Formetal Co. Ltd
Formetal Co., Ltd. operates as a metal forging company in Korea. It is involved in free, metal, composite, and non-ferrous metal forging activities. The company provides RV gears, hold flanges, and shafts for the wind power generation industry; eyes, ice cleats, sprockets, oil caps, wear rings, hubs, wheels, and alex arms for the defense industry; and boom, center, and front bearings, as well as … Read more
Formetal Co. Ltd (119500) - Net Assets
Latest net assets as of September 2025: ₩51.21 Billion KRW
Based on the latest financial reports, Formetal Co. Ltd (119500) has net assets worth ₩51.21 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 (₩62.96 Billion) and total liabilities (₩11.75 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 | ₩51.21 Billion |
| % of Total Assets | 81.34% |
| Annual Growth Rate | 2.87% |
| 5-Year Change | 9.4% |
| 10-Year Change | 30.01% |
| Growth Volatility | 0.87 |
Formetal Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Formetal 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 Formetal Co. Ltd (2014–2024)
The table below shows the annual net assets of Formetal Co. Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩50.06 Billion | +1.70% |
| 2023-12-31 | ₩49.22 Billion | +2.03% |
| 2022-12-31 | ₩48.24 Billion | +2.58% |
| 2021-12-31 | ₩47.03 Billion | +2.77% |
| 2020-12-31 | ₩45.76 Billion | +2.30% |
| 2019-12-31 | ₩44.73 Billion | +3.12% |
| 2018-12-31 | ₩43.38 Billion | +3.86% |
| 2017-12-31 | ₩41.77 Billion | +3.82% |
| 2016-12-31 | ₩40.23 Billion | +4.48% |
| 2015-12-31 | ₩38.51 Billion | +2.12% |
| 2014-12-31 | ₩37.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formetal 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 45.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩36.47 Billion | 72.85% |
| Common Stock | ₩6.01 Billion | 12.01% |
| Other Components | ₩7.58 Billion | 15.14% |
| Total Equity | ₩50.06 Billion | 100.00% |
Formetal Co. Ltd Competitors by Market Cap
The table below lists competitors of Formetal Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RDE, Inc. Common Stock
NASDAQ:RSTN
|
$21.48 Million |
|
Neo-Neon Holdings Limited
TW:911868
|
$21.49 Million |
|
Eskay Mining Corp
PINK:ESKYF
|
$21.49 Million |
|
Fine Blanking & Tool Co Ltd
TWO:4535
|
$21.49 Million |
|
MARINOMED BIOTECH AG INH.
F:93Z
|
$21.48 Million |
|
Simple Mart Retail Co Ltd
TW:2945
|
$21.47 Million |
|
CMR S.A.B. de C.V
MX:CMRB
|
$21.46 Million |
|
SIMEC Atlantis Energy Limited
PINK:SMAYF
|
$21.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formetal Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 49,221,639,560 to 50,060,419,670, a change of 838,780,110 (1.7%).
- Net income of 1,567,035,710 contributed positively to equity growth.
- Dividend payments of 710,833,920 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.57 Billion | +3.13% |
| Dividends Paid | ₩710.83 Million | -1.42% |
| Other Changes | ₩-17.42 Million | -0.03% |
| Total Change | ₩- | 1.70% |
Book Value vs Market Value Analysis
This analysis compares Formetal 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: 0.98x
- 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 1.22x to 0.98x 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 | ₩3395.70 | ₩4155.00 | x |
| 2017-12-31 | ₩3525.32 | ₩4155.00 | x |
| 2018-12-31 | ₩3661.29 | ₩4155.00 | x |
| 2019-12-31 | ₩3775.67 | ₩4155.00 | x |
| 2020-12-31 | ₩3862.53 | ₩4155.00 | x |
| 2021-12-31 | ₩3969.37 | ₩4155.00 | x |
| 2022-12-31 | ₩4071.91 | ₩4155.00 | x |
| 2023-12-31 | ₩4154.70 | ₩4155.00 | x |
| 2024-12-31 | ₩4225.50 | ₩4155.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formetal 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): 3.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.41%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.24x
- Recent ROE (3.13%) is below the historical average (3.86%), 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 | 1.17% | 0.86% | 0.86x | 1.58x | ₩-3.33 Billion |
| 2015 | 2.25% | 1.93% | 0.82x | 1.43x | ₩-2.98 Billion |
| 2016 | 4.68% | 4.11% | 0.83x | 1.37x | ₩-2.14 Billion |
| 2017 | 5.88% | 4.54% | 0.89x | 1.46x | ₩-1.72 Billion |
| 2018 | 4.82% | 3.77% | 0.91x | 1.40x | ₩-2.25 Billion |
| 2019 | 4.92% | 4.27% | 0.82x | 1.40x | ₩-2.27 Billion |
| 2020 | 3.86% | 3.39% | 0.83x | 1.38x | ₩-2.81 Billion |
| 2021 | 4.28% | 3.24% | 0.96x | 1.37x | ₩-2.69 Billion |
| 2022 | 3.58% | 2.48% | 1.04x | 1.39x | ₩-3.10 Billion |
| 2023 | 3.88% | 2.69% | 1.08x | 1.33x | ₩-3.01 Billion |
| 2024 | 3.13% | 2.41% | 1.05x | 1.24x | ₩-3.44 Billion |
Industry Comparison
This section compares Formetal Co. Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $168,662,328,372
- Average return on equity (ROE) among peers: 7.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formetal Co. Ltd (119500) | ₩51.21 Billion | 1.17% | 0.23x | $21.48 Million |
| Namsun Alumini (008350) | $74.23 Billion | 33.34% | 2.50x | $103.30 Million |
| Namsun Aluminium Co Ltd (008355) | $147.81 Billion | 14.71% | 0.93x | $866.35 Million |
| Dae Chang (012800) | $215.09 Billion | 2.35% | 1.68x | $42.19 Million |
| Sung Kwang Bend Co.Ltd (014620) | $469.07 Billion | 0.97% | 0.13x | $363.40 Million |
| Seowon (021050) | $124.00 Billion | -8.19% | 0.99x | $25.62 Million |
| Lee Ku Ind (025820) | $108.92 Billion | 1.97% | 1.52x | $57.19 Million |
| Nara Mold & Die Co. Ltd (051490) | $73.83 Billion | 5.99% | 1.13x | $23.31 Million |
| Posco C&C Stl (058430) | $204.96 Billion | 15.18% | 0.98x | $79.60 Million |
| Haisung TPC Co. Ltd. (059270) | $39.89 Billion | -1.95% | 0.09x | $56.97 Million |
| Kishin Corporation (092440) | $228.83 Billion | 8.10% | 0.07x | $13.16 Million |