Cheil Grinding
Cheil Grinding Wheel Ind. Co., Ltd. manufactures and sells grinding wheel products in South Korea. The company's products portfolio comprises angular grinding wheels, balance equipment, ball bearings, cam shaft grinding wheels, CBN cam shaft crinding wheels, CBN centerless grinding wheels, carbon fiber reinforced plastics (CFRP), depressed center wheels, discs, dressers, dust safety suits, epoxy … Read more
Cheil Grinding (001560) - Net Assets
Latest net assets as of September 2025: ₩107.27 Billion KRW
Based on the latest financial reports, Cheil Grinding (001560) has net assets worth ₩107.27 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 (₩120.17 Billion) and total liabilities (₩12.90 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 | ₩107.27 Billion |
| % of Total Assets | 89.26% |
| Annual Growth Rate | 3.67% |
| 5-Year Change | 15.46% |
| 10-Year Change | 48.54% |
| Growth Volatility | 6.65 |
Cheil Grinding - Net Assets Trend (2009–2024)
This chart illustrates how Cheil Grinding's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cheil Grinding (2009–2024)
The table below shows the annual net assets of Cheil Grinding from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩99.24 Billion | +3.56% |
| 2023-12-31 | ₩95.82 Billion | +3.96% |
| 2022-12-31 | ₩92.17 Billion | -0.78% |
| 2021-12-31 | ₩92.89 Billion | +8.08% |
| 2020-12-31 | ₩85.95 Billion | +2.30% |
| 2019-12-31 | ₩84.01 Billion | +9.33% |
| 2018-12-31 | ₩76.84 Billion | +5.50% |
| 2017-12-31 | ₩72.83 Billion | +3.45% |
| 2016-12-31 | ₩70.40 Billion | +5.38% |
| 2015-12-31 | ₩66.81 Billion | +1.94% |
| 2014-12-31 | ₩65.54 Billion | +5.37% |
| 2013-12-31 | ₩62.20 Billion | -17.94% |
| 2012-12-31 | ₩75.80 Billion | +8.34% |
| 2011-12-31 | ₩69.96 Billion | +7.92% |
| 2010-12-31 | ₩64.83 Billion | +12.16% |
| 2009-12-31 | ₩57.80 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cheil Grinding'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 10378496380000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩103.78 Billion | 104.72% |
| Total Equity | ₩99.11 Billion | 100.00% |
Cheil Grinding Competitors by Market Cap
The table below lists competitors of Cheil Grinding ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ES Cube Co. Ltd
KQ:050120
|
$11.95 Million |
|
Gumtree Australia Markets Ltd
AU:GUM
|
$11.95 Million |
|
CGEH
PINK:CGEH
|
$11.95 Million |
|
Chumpower Machinery Corp
TWO:4575
|
$11.96 Million |
|
Fleetwood Bank Pa Capital
PINK:FLEW
|
$11.95 Million |
|
ENERSENSE INTERL. OYJ
F:42U
|
$11.95 Million |
|
SOS Limited
NYSE:SOS
|
$11.94 Million |
|
LABIANA HEALTH S.A.EO-10
F:8RK
|
$11.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cheil Grinding's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 95,715,385,490 to 99,107,327,330, a change of 3,391,941,840 (3.5%).
- Net income of 5,993,875,380 contributed positively to equity growth.
- Dividend payments of 2,063,354,700 reduced retained earnings.
- Share repurchases of 1,437,266,300 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.99 Billion | +6.05% |
| Dividends Paid | ₩2.06 Billion | -2.08% |
| Share Repurchases | ₩1.44 Billion | -1.45% |
| Other Changes | ₩898.69 Million | +0.91% |
| Total Change | ₩- | 3.54% |
Book Value vs Market Value Analysis
This analysis compares Cheil Grinding'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: 0.78x
- 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 1.19x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩9684.77 | ₩11480.00 | x |
| 2018-12-31 | ₩10240.58 | ₩11480.00 | x |
| 2019-12-31 | ₩11194.88 | ₩11480.00 | x |
| 2020-12-31 | ₩11452.31 | ₩11480.00 | x |
| 2021-12-31 | ₩12393.56 | ₩11480.00 | x |
| 2022-12-31 | ₩12792.29 | ₩11480.00 | x |
| 2023-12-31 | ₩13916.47 | ₩11480.00 | x |
| 2024-12-31 | ₩14772.47 | ₩11480.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cheil Grinding 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): 6.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.31%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.17x
- Recent ROE (6.05%) is below the historical average (7.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 11.94% | 9.73% | 0.90x | 1.37x | ₩1.12 Billion |
| 2010 | 12.93% | 10.45% | 0.97x | 1.28x | ₩1.90 Billion |
| 2011 | 10.65% | 8.49% | 0.95x | 1.32x | ₩452.96 Million |
| 2012 | 9.57% | 8.42% | 0.88x | 1.29x | ₩-325.15 Million |
| 2013 | 10.69% | 7.73% | 0.95x | 1.45x | ₩425.93 Million |
| 2014 | 9.93% | 7.37% | 0.91x | 1.48x | ₩-46.81 Million |
| 2015 | 3.96% | 3.05% | 0.89x | 1.46x | ₩-4.03 Billion |
| 2016 | 6.63% | 5.39% | 0.88x | 1.40x | ₩-2.37 Billion |
| 2017 | 5.51% | 4.86% | 0.83x | 1.36x | ₩-3.26 Billion |
| 2018 | 7.00% | 6.54% | 0.84x | 1.28x | ₩-2.30 Billion |
| 2019 | 7.62% | 7.89% | 0.79x | 1.22x | ₩-2.00 Billion |
| 2020 | 3.80% | 4.46% | 0.74x | 1.15x | ₩-5.32 Billion |
| 2021 | 6.55% | 7.63% | 0.75x | 1.15x | ₩-3.20 Billion |
| 2022 | 2.38% | 2.62% | 0.80x | 1.13x | ₩-7.02 Billion |
| 2023 | 11.39% | 12.79% | 0.80x | 1.11x | ₩1.33 Billion |
| 2024 | 6.05% | 7.31% | 0.71x | 1.17x | ₩-3.92 Billion |
Industry Comparison
This section compares Cheil Grinding's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $160,424,363,502
- Average return on equity (ROE) among peers: 5.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cheil Grinding (001560) | ₩107.27 Billion | 11.94% | 0.12x | $11.95 Million |
| Cs Holdings (000590) | $169.68 Billion | 3.86% | 0.13x | $9.85 Million |
| Keyang Elec Ma (012200) | $144.34 Billion | 3.32% | 0.21x | $75.59 Million |
| Keyang Electric Machinery Co Ltd (012205) | $182.37 Billion | 4.76% | 0.39x | $55.86 Million |
| YG-1 Co. Ltd (019210) | $36.09 Billion | 8.71% | 1.52x | $169.23 Million |
| Korea Parts & Fasteners Co.Ltd (024880) | $126.69 Billion | 8.71% | 2.00x | $52.16 Million |
| Union Materials Corp (047400) | $94.91 Billion | 5.38% | 0.54x | $27.07 Million |
| Iljin Diamond (081000) | $531.85 Billion | 1.88% | 0.12x | $63.53 Million |
| Seoam Machinery Industry Co.Ltd (100660) | $55.29 Billion | 2.53% | 0.14x | $15.33 Million |
| Chosun Welding (120030) | $102.62 Billion | 11.46% | 0.12x | $19.90 Million |