Sungshin Cement Co Ltd
Sungshin Cement Co., Ltd manufactures and sells cement and ready mixed concrete products in South Korea and internationally. The company offers portland, portland blast-furnace slag, PHC pile, and class-A crude steel portland cement; ready-mixed concrete; and slag fine powder and cement, and special cement. It also engages in the cargo transportation, port loading and unloading work, storage, int… Read more
Sungshin Cement Co Ltd (004985) - Net Assets
Latest net assets as of September 2025: ₩579.26 Billion KRW
Based on the latest financial reports, Sungshin Cement Co Ltd (004985) has net assets worth ₩579.26 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.34 Trillion) and total liabilities (₩762.60 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩579.26 Billion |
| % of Total Assets | 43.17% |
| Annual Growth Rate | 5.19% |
| 5-Year Change | 41.13% |
| 10-Year Change | 88.33% |
| Growth Volatility | 12.27 |
Sungshin Cement Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Sungshin Cement Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sungshin Cement Co Ltd (2014–2024)
The table below shows the annual net assets of Sungshin Cement Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩575.00 Billion | +6.87% |
| 2023-12-31 | ₩538.02 Billion | +35.79% |
| 2022-12-31 | ₩396.21 Billion | -4.30% |
| 2021-12-31 | ₩414.01 Billion | +1.62% |
| 2020-12-31 | ₩407.42 Billion | +1.79% |
| 2019-12-31 | ₩400.26 Billion | +3.46% |
| 2018-12-31 | ₩386.88 Billion | +3.49% |
| 2017-12-31 | ₩373.83 Billion | +17.65% |
| 2016-12-31 | ₩317.75 Billion | +4.07% |
| 2015-12-31 | ₩305.31 Billion | -11.92% |
| 2014-12-31 | ₩346.64 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sungshin Cement Co Ltd'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 43.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩310.95 Billion | 54.62% |
| Other Components | ₩258.34 Billion | 45.38% |
| Total Equity | ₩569.29 Billion | 100.00% |
Sungshin Cement Co Ltd Competitors by Market Cap
The table below lists competitors of Sungshin Cement Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dohome Public Company Limited
BK:DOHOME
|
$93.87 Million |
|
Gamehost Inc
PINK:GHIFF
|
$93.87 Million |
|
MYFAIR GOLD CORP.
F:9M5
|
$93.94 Million |
|
Iljin Holdings
KO:015860
|
$93.95 Million |
|
Boiron SA
PA:BOI
|
$93.81 Million |
|
Pharmosa Biopharm Inc.
TWO:6875
|
$93.73 Million |
|
United Overseas Insurance Limited
F:IZB
|
$93.69 Million |
|
San Fu Chemical Co Ltd
TW:4755
|
$93.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sungshin Cement Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 532,461,084,060 to 569,291,498,500, a change of 36,830,414,440 (6.9%).
- Net income of 45,207,133,850 contributed positively to equity growth.
- Dividend payments of 8,734,541,950 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩45.21 Billion | +7.94% |
| Dividends Paid | ₩8.73 Billion | -1.53% |
| Other Changes | ₩357.82 Million | +0.06% |
| Total Change | ₩- | 6.92% |
Book Value vs Market Value Analysis
This analysis compares Sungshin Cement Co Ltd'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: 0.45x
- 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 0.68x to 0.45x 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 | ₩10720.00 | x |
| 2018-12-31 | ₩16385.64 | ₩10720.00 | x |
| 2019-12-31 | ₩16598.11 | ₩10720.00 | x |
| 2020-12-31 | ₩16872.14 | ₩10720.00 | x |
| 2021-12-31 | ₩17144.77 | ₩10720.00 | x |
| 2022-12-31 | ₩16402.15 | ₩10720.00 | x |
| 2023-12-31 | ₩21426.37 | ₩10720.00 | x |
| 2024-12-31 | ₩23607.27 | ₩10720.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sungshin Cement Co Ltd 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): 7.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.89%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.40x
- Recent ROE (7.94%) is above the historical average (2.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 2.50% | 1.39% | 0.55x | 3.28x | ₩-25.51 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 |
Industry Comparison
This section compares Sungshin Cement Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $431,228,670,151
- Average return on equity (ROE) among peers: 2.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sungshin Cement Co Ltd (004985) | ₩579.26 Billion | 2.50% | 1.32x | $93.84 Million |
| Chosun Refractories Co Ltd (000480) | $513.29 Billion | 6.65% | 0.94x | $26.04 Million |
| Tongyang (001520) | $834.11 Billion | 0.40% | 0.17x | $68.44 Million |
| Tongyang Inc (001525) | $783.53 Billion | -0.56% | 0.26x | $144.72 Million |
| Hanil Cement Co Ltd (003300) | $753.19 Billion | 12.87% | 0.28x | $130.27 Million |
| TWay Holdings (004870) | $149.00 Billion | -13.93% | 0.26x | $12.35 Million |
| Sungshin Cemen (004980) | $389.74 Billion | 3.78% | 1.97x | $65.88 Million |
| Hyundai Cement (006390) | $408.72 Billion | 0.00% | 1.50x | $23.31 Million |
| Mohenz.Co.Ltd (006920) | $20.01 Billion | 10.02% | 2.04x | $31.01 Million |
| Busan Ind (011390) | $29.46 Billion | 0.00% | 0.99x | $26.38 Million |