Myoung Shin Industrial Co Ltd (009900) - Net Assets
Based on the latest financial reports, Myoung Shin Industrial Co Ltd (009900) has net assets worth ₩738.32 Billion KRW (≈ $500.35 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 (₩1.37 Trillion ≈ $925.33 Million USD) and total liabilities (₩627.11 Billion ≈ $424.98 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 Myoung Shin Industrial Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩738.32 Billion |
| % of Total Assets | 54.07% |
| Annual Growth Rate | 30.44% |
| 5-Year Change | 278.97% |
| 10-Year Change | N/A |
| Growth Volatility | 48.63 |
Myoung Shin Industrial Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Myoung Shin Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Myoung Shin Industrial Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Myoung Shin Industrial Co Ltd (2016–2024)
The table below shows the annual net assets of Myoung Shin Industrial Co Ltd from 2016 to 2024. For live valuation and market cap data, see 009900 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩697.48 Billion ≈ $472.67 Million |
+30.33% |
| 2023-12-31 | ₩535.16 Billion ≈ $362.67 Million |
+39.44% |
| 2022-12-31 | ₩383.80 Billion ≈ $260.10 Million |
+29.19% |
| 2021-12-31 | ₩297.09 Billion ≈ $201.33 Million |
+61.42% |
| 2020-12-31 | ₩184.05 Billion ≈ $124.73 Million |
+131.69% |
| 2019-12-31 | ₩79.44 Billion ≈ $53.83 Million |
+71.63% |
| 2018-12-31 | ₩46.28 Billion ≈ $31.37 Million |
-48.29% |
| 2017-12-31 | ₩89.51 Billion ≈ $60.66 Million |
+7.56% |
| 2016-12-31 | ₩83.22 Billion ≈ $56.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Myoung Shin Industrial Co Ltd'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 1399.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩501.55 Billion | 71.91% |
| Other Components | ₩195.93 Billion | 28.09% |
| Total Equity | ₩697.48 Billion | 100.00% |
Myoung Shin Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Myoung Shin Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
B+S GROUP SA INH EO-06
F:70B
|
$473.04 Million |
|
Joy Kie Corporation Limited.
SHE:300994
|
$473.08 Million |
|
Shenzhen Fluence Technology PLC
SHE:300647
|
$473.13 Million |
|
Cre8 Direct Ningbo Co Ltd
SHE:300703
|
$473.30 Million |
|
Nexity
PA:NXI
|
$472.87 Million |
|
Lionco Pharm Grp Co Ltd
SHG:603669
|
$472.82 Million |
|
San Fu Chemical Co Ltd
TW:4755
|
$472.75 Million |
|
Argosy Research
TWO:3217
|
$472.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Myoung Shin Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 535,155,557,090 to 697,476,492,860, a change of 162,320,935,770 (30.3%).
- Net income of 129,093,643,410 contributed positively to equity growth.
- Dividend payments of 5,247,013,300 reduced retained earnings.
- Other factors increased equity by 38,474,305,660.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩129.09 Billion | +18.51% |
| Dividends Paid | ₩5.25 Billion | -0.75% |
| Other Changes | ₩38.47 Billion | +5.52% |
| Total Change | ₩- | 30.33% |
Book Value vs Market Value Analysis
This analysis compares Myoung Shin Industrial Co Ltd'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: 1.00x
- 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 6.06x to 1.00x 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 | ₩2195.02 | ₩13300.00 | x |
| 2018-12-31 | ₩1135.01 | ₩13300.00 | x |
| 2019-12-31 | ₩1948.01 | ₩13300.00 | x |
| 2020-12-31 | ₩4513.26 | ₩13300.00 | x |
| 2021-12-31 | ₩5662.09 | ₩13300.00 | x |
| 2022-12-31 | ₩7314.63 | ₩13300.00 | x |
| 2023-12-31 | ₩10199.24 | ₩13300.00 | x |
| 2024-12-31 | ₩13292.83 | ₩13300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Myoung Shin Industrial Co Ltd 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): 18.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.20%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 1.74x
- Recent ROE (18.51%) is above the historical average (9.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.66% | 1.64% | 0.84x | 2.67x | ₩-5.27 Billion |
| 2017 | -2.12% | -1.65% | 0.50x | 2.59x | ₩-10.85 Billion |
| 2018 | 7.43% | 1.00% | 1.21x | 6.15x | ₩-1.19 Billion |
| 2019 | 42.60% | 4.36% | 2.12x | 4.60x | ₩25.90 Billion |
| 2020 | -48.24% | -10.97% | 1.70x | 2.59x | ₩-107.19 Billion |
| 2021 | 15.26% | 4.09% | 1.54x | 2.42x | ₩15.63 Billion |
| 2022 | 22.33% | 5.66% | 1.63x | 2.42x | ₩47.33 Billion |
| 2023 | 28.52% | 8.78% | 1.66x | 1.95x | ₩99.14 Billion |
| 2024 | 18.51% | 8.20% | 1.30x | 1.74x | ₩59.35 Billion |
Industry Comparison
This section compares Myoung Shin Industrial Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $565,000,713,308
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Myoung Shin Industrial Co Ltd (009900) | ₩738.32 Billion | 3.66% | 0.85x | $472.92 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $1.60 Billion |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $183.40 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $33.46 Million |
| Tae Won Mulsan (001420) | $32.20 Billion | 1.67% | 0.19x | $15.16 Million |
| Dongkook Ind (001620) | $170.07 Billion | -12.97% | 2.34x | $48.42 Million |
| PS Tec. Co. Ltd (002230) | $42.65 Billion | 9.95% | 0.26x | $112.51 Million |
| Nexen Tire (002350) | $1.60 Trillion | 0.30% | 1.39x | $484.20 Million |
| Nexen Tire Prf 1 (002355) | $1.56 Trillion | 7.59% | 1.21x | $19.07 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $31.63 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $33.27 Million |
About Myoung Shin Industrial Co Ltd
Myoung Shin Industrial Co.,Ltd, together with its subsidiaries, engages in the manufacture and sale of automobile body parts in South Korea. The company was founded in 1982 and is headquartered in Gyeongju-si, South Korea.