Seosan Corporation
Seosan Corporation produces and sells concrete mixers in South Korea. It also offers fume pipes, connectors, files, ready-mixed concrete, square tubes, electric poles, high-strength piles, and other products. The company was founded in 1974 and is headquartered in Gwangju, South Korea.
Seosan Corporation (079650) - Net Assets
Latest net assets as of September 2025: ₩100.91 Billion KRW
Based on the latest financial reports, Seosan Corporation (079650) has net assets worth ₩100.91 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 (₩107.44 Billion) and total liabilities (₩6.54 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 | ₩100.91 Billion |
| % of Total Assets | 93.92% |
| Annual Growth Rate | 6.57% |
| 5-Year Change | 11.75% |
| 10-Year Change | 13.59% |
| Growth Volatility | 19.07 |
Seosan Corporation - Net Assets Trend (2006–2024)
This chart illustrates how Seosan Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Seosan Corporation (2006–2024)
The table below shows the annual net assets of Seosan Corporation from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩70.03 Billion | -34.13% |
| 2023-12-31 | ₩106.32 Billion | +54.33% |
| 2022-12-31 | ₩68.89 Billion | +2.78% |
| 2021-12-31 | ₩67.03 Billion | +6.97% |
| 2020-12-31 | ₩62.66 Billion | -11.14% |
| 2019-12-31 | ₩70.52 Billion | -3.96% |
| 2018-12-31 | ₩73.43 Billion | +0.02% |
| 2017-12-31 | ₩73.42 Billion | +4.85% |
| 2016-12-31 | ₩70.02 Billion | +13.58% |
| 2015-12-31 | ₩61.65 Billion | -20.82% |
| 2014-12-31 | ₩77.87 Billion | +20.60% |
| 2013-12-31 | ₩64.57 Billion | +18.12% |
| 2012-12-31 | ₩54.66 Billion | +26.52% |
| 2011-12-31 | ₩43.20 Billion | +28.91% |
| 2010-12-31 | ₩33.51 Billion | +3.59% |
| 2009-12-31 | ₩32.35 Billion | +10.87% |
| 2008-12-31 | ₩29.18 Billion | +14.17% |
| 2007-12-31 | ₩25.56 Billion | +14.75% |
| 2006-12-31 | ₩22.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seosan Corporation'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 270.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩67.60 Billion | 96.53% |
| Common Stock | ₩2.00 Billion | 2.86% |
| Other Components | ₩432.07 Million | 0.62% |
| Total Equity | ₩70.03 Billion | 100.00% |
Seosan Corporation Competitors by Market Cap
The table below lists competitors of Seosan Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CIC39 Corp
VN:C32
|
$6.89 Million |
|
Hamelin Gold Ltd
AU:HMG
|
$6.89 Million |
|
K-Tech Solutions Company Limited Class A Ordinary Shares
NASDAQ:KMRK
|
$6.89 Million |
|
Tamtron Group Oyj
HE:TAMTRON
|
$6.89 Million |
|
240600
KQ:240600
|
$6.88 Million |
|
Qualstar Corporation
PINK:QBAK
|
$6.88 Million |
|
Microequities Asset Management Group Ltd
AU:MAM
|
$6.88 Million |
|
Karyon Industries Bhd
KLSE:0054
|
$6.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seosan Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 70,477,032,200 to 70,028,857,910, a change of -448,174,290 (-0.6%).
- Net loss of 475,981,770 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-475.98 Million | -0.68% |
| Other Changes | ₩27.81 Million | +0.04% |
| Total Change | ₩- | -0.64% |
Book Value vs Market Value Analysis
This analysis compares Seosan Corporation'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: 0.45x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩3501.15 | ₩1570.00 | x |
| 2017-12-31 | ₩3670.82 | ₩1570.00 | x |
| 2018-12-31 | ₩3671.45 | ₩1570.00 | x |
| 2019-12-31 | ₩3526.07 | ₩1570.00 | x |
| 2020-12-31 | ₩3133.14 | ₩1570.00 | x |
| 2021-12-31 | ₩3351.55 | ₩1570.00 | x |
| 2022-12-31 | ₩3444.61 | ₩1570.00 | x |
| 2023-12-31 | ₩3523.85 | ₩1570.00 | x |
| 2024-12-31 | ₩3501.44 | ₩1570.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seosan Corporation 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): -0.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.33%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.60x
- Recent ROE (-0.68%) is below the historical average (7.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 8.41% | 3.48% | 1.32x | 1.83x | ₩-365.49 Million |
| 2008 | 8.43% | 3.62% | 1.43x | 1.63x | ₩-394.38 Million |
| 2009 | 7.24% | 4.11% | 1.19x | 1.49x | ₩-737.54 Million |
| 2010 | 0.39% | 0.24% | 1.09x | 1.46x | ₩-2.58 Billion |
| 2011 | 21.80% | 12.35% | 1.14x | 1.55x | ₩3.93 Billion |
| 2012 | 28.94% | 14.04% | 1.29x | 1.59x | ₩7.72 Billion |
| 2013 | 11.97% | 6.11% | 1.23x | 1.59x | ₩902.51 Million |
| 2014 | 13.49% | 7.16% | 1.13x | 1.67x | ₩1.85 Billion |
| 2015 | 14.59% | 7.96% | 1.02x | 1.79x | ₩2.83 Billion |
| 2016 | 12.53% | 7.79% | 0.92x | 1.76x | ₩1.77 Billion |
| 2017 | 5.30% | 3.88% | 0.79x | 1.72x | ₩-3.45 Billion |
| 2018 | -1.05% | -0.92% | 0.67x | 1.69x | ₩-8.11 Billion |
| 2019 | -1.70% | -2.29% | 0.44x | 1.69x | ₩-8.25 Billion |
| 2020 | -10.30% | -16.30% | 0.36x | 1.75x | ₩-12.72 Billion |
| 2021 | 5.88% | 7.03% | 0.50x | 1.69x | ₩-2.76 Billion |
| 2022 | 1.72% | 2.41% | 0.44x | 1.62x | ₩-5.70 Billion |
| 2023 | 2.21% | 3.78% | 0.36x | 1.62x | ₩-5.49 Billion |
| 2024 | -0.68% | -1.33% | 0.32x | 1.60x | ₩-7.48 Billion |
Industry Comparison
This section compares Seosan Corporation's net assets metrics with peer companies in the Construction Materials industry.
Industry Context
- Industry: Construction Materials
- Average net assets among peers: $779,586,270,700
- Average return on equity (ROE) among peers: -3.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seosan Corporation (079650) | ₩100.91 Billion | 8.41% | 0.06x | $6.88 Million |
| Tongyang 3PB Preffered (001529) | $779.59 Billion | -3.01% | 0.28x | $159.76 Million |