Cheil Grinding (001560) - Net Assets
Based on the latest financial reports, Cheil Grinding (001560) has net assets worth ₩108.82 Billion KRW (≈ $73.75 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩121.23 Billion ≈ $82.16 Million USD) and total liabilities (₩12.41 Billion ≈ $8.41 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 how tangible is Cheil Grinding's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩108.82 Billion |
| % of Total Assets | 89.76% |
| Annual Growth Rate | 4.03% |
| 5-Year Change | 17.14% |
| 10-Year Change | 54.58% |
| Growth Volatility | 6.59 |
Cheil Grinding - Net Assets Trend (2009–2025)
This chart illustrates how Cheil Grinding's net assets have evolved over time, based on quarterly financial data. See Cheil Grinding defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cheil Grinding (2009–2025)
The table below shows the annual net assets of Cheil Grinding from 2009 to 2025. For live valuation and market cap data, see Cheil Grinding market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩108.82 Billion ≈ $73.75 Million |
+9.66% |
| 2024-12-31 | ₩99.24 Billion ≈ $67.25 Million |
+3.56% |
| 2023-12-31 | ₩95.82 Billion ≈ $64.94 Million |
+3.96% |
| 2022-12-31 | ₩92.17 Billion ≈ $62.46 Million |
-0.78% |
| 2021-12-31 | ₩92.89 Billion ≈ $62.95 Million |
+8.08% |
| 2020-12-31 | ₩85.95 Billion ≈ $58.25 Million |
+2.30% |
| 2019-12-31 | ₩84.01 Billion ≈ $56.93 Million |
+9.33% |
| 2018-12-31 | ₩76.84 Billion ≈ $52.07 Million |
+5.50% |
| 2017-12-31 | ₩72.83 Billion ≈ $49.36 Million |
+3.45% |
| 2016-12-31 | ₩70.40 Billion ≈ $47.71 Million |
+5.38% |
| 2015-12-31 | ₩66.81 Billion ≈ $45.28 Million |
+1.94% |
| 2014-12-31 | ₩65.54 Billion ≈ $44.41 Million |
+5.37% |
| 2013-12-31 | ₩62.20 Billion ≈ $42.15 Million |
-17.94% |
| 2012-12-31 | ₩75.80 Billion ≈ $51.37 Million |
+8.34% |
| 2011-12-31 | ₩69.96 Billion ≈ $47.41 Million |
+7.92% |
| 2010-12-31 | ₩64.83 Billion ≈ $43.93 Million |
+12.16% |
| 2009-12-31 | ₩57.80 Billion ≈ $39.17 Million |
-- |
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 11951644344000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩119.52 Billion | 109.96% |
| Total Equity | ₩108.69 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 |
|---|---|
|
Wiable Corp
KQ:065530
|
$46.10 Million |
|
Sotherly Hotels Inc
NASDAQ:SOHO
|
$46.10 Million |
|
China Steel Corp Pref
TW:2002A
|
$46.12 Million |
|
ZEN Graphene Solutions Ltd
NASDAQ:ZTEK
|
$46.17 Million |
|
Namyang Dairy Products Co Ltd Peffered Series 1
KO:003925
|
$46.08 Million |
|
Diatreme Resources Ltd
AU:DRX
|
$46.07 Million |
|
Lithium South Development Corp
V:LIS
|
$46.05 Million |
|
Soluciones Cuatroochenta S.L.
MC:480S
|
$46.04 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 2024 to 2025, total equity changed from 99,107,327,330 to 108,688,212,300, a change of 9,580,884,970 (9.7%).
- Net income of 13,632,783,110 contributed positively to equity growth.
- Dividend payments of 2,146,854,720 reduced retained earnings.
- Share repurchases of 648,415,890 reduced equity.
- Other factors decreased equity by 1,256,627,530.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩13.63 Billion | +12.54% |
| Dividends Paid | ₩2.15 Billion | -1.98% |
| Share Repurchases | ₩648.42 Million | -0.6% |
| Other Changes | ₩-1.26 Billion | -1.16% |
| Total Change | ₩- | 9.67% |
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: 0.63x
- 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 1.06x to 0.63x 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 | ₩10240.00 | x |
| 2018-12-31 | ₩10240.58 | ₩10240.00 | x |
| 2019-12-31 | ₩11194.88 | ₩10240.00 | x |
| 2020-12-31 | ₩11452.31 | ₩10240.00 | x |
| 2021-12-31 | ₩12393.56 | ₩10240.00 | x |
| 2022-12-31 | ₩12792.29 | ₩10240.00 | x |
| 2023-12-31 | ₩13916.47 | ₩10240.00 | x |
| 2024-12-31 | ₩14772.47 | ₩10240.00 | x |
| 2025-12-31 | ₩16361.90 | ₩10240.00 | 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): 12.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.28%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.12x
- Recent ROE (12.54%) is above the historical average (8.18%), indicating improving 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 |
| 2025 | 12.54% | 17.28% | 0.65x | 1.12x | ₩2.76 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: $128,128,404,683
- Average return on equity (ROE) among peers: 6.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cheil Grinding (001560) | ₩108.82 Billion | 11.94% | 0.11x | $46.10 Million |
| Cs Holdings (000590) | $151.76 Billion | 2.72% | 0.21x | $50.80 Million |
| Keyang Elec Ma (012200) | $152.92 Billion | 4.07% | 0.34x | $114.38 Million |
| Keyang Electric Machinery Co Ltd (012205) | $120.39 Billion | -1.05% | 0.93x | $6.99 Million |
| YG-1 Co. Ltd (019210) | $270.54 Billion | 6.78% | 1.46x | $406.81 Million |
| Korea Parts & Fasteners Co.Ltd (024880) | $161.82 Billion | 4.70% | 1.57x | $58.62 Million |
| Union Materials Corp (047400) | $86.55 Billion | 7.29% | 0.56x | $32.36 Million |
| Iljin Diamond (081000) | $68.22 Billion | 11.48% | 0.97x | $103.34 Million |
| Seoam Machinery Industry Co.Ltd (100660) | $65.69 Billion | 2.93% | 0.15x | $29.89 Million |
| Chosun Welding (120030) | $75.27 Billion | 19.35% | 0.18x | $57.45 Million |
About Cheil Grinding
Cheil Grinding Wheel Ind. Co., Ltd. manufactures and sells grinding wheel products in South Korea. The company products include angular grinding wheels, balance equipment, ball bearings, cam shaft grinding wheels, CBN cam shaft crinding wheels, CBN centerless grinding wheels, CBN internal grinding wheels, CFRP products, depressed center wheels, discs, dressers, dust safety suits, epoxy grinding w… Read more