Drb Industrial (163560) - Net Assets
Based on the latest financial reports, Drb Industrial (163560) has net assets worth ₩231.75 Billion KRW (≈ $157.06 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 (₩336.09 Billion ≈ $227.77 Million USD) and total liabilities (₩104.34 Billion ≈ $70.71 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 financial resilience of Drb Industrial to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩231.75 Billion |
| % of Total Assets | 68.95% |
| Annual Growth Rate | 4.83% |
| 5-Year Change | 14.49% |
| 10-Year Change | 42.82% |
| Growth Volatility | 3.71 |
Drb Industrial - Net Assets Trend (2014–2024)
This chart illustrates how Drb Industrial's net assets have evolved over time, based on quarterly financial data. Also explore 163560 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Drb Industrial (2014–2024)
The table below shows the annual net assets of Drb Industrial from 2014 to 2024. For live valuation and market cap data, see market value of Drb Industrial.
| Year | Net Assets | Change |
|---|---|---|
| 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 251.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩117.18 Billion | 51.75% |
| Other Components | ₩109.25 Billion | 48.25% |
| Total Equity | ₩226.43 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 |
|---|---|
|
AudioEye Inc
NASDAQ:AEYE
|
$71.03 Million |
|
Spark I Acquisition Corp. Class A Ordinary Share
NASDAQ:SPKL
|
$71.04 Million |
|
NIP Group Inc. American Depositary Shares
NASDAQ:NIPG
|
$71.05 Million |
|
Africa Energy Corp
V:AFE
|
$71.06 Million |
|
Teads B.V.
NASDAQ:TEAD
|
$71.02 Million |
|
Fold Holdings, Inc. Class A Common Stock
NASDAQ:FLD
|
$71.01 Million |
|
Transindia Real Estate Limited
NSE:TREL
|
$70.97 Million |
|
Scana ASA
OL:SCANA
|
$70.96 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 2023 to 2024, total equity changed from 220,292,359,240 to 226,428,006,190, a change of 6,135,646,950 (2.8%).
- Net income of 10,886,835,570 contributed positively to equity growth.
- Dividend payments of 2,085,000,000 reduced retained earnings.
- Other factors decreased equity by 2,666,188,620.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩10.89 Billion | +4.81% |
| Dividends Paid | ₩2.08 Billion | -0.92% |
| Other Changes | ₩-2.67 Billion | -1.18% |
| Total Change | ₩- | 2.79% |
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: 0.46x
- 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 0.58x to 0.46x 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 | ₩7540.00 | x |
| 2018-12-31 | ₩13822.66 | ₩7540.00 | x |
| 2019-12-31 | ₩14232.84 | ₩7540.00 | x |
| 2020-12-31 | ₩14644.56 | ₩7540.00 | x |
| 2021-12-31 | ₩14643.30 | ₩7540.00 | x |
| 2022-12-31 | ₩15352.94 | ₩7540.00 | x |
| 2023-12-31 | ₩15848.37 | ₩7540.00 | x |
| 2024-12-31 | ₩16289.78 | ₩7540.00 | 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): 4.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.56x
- Recent ROE (4.81%) is below the historical average (5.94%), 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 |
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: $565,000,713,308
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Drb Industrial (163560) | ₩231.75 Billion | 13.47% | 0.45x | $71.03 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $1.60 Billion |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $183.40 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $33.46 Million |
| Tae Won Mulsan (001420) | $32.20 Billion | 1.67% | 0.19x | $15.16 Million |
| Dongkook Ind (001620) | $170.07 Billion | -12.97% | 2.34x | $48.42 Million |
| PS Tec. Co. Ltd (002230) | $42.65 Billion | 9.95% | 0.26x | $112.51 Million |
| Nexen Tire (002350) | $1.60 Trillion | 0.30% | 1.39x | $484.20 Million |
| Nexen Tire Prf 1 (002355) | $1.56 Trillion | 7.59% | 1.21x | $19.07 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $31.63 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $33.27 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