Kumbi Corporation
Kumbi Corporation manufactures and sells glass bottles, bottle caps, cosmetics, and plastic products in South Korea. The company was formerly known as Jin Ro Glass Co., Ltd. and changed its name to Kumbi Corporation in April 1992. Kumbi Corporation was founded in 1973 and is headquartered in Icheon-si, South Korea.
Kumbi Corporation (008870) - Net Assets
Latest net assets as of June 2025: ₩124.99 Billion KRW
Based on the latest financial reports, Kumbi Corporation (008870) has net assets worth ₩124.99 Billion KRW as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩283.31 Billion) and total liabilities (₩158.32 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 | ₩124.99 Billion |
| % of Total Assets | 44.12% |
| Annual Growth Rate | 5.12% |
| 5-Year Change | -20.67% |
| 10-Year Change | -10.09% |
| Growth Volatility | 31.57 |
Kumbi Corporation - Net Assets Trend (2000–2024)
This chart illustrates how Kumbi Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kumbi Corporation (2000–2024)
The table below shows the annual net assets of Kumbi Corporation from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | ₩124.91 Billion | +1.69% |
| 2023-09-30 | ₩122.82 Billion | -8.06% |
| 2022-09-30 | ₩133.59 Billion | -17.47% |
| 2021-09-30 | ₩161.87 Billion | +2.81% |
| 2020-09-30 | ₩157.45 Billion | -3.73% |
| 2019-09-30 | ₩163.54 Billion | +4.67% |
| 2018-09-30 | ₩156.25 Billion | +4.15% |
| 2017-09-30 | ₩150.02 Billion | +2.28% |
| 2016-09-30 | ₩146.68 Billion | +5.58% |
| 2015-09-30 | ₩138.92 Billion | +6.51% |
| 2014-09-30 | ₩130.43 Billion | +1.95% |
| 2013-09-30 | ₩127.93 Billion | +0.28% |
| 2012-09-30 | ₩127.57 Billion | +1.95% |
| 2011-09-30 | ₩125.13 Billion | +128.15% |
| 2002-09-30 | ₩54.84 Billion | +19.69% |
| 2001-09-30 | ₩45.82 Billion | +21.55% |
| 2000-09-30 | ₩37.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kumbi Corporation'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 6965003910000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩69.65 Billion | 85.46% |
| Other Components | ₩11.85 Billion | 14.54% |
| Total Equity | ₩81.50 Billion | 100.00% |
Kumbi Corporation Competitors by Market Cap
The table below lists competitors of Kumbi Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Andira Agro Tbk PT
JK:ANDI
|
$5.66 Million |
|
Alara Resources Ltd
AU:AUQ
|
$5.66 Million |
|
Solusi Bangun Indonesia Tbk PT
JK:SMCB
|
$5.66 Million |
|
Crescent NV
BR:OPTI
|
$5.66 Million |
|
King's Bay Resources Corp
PINK:KBGCF
|
$5.65 Million |
|
BetterLife Pharma Inc
OTCQB:BETRF
|
$5.65 Million |
|
Plata Latina Minerals Corporation
PINK:PLLMF
|
$5.65 Million |
|
Sahakol Equipment Public Company Limited
BK:SQ
|
$5.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kumbi Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 80,068,294,940 to 81,497,778,950, a change of 1,429,484,010 (1.8%).
- Net income of 3,587,900,390 contributed positively to equity growth.
- Dividend payments of 3,314,449,390 reduced retained earnings.
- Other factors increased equity by 1,156,033,010.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.59 Billion | +4.4% |
| Dividends Paid | ₩3.31 Billion | -4.07% |
| Other Changes | ₩1.16 Billion | +1.42% |
| Total Change | ₩- | 1.79% |
Book Value vs Market Value Analysis
This analysis compares Kumbi Corporation'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: 0.45x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | ₩115604.14 | ₩45150.00 | x |
| 2018-09-30 | ₩121722.47 | ₩45150.00 | x |
| 2019-09-30 | ₩127890.94 | ₩45150.00 | x |
| 2020-09-30 | ₩123047.76 | ₩45150.00 | x |
| 2021-09-30 | ₩129155.67 | ₩45150.00 | x |
| 2022-09-30 | ₩106870.62 | ₩45150.00 | x |
| 2023-09-30 | ₩97823.21 | ₩45150.00 | x |
| 2024-09-30 | ₩99569.67 | ₩45150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kumbi Corporation 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): 4.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.38%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 3.47x
- Recent ROE (4.40%) is below the historical average (4.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 16.93% | 5.99% | 0.38x | 7.38x | ₩1.89 Billion |
| 2001 | 24.17% | 8.78% | 0.46x | 5.95x | ₩4.82 Billion |
| 2002 | 21.66% | 8.92% | 0.49x | 4.98x | ₩4.93 Billion |
| 2011 | 5.16% | 2.33% | 0.88x | 2.52x | ₩-3.99 Billion |
| 2012 | 0.60% | 0.27% | 0.82x | 2.74x | ₩-7.40 Billion |
| 2013 | 0.51% | 0.23% | 0.83x | 2.67x | ₩-7.45 Billion |
| 2014 | 0.99% | 0.44% | 0.80x | 2.79x | ₩-7.12 Billion |
| 2015 | 5.80% | 2.58% | 0.82x | 2.75x | ₩-3.55 Billion |
| 2016 | 10.45% | 4.74% | 0.80x | 2.76x | ₩409.89 Million |
| 2017 | 3.76% | 1.90% | 0.75x | 2.64x | ₩-5.84 Billion |
| 2018 | 6.97% | 3.49% | 0.78x | 2.57x | ₩-2.98 Billion |
| 2019 | 6.32% | 3.25% | 0.77x | 2.51x | ₩-3.81 Billion |
| 2020 | -3.47% | -1.58% | 0.66x | 3.35x | ₩-13.41 Billion |
| 2021 | 3.53% | 1.62% | 0.68x | 3.23x | ₩-6.76 Billion |
| 2022 | -15.29% | -5.63% | 0.76x | 3.55x | ₩-21.88 Billion |
| 2023 | -8.47% | -2.70% | 0.85x | 3.70x | ₩-14.79 Billion |
| 2024 | 4.40% | 1.38% | 0.92x | 3.47x | ₩-4.56 Billion |
Industry Comparison
This section compares Kumbi Corporation's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $135,924,928,665
- Average return on equity (ROE) among peers: 8.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kumbi Corporation (008870) | ₩124.99 Billion | 16.93% | 1.27x | $5.65 Million |
| Shin Hwa Silup (001770) | $51.46 Billion | 21.03% | 0.72x | $7.22 Million |
| Export Packing (002200) | $216.92 Billion | -2.43% | 0.38x | $37.81 Million |
| Shin Poong Pap (002870) | $52.23 Billion | 16.72% | 2.20x | $13.09 Million |
| Sam Young Chem (003720) | $52.10 Billion | 5.19% | 1.61x | $118.93 Million |
| NPC Co. Ltd (004250) | $45.33 Billion | 10.07% | 0.26x | $36.66 Million |
| National Plastic Co Ltd Preferred (004255) | $261.01 Billion | 4.54% | 0.51x | $21.26 Million |
| Samhwa Crown (004450) | $115.04 Billion | 6.86% | 0.24x | $6.79 Million |
| Daeryuk Can Co. Ltd (004780) | $100.06 Billion | 9.61% | 0.54x | $19.33 Million |
| Wonlim Corp. (005820) | $143.93 Billion | 5.00% | 0.18x | $7.14 Million |
| Youlchon Chem (008730) | $321.19 Billion | 6.51% | 0.64x | $182.52 Million |