Nongshim (004370) - Net Assets
Based on the latest financial reports, Nongshim (004370) has net assets worth ₩2.83 Trillion KRW (≈ $1.92 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 (₩3.82 Trillion ≈ $2.59 Billion USD) and total liabilities (₩990.94 Billion ≈ $671.54 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 Nongshim to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩2.83 Trillion |
| % of Total Assets | 74.07% |
| Annual Growth Rate | 6.39% |
| 5-Year Change | 28.65% |
| 10-Year Change | 57.08% |
| Growth Volatility | 5.06 |
Nongshim - Net Assets Trend (1999–2025)
This chart illustrates how Nongshim's net assets have evolved over time, based on quarterly financial data. Also explore Nongshim assets under control for the complete picture of this company's asset base.
Annual Net Assets for Nongshim (1999–2025)
The table below shows the annual net assets of Nongshim from 1999 to 2025. For live valuation and market cap data, see market cap of Nongshim.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩2.83 Trillion ≈ $1.92 Billion |
+5.93% |
| 2024-12-31 | ₩2.67 Trillion ≈ $1.81 Billion |
+9.50% |
| 2023-12-31 | ₩2.44 Trillion ≈ $1.65 Billion |
+5.42% |
| 2022-12-31 | ₩2.32 Trillion ≈ $1.57 Billion |
+5.21% |
| 2021-12-31 | ₩2.20 Trillion ≈ $1.49 Billion |
+7.41% |
| 2020-12-31 | ₩2.05 Trillion ≈ $1.39 Billion |
+5.58% |
| 2019-12-31 | ₩1.94 Trillion ≈ $1.32 Billion |
+2.27% |
| 2018-12-31 | ₩1.90 Trillion ≈ $1.29 Billion |
+3.08% |
| 2017-12-31 | ₩1.84 Trillion ≈ $1.25 Billion |
+2.15% |
| 2016-12-31 | ₩1.80 Trillion ≈ $1.22 Billion |
+9.47% |
| 2015-12-31 | ₩1.65 Trillion ≈ $1.12 Billion |
+5.99% |
| 2014-12-31 | ₩1.55 Trillion ≈ $1.05 Billion |
+2.43% |
| 2013-12-31 | ₩1.52 Trillion ≈ $1.03 Billion |
+3.93% |
| 2012-12-31 | ₩1.46 Trillion ≈ $988.97 Million |
-3.94% |
| 2011-12-31 | ₩1.52 Trillion ≈ $1.03 Billion |
+15.89% |
| 2010-12-31 | ₩1.31 Trillion ≈ $888.40 Million |
+8.33% |
| 2009-12-31 | ₩1.21 Trillion ≈ $820.12 Million |
+8.71% |
| 2008-12-31 | ₩1.11 Trillion ≈ $754.39 Million |
+8.59% |
| 2007-12-31 | ₩1.03 Trillion ≈ $694.69 Million |
+7.13% |
| 2006-12-31 | ₩956.83 Billion ≈ $648.43 Million |
+10.31% |
| 2005-12-31 | ₩867.44 Billion ≈ $587.85 Million |
+12.04% |
| 2004-12-31 | ₩774.21 Billion ≈ $524.67 Million |
+15.58% |
| 2003-12-31 | ₩669.84 Billion ≈ $453.94 Million |
-7.06% |
| 2002-12-31 | ₩720.69 Billion ≈ $488.40 Million |
+8.50% |
| 2001-12-31 | ₩664.25 Billion ≈ $450.15 Million |
+4.11% |
| 2000-12-31 | ₩638.05 Billion ≈ $432.40 Million |
+12.76% |
| 1999-12-31 | ₩565.86 Billion ≈ $383.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nongshim'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 257824560370000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩2.58 Trillion | 91.08% |
| Other Components | ₩252.46 Billion | 8.92% |
| Total Equity | ₩2.83 Trillion | 100.00% |
Nongshim Competitors by Market Cap
The table below lists competitors of Nongshim ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hope Bancorp Inc
NASDAQ:HOPE
|
$1.56 Billion |
|
DUERR AG UNSP.ADR 1/5
F:DUEB
|
$1.56 Billion |
|
V-Guard Industries Limited
NSE:VGUARD
|
$1.56 Billion |
|
Yunnan Salt & Salt Chemical Industry Co Ltd
SHE:002053
|
$1.56 Billion |
|
Quantum Computing Inc
NASDAQ:QUBT
|
$1.56 Billion |
|
Shenzhen Center Power Tech Co Ltd
SHE:002733
|
$1.56 Billion |
|
Laobaixing Pharmacy
SHG:603883
|
$1.55 Billion |
|
Select Energy Services Inc
NYSE:WTTR
|
$1.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nongshim's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,672,015,203,500 to 2,830,704,457,680, a change of 158,689,254,180 (5.9%).
- Net income of 170,132,973,880 contributed positively to equity growth.
- Dividend payments of 28,912,194,950 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩170.13 Billion | +6.01% |
| Dividends Paid | ₩28.91 Billion | -1.02% |
| Other Changes | ₩17.47 Billion | +0.62% |
| Total Change | ₩- | 5.94% |
Book Value vs Market Value Analysis
This analysis compares Nongshim'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: 0.81x
- 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 1.19x to 0.81x 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 | ₩316196.26 | ₩377500.00 | x |
| 2018-12-31 | ₩325997.66 | ₩377500.00 | x |
| 2019-12-31 | ₩333399.02 | ₩377500.00 | x |
| 2020-12-31 | ₩351730.99 | ₩377500.00 | x |
| 2021-12-31 | ₩377778.26 | ₩377500.00 | x |
| 2022-12-31 | ₩398463.99 | ₩377500.00 | x |
| 2023-12-31 | ₩420263.91 | ₩377500.00 | x |
| 2024-12-31 | ₩462076.67 | ₩377500.00 | x |
| 2025-12-31 | ₩465374.17 | ₩377500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nongshim 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): 6.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.84%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.35x
- Recent ROE (6.01%) is below the historical average (8.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 13.58% | 6.51% | 0.97x | 2.16x | ₩20.00 Billion |
| 2000 | 11.81% | 6.18% | 1.04x | 1.84x | ₩11.41 Billion |
| 2001 | 5.67% | 5.80% | 0.53x | 1.84x | ₩-28.46 Billion |
| 2002 | 11.20% | 5.79% | 1.04x | 1.87x | ₩8.51 Billion |
| 2003 | 15.42% | 6.57% | 1.25x | 1.88x | ₩36.19 Billion |
| 2004 | 16.87% | 7.84% | 1.21x | 1.77x | ₩53.03 Billion |
| 2005 | 13.82% | 7.30% | 1.07x | 1.77x | ₩33.07 Billion |
| 2006 | 11.82% | 6.75% | 1.06x | 1.65x | ₩17.37 Billion |
| 2007 | 10.09% | 6.62% | 0.98x | 1.55x | ₩875.38 Million |
| 2008 | 7.07% | 4.46% | 0.99x | 1.60x | ₩-32.51 Billion |
| 2009 | 10.55% | 6.35% | 1.08x | 1.54x | ₩6.68 Billion |
| 2010 | 9.50% | 6.01% | 1.05x | 1.51x | ₩-6.50 Billion |
| 2011 | 5.66% | 3.91% | 0.96x | 1.52x | ₩-64.94 Billion |
| 2013 | 5.90% | 4.24% | 0.94x | 1.48x | ₩-61.52 Billion |
| 2014 | 4.24% | 3.18% | 0.92x | 1.45x | ₩-88.46 Billion |
| 2015 | 7.18% | 5.38% | 0.90x | 1.48x | ₩-46.16 Billion |
| 2016 | 11.13% | 8.99% | 0.89x | 1.39x | ₩20.30 Billion |
| 2017 | 4.96% | 4.11% | 0.90x | 1.34x | ₩-92.18 Billion |
| 2018 | 4.47% | 3.77% | 0.88x | 1.34x | ₩-104.22 Billion |
| 2019 | 3.68% | 3.03% | 0.88x | 1.38x | ₩-121.80 Billion |
| 2020 | 7.30% | 5.63% | 0.97x | 1.34x | ₩-54.88 Billion |
| 2021 | 4.57% | 3.75% | 0.92x | 1.33x | ₩-118.63 Billion |
| 2022 | 5.04% | 3.71% | 1.03x | 1.32x | ₩-114.29 Billion |
| 2023 | 7.07% | 5.04% | 1.05x | 1.33x | ₩-71.12 Billion |
| 2024 | 5.89% | 4.57% | 0.96x | 1.35x | ₩-109.90 Billion |
| 2025 | 6.01% | 4.84% | 0.92x | 1.35x | ₩-112.94 Billion |
Industry Comparison
This section compares Nongshim's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $624,762,189,955
- Average return on equity (ROE) among peers: 2.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nongshim (004370) | ₩2.83 Trillion | 13.58% | 0.35x | $1.56 Billion |
| Daehan Flour Mills Co Ltd (001130) | $238.84 Billion | 11.11% | 1.02x | $174.98 Million |
| Daesang Corp (001680) | $1.45 Trillion | 6.58% | 1.42x | $486.05 Million |
| Daesang Corp Preference Shares (001685) | $1.32 Trillion | 6.28% | 1.41x | $15.68 Million |
| Korea Ind (002140) | $88.76 Billion | 5.76% | 1.06x | $47.32 Million |
| Choheung (002600) | $149.64 Billion | 0.24% | 1.63x | $59.77 Million |
| Sam Yang Foods (003230) | $54.47 Billion | 7.75% | 2.83x | $5.05 Billion |
| Daejoo Inc (003310) | $50.50 Billion | 5.36% | 0.67x | $82.87 Million |
| Harim Holdings Co. Ltd (003380) | $2.10 Trillion | 14.57% | 4.53x | $864.77 Million |
| Hansung Ent (003680) | $54.58 Billion | -22.33% | 2.91x | $19.75 Million |
| Namyang Dairy (003920) | $737.95 Billion | -10.63% | 0.22x | $209.00 Million |
About Nongshim
Nongshim Co., Ltd., together with its subsidiaries, manufactures, sells, imports, and exports ramen, snacks, and beverages in Asia, the Americas, Europe, and Oceania. It also provides home meal replacements; and imports and markets brand products, such as Kellogg's cereals, Tulip canned meat, House Curry, Chupa Chups, Pringles, Mentos, jam, peanut butter, Lindt chocolates, and Villa Blanca oil. T… Read more