Shindaeyang Pa
Shindaeyang Paper Co., Ltd. engages in the production and sale of corrugated cardboard base paper. The company was founded in 1982 and is headquartered in Ansan-si, South Korea.
Shindaeyang Pa (016590) - Net Assets
Latest net assets as of September 2025: ₩721.35 Billion KRW
Based on the latest financial reports, Shindaeyang Pa (016590) has net assets worth ₩721.35 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩913.89 Billion) and total liabilities (₩192.54 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 | ₩721.35 Billion |
| % of Total Assets | 78.93% |
| Annual Growth Rate | 10.73% |
| 5-Year Change | 15.45% |
| 10-Year Change | 172.48% |
| Growth Volatility | 30.16 |
Shindaeyang Pa - Net Assets Trend (2000–2024)
This chart illustrates how Shindaeyang Pa's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shindaeyang Pa (2000–2024)
The table below shows the annual net assets of Shindaeyang Pa from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩692.09 Billion | +0.78% |
| 2023-12-31 | ₩686.76 Billion | +4.48% |
| 2022-12-31 | ₩657.30 Billion | +4.87% |
| 2021-12-31 | ₩626.80 Billion | +4.56% |
| 2020-12-31 | ₩599.49 Billion | +4.48% |
| 2019-12-31 | ₩573.79 Billion | +13.29% |
| 2018-12-31 | ₩506.49 Billion | +21.88% |
| 2017-12-31 | ₩415.56 Billion | +56.86% |
| 2016-12-31 | ₩264.92 Billion | +4.30% |
| 2015-12-31 | ₩254.00 Billion | -7.34% |
| 2014-12-31 | ₩274.12 Billion | +5.38% |
| 2013-12-31 | ₩260.12 Billion | +1.43% |
| 2012-12-31 | ₩256.45 Billion | +13.74% |
| 2011-12-31 | ₩225.48 Billion | +4.14% |
| 2010-12-31 | ₩216.51 Billion | +6.19% |
| 2009-12-31 | ₩203.88 Billion | +145.24% |
| 2008-12-31 | ₩83.14 Billion | +10.57% |
| 2007-12-31 | ₩75.19 Billion | +6.52% |
| 2006-12-31 | ₩70.59 Billion | +11.69% |
| 2005-12-31 | ₩63.20 Billion | -9.93% |
| 2004-12-31 | ₩70.17 Billion | +0.24% |
| 2003-12-31 | ₩70.00 Billion | -3.33% |
| 2002-12-31 | ₩72.41 Billion | +16.76% |
| 2001-12-31 | ₩62.01 Billion | +3.48% |
| 2000-12-31 | ₩59.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shindaeyang Pa'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 58507902920000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩585.08 Billion | 99.38% |
| Other Components | ₩3.65 Billion | 0.62% |
| Total Equity | ₩588.73 Billion | 100.00% |
Shindaeyang Pa Competitors by Market Cap
The table below lists competitors of Shindaeyang Pa ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Seoho Electric Co.Ltd
KQ:065710
|
$48.02 Million |
|
SolarBank Corporation Common Stock
OTCQX:SUUN
|
$48.03 Million |
|
Yunsa Yunlu Sanayi ve Ticaret AS
IS:YUNSA
|
$48.06 Million |
|
OPC Pharmaceutical JSC
VN:OPC
|
$48.06 Million |
|
GBMCF
OTCQB:GBMCF
|
$48.00 Million |
|
SysJust Co., Ltd.
TWO:3158
|
$48.00 Million |
|
Fiamma Holdings Bhd
KLSE:6939
|
$48.00 Million |
|
Independent Bond ESG
CO:IIVBONDESG
|
$47.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shindaeyang Pa's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 582,523,395,580 to 588,727,905,570, a change of 6,204,509,990 (1.1%).
- Net income of 35,128,521,000 contributed positively to equity growth.
- Dividend payments of 4,998,768,750 reduced retained earnings.
- Share repurchases of 19,566,283,500 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩35.13 Billion | +5.97% |
| Dividends Paid | ₩5.00 Billion | -0.85% |
| Share Repurchases | ₩19.57 Billion | -3.32% |
| Other Changes | ₩-4.36 Billion | -0.74% |
| Total Change | ₩- | 1.07% |
Book Value vs Market Value Analysis
This analysis compares Shindaeyang Pa'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: 0.66x
- 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 increased from 0.19x to 0.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩68313.89 | ₩12880.00 | x |
| 2018-12-31 | ₩90414.83 | ₩12880.00 | x |
| 2019-12-31 | ₩103836.35 | ₩12880.00 | x |
| 2020-12-31 | ₩118785.61 | ₩12880.00 | x |
| 2021-12-31 | ₩139181.42 | ₩12880.00 | x |
| 2022-12-31 | ₩154171.92 | ₩12880.00 | x |
| 2023-12-31 | ₩17480.01 | ₩12880.00 | x |
| 2024-12-31 | ₩19591.08 | ₩12880.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shindaeyang Pa 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): 5.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.33%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.49x
- Recent ROE (5.97%) is below the historical average (8.22%), 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 | 13.85% | 4.45% | 1.05x | 2.95x | ₩2.20 Billion |
| 2001 | 10.21% | 3.89% | 1.01x | 2.59x | ₩123.80 Million |
| 2002 | 12.56% | 5.41% | 1.10x | 2.10x | ₩1.76 Billion |
| 2003 | 1.58% | 0.68% | 1.07x | 2.18x | ₩-5.62 Billion |
| 2004 | 0.06% | 0.02% | 0.95x | 2.50x | ₩-6.43 Billion |
| 2006 | 11.55% | 4.47% | 0.99x | 2.61x | ₩988.99 Million |
| 2007 | 7.84% | 2.64% | 1.02x | 2.90x | ₩-1.49 Billion |
| 2008 | 11.98% | 3.47% | 1.11x | 3.12x | ₩1.50 Billion |
| 2009 | 5.76% | 4.60% | 0.63x | 1.99x | ₩-7.95 Billion |
| 2010 | 8.00% | 4.63% | 0.92x | 1.87x | ₩-3.96 Billion |
| 2011 | 5.66% | 2.92% | 0.94x | 2.07x | ₩-8.84 Billion |
| 2012 | 11.57% | 7.41% | 0.89x | 1.74x | ₩3.63 Billion |
| 2013 | 5.11% | 3.64% | 0.86x | 1.63x | ₩-11.79 Billion |
| 2014 | 6.49% | 5.07% | 0.81x | 1.57x | ₩-8.96 Billion |
| 2015 | -9.03% | -8.95% | 0.64x | 1.58x | ₩-45.15 Billion |
| 2016 | 6.19% | 6.17% | 0.70x | 1.44x | ₩-9.60 Billion |
| 2017 | 9.93% | 5.33% | 0.71x | 2.64x | ₩-192.24 Million |
| 2018 | 21.76% | 11.18% | 0.95x | 2.05x | ₩42.85 Billion |
| 2019 | 13.34% | 8.63% | 0.84x | 1.84x | ₩13.96 Billion |
| 2020 | 9.33% | 6.96% | 0.75x | 1.78x | ₩-3.04 Billion |
| 2021 | 10.78% | 7.94% | 0.81x | 1.69x | ₩3.91 Billion |
| 2022 | 8.56% | 7.03% | 0.76x | 1.59x | ₩-8.03 Billion |
| 2023 | 8.22% | 7.42% | 0.74x | 1.50x | ₩-10.39 Billion |
| 2024 | 5.97% | 5.33% | 0.75x | 1.49x | ₩-23.74 Billion |
Industry Comparison
This section compares Shindaeyang Pa's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $311,157,093,417
- Average return on equity (ROE) among peers: -0.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shindaeyang Pa (016590) | ₩721.35 Billion | 13.85% | 0.27x | $48.01 Million |
| Papercorea (001020) | $161.95 Billion | -15.04% | 2.12x | $10.80 Million |
| Asia Paper (002310) | $469.11 Billion | 4.10% | 0.53x | $99.62 Million |
| Hansol Holdings Co Ltd (004150) | $597.33 Billion | 8.04% | 0.21x | $67.38 Million |
| Kleannara (004540) | $63.58 Billion | 2.20% | 6.33x | $19.40 Million |
| Kleannara Co Ltd (004545) | $204.10 Billion | -0.74% | 1.54x | $41.23 Million |
| Young Poong Pa (006740) | $94.39 Billion | 5.82% | 0.29x | $14.07 Million |
| Moorim Paper (009200) | $724.75 Billion | 5.61% | 2.43x | $26.73 Million |
| Han Chang Pape (009460) | $37.12 Billion | -31.18% | 3.27x | $12.03 Million |
| Moorim P&P Co Ltd (009580) | $548.26 Billion | 2.42% | 1.22x | $33.76 Million |
| Sam Jung Pulp (009770) | $210.97 Billion | 12.73% | 0.10x | $14.29 Million |