Hankook Shell Oil (002960) - Net Assets
Based on the latest financial reports, Hankook Shell Oil (002960) has net assets worth ₩128.29 Billion KRW (≈ $86.94 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩188.72 Billion ≈ $127.89 Million USD) and total liabilities (₩60.43 Billion ≈ $40.95 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 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩128.29 Billion |
| % of Total Assets | 67.98% |
| Annual Growth Rate | 3.2% |
| 5-Year Change | 29.72% |
| 10-Year Change | 31.41% |
| Growth Volatility | 4.47 |
Hankook Shell Oil - Net Assets Trend (2013–2024)
This chart illustrates how Hankook Shell Oil's net assets have evolved over time, based on quarterly financial data. Also explore Hankook Shell Oil balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Hankook Shell Oil (2013–2024)
The table below shows the annual net assets of Hankook Shell Oil from 2013 to 2024. For live valuation and market cap data, see 002960 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 44.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩119.19 Billion | 93.65% |
| Other Components | ₩8.08 Billion | 6.35% |
| Total Equity | ₩127.28 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 |
|---|---|
|
Ganso Co Ltd
SHG:603886
|
$448.48 Million |
|
Ram Ratna Wires Limited
NSE:RAMRAT
|
$448.49 Million |
|
Imricor Medical Systems Inc
AU:IMR
|
$448.50 Million |
|
EUROKAI GmbH & Co. KGaA
F:EUK3
|
$448.62 Million |
|
Bystronic AG
SW:BYS
|
$448.35 Million |
|
Tadiran Hldg
TA:TDRN
|
$448.18 Million |
|
LF Corp
KO:093050
|
$448.16 Million |
|
Shenzhen Changfang Light Emitting
SHE:300301
|
$448.10 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 2023 to 2024, total equity changed from 126,150,255,250 to 127,275,601,710, a change of 1,125,346,460 (0.9%).
- Net income of 36,654,972,140 contributed positively to equity growth.
- Dividend payments of 35,100,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩36.65 Billion | +28.8% |
| Dividends Paid | ₩35.10 Billion | -27.58% |
| Other Changes | ₩-429.63 Million | -0.34% |
| Total Change | ₩- | 0.89% |
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: 5.20x
- 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 6.65x to 5.20x 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 | ₩509000.00 | x |
| 2018-12-31 | ₩76577.66 | ₩509000.00 | x |
| 2019-12-31 | ₩75322.62 | ₩509000.00 | x |
| 2020-12-31 | ₩75473.73 | ₩509000.00 | x |
| 2021-12-31 | ₩84272.89 | ₩509000.00 | x |
| 2022-12-31 | ₩86889.04 | ₩509000.00 | x |
| 2023-12-31 | ₩97038.66 | ₩509000.00 | x |
| 2024-12-31 | ₩97904.31 | ₩509000.00 | 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): 28.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.20%
- • Asset Turnover: 1.71x
- • Equity Multiplier: 1.50x
- Recent ROE (28.80%) is above the historical average (26.98%), 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 |
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: $4,229,200,525,159
- Average return on equity (ROE) among peers: 7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hankook Shell Oil (002960) | ₩128.29 Billion | 32.88% | 0.47x | $448.42 Million |
| Mi Chang Oil (003650) | $277.13 Billion | 7.10% | 0.13x | $128.27 Million |
| SK Discovery Co Ltd (006120) | $763.89 Billion | 7.56% | 3.09x | $648.37 Million |
| SK Discovery Co Ltd (006125) | $5.95 Trillion | 7.18% | 0.98x | $35.81 Million |
| S-Oil Corp (010950) | $4.55 Trillion | 14.99% | 1.21x | $10.26 Billion |
| S-Oil Corp Pref (010955) | $6.50 Trillion | 1.01% | 1.51x | $159.69 Million |
| The LEADCORP Inc (012700) | $255.02 Billion | 16.01% | 2.06x | $66.09 Million |
| E1 Corporation (017940) | $1.32 Trillion | 5.93% | 1.71x | $424.34 Million |
| Sk Gas (018670) | $1.41 Trillion | 6.93% | 1.37x | $1.76 Billion |
| SK Innovation (096770) | $17.05 Trillion | 4.72% | 0.84x | $16.45 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