JNK Heaters Co. Ltd (126880) - Net Assets

Latest as of March 2026: ₩154.20 Billion KRW ≈ $104.50 Million USD

Based on the latest financial reports, JNK Heaters Co. Ltd (126880) has net assets worth ₩154.20 Billion KRW (≈ $104.50 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩297.62 Billion ≈ $201.69 Million USD) and total liabilities (₩143.42 Billion ≈ $97.19 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 tangible net worth ratio of JNK Heaters Co. Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩154.20 Billion
% of Total Assets	51.81%
Annual Growth Rate	9.29%
5-Year Change	49.41%
10-Year Change	123.73%
Growth Volatility	35.22

JNK Heaters Co. Ltd - Net Assets Trend (2010–2025)

This chart illustrates how JNK Heaters Co. Ltd's net assets have evolved over time, based on quarterly financial data. See 126880 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for JNK Heaters Co. Ltd (2010–2025)

The table below shows the annual net assets of JNK Heaters Co. Ltd from 2010 to 2025. For live valuation and market cap data, see how much is JNK Heaters Co. Ltd worth.

Year	Net Assets	Change
2025-12-31	₩158.56 Billion ≈ $107.46 Million	-25.80%
2024-12-31	₩213.69 Billion ≈ $144.81 Million	+87.08%
2023-12-31	₩114.22 Billion ≈ $77.41 Million	+0.94%
2022-12-31	₩113.16 Billion ≈ $76.69 Million	+6.63%
2021-12-31	₩106.12 Billion ≈ $71.92 Million	+3.51%
2020-12-31	₩102.53 Billion ≈ $69.48 Million	+17.79%
2019-12-31	₩87.05 Billion ≈ $58.99 Million	+67.29%
2018-12-31	₩52.03 Billion ≈ $35.26 Million	-8.91%
2017-12-31	₩57.12 Billion ≈ $38.71 Million	-19.40%
2016-12-31	₩70.87 Billion ≈ $48.03 Million	+24.00%
2015-12-31	₩57.15 Billion ≈ $38.73 Million	-0.54%
2014-12-31	₩57.46 Billion ≈ $38.94 Million	-24.34%
2013-12-31	₩75.95 Billion ≈ $51.47 Million	-1.70%
2012-12-31	₩77.26 Billion ≈ $52.36 Million	+1.31%
2011-12-31	₩76.26 Billion ≈ $51.68 Million	+82.31%
2010-12-31	₩41.83 Billion ≈ $28.35 Million	--

Equity Component Analysis

This analysis shows how different components contribute to JNK Heaters 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 11475284602000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩114.75 Billion	72.37%
Other Components	₩43.81 Billion	27.63%
Total Equity	₩158.56 Billion	100.00%

JNK Heaters Co. Ltd Competitors by Market Cap

The table below lists competitors of JNK Heaters Co. Ltd ranked by their market capitalization.

Company	Market Cap
Gunawan Dianjaya Steel Tbk JK:GDST	$43.87 Million
Sam Jung Pulp KO:009770	$43.88 Million
SP Systems Co.Ltd KQ:317830	$43.91 Million
Johnson Matthey PLC LSE:JMAT	$43.91 Million
Atec Co. Ltd KQ:045660	$43.84 Million
Krynica Vitamin SA WAR:KVT	$43.83 Million
Pikko Land Development Tbk JK:RODA	$43.80 Million
Homeritz Corporation Bhd KLSE:5160	$43.78 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in JNK Heaters Co. Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 213,688,715,590 to 158,563,502,660, a change of -55,125,212,930 (-25.8%).
Net income of 2,920,964,140 contributed positively to equity growth.
Dividend payments of 1,158,406,150 reduced retained earnings.
Other factors decreased equity by 56,887,770,920.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩2.92 Billion	+1.84%
Dividends Paid	₩1.16 Billion	-0.73%
Other Changes	₩-56.89 Billion	-35.88%
Total Change	₩-	-25.80%

Book Value vs Market Value Analysis

This analysis compares JNK Heaters 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: 0.47x
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 0.65x to 0.47x 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	₩4921.57	₩3200.00	x
2017-12-31	₩3966.77	₩3200.00	x
2018-12-31	₩3087.56	₩3200.00	x
2019-12-31	₩4020.70	₩3200.00	x
2020-12-31	₩4425.39	₩3200.00	x
2021-12-31	₩4580.59	₩3200.00	x
2022-12-31	₩4884.30	₩3200.00	x
2023-12-31	₩4930.25	₩3200.00	x
2024-12-31	₩9223.39	₩3200.00	x
2025-12-31	₩6844.04	₩3200.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently JNK Heaters 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): 1.84%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.98%
• Asset Turnover: 0.59x
• Equity Multiplier: 1.58x
Recent ROE (1.84%) is below the historical average (3.34%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2010	33.61%	13.26%	1.38x	1.83x	₩9.32 Billion
2011	12.56%	8.73%	0.87x	1.66x	₩1.88 Billion
2012	10.34%	5.62%	0.91x	2.03x	₩253.93 Million
2013	0.13%	0.08%	0.79x	2.00x	₩-7.14 Billion
2014	-33.09%	-12.56%	0.88x	2.99x	₩-23.14 Billion
2015	4.74%	1.58%	1.06x	2.83x	₩-3.01 Billion
2016	-2.47%	-1.22%	0.81x	2.50x	₩-8.84 Billion
2017	-25.20%	-12.05%	0.84x	2.49x	₩-20.11 Billion
2018	-14.83%	-5.13%	0.73x	3.94x	₩-12.92 Billion
2019	8.08%	3.12%	1.28x	2.03x	₩-1.67 Billion
2020	2.10%	1.12%	1.01x	1.85x	₩-8.10 Billion
2021	3.06%	2.47%	0.64x	1.92x	₩-7.37 Billion
2022	6.40%	3.67%	0.82x	2.12x	₩-4.07 Billion
2023	3.31%	2.27%	0.57x	2.57x	₩-7.64 Billion
2024	42.81%	65.99%	0.37x	1.76x	₩70.12 Billion
2025	1.84%	1.98%	0.59x	1.58x	₩-12.94 Billion

Industry Comparison

This section compares JNK Heaters Co. Ltd's net assets metrics with peer companies in the Machinery, Tools, Heavy Vehicles, Trains & Ships industry.

Industry Context

Industry: Machinery, Tools, Heavy Vehicles, Trains & Ships
Average net assets among peers: $84,051,660,536
Average return on equity (ROE) among peers: -2.26%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
JNK Heaters Co. Ltd (126880)	₩154.20 Billion	33.61%	0.93x	$43.85 Million
Bosung Power Technology Co. Ltd (006910)	$78.40 Billion	-7.61%	0.59x	$262.37 Million
Youngsin Metal Industrial Co. Ltd (007530)	$39.35 Billion	1.41%	2.52x	$17.58 Million
SMCore.Inc (007820)	$40.53 Billion	-31.50%	0.47x	$46.16 Million
Heungkuk Metaltech Co.Ltd (010240)	$40.35 Billion	17.49%	1.24x	$44.93 Million
Nuintek Co.Ltd (012340)	$28.49 Billion	0.00%	1.53x	$37.42 Million
CAS Corporation (016920)	$45.64 Billion	4.42%	0.88x	$13.62 Million
Semyung Electric Machinery Co.Ltd (017510)	$57.68 Billion	5.54%	0.17x	$90.51 Million
Enertork Ltd (019990)	$41.24 Billion	3.23%	0.06x	$41.24 Million
Tae Kwang Corporation (023160)	$436.13 Billion	3.49%	0.16x	$535.54 Million
Woori Technology Inc (032820)	$32.71 Billion	-19.10%	1.91x	$957.83 Million

About JNK Heaters Co. Ltd

KQ:126880 Korea Machinery, Tools, Heavy Vehicles, Trains & Ships

Market Cap

$43.85 Million

₩64.71 Billion KRW

Market Cap Rank

#22441 Global

#1419 in Korea

Share Price

₩3200.00

Change (1 day)

-2.88%

52-Week Range

₩2915.00 - ₩4855.00

All Time High

₩9821.52