trillion KRW

Market Cap Rank

#6494 Global

#171 in Korea

Share Price

₩132300.00

Change (1 day)

+0.23%

52-Week Range

₩47800.00 - ₩147000.00

All Time High

₩336057.61