Daechang Steel Co Ltd
DaeChang Steel Co., Ltd. engages in the manufacture, processing, and sale of steel products in South Korea. The company offers cold rolled steel products, pickled oiled coils, continuous galvanized coils, electro galvanized coils, and hot galvanized coils, as well as electro coils, color coils, stainless coils, and other steel products. It also develops, manufactures, and installs raised floor pr… Read more
Daechang Steel Co Ltd (140520) - Net Assets
Latest net assets as of September 2025: ₩147.31 Billion KRW
Based on the latest financial reports, Daechang Steel Co Ltd (140520) has net assets worth ₩147.31 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 (₩256.08 Billion) and total liabilities (₩108.77 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 | ₩147.31 Billion |
| % of Total Assets | 57.53% |
| Annual Growth Rate | 3.6% |
| 5-Year Change | 75.76% |
| 10-Year Change | 17.98% |
| Growth Volatility | 19.8 |
Daechang Steel Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Daechang Steel 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 Daechang Steel Co Ltd (2014–2024)
The table below shows the annual net assets of Daechang Steel Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩149.47 Billion | -1.53% |
| 2023-12-31 | ₩151.79 Billion | -1.07% |
| 2022-12-31 | ₩153.43 Billion | +52.05% |
| 2021-12-31 | ₩100.91 Billion | +18.65% |
| 2020-12-31 | ₩85.04 Billion | -9.23% |
| 2019-12-31 | ₩93.69 Billion | -2.58% |
| 2018-12-31 | ₩96.17 Billion | -13.50% |
| 2017-12-31 | ₩111.18 Billion | +8.46% |
| 2016-12-31 | ₩102.50 Billion | -19.09% |
| 2015-12-31 | ₩126.69 Billion | +20.75% |
| 2014-12-31 | ₩104.91 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Daechang Steel 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 36.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩125.97 Billion | 84.28% |
| Other Components | ₩23.50 Billion | 15.72% |
| Total Equity | ₩149.47 Billion | 100.00% |
Daechang Steel Co Ltd Competitors by Market Cap
The table below lists competitors of Daechang Steel Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pintaras Jaya Bhd
KLSE:9598
|
$10.24 Million |
|
IKONISYS EO 2
F:9W8
|
$10.25 Million |
|
Wesizwe Platinum Limited
PINK:WSZWF
|
$10.25 Million |
|
Delignit AG
XETRA:DLX
|
$10.25 Million |
|
ReFuels N.V.
OL:REFL
|
$10.24 Million |
|
RIV Capital Inc
PINK:CNPOF
|
$10.23 Million |
|
Kairous Acquisition Corp Ltd
NASDAQ:KACL
|
$10.23 Million |
|
Sajo Seafood
KO:014710
|
$10.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daechang Steel Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 151,785,446,940 to 149,468,828,230, a change of -2,316,618,710 (-1.5%).
- Net income of 763,448,320 contributed positively to equity growth.
- Dividend payments of 3,166,175,400 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩763.45 Million | +0.51% |
| Dividends Paid | ₩3.17 Billion | -2.12% |
| Other Changes | ₩86.11 Million | +0.06% |
| Total Change | ₩- | -1.53% |
Book Value vs Market Value Analysis
This analysis compares Daechang Steel 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: 0.29x
- 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 | ₩5918.75 | ₩2055.00 | x |
| 2017-12-31 | ₩5559.44 | ₩2055.00 | x |
| 2018-12-31 | ₩4808.93 | ₩2055.00 | x |
| 2019-12-31 | ₩4684.95 | ₩2055.00 | x |
| 2020-12-31 | ₩4252.49 | ₩2055.00 | x |
| 2021-12-31 | ₩4780.49 | ₩2055.00 | x |
| 2022-12-31 | ₩7268.65 | ₩2055.00 | x |
| 2023-12-31 | ₩7190.95 | ₩2055.00 | x |
| 2024-12-31 | ₩7081.20 | ₩2055.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daechang Steel 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): 0.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.19%
- • Asset Turnover: 1.53x
- • Equity Multiplier: 1.75x
- Recent ROE (0.51%) is below the historical average (3.29%), 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 | 1.39% | 0.55% | 1.19x | 2.14x | ₩-9.04 Billion |
| 2015 | 4.34% | 1.80% | 0.88x | 2.74x | ₩-6.09 Billion |
| 2016 | -3.34% | -1.13% | 1.03x | 2.88x | ₩-13.67 Billion |
| 2017 | 1.58% | 0.72% | 0.80x | 2.76x | ₩-9.36 Billion |
| 2018 | -12.01% | -5.30% | 0.85x | 2.67x | ₩-21.17 Billion |
| 2019 | -0.75% | -0.36% | 0.85x | 2.48x | ₩-10.07 Billion |
| 2020 | -7.46% | -3.70% | 0.76x | 2.65x | ₩-14.85 Billion |
| 2021 | 13.95% | 4.75% | 1.12x | 2.63x | ₩3.99 Billion |
| 2022 | 36.33% | 13.99% | 1.66x | 1.56x | ₩40.39 Billion |
| 2023 | 1.70% | 0.61% | 1.62x | 1.70x | ₩-12.60 Billion |
| 2024 | 0.51% | 0.19% | 1.53x | 1.75x | ₩-14.18 Billion |
Industry Comparison
This section compares Daechang Steel Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $869,773,099,757
- Average return on equity (ROE) among peers: 5.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daechang Steel Co Ltd (140520) | ₩147.31 Billion | 1.39% | 0.74x | $10.24 Million |
| Korea Cast Pip (000970) | $359.55 Billion | 4.72% | 0.21x | $55.42 Million |
| Manho Rope&Wir (001080) | $249.99 Billion | 1.17% | 0.10x | $6.38 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $2.14 Trillion | 3.05% | 1.54x | $76.08 Million |
| SeAH Bestee (001430) | $2.10 Trillion | 6.02% | 0.71x | $605.45 Million |
| Hanil Iron & S (002220) | $161.36 Billion | -4.62% | 0.93x | $26.53 Million |
| Kis Wire (002240) | $1.49 Trillion | 20.06% | 0.70x | $130.63 Million |
| Dong Il Steel MFG Co Ltd (002690) | $128.43 Billion | 5.12% | 0.13x | $7.40 Million |
| Tcc Steel (002710) | $135.12 Billion | 11.04% | 1.24x | $159.32 Million |
| Hyundai Steel (004020) | $1.55 Trillion | 2.21% | 1.84x | $2.05 Billion |
| Hyundai Bngste (004560) | $382.03 Billion | 5.09% | 0.59x | $94.40 Million |