Shin Poong Pap Net Assets
Shin Poong Pap net assets. Based on the latest financial reports, Shin Poong Pap (002870) has net assets worth ₩81.34 Billion KRW (≈ $55.12 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩83.39 Billion ≈ $56.51 Million USD) and total liabilities (₩2.05 Billion ≈ $1.39 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. Also explore Shin Poong Pap (002870) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩81.34 Billion |
| % of Total Assets | 97.54% |
| Annual Growth Rate | -2.64% |
| 5-Year Change | -17.6% |
| 10-Year Change | 78.21% |
| Growth Volatility | 20.47 |
Net Assets of Shin Poong Pap (2011–2025)
Net assets of Shin Poong Pap from 2011 to 2025. This chart illustrates how Shin Poong Pap's net assets have evolved over time, based on quarterly financial data. See 002870 net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Shin Poong Pap (2011–2025)
The table below shows the annual net assets of Shin Poong Pap from 2011 to 2025. For live market cap and overall valuation, see Shin Poong Pap (002870) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩73.65 Billion ≈ $49.91 Million |
+2.70% |
| 2024-12-31 | ₩71.72 Billion ≈ $48.60 Million |
+0.10% |
| 2023-12-31 | ₩71.64 Billion ≈ $48.55 Million |
-13.00% |
| 2022-12-31 | ₩82.35 Billion ≈ $55.81 Million |
-7.87% |
| 2021-12-31 | ₩89.38 Billion ≈ $60.57 Million |
-10.99% |
| 2020-12-31 | ₩100.41 Billion ≈ $68.05 Million |
+45.74% |
| 2019-12-31 | ₩68.90 Billion ≈ $46.69 Million |
+31.92% |
| 2018-12-31 | ₩52.23 Billion ≈ $35.39 Million |
+18.41% |
| 2017-12-31 | ₩44.11 Billion ≈ $29.89 Million |
+6.73% |
| 2016-12-31 | ₩41.33 Billion ≈ $28.01 Million |
+0.81% |
| 2015-12-31 | ₩40.99 Billion ≈ $27.78 Million |
-30.27% |
| 2014-12-31 | ₩58.79 Billion ≈ $39.84 Million |
-27.65% |
| 2013-12-31 | ₩81.26 Billion ≈ $55.07 Million |
-11.65% |
| 2012-12-31 | ₩91.97 Billion ≈ $62.33 Million |
-14.19% |
| 2011-12-31 | ₩107.18 Billion ≈ $72.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shin Poong Pap'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 6468472673000.0% over the analyzed period, indicating profitable operations and earnings retention.
Shin Poong Pap Net Assets Breakdown (December 2025)
Shin Poong Pap net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩64.68 Billion | 87.83% |
| Other Components | ₩8.97 Billion | 12.17% |
| Total Equity | ₩73.65 Billion | 100.00% |
Shin Poong Pap Competitors by Market Cap
The table below lists competitors of Shin Poong Pap ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Libet S.A.
WAR:LBT
|
$17.82 Million |
|
Context Therapeutics Inc
NASDAQ:CNTX
|
$17.82 Million |
|
BMG Resources Ltd
AU:BMG
|
$17.85 Million |
|
Huachen AI Parking Management Technology Holding Co Ltd
NASDAQ:HCAI
|
$17.85 Million |
|
Alphawave IP Group PLC
LSE:AWE
|
$17.82 Million |
|
Hanil Chemical Ind. Co. Ltd
KQ:007770
|
$17.82 Million |
|
Leeuwin Metals Ltd
AU:LM1
|
$17.81 Million |
|
Aqua Corporation Public Company Limited
BK:AQUA
|
$17.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shin Poong Pap's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 71,716,646,060 to 73,650,459,370, a change of 1,933,813,310 (2.7%).
- Net income of 2,001,172,600 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.00 Billion | +2.72% |
| Other Changes | ₩-67.36 Million | -0.09% |
| Total Change | ₩- | 2.70% |
Book Value vs Market Value Analysis
This analysis compares Shin Poong Pap'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: 0.36x
- 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 0.59x to 0.36x 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 | ₩1599.12 | ₩949.00 | x |
| 2018-12-31 | ₩1894.87 | ₩949.00 | x |
| 2019-12-31 | ₩2499.79 | ₩949.00 | x |
| 2020-12-31 | ₩3638.43 | ₩949.00 | x |
| 2021-12-31 | ₩3226.03 | ₩949.00 | x |
| 2022-12-31 | ₩2894.81 | ₩949.00 | x |
| 2023-12-31 | ₩2603.04 | ₩949.00 | x |
| 2024-12-31 | ₩2588.45 | ₩949.00 | x |
| 2025-12-31 | ₩2658.25 | ₩949.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shin Poong Pap 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): 2.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.26%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.04x
- Recent ROE (2.72%) is above the historical average (-1.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -9.79% | -5.52% | 0.74x | 2.40x | ₩-16.17 Billion |
| 2014 | -31.00% | -17.03% | 0.62x | 2.92x | ₩-24.37 Billion |
| 2015 | -34.74% | -12.78% | 0.77x | 3.55x | ₩-18.34 Billion |
| 2016 | 3.24% | 1.04% | 0.88x | 3.54x | ₩-2.80 Billion |
| 2017 | 2.09% | 0.64% | 0.94x | 3.46x | ₩-3.50 Billion |
| 2018 | 16.64% | 5.67% | 0.92x | 3.19x | ₩3.48 Billion |
| 2019 | 28.35% | 12.51% | 0.85x | 2.68x | ₩12.71 Billion |
| 2020 | 32.69% | 97.59% | 0.31x | 1.07x | ₩22.88 Billion |
| 2021 | -11.22% | -38.72% | 0.28x | 1.05x | ₩-18.97 Billion |
| 2022 | -9.40% | -40.12% | 0.17x | 1.40x | ₩-15.56 Billion |
| 2023 | -9.01% | -24.16% | 0.26x | 1.44x | ₩-13.71 Billion |
| 2024 | 0.43% | 1.36% | 0.30x | 1.05x | ₩-6.86 Billion |
| 2025 | 2.72% | 8.26% | 0.32x | 1.04x | ₩-5.36 Billion |
Industry Comparison
This section compares Shin Poong Pap's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $162,878,484,224
- Average return on equity (ROE) among peers: 5.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shin Poong Pap (002870) | ₩81.34 Billion | -9.79% | 0.03x | $17.82 Million |
| Shin Hwa Silup (001770) | $40.60 Billion | 14.27% | 0.75x | $3.23 Million |
| Export Packing (002200) | $219.45 Billion | 5.09% | 0.28x | $64.07 Million |
| Sam Young Chem (003720) | $65.16 Billion | -4.94% | 0.67x | $109.55 Million |
| NPC Co. Ltd (004250) | $43.34 Billion | 7.36% | 0.28x | $56.09 Million |
| National Plastic Co Ltd Preferred (004255) | $364.89 Billion | 7.33% | 0.47x | $6.53 Million |
| Samhwa Crown (004450) | $122.90 Billion | 7.91% | 0.23x | $34.48 Million |
| Daeryuk Can Co. Ltd (004780) | $106.85 Billion | 5.02% | 0.47x | $44.89 Million |
| Wonlim Corp. (005820) | $155.06 Billion | 2.60% | 0.19x | $18.80 Million |
| Youlchon Chem (008730) | $347.64 Billion | 5.80% | 0.76x | $198.99 Million |
About Shin Poong Pap
Shinpoong Paper Mfg. Co., Ltd produces and sells paper products. It offers duplex board products that are used for packaging foods, electronic products, tissues, cleansers, and toys. Shinpoong Paper Mfg. Co., Ltd was founded in 1960 and is headquartered in Pyeongtaek-Si, South Korea.