Seojin Automotive Co.Ltd (122690) - Net Assets
Based on the latest financial reports, Seojin Automotive Co.Ltd (122690) has net assets worth ₩431.19 Billion KRW (≈ $292.21 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.89 Trillion ≈ $1.28 Billion USD) and total liabilities (₩1.46 Trillion ≈ $989.27 Million 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 122690 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩431.19 Billion |
| % of Total Assets | 22.8% |
| Annual Growth Rate | -5.77% |
| 5-Year Change | 26.92% |
| 10-Year Change | -55.26% |
| Growth Volatility | 65.65 |
Seojin Automotive Co.Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Seojin Automotive Co.Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Seojin Automotive Co.Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Seojin Automotive Co.Ltd (2012–2024)
The table below shows the annual net assets of Seojin Automotive Co.Ltd from 2012 to 2024. For live valuation and market cap data, see Seojin Automotive Co.Ltd (122690) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩92.63 Billion ≈ $62.78 Million |
-64.46% |
| 2023-12-31 | ₩260.62 Billion ≈ $176.62 Million |
+213.59% |
| 2022-12-31 | ₩83.11 Billion ≈ $56.32 Million |
+13.86% |
| 2021-12-31 | ₩72.99 Billion ≈ $49.47 Million |
+0.01% |
| 2020-12-31 | ₩72.98 Billion ≈ $49.46 Million |
-16.73% |
| 2019-12-31 | ₩87.65 Billion ≈ $59.40 Million |
-13.84% |
| 2018-12-31 | ₩101.73 Billion ≈ $68.94 Million |
-8.22% |
| 2017-12-31 | ₩110.84 Billion ≈ $75.11 Million |
-9.74% |
| 2016-12-31 | ₩122.79 Billion ≈ $83.21 Million |
-40.70% |
| 2015-12-31 | ₩207.06 Billion ≈ $140.32 Million |
+2.14% |
| 2014-12-31 | ₩202.72 Billion ≈ $137.38 Million |
+1.86% |
| 2013-12-31 | ₩199.02 Billion ≈ $134.87 Million |
+5.31% |
| 2012-12-31 | ₩188.99 Billion ≈ $128.07 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Seojin Automotive 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 3160679900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩31.61 Billion | 34.12% |
| Common Stock | ₩10.92 Billion | 11.79% |
| Other Components | ₩50.11 Billion | 54.09% |
| Total Equity | ₩92.63 Billion | 100.00% |
Seojin Automotive Co.Ltd Competitors by Market Cap
The table below lists competitors of Seojin Automotive Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Commerce Resources Corp.
V:CCE
|
$30.80 Million |
|
Parkson Retail Group Limited
F:P5IB
|
$30.80 Million |
|
Axita Cotton Limited
NSE:AXITA
|
$30.80 Million |
|
Perimeter Medical Imaging AI Inc
V:PINK
|
$30.83 Million |
|
Italy Innovazioni SpA
PA:MLITN
|
$30.78 Million |
|
Alam Maritim Resources Bhd
KLSE:5115
|
$30.76 Million |
|
Chin Yang Chem
KO:051630
|
$30.75 Million |
|
GLOBUS MARITIME DL -004
F:0G93
|
$30.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seojin Automotive Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 88,571,558,950 to 92,634,682,060, a change of 4,063,123,110 (4.6%).
- Net income of 1,168,560,350 contributed positively to equity growth.
- Dividend payments of 1,691,252,400 reduced retained earnings.
- Other factors increased equity by 4,585,815,160.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.17 Billion | +1.26% |
| Dividends Paid | ₩1.69 Billion | -1.83% |
| Other Changes | ₩4.59 Billion | +4.95% |
| Total Change | ₩- | 4.59% |
Book Value vs Market Value Analysis
This analysis compares Seojin Automotive 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: 0.55x
- 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 increased from 0.30x to 0.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩7718.63 | ₩2340.00 | x |
| 2017-12-31 | ₩5708.19 | ₩2340.00 | x |
| 2018-12-31 | ₩5239.25 | ₩2340.00 | x |
| 2019-12-31 | ₩4513.95 | ₩2340.00 | x |
| 2020-12-31 | ₩3758.72 | ₩2340.00 | x |
| 2021-12-31 | ₩3759.23 | ₩2340.00 | x |
| 2022-12-31 | ₩3973.27 | ₩2340.00 | x |
| 2023-12-31 | ₩4196.87 | ₩2340.00 | x |
| 2024-12-31 | ₩4264.86 | ₩2340.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seojin Automotive 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): 1.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.05%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 17.08x
- Recent ROE (1.26%) is above the historical average (-2.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 6.74% | 0.64% | 1.75x | 6.04x | ₩-3.94 Billion |
| 2015 | 3.41% | 0.31% | 1.64x | 6.78x | ₩-7.91 Billion |
| 2016 | 1.82% | 0.17% | 1.58x | 6.68x | ₩-10.05 Billion |
| 2017 | -9.65% | -0.86% | 1.49x | 7.48x | ₩-21.78 Billion |
| 2018 | -16.50% | -1.30% | 1.48x | 8.52x | ₩-26.96 Billion |
| 2019 | -17.65% | -1.08% | 1.64x | 9.94x | ₩-24.23 Billion |
| 2020 | -19.16% | -0.93% | 1.76x | 11.72x | ₩-21.28 Billion |
| 2021 | 4.80% | 0.20% | 1.93x | 12.49x | ₩-3.80 Billion |
| 2022 | 8.54% | 0.34% | 2.00x | 12.60x | ₩-1.21 Billion |
| 2023 | 9.91% | 0.36% | 1.97x | 14.07x | ₩-82.91 Million |
| 2024 | 1.26% | 0.05% | 1.64x | 17.08x | ₩-8.09 Billion |
Industry Comparison
This section compares Seojin Automotive Co.Ltd's net assets metrics with peer companies in the Automobiles & Auto Parts industry.
Industry Context
- Industry: Automobiles & Auto Parts
- Average net assets among peers: $91,297,736,648
- Average return on equity (ROE) among peers: 7.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seojin Automotive Co.Ltd (122690) | ₩431.19 Billion | 6.74% | 3.39x | $30.79 Million |
| CBI Co. Ltd (013720) | $21.38 Billion | 0.58% | 0.68x | $3.59 Million |
| Ilji Technology Co. Ltd (019540) | $103.46 Billion | 26.96% | 2.06x | $63.54 Million |
| Hanil Forging Industrial Co. Ltd (024740) | $83.75 Billion | 0.00% | 1.52x | $69.69 Million |
| HRS Co. Ltd (036640) | $81.18 Billion | 11.35% | 0.13x | $58.24 Million |
| Ecoplastic Corporation (038110) | $122.63 Billion | -7.36% | 3.73x | $63.15 Million |
| Saedong Co.Ltd (053060) | $27.32 Billion | -6.74% | 3.60x | $19.28 Million |
| Guyoung Technology Co. Ltd (053270) | $153.97 Billion | 14.66% | 3.61x | $39.94 Million |
| Sambo Motors Co. Ltd (053700) | $174.03 Billion | 9.16% | 2.83x | $63.24 Million |
| ESTec Corporation (069510) | $100.68 Billion | 12.93% | 0.72x | $90.96 Million |
| Sungchang Autotech Co. Ltd (080470) | $44.58 Billion | 9.27% | 1.39x | $21.22 Million |
About Seojin Automotive Co.Ltd
Seojin Automotive Co.,Ltd. produces, supplies, and sells automobile clutches and components. Its products include clutch covers, discs, and facings; fly wheels; release bearings for passenger cars and commercial vehicles; and automatic transmission parts, including retainer and clutch assy, disk jets, drums, wet clutches, break bands, separator plates, lockup dumpers, drive plates, park pawls, si… Read more