Ni Steel
N.I Steel Co., Ltd. produces and sells steel products in South Korea. The company offers ACT column, ACT pile, AU beam, HyFo beam, D column, and TH beam; D deck and N neck; curtain walls; and sheet piles. It is also involved in selling and renting of construction equipment, and construction industry. The company was formerly known as N.I TECH Co., Ltd and changed its name to N.I Steel Co., Ltd. i… Read more
Ni Steel (008260) - Net Assets
Latest net assets as of September 2025: ₩265.35 Billion KRW
Based on the latest financial reports, Ni Steel (008260) has net assets worth ₩265.35 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 (₩531.12 Billion) and total liabilities (₩265.77 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 | ₩265.35 Billion |
| % of Total Assets | 49.96% |
| Annual Growth Rate | 12.62% |
| 5-Year Change | 109.59% |
| 10-Year Change | 224.73% |
| Growth Volatility | 8.24 |
Ni Steel - Net Assets Trend (2013–2024)
This chart illustrates how Ni Steel's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ni Steel (2013–2024)
The table below shows the annual net assets of Ni Steel from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩254.52 Billion | +8.68% |
| 2023-12-31 | ₩234.19 Billion | +24.44% |
| 2022-12-31 | ₩188.20 Billion | +32.67% |
| 2021-12-31 | ₩141.85 Billion | +16.81% |
| 2020-12-31 | ₩121.44 Billion | +9.52% |
| 2019-12-31 | ₩110.88 Billion | +4.31% |
| 2018-12-31 | ₩106.30 Billion | +8.33% |
| 2017-12-31 | ₩98.12 Billion | +12.98% |
| 2016-12-31 | ₩86.85 Billion | +10.81% |
| 2015-12-31 | ₩78.38 Billion | +8.04% |
| 2014-12-31 | ₩72.55 Billion | +5.38% |
| 2013-12-31 | ₩68.84 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ni Steel'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 485.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩236.65 Billion | 92.98% |
| Other Components | ₩17.87 Billion | 7.02% |
| Total Equity | ₩254.52 Billion | 100.00% |
Ni Steel Competitors by Market Cap
The table below lists competitors of Ni Steel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DYO Boya Fabrikalari Sanayi ve Ticaret AS
IS:DYOBY
|
$27.16 Million |
|
Perdana Petroleum Bhd
KLSE:7108
|
$27.17 Million |
|
Lautan Luas Tbk
JK:LTLS
|
$27.18 Million |
|
N2Tech Co. Ltd
KQ:227950
|
$27.18 Million |
|
Chateau International Development Co Ltd
TW:2722
|
$27.15 Million |
|
SAURASHTRA CEM B ORD (BSE)
NSE:SAURASHCEM
|
$27.14 Million |
|
Ainsworth Game Technology Limited
PINK:AINSF
|
$27.14 Million |
|
KL-Net Corp
KQ:039420
|
$27.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ni Steel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 234,190,235,860 to 254,522,399,420, a change of 20,332,163,560 (8.7%).
- Net income of 25,722,065,610 contributed positively to equity growth.
- Dividend payments of 3,575,014,620 reduced retained earnings.
- Share repurchases of 1,451,970,790 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩25.72 Billion | +10.11% |
| Dividends Paid | ₩3.58 Billion | -1.4% |
| Share Repurchases | ₩1.45 Billion | -0.57% |
| Other Changes | ₩-362.92 Million | -0.14% |
| Total Change | ₩- | 8.68% |
Book Value vs Market Value Analysis
This analysis compares Ni Steel'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: 0.39x
- 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 1.02x to 0.39x 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 | ₩3451.82 | ₩3510.00 | x |
| 2018-12-31 | ₩3716.73 | ₩3510.00 | x |
| 2019-12-31 | ₩3877.07 | ₩3510.00 | x |
| 2020-12-31 | ₩4246.13 | ₩3510.00 | x |
| 2021-12-31 | ₩4959.88 | ₩3510.00 | x |
| 2022-12-31 | ₩6580.23 | ₩3510.00 | x |
| 2023-12-31 | ₩8188.44 | ₩3510.00 | x |
| 2024-12-31 | ₩9017.16 | ₩3510.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ni Steel 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): 10.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.34%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.86x
- Recent ROE (10.11%) is below the historical average (12.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 10.82% | 6.14% | 0.79x | 2.24x | ₩564.42 Million |
| 2014 | 7.31% | 4.19% | 0.75x | 2.33x | ₩-1.95 Billion |
| 2015 | 9.06% | 5.99% | 0.67x | 2.25x | ₩-738.12 Million |
| 2016 | 11.77% | 8.94% | 0.55x | 2.39x | ₩1.54 Billion |
| 2017 | 11.19% | 7.29% | 0.60x | 2.56x | ₩1.16 Billion |
| 2018 | 9.60% | 6.77% | 0.62x | 2.29x | ₩-425.40 Million |
| 2019 | 5.79% | 4.33% | 0.57x | 2.33x | ₩-4.67 Billion |
| 2020 | 9.99% | 6.30% | 0.67x | 2.37x | ₩-10.44 Million |
| 2021 | 15.55% | 8.89% | 0.73x | 2.40x | ₩7.87 Billion |
| 2022 | 25.92% | 13.73% | 0.89x | 2.11x | ₩29.97 Billion |
| 2023 | 21.44% | 13.11% | 0.85x | 1.91x | ₩26.79 Billion |
| 2024 | 10.11% | 9.34% | 0.58x | 1.86x | ₩269.83 Million |
Industry Comparison
This section compares Ni Steel's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $961,724,627,619
- Average return on equity (ROE) among peers: 4.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ni Steel (008260) | ₩265.35 Billion | 10.82% | 1.00x | $27.16 Million |
| Korea Cast Pip (000970) | $208.70 Billion | 2.82% | 0.40x | $54.93 Million |
| Manho Rope&Wir (001080) | $249.99 Billion | 1.17% | 0.10x | $6.38 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $2.03 Trillion | -14.66% | 1.82x | $74.34 Million |
| SeAH Bestee (001430) | $2.04 Trillion | 6.29% | 0.80x | $634.28 Million |
| Hanil Iron & S (002220) | $132.60 Billion | 0.00% | 0.47x | $27.57 Million |
| Kis Wire (002240) | $452.09 Billion | 8.63% | 0.53x | $130.32 Million |
| Dong Il Steel MFG Co Ltd (002690) | $129.80 Billion | 0.23% | 0.14x | $7.05 Million |
| Tcc Steel (002710) | $141.62 Billion | 5.11% | 1.26x | $167.65 Million |
| Seah Steel Corp (003030) | $601.59 Billion | 19.65% | 1.47x | $168.76 Million |
| Hyundai Steel (004020) | $3.63 Trillion | 12.98% | 1.05x | $2.03 Billion |