Binggrae
Binggrae Co., Ltd. engages in production and sale of dairy products in South Korea and internationally. The company offers ice cream, milk/cheese, fermented milk, coffee, juices, beverages, snacks/desserts, and nutritional supplements under various brands, as well as manufactures, sells, imports, and distributes food products. It also exports its products. The company was formerly known as Daeil … Read more
Binggrae (005180) - Net Assets
Latest net assets as of September 2025: ₩774.92 Billion KRW
Based on the latest financial reports, Binggrae (005180) has net assets worth ₩774.92 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 (₩1.10 Trillion) and total liabilities (₩325.15 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 | ₩774.92 Billion |
| % of Total Assets | 70.44% |
| Annual Growth Rate | 4.71% |
| 5-Year Change | 22.44% |
| 10-Year Change | 39.58% |
| Growth Volatility | 4.67 |
Binggrae - Net Assets Trend (2011–2024)
This chart illustrates how Binggrae's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Binggrae (2011–2024)
The table below shows the annual net assets of Binggrae from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩721.84 Billion | +12.51% |
| 2023-12-31 | ₩641.60 Billion | +11.43% |
| 2022-12-31 | ₩575.77 Billion | +3.21% |
| 2021-12-31 | ₩557.88 Billion | -5.37% |
| 2020-12-31 | ₩589.53 Billion | +3.22% |
| 2019-12-31 | ₩571.14 Billion | +4.78% |
| 2018-12-31 | ₩545.08 Billion | +3.07% |
| 2017-12-31 | ₩528.85 Billion | +1.36% |
| 2016-12-31 | ₩521.76 Billion | +0.89% |
| 2015-12-31 | ₩517.16 Billion | +6.85% |
| 2014-12-31 | ₩484.01 Billion | +3.51% |
| 2013-12-31 | ₩467.61 Billion | +6.63% |
| 2012-12-31 | ₩438.52 Billion | +10.45% |
| 2011-12-31 | ₩397.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Binggrae'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 63131359800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩631.31 Billion | 87.46% |
| Other Components | ₩90.53 Billion | 12.54% |
| Total Equity | ₩721.84 Billion | 100.00% |
Binggrae Competitors by Market Cap
The table below lists competitors of Binggrae ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Electrosteel Castings Limited
NSE:ELECTCAST
|
$267.80 Million |
|
GuangDong Leary New Material Technology Co. Ltd. A
SHG:688683
|
$267.87 Million |
|
Tianyang Hot Mel
SHG:603330
|
$267.91 Million |
|
Qudian Inc
NYSE:QD
|
$267.92 Million |
|
Blockchain Group SA
PA:ALTBG
|
$267.70 Million |
|
Bombay Burmah Trading Corporation Limited
NSE:BBTC
|
$267.63 Million |
|
Zheshang Development Group Co Ltd
SHE:000906
|
$267.61 Million |
|
LH Shopping Centers Leasehold
BK:LHSC
|
$267.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Binggrae's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 641,597,543,470 to 721,843,501,860, a change of 80,245,958,390 (12.5%).
- Net income of 103,226,927,600 contributed positively to equity growth.
- Dividend payments of 22,988,203,680 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩103.23 Billion | +14.3% |
| Dividends Paid | ₩22.99 Billion | -3.18% |
| Other Changes | ₩7.23 Million | +0.0% |
| Total Change | ₩- | 12.51% |
Book Value vs Market Value Analysis
This analysis compares Binggrae'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: 0.96x
- 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 1.31x to 0.96x 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 | ₩59811.70 | ₩78200.00 | x |
| 2018-12-31 | ₩61647.45 | ₩78200.00 | x |
| 2019-12-31 | ₩64595.39 | ₩78200.00 | x |
| 2020-12-31 | ₩66675.46 | ₩78200.00 | x |
| 2021-12-31 | ₩63095.27 | ₩78200.00 | x |
| 2022-12-31 | ₩65118.97 | ₩78200.00 | x |
| 2023-12-31 | ₩72564.12 | ₩78200.00 | x |
| 2024-12-31 | ₩81639.87 | ₩78200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Binggrae 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): 14.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.06%
- • Asset Turnover: 1.46x
- • Equity Multiplier: 1.39x
- Recent ROE (14.30%) is above the historical average (7.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 10.66% | 5.83% | 1.46x | 1.25x | ₩2.62 Billion |
| 2012 | 11.64% | 6.42% | 1.45x | 1.25x | ₩7.14 Billion |
| 2013 | 8.16% | 4.70% | 1.43x | 1.21x | ₩-8.55 Billion |
| 2014 | 7.82% | 4.61% | 1.42x | 1.20x | ₩-10.54 Billion |
| 2015 | 4.78% | 3.09% | 1.30x | 1.19x | ₩-26.97 Billion |
| 2016 | 5.51% | 3.53% | 1.30x | 1.20x | ₩-23.44 Billion |
| 2017 | 5.60% | 3.45% | 1.35x | 1.20x | ₩-23.27 Billion |
| 2018 | 6.27% | 4.00% | 1.31x | 1.20x | ₩-20.31 Billion |
| 2019 | 7.19% | 4.67% | 1.28x | 1.20x | ₩-16.05 Billion |
| 2020 | 5.92% | 3.64% | 1.26x | 1.30x | ₩-24.08 Billion |
| 2021 | -3.46% | -1.68% | 1.51x | 1.36x | ₩-75.11 Billion |
| 2022 | 4.46% | 2.03% | 1.65x | 1.34x | ₩-31.89 Billion |
| 2023 | 13.44% | 6.18% | 1.57x | 1.39x | ₩22.06 Billion |
| 2024 | 14.30% | 7.06% | 1.46x | 1.39x | ₩31.04 Billion |
Industry Comparison
This section compares Binggrae's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $383,167,334,826
- Average return on equity (ROE) among peers: 4.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Binggrae (005180) | ₩774.92 Billion | 10.66% | 0.42x | $267.76 Million |
| Daehan Flour Mills Co Ltd (001130) | $489.63 Billion | 6.13% | 0.50x | $92.10 Million |
| Daesang Corp (001680) | $484.66 Billion | 6.60% | 1.67x | $297.74 Million |
| Daesang Corp Preference Shares (001685) | $867.27 Billion | 7.45% | 1.66x | $257.13 Million |
| Korea Ind (002140) | $66.54 Billion | 7.12% | 1.23x | $24.66 Million |
| Choheung (002600) | $149.64 Billion | 0.24% | 1.63x | $16.50 Million |
| Sam Yang Foods (003230) | $53.38 Billion | 0.00% | 4.82x | $2.87 Billion |
| Daejoo Inc (003310) | $47.00 Billion | 3.26% | 0.70x | $60.49 Million |
| Harim Holdings Co. Ltd (003380) | $808.31 Billion | 21.63% | 7.74x | $434.99 Million |
| Hansung Ent (003680) | $52.28 Billion | 2.70% | 3.49x | $11.05 Million |
| Namyang Dairy (003920) | $812.96 Billion | -7.24% | 0.15x | $115.08 Million |