Korea Cast Pip Net Assets
Korea Cast Pip net assets. Based on the latest financial reports, Korea Cast Pip (000970) has net assets worth ₩360.06 Billion KRW (≈ $244.00 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩428.52 Billion ≈ $290.40 Million USD) and total liabilities (₩68.47 Billion ≈ $46.40 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. Also explore 000970 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩360.06 Billion |
| % of Total Assets | 84.02% |
| Annual Growth Rate | 3.34% |
| 5-Year Change | 25.18% |
| 10-Year Change | 51.21% |
| Growth Volatility | 5.07 |
Net Assets of Korea Cast Pip (2008–2025)
Net assets of Korea Cast Pip from 2008 to 2025. This chart illustrates how Korea Cast Pip's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Korea Cast Pip to measure how much of total assets are equity-financed.
Annual Net Assets for Korea Cast Pip (2008–2025)
The table below shows the annual net assets of Korea Cast Pip from 2008 to 2025. For live market cap and overall valuation, see Korea Cast Pip (000970) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₩355.99 Billion ≈ $241.25 Million |
-0.99% |
| 2024-03-31 | ₩359.55 Billion ≈ $243.66 Million |
+2.53% |
| 2023-03-31 | ₩350.66 Billion ≈ $237.64 Million |
+1.08% |
| 2022-03-31 | ₩346.90 Billion ≈ $235.09 Million |
+21.98% |
| 2021-03-31 | ₩284.38 Billion ≈ $192.72 Million |
+2.25% |
| 2020-03-31 | ₩278.13 Billion ≈ $188.48 Million |
+3.42% |
| 2019-03-31 | ₩268.92 Billion ≈ $182.24 Million |
+2.67% |
| 2018-03-31 | ₩261.92 Billion ≈ $177.50 Million |
+2.67% |
| 2017-03-31 | ₩255.10 Billion ≈ $172.88 Million |
+8.36% |
| 2016-03-31 | ₩235.42 Billion ≈ $159.54 Million |
+4.93% |
| 2015-03-31 | ₩224.35 Billion ≈ $152.04 Million |
+2.38% |
| 2014-03-31 | ₩219.14 Billion ≈ $148.51 Million |
+0.32% |
| 2013-03-31 | ₩218.45 Billion ≈ $148.04 Million |
+1.42% |
| 2012-03-31 | ₩215.39 Billion ≈ $145.97 Million |
-0.23% |
| 2011-03-31 | ₩215.89 Billion ≈ $146.30 Million |
+3.44% |
| 2010-03-31 | ₩208.70 Billion ≈ $141.43 Million |
+1.29% |
| 2009-03-31 | ₩206.03 Billion ≈ $139.63 Million |
+1.10% |
| 2008-03-31 | ₩203.79 Billion ≈ $138.10 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Korea Cast Pip'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 25013510165000.0% over the analyzed period, indicating profitable operations and earnings retention.
Korea Cast Pip Net Assets Breakdown (March 2025)
Korea Cast Pip net assets breakdown by equity component as of March 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩250.14 Billion | 70.93% |
| Other Components | ₩102.52 Billion | 29.07% |
| Total Equity | ₩352.66 Billion | 100.00% |
Korea Cast Pip Competitors by Market Cap
The table below lists competitors of Korea Cast Pip ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shinhung
KO:004080
|
$91.86 Million |
|
China Container Terminal Corp
TW:2613
|
$91.91 Million |
|
New Era Electronics Co Ltd
TWO:4909
|
$91.91 Million |
|
Bertrandt Aktiengesellschaft
XETRA:BDT
|
$91.92 Million |
|
Tesoro Gold Ltd
AU:TSO
|
$91.83 Million |
|
Eurofins-Cerep SA
PA:ALECR
|
$91.80 Million |
|
PT Surya Pertiwi Tbk
JK:SPTO
|
$91.76 Million |
|
Nobleoak Life Ltd
AU:NOL
|
$91.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea Cast Pip's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 350,717,306,770 to 352,655,813,250, a change of 1,938,506,480 (0.6%).
- Net income of 13,647,861,610 contributed positively to equity growth.
- Dividend payments of 8,602,778,620 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩13.65 Billion | +3.87% |
| Dividends Paid | ₩8.60 Billion | -2.44% |
| Other Changes | ₩-3.11 Billion | -0.88% |
| Total Change | ₩- | 0.55% |
Book Value vs Market Value Analysis
This analysis compares Korea Cast Pip'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: 0.38x
- 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 0.55x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | ₩11519.07 | ₩6300.00 | x |
| 2018-03-31 | ₩11865.22 | ₩6300.00 | x |
| 2019-03-31 | ₩12169.58 | ₩6300.00 | x |
| 2020-03-31 | ₩12527.85 | ₩6300.00 | x |
| 2021-03-31 | ₩12856.37 | ₩6300.00 | x |
| 2022-03-31 | ₩15752.83 | ₩6300.00 | x |
| 2023-03-31 | ₩15912.12 | ₩6300.00 | x |
| 2024-03-31 | ₩16304.11 | ₩6300.00 | x |
| 2025-03-31 | ₩16394.23 | ₩6300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea Cast Pip 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): 3.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.25%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.22x
- Recent ROE (3.87%) is below the historical average (4.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 3.51% | 5.00% | 0.53x | 1.33x | ₩-13.22 Billion |
| 2009 | 2.73% | 2.27% | 0.84x | 1.44x | ₩-14.98 Billion |
| 2010 | 2.82% | 2.60% | 0.77x | 1.40x | ₩-14.99 Billion |
| 2011 | 1.81% | 1.40% | 0.80x | 1.63x | ₩-17.26 Billion |
| 2012 | 2.13% | 1.42% | 0.95x | 1.58x | ₩-16.62 Billion |
| 2013 | 3.20% | 2.12% | 0.98x | 1.54x | ₩-14.70 Billion |
| 2014 | 2.55% | 1.70% | 1.02x | 1.47x | ₩-16.19 Billion |
| 2015 | 3.43% | 2.39% | 1.05x | 1.37x | ₩-14.46 Billion |
| 2016 | 5.42% | 3.72% | 1.03x | 1.41x | ₩-10.46 Billion |
| 2017 | 9.85% | 6.30% | 1.16x | 1.35x | ₩-373.79 Million |
| 2018 | 4.64% | 2.82% | 1.24x | 1.33x | ₩-13.67 Billion |
| 2019 | 2.51% | 1.57% | 1.19x | 1.34x | ₩-19.62 Billion |
| 2020 | 4.67% | 2.88% | 1.23x | 1.32x | ₩-14.37 Billion |
| 2021 | 3.99% | 3.36% | 0.92x | 1.29x | ₩-16.61 Billion |
| 2022 | 19.40% | 12.88% | 1.21x | 1.25x | ₩31.84 Billion |
| 2023 | 3.51% | 2.48% | 1.14x | 1.24x | ₩-22.20 Billion |
| 2024 | 4.84% | 3.72% | 1.05x | 1.24x | ₩-18.11 Billion |
| 2025 | 3.87% | 3.25% | 0.98x | 1.22x | ₩-21.62 Billion |
Industry Comparison
This section compares Korea Cast Pip's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $932,343,468,906
- Average return on equity (ROE) among peers: 4.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Cast Pip (000970) | ₩360.06 Billion | 3.51% | 0.19x | $91.84 Million |
| Manho Rope&Wir (001080) | $159.52 Billion | 0.00% | 0.16x | $8.28 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $1.78 Trillion | 12.66% | 0.36x | $193.70 Million |
| SeAH Bestee (001430) | $1.97 Trillion | 4.61% | 0.94x | $699.93 Million |
| Kisco Holdings (001940) | $1.13 Trillion | 0.45% | 0.22x | $221.28 Million |
| Hanil Iron & S (002220) | $161.36 Billion | -4.62% | 0.93x | $45.88 Million |
| Kis Wire (002240) | $1.48 Trillion | 0.67% | 0.59x | $271.19 Million |
| Dong Il Steel MFG Co Ltd (002690) | $131.30 Billion | 1.04% | 0.14x | $16.89 Million |
| Tcc Steel (002710) | $226.00 Billion | 0.06% | 1.42x | $174.80 Million |
| Seah Steel Corp (003030) | $1.35 Trillion | 23.40% | 0.81x | $271.35 Million |
About Korea Cast Pip
Korea Cast Iron Pipe Ind. Co., Ltd. manufactures and sells pipes in South Korea and internationally. The company offers ductile cast iron pipes for water and sewerage, and parts or material-related casting products. It also manufactures and distributes cosmetic products. The company was formerly known as The Korea Machine Casting Manufacturing Co., Ltd. and changed its name to Korea Cast Iron Pip… Read more