Shinsegae Food (031440) - Net Assets

Latest as of March 2026: ₩358.70 Billion KRW ≈ $243.09 Million USD

Based on the latest financial reports, Shinsegae Food (031440) has net assets worth ₩358.70 Billion KRW (≈ $243.09 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩804.27 Billion ≈ $545.04 Million USD) and total liabilities (₩445.57 Billion ≈ $301.95 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. Also explore how large is Shinsegae Food's balance sheet for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩358.70 Billion
% of Total Assets	44.6%
Annual Growth Rate	9.24%
5-Year Change	25.67%
10-Year Change	20.44%
Growth Volatility	22.01

Shinsegae Food - Net Assets Trend (2003–2025)

This chart illustrates how Shinsegae Food's net assets have evolved over time, based on quarterly financial data. Check 031440 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Shinsegae Food (2003–2025)

The table below shows the annual net assets of Shinsegae Food from 2003 to 2025. For live valuation and market cap data, see Shinsegae Food market capitalisation.

Year	Net Assets	Change
2025-12-31	₩357.92 Billion ≈ $242.56 Million	+21.95%
2024-12-31	₩293.49 Billion ≈ $198.90 Million	+1.24%
2023-12-31	₩289.89 Billion ≈ $196.45 Million	-0.75%
2022-12-31	₩292.07 Billion ≈ $197.93 Million	+2.55%
2021-12-31	₩284.82 Billion ≈ $193.02 Million	+0.54%
2020-12-31	₩283.28 Billion ≈ $191.97 Million	-10.10%
2019-12-31	₩315.10 Billion ≈ $213.54 Million	-0.57%
2018-12-31	₩316.91 Billion ≈ $214.76 Million	+0.58%
2017-12-31	₩315.06 Billion ≈ $213.51 Million	+6.02%
2016-12-31	₩297.18 Billion ≈ $201.39 Million	+3.49%
2015-12-31	₩287.14 Billion ≈ $194.59 Million	+0.59%
2014-12-31	₩285.47 Billion ≈ $193.46 Million	+40.59%
2012-12-31	₩203.06 Billion ≈ $137.61 Million	+90.84%
2008-12-31	₩106.40 Billion ≈ $72.11 Million	+13.21%
2007-12-31	₩93.98 Billion ≈ $63.69 Million	+18.72%
2006-12-31	₩79.16 Billion ≈ $53.65 Million	+17.52%
2005-12-31	₩67.36 Billion ≈ $45.65 Million	+16.28%
2004-12-31	₩57.93 Billion ≈ $39.26 Million	+13.15%
2003-12-31	₩51.19 Billion ≈ $34.69 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shinsegae Food'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 28248794899000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩282.49 Billion	78.93%
Other Components	₩75.43 Billion	21.07%
Total Equity	₩357.92 Billion	100.00%

Shinsegae Food Competitors by Market Cap

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

Company	Market Cap
Scope Fluidics SA WAR:SCP	$93.48 Million
Putra Mandiri Jembar Tbk PT JK:PMJS	$93.50 Million
I Jang Industrial Co Ltd TWO:8342	$93.51 Million
Kuen Ling Refrigerating Machinery Co Ltd TWO:4527	$93.57 Million
Phoenix Group Holdings PLC LSE:PHNX	$93.45 Million
Cemacon Zalau RO:CEON	$93.42 Million
CO2 Energy Transition Corp. Unit NASDAQ:NOEMU	$93.41 Million
Crossject PA:ALCJ	$93.38 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 293,492,439,730 to 357,917,869,440, a change of 64,425,429,710 (22.0%).
Net income of 77,213,885,730 contributed positively to equity growth.
Dividend payments of 3,485,616,370 reduced retained earnings.
Share repurchases of 10,362,466,640 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩77.21 Billion	+21.57%
Dividends Paid	₩3.49 Billion	-0.97%
Share Repurchases	₩10.36 Billion	-2.9%
Other Changes	₩1.06 Billion	+0.3%
Total Change	₩-	21.95%

Book Value vs Market Value Analysis

This analysis compares Shinsegae Food'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: 0.41x
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.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	₩81363.61	₩38150.00	x
2018-12-31	₩81839.19	₩38150.00	x
2019-12-31	₩81373.27	₩38150.00	x
2020-12-31	₩73155.71	₩38150.00	x
2021-12-31	₩73552.61	₩38150.00	x
2022-12-31	₩75425.36	₩38150.00	x
2023-12-31	₩74862.87	₩38150.00	x
2024-12-31	₩75792.97	₩38150.00	x
2025-12-31	₩92430.52	₩38150.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shinsegae Food 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): 21.57%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.26%
• Asset Turnover: 1.52x
• Equity Multiplier: 2.27x
Recent ROE (21.57%) is above the historical average (8.83%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	26.46%	5.64%	2.54x	1.85x	₩8.04 Billion
2004	15.08%	3.11%	2.83x	1.71x	₩2.82 Billion
2005	17.22%	4.58%	2.34x	1.61x	₩4.69 Billion
2006	18.51%	4.71%	2.34x	1.68x	₩6.51 Billion
2007	18.98%	4.73%	2.54x	1.58x	₩8.20 Billion
2008	18.38%	4.54%	2.60x	1.55x	₩8.92 Billion
2012	13.64%	3.84%	2.73x	1.30x	₩7.39 Billion
2014	1.47%	0.64%	1.71x	1.34x	₩-24.34 Billion
2015	2.33%	0.74%	1.80x	1.75x	₩-22.03 Billion
2016	4.81%	1.34%	1.92x	1.87x	₩-15.43 Billion
2017	6.54%	1.71%	2.03x	1.89x	₩-10.89 Billion
2018	2.69%	0.67%	2.05x	1.97x	₩-23.18 Billion
2019	1.38%	0.33%	1.80x	2.33x	₩-27.16 Billion
2020	-7.76%	-1.77%	1.40x	3.13x	₩-50.31 Billion
2021	0.85%	0.18%	1.52x	3.09x	₩-26.06 Billion
2022	-1.84%	-0.38%	1.56x	3.09x	₩-34.59 Billion
2023	3.67%	0.71%	1.70x	3.02x	₩-18.34 Billion
2024	3.82%	0.89%	1.51x	2.84x	₩-18.15 Billion
2025	21.57%	6.26%	1.52x	2.27x	₩41.42 Billion

Industry Comparison

This section compares Shinsegae Food's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $577,020,799,949
Average return on equity (ROE) among peers: 4.40%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shinsegae Food (031440)	₩358.70 Billion	26.46%	1.24x	$93.47 Million
Daehan Flour Mills Co Ltd (001130)	$880.62 Billion	9.93%	0.50x	$12.58 Million
Daesang Corp (001680)	$626.19 Billion	13.87%	1.59x	$416.07 Million
Daesang Corp Preference Shares (001685)	$1.32 Trillion	6.28%	1.41x	$13.08 Million
Korea Ind (002140)	$28.94 Billion	0.00%	2.58x	$35.45 Million
Choheung (002600)	$120.39 Billion	9.38%	0.40x	$55.30 Million
Sam Yang Foods (003230)	$157.50 Billion	6.24%	1.04x	$5.90 Billion
Daejoo Inc (003310)	$44.68 Billion	0.66%	0.86x	$36.10 Million
Harim Holdings Co. Ltd (003380)	$1.74 Trillion	3.19%	3.94x	$632.76 Million
Hansung Ent (003680)	$19.06 Billion	0.00%	5.14x	$23.46 Million
Namyang Dairy (003920)	$826.49 Billion	-5.51%	0.18x	$173.04 Million

About Shinsegae Food

KO:031440 Korea Packaged Foods

Market Cap

$93.47 Million

₩137.93 Billion KRW

Market Cap Rank

#19374 Global

#931 in Korea

Share Price

₩38150.00

Change (1 day)

-2.43%

52-Week Range

₩35300.00 - ₩56700.00

All Time High

₩176631.27