Higen RNM
HIGEN Motor Co., Ltd. manufactures and sells industrial motors in South Korea. It offers low voltage and high voltage motors, servo drives and motors, electric vehicle motors, and motion control systems. The company was founded in 2007 and is headquartered in Seoul, South Korea.
Higen RNM (160190) - Net Assets
Latest net assets as of March 2025: ₩65.17 Billion KRW
Based on the latest financial reports, Higen RNM (160190) has net assets worth ₩65.17 Billion KRW as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩115.86 Billion) and total liabilities (₩50.69 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 | ₩65.17 Billion |
| % of Total Assets | 56.25% |
| Annual Growth Rate | 25.9% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 21.41 |
Higen RNM - Net Assets Trend (2022–2024)
This chart illustrates how Higen RNM's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Higen RNM (2022–2024)
The table below shows the annual net assets of Higen RNM from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩67.58 Billion | +49.14% |
| 2023-12-31 | ₩45.31 Billion | +6.32% |
| 2022-12-31 | ₩42.62 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Higen RNM'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 2.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩40.36 Billion | 59.71% |
| Common Stock | ₩15.44 Billion | 22.85% |
| Other Components | ₩11.78 Billion | 17.44% |
| Total Equity | ₩67.58 Billion | 100.00% |
Higen RNM Competitors by Market Cap
The table below lists competitors of Higen RNM ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingdao Liqun Department Store Group Co Ltd
SHG:601366
|
$179.21 Million |
|
SG Mart Limited
NSE:SGMART
|
$179.22 Million |
|
PROTEAN EGOV TECHNOLOGIES LTD
NSE:PROTEAN
|
$179.24 Million |
|
Talgo S.A.
LSE:0R99
|
$179.27 Million |
|
Alok Industries Limited
NSE:ALOKINDS
|
$179.15 Million |
|
Ellomay Capital Ltd
NYSE MKT:ELLO
|
$179.12 Million |
|
Tong-Tai Machine Tool Co Ltd
TW:4526
|
$179.11 Million |
|
Guangzhou Haoyang Electronic Co Ltd
SHE:300833
|
$179.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Higen RNM's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 45,314,943,820 to 67,584,198,050, a change of 22,269,254,230 (49.1%).
- Net loss of 1,084,348,730 reduced equity.
- Share repurchases of 23,367,216,620 reduced equity.
- Other factors increased equity by 46,720,819,580.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-1.08 Billion | -1.6% |
| Share Repurchases | ₩23.37 Billion | -34.57% |
| Other Changes | ₩46.72 Billion | +69.13% |
| Total Change | ₩- | 49.14% |
Book Value vs Market Value Analysis
This analysis compares Higen RNM'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: 22.24x
- 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 35.27x to 22.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩1528.37 | ₩53900.00 | x |
| 2023-12-31 | ₩1624.89 | ₩53900.00 | x |
| 2024-12-31 | ₩2423.42 | ₩53900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Higen RNM 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): -1.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.43%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.78x
- Recent ROE (-1.60%) is below the historical average (4.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 9.38% | 4.57% | 0.79x | 2.60x | ₩-265.36 Million |
| 2023 | 5.80% | 3.41% | 0.72x | 2.37x | ₩-1.90 Billion |
| 2024 | -1.60% | -1.43% | 0.63x | 1.78x | ₩-7.84 Billion |
Industry Comparison
This section compares Higen RNM's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Higen RNM (160190) | ₩65.17 Billion | 9.38% | 0.78x | $179.16 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |