Drb Industrial (163560) - Net Assets
Based on the latest financial reports, Drb Industrial (163560) has net assets worth ₩239.01 Billion KRW (≈ $161.97 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩355.35 Billion ≈ $240.81 Million USD) and total liabilities (₩116.34 Billion ≈ $78.84 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 tangible equity quality of Drb Industrial to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩239.01 Billion |
| % of Total Assets | 67.26% |
| Annual Growth Rate | 4.79% |
| 5-Year Change | 14.34% |
| 10-Year Change | 34.41% |
| Growth Volatility | 3.54 |
Drb Industrial - Net Assets Trend (2014–2025)
This chart illustrates how Drb Industrial's net assets have evolved over time, based on quarterly financial data. See Drb Industrial (163560) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Drb Industrial (2014–2025)
The table below shows the annual net assets of Drb Industrial from 2014 to 2025. For live valuation and market cap data, see market value of Drb Industrial.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩239.01 Billion ≈ $161.97 Million |
+4.43% |
| 2024-12-31 | ₩228.87 Billion ≈ $155.10 Million |
+2.31% |
| 2023-12-31 | ₩223.70 Billion ≈ $151.60 Million |
+2.61% |
| 2022-12-31 | ₩218.00 Billion ≈ $147.74 Million |
+4.29% |
| 2021-12-31 | ₩209.04 Billion ≈ $141.66 Million |
+4.57% |
| 2020-12-31 | ₩199.90 Billion ≈ $135.47 Million |
+3.31% |
| 2019-12-31 | ₩193.49 Billion ≈ $131.12 Million |
+3.42% |
| 2018-12-31 | ₩187.10 Billion ≈ $126.79 Million |
+5.80% |
| 2017-12-31 | ₩176.84 Billion ≈ $119.84 Million |
-0.55% |
| 2016-12-31 | ₩177.82 Billion ≈ $120.50 Million |
+10.96% |
| 2015-12-31 | ₩160.25 Billion ≈ $108.60 Million |
+12.19% |
| 2014-12-31 | ₩142.84 Billion ≈ $96.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Drb Industrial'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 284.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩128.18 Billion | 53.99% |
| Other Components | ₩109.25 Billion | 46.01% |
| Total Equity | ₩237.44 Billion | 100.00% |
Drb Industrial Competitors by Market Cap
The table below lists competitors of Drb Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pricer AB (publ)
ST:PRIC-B
|
$58.90 Million |
|
COWELL FASHION Co.Ltd
KQ:033290
|
$58.91 Million |
|
Conrad Asia Energy Ltd
AU:CRD
|
$58.91 Million |
|
Yatra Online Inc
NASDAQ:YTRA
|
$58.91 Million |
|
Ni Steel
KO:008260
|
$58.83 Million |
|
Changhong Meiling Co Ltd B
SHE:200521
|
$58.83 Million |
|
Chin Well Holdings Bhd
KLSE:5007
|
$58.80 Million |
|
Phosco Ltd
AU:PHO
|
$58.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Drb Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 226,428,006,190 to 237,435,865,780, a change of 11,007,859,590 (4.9%).
- Net income of 10,658,276,720 contributed positively to equity growth.
- Dividend payments of 2,085,000,000 reduced retained earnings.
- Other factors increased equity by 2,434,582,870.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩10.66 Billion | +4.49% |
| Dividends Paid | ₩2.08 Billion | -0.88% |
| Other Changes | ₩2.43 Billion | +1.03% |
| Total Change | ₩- | 4.86% |
Book Value vs Market Value Analysis
This analysis compares Drb Industrial'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: 0.37x
- 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 0.48x to 0.37x 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 | ₩13084.86 | ₩6250.00 | x |
| 2018-12-31 | ₩13822.66 | ₩6250.00 | x |
| 2019-12-31 | ₩14232.84 | ₩6250.00 | x |
| 2020-12-31 | ₩14644.56 | ₩6250.00 | x |
| 2021-12-31 | ₩14643.30 | ₩6250.00 | x |
| 2022-12-31 | ₩15352.94 | ₩6250.00 | x |
| 2023-12-31 | ₩15848.37 | ₩6250.00 | x |
| 2024-12-31 | ₩16289.78 | ₩6250.00 | x |
| 2025-12-31 | ₩17081.72 | ₩6250.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Drb Industrial 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): 4.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.92%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 1.50x
- Recent ROE (4.49%) is below the historical average (5.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 13.47% | 7.72% | 1.05x | 1.66x | ₩4.95 Billion |
| 2015 | 11.99% | 7.56% | 1.02x | 1.55x | ₩3.20 Billion |
| 2016 | 10.06% | 7.63% | 0.85x | 1.56x | ₩102.85 Million |
| 2017 | 0.62% | 0.42% | 0.96x | 1.54x | ₩-16.59 Billion |
| 2018 | 5.50% | 3.91% | 0.92x | 1.52x | ₩-8.42 Billion |
| 2019 | 4.28% | 3.16% | 0.93x | 1.45x | ₩-11.07 Billion |
| 2020 | 3.64% | 2.99% | 0.88x | 1.38x | ₩-12.71 Billion |
| 2021 | 2.98% | 2.19% | 0.88x | 1.54x | ₩-14.29 Billion |
| 2022 | 3.65% | 2.00% | 1.02x | 1.79x | ₩-13.55 Billion |
| 2023 | 4.35% | 2.68% | 0.96x | 1.70x | ₩-12.45 Billion |
| 2024 | 4.81% | 3.23% | 0.95x | 1.56x | ₩-11.76 Billion |
| 2025 | 4.49% | 2.92% | 1.03x | 1.50x | ₩-13.09 Billion |
Industry Comparison
This section compares Drb Industrial'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 |
|---|---|---|---|---|
| Drb Industrial (163560) | ₩239.01 Billion | 13.47% | 0.49x | $58.87 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 Drb Industrial
DRB Industrial Co., Ltd. manufactures and distributes rubber belts in Korea. The company offers vehicle sealings, such as glass run/channels, door seals, body seals, tailgate seals, and hood seals; construction materials, including low vibration track systems, ballast mats, platform gap fillers, and fastening systems for railway products; rubber fender, automatic cable cover belt, and accessories… Read more