GnCenergy Co Ltd
GnCenergy Co., Ltd engages in the manufacture and sale of power generators in Korea. The company offers power generators, including diesel power generators, gas power generators, and gas turbine generators. It is also involved in the biogas power generation activities. The company was formerly known as Korea Technology Service Co., Ltd. and changed its name to GnCenergy Co., Ltd in 2009. GnCenerg… Read more
GnCenergy Co Ltd (119850) - Net Assets
Latest net assets as of September 2025: ₩211.94 Billion KRW
Based on the latest financial reports, GnCenergy Co Ltd (119850) has net assets worth ₩211.94 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 (₩310.11 Billion) and total liabilities (₩98.17 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 | ₩211.94 Billion |
| % of Total Assets | 68.34% |
| Annual Growth Rate | 17.68% |
| 5-Year Change | 88.29% |
| 10-Year Change | 180.26% |
| Growth Volatility | 21.03 |
GnCenergy Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how GnCenergy 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 GnCenergy Co Ltd (2012–2024)
The table below shows the annual net assets of GnCenergy Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩158.88 Billion | +29.37% |
| 2023-12-31 | ₩122.81 Billion | +7.51% |
| 2022-12-31 | ₩114.23 Billion | +21.64% |
| 2021-12-31 | ₩93.91 Billion | +11.29% |
| 2020-12-31 | ₩84.38 Billion | +4.73% |
| 2019-12-31 | ₩80.57 Billion | +8.34% |
| 2018-12-31 | ₩74.37 Billion | +12.63% |
| 2017-12-31 | ₩66.02 Billion | +8.84% |
| 2016-12-31 | ₩60.66 Billion | +7.01% |
| 2015-12-31 | ₩56.69 Billion | +41.19% |
| 2013-12-31 | ₩40.15 Billion | +78.19% |
| 2012-12-31 | ₩22.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GnCenergy 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 600.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩137.49 Billion | 86.54% |
| Common Stock | ₩8.37 Billion | 5.27% |
| Other Components | ₩13.02 Billion | 8.19% |
| Total Equity | ₩158.88 Billion | 100.00% |
GnCenergy Co Ltd Competitors by Market Cap
The table below lists competitors of GnCenergy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Huiyuan Optical Com
SHE:000586
|
$241.69 Million |
|
Handa Pharmaceuticals Inc.
TWO:6620
|
$241.75 Million |
|
PlayNitride Inc.
TW:6854
|
$241.78 Million |
|
Guangdong Decro Film New
SHE:001378
|
$241.78 Million |
|
Mirae Asset Venture Investment Co. Ltd
KQ:100790
|
$241.66 Million |
|
Hubei Huaqiang High-Tech Co. Ltd. A
SHG:688151
|
$241.61 Million |
|
Sterling and Wilson Renewable Energy Limited
NSE:SWSOLAR
|
$241.57 Million |
|
Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi AS
IS:BASGZ
|
$241.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GnCenergy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 120,599,024,890 to 158,880,170,530, a change of 38,281,145,640 (31.7%).
- Net income of 38,484,512,950 contributed positively to equity growth.
- Dividend payments of 1,040,436,670 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩38.48 Billion | +24.22% |
| Dividends Paid | ₩1.04 Billion | -0.65% |
| Other Changes | ₩837.07 Million | +0.53% |
| Total Change | ₩- | 31.74% |
Book Value vs Market Value Analysis
This analysis compares GnCenergy 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: 3.32x
- 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 9.28x to 3.32x 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 | ₩3811.21 | ₩35350.00 | x |
| 2017-12-31 | ₩4108.44 | ₩35350.00 | x |
| 2018-12-31 | ₩4685.83 | ₩35350.00 | x |
| 2019-12-31 | ₩5076.72 | ₩35350.00 | x |
| 2020-12-31 | ₩5384.87 | ₩35350.00 | x |
| 2021-12-31 | ₩5919.75 | ₩35350.00 | x |
| 2022-12-31 | ₩7200.81 | ₩35350.00 | x |
| 2023-12-31 | ₩8113.84 | ₩35350.00 | x |
| 2024-12-31 | ₩10652.41 | ₩35350.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GnCenergy 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): 24.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.00%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.67x
- Recent ROE (24.22%) is above the historical average (11.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 16.07% | 6.00% | 0.98x | 2.73x | ₩1.37 Billion |
| 2013 | 10.61% | 6.21% | 1.05x | 1.63x | ₩246.26 Million |
| 2015 | 11.27% | 5.79% | 1.24x | 1.57x | ₩718.70 Million |
| 2016 | 11.41% | 5.94% | 1.19x | 1.62x | ₩854.65 Million |
| 2017 | 8.76% | 5.98% | 0.85x | 1.73x | ₩-818.59 Million |
| 2018 | 9.15% | 5.40% | 0.99x | 1.71x | ₩-630.13 Million |
| 2019 | 8.32% | 3.98% | 1.18x | 1.77x | ₩-1.36 Billion |
| 2020 | 3.47% | 1.82% | 1.10x | 1.73x | ₩-5.51 Billion |
| 2021 | 4.69% | 3.60% | 0.74x | 1.76x | ₩-4.99 Billion |
| 2022 | 23.98% | 18.44% | 0.87x | 1.49x | ₩15.97 Billion |
| 2023 | 9.44% | 6.84% | 0.89x | 1.55x | ₩-670.48 Million |
| 2024 | 24.22% | 17.00% | 0.85x | 1.67x | ₩22.60 Billion |
Industry Comparison
This section compares GnCenergy Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $135,419,592,788
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GnCenergy Co Ltd (119850) | ₩211.94 Billion | 16.07% | 0.46x | $241.68 Million |
| Hwacheon Mac (000850) | $337.27 Billion | 2.57% | 0.27x | $28.32 Million |
| Daidong Elec (008110) | $88.61 Billion | 9.10% | 0.47x | $11.34 Million |
| Booster Co. Ltd (008470) | $78.71 Billion | -1.57% | 0.22x | $7.43 Million |
| Simpac (009160) | $177.87 Billion | 4.27% | 0.64x | $73.77 Million |
| Kyung Dong Navien Co Ltd (009450) | $187.28 Billion | 5.94% | 0.89x | $260.71 Million |
| Korea Refract (010040) | $108.02 Billion | 5.31% | 0.90x | $5.93 Million |
| Woojin I&S Co Ltd (010400) | $59.84 Billion | 17.27% | 0.32x | $6.85 Million |
| Hwacheon Machi (010660) | $124.59 Billion | -4.92% | 0.27x | $43.29 Million |
| Han Shin Mach (011700) | $89.60 Billion | -1.35% | 0.41x | $87.00 Million |
| STX Corporation (011810) | $102.41 Billion | -13.24% | 6.24x | $45.77 Million |