Asia Cement (002030) - Net Assets

Latest as of December 2025: ₩2.04 Trillion KRW ≈ $1.38 Billion USD

Based on the latest financial reports, Asia Cement (002030) has net assets worth ₩2.04 Trillion KRW (≈ $1.38 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩3.32 Trillion ≈ $2.25 Billion USD) and total liabilities (₩1.28 Trillion ≈ $869.74 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 asset resilience ratio of Asia Cement to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩2.04 Trillion
% of Total Assets	61.33%
Annual Growth Rate	5.49%
5-Year Change	18.62%
10-Year Change	66.17%
Growth Volatility	6.23

Asia Cement - Net Assets Trend (2000–2025)

This chart illustrates how Asia Cement's net assets have evolved over time, based on quarterly financial data. Also explore 002030 total assets for the complete picture of this company's asset base.

Annual Net Assets for Asia Cement (2000–2025)

The table below shows the annual net assets of Asia Cement from 2000 to 2025. For live valuation and market cap data, see market cap of Asia Cement.

Year	Net Assets	Change
2025-12-31	₩2.04 Trillion ≈ $1.38 Billion	+0.29%
2024-12-31	₩2.03 Trillion ≈ $1.38 Billion	+2.52%
2023-12-31	₩1.98 Trillion ≈ $1.34 Billion	+6.18%
2022-12-31	₩1.86 Trillion ≈ $1.26 Billion	+8.66%
2021-12-31	₩1.72 Trillion ≈ $1.16 Billion	+12.34%
2020-12-31	₩1.53 Trillion ≈ $1.04 Billion	+4.55%
2019-12-31	₩1.46 Trillion ≈ $990.18 Million	+5.58%
2018-12-31	₩1.38 Trillion ≈ $937.81 Million	+9.58%
2017-12-31	₩1.26 Trillion ≈ $855.85 Million	+3.09%
2016-12-31	₩1.23 Trillion ≈ $830.23 Million	+5.46%
2015-12-31	₩1.16 Trillion ≈ $787.27 Million	-0.07%
2014-12-31	₩1.16 Trillion ≈ $787.83 Million	+1.01%
2013-12-31	₩1.15 Trillion ≈ $779.93 Million	+5.76%
2012-12-31	₩1.09 Trillion ≈ $737.48 Million	+3.35%
2011-12-31	₩1.05 Trillion ≈ $713.60 Million	+24.10%
2010-12-31	₩848.48 Billion ≈ $575.00 Million	+2.67%
2009-12-31	₩826.44 Billion ≈ $560.07 Million	+4.25%
2008-12-31	₩792.76 Billion ≈ $537.24 Million	-2.30%
2007-12-31	₩811.39 Billion ≈ $549.87 Million	+18.11%
2006-12-31	₩686.97 Billion ≈ $465.55 Million	+10.47%
2005-12-31	₩621.85 Billion ≈ $421.42 Million	-4.75%
2004-12-31	₩652.87 Billion ≈ $442.44 Million	+2.76%
2003-12-31	₩635.35 Billion ≈ $430.57 Million	+13.56%
2002-12-31	₩559.49 Billion ≈ $379.16 Million	+2.04%
2001-12-31	₩548.29 Billion ≈ $371.57 Million	+2.50%
2000-12-31	₩534.91 Billion ≈ $362.50 Million	--

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 149429087100000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩1.49 Trillion	125.81%
Total Equity	₩1.19 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
Sanghvi Movers Limited NSE:SANGHVIMOV	$299.52 Million
Inmobiliaria del Sur SA MC:ISUR	$299.61 Million
Computer Direct TA:CMDR	$299.65 Million
Colonial Coal International Corp V:CAD	$299.82 Million
IOL Chemicals and Pharmaceuticals Limited NSE:IOLCP	$299.41 Million
Envipco Holding N.V. AS:ENVI	$299.39 Million
Fabryka Farb i Lakierów ŚNIEŻKA SA WAR:SKA	$299.34 Million
Fluxys Belgium BR:FLUX	$299.21 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 2024 to 2025, total equity changed from 1,151,370,505,000 to 1,187,749,013,000, a change of 36,378,508,000 (3.2%).
Net income of 30,950,321,000 contributed positively to equity growth.
Dividend payments of 18,241,410,000 reduced retained earnings.
Share repurchases of 7,071,037,000 reduced equity.
Other factors increased equity by 30,740,634,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩30.95 Billion	+2.61%
Dividends Paid	₩18.24 Billion	-1.54%
Share Repurchases	₩7.07 Billion	-0.6%
Other Changes	₩30.74 Billion	+2.59%
Total Change	₩-	3.16%

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: 0.37x
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 0.76x to 0.37x 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	₩271000.00	x
2018-12-31	₩387294.15	₩271000.00	x
2019-12-31	₩408662.91	₩271000.00	x
2020-12-31	₩437388.09	₩271000.00	x
2021-12-31	₩491012.98	₩271000.00	x
2022-12-31	₩544815.80	₩271000.00	x
2023-12-31	₩626202.29	₩271000.00	x
2024-12-31	₩689472.32	₩271000.00	x
2025-12-31	₩728319.34	₩271000.00	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): 2.61%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.64%
• Asset Turnover: 0.57x
• Equity Multiplier: 2.79x
Recent ROE (2.61%) is below the historical average (5.24%), suggesting potential challenges in 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
2025	2.61%	1.64%	0.57x	2.79x	₩-87.82 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: $497,547,338,784
Average return on equity (ROE) among peers: 24.92%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Asia Cement (002030)	₩2.04 Trillion	1.71%	0.63x	$299.50 Million
Chosun Refractories Co Ltd (000480)	$513.29 Billion	6.65%	0.94x	$143.15 Million
Union Corporation (000910)	$174.56 Billion	-5.79%	1.15x	$47.82 Million
Tongyang (001520)	$223.24 Billion	0.00%	14.93x	$103.42 Million
Tongyang Inc (001525)	$374.95 Billion	170.06%	1.21x	$613.90 Million
Tongyang Inc (001527)	$834.11 Billion	0.40%	0.17x	$1.23 Million
Hanil Cement Co Ltd (003300)	$1.82 Trillion	2.69%	0.82x	$366.69 Million
Korea Petroleum Industries Co (004090)	$100.57 Billion	3.22%	1.35x	$137.42 Million
Samil C&S Co Ltd (004440)	$269.06 Billion	0.76%	0.32x	$70.92 Million
TWay Holdings (004870)	$164.73 Billion	46.32%	0.28x	$21.17 Million

About Asia Cement

KO:002030 Korea Building Materials

Market Cap

$299.50 Million

₩441.95 Billion KRW

Market Cap Rank

#14972 Global

#549 in Korea

Share Price

₩271000.00

Change (1 day)

+1.50%

52-Week Range

₩260500.00 - ₩396500.00

All Time High

₩396500.00