Binggrae (005180) - Net Assets

Latest as of September 2025: ₩774.92 Billion KRW ≈ $525.15 Million USD

Based on the latest financial reports, Binggrae (005180) has net assets worth ₩774.92 Billion KRW (≈ $525.15 Million USD) 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 ≈ $745.50 Million USD) and total liabilities (₩325.15 Billion ≈ $220.35 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 how tangible is Binggrae's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩774.92 Billion
% of Total Assets	70.44%
Annual Growth Rate	4.47%
5-Year Change	31.25%
10-Year Change	40.34%
Growth Volatility	4.58

Binggrae - Net Assets Trend (2011–2025)

This chart illustrates how Binggrae's net assets have evolved over time, based on quarterly financial data. See 005180 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Binggrae (2011–2025)

The table below shows the annual net assets of Binggrae from 2011 to 2025. For live valuation and market cap data, 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	--

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.

Current Equity Component Breakdown (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
Caleres Inc NYSE:CAL	$406.91 Million
Build-A-Bear Workshop Inc NYSE:BBW	$407.23 Million
IOL Chemicals and Pharmaceuticals Limited NSE:IOLCP	$407.27 Million
Banco Santander Brasil SA BA:BSBR	$407.38 Million
Good Finance Securities Co Ltd TWO:6021	$406.76 Million
Xin Hee Co Ltd SHE:003016	$406.75 Million
Ningbo David Medical Device Co Ltd SHE:300314	$406.68 Million
Turaco Gold Ltd AU:TCG	$406.66 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: 0.82x
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 1.14x to 0.82x 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	₩67900.00	x
2018-12-31	₩61647.45	₩67900.00	x
2019-12-31	₩64595.39	₩67900.00	x
2020-12-31	₩66675.46	₩67900.00	x
2021-12-31	₩63095.27	₩67900.00	x
2022-12-31	₩65118.97	₩67900.00	x
2023-12-31	₩72564.12	₩67900.00	x
2024-12-31	₩81639.87	₩67900.00	x
2025-12-31	₩82812.37	₩67900.00	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: $483,543,415,493
Average return on equity (ROE) among peers: 5.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Binggrae (005180)	₩774.92 Billion	10.66%	0.42x	$406.85 Million
Daehan Flour Mills Co Ltd (001130)	$607.35 Billion	3.07%	0.48x	$13.13 Million
Daesang Corp (001680)	$472.17 Billion	0.00%	2.84x	$419.36 Million
Daesang Corp Preference Shares (001685)	$867.27 Billion	7.45%	1.66x	$13.73 Million
Korea Ind (002140)	$76.12 Billion	11.88%	1.05x	$33.02 Million
Choheung (002600)	$149.64 Billion	0.24%	1.63x	$55.91 Million
Sam Yang Foods (003230)	$33.13 Billion	39.63%	5.21x	$5.05 Billion
Daejoo Inc (003310)	$68.99 Billion	6.29%	0.52x	$43.41 Million
Harim Holdings Co. Ltd (003380)	$1.69 Trillion	3.23%	4.53x	$699.33 Million
Hansung Ent (003680)	$54.00 Billion	-4.88%	3.12x	$17.59 Million
Namyang Dairy (003920)	$812.96 Billion	-7.24%	0.15x	$171.85 Million

About Binggrae

KO:005180 Korea Packaged Foods

Market Cap

$406.85 Million

₩600.36 Billion KRW

Market Cap Rank

#13450 Global

#414 in Korea

Share Price

₩67900.00

Change (1 day)

-1.16%

52-Week Range

₩66400.00 - ₩93600.00

All Time High

₩112100.00