Ni Steel (008260) - Net Assets
Based on the latest financial reports, Ni Steel (008260) has net assets worth ₩270.33 Billion KRW (≈ $183.20 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩515.94 Billion ≈ $349.64 Million USD) and total liabilities (₩245.61 Billion ≈ $166.45 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 008260 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩270.33 Billion |
| % of Total Assets | 52.4% |
| Annual Growth Rate | 12.07% |
| 5-Year Change | 90.57% |
| 10-Year Change | 211.24% |
| Growth Volatility | 8.11 |
Ni Steel - Net Assets Trend (2013–2025)
This chart illustrates how Ni Steel's net assets have evolved over time, based on quarterly financial data. See 008260 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ni Steel (2013–2025)
The table below shows the annual net assets of Ni Steel from 2013 to 2025. For live valuation and market cap data, see 008260 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩270.33 Billion ≈ $183.20 Million |
+6.21% |
| 2024-12-31 | ₩254.52 Billion ≈ $172.49 Million |
+8.68% |
| 2023-12-31 | ₩234.19 Billion ≈ $158.71 Million |
+24.44% |
| 2022-12-31 | ₩188.20 Billion ≈ $127.54 Million |
+32.67% |
| 2021-12-31 | ₩141.85 Billion ≈ $96.13 Million |
+16.81% |
| 2020-12-31 | ₩121.44 Billion ≈ $82.30 Million |
+9.52% |
| 2019-12-31 | ₩110.88 Billion ≈ $75.14 Million |
+4.31% |
| 2018-12-31 | ₩106.30 Billion ≈ $72.04 Million |
+8.33% |
| 2017-12-31 | ₩98.12 Billion ≈ $66.50 Million |
+12.98% |
| 2016-12-31 | ₩86.85 Billion ≈ $58.86 Million |
+10.81% |
| 2015-12-31 | ₩78.38 Billion ≈ $53.12 Million |
+8.04% |
| 2014-12-31 | ₩72.55 Billion ≈ $49.16 Million |
+5.38% |
| 2013-12-31 | ₩68.84 Billion ≈ $46.65 Million |
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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 525.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩252.80 Billion | 93.52% |
| Other Components | ₩17.53 Billion | 6.48% |
| Total Equity | ₩270.33 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 |
|---|---|
|
LiveOne Inc
NASDAQ:LVO
|
$60.09 Million |
|
Lion Finance Group PLC
LSE:BGEO
|
$60.12 Million |
|
Ckd Bio
KO:063160
|
$60.12 Million |
|
Bound and Beyond PCL
BK:BEYOND-R
|
$60.12 Million |
|
Quantum X Labs Inc.
NASDAQ:QXL
|
$60.01 Million |
|
Safety Shot Inc
NASDAQ:SHOT
|
$60.00 Million |
|
Vince Holding Corp. Common Stock
NASDAQ:VNCE
|
$60.00 Million |
|
JKG Land Bhd
KLSE:6769
|
$59.97 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 2024 to 2025, total equity changed from 254,522,399,420 to 270,328,274,370, a change of 15,805,874,950 (6.2%).
- Net income of 18,971,462,990 contributed positively to equity growth.
- Dividend payments of 2,822,646,100 reduced retained earnings.
- Share repurchases of 137,294,790 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩18.97 Billion | +7.02% |
| Dividends Paid | ₩2.82 Billion | -1.04% |
| Share Repurchases | ₩137.29 Million | -0.05% |
| Other Changes | ₩-205.65 Million | -0.08% |
| Total Change | ₩- | 6.21% |
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: 0.33x
- 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 0.91x to 0.33x 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 | ₩3145.00 | x |
| 2018-12-31 | ₩3716.73 | ₩3145.00 | x |
| 2019-12-31 | ₩3877.07 | ₩3145.00 | x |
| 2020-12-31 | ₩4246.13 | ₩3145.00 | x |
| 2021-12-31 | ₩4959.88 | ₩3145.00 | x |
| 2022-12-31 | ₩6580.23 | ₩3145.00 | x |
| 2023-12-31 | ₩8188.44 | ₩3145.00 | x |
| 2024-12-31 | ₩9017.16 | ₩3145.00 | x |
| 2025-12-31 | ₩9590.43 | ₩3145.00 | 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): 7.02%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.65%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.91x
- Recent ROE (7.02%) is below the historical average (11.97%), 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 |
| 2025 | 7.02% | 7.65% | 0.48x | 1.91x | ₩-8.06 Billion |
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: $985,643,788,632
- Average return on equity (ROE) among peers: 3.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ni Steel (008260) | ₩270.33 Billion | 10.82% | 0.91x | $60.08 Million |
| Korea Cast Pip (000970) | $284.38 Billion | 3.88% | 0.26x | $99.42 Million |
| Manho Rope&Wir (001080) | $224.45 Billion | 3.15% | 0.21x | $9.91 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $2.83 Trillion | 0.00% | 2.29x | $44.05 Million |
| SeAH Bestee (001430) | $2.04 Trillion | 6.29% | 0.80x | $1.12 Billion |
| Kisco Holdings (001940) | $1.56 Trillion | 2.08% | 0.10x | $206.44 Million |
| Hanil Iron & S (002220) | $163.04 Billion | -2.61% | 0.93x | $84.01 Million |
| Kis Wire (002240) | $1.46 Trillion | 0.58% | 0.54x | $361.89 Million |
| Dong Il Steel MFG Co Ltd (002690) | $157.68 Billion | 2.12% | 0.14x | $18.26 Million |
| Tcc Steel (002710) | $125.53 Billion | 6.95% | 1.25x | $240.36 Million |
| Seah Steel Corp (003030) | $1.00 Trillion | 9.61% | 1.02x | $388.82 Million |
About 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