Binggrae Net Assets
Binggrae net assets. Based on the latest financial reports, Binggrae (005180) has net assets worth ₩728.05 Billion KRW (≈ $493.39 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 (₩1.07 Trillion ≈ $725.14 Million USD) and total liabilities (₩341.97 Billion ≈ $231.75 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. Also explore 005180 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩728.05 Billion |
| % of Total Assets | 68.04% |
| Annual Growth Rate | 4.47% |
| 5-Year Change | 31.25% |
| 10-Year Change | 40.34% |
| Growth Volatility | 4.58 |
Net Assets of Binggrae (2011–2025)
Net assets of Binggrae from 2011 to 2025. This chart illustrates how Binggrae's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Binggrae to measure how much of total assets are equity-financed.
Annual Net Assets for Binggrae (2011–2025)
The table below shows the annual net assets of Binggrae from 2011 to 2025. For live market cap and overall valuation, see Binggrae (005180) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩732.21 Billion ≈ $496.21 Million |
+1.44% |
| 2024-12-31 | ₩721.84 Billion ≈ $489.18 Million |
+12.51% |
| 2023-12-31 | ₩641.60 Billion ≈ $434.80 Million |
+11.43% |
| 2022-12-31 | ₩575.77 Billion ≈ $390.19 Million |
+3.21% |
| 2021-12-31 | ₩557.88 Billion ≈ $378.06 Million |
-5.37% |
| 2020-12-31 | ₩589.53 Billion ≈ $399.52 Million |
+3.22% |
| 2019-12-31 | ₩571.14 Billion ≈ $387.05 Million |
+4.78% |
| 2018-12-31 | ₩545.08 Billion ≈ $369.39 Million |
+3.07% |
| 2017-12-31 | ₩528.85 Billion ≈ $358.39 Million |
+1.36% |
| 2016-12-31 | ₩521.76 Billion ≈ $353.59 Million |
+0.89% |
| 2015-12-31 | ₩517.16 Billion ≈ $350.47 Million |
+6.85% |
| 2014-12-31 | ₩484.01 Billion ≈ $328.01 Million |
+3.51% |
| 2013-12-31 | ₩467.61 Billion ≈ $316.89 Million |
+6.63% |
| 2012-12-31 | ₩438.52 Billion ≈ $297.18 Million |
+10.45% |
| 2011-12-31 | ₩397.03 Billion ≈ $269.06 Million |
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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 63720554600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Binggrae Net Assets Breakdown (December 2025)
Binggrae net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩637.21 Billion | 87.02% |
| Other Components | ₩95.00 Billion | 12.98% |
| Total Equity | ₩732.21 Billion | 100.00% |
Binggrae Competitors by Market Cap
The table below lists competitors of Binggrae ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wam Global Ltd
AU:WGB
|
$488.52 Million |
|
Shanghai Zhenhua Heavy Industries Co Ltd B
SHG:900947
|
$488.54 Million |
|
Shandong Haihua Co Ltd
SHE:000822
|
$488.56 Million |
|
Mastek Limited
NSE:MASTEK
|
$488.94 Million |
|
NRB Bearing Limited
NSE:NRBBEARING
|
$488.30 Million |
|
Beijing VRV Software Corp Ltd
SHE:300352
|
$487.96 Million |
|
Spin Master Corp
TO:TOY
|
$487.90 Million |
|
Deluxe Family Co Ltd
SHG:600503
|
$487.69 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 2024 to 2025, total equity changed from 721,843,501,860 to 732,210,513,630, a change of 10,367,011,770 (1.4%).
- Net income of 51,988,647,240 contributed positively to equity growth.
- Dividend payments of 29,176,700,790 reduced retained earnings.
- Other factors decreased equity by 12,444,934,680.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩51.99 Billion | +7.1% |
| Dividends Paid | ₩29.18 Billion | -3.98% |
| Other Changes | ₩-12.44 Billion | -1.7% |
| Total Change | ₩- | 1.44% |
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: 0.98x
- 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 1.36x to 0.98x 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 | ₩81500.00 | x |
| 2018-12-31 | ₩61647.45 | ₩81500.00 | x |
| 2019-12-31 | ₩64595.39 | ₩81500.00 | x |
| 2020-12-31 | ₩66675.46 | ₩81500.00 | x |
| 2021-12-31 | ₩63095.27 | ₩81500.00 | x |
| 2022-12-31 | ₩65118.97 | ₩81500.00 | x |
| 2023-12-31 | ₩72564.12 | ₩81500.00 | x |
| 2024-12-31 | ₩81639.87 | ₩81500.00 | x |
| 2025-12-31 | ₩82812.37 | ₩81500.00 | 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): 7.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.96%
- • Asset Turnover: 1.29x
- • Equity Multiplier: 1.39x
- Recent ROE (7.10%) is below the historical average (7.29%), suggesting potential challenges in 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 |
| 2025 | 7.10% | 3.96% | 1.29x | 1.39x | ₩-21.23 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: $646,368,558,966
- Average return on equity (ROE) among peers: 3.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Binggrae (005180) | ₩728.05 Billion | 10.66% | 0.47x | $488.34 Million |
| Daehan Flour Mills Co Ltd (001130) | $880.62 Billion | 9.93% | 0.50x | $12.00 Million |
| Daesang Corp (001680) | $1.10 Trillion | 11.36% | 1.30x | $402.22 Million |
| Daesang Corp Preference Shares (001685) | $1.45 Trillion | 6.58% | 1.42x | $12.97 Million |
| Korea Ind (002140) | $58.54 Billion | 9.66% | 1.18x | $29.46 Million |
| Choheung (002600) | $151.47 Billion | 5.34% | 1.87x | $56.84 Million |
| Sam Yang Foods (003230) | $157.50 Billion | 6.24% | 1.04x | $5.93 Billion |
| Daejoo Inc (003310) | $83.51 Billion | 9.96% | 0.33x | $34.37 Million |
| Harim Holdings Co. Ltd (003380) | $1.68 Trillion | 5.72% | 3.82x | $750.08 Million |
| Hansung Ent (003680) | $49.86 Billion | -34.84% | 3.68x | $13.07 Million |
| Namyang Dairy (003920) | $849.15 Billion | 3.14% | 0.17x | $165.10 Million |
About Binggrae
Binggrae Co., Ltd. engages in the 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 health orientation under various brands, as well as manufactures, sells, imports, and distributes food products. It also exports its products. It serves customers through agencies, dir… Read more