Kencoa Aerospace Corporation
Kencoa Aerospace Corporation provides aerospace products for OEM and top-tier customers in South Korea and the United States. It offers aero structures, systems, and components for business and regional jets; commercial aerospace products; and aircraft products and aftermarket solutions for AAM, military, and defense applications. The company was founded in 2013 and is headquartered in Sacheon-si… Read more
Kencoa Aerospace Corporation (274090) - Net Assets
Latest net assets as of September 2025: ₩171.60 Billion KRW
Based on the latest financial reports, Kencoa Aerospace Corporation (274090) has net assets worth ₩171.60 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 (₩249.04 Billion) and total liabilities (₩77.45 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 | ₩171.60 Billion |
| % of Total Assets | 68.9% |
| Annual Growth Rate | N/A |
| 5-Year Change | 392.27% |
| 10-Year Change | N/A |
| Growth Volatility | 83.21 |
Kencoa Aerospace Corporation - Net Assets Trend (2017–2024)
This chart illustrates how Kencoa Aerospace Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kencoa Aerospace Corporation (2017–2024)
The table below shows the annual net assets of Kencoa Aerospace Corporation from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩183.32 Billion | +213.84% |
| 2023-12-31 | ₩58.41 Billion | +53.12% |
| 2022-12-31 | ₩38.15 Billion | +49.22% |
| 2021-12-31 | ₩25.56 Billion | -31.35% |
| 2020-12-31 | ₩37.24 Billion | +10.56% |
| 2019-12-31 | ₩33.68 Billion | +356.14% |
| 2018-12-31 | ₩-13.15 Billion | -387.01% |
| 2017-12-31 | ₩-2.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kencoa Aerospace Corporation'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 decreased by 5601579370000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩6.46 Billion | 3.52% |
| Other Components | ₩237.19 Billion | 129.46% |
| Total Equity | ₩183.22 Billion | 100.00% |
Kencoa Aerospace Corporation Competitors by Market Cap
The table below lists competitors of Kencoa Aerospace Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Linc AB
ST:LINC
|
$142.39 Million |
|
Hong Kong Television Network Ltd
PINK:HKTVY
|
$142.40 Million |
|
Autolus Therapeutics plc
F:6A3A
|
$142.41 Million |
|
Suncha Technology Co Ltd
SHE:001211
|
$142.44 Million |
|
Vuno Inc.
KQ:338220
|
$142.32 Million |
|
Nexpoint Real Estate Finance Inc
NYSE:NREF
|
$142.27 Million |
|
Inner Mongolia Xinhua Distribution Group Co.Ltd.
SHG:603230
|
$142.26 Million |
|
ELLINGTON RESID.MTG SBI
F:73Z
|
$142.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kencoa Aerospace Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 58,410,709,980 to 183,218,686,760, a change of 124,807,976,780 (213.7%).
- Net loss of 7,709,065,660 reduced equity.
- Share repurchases of 128,031,629,280 reduced equity.
- New share issuances of 100,000,000 increased equity.
- Other factors increased equity by 260,448,671,720.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-7.71 Billion | -4.21% |
| Share Repurchases | ₩128.03 Billion | -69.88% |
| Share Issuances | ₩100.00 Million | +0.05% |
| Other Changes | ₩260.45 Billion | +142.15% |
| Total Change | ₩- | 213.67% |
Book Value vs Market Value Analysis
This analysis compares Kencoa Aerospace Corporation'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: 1.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩-300.16 | ₩21650.00 | x |
| 2018-12-31 | ₩-1461.79 | ₩21650.00 | x |
| 2019-12-31 | ₩4407.37 | ₩21650.00 | x |
| 2020-12-31 | ₩4068.70 | ₩21650.00 | x |
| 2021-12-31 | ₩2169.40 | ₩21650.00 | x |
| 2022-12-31 | ₩3114.71 | ₩21650.00 | x |
| 2023-12-31 | ₩4568.90 | ₩21650.00 | x |
| 2024-12-31 | ₩14188.45 | ₩21650.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kencoa Aerospace Corporation 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): -4.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.95%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.38x
- Recent ROE (-4.21%) is above the historical average (-15.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -25.69% | 0.36x | 0.00x | ₩-3.59 Billion |
| 2018 | 0.00% | -32.74% | 0.50x | 0.00x | ₩-8.16 Billion |
| 2019 | -22.46% | -16.34% | 0.62x | 2.21x | ₩-10.93 Billion |
| 2020 | -25.08% | -29.51% | 0.35x | 2.41x | ₩-13.06 Billion |
| 2021 | -76.85% | -35.93% | 0.51x | 4.17x | ₩-22.20 Billion |
| 2022 | 8.50% | 4.28% | 0.58x | 3.40x | ₩-570.48 Million |
| 2023 | -3.17% | -2.03% | 0.61x | 2.57x | ₩-7.69 Billion |
| 2024 | -4.21% | -8.95% | 0.34x | 1.38x | ₩-26.03 Billion |
Industry Comparison
This section compares Kencoa Aerospace Corporation's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $68,671,225,048
- Average return on equity (ROE) among peers: 11.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kencoa Aerospace Corporation (274090) | ₩171.60 Billion | 0.00% | 0.45x | $142.38 Million |
| Oriental Precision & Engineering Co.Ltd (014940) | $60.15 Billion | 48.76% | 1.94x | $121.96 Million |
| MEDICOX Co. Ltd (054180) | $20.74 Billion | 17.41% | 1.30x | $442.04K |
| Victek Co. Ltd (065450) | $34.12 Billion | -3.18% | 0.81x | $72.51 Million |
| SAMYUNG ENC Co. Ltd (065570) | $75.22 Billion | 0.83% | 0.26x | $3.25 Million |
| AeroSpace Technology of Korea (067390) | $98.97 Billion | 1.46% | 2.14x | $86.44 Million |
| Satrec Initiative Co. Ltd (099320) | $51.20 Billion | 7.97% | 0.37x | $421.09 Million |
| Inhwa Precision Co. Ltd (101930) | $144.70 Billion | 7.20% | 0.91x | $157.87 Million |
| Hizeaero Co. Ltd (221840) | $76.47 Billion | 4.80% | 0.80x | $19.99 Million |
| ASTech Co., Ltd. (453860) | $56.47 Billion | 16.80% | 0.58x | $17.77 Million |