Sungshin Cemen (004980) - Net Assets

Latest as of March 2026: ₩587.58 Billion KRW ≈ $398.20 Million USD

Based on the latest financial reports, Sungshin Cemen (004980) has net assets worth ₩587.58 Billion KRW (≈ $398.20 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 (₩1.34 Trillion ≈ $906.38 Million USD) and total liabilities (₩749.88 Billion ≈ $508.18 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 allocation strategy of Sungshin Cemen to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩587.58 Billion
% of Total Assets	43.93%
Annual Growth Rate	2.29%
5-Year Change	43.2%
10-Year Change	86.58%
Growth Volatility	15.81

Sungshin Cemen - Net Assets Trend (2000–2025)

This chart illustrates how Sungshin Cemen's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Sungshin Cemen.

Annual Net Assets for Sungshin Cemen (2000–2025)

The table below shows the annual net assets of Sungshin Cemen from 2000 to 2025. Also explore how fast is Sungshin Cemen growing its equity to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	₩592.86 Billion ≈ $401.77 Million	+3.11%
2024-12-31	₩575.00 Billion ≈ $389.67 Million	+6.87%
2023-12-31	₩538.02 Billion ≈ $364.61 Million	+35.79%
2022-12-31	₩396.21 Billion ≈ $268.51 Million	-4.30%
2021-12-31	₩414.01 Billion ≈ $280.57 Million	+1.62%
2020-12-31	₩407.42 Billion ≈ $276.10 Million	+1.79%
2019-12-31	₩400.26 Billion ≈ $271.25 Million	+3.46%
2018-12-31	₩386.88 Billion ≈ $262.18 Million	+3.49%
2017-12-31	₩373.83 Billion ≈ $253.34 Million	+17.65%
2016-12-31	₩317.75 Billion ≈ $215.33 Million	+4.07%
2015-12-31	₩305.31 Billion ≈ $206.90 Million	-11.92%
2014-12-31	₩346.64 Billion ≈ $234.91 Million	-0.46%
2013-12-31	₩348.23 Billion ≈ $235.99 Million	+5.92%
2012-12-31	₩328.76 Billion ≈ $222.79 Million	-1.99%
2011-12-31	₩335.42 Billion ≈ $227.31 Million	-36.06%
2010-12-31	₩524.55 Billion ≈ $355.48 Million	+34.59%
2009-12-31	₩389.74 Billion ≈ $264.12 Million	-4.39%
2008-12-31	₩407.63 Billion ≈ $276.25 Million	+21.13%
2000-12-31	₩336.53 Billion ≈ $228.06 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sungshin Cemen'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 32892414433000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩328.92 Billion	56.03%
Other Components	₩258.12 Billion	43.97%
Total Equity	₩587.04 Billion	100.00%

Sungshin Cemen Competitors by Market Cap

The table below lists competitors of Sungshin Cemen ranked by their market capitalization.

Company	Market Cap
Victoria Investama Tbk JK:VICO	$137.32 Million
Parsan Makina Parcalari Sanayi AS IS:PARSN	$137.43 Million
Bonny Worldwide Ltd TW:8467	$137.47 Million
B’IN Live Co Ltd TW:6625	$137.53 Million
Uniplus Electronics Co Ltd TWO:5381	$137.20 Million
Igis Value Plus Reit Co Ltd KO:334890	$137.03 Million
Peak Rare EARTHS Ltd AU:PEK	$137.02 Million
CVC Ltd AU:CVC	$137.00 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sungshin Cemen's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 569,291,498,500 to 587,040,924,470, a change of 17,749,425,970 (3.1%).
Net income of 25,985,024,700 contributed positively to equity growth.
Dividend payments of 8,734,541,950 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩25.99 Billion	+4.43%
Dividends Paid	₩8.73 Billion	-1.49%
Other Changes	₩498.94 Million	+0.08%
Total Change	₩-	3.12%

Book Value vs Market Value Analysis

This analysis compares Sungshin Cemen'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: 0.35x
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 0.53x to 0.35x 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	₩15830.49	₩8400.00	x
2018-12-31	₩16385.64	₩8400.00	x
2019-12-31	₩16598.11	₩8400.00	x
2020-12-31	₩16872.14	₩8400.00	x
2021-12-31	₩17144.77	₩8400.00	x
2022-12-31	₩16402.15	₩8400.00	x
2023-12-31	₩21426.37	₩8400.00	x
2024-12-31	₩23607.27	₩8400.00	x
2025-12-31	₩24343.30	₩8400.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sungshin Cemen 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): 4.43%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.14%
• Asset Turnover: 0.93x
• Equity Multiplier: 2.23x
Recent ROE (4.43%) is above the historical average (2.34%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	3.85%	2.36%	0.54x	3.02x	₩-23.56 Billion
2012	1.03%	0.62%	0.49x	3.41x	₩-29.51 Billion
2013	1.02%	0.59%	0.53x	3.28x	₩-31.29 Billion
2014	2.44%	1.38%	0.55x	3.22x	₩-26.18 Billion
2015	-11.32%	-4.99%	0.63x	3.59x	₩-63.74 Billion
2016	3.98%	1.84%	0.68x	3.20x	₩-19.13 Billion
2017	3.27%	1.89%	0.63x	2.74x	₩-25.16 Billion
2018	4.31%	2.42%	0.65x	2.74x	₩-22.02 Billion
2019	4.36%	2.46%	0.69x	2.57x	₩-22.59 Billion
2020	2.50%	1.41%	0.66x	2.68x	₩-30.50 Billion
2021	1.56%	0.77%	0.74x	2.71x	₩-34.90 Billion
2022	-6.71%	-2.58%	0.87x	3.00x	₩-66.11 Billion
2023	12.53%	5.99%	0.85x	2.46x	₩13.46 Billion
2024	7.94%	3.89%	0.85x	2.40x	₩-11.72 Billion
2025	4.43%	2.14%	0.93x	2.23x	₩-32.72 Billion

Industry Comparison

This section compares Sungshin Cemen's net assets metrics with peer companies in the Building Materials industry.

Industry Context

Industry: Building Materials
Average net assets among peers: $650,864,418,572
Average return on equity (ROE) among peers: 2.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sungshin Cemen (004980)	₩587.58 Billion	3.85%	1.28x	$137.28 Million
Chosun Refractories Co Ltd (000480)	$862.11 Billion	-0.27%	0.97x	$126.51 Million
Union Corporation (000910)	$130.50 Billion	2.82%	0.35x	$31.16 Million
Tongyang (001520)	$862.69 Billion	2.82%	0.16x	$86.85 Million
Tongyang Inc (001525)	$834.11 Billion	0.40%	0.17x	$1.24 Billion
Tongyang Inc (001527)	$705.18 Billion	-10.53%	0.87x	$840.60K
Asia Cement (002030)	$1.98 Trillion	4.71%	0.65x	$229.71 Million
Hanil Cement Co Ltd (003300)	$539.67 Billion	2.71%	0.80x	$390.72 Million
Korea Petroleum Industries Co (004090)	$138.98 Billion	8.62%	0.89x	$97.47 Million
Samil C&S Co Ltd (004440)	$288.73 Billion	12.99%	0.31x	$46.51 Million
TWay Holdings (004870)	$166.58 Billion	2.74%	0.29x	$87.50 Million

About Sungshin Cemen

KO:004980 Korea Building Materials

Market Cap

$137.28 Million

₩202.57 Billion KRW

Market Cap Rank

#18100 Global

#786 in Korea

Share Price

₩8400.00

Change (1 day)

-0.36%

52-Week Range

₩7090.00 - ₩13230.00

All Time High

₩17808.63