S-Oil Corp (010950) - Net Assets
Based on the latest financial reports, S-Oil Corp (010950) has net assets worth ₩8.89 Trillion KRW (≈ $6.02 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 (₩26.56 Trillion ≈ $18.00 Billion USD) and total liabilities (₩17.67 Trillion ≈ $11.97 Billion 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 010950 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩8.89 Trillion |
| % of Total Assets | 33.47% |
| Annual Growth Rate | 7.83% |
| 5-Year Change | 27.18% |
| 10-Year Change | 39.05% |
| Growth Volatility | 18.07 |
S-Oil Corp - Net Assets Trend (2000–2025)
This chart illustrates how S-Oil Corp's net assets have evolved over time, based on quarterly financial data. See how many days can S-Oil Corp fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for S-Oil Corp (2000–2025)
The table below shows the annual net assets of S-Oil Corp from 2000 to 2025. For live valuation and market cap data, see S-Oil Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩8.89 Trillion ≈ $6.02 Billion |
+2.21% |
| 2024-12-31 | ₩8.70 Trillion ≈ $5.89 Billion |
-3.78% |
| 2023-12-31 | ₩9.04 Trillion ≈ $6.12 Billion |
+6.53% |
| 2022-12-31 | ₩8.48 Trillion ≈ $5.75 Billion |
+21.40% |
| 2021-12-31 | ₩6.99 Trillion ≈ $4.74 Billion |
+22.98% |
| 2020-12-31 | ₩5.68 Trillion ≈ $3.85 Billion |
-12.53% |
| 2019-12-31 | ₩6.50 Trillion ≈ $4.40 Billion |
+0.42% |
| 2018-12-31 | ₩6.47 Trillion ≈ $4.38 Billion |
-5.46% |
| 2017-12-31 | ₩6.84 Trillion ≈ $4.64 Billion |
+7.06% |
| 2016-12-31 | ₩6.39 Trillion ≈ $4.33 Billion |
+18.58% |
| 2015-12-31 | ₩5.39 Trillion ≈ $3.65 Billion |
+9.80% |
| 2014-12-31 | ₩4.91 Trillion ≈ $3.33 Billion |
-8.31% |
| 2013-12-31 | ₩5.35 Trillion ≈ $3.63 Billion |
-0.41% |
| 2012-12-31 | ₩5.38 Trillion ≈ $3.64 Billion |
+2.88% |
| 2011-12-31 | ₩5.23 Trillion ≈ $3.54 Billion |
+14.88% |
| 2010-12-31 | ₩4.55 Trillion ≈ $3.08 Billion |
+15.32% |
| 2009-12-31 | ₩3.94 Trillion ≈ $2.67 Billion |
+15.60% |
| 2008-12-31 | ₩3.41 Trillion ≈ $2.31 Billion |
-13.99% |
| 2007-12-31 | ₩3.97 Trillion ≈ $2.69 Billion |
+69.76% |
| 2006-12-31 | ₩2.34 Trillion ≈ $1.58 Billion |
-9.04% |
| 2005-12-31 | ₩2.57 Trillion ≈ $1.74 Billion |
+5.40% |
| 2004-12-31 | ₩2.44 Trillion ≈ $1.65 Billion |
+47.84% |
| 2003-12-31 | ₩1.65 Trillion ≈ $1.12 Billion |
+16.66% |
| 2002-12-31 | ₩1.41 Trillion ≈ $957.70 Million |
+2.42% |
| 2001-12-31 | ₩1.38 Trillion ≈ $935.05 Million |
+2.25% |
| 2000-12-31 | ₩1.35 Trillion ≈ $914.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to S-Oil 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 722156400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩7.22 Trillion | 81.26% |
| Other Components | ₩1.67 Trillion | 18.74% |
| Total Equity | ₩8.89 Trillion | 100.00% |
S-Oil Corp Competitors by Market Cap
The table below lists competitors of S-Oil Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupo Cibest S.A.
NYSE:CIB
|
$8.72 Billion |
|
Aurora Innovation Inc
NASDAQ:AUR
|
$8.73 Billion |
|
Grupo Aeroportuario del Sureste SAB de CV ADR
NYSE:ASR
|
$8.73 Billion |
|
Owens Corning Inc
NYSE:OC
|
$8.73 Billion |
|
Argan Inc
NYSE:AGX
|
$8.69 Billion |
|
Aurobindo Pharma Limited
NSE:AUROPHARMA
|
$8.69 Billion |
|
Sunoco LP
NYSE:SUN
|
$8.68 Billion |
|
Frontline Ltd
OL:FRO
|
$8.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S-Oil Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,695,647,000,000 to 8,887,401,000,000, a change of 191,754,000,000 (2.2%).
- Net income of 176,952,000,000 contributed positively to equity growth.
- Dividend payments of 97,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩176.95 Billion | +1.99% |
| Dividends Paid | ₩97.00 Million | -0.0% |
| Other Changes | ₩14.90 Billion | +0.17% |
| Total Change | ₩- | 2.21% |
Book Value vs Market Value Analysis
This analysis compares S-Oil 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: 1.45x
- 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 1.88x to 1.45x 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 | ₩60778.56 | ₩114100.00 | x |
| 2018-12-31 | ₩57462.01 | ₩114100.00 | x |
| 2019-12-31 | ₩57705.32 | ₩114100.00 | x |
| 2020-12-31 | ₩50473.76 | ₩114100.00 | x |
| 2021-12-31 | ₩62070.25 | ₩114100.00 | x |
| 2022-12-31 | ₩75353.16 | ₩114100.00 | x |
| 2023-12-31 | ₩80274.83 | ₩114100.00 | x |
| 2024-12-31 | ₩77237.80 | ₩114100.00 | x |
| 2025-12-31 | ₩78941.03 | ₩114100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S-Oil 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): 1.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.52%
- • Asset Turnover: 1.29x
- • Equity Multiplier: 2.99x
- Recent ROE (1.99%) is below the historical average (11.55%), 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 | 0.31% | 0.05% | 1.49x | 4.04x | ₩-130.76 Billion |
| 2001 | 1.37% | 0.24% | 1.53x | 3.76x | ₩-119.10 Billion |
| 2002 | 13.10% | 2.49% | 1.47x | 3.58x | ₩43.78 Billion |
| 2003 | 15.29% | 3.12% | 1.67x | 2.93x | ₩87.18 Billion |
| 2004 | 36.85% | 8.29% | 1.92x | 2.31x | ₩654.50 Billion |
| 2005 | 24.33% | 5.03% | 2.03x | 2.38x | ₩368.18 Billion |
| 2006 | 30.98% | 4.89% | 2.22x | 2.85x | ₩490.32 Billion |
| 2007 | 18.14% | 4.73% | 1.61x | 2.38x | ₩322.70 Billion |
| 2008 | 12.71% | 1.87% | 3.00x | 2.27x | ₩92.01 Billion |
| 2009 | 5.66% | 1.26% | 1.93x | 2.32x | ₩-169.98 Billion |
| 2010 | 15.07% | 3.30% | 2.06x | 2.22x | ₩229.45 Billion |
| 2011 | 22.04% | 3.61% | 2.42x | 2.53x | ₩629.09 Billion |
| 2012 | 10.52% | 1.63% | 2.78x | 2.32x | ₩28.17 Billion |
| 2013 | 5.23% | 0.90% | 2.61x | 2.23x | ₩-255.40 Billion |
| 2014 | -5.86% | -1.01% | 2.78x | 2.09x | ₩-778.73 Billion |
| 2015 | 11.73% | 3.53% | 1.66x | 2.01x | ₩93.34 Billion |
| 2016 | 18.86% | 7.38% | 1.17x | 2.18x | ₩566.21 Billion |
| 2017 | 18.22% | 5.97% | 1.38x | 2.20x | ₩562.23 Billion |
| 2018 | 3.99% | 1.01% | 1.60x | 2.47x | ₩-388.89 Billion |
| 2019 | 1.01% | 0.27% | 1.49x | 2.51x | ₩-584.23 Billion |
| 2020 | -14.01% | -4.73% | 1.07x | 2.76x | ₩-1.36 Trillion |
| 2021 | 19.73% | 5.02% | 1.47x | 2.68x | ₩679.74 Billion |
| 2022 | 24.81% | 4.96% | 2.16x | 2.31x | ₩1.26 Trillion |
| 2023 | 10.50% | 2.66% | 1.66x | 2.39x | ₩45.09 Billion |
| 2024 | -2.22% | -0.53% | 1.50x | 2.81x | ₩-1.06 Trillion |
| 2025 | 1.99% | 0.52% | 1.29x | 2.99x | ₩-711.79 Billion |
Industry Comparison
This section compares S-Oil Corp's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $3,607,485,788,816
- Average return on equity (ROE) among peers: 8.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S-Oil Corp (010950) | ₩8.89 Trillion | 0.31% | 1.99x | $8.71 Billion |
| Hankook Shell Oil (002960) | $126.15 Billion | 29.63% | 0.49x | $439.61 Million |
| Mi Chang Oil (003650) | $167.97 Billion | 14.69% | 0.21x | $129.19 Million |
| SK Discovery Co Ltd (006120) | $1.78 Trillion | -1.73% | 1.73x | $549.20 Million |
| SK Discovery Co Ltd (006125) | $2.32 Trillion | 7.76% | 1.15x | $33.15 Million |
| S-Oil Corp Pref (010955) | $6.39 Trillion | 18.86% | 1.18x | $150.59 Million |
| The LEADCORP Inc (012700) | $39.15 Billion | 0.00% | 1.20x | $50.73 Million |
| E1 Corporation (017940) | $1.37 Trillion | 9.59% | 1.91x | $343.24 Million |
| Sk Gas (018670) | $629.16 Billion | 0.00% | 1.96x | $1.41 Billion |
| SK Innovation (096770) | $19.63 Trillion | 1.55% | 1.52x | $12.66 Billion |
About S-Oil Corp
S-Oil Corporation, together with its subsidiaries, manufactures and sells oil refining, lube, and petrochemical products in South Korea. The company offers butane, propane, naphtha, benzene, toluene, xylene, para-xylene, jet fuel, diesel, kerosene, gasoline, propylene, asphalt, polypropylene, and propylene oxide. It also provides lube base oil and petro-chemical products; refined crude oil produc… Read more