LS Materials
LS materials.,Ltd. provides energy storage devices in South Korea and internationally. The company offers cells and modules. It serves power grid, renewable energy, cranking, transportation, automotive, medical equipment, and emergency power industries. The company was founded in 2002 and is headquartered in Anyang-si, South Korea. LS materials.,Ltd. is a subsidiary of LS Cable & System Ltd.
LS Materials (417200) - Net Assets
Latest net assets as of March 2025: ₩183.79 Billion KRW
Based on the latest financial reports, LS Materials (417200) has net assets worth ₩183.79 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 (₩269.27 Billion) and total liabilities (₩85.47 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 | ₩183.79 Billion |
| % of Total Assets | 68.26% |
| Annual Growth Rate | 36.42% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.91 |
LS Materials - Net Assets Trend (2022–2024)
This chart illustrates how LS Materials's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for LS Materials (2022–2024)
The table below shows the annual net assets of LS Materials from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩184.58 Billion | +2.26% |
| 2023-12-31 | ₩180.49 Billion | +82.07% |
| 2022-12-31 | ₩99.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to LS Materials'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 153.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩23.88 Billion | 12.94% |
| Common Stock | ₩33.83 Billion | 18.33% |
| Other Components | ₩126.87 Billion | 68.74% |
| Total Equity | ₩184.58 Billion | 100.00% |
LS Materials Competitors by Market Cap
The table below lists competitors of LS Materials ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
$522.36 Million |
|
Marston's PLC
PINK:MRTPY
|
$522.69 Million |
|
Bloomberry Resorts Corporation
PINK:BLBRF
|
$522.71 Million |
|
Smith & Wesson Brands Inc
NASDAQ:SWBI
|
$522.80 Million |
|
Nexa Resources SA
NYSE:NEXA
|
$522.11 Million |
|
Systex Corp
TW:6214
|
$521.95 Million |
|
CH. Karnchang Public Company Limited
BK:CK-R
|
$521.92 Million |
|
Henan Hengxing Science & Technology Co Ltd
SHE:002132
|
$521.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LS Materials's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 180,494,180,390 to 184,576,402,610, a change of 4,082,222,220 (2.3%).
- Net income of 5,673,104,310 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.67 Billion | +3.07% |
| Other Changes | ₩-1.59 Billion | -0.86% |
| Total Change | ₩- | 2.26% |
Book Value vs Market Value Analysis
This analysis compares LS Materials'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: 8.06x
- 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 15.01x to 8.06x 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 | ₩1465.31 | ₩22000.00 | x |
| 2023-12-31 | ₩2667.95 | ₩22000.00 | x |
| 2024-12-31 | ₩2728.29 | ₩22000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LS Materials 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): 3.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.99%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.37x
- Recent ROE (3.07%) is below the historical average (6.10%), 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 | 8.48% | 5.19% | 1.10x | 1.49x | ₩-1.50 Billion |
| 2023 | 6.74% | 8.88% | 0.51x | 1.47x | ₩-5.89 Billion |
| 2024 | 3.07% | 3.99% | 0.56x | 1.37x | ₩-12.78 Billion |
Industry Comparison
This section compares LS Materials's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,169,826,858,518
- Average return on equity (ROE) among peers: 4.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LS Materials (417200) | ₩183.79 Billion | 8.48% | 0.47x | $522.32 Million |
| Kumho Electric (001210) | $302.39 Billion | 8.90% | 0.83x | $23.46 Million |
| Taihan Electric Wire Co Ltd (001440) | $321.92 Billion | -0.92% | 2.64x | $2.17 Billion |
| Posco Chemical Co Ltd (003670) | $3.32 Trillion | -6.39% | 1.39x | $4.87 Billion |
| Sebang Global Battery Co Ltd (004490) | $1.34 Trillion | 8.71% | 0.37x | $222.68 Million |
| LS Corp (006260) | $3.01 Trillion | 4.09% | 2.33x | $3.06 Billion |
| Daewon Cable (006340) | $42.00 Billion | 0.90% | 1.45x | $196.28 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $113.85 Billion | 5.97% | 0.99x | $70.84 Million |
| Samsung SDI (006400) | $7.54 Trillion | 1.70% | 0.40x | $16.12 Billion |
| Samsung Sdi Co Pref (006405) | $15.20 Trillion | 7.70% | 0.70x | $7.85 Billion |
| LS Electric (010120) | $509.15 Billion | 18.56% | 1.33x | $7.89 Billion |