Sangsin Brake (041650) - Net Assets

Latest as of March 2026: ₩224.77 Billion KRW ≈ $152.32 Million USD

Based on the latest financial reports, Sangsin Brake (041650) has net assets worth ₩224.77 Billion KRW (≈ $152.32 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 (₩569.96 Billion ≈ $386.25 Million USD) and total liabilities (₩345.20 Billion ≈ $233.93 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 Sangsin Brake (041650) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩224.77 Billion
% of Total Assets	39.44%
Annual Growth Rate	7.9%
5-Year Change	16.29%
10-Year Change	40.66%
Growth Volatility	7.26

Sangsin Brake - Net Assets Trend (2006–2025)

This chart illustrates how Sangsin Brake's net assets have evolved over time, based on quarterly financial data. See Sangsin Brake liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Sangsin Brake (2006–2025)

The table below shows the annual net assets of Sangsin Brake from 2006 to 2025. For live valuation and market cap data, see 041650 market cap.

Year	Net Assets	Change
2025-12-31	₩219.15 Billion ≈ $148.51 Million	-5.80%
2024-12-31	₩232.64 Billion ≈ $157.66 Million	+9.82%
2023-12-31	₩211.84 Billion ≈ $143.56 Million	+7.21%
2022-12-31	₩197.59 Billion ≈ $133.90 Million	+4.85%
2021-12-31	₩188.45 Billion ≈ $127.71 Million	+10.74%
2020-12-31	₩170.17 Billion ≈ $115.32 Million	-3.79%
2019-12-31	₩176.88 Billion ≈ $119.87 Million	+1.97%
2018-12-31	₩173.47 Billion ≈ $117.56 Million	+1.18%
2017-12-31	₩171.44 Billion ≈ $116.18 Million	+10.04%
2016-12-31	₩155.80 Billion ≈ $105.59 Million	+11.82%
2015-12-31	₩139.34 Billion ≈ $94.43 Million	+22.69%
2014-12-31	₩113.57 Billion ≈ $76.96 Million	+13.45%
2013-12-31	₩100.10 Billion ≈ $67.84 Million	+18.74%
2012-12-31	₩84.31 Billion ≈ $57.13 Million	+2.85%
2011-12-31	₩81.98 Billion ≈ $55.55 Million	+3.42%
2010-12-31	₩79.27 Billion ≈ $53.72 Million	+17.27%
2009-12-31	₩67.59 Billion ≈ $45.81 Million	+4.34%
2008-12-31	₩64.78 Billion ≈ $43.90 Million	+14.36%
2007-12-31	₩56.65 Billion ≈ $38.39 Million	+9.56%
2006-12-31	₩51.70 Billion ≈ $35.04 Million	--

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 18476580799000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩184.77 Billion	87.21%
Other Components	₩27.11 Billion	12.79%
Total Equity	₩211.87 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
4Mass SA WAR:4MS	$29.92 Million
Vikas Lifecare Limited NSE:VIKASLIFE	$29.93 Million
Santa Fe Minerals Ltd AU:SFM	$29.95 Million
Broadpeak SA PA:ALBPK	$29.96 Million
Medical Developments International Ltd AU:MVP	$29.89 Million
FERRO-ALLOY RES. F:5PE	$29.89 Million
Arch Biopartners Inc V:ARCH	$29.89 Million
Trisula International Tbk JK:TRIS	$29.89 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 2024 to 2025, total equity changed from 224,957,480,800 to 211,874,859,480, a change of -13,082,621,320 (-5.8%).
Net loss of 11,904,419,870 reduced equity.
Dividend payments of 2,258,031,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩-11.90 Billion	-5.62%
Dividends Paid	₩2.26 Billion	-1.07%
Other Changes	₩1.08 Billion	+0.51%
Total Change	₩-	-5.82%

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: 0.21x
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	₩2280.00	x
2018-12-31	₩8669.32	₩2280.00	x
2019-12-31	₩8788.10	₩2280.00	x
2020-12-31	₩8450.65	₩2280.00	x
2021-12-31	₩9388.75	₩2280.00	x
2022-12-31	₩9850.72	₩2280.00	x
2023-12-31	₩10590.02	₩2280.00	x
2024-12-31	₩11619.52	₩2280.00	x
2025-12-31	₩10943.77	₩2280.00	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): -5.62%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -2.20%
• Asset Turnover: 0.97x
• Equity Multiplier: 2.63x
Recent ROE (-5.62%) is below the historical average (8.58%), 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
2025	-5.62%	-2.20%	0.97x	2.63x	₩-33.09 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: $652,001,277,004
Average return on equity (ROE) among peers: 7.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sangsin Brake (041650)	₩224.77 Billion	3.50%	1.54x	$29.91 Million
Hankook Tire Worldwide (000240)	$3.00 Trillion	5.66%	0.09x	$1.58 Billion
Daewonkangup (000430)	$490.61 Billion	2.53%	1.34x	$194.75 Million
SG Choongbang Co Ltd (001380)	$124.57 Billion	-1.20%	0.62x	$44.95 Million
Tae Won Mulsan (001420)	$31.38 Billion	2.60%	0.35x	$11.85 Million
Dongkook Ind (001620)	$268.05 Billion	11.77%	2.22x	$182.52 Million
PS Tec. Co. Ltd (002230)	$101.46 Billion	24.27%	0.32x	$61.14 Million
Nexen Tire (002350)	$1.20 Trillion	14.45%	1.18x	$464.65 Million
Nexen Tire Prf 1 (002355)	$933.36 Billion	13.77%	1.71x	$17.93 Million
Dayou A-Tech (002880)	$203.50 Billion	0.00%	3.17x	$26.24 Million
Yoo Sung Ent (002920)	$168.22 Billion	0.00%	0.38x	$31.08 Million

About Sangsin Brake

KO:041650 Korea Auto Parts

Market Cap

$29.91 Million

₩44.14 Billion KRW

Market Cap Rank

#23833 Global

#1631 in Korea

Share Price

₩2280.00

Change (1 day)

-2.36%

52-Week Range

₩2200.00 - ₩3020.00

All Time High

₩7052.50