Sunjin (136490) - Net Assets
Based on the latest financial reports, Sunjin (136490) has net assets worth ₩557.06 Billion KRW (≈ $377.51 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.36 Trillion ≈ $919.16 Million USD) and total liabilities (₩799.26 Billion ≈ $541.65 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 Sunjin liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩557.06 Billion |
| % of Total Assets | 41.07% |
| Annual Growth Rate | 11.11% |
| 5-Year Change | 20.65% |
| 10-Year Change | 144.22% |
| Growth Volatility | 19.74 |
Sunjin - Net Assets Trend (2013–2024)
This chart illustrates how Sunjin's net assets have evolved over time, based on quarterly financial data. Also explore how large is Sunjin's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Sunjin (2013–2024)
The table below shows the annual net assets of Sunjin from 2013 to 2024. For live valuation and market cap data, see how much is Sunjin worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩463.35 Billion ≈ $314.00 Million |
+4.57% |
| 2023-12-31 | ₩443.10 Billion ≈ $300.28 Million |
+0.56% |
| 2022-12-31 | ₩440.62 Billion ≈ $298.60 Million |
+2.53% |
| 2021-12-31 | ₩429.76 Billion ≈ $291.24 Million |
+11.91% |
| 2020-12-31 | ₩384.04 Billion ≈ $260.26 Million |
+15.92% |
| 2019-12-31 | ₩331.29 Billion ≈ $224.51 Million |
+0.05% |
| 2018-12-31 | ₩331.12 Billion ≈ $224.40 Million |
-1.10% |
| 2017-12-31 | ₩334.82 Billion ≈ $226.90 Million |
+71.87% |
| 2016-12-31 | ₩194.82 Billion ≈ $132.02 Million |
+2.68% |
| 2015-12-31 | ₩189.73 Billion ≈ $128.57 Million |
+13.32% |
| 2014-12-31 | ₩167.42 Billion ≈ $113.46 Million |
+15.11% |
| 2013-12-31 | ₩145.45 Billion ≈ $98.57 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sunjin'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 411.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩372.73 Billion | 82.96% |
| Other Components | ₩76.58 Billion | 17.04% |
| Total Equity | ₩449.31 Billion | 100.00% |
Sunjin Competitors by Market Cap
The table below lists competitors of Sunjin ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orthocell Ltd
AU:OCC
|
$172.77 Million |
|
Melar Acquisition Corp. I Class A Ordinary Shares
NASDAQ:MACI
|
$172.88 Million |
|
D-Link (India) Limited
NSE:DLINKINDIA
|
$172.90 Million |
|
Hansol Technics
KO:004710
|
$173.10 Million |
|
Lemtech Holdings Co Ltd
TW:4912
|
$172.70 Million |
|
Sparebanken Ost
OL:SPOG
|
$172.69 Million |
|
Strawberry Fields REIT LLC
NYSE MKT:STRW
|
$172.66 Million |
|
Open Lending Corp
NASDAQ:LPRO
|
$172.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunjin's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 430,122,792,480 to 449,313,508,000, a change of 19,190,715,520 (4.5%).
- Net income of 5,473,325,940 contributed positively to equity growth.
- Dividend payments of 2,437,320,800 reduced retained earnings.
- Other factors increased equity by 16,154,710,380.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.47 Billion | +1.22% |
| Dividends Paid | ₩2.44 Billion | -0.54% |
| Other Changes | ₩16.15 Billion | +3.6% |
| Total Change | ₩- | 4.46% |
Book Value vs Market Value Analysis
This analysis compares Sunjin'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: 0.57x
- 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 0.79x to 0.57x 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 | ₩13568.69 | ₩10720.00 | x |
| 2018-12-31 | ₩13311.82 | ₩10720.00 | x |
| 2019-12-31 | ₩13439.18 | ₩10720.00 | x |
| 2020-12-31 | ₩15558.17 | ₩10720.00 | x |
| 2021-12-31 | ₩17371.23 | ₩10720.00 | x |
| 2022-12-31 | ₩17831.02 | ₩10720.00 | x |
| 2023-12-31 | ₩18088.19 | ₩10720.00 | x |
| 2024-12-31 | ₩18895.23 | ₩10720.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunjin 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): 1.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.33%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 2.86x
- Recent ROE (1.22%) is below the historical average (11.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 20.19% | 5.61% | 1.84x | 1.95x | ₩14.80 Billion |
| 2014 | 14.07% | 3.95% | 1.55x | 2.29x | ₩6.80 Billion |
| 2015 | 10.15% | 3.18% | 1.38x | 2.31x | ₩278.21 Million |
| 2016 | 16.94% | 4.89% | 1.19x | 2.92x | ₩12.92 Billion |
| 2017 | 16.54% | 6.53% | 1.19x | 2.13x | ₩21.10 Billion |
| 2018 | 5.66% | 1.96% | 0.99x | 2.90x | ₩-13.73 Billion |
| 2019 | 6.69% | 2.11% | 1.03x | 3.08x | ₩-10.59 Billion |
| 2020 | 22.60% | 6.20% | 1.20x | 3.03x | ₩46.61 Billion |
| 2021 | 10.38% | 2.50% | 1.42x | 2.93x | ₩1.59 Billion |
| 2022 | 5.47% | 1.24% | 1.40x | 3.15x | ₩-19.21 Billion |
| 2023 | 3.24% | 0.73% | 1.51x | 2.93x | ₩-29.09 Billion |
| 2024 | 1.22% | 0.33% | 1.31x | 2.86x | ₩-39.46 Billion |
Industry Comparison
This section compares Sunjin's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $42,897,147,208
- Average return on equity (ROE) among peers: 10.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunjin (136490) | ₩557.06 Billion | 20.19% | 1.43x | $172.75 Million |
| Hantop Inc (002680) | $47.32 Billion | 4.41% | 1.92x | $15.03 Million |
| Woorison F&G Co. Ltd (073560) | $65.60 Billion | 31.40% | 2.36x | $83.38 Million |
| Milae Bioresources Co. Ltd (218150) | $30.45 Billion | 3.13% | 0.28x | $43.40 Million |
| Korea Mcnulty Co Ltd (222980) | $28.22 Billion | 4.47% | 0.44x | $18.93 Million |
About Sunjin
Sunjin Co.,Ltd., together with its subsidiaries, produces and sells prepared animal feed in South Korea and internationally. The company operates in five segments: Feed, Meat, Pig Farming, Meat Processing, and Others. It offers feed for pig and dairy farming, and fattening purposes; and processes and distributes meat products, such as steak/patty, cutlet, balls/mini meat patty, fried food, ham, s… Read more