Noroo Paint (090350) - Net Assets

Latest as of March 2026: ₩416.98 Billion KRW ≈ $282.58 Million USD

Based on the latest financial reports, Noroo Paint (090350) has net assets worth ₩416.98 Billion KRW (≈ $282.58 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 (₩710.73 Billion ≈ $481.65 Million USD) and total liabilities (₩293.75 Billion ≈ $199.07 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 090350 tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩416.98 Billion
% of Total Assets	58.67%
Annual Growth Rate	5.49%
5-Year Change	20.58%
10-Year Change	50.47%
Growth Volatility	8.21

Noroo Paint - Net Assets Trend (2006–2025)

This chart illustrates how Noroo Paint's net assets have evolved over time, based on quarterly financial data. See 090350 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Noroo Paint (2006–2025)

The table below shows the annual net assets of Noroo Paint from 2006 to 2025. For live valuation and market cap data, see Noroo Paint market cap and net worth.

Year	Net Assets	Change
2025-12-31	₩415.98 Billion ≈ $281.90 Million	+2.25%
2024-12-31	₩406.84 Billion ≈ $275.71 Million	+8.70%
2023-12-31	₩374.28 Billion ≈ $253.64 Million	+6.13%
2022-12-31	₩352.67 Billion ≈ $239.00 Million	+2.23%
2021-12-31	₩344.99 Billion ≈ $233.80 Million	+3.33%
2020-12-31	₩333.86 Billion ≈ $226.25 Million	+3.57%
2019-12-31	₩322.37 Billion ≈ $218.46 Million	+4.73%
2018-12-31	₩307.81 Billion ≈ $208.60 Million	+2.93%
2017-12-31	₩299.03 Billion ≈ $202.65 Million	+8.17%
2016-12-31	₩276.45 Billion ≈ $187.35 Million	+1.94%
2015-12-31	₩271.20 Billion ≈ $183.79 Million	+12.41%
2014-12-31	₩241.26 Billion ≈ $163.50 Million	+4.60%
2013-12-31	₩230.64 Billion ≈ $156.30 Million	+3.57%
2012-12-31	₩222.71 Billion ≈ $150.92 Million	-0.61%
2011-12-31	₩224.08 Billion ≈ $151.85 Million	+38.20%
2010-12-31	₩162.14 Billion ≈ $109.88 Million	+3.01%
2009-12-31	₩157.41 Billion ≈ $106.67 Million	+0.52%
2008-12-31	₩156.58 Billion ≈ $106.11 Million	+1.95%
2007-12-31	₩153.58 Billion ≈ $104.08 Million	+1.87%
2006-12-31	₩150.77 Billion ≈ $102.17 Million	--

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 4922.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩294.67 Billion	70.84%
Other Components	₩121.31 Billion	29.16%
Total Equity	₩415.98 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
Namsun Alumini KO:008350	$105.76 Million
Argent JSE:ART	$105.76 Million
Faraday Future Intelligent Electric Inc NASDAQ:FFIE	$105.77 Million
MEDIPOST Co. Ltd KQ:078160	$105.79 Million
Spyrosoft Spólka Akcyjna F:2NP	$105.66 Million
Lee Ku Ind KO:025820	$105.61 Million
ATrack Technology TWO:6465	$105.60 Million
Farcent Enterprise Co Ltd TW:1730	$105.59 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 2024 to 2025, total equity changed from 406,837,318,790 to 415,977,242,650, a change of 9,139,923,860 (2.2%).
Net income of 16,461,366,910 contributed positively to equity growth.
Dividend payments of 7,163,261,520 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩16.46 Billion	+3.96%
Dividends Paid	₩7.16 Billion	-1.72%
Other Changes	₩-158.18 Million	-0.04%
Total Change	₩-	2.25%

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: 0.38x
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 0.52x to 0.38x 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	₩7800.00	x
2018-12-31	₩15390.29	₩7800.00	x
2019-12-31	₩16118.43	₩7800.00	x
2020-12-31	₩16693.11	₩7800.00	x
2021-12-31	₩16859.18	₩7800.00	x
2022-12-31	₩17633.67	₩7800.00	x
2023-12-31	₩18713.96	₩7800.00	x
2024-12-31	₩20341.87	₩7800.00	x
2025-12-31	₩20798.86	₩7800.00	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): 3.96%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.13%
• Asset Turnover: 1.11x
• Equity Multiplier: 1.66x
Recent ROE (3.96%) is below the historical average (5.01%), 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	3.38%	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
2025	3.96%	2.13%	1.11x	1.66x	₩-25.14 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: $857,047,833,272
Average return on equity (ROE) among peers: 6.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Noroo Paint (090350)	₩416.98 Billion	3.38%	0.70x	$105.72 Million
DL Holdings CO. LTD. (000210)	$1.84 Trillion	11.74%	1.01x	$743.27 Million
DL Holdings Co Ltd Preferred (000215)	$4.53 Trillion	19.10%	0.84x	$26.71 Million
Norooholdings (000320)	$577.52 Billion	7.38%	0.71x	$124.67 Million
Noroo Holdings Co Ltd (000325)	$439.84 Billion	5.41%	1.05x	$4.45 Million
Samhwa Paint (000390)	$292.41 Billion	0.67%	0.85x	$110.32 Million
Kangnam Jevisco Co Ltd (000860)	$208.80 Billion	9.05%	0.39x	$114.97 Million
Paik Kwang Ind (001340)	$177.23 Billion	5.72%	0.82x	$174.73 Million
Bo Lak (002760)	$40.01 Billion	-0.43%	0.24x	$38.36 Million
Songwon Industrial (004430)	$286.72 Billion	7.18%	2.01x	$165.41 Million
Cho Kwang Pain (004910)	$172.73 Billion	-1.34%	0.81x	$25.59 Million

About Noroo Paint

KO:090350 Korea Specialty Chemicals

Market Cap

$105.72 Million

₩156.00 Billion KRW

Market Cap Rank

#19071 Global

#920 in Korea

Share Price

₩7800.00

Change (1 day)

-1.76%

52-Week Range

₩7170.00 - ₩9930.00

All Time High

₩13930.28