SG Choongbang Co Ltd
SG Global Co.,Ltd. engages in the development, production, and sale of automobile seat covers in South Korea, Vietnam, and internationally. It is involved in the sewing products of car seat covers. The company was formerly known as SG Choongbang Co.,Ltd and changed its name to SG Global Co.,Ltd. in March 2021. SG Global Co.,Ltd. was founded in 1954 and is headquartered in Yesan-Eup, South Korea.
SG Choongbang Co Ltd (001380) - Net Assets
Latest net assets as of September 2025: ₩150.93 Billion KRW
Based on the latest financial reports, SG Choongbang Co Ltd (001380) has net assets worth ₩150.93 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 (₩194.94 Billion) and total liabilities (₩44.00 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 | ₩150.93 Billion |
| % of Total Assets | 77.43% |
| Annual Growth Rate | 0.21% |
| 5-Year Change | 18.39% |
| 10-Year Change | 26.76% |
| Growth Volatility | 45.83 |
SG Choongbang Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how SG Choongbang 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 SG Choongbang Co Ltd (2000–2024)
The table below shows the annual net assets of SG Choongbang Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩149.71 Billion | +10.05% |
| 2023-12-31 | ₩136.03 Billion | +12.27% |
| 2022-12-31 | ₩121.16 Billion | -1.48% |
| 2021-12-31 | ₩122.98 Billion | -2.74% |
| 2020-12-31 | ₩126.45 Billion | -2.78% |
| 2019-12-31 | ₩130.06 Billion | +2.37% |
| 2018-12-31 | ₩127.06 Billion | +2.37% |
| 2017-12-31 | ₩124.12 Billion | +5.43% |
| 2016-12-31 | ₩117.73 Billion | -0.32% |
| 2015-12-31 | ₩118.10 Billion | -5.19% |
| 2014-12-31 | ₩124.57 Billion | +0.78% |
| 2013-12-31 | ₩123.61 Billion | +3.32% |
| 2012-12-31 | ₩119.64 Billion | -8.50% |
| 2011-12-31 | ₩130.76 Billion | +40.03% |
| 2010-12-31 | ₩93.38 Billion | +13.56% |
| 2009-12-31 | ₩82.23 Billion | -49.50% |
| 2008-12-31 | ₩162.84 Billion | +5.51% |
| 2007-12-31 | ₩154.34 Billion | +135.28% |
| 2006-12-31 | ₩65.60 Billion | +147.87% |
| 2005-12-31 | ₩26.46 Billion | -31.50% |
| 2004-12-31 | ₩38.63 Billion | -58.47% |
| 2003-12-31 | ₩93.04 Billion | +28.80% |
| 2002-12-31 | ₩72.23 Billion | -40.12% |
| 2001-12-31 | ₩120.64 Billion | -15.21% |
| 2000-12-31 | ₩142.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SG Choongbang 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 4217503059000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩42.18 Billion | 28.17% |
| Other Components | ₩107.53 Billion | 71.83% |
| Total Equity | ₩149.71 Billion | 100.00% |
SG Choongbang Co Ltd Competitors by Market Cap
The table below lists competitors of SG Choongbang Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
N R Agarwal Industries Limited
NSE:NRAIL
|
$17.60 Million |
|
Fulin Plastic Industry Cayman Holding Co Ltd
TW:1341
|
$17.61 Million |
|
African Rainbow Minerals Ltd
JSE:ARI
|
$17.61 Million |
|
Chilwa Minerals Ltd
AU:CHW
|
$17.61 Million |
|
Bluglass Ltd
AU:BLG
|
$17.59 Million |
|
Yoo Sung Ent
KO:002920
|
$17.59 Million |
|
4Mass SA
WAR:4MS
|
$17.58 Million |
|
Mauna Kea Technologies SA
PINK:MKEAF
|
$17.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SG Choongbang Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 136,028,597,050 to 149,705,433,920, a change of 13,676,836,870 (10.1%).
- Net income of 6,316,098,060 contributed positively to equity growth.
- Other factors increased equity by 7,360,738,810.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩6.32 Billion | +4.22% |
| Other Changes | ₩7.36 Billion | +4.92% |
| Total Change | ₩- | 10.05% |
Book Value vs Market Value Analysis
This analysis compares SG Choongbang 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: 0.42x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩2827.12 | ₩1382.00 | x |
| 2018-12-31 | ₩2894.02 | ₩1382.00 | x |
| 2019-12-31 | ₩2892.63 | ₩1382.00 | x |
| 2020-12-31 | ₩2812.16 | ₩1382.00 | x |
| 2021-12-31 | ₩2735.06 | ₩1382.00 | x |
| 2022-12-31 | ₩2694.60 | ₩1382.00 | x |
| 2023-12-31 | ₩3025.27 | ₩1382.00 | x |
| 2024-12-31 | ₩3329.44 | ₩1382.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SG Choongbang 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): 4.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.35%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.34x
- Recent ROE (4.22%) is below the historical average (5.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 60.73% | 50.79% | 0.50x | 2.40x | ₩33.28 Billion |
| 2010 | 10.53% | 17.25% | 0.44x | 1.38x | ₩490.36 Million |
| 2011 | 0.23% | 0.33% | 0.48x | 1.44x | ₩-12.77 Billion |
| 2013 | 1.86% | 1.69% | 0.70x | 1.59x | ₩-10.06 Billion |
| 2014 | -1.20% | -1.23% | 0.60x | 1.62x | ₩-13.95 Billion |
| 2015 | -5.79% | -6.08% | 0.55x | 1.72x | ₩-18.65 Billion |
| 2016 | -1.12% | -0.94% | 0.67x | 1.78x | ₩-13.10 Billion |
| 2017 | 0.28% | 0.24% | 0.73x | 1.59x | ₩-12.06 Billion |
| 2018 | 2.56% | 2.42% | 0.67x | 1.57x | ₩-9.46 Billion |
| 2019 | 0.58% | 0.60% | 0.62x | 1.57x | ₩-12.25 Billion |
| 2020 | -1.81% | -2.69% | 0.43x | 1.57x | ₩-14.94 Billion |
| 2021 | -4.51% | -9.61% | 0.31x | 1.52x | ₩-17.85 Billion |
| 2022 | -2.02% | -3.61% | 0.36x | 1.53x | ₩-14.56 Billion |
| 2023 | 14.83% | 20.89% | 0.51x | 1.38x | ₩6.57 Billion |
| 2024 | 4.22% | 6.35% | 0.50x | 1.34x | ₩-8.65 Billion |
Industry Comparison
This section compares SG Choongbang Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $378,162,388,054
- Average return on equity (ROE) among peers: 7.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SG Choongbang Co Ltd (001380) | ₩150.93 Billion | 60.73% | 0.29x | $17.60 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |