UST Co. Ltd
UST Co., Ltd. manufactures and sells stainless steel pipes and tubes in South Korea. It offers pipes, clean tubes, and precision tubes are used in various industries. The company was formerly known as U-Steel Co., Ltd. and changed its name to UST Co., Ltd. in 2017. UST Co., Ltd. was founded in 1990 and is headquartered in Pohang, South Korea. UST Co., Ltd. operates as a subsidiary of Hwang Kum St… Read more
UST Co. Ltd (263770) - Net Assets
Latest net assets as of September 2025: ₩82.90 Billion KRW
Based on the latest financial reports, UST Co. Ltd (263770) has net assets worth ₩82.90 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 (₩87.77 Billion) and total liabilities (₩4.87 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 | ₩82.90 Billion |
| % of Total Assets | 94.45% |
| Annual Growth Rate | 48.77% |
| 5-Year Change | 59.87% |
| 10-Year Change | N/A |
| Growth Volatility | 263.41 |
UST Co. Ltd - Net Assets Trend (2017–2024)
This chart illustrates how UST 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 UST Co. Ltd (2017–2024)
The table below shows the annual net assets of UST Co. Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩81.88 Billion | +4.02% |
| 2023-12-31 | ₩78.71 Billion | +13.50% |
| 2022-12-31 | ₩69.35 Billion | +22.05% |
| 2021-12-31 | ₩56.82 Billion | +10.94% |
| 2020-12-31 | ₩51.21 Billion | +10.41% |
| 2019-12-31 | ₩46.39 Billion | +5.80% |
| 2018-12-31 | ₩43.84 Billion | +763.73% |
| 2017-12-31 | ₩5.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to UST 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 5729408070000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩57.28 Billion | 69.95% |
| Other Components | ₩24.60 Billion | 30.05% |
| Total Equity | ₩81.88 Billion | 100.00% |
UST Co. Ltd Competitors by Market Cap
The table below lists competitors of UST Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kekrops S.A.
AT:KEKR
|
$9.25 Million |
|
Iondrive Ltd
AU:ION
|
$9.25 Million |
|
Altigen Communications Inc
OTCQB:ATGN
|
$9.26 Million |
|
Schwälbchen Molkerei Jakob Berz AG
F:SMB
|
$9.26 Million |
|
TSG Star Travel Corp.
TWO:2719
|
$9.25 Million |
|
2H0
F:2H0
|
$9.25 Million |
|
BlueRiver Acquisition Corp
PINK:BLUVF
|
$9.25 Million |
|
Feerum S.A.
WAR:FEE
|
$9.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in UST Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 78,710,669,670 to 81,877,813,920, a change of 3,167,144,250 (4.0%).
- Net income of 5,518,410,150 contributed positively to equity growth.
- Dividend payments of 2,351,265,900 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.52 Billion | +6.74% |
| Dividends Paid | ₩2.35 Billion | -2.87% |
| Total Change | ₩- | 4.02% |
Book Value vs Market Value Analysis
This analysis compares UST 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: 0.57x
- 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 1.01x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩1948.61 | ₩1970.00 | x |
| 2018-12-31 | ₩1864.70 | ₩1970.00 | x |
| 2019-12-31 | ₩1972.84 | ₩1970.00 | x |
| 2020-12-31 | ₩2178.16 | ₩1970.00 | x |
| 2021-12-31 | ₩2416.53 | ₩1970.00 | x |
| 2022-12-31 | ₩2949.41 | ₩1970.00 | x |
| 2023-12-31 | ₩3347.59 | ₩1970.00 | x |
| 2024-12-31 | ₩3482.29 | ₩1970.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently UST 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): 6.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.38%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.11x
- Recent ROE (6.74%) is below the historical average (8.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -0.34% | 0.00% | 0.00x | 1.16x | ₩-524.87 Million |
| 2018 | 2.60% | 2.29% | 0.72x | 1.58x | ₩-3.25 Billion |
| 2019 | 5.48% | 4.86% | 0.86x | 1.31x | ₩-2.10 Billion |
| 2020 | 9.43% | 9.52% | 0.74x | 1.34x | ₩-293.67 Million |
| 2021 | 9.86% | 8.48% | 0.91x | 1.28x | ₩-77.34 Million |
| 2022 | 18.07% | 12.54% | 1.14x | 1.27x | ₩5.59 Billion |
| 2023 | 14.88% | 11.81% | 0.99x | 1.28x | ₩3.84 Billion |
| 2024 | 6.74% | 7.38% | 0.82x | 1.11x | ₩-2.67 Billion |
Industry Comparison
This section compares UST Co. Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $961,724,627,619
- Average return on equity (ROE) among peers: 4.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| UST Co. Ltd (263770) | ₩82.90 Billion | -0.34% | 0.06x | $9.25 Million |
| Korea Cast Pip (000970) | $208.70 Billion | 2.82% | 0.40x | $54.93 Million |
| Manho Rope&Wir (001080) | $249.99 Billion | 1.17% | 0.10x | $6.38 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $2.03 Trillion | -14.66% | 1.82x | $74.34 Million |
| SeAH Bestee (001430) | $2.04 Trillion | 6.29% | 0.80x | $634.28 Million |
| Hanil Iron & S (002220) | $132.60 Billion | 0.00% | 0.47x | $27.57 Million |
| Kis Wire (002240) | $452.09 Billion | 8.63% | 0.53x | $130.32 Million |
| Dong Il Steel MFG Co Ltd (002690) | $129.80 Billion | 0.23% | 0.14x | $7.05 Million |
| Tcc Steel (002710) | $141.62 Billion | 5.11% | 1.26x | $167.65 Million |
| Seah Steel Corp (003030) | $601.59 Billion | 19.65% | 1.47x | $168.76 Million |
| Hyundai Steel (004020) | $3.63 Trillion | 12.98% | 1.05x | $2.03 Billion |