Asia Cement
Asia Holdings Co., Ltd., through its subsidiaries, engages in the manufacture and sale of various papers and paper products from pulp and other materials in South Korea. The company offers corrugated cardboard, kraft paper, and gypsum paper used for industrial packaging sources. It also offers building material comprising cement, remicon, dry motor, and other cement related products. In addition,… Read more
Asia Cement (002030) - Net Assets
Latest net assets as of September 2025: ₩2.06 Trillion KRW
Based on the latest financial reports, Asia Cement (002030) has net assets worth ₩2.06 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩3.32 Trillion) and total liabilities (₩1.27 Trillion). 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 | ₩2.06 Trillion |
| % of Total Assets | 61.93% |
| Annual Growth Rate | 5.71% |
| 5-Year Change | 32.88% |
| 10-Year Change | 74.74% |
| Growth Volatility | 6.26 |
Asia Cement - Net Assets Trend (2000–2024)
This chart illustrates how Asia Cement's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asia Cement (2000–2024)
The table below shows the annual net assets of Asia Cement from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩2.03 Trillion | +2.52% |
| 2023-12-31 | ₩1.98 Trillion | +6.18% |
| 2022-12-31 | ₩1.86 Trillion | +8.66% |
| 2021-12-31 | ₩1.72 Trillion | +12.34% |
| 2020-12-31 | ₩1.53 Trillion | +4.55% |
| 2019-12-31 | ₩1.46 Trillion | +5.58% |
| 2018-12-31 | ₩1.38 Trillion | +9.58% |
| 2017-12-31 | ₩1.26 Trillion | +3.09% |
| 2016-12-31 | ₩1.23 Trillion | +5.46% |
| 2015-12-31 | ₩1.16 Trillion | -0.07% |
| 2014-12-31 | ₩1.16 Trillion | +1.01% |
| 2013-12-31 | ₩1.15 Trillion | +5.76% |
| 2012-12-31 | ₩1.09 Trillion | +3.35% |
| 2011-12-31 | ₩1.05 Trillion | +24.10% |
| 2010-12-31 | ₩848.48 Billion | +2.67% |
| 2009-12-31 | ₩826.44 Billion | +4.25% |
| 2008-12-31 | ₩792.76 Billion | -2.30% |
| 2007-12-31 | ₩811.39 Billion | +18.11% |
| 2006-12-31 | ₩686.97 Billion | +10.47% |
| 2005-12-31 | ₩621.85 Billion | -4.75% |
| 2004-12-31 | ₩652.87 Billion | +2.76% |
| 2003-12-31 | ₩635.35 Billion | +13.56% |
| 2002-12-31 | ₩559.49 Billion | +2.04% |
| 2001-12-31 | ₩548.29 Billion | +2.50% |
| 2000-12-31 | ₩534.91 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Cement'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 129924026900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.30 Trillion | 112.84% |
| Total Equity | ₩1.15 Trillion | 100.00% |
Asia Cement Competitors by Market Cap
The table below lists competitors of Asia Cement ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AutoCanada Inc
PINK:AOCIF
|
$138.46 Million |
|
Guangzhou Metro Design And Research
SHE:003013
|
$138.48 Million |
|
JiangXi BaiSheng Intelligent Technology Co. Ltd.
SHE:301083
|
$138.49 Million |
|
Atal SA
WAR:1AT
|
$138.50 Million |
|
Dacotah Banks Inc
OTCQX:DBIN
|
$138.40 Million |
|
PT Super Bank Indonesia Tbk
JK:SUPA
|
$138.40 Million |
|
Rimini Street Inc
NASDAQ:RMNI
|
$138.40 Million |
|
Jiangsu Yike Food Group Co.Ltd
SHE:301116
|
$138.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Cement's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,077,694,141,360 to 1,151,370,505,000, a change of 73,676,363,640 (6.8%).
- Net income of 62,147,073,000 contributed positively to equity growth.
- Dividend payments of 21,191,444,000 reduced retained earnings.
- Share repurchases of 11,957,478,000 reduced equity.
- Other factors increased equity by 44,678,212,640.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩62.15 Billion | +5.4% |
| Dividends Paid | ₩21.19 Billion | -1.84% |
| Share Repurchases | ₩11.96 Billion | -1.04% |
| Other Changes | ₩44.68 Billion | +3.88% |
| Total Change | ₩- | 6.84% |
Book Value vs Market Value Analysis
This analysis compares Asia Cement'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.
- The price-to-book ratio has decreased from 0.80x to 0.42x 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 | ₩357595.45 | ₩287500.00 | x |
| 2018-12-31 | ₩387294.15 | ₩287500.00 | x |
| 2019-12-31 | ₩408662.91 | ₩287500.00 | x |
| 2020-12-31 | ₩437388.09 | ₩287500.00 | x |
| 2021-12-31 | ₩491012.98 | ₩287500.00 | x |
| 2022-12-31 | ₩544815.80 | ₩287500.00 | x |
| 2023-12-31 | ₩626202.29 | ₩287500.00 | x |
| 2024-12-31 | ₩689472.32 | ₩287500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Cement 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): 5.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.10%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.90x
- Recent ROE (5.40%) is above the historical average (5.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 1.71% | 0.96% | 0.59x | 3.00x | ₩-32.05 Billion |
| 2001 | 6.27% | 4.32% | 0.56x | 2.60x | ₩-15.47 Billion |
| 2002 | 11.88% | 7.68% | 0.68x | 2.28x | ₩8.39 Billion |
| 2003 | 10.78% | 7.83% | 0.65x | 2.11x | ₩3.94 Billion |
| 2004 | 3.30% | 2.12% | 0.79x | 1.96x | ₩-34.42 Billion |
| 2005 | 2.79% | 2.37% | 0.67x | 1.77x | ₩-37.54 Billion |
| 2006 | 0.10% | 0.08% | 0.64x | 1.97x | ₩-52.13 Billion |
| 2007 | 6.72% | 6.02% | 0.62x | 1.78x | ₩-21.36 Billion |
| 2008 | 1.70% | 1.32% | 0.69x | 1.88x | ₩-52.38 Billion |
| 2009 | 4.10% | 3.28% | 0.70x | 1.79x | ₩-38.54 Billion |
| 2010 | 0.22% | 0.17% | 0.74x | 1.75x | ₩-67.34 Billion |
| 2011 | 1.82% | 1.38% | 0.69x | 1.92x | ₩-67.37 Billion |
| 2012 | 5.25% | 4.24% | 0.65x | 1.89x | ₩-39.73 Billion |
| 2013 | 8.37% | 3.37% | 0.66x | 3.79x | ₩-7.06 Billion |
| 2014 | 3.44% | 2.02% | 0.64x | 2.66x | ₩-40.33 Billion |
| 2015 | 1.03% | 0.60% | 0.66x | 2.58x | ₩-55.30 Billion |
| 2016 | 5.36% | 3.18% | 0.64x | 2.63x | ₩-30.16 Billion |
| 2017 | 6.43% | 3.65% | 0.66x | 2.67x | ₩-24.25 Billion |
| 2018 | 6.80% | 3.08% | 0.57x | 3.86x | ₩-23.58 Billion |
| 2019 | 6.20% | 3.13% | 0.54x | 3.69x | ₩-29.50 Billion |
| 2020 | 5.19% | 2.75% | 0.53x | 3.57x | ₩-38.88 Billion |
| 2021 | 11.56% | 5.69% | 0.59x | 3.43x | ₩14.21 Billion |
| 2022 | 8.56% | 4.05% | 0.65x | 3.24x | ₩-14.17 Billion |
| 2023 | 8.66% | 4.41% | 0.65x | 3.04x | ₩-14.44 Billion |
| 2024 | 5.40% | 3.10% | 0.60x | 2.90x | ₩-52.99 Billion |
Industry Comparison
This section compares Asia Cement's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $529,959,044,696
- Average return on equity (ROE) among peers: 3.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Cement (002030) | ₩2.06 Trillion | 1.71% | 0.61x | $138.40 Million |
| Chosun Refractories Co Ltd (000480) | $634.19 Billion | 2.14% | 0.53x | $26.36 Million |
| Tongyang Inc (001525) | $788.24 Billion | 2.31% | 0.40x | $144.72 Million |
| Hanil Cement Co Ltd (003300) | $1.74 Trillion | 0.79% | 0.89x | $128.53 Million |
| Korea Petroleum Industries Co (004090) | $20.15 Billion | 6.85% | 1.54x | $80.96 Million |
| TWay Holdings (004870) | $245.78 Billion | -12.02% | 2.54x | $12.25 Million |
| Sungshin Cemen (004980) | $538.02 Billion | 12.40% | 1.44x | $67.16 Million |
| Sungshin Cement Co Ltd (004985) | $386.88 Billion | 4.31% | 1.74x | $93.23 Million |
| Hyundai Cement (006390) | $398.31 Billion | 7.29% | 1.16x | $23.31 Million |
| Mohenz.Co.Ltd (006920) | $15.60 Billion | 4.02% | 2.74x | $26.41 Million |