Sangsin Brake

KO:041650 Korea Auto Parts
Market Cap
$34.25 Million
₩50.14 Billion KRW
Market Cap Rank
#26200 Global
#1667 in Korea
Share Price
₩2590.00
Change (1 day)
-0.38%
52-Week Range
₩2455.00 - ₩3020.00
All Time High
₩7052.50
Categories
Companies in Korea Auto Parts
About

Sangsin Brake Co., Ltd., together with its subsidiaries, manufactures and sells brake friction materials in South Korea, China, India, the United States, Mexico, and Brazil. The company offers brake pads, brake shoe assemblies, brake assemblies, brake linings, rail brakes, retarders, brake systems, tuning parts, yaw brakes, brake discs and drums, and brake parts under the HI-Q, HAGEN, HARDRON, an… Read more

Sangsin Brake (041650) - Net Assets

Latest net assets as of September 2025: ₩210.20 Billion KRW

Based on the latest financial reports, Sangsin Brake (041650) has net assets worth ₩210.20 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 (₩549.74 Billion) and total liabilities (₩339.54 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 ₩210.20 Billion
% of Total Assets 38.24%
Annual Growth Rate 8.71%
5-Year Change 36.71%
10-Year Change 66.96%
Growth Volatility 6.66

Sangsin Brake - Net Assets Trend (2006–2024)

This chart illustrates how Sangsin Brake's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Sangsin Brake (2006–2024)

The table below shows the annual net assets of Sangsin Brake from 2006 to 2024.

Year Net Assets Change
2024-12-31 ₩232.64 Billion +9.82%
2023-12-31 ₩211.84 Billion +7.21%
2022-12-31 ₩197.59 Billion +4.85%
2021-12-31 ₩188.45 Billion +10.74%
2020-12-31 ₩170.17 Billion -3.79%
2019-12-31 ₩176.88 Billion +1.97%
2018-12-31 ₩173.47 Billion +1.18%
2017-12-31 ₩171.44 Billion +10.04%
2016-12-31 ₩155.80 Billion +11.82%
2015-12-31 ₩139.34 Billion +22.69%
2014-12-31 ₩113.57 Billion +13.45%
2013-12-31 ₩100.10 Billion +18.74%
2012-12-31 ₩84.31 Billion +2.85%
2011-12-31 ₩81.98 Billion +3.42%
2010-12-31 ₩79.27 Billion +17.27%
2009-12-31 ₩67.59 Billion +4.34%
2008-12-31 ₩64.78 Billion +14.36%
2007-12-31 ₩56.65 Billion +9.56%
2006-12-31 ₩51.70 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Sangsin Brake'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 19701228292000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩197.01 Billion 87.58%
Other Components ₩27.95 Billion 12.42%
Total Equity ₩224.96 Billion 100.00%

Sangsin Brake Competitors by Market Cap

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

Company Market Cap
LB Lusem Co. Ltd.
KQ:376190
 		$17.07 Million
Display Tech Co. Ltd
KQ:066670
 		$17.07 Million
Firm Capital Apartment Real Estate Investment Trust
PINK:FCAFF
 		$17.07 Million
Phosco Ltd
AU:PHO
 		$17.08 Million
NTF Intergroup (Thailand) Public Company Limited
BK:NTF
 		$17.05 Million
Zhong An Group Limited
F:35Z
 		$17.05 Million
Chang Ho Fibre Corp
TW:1468
 		$17.05 Million
Mustang Industrial
TWO:5460
 		$17.04 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 205,026,150,490 to 224,957,480,800, a change of 19,931,330,310 (9.7%).
  • Net income of 16,264,974,650 contributed positively to equity growth.
  • Dividend payments of 2,209,634,100 reduced retained earnings.
  • Other factors increased equity by 5,875,989,760.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩16.26 Billion +7.23%
Dividends Paid ₩2.21 Billion -0.98%
Other Changes ₩5.88 Billion +2.61%
Total Change ₩- 9.72%

Book Value vs Market Value Analysis

This analysis compares Sangsin Brake'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: 0.22x
  • 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 ₩8587.49 ₩2590.00 x
2018-12-31 ₩8669.32 ₩2590.00 x
2019-12-31 ₩8788.10 ₩2590.00 x
2020-12-31 ₩8450.65 ₩2590.00 x
2021-12-31 ₩9388.75 ₩2590.00 x
2022-12-31 ₩9850.72 ₩2590.00 x
2023-12-31 ₩10590.02 ₩2590.00 x
2024-12-31 ₩11619.52 ₩2590.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sangsin Brake 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): 7.23%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.81%
  • • Asset Turnover: 0.98x
  • • Equity Multiplier: 2.63x
  • Recent ROE (7.23%) is below the historical average (9.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 3.50% 1.54% 1.15x 1.98x ₩-3.31 Billion
2007 9.70% 3.75% 1.29x 2.00x ₩-164.97 Million
2008 9.62% 3.75% 1.21x 2.13x ₩-239.98 Million
2009 8.89% 3.42% 1.19x 2.19x ₩-736.15 Million
2010 17.43% 6.37% 1.15x 2.38x ₩5.79 Billion
2011 9.34% 2.91% 1.16x 2.77x ₩-525.06 Million
2012 11.59% 3.28% 1.22x 2.89x ₩1.29 Billion
2013 17.63% 5.55% 1.14x 2.79x ₩7.33 Billion
2014 17.98% 5.91% 1.12x 2.72x ₩8.83 Billion
2015 19.36% 7.22% 1.09x 2.47x ₩12.67 Billion
2016 12.85% 5.13% 1.08x 2.33x ₩4.31 Billion
2017 13.86% 5.99% 0.97x 2.39x ₩6.41 Billion
2018 4.88% 2.16% 0.88x 2.56x ₩-8.59 Billion
2019 2.38% 1.04% 0.87x 2.66x ₩-12.96 Billion
2020 -1.63% -0.76% 0.79x 2.69x ₩-19.02 Billion
2021 5.39% 2.47% 0.80x 2.72x ₩-8.38 Billion
2022 0.38% 0.15% 0.90x 2.86x ₩-18.35 Billion
2023 6.86% 2.44% 1.02x 2.76x ₩-6.44 Billion
2024 7.23% 2.81% 0.98x 2.63x ₩-6.23 Billion

Industry Comparison

This section compares Sangsin Brake's net assets metrics with peer companies in the Auto Parts industry.

Industry Context

  • Industry: Auto Parts
  • Average net assets among peers: $352,644,129,055
  • Average return on equity (ROE) among peers: 6.05%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sangsin Brake (041650) ₩210.20 Billion 3.50% 1.62x $17.06 Million
Daewonkangup (000430) $587.30 Billion 2.73% 0.78x $58.61 Million
SG Choongbang Co Ltd (001380) $122.98 Billion -4.51% 0.52x $17.60 Million
Tae Won Mulsan (001420) $31.33 Billion 0.26% 0.19x $5.77 Million
Dongkook Ind (001620) $68.65 Billion 0.00% 0.75x $25.09 Million
PS Tec. Co. Ltd (002230) $75.04 Billion 10.41% 0.34x $43.72 Million
Nexen Tire (002350) $1.20 Trillion 14.45% 1.18x $173.78 Million
Nexen Tire Prf 1 (002355) $1.03 Trillion 12.11% 1.50x $102.95 Million
Dayou A-Tech (002880) $52.20 Billion 11.76% 2.72x $13.11 Million
Yoo Sung Ent (002920) $295.14 Billion -1.60% 0.39x $17.59 Million
Chin Yang Ind (003780) $57.01 Billion 14.90% 0.58x $24.34 Million