Samwon Steel (023000) - Net Assets
Based on the latest financial reports, Samwon Steel (023000) has net assets worth ₩254.84 Billion KRW (≈ $172.70 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 (₩312.63 Billion ≈ $211.87 Million USD) and total liabilities (₩57.80 Billion ≈ $39.17 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 Samwon Steel strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩254.84 Billion |
| % of Total Assets | 81.51% |
| Annual Growth Rate | 4.12% |
| 5-Year Change | 17.75% |
| 10-Year Change | 39.85% |
| Growth Volatility | 1.47 |
Samwon Steel - Net Assets Trend (2013–2024)
This chart illustrates how Samwon Steel's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Samwon Steel worth.
Annual Net Assets for Samwon Steel (2013–2024)
The table below shows the annual net assets of Samwon Steel from 2013 to 2024. Also explore 023000 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩250.52 Billion ≈ $169.77 Million |
+3.30% |
| 2023-12-31 | ₩242.51 Billion ≈ $164.35 Million |
+5.08% |
| 2022-12-31 | ₩230.78 Billion ≈ $156.40 Million |
+5.51% |
| 2021-12-31 | ₩218.73 Billion ≈ $148.23 Million |
+2.81% |
| 2020-12-31 | ₩212.76 Billion ≈ $144.18 Million |
+1.34% |
| 2019-12-31 | ₩209.95 Billion ≈ $142.28 Million |
+2.58% |
| 2018-12-31 | ₩204.66 Billion ≈ $138.69 Million |
+4.98% |
| 2017-12-31 | ₩194.95 Billion ≈ $132.12 Million |
+3.04% |
| 2016-12-31 | ₩189.20 Billion ≈ $128.22 Million |
+5.62% |
| 2015-12-31 | ₩179.14 Billion ≈ $121.40 Million |
+5.68% |
| 2014-12-31 | ₩169.51 Billion ≈ $114.88 Million |
+5.46% |
| 2013-12-31 | ₩160.74 Billion ≈ $108.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Samwon Steel'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 118.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩165.26 Billion | 65.97% |
| Other Components | ₩85.26 Billion | 34.03% |
| Total Equity | ₩250.52 Billion | 100.00% |
Samwon Steel Competitors by Market Cap
The table below lists competitors of Samwon Steel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Introl S.A.
WAR:INL
|
$59.28 Million |
|
Seafire AB
ST:SEAF
|
$59.28 Million |
|
iLearningEngines, Inc.
NASDAQ:AILE
|
$59.29 Million |
|
A-Jin Industry Co Ltd
KQ:013310
|
$59.30 Million |
|
Newfield Resources Ltd
AU:NWF
|
$59.24 Million |
|
Inversa Prime SOCIMI S.A.
MC:YIPS
|
$59.22 Million |
|
Outset Medical Inc
NASDAQ:OM
|
$59.21 Million |
|
Neontech Co. Ltd
KQ:306620
|
$59.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Samwon Steel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 242,511,942,250 to 250,520,367,710, a change of 8,008,425,460 (3.3%).
- Net income of 13,242,970,420 contributed positively to equity growth.
- Dividend payments of 4,371,395,160 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩13.24 Billion | +5.29% |
| Dividends Paid | ₩4.37 Billion | -1.74% |
| Other Changes | ₩-863.15 Million | -0.34% |
| Total Change | ₩- | 3.30% |
Book Value vs Market Value Analysis
This analysis compares Samwon Steel'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: 0.35x
- 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 decreased from 0.45x to 0.35x 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 | ₩4873.84 | ₩2200.00 | x |
| 2018-12-31 | ₩5116.44 | ₩2200.00 | x |
| 2019-12-31 | ₩5263.61 | ₩2200.00 | x |
| 2020-12-31 | ₩5353.72 | ₩2200.00 | x |
| 2021-12-31 | ₩5503.95 | ₩2200.00 | x |
| 2022-12-31 | ₩5807.27 | ₩2200.00 | x |
| 2023-12-31 | ₩6102.47 | ₩2200.00 | x |
| 2024-12-31 | ₩6303.99 | ₩2200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Samwon Steel 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): 5.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.85%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 1.16x
- Recent ROE (5.29%) is below the historical average (6.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.33% | 4.78% | 1.54x | 1.27x | ₩-1.08 Billion |
| 2014 | 8.55% | 5.13% | 1.34x | 1.25x | ₩-2.45 Billion |
| 2015 | 8.84% | 5.82% | 1.22x | 1.25x | ₩-2.08 Billion |
| 2016 | 7.51% | 5.29% | 1.15x | 1.24x | ₩-4.71 Billion |
| 2017 | 5.64% | 3.98% | 1.12x | 1.26x | ₩-8.50 Billion |
| 2018 | 5.83% | 4.16% | 1.13x | 1.24x | ₩-8.53 Billion |
| 2019 | 4.97% | 3.87% | 1.08x | 1.19x | ₩-10.56 Billion |
| 2020 | 3.82% | 3.30% | 0.95x | 1.21x | ₩-13.16 Billion |
| 2021 | 4.03% | 2.94% | 1.11x | 1.24x | ₩-13.07 Billion |
| 2022 | 5.64% | 3.57% | 1.24x | 1.27x | ₩-10.06 Billion |
| 2023 | 6.85% | 4.63% | 1.18x | 1.25x | ₩-7.64 Billion |
| 2024 | 5.29% | 3.85% | 1.18x | 1.16x | ₩-11.81 Billion |
Industry Comparison
This section compares Samwon Steel's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $785,715,498,647
- Average return on equity (ROE) among peers: 5.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Samwon Steel (023000) | ₩254.84 Billion | 9.33% | 0.23x | $59.25 Million |
| Hankook Tire Worldwide (000240) | $4.45 Trillion | 7.88% | 0.15x | $1.58 Billion |
| Daewonkangup (000430) | $570.72 Billion | 3.05% | 0.90x | $206.93 Million |
| SG Choongbang Co Ltd (001380) | $82.23 Billion | 0.00% | 0.26x | $36.26 Million |
| Tae Won Mulsan (001420) | $31.62 Billion | -0.08% | 0.21x | $14.88 Million |
| Dongkook Ind (001620) | $68.82 Billion | 0.00% | 0.64x | $162.53 Million |
| PS Tec. Co. Ltd (002230) | $55.84 Billion | 6.96% | 0.18x | $55.82 Million |
| Nexen Tire (002350) | $1.60 Trillion | -1.74% | 1.47x | $364.29 Million |
| Nexen Tire Prf 1 (002355) | $797.00 Billion | 15.39% | 1.89x | $17.36 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $108.06 Million |
| Yoo Sung Ent (002920) | $149.62 Billion | 8.63% | 0.38x | $32.40 Million |
About Samwon Steel
SAMWONSTEEL Co.,Ltd. manufactures and sells bars and spring materials for the automotive industry South Korea and internationally. It offers round and square edge flat bars, round bars, peeled bars, centerless ground bars, pipes, and parabolic and multi-leaf springs for automobiles. The company also provides coil springs, and stabilizer and torsion bars. The company was founded in 1992 and is hea… Read more