Hankook Shell Oil (002960) - Net Assets
Based on the latest financial reports, Hankook Shell Oil (002960) has net assets worth ₩140.36 Billion KRW (≈ $95.12 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 (₩200.26 Billion ≈ $135.72 Million USD) and total liabilities (₩59.90 Billion ≈ $40.60 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 002960 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩140.36 Billion |
| % of Total Assets | 70.09% |
| Annual Growth Rate | 3.77% |
| 5-Year Change | 28.12% |
| 10-Year Change | 44.23% |
| Growth Volatility | 4.69 |
Hankook Shell Oil - Net Assets Trend (2013–2025)
This chart illustrates how Hankook Shell Oil's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Hankook Shell Oil to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hankook Shell Oil (2013–2025)
The table below shows the annual net assets of Hankook Shell Oil from 2013 to 2025. For live valuation and market cap data, see 002960 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩140.36 Billion ≈ $95.12 Million |
+10.28% |
| 2024-12-31 | ₩127.28 Billion ≈ $86.25 Million |
+0.89% |
| 2023-12-31 | ₩126.15 Billion ≈ $85.49 Million |
+11.68% |
| 2022-12-31 | ₩112.96 Billion ≈ $76.55 Million |
+3.10% |
| 2021-12-31 | ₩109.55 Billion ≈ $74.24 Million |
+11.66% |
| 2020-12-31 | ₩98.12 Billion ≈ $66.49 Million |
+0.20% |
| 2019-12-31 | ₩97.92 Billion ≈ $66.36 Million |
-1.64% |
| 2018-12-31 | ₩99.55 Billion ≈ $67.46 Million |
+0.11% |
| 2017-12-31 | ₩99.44 Billion ≈ $67.39 Million |
+2.18% |
| 2016-12-31 | ₩97.32 Billion ≈ $65.95 Million |
+0.48% |
| 2015-12-31 | ₩96.85 Billion ≈ $65.64 Million |
+6.92% |
| 2014-12-31 | ₩90.58 Billion ≈ $61.39 Million |
+0.61% |
| 2013-12-31 | ₩90.03 Billion ≈ $61.01 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hankook Shell Oil'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 59.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩132.22 Billion | 94.20% |
| Other Components | ₩8.14 Billion | 5.80% |
| Total Equity | ₩140.36 Billion | 100.00% |
Hankook Shell Oil Competitors by Market Cap
The table below lists competitors of Hankook Shell Oil ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sports Toto Berhad
KLSE:1562
|
$430.06 Million |
|
Johnson Outdoors Inc
NASDAQ:JOUT
|
$430.07 Million |
|
CNlight Co Ltd
SHE:002076
|
$430.09 Million |
|
Hemisphere Properties India Limited
NSE:HEMIPROP
|
$430.12 Million |
|
Nawi Brothers Group Ltd
TA:NAWI
|
$429.45 Million |
|
Daqian Ecology & Landscape Co Ltd
SHG:603955
|
$429.38 Million |
|
Shoppers Stop Limited
NSE:SHOPERSTOP
|
$429.31 Million |
|
Guanhao Biotech Co Ltd
SHE:300238
|
$429.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hankook Shell Oil's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 127,275,601,710 to 140,361,831,140, a change of 13,086,229,430 (10.3%).
- Net income of 48,227,962,480 contributed positively to equity growth.
- Dividend payments of 35,100,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩48.23 Billion | +34.36% |
| Dividends Paid | ₩35.10 Billion | -25.01% |
| Other Changes | ₩-41.73 Million | -0.03% |
| Total Change | ₩- | 10.28% |
Book Value vs Market Value Analysis
This analysis compares Hankook Shell Oil'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: 4.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.37x to 4.52x 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 | ₩76494.18 | ₩487500.00 | x |
| 2018-12-31 | ₩76577.66 | ₩487500.00 | x |
| 2019-12-31 | ₩75322.62 | ₩487500.00 | x |
| 2020-12-31 | ₩75473.73 | ₩487500.00 | x |
| 2021-12-31 | ₩84272.89 | ₩487500.00 | x |
| 2022-12-31 | ₩86889.04 | ₩487500.00 | x |
| 2023-12-31 | ₩97038.66 | ₩487500.00 | x |
| 2024-12-31 | ₩97904.31 | ₩487500.00 | x |
| 2025-12-31 | ₩107970.64 | ₩487500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hankook Shell Oil 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): 34.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.98%
- • Asset Turnover: 1.72x
- • Equity Multiplier: 1.43x
- Recent ROE (34.36%) is above the historical average (27.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 32.88% | 12.00% | 2.01x | 1.36x | ₩20.60 Billion |
| 2014 | 29.72% | 11.28% | 2.07x | 1.27x | ₩17.87 Billion |
| 2015 | 32.23% | 13.95% | 1.77x | 1.31x | ₩21.53 Billion |
| 2016 | 27.99% | 12.92% | 1.72x | 1.26x | ₩17.51 Billion |
| 2017 | 24.38% | 11.52% | 1.61x | 1.32x | ₩14.30 Billion |
| 2018 | 25.07% | 11.36% | 1.52x | 1.45x | ₩15.01 Billion |
| 2019 | 21.47% | 9.93% | 1.50x | 1.44x | ₩11.23 Billion |
| 2020 | 21.41% | 10.49% | 1.35x | 1.51x | ₩11.20 Billion |
| 2021 | 26.51% | 12.03% | 1.46x | 1.51x | ₩18.09 Billion |
| 2022 | 23.66% | 8.86% | 1.75x | 1.53x | ₩15.43 Billion |
| 2023 | 29.63% | 11.66% | 1.70x | 1.49x | ₩24.76 Billion |
| 2024 | 28.80% | 11.20% | 1.71x | 1.50x | ₩23.93 Billion |
| 2025 | 34.36% | 13.98% | 1.72x | 1.43x | ₩34.19 Billion |
Industry Comparison
This section compares Hankook Shell Oil's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $3,669,369,130,826
- Average return on equity (ROE) among peers: 11.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hankook Shell Oil (002960) | ₩140.36 Billion | 32.88% | 0.43x | $429.48 Million |
| Mi Chang Oil (003650) | $247.93 Billion | 5.03% | 0.13x | $126.11 Million |
| SK Discovery Co Ltd (006120) | $6.85 Trillion | 1.89% | 1.38x | $521.94 Million |
| SK Discovery Co Ltd (006125) | $2.32 Trillion | 7.76% | 1.15x | $32.10 Million |
| S-Oil Corp (010950) | $6.39 Trillion | 18.86% | 1.18x | $8.03 Billion |
| S-Oil Corp Pref (010955) | $6.99 Trillion | 19.73% | 1.68x | $139.67 Million |
| The LEADCORP Inc (012700) | $125.70 Billion | 18.82% | 1.86x | $49.69 Million |
| E1 Corporation (017940) | $1.32 Trillion | 5.93% | 1.71x | $326.39 Million |
| Sk Gas (018670) | $673.20 Billion | 12.88% | 1.63x | $1.31 Billion |
| SK Innovation (096770) | $8.11 Trillion | 8.14% | 2.04x | $11.52 Billion |
About Hankook Shell Oil
Hankook Shell Oil Co.,Ltd. engages in the manufacture, assembly, distribution, and marketing of lubricants and grease, and other petroleum products and related products. It also imports and exports lubricants, base oils, additives, and crude oils; and provides technical services related to its products. The company was formerly known as Keuk Dong Shell Oil Refinery Co., Ltd. The company was found… Read more