Noroo Paint
NOROO Paint & Coatings Co., Ltd. engages in the development, manufacture, and sale of paints, synthetic resins, adhesives, pigments, inks, waterproof coating products, surface treatment coating products, and machinery for printing materials in South Korea and internationally. It provides floor, waterproof, heavy-duty, PCM, and industrial coating products, as well as architectural and automotive r… Read more
Noroo Paint (090350) - Net Assets
Latest net assets as of September 2025: ₩414.60 Billion KRW
Based on the latest financial reports, Noroo Paint (090350) has net assets worth ₩414.60 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 (₩694.90 Billion) and total liabilities (₩280.30 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 | ₩414.60 Billion |
| % of Total Assets | 59.66% |
| Annual Growth Rate | 5.67% |
| 5-Year Change | 21.86% |
| 10-Year Change | 50.01% |
| Growth Volatility | 8.39 |
Noroo Paint - Net Assets Trend (2006–2024)
This chart illustrates how Noroo Paint's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Noroo Paint (2006–2024)
The table below shows the annual net assets of Noroo Paint from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩406.84 Billion | +8.70% |
| 2023-12-31 | ₩374.28 Billion | +6.13% |
| 2022-12-31 | ₩352.67 Billion | +2.23% |
| 2021-12-31 | ₩344.99 Billion | +3.33% |
| 2020-12-31 | ₩333.86 Billion | +3.57% |
| 2019-12-31 | ₩322.37 Billion | +4.73% |
| 2018-12-31 | ₩307.81 Billion | +2.93% |
| 2017-12-31 | ₩299.03 Billion | +8.17% |
| 2016-12-31 | ₩276.45 Billion | +1.94% |
| 2015-12-31 | ₩271.20 Billion | +12.41% |
| 2014-12-31 | ₩241.26 Billion | +4.60% |
| 2013-12-31 | ₩230.64 Billion | +3.57% |
| 2012-12-31 | ₩222.71 Billion | -0.61% |
| 2011-12-31 | ₩224.08 Billion | +38.20% |
| 2010-12-31 | ₩162.14 Billion | +3.01% |
| 2009-12-31 | ₩157.41 Billion | +0.52% |
| 2008-12-31 | ₩156.58 Billion | +1.95% |
| 2007-12-31 | ₩153.58 Billion | +1.87% |
| 2006-12-31 | ₩150.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noroo Paint'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 4752.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩284.73 Billion | 69.99% |
| Other Components | ₩122.11 Billion | 30.01% |
| Total Equity | ₩406.84 Billion | 100.00% |
Noroo Paint Competitors by Market Cap
The table below lists competitors of Noroo Paint ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amoeba SA
PA:ALMIB
|
$58.28 Million |
|
AGILYX ASA NK -02
F:5NQ
|
$58.32 Million |
|
R&B FOOD SUPPLY
BK:RBF-R
|
$58.33 Million |
|
We & Win Development Co Ltd
TW:2537
|
$58.35 Million |
|
Columbus A/S
CO:COLUM
|
$58.26 Million |
|
DAM CAPITAL ADVISORS LTD
NSE:DAMCAPITAL
|
$58.25 Million |
|
Skyline Bankshares Inc.
OTCQX:SLBK
|
$58.25 Million |
|
Suheung Capsul
KO:008490
|
$58.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noroo Paint's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 374,279,148,480 to 406,837,318,790, a change of 32,558,170,310 (8.7%).
- Net income of 35,165,884,490 contributed positively to equity growth.
- Dividend payments of 6,653,250,590 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩35.17 Billion | +8.64% |
| Dividends Paid | ₩6.65 Billion | -1.64% |
| Other Changes | ₩4.05 Billion | +0.99% |
| Total Change | ₩- | 8.70% |
Book Value vs Market Value Analysis
This analysis compares Noroo Paint'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: 0.42x
- 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 0.42x 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 | ₩14951.49 | ₩8500.00 | x |
| 2018-12-31 | ₩15390.29 | ₩8500.00 | x |
| 2019-12-31 | ₩16118.43 | ₩8500.00 | x |
| 2020-12-31 | ₩16693.11 | ₩8500.00 | x |
| 2021-12-31 | ₩16859.18 | ₩8500.00 | x |
| 2022-12-31 | ₩17633.67 | ₩8500.00 | x |
| 2023-12-31 | ₩18713.96 | ₩8500.00 | x |
| 2024-12-31 | ₩20341.87 | ₩8500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noroo Paint 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): 8.64%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.43%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 1.64x
- Recent ROE (8.64%) is above the historical average (5.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 3.38% | 3.11% | 0.54x | 2.00x | ₩-9.98 Billion |
| 2007 | 3.03% | 1.72% | 0.88x | 2.01x | ₩-10.70 Billion |
| 2008 | 3.00% | 1.64% | 0.85x | 2.14x | ₩-10.96 Billion |
| 2009 | 1.68% | 0.97% | 0.84x | 2.06x | ₩-13.09 Billion |
| 2010 | 3.82% | 1.92% | 0.99x | 2.00x | ₩-10.03 Billion |
| 2011 | 3.87% | 2.24% | 0.79x | 2.19x | ₩-13.73 Billion |
| 2012 | 2.02% | 1.07% | 0.79x | 2.37x | ₩-17.78 Billion |
| 2013 | 5.00% | 2.66% | 0.82x | 2.29x | ₩-11.53 Billion |
| 2014 | 6.22% | 3.27% | 0.84x | 2.26x | ₩-9.13 Billion |
| 2015 | 12.08% | 7.09% | 0.81x | 2.11x | ₩5.64 Billion |
| 2016 | 3.44% | 1.98% | 0.84x | 2.06x | ₩-18.15 Billion |
| 2017 | 9.85% | 5.34% | 0.93x | 1.98x | ₩-458.50 Million |
| 2018 | 4.14% | 2.07% | 1.01x | 1.97x | ₩-18.04 Billion |
| 2019 | 5.86% | 2.92% | 1.03x | 1.95x | ₩-13.34 Billion |
| 2020 | 5.39% | 2.80% | 0.96x | 2.00x | ₩-15.40 Billion |
| 2021 | 4.19% | 1.98% | 1.09x | 1.94x | ₩-20.05 Billion |
| 2022 | 3.27% | 1.53% | 1.13x | 1.89x | ₩-23.72 Billion |
| 2023 | 7.45% | 3.57% | 1.17x | 1.79x | ₩-9.56 Billion |
| 2024 | 8.64% | 4.43% | 1.19x | 1.64x | ₩-5.52 Billion |
Industry Comparison
This section compares Noroo Paint's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $729,340,395,312
- Average return on equity (ROE) among peers: 5.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noroo Paint (090350) | ₩414.60 Billion | 3.38% | 0.68x | $58.27 Million |
| DL Holdings CO. LTD. (000210) | $4.53 Trillion | 19.10% | 0.84x | $381.57 Million |
| Norooholdings (000320) | $402.45 Billion | 6.30% | 1.12x | $45.80 Million |
| Noroo Holdings Co Ltd (000325) | $583.54 Billion | 0.27% | 0.81x | $60.77 Million |
| Samhwa Paint (000390) | $299.72 Billion | 1.87% | 0.96x | $86.24 Million |
| Kangnam Jevisco Co Ltd (000860) | $366.15 Billion | 10.97% | 0.26x | $58.42 Million |
| Paik Kwang Ind (001340) | $204.57 Billion | 3.85% | 1.06x | $113.44 Million |
| Bo Lak (002760) | $43.76 Billion | 2.53% | 0.22x | $30.02 Million |
| Songwon Industrial (004430) | $543.25 Billion | 13.30% | 1.05x | $79.87 Million |
| Cho Kwang Pain (004910) | $172.73 Billion | -1.34% | 0.81x | $17.90 Million |
| Cosmoam&T (005070) | $147.00 Billion | -3.99% | 0.78x | $305.37 Million |