Shinsung E&G Co. Ltd (011930) - Net Assets
Based on the latest financial reports, Shinsung E&G Co. Ltd (011930) has net assets worth ₩255.31 Billion KRW (≈ $173.02 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 (₩619.79 Billion ≈ $420.02 Million USD) and total liabilities (₩364.48 Billion ≈ $247.00 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 011930 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩255.31 Billion |
| % of Total Assets | 41.19% |
| Annual Growth Rate | 6.02% |
| 5-Year Change | 24.07% |
| 10-Year Change | 282.64% |
| Growth Volatility | 35.66 |
Shinsung E&G Co. Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Shinsung E&G Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 011930 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shinsung E&G Co. Ltd (2000–2024)
The table below shows the annual net assets of Shinsung E&G Co. Ltd from 2000 to 2024. For live valuation and market cap data, see Shinsung E&G Co. Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩237.55 Billion ≈ $160.98 Million |
-2.08% |
| 2023-12-31 | ₩242.60 Billion ≈ $164.41 Million |
+14.88% |
| 2022-12-31 | ₩211.17 Billion ≈ $143.11 Million |
+1.51% |
| 2021-12-31 | ₩208.04 Billion ≈ $140.98 Million |
+8.66% |
| 2020-12-31 | ₩191.47 Billion ≈ $129.75 Million |
+56.71% |
| 2019-12-31 | ₩122.18 Billion ≈ $82.80 Million |
+7.09% |
| 2018-12-31 | ₩114.08 Billion ≈ $77.31 Million |
+39.45% |
| 2017-12-31 | ₩81.81 Billion ≈ $55.44 Million |
-33.09% |
| 2016-12-31 | ₩122.27 Billion ≈ $82.86 Million |
+96.96% |
| 2015-12-31 | ₩62.08 Billion ≈ $42.07 Million |
+28.47% |
| 2011-12-31 | ₩48.32 Billion ≈ $32.75 Million |
-75.79% |
| 2010-12-31 | ₩199.59 Billion ≈ $135.26 Million |
+62.74% |
| 2009-12-31 | ₩122.65 Billion ≈ $83.12 Million |
+32.23% |
| 2007-12-31 | ₩92.75 Billion ≈ $62.86 Million |
-2.88% |
| 2006-12-31 | ₩95.50 Billion ≈ $64.72 Million |
+4.81% |
| 2005-12-31 | ₩91.12 Billion ≈ $61.75 Million |
+12.36% |
| 2004-12-31 | ₩81.10 Billion ≈ $54.96 Million |
+7.57% |
| 2003-12-31 | ₩75.39 Billion ≈ $51.09 Million |
+10.39% |
| 2002-12-31 | ₩68.29 Billion ≈ $46.28 Million |
+44.06% |
| 2001-12-31 | ₩47.41 Billion ≈ $32.13 Million |
-18.81% |
| 2000-12-31 | ₩58.39 Billion ≈ $39.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shinsung E&G 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 5451938179000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩54.52 Billion | 22.89% |
| Other Components | ₩183.67 Billion | 77.11% |
| Total Equity | ₩238.19 Billion | 100.00% |
Shinsung E&G Co. Ltd Competitors by Market Cap
The table below lists competitors of Shinsung E&G Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
7 Eleven Malaysia Holdings Bhd
KLSE:5250
|
$551.33 Million |
|
Yingkou Fengguang Advanced Material Co.Ltd.
SHE:301100
|
$551.38 Million |
|
SUNIC SYSTEM Co. Ltd
KQ:171090
|
$551.51 Million |
|
SNT Motiv Co Ltd
KO:064960
|
$551.60 Million |
|
Surfilter Network Technology Co Ltd
SHE:300311
|
$551.02 Million |
|
Eagle Point Credit Company Inc.
NYSE:ECC
|
$550.97 Million |
|
Svolder AB (publ)
ST:SVOL-B
|
$550.92 Million |
|
Echo Investment SA
WAR:ECH
|
$550.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinsung E&G Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 243,303,554,420 to 238,185,000,410, a change of -5,118,554,010 (-2.1%).
- Net loss of 14,083,077,300 reduced equity.
- Other factors increased equity by 8,964,523,290.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-14.08 Billion | -5.91% |
| Other Changes | ₩8.96 Billion | +3.76% |
| Total Change | ₩- | -2.10% |
Book Value vs Market Value Analysis
This analysis compares Shinsung E&G 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: 3.41x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.97x to 3.41x 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 | ₩668.79 | ₩3995.00 | x |
| 2018-12-31 | ₩798.33 | ₩3995.00 | x |
| 2019-12-31 | ₩834.71 | ₩3995.00 | x |
| 2020-12-31 | ₩960.89 | ₩3995.00 | x |
| 2021-12-31 | ₩1029.98 | ₩3995.00 | x |
| 2022-12-31 | ₩1036.23 | ₩3995.00 | x |
| 2023-12-31 | ₩1195.21 | ₩3995.00 | x |
| 2024-12-31 | ₩1170.06 | ₩3995.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinsung E&G 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): -5.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.42%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.54x
- Recent ROE (-5.91%) is below the historical average (2.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.14% | 2.57% | 0.79x | 2.04x | ₩-4.00 Billion |
| 2003 | 13.66% | 5.78% | 1.12x | 2.12x | ₩2.76 Billion |
| 2004 | 4.37% | 1.26% | 1.84x | 1.88x | ₩-4.57 Billion |
| 2005 | 11.33% | 3.34% | 1.53x | 2.23x | ₩1.21 Billion |
| 2006 | 6.19% | 2.02% | 1.49x | 2.06x | ₩-3.63 Billion |
| 2007 | 7.27% | 2.70% | 1.28x | 2.11x | ₩-2.50 Billion |
| 2010 | 13.11% | 3.36% | 1.02x | 3.81x | ₩4.62 Billion |
| 2011 | 18.82% | 3.84% | 1.89x | 2.59x | ₩4.16 Billion |
| 2015 | 3.36% | 1.22% | 0.53x | 5.14x | ₩-4.12 Billion |
| 2016 | 2.66% | 1.50% | 0.31x | 5.68x | ₩-8.97 Billion |
| 2017 | -47.78% | -3.95% | 1.45x | 8.34x | ₩-47.31 Billion |
| 2018 | 9.38% | 2.52% | 1.03x | 3.62x | ₩-712.13 Million |
| 2019 | 1.71% | 0.46% | 1.08x | 3.41x | ₩-10.13 Billion |
| 2020 | -7.18% | -2.85% | 1.14x | 2.21x | ₩-32.88 Billion |
| 2021 | -7.65% | -3.50% | 0.95x | 2.29x | ₩-36.69 Billion |
| 2022 | 16.18% | 5.14% | 1.15x | 2.74x | ₩13.03 Billion |
| 2023 | 6.67% | 2.81% | 0.98x | 2.42x | ₩-8.10 Billion |
| 2024 | -5.91% | -2.42% | 0.96x | 2.54x | ₩-37.90 Billion |
Industry Comparison
This section compares Shinsung E&G Co. Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $248,974,332,012
- Average return on equity (ROE) among peers: 2.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinsung E&G Co. Ltd (011930) | ₩255.31 Billion | 4.14% | 1.43x | $551.13 Million |
| Daelim B&Co (005750) | $157.39 Billion | 0.70% | 1.08x | $59.87 Million |
| Ilshinstone (007110) | $51.94 Billion | 1.75% | 0.68x | $87.79 Million |
| Byuksan Corp (007210) | $169.87 Billion | 3.01% | 0.90x | $77.77 Million |
| Jeongsan Aikang Co.Ltd (022220) | $63.93 Billion | 14.91% | 0.21x | $29.87 Million |
| Nuvotec (060260) | $16.94 Billion | -15.94% | 2.09x | $12.67 Million |
| Dongkuk Refractories & Steel Co. Ltd (075970) | $49.62 Billion | 11.26% | 1.94x | $28.62 Million |
| LX Hausys Ltd (108670) | $863.42 Billion | 1.52% | 1.95x | $239.88 Million |
| LX Hausys Ltd Preferred (108675) | $837.22 Billion | -9.21% | 1.85x | $13.37 Million |
| S.Y.PANEL Co Ltd (109610) | $30.45 Billion | 14.09% | 4.77x | $95.15 Million |
About Shinsung E&G Co. Ltd
Shinsung E&G Co.,Ltd. provides solar modules and solar systems in Korea and internationally. The company operates through Clean Environment and Renewable Energy Business. The company offers clean room installation, FFU, EFU equipment manufacturing and secondary battery manufacturing, as well as dry room installation; and manufactures and sells solar modules, constructs power plants, and conducts … Read more