Hankook Shell Oil (002960) - Net Assets

Latest as of March 2026: ₩110.21 Billion KRW ≈ $74.69 Million USD

Based on the latest financial reports, Hankook Shell Oil (002960) has net assets worth ₩110.21 Billion KRW (≈ $74.69 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩221.26 Billion ≈ $149.94 Million USD) and total liabilities (₩111.05 Billion ≈ $75.26 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 Hankook Shell Oil (002960) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩110.21 Billion
% of Total Assets	49.81%
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. For live market cap and overall valuation, see Hankook Shell Oil stock valuation.

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. Also explore net asset momentum of Hankook Shell Oil to track the company's year-over-year net asset growth rate.

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
Deutsche Rohstoff AG XETRA:DR0	$449.31 Million
Locaweb Serviços de Internet S.A. SA:LWSA3	$449.33 Million
Antofagasta PLC LSE:ANTO	$449.33 Million
Dalian Thermal Power Co Ltd SHG:600719	$449.37 Million
EMX Royalty Corp V:EMX	$449.29 Million
Guangdong Huiyun Titanium Industry SHE:300891	$448.95 Million
Yuancheng Cable Co Ltd SHE:002692	$448.72 Million
Iteos Therapeutics Inc NASDAQ:ITOS	$448.68 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: 4.72x
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 6.67x to 4.72x 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	₩510000.00	x
2018-12-31	₩76577.66	₩510000.00	x
2019-12-31	₩75322.62	₩510000.00	x
2020-12-31	₩75473.73	₩510000.00	x
2021-12-31	₩84272.89	₩510000.00	x
2022-12-31	₩86889.04	₩510000.00	x
2023-12-31	₩97038.66	₩510000.00	x
2024-12-31	₩97904.31	₩510000.00	x
2025-12-31	₩107970.64	₩510000.00	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: $3,751,557,939,690
Average return on equity (ROE) among peers: 6.96%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hankook Shell Oil (002960)	₩110.21 Billion	32.88%	1.01x	$449.31 Million
Mi Chang Oil (003650)	$412.51 Billion	12.76%	0.19x	$128.47 Million
SK Discovery Co Ltd (006120)	$741.36 Billion	3.28%	3.66x	$699.40 Million
SK Discovery Co Ltd (006125)	$3.07 Trillion	6.94%	1.24x	$35.31 Million
S-Oil Corp (010950)	$1.35 Trillion	0.31%	3.04x	$11.87 Billion
S-Oil Corp Pref (010955)	$8.70 Trillion	-2.22%	1.81x	$218.47 Million
The LEADCORP Inc (012700)	$215.88 Billion	18.06%	1.96x	$50.13 Million
E1 Corporation (017940)	$1.70 Trillion	12.55%	1.71x	$359.30 Million
Sk Gas (018670)	$666.56 Billion	6.73%	1.73x	$1.47 Billion
SK Innovation (096770)	$16.92 Trillion	4.26%	1.09x	$16.78 Billion

About Hankook Shell Oil

KO:002960 Korea Oil & Gas Refining & Marketing

Market Cap

$449.31 Million

₩663.00 Billion KRW

Market Cap Rank

#12963 Global

#372 in Korea

Share Price

₩510000.00

Change (1 day)

+0.39%

52-Week Range

₩406000.00 - ₩580000.00

All Time High

₩580000.00