Industrial Bank Of Korea (024110) - Net Assets
Based on the latest financial reports, Industrial Bank Of Korea (024110) has net assets worth ₩36.86 Trillion KRW (≈ $24.98 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 (₩500.69 Trillion ≈ $339.31 Billion USD) and total liabilities (₩463.84 Trillion ≈ $314.34 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 tangible net worth ratio of Industrial Bank Of Korea to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩36.86 Trillion |
| % of Total Assets | 7.36% |
| Annual Growth Rate | 8.61% |
| 5-Year Change | 33.86% |
| 10-Year Change | 104.22% |
| Growth Volatility | 10.83 |
Industrial Bank Of Korea - Net Assets Trend (2001–2025)
This chart illustrates how Industrial Bank Of Korea's net assets have evolved over time, based on quarterly financial data. See 024110 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Industrial Bank Of Korea (2001–2025)
The table below shows the annual net assets of Industrial Bank Of Korea from 2001 to 2025. For live valuation and market cap data, see 024110 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩36.86 Trillion ≈ $24.98 Billion |
+7.67% |
| 2024-12-31 | ₩34.23 Trillion ≈ $23.20 Billion |
+7.59% |
| 2023-12-31 | ₩31.82 Trillion ≈ $21.56 Billion |
+9.30% |
| 2022-12-31 | ₩29.11 Trillion ≈ $19.73 Billion |
+5.73% |
| 2021-12-31 | ₩27.53 Trillion ≈ $18.66 Billion |
+9.51% |
| 2020-12-31 | ₩25.14 Trillion ≈ $17.04 Billion |
+10.39% |
| 2019-12-31 | ₩22.78 Trillion ≈ $15.44 Billion |
+7.98% |
| 2018-12-31 | ₩21.09 Trillion ≈ $14.30 Billion |
+6.53% |
| 2017-12-31 | ₩19.80 Trillion ≈ $13.42 Billion |
+9.72% |
| 2016-12-31 | ₩18.05 Trillion ≈ $12.23 Billion |
+4.36% |
| 2015-12-31 | ₩17.29 Trillion ≈ $11.72 Billion |
+10.53% |
| 2014-12-31 | ₩15.65 Trillion ≈ $10.60 Billion |
+8.44% |
| 2013-12-31 | ₩14.43 Trillion ≈ $9.78 Billion |
+3.68% |
| 2012-12-31 | ₩13.92 Trillion ≈ $9.43 Billion |
+5.42% |
| 2011-12-31 | ₩13.20 Trillion ≈ $8.95 Billion |
+22.51% |
| 2010-12-31 | ₩10.78 Trillion ≈ $7.30 Billion |
+13.62% |
| 2009-12-31 | ₩9.48 Trillion ≈ $6.43 Billion |
+23.10% |
| 2008-12-31 | ₩7.71 Trillion ≈ $5.22 Billion |
+12.28% |
| 2007-12-31 | ₩6.86 Trillion ≈ $4.65 Billion |
+13.93% |
| 2006-12-31 | ₩6.02 Trillion ≈ $4.08 Billion |
+25.28% |
| 2005-12-31 | ₩4.81 Trillion ≈ $3.26 Billion |
+22.14% |
| 2004-12-31 | ₩3.94 Trillion ≈ $2.67 Billion |
+13.37% |
| 2003-12-31 | ₩3.47 Trillion ≈ $2.35 Billion |
+2.67% |
| 2002-12-31 | ₩3.38 Trillion ≈ $2.29 Billion |
-33.32% |
| 2001-12-31 | ₩5.07 Trillion ≈ $3.44 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Industrial Bank Of Korea'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 6797.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩25.40 Trillion | 69.67% |
| Other Components | ₩11.06 Trillion | 30.33% |
| Total Equity | ₩36.45 Trillion | 100.00% |
Industrial Bank Of Korea Competitors by Market Cap
The table below lists competitors of Industrial Bank Of Korea ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Indus Towers Limited
NSE:INDUSTOWER
|
$11.82 Billion |
|
Dynatrace Holdings LLC
NYSE:DT
|
$11.83 Billion |
|
Cipla Limited
NSE:CIPLA
|
$11.84 Billion |
|
McCormick & Company Incorporated
NYSE:MKC
|
$11.85 Billion |
|
Krung Thai Bank Public Company Limited
F:NVPB
|
$11.81 Billion |
|
The J. M. Smucker Company
NYSE:SJM
|
$11.79 Billion |
|
Littelfuse Inc
NASDAQ:LFUS
|
$11.78 Billion |
|
GJENSIDIGE FORSI.UNSP.ADR
F:XGJ0
|
$11.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Industrial Bank Of Korea's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,946,719,000,000 to 36,454,735,000,000, a change of 2,508,016,000,000 (7.4%).
- Net income of 2,711,103,000,000 contributed positively to equity growth.
- Dividend payments of 1,029,144,000,000 reduced retained earnings.
- Other factors increased equity by 826,057,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.71 Trillion | +7.44% |
| Dividends Paid | ₩1.03 Trillion | -2.82% |
| Other Changes | ₩826.06 Billion | +2.27% |
| Total Change | ₩- | 7.39% |
Book Value vs Market Value Analysis
This analysis compares Industrial Bank Of Korea'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: 0.48x
- 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 0.62x to 0.48x 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 | ₩35175.21 | ₩21850.00 | x |
| 2018-12-31 | ₩37470.91 | ₩21850.00 | x |
| 2019-12-31 | ₩39264.55 | ₩21850.00 | x |
| 2020-12-31 | ₩33869.58 | ₩21850.00 | x |
| 2021-12-31 | ₩36796.12 | ₩21850.00 | x |
| 2022-12-31 | ₩36302.38 | ₩21850.00 | x |
| 2023-12-31 | ₩39698.47 | ₩21850.00 | x |
| 2024-12-31 | ₩42570.38 | ₩21850.00 | x |
| 2025-12-31 | ₩45715.52 | ₩21850.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Industrial Bank Of Korea 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): 7.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.22%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 13.73x
- Recent ROE (7.44%) is below the historical average (8.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 10.52% | 6.06% | 0.08x | 20.53x | ₩15.17 Billion |
| 2002 | 11.42% | 6.65% | 0.09x | 19.68x | ₩47.96 Billion |
| 2003 | 5.71% | 3.68% | 0.07x | 21.02x | ₩-148.94 Billion |
| 2004 | 8.39% | 6.42% | 0.07x | 19.37x | ₩-63.20 Billion |
| 2005 | 14.40% | 12.73% | 0.06x | 18.29x | ₩210.18 Billion |
| 2006 | 15.67% | 13.25% | 0.07x | 17.88x | ₩335.99 Billion |
| 2007 | 17.40% | 15.11% | 0.06x | 18.21x | ₩496.81 Billion |
| 2008 | 8.32% | 7.32% | 0.06x | 19.13x | ₩-126.84 Billion |
| 2009 | 6.51% | 8.69% | 0.04x | 16.72x | ₩-322.61 Billion |
| 2010 | 10.38% | 11.89% | 0.05x | 16.21x | ₩39.80 Billion |
| 2011 | 9.17% | 12.66% | 0.05x | 14.17x | ₩-108.37 Billion |
| 2012 | 6.96% | 11.47% | 0.04x | 14.28x | ₩-420.16 Billion |
| 2013 | 4.84% | 7.76% | 0.04x | 14.81x | ₩-740.99 Billion |
| 2014 | 5.39% | 9.82% | 0.04x | 14.12x | ₩-717.34 Billion |
| 2015 | 6.84% | 18.18% | 0.03x | 14.35x | ₩-528.33 Billion |
| 2016 | 6.49% | 26.27% | 0.02x | 14.31x | ₩-630.40 Billion |
| 2017 | 7.62% | 30.66% | 0.02x | 13.91x | ₩-468.28 Billion |
| 2018 | 8.36% | 31.79% | 0.02x | 13.80x | ₩-344.05 Billion |
| 2019 | 7.09% | 28.65% | 0.02x | 14.04x | ₩-660.33 Billion |
| 2020 | 6.14% | 21.19% | 0.02x | 14.45x | ₩-966.12 Billion |
| 2021 | 8.81% | 30.48% | 0.02x | 14.53x | ₩-326.28 Billion |
| 2022 | 9.58% | 30.19% | 0.02x | 14.92x | ₩-121.08 Billion |
| 2023 | 8.43% | 26.90% | 0.02x | 14.17x | ₩-495.97 Billion |
| 2024 | 7.79% | 27.84% | 0.02x | 13.91x | ₩-750.15 Billion |
| 2025 | 7.44% | 27.22% | 0.02x | 13.73x | ₩-934.37 Billion |
Industry Comparison
This section compares Industrial Bank Of Korea's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $13,221,413,487,667
- Average return on equity (ROE) among peers: 7.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Industrial Bank Of Korea (024110) | ₩36.86 Trillion | 10.52% | 12.59x | $11.81 Billion |
| Jeju Bank (006220) | $108.54 Billion | 5.84% | 16.34x | $307.64 Million |
| Shinhan Financial Group (055550) | $8.21 Trillion | 17.37% | 16.48x | $32.42 Billion |
| Hana Financial (086790) | $20.89 Trillion | 4.38% | 13.13x | $23.41 Billion |
| KB Financial Group (105560) | $39.24 Trillion | 1.38% | 0.15x | $39.20 Billion |
| BNK Financial Group Inc (138930) | $3.26 Trillion | 11.09% | 12.18x | $3.73 Billion |
| Dgb Financial (139130) | $1.77 Trillion | 9.62% | 14.86x | $1.88 Billion |
| Jb Financial (175330) | $3.09 Trillion | 6.00% | 14.42x | $3.42 Billion |
| Woori Financial Group Inc (316140) | $35.90 Trillion | 8.60% | 13.65x | $15.63 Billion |
| KakaoBank Corp (323410) | $6.54 Trillion | 6.73% | 8.60x | $7.39 Billion |
About Industrial Bank Of Korea
Industrial Bank of Korea operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally. It provides personal and corporate banking, such as check, transfer, deposit/trust, fund, insurance, credit card, loan, forex, dues, check/draft, information management, retirement pension, and B2B; and provides various financial products and services, including personal and… Read more