SL Corp (005850) - Net Assets
Based on the latest financial reports, SL Corp (005850) has net assets worth ₩2.65 Trillion KRW (≈ $1.80 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩4.00 Trillion ≈ $2.71 Billion USD) and total liabilities (₩1.35 Trillion ≈ $911.77 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 SL Corp (005850) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩2.65 Trillion |
| % of Total Assets | 66.34% |
| Annual Growth Rate | 15.62% |
| 5-Year Change | 74.63% |
| 10-Year Change | 177.55% |
| Growth Volatility | 11.81 |
SL Corp - Net Assets Trend (1999–2025)
This chart illustrates how SL Corp's net assets have evolved over time, based on quarterly financial data. See 005850 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SL Corp (1999–2025)
The table below shows the annual net assets of SL Corp from 1999 to 2025. For live valuation and market cap data, see 005850 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩2.65 Trillion ≈ $1.80 Billion |
+10.61% |
| 2024-12-31 | ₩2.40 Trillion ≈ $1.62 Billion |
+19.32% |
| 2023-12-31 | ₩2.01 Trillion ≈ $1.36 Billion |
+17.77% |
| 2022-12-31 | ₩1.71 Trillion ≈ $1.16 Billion |
+12.35% |
| 2021-12-31 | ₩1.52 Trillion ≈ $1.03 Billion |
+6.55% |
| 2020-12-31 | ₩1.43 Trillion ≈ $965.82 Million |
+3.37% |
| 2019-12-31 | ₩1.38 Trillion ≈ $934.34 Million |
+34.80% |
| 2018-12-31 | ₩1.02 Trillion ≈ $693.15 Million |
-0.04% |
| 2017-12-31 | ₩1.02 Trillion ≈ $693.40 Million |
+7.10% |
| 2016-12-31 | ₩955.40 Billion ≈ $647.46 Million |
+12.99% |
| 2015-12-31 | ₩845.57 Billion ≈ $573.03 Million |
+13.02% |
| 2014-12-31 | ₩748.15 Billion ≈ $507.01 Million |
+12.31% |
| 2013-12-31 | ₩666.13 Billion ≈ $451.43 Million |
+11.69% |
| 2012-12-31 | ₩596.41 Billion ≈ $404.18 Million |
+7.28% |
| 2011-12-31 | ₩555.93 Billion ≈ $376.75 Million |
+0.06% |
| 2010-12-31 | ₩555.58 Billion ≈ $376.51 Million |
+32.93% |
| 2009-12-31 | ₩417.96 Billion ≈ $283.24 Million |
+30.05% |
| 2008-12-31 | ₩321.38 Billion ≈ $217.80 Million |
-3.74% |
| 2007-12-31 | ₩333.86 Billion ≈ $226.25 Million |
+43.25% |
| 2006-12-31 | ₩233.06 Billion ≈ $157.94 Million |
+11.98% |
| 2005-12-31 | ₩208.12 Billion ≈ $141.04 Million |
+16.24% |
| 2004-12-31 | ₩179.04 Billion ≈ $121.33 Million |
+21.94% |
| 2003-12-31 | ₩146.83 Billion ≈ $99.50 Million |
+27.71% |
| 2002-12-31 | ₩114.97 Billion ≈ $77.91 Million |
+29.57% |
| 2001-12-31 | ₩88.73 Billion ≈ $60.13 Million |
+31.35% |
| 2000-12-31 | ₩67.55 Billion ≈ $45.78 Million |
+10.98% |
| 1999-12-31 | ₩60.87 Billion ≈ $41.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SL Corp'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 4107.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩2.04 Trillion | 80.11% |
| Other Components | ₩507.59 Billion | 19.89% |
| Total Equity | ₩2.55 Trillion | 100.00% |
SL Corp Competitors by Market Cap
The table below lists competitors of SL Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhuzhou Times New Material Technology Co Ltd
SHG:600458
|
$2.38 Billion |
|
Ruentex Development Co Ltd
TW:9945
|
$2.38 Billion |
|
Peloton Interactive Inc
NASDAQ:PTON
|
$2.39 Billion |
|
Shanghai Anlogic Infotech Co Ltd
SHG:688107
|
$2.39 Billion |
|
Zhongshan Public Utilities Group Co Ltd
SHE:000685
|
$2.38 Billion |
|
WHA Corporation Public Company Limited
BK:WHA-R
|
$2.38 Billion |
|
WHA Corporation Public Company Limited
BK:WHA
|
$2.38 Billion |
|
Verallia
PA:VRLA
|
$2.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SL Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,299,756,239,400 to 2,552,540,824,480, a change of 252,784,585,080 (11.0%).
- Net income of 310,834,472,370 contributed positively to equity growth.
- Dividend payments of 60,180,478,960 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩310.83 Billion | +12.18% |
| Dividends Paid | ₩60.18 Billion | -2.36% |
| Other Changes | ₩2.13 Billion | +0.08% |
| Total Change | ₩- | 10.99% |
Book Value vs Market Value Analysis
This analysis compares SL Corp'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: 1.37x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.56x to 1.37x 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 | ₩29762.91 | ₩76200.00 | x |
| 2018-12-31 | ₩29693.05 | ₩76200.00 | x |
| 2019-12-31 | ₩29290.64 | ₩76200.00 | x |
| 2020-12-31 | ₩30604.85 | ₩76200.00 | x |
| 2021-12-31 | ₩32607.78 | ₩76200.00 | x |
| 2022-12-31 | ₩35491.76 | ₩76200.00 | x |
| 2023-12-31 | ₩41872.04 | ₩76200.00 | x |
| 2024-12-31 | ₩49934.50 | ₩76200.00 | x |
| 2025-12-31 | ₩55423.19 | ₩76200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SL Corp 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): 12.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.93%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 1.57x
- Recent ROE (12.18%) is below the historical average (12.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 12.79% | 3.39% | 1.73x | 2.19x | ₩1.64 Billion |
| 2000 | 12.16% | 1.99% | 1.17x | 5.22x | ₩1.22 Billion |
| 2001 | 19.75% | 3.72% | 1.09x | 4.89x | ₩6.65 Billion |
| 2002 | 23.51% | 4.04% | 1.21x | 4.81x | ₩10.64 Billion |
| 2003 | 19.61% | 3.48% | 1.19x | 4.73x | ₩9.02 Billion |
| 2004 | 19.63% | 3.30% | 1.26x | 4.72x | ₩10.88 Billion |
| 2005 | 9.31% | 1.56% | 1.30x | 4.59x | ₩-958.87 Million |
| 2006 | 12.56% | 2.23% | 1.31x | 4.31x | ₩4.00 Billion |
| 2007 | 6.96% | 2.38% | 0.99x | 2.96x | ₩-8.03 Billion |
| 2009 | 25.90% | 8.74% | 1.10x | 2.69x | ₩52.83 Billion |
| 2010 | 18.14% | 6.30% | 1.11x | 2.59x | ₩36.84 Billion |
| 2011 | 10.15% | 6.38% | 0.79x | 2.02x | ₩849.73 Million |
| 2012 | 9.88% | 4.99% | 1.03x | 1.92x | ₩-697.11 Million |
| 2013 | 11.11% | 5.89% | 1.02x | 1.85x | ₩7.30 Billion |
| 2014 | 12.75% | 6.93% | 0.99x | 1.87x | ₩20.32 Billion |
| 2015 | 8.45% | 5.05% | 0.90x | 1.86x | ₩-12.92 Billion |
| 2016 | 12.56% | 7.30% | 0.99x | 1.73x | ₩24.12 Billion |
| 2017 | 9.64% | 6.53% | 0.93x | 1.59x | ₩-3.59 Billion |
| 2018 | 2.50% | 1.57% | 0.94x | 1.70x | ₩-75.41 Billion |
| 2019 | 6.31% | 3.79% | 0.99x | 1.67x | ₩-50.25 Billion |
| 2020 | 4.66% | 2.62% | 1.07x | 1.66x | ₩-75.28 Billion |
| 2021 | 6.42% | 3.21% | 1.17x | 1.71x | ₩-53.73 Billion |
| 2022 | 9.47% | 3.71% | 1.42x | 1.79x | ₩-8.73 Billion |
| 2023 | 17.40% | 6.93% | 1.50x | 1.68x | ₩142.66 Billion |
| 2024 | 16.02% | 7.41% | 1.34x | 1.61x | ₩138.38 Billion |
| 2025 | 12.18% | 5.93% | 1.31x | 1.57x | ₩55.58 Billion |
Industry Comparison
This section compares SL Corp's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $497,266,398,239
- Average return on equity (ROE) among peers: 4.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SL Corp (005850) | ₩2.65 Trillion | 12.79% | 0.51x | $2.38 Billion |
| Hankook Tire Worldwide (000240) | $962.98 Billion | 2.47% | 1.63x | $1.80 Billion |
| Daewonkangup (000430) | $598.01 Billion | 3.15% | 0.69x | $211.34 Million |
| SG Choongbang Co Ltd (001380) | $120.64 Billion | 0.00% | 2.35x | $45.86 Million |
| Tae Won Mulsan (001420) | $45.28 Billion | 38.58% | 0.18x | $11.83 Million |
| Dongkook Ind (001620) | $181.72 Billion | -18.59% | 2.02x | $182.52 Million |
| PS Tec. Co. Ltd (002230) | $129.92 Billion | 3.00% | 0.19x | $60.82 Million |
| Nexen Tire (002350) | $1.03 Trillion | 12.11% | 1.50x | $484.85 Million |
| Nexen Tire Prf 1 (002355) | $1.55 Trillion | -1.09% | 1.29x | $18.17 Million |
| Dayou A-Tech (002880) | $203.50 Billion | 0.00% | 3.17x | $25.61 Million |
| Yoo Sung Ent (002920) | $149.62 Billion | 8.63% | 0.38x | $30.80 Million |
About SL Corp
SL Corporation manufactures and sells automotive parts in South Korea, North America, China, India, Europe, South America, and internationally. The company offers lamp system products, such as head lamps, fog lamps, rear lamps, and center high mounted stop lamps; electrification modules, including auto and manual shifters, park brake levers, pedals, carrier spare tires, fuel filler caps, and tie … Read more