Sindoh (029530) - Net Assets

Latest as of September 2025: ₩1.06 Trillion KRW ≈ $719.77 Million USD

Based on the latest financial reports, Sindoh (029530) has net assets worth ₩1.06 Trillion KRW (≈ $719.77 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 (₩1.13 Trillion ≈ $766.36 Million USD) and total liabilities (₩68.76 Billion ≈ $46.60 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 Sindoh asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩1.06 Trillion
% of Total Assets	93.92%
Annual Growth Rate	4.91%
5-Year Change	25.43%
10-Year Change	29.75%
Growth Volatility	6.1

Sindoh - Net Assets Trend (2000–2024)

This chart illustrates how Sindoh's net assets have evolved over time, based on quarterly financial data. Also explore 029530 asset base for the complete picture of this company's asset base.

Annual Net Assets for Sindoh (2000–2024)

The table below shows the annual net assets of Sindoh from 2000 to 2024. For live valuation and market cap data, see market value of Sindoh.

Year	Net Assets	Change
2024-12-31	₩1.06 Trillion ≈ $721.25 Million	+7.37%
2023-12-31	₩991.23 Billion ≈ $671.74 Million	+3.93%
2022-12-31	₩953.71 Billion ≈ $646.31 Million	+0.53%
2021-12-31	₩948.67 Billion ≈ $642.90 Million	+11.80%
2020-12-31	₩848.52 Billion ≈ $575.03 Million	-2.54%
2019-12-31	₩870.64 Billion ≈ $590.02 Million	-0.11%
2018-12-31	₩871.56 Billion ≈ $590.64 Million	+1.84%
2017-12-31	₩855.85 Billion ≈ $580.00 Million	+1.74%
2016-12-31	₩841.18 Billion ≈ $570.06 Million	+2.55%
2015-12-31	₩820.24 Billion ≈ $555.86 Million	+0.04%
2014-12-31	₩819.94 Billion ≈ $555.66 Million	-0.45%
2013-12-31	₩823.65 Billion ≈ $558.18 Million	-3.56%
2012-12-31	₩854.04 Billion ≈ $578.77 Million	+1.83%
2011-12-31	₩838.72 Billion ≈ $568.39 Million	+8.05%
2010-12-31	₩776.22 Billion ≈ $526.03 Million	+7.30%
2009-12-31	₩723.44 Billion ≈ $490.26 Million	+4.35%
2008-12-31	₩693.30 Billion ≈ $469.84 Million	+7.18%
2007-12-31	₩646.89 Billion ≈ $438.39 Million	+9.50%
2006-12-31	₩590.78 Billion ≈ $400.36 Million	+4.08%
2005-12-31	₩567.60 Billion ≈ $384.66 Million	+3.06%
2004-12-31	₩550.77 Billion ≈ $373.25 Million	+4.50%
2003-12-31	₩527.07 Billion ≈ $357.19 Million	+18.74%
2002-12-31	₩443.87 Billion ≈ $300.80 Million	+6.77%
2001-12-31	₩415.71 Billion ≈ $281.72 Million	+23.33%
2000-12-31	₩337.07 Billion ≈ $228.42 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sindoh'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 92681405725000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩926.81 Billion	87.08%
Other Components	₩137.47 Billion	12.92%
Total Equity	₩1.06 Trillion	100.00%

Sindoh Competitors by Market Cap

The table below lists competitors of Sindoh ranked by their market capitalization.

Company	Market Cap
Cia de Ferro Ligas da Bahia - FERBASA SA:FESA3	$291.90 Million
Hansa Biopharma AB ST:HNSA	$291.91 Million
Khgears International Limited TW:4571	$291.98 Million
Hwashin KO:010690	$292.00 Million
Teqnion AB ST:TEQ	$291.87 Million
Fresnillo PLC LSE:FRES	$291.84 Million
Promotora Ambiental S.A.B. de C.V MX:PASAB	$291.82 Million
Bank Of India Indonesia Tbk JK:BSWD	$291.81 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sindoh's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 991,227,588,170 to 1,064,287,620,240, a change of 73,060,032,070 (7.4%).
Net income of 73,194,606,390 contributed positively to equity growth.
Dividend payments of 12,934,168,500 reduced retained earnings.
Other factors increased equity by 12,799,594,180.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩73.19 Billion	+6.88%
Dividends Paid	₩12.93 Billion	-1.22%
Other Changes	₩12.80 Billion	+1.2%
Total Change	₩-	7.37%

Book Value vs Market Value Analysis

This analysis compares Sindoh'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: 0.40x
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 0.57x to 0.40x 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	₩87045.25	₩49950.00	x
2018-12-31	₩88642.99	₩49950.00	x
2019-12-31	₩88549.44	₩49950.00	x
2020-12-31	₩86464.17	₩49950.00	x
2021-12-31	₩99308.05	₩49950.00	x
2022-12-31	₩109944.88	₩49950.00	x
2023-12-31	₩114954.54	₩49950.00	x
2024-12-31	₩123427.45	₩49950.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sindoh 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): 6.88%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21.47%
• Asset Turnover: 0.30x
• Equity Multiplier: 1.07x
Recent ROE (6.88%) is above the historical average (6.86%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	12.09%	13.38%	0.75x	1.20x	₩6.91 Billion
2001	11.99%	14.17%	0.69x	1.23x	₩8.13 Billion
2002	14.41%	12.20%	0.95x	1.25x	₩19.25 Billion
2003	12.28%	10.21%	0.97x	1.24x	₩11.76 Billion
2004	9.15%	7.51%	1.03x	1.19x	₩-4.57 Billion
2005	6.33%	5.07%	1.03x	1.21x	₩-20.17 Billion
2006	8.15%	7.68%	0.88x	1.21x	₩-10.58 Billion
2007	10.52%	9.75%	0.87x	1.24x	₩3.22 Billion
2008	10.13%	10.60%	0.77x	1.25x	₩880.40 Million
2009	8.10%	8.91%	0.76x	1.20x	₩-13.27 Billion
2010	8.76%	9.33%	0.79x	1.19x	₩-9.20 Billion
2011	8.24%	8.83%	0.77x	1.22x	₩-14.21 Billion
2012	6.24%	6.75%	0.78x	1.18x	₩-30.82 Billion
2013	3.19%	4.99%	0.57x	1.12x	₩-56.05 Billion
2014	2.09%	3.57%	0.52x	1.12x	₩-64.88 Billion
2015	1.14%	1.87%	0.54x	1.13x	₩-72.67 Billion
2016	3.78%	6.27%	0.54x	1.11x	₩-52.33 Billion
2017	3.70%	5.67%	0.59x	1.10x	₩-53.91 Billion
2018	4.02%	6.28%	0.59x	1.09x	₩-52.12 Billion
2019	1.66%	3.39%	0.45x	1.09x	₩-72.58 Billion
2020	-1.58%	-3.99%	0.37x	1.08x	₩-98.27 Billion
2021	10.06%	29.65%	0.31x	1.08x	₩570.71 Million
2022	4.72%	11.90%	0.36x	1.09x	₩-50.35 Billion
2023	5.55%	13.66%	0.37x	1.09x	₩-44.14 Billion
2024	6.88%	21.47%	0.30x	1.07x	₩-33.23 Billion

Industry Comparison

This section compares Sindoh's net assets metrics with peer companies in the Business Equipment & Supplies industry.

Industry Context

Industry: Business Equipment & Supplies
Average net assets among peers: $42,082,791,867
Average return on equity (ROE) among peers: 7.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sindoh (029530)	₩1.06 Trillion	12.09%	0.06x	$291.88 Million
VT GMP Co.Ltd (018290)	$77.84 Billion	19.16%	1.67x	$407.94 Million
Korea Information & Communications Co. Ltd (025770)	$14.98 Billion	0.00%	7.31x	$272.46 Million
Duoback Co. Ltd (073190)	$33.43 Billion	3.96%	0.18x	$9.75 Million

About Sindoh

KO:029530 Korea Business Equipment & Supplies

Market Cap

$291.88 Million

₩430.71 Billion KRW

Market Cap Rank

#15074 Global

#556 in Korea

Share Price

₩49950.00

Change (1 day)

-1.09%

52-Week Range

₩41650.00 - ₩64500.00

All Time High

₩64500.00