Winners (479960) - Net Assets
Based on the latest financial reports, Winners (479960) has net assets worth ₩36.61 Billion KRW (≈ $24.81 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩48.55 Billion ≈ $32.90 Million USD) and total liabilities (₩11.94 Billion ≈ $8.09 Million USD). 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. Check Winners strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩36.61 Billion |
| % of Total Assets | 75.4% |
| Annual Growth Rate | 1.37% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.82 |
Winners - Net Assets Trend (2022–2024)
This chart illustrates how Winners's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Winners stock valuation.
Annual Net Assets for Winners (2022–2024)
The table below shows the annual net assets of Winners from 2022 to 2024. Also explore Winners annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩24.98 Billion ≈ $16.93 Million |
-1.41% |
| 2023-12-31 | ₩25.34 Billion ≈ $17.17 Million |
+4.23% |
| 2022-12-31 | ₩24.31 Billion ≈ $16.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Winners'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 2.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩23.78 Billion | 95.19% |
| Common Stock | ₩1.02 Billion | 4.08% |
| Other Components | ₩181.02 Million | 0.72% |
| Total Equity | ₩24.98 Billion | 100.00% |
Winners Competitors by Market Cap
The table below lists competitors of Winners ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Macau Property Opportunities Fund Ltd
LSE:MPO
|
$38.56K |
|
Cykel AI PLC
LSE:CYK
|
$38.67K |
|
DongBang Medical
KQ:240550
|
$39.11K |
|
ADVFN Plc
LSE:AFN
|
$39.42K |
|
AETHER CATALYST SOLUT.
F:2QZ
|
$37.72K |
|
HYDROTEC GES.F.WASSERT
HM:HYW
|
$36.97K |
|
Electricity Generating Public Company Limited
F:ECGF
|
$35.36K |
|
Kiatnakin Phatra Bank Public Company Limited
F:KIFF
|
$35.18K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winners's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,341,430,050 to 24,983,892,510, a change of -357,537,540 (-1.4%).
- Net income of 2,471,336,630 contributed positively to equity growth.
- Other factors decreased equity by 2,828,874,170.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.47 Billion | +9.89% |
| Other Changes | ₩-2.83 Billion | -11.32% |
| Total Change | ₩- | -1.41% |
Book Value vs Market Value Analysis
This analysis compares Winners'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: 1.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.71x to 1.24x 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 | ₩3548.78 | ₩6080.00 | x |
| 2023-12-31 | ₩3698.94 | ₩6080.00 | x |
| 2024-12-31 | ₩4898.80 | ₩6080.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winners 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): 9.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.38%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.34x
- Recent ROE (9.89%) is below the historical average (9.98%), 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 | 8.13% | 7.35% | 0.83x | 1.33x | ₩-454.96 Million |
| 2023 | 11.91% | 10.92% | 0.79x | 1.37x | ₩484.70 Million |
| 2024 | 9.89% | 9.38% | 0.78x | 1.34x | ₩-27.05 Million |
Industry Comparison
This section compares Winners's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $4,645,898,042,054
- Average return on equity (ROE) among peers: 8.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winners (479960) | ₩36.61 Billion | 8.13% | 0.33x | $38.31K |
| Kumho Electric (001210) | $204.26 Billion | 5.23% | 0.52x | $89.73 Million |
| Taihan Electric Wire Co Ltd (001440) | $850.52 Billion | 5.35% | 1.82x | $3.96 Billion |
| Posco Chemical Co Ltd (003670) | $514.81 Billion | 14.11% | 0.40x | $11.09 Billion |
| Sebang Global Battery Co Ltd (004490) | $1.51 Trillion | 11.24% | 0.39x | $539.23 Million |
| LS Corp (006260) | $1.49 Trillion | 7.95% | 1.52x | $6.12 Billion |
| Daewon Cable (006340) | $100.32 Billion | 9.58% | 1.34x | $725.51 Million |
| Daewon Cable Co. Ltd. Preference Shares (006345) | $82.31 Billion | 2.44% | 1.71x | $471.25 Million |
| Samsung SDI (006400) | $19.91 Trillion | 10.09% | 0.71x | $28.32 Billion |
| Samsung Sdi Co Pref (006405) | $19.91 Trillion | 10.09% | 0.71x | $212.18 Million |
| LS Electric (010120) | $1.89 Trillion | 12.63% | 1.37x | $4.26 Billion |
About Winners
Winners Co.,Ltd. manufactures and sells wiring devices. It offers power strips, switches, outlets, home distribution boxes, breakers, sockets, plugs, adaptors, industrial products, and low voltage panelboards. The company was founded in 2004 and is based in Namyangju-si, South Korea. Winners Co.,Ltd. is a subsidiary of Winners Holding Corp.