Sung Kwang Bend Co.Ltd
Sung Kwang Bend Co.,Ltd. engages in the manufacture and sale of pipe fittings worldwide. It offers elbows, tees, reducers, caps, stub-ends, laterals, carbon steel, and stainless and other products. The company was founded in 1963 and is headquartered in Busan, South Korea.
Sung Kwang Bend Co.Ltd (014620) - Net Assets
Latest net assets as of September 2025: ₩539.83 Billion KRW
Based on the latest financial reports, Sung Kwang Bend Co.Ltd (014620) has net assets worth ₩539.83 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 (₩580.78 Billion) and total liabilities (₩40.94 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 | ₩539.83 Billion |
| % of Total Assets | 92.95% |
| Annual Growth Rate | 12.81% |
| 5-Year Change | 18.66% |
| 10-Year Change | 11.43% |
| Growth Volatility | 18.61 |
Sung Kwang Bend Co.Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Sung Kwang Bend Co.Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sung Kwang Bend Co.Ltd (2003–2024)
The table below shows the annual net assets of Sung Kwang Bend Co.Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩518.75 Billion | +2.64% |
| 2023-12-31 | ₩505.42 Billion | +7.14% |
| 2022-12-31 | ₩471.74 Billion | +8.58% |
| 2021-12-31 | ₩434.48 Billion | -0.62% |
| 2020-12-31 | ₩437.17 Billion | -0.48% |
| 2019-12-31 | ₩439.26 Billion | +0.74% |
| 2018-12-31 | ₩436.03 Billion | -3.18% |
| 2017-12-31 | ₩450.36 Billion | -3.99% |
| 2016-12-31 | ₩469.07 Billion | +0.76% |
| 2015-12-31 | ₩465.52 Billion | +2.98% |
| 2014-12-31 | ₩452.05 Billion | +3.99% |
| 2013-12-31 | ₩434.70 Billion | +16.89% |
| 2012-12-31 | ₩371.88 Billion | +16.05% |
| 2011-12-31 | ₩320.44 Billion | +8.97% |
| 2010-12-31 | ₩294.07 Billion | +5.88% |
| 2009-12-31 | ₩277.74 Billion | +44.80% |
| 2008-12-31 | ₩191.81 Billion | +49.80% |
| 2007-12-31 | ₩128.05 Billion | +64.66% |
| 2006-12-31 | ₩77.77 Billion | +34.75% |
| 2005-12-31 | ₩57.71 Billion | +24.80% |
| 2004-12-31 | ₩46.24 Billion | +12.14% |
| 2003-12-31 | ₩41.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sung Kwang Bend Co.Ltd'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 2162.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩525.43 Billion | 101.29% |
| Common Stock | ₩14.30 Billion | 2.76% |
| Total Equity | ₩518.75 Billion | 100.00% |
Sung Kwang Bend Co.Ltd Competitors by Market Cap
The table below lists competitors of Sung Kwang Bend Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shaanxi Xinghua Chemistry Co Ltd
SHE:002109
|
$363.45 Million |
|
Caplin Point Laboratories Limited
NSE:CAPLIPOINT
|
$363.56 Million |
|
Ag Growth International Inc
PINK:AGGZF
|
$363.58 Million |
|
Tsukishima Holdings Co., Ltd.
F:QO3
|
$363.66 Million |
|
Card Factory plc
PINK:CRFCF
|
$363.36 Million |
|
Kunshan Asia Aroma Corp. Ltd.
SHE:301220
|
$363.36 Million |
|
Future Corporation
MU:FSX
|
$363.16 Million |
|
Harbin Dongan Auto Engine Co Ltd
SHG:600178
|
$363.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sung Kwang Bend Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 505,416,038,040 to 518,749,675,910, a change of 13,333,637,870 (2.6%).
- Net income of 41,007,522,790 contributed positively to equity growth.
- Dividend payments of 4,189,282,050 reduced retained earnings.
- Share repurchases of 19,958,249,040 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩41.01 Billion | +7.91% |
| Dividends Paid | ₩4.19 Billion | -0.81% |
| Share Repurchases | ₩19.96 Billion | -3.85% |
| Other Changes | ₩-3.53 Billion | -0.68% |
| Total Change | ₩- | 2.64% |
Book Value vs Market Value Analysis
This analysis compares Sung Kwang Bend Co.Ltd'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: 1.70x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.96x to 1.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩16795.25 | ₩33000.00 | x |
| 2017-12-31 | ₩16125.54 | ₩33000.00 | x |
| 2018-12-31 | ₩15612.23 | ₩33000.00 | x |
| 2019-12-31 | ₩15728.15 | ₩33000.00 | x |
| 2020-12-31 | ₩15653.23 | ₩33000.00 | x |
| 2021-12-31 | ₩15556.73 | ₩33000.00 | x |
| 2022-12-31 | ₩16891.06 | ₩33000.00 | x |
| 2023-12-31 | ₩18096.75 | ₩33000.00 | x |
| 2024-12-31 | ₩19375.85 | ₩33000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sung Kwang Bend Co.Ltd 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): 7.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.01%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.09x
- Recent ROE (7.91%) is below the historical average (10.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 6.54% | 2.98% | 0.75x | 2.93x | ₩-1.29 Billion |
| 2004 | 11.82% | 3.66% | 1.10x | 2.95x | ₩763.59 Million |
| 2005 | 17.94% | 6.17% | 1.06x | 2.75x | ₩4.19 Billion |
| 2006 | 27.68% | 10.01% | 0.96x | 2.89x | ₩12.75 Billion |
| 2007 | 41.93% | 18.23% | 1.09x | 2.11x | ₩38.85 Billion |
| 2008 | 35.61% | 22.74% | 0.94x | 1.67x | ₩47.27 Billion |
| 2009 | 16.84% | 17.42% | 0.72x | 1.34x | ₩18.46 Billion |
| 2010 | 6.04% | 7.63% | 0.58x | 1.37x | ₩-11.28 Billion |
| 2011 | 7.40% | 8.29% | 0.62x | 1.45x | ₩-8.07 Billion |
| 2012 | 15.07% | 14.47% | 0.74x | 1.42x | ₩18.29 Billion |
| 2013 | 16.12% | 16.91% | 0.76x | 1.26x | ₩25.90 Billion |
| 2014 | 9.70% | 15.01% | 0.53x | 1.22x | ₩-1.37 Billion |
| 2015 | 4.18% | 7.79% | 0.46x | 1.17x | ₩-27.10 Billion |
| 2016 | 0.97% | 2.25% | 0.38x | 1.13x | ₩-42.35 Billion |
| 2017 | -3.62% | -11.20% | 0.29x | 1.12x | ₩-61.36 Billion |
| 2018 | -1.91% | -4.90% | 0.34x | 1.15x | ₩-51.94 Billion |
| 2019 | 1.40% | 3.05% | 0.40x | 1.14x | ₩-37.76 Billion |
| 2020 | -0.32% | -0.77% | 0.37x | 1.13x | ₩-45.11 Billion |
| 2021 | -0.28% | -0.89% | 0.28x | 1.14x | ₩-44.66 Billion |
| 2022 | 8.32% | 16.08% | 0.46x | 1.12x | ₩-7.93 Billion |
| 2023 | 7.75% | 15.38% | 0.46x | 1.09x | ₩-11.37 Billion |
| 2024 | 7.91% | 18.01% | 0.40x | 1.09x | ₩-10.87 Billion |
Industry Comparison
This section compares Sung Kwang Bend Co.Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $135,284,022,159
- Average return on equity (ROE) among peers: 7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sung Kwang Bend Co.Ltd (014620) | ₩539.83 Billion | 6.54% | 0.08x | $363.40 Million |
| Namsun Alumini (008350) | $74.23 Billion | 33.34% | 2.50x | $103.30 Million |
| Namsun Aluminium Co Ltd (008355) | $147.81 Billion | 14.71% | 0.93x | $866.35 Million |
| Dae Chang (012800) | $215.09 Billion | 2.35% | 1.68x | $42.19 Million |
| Seowon (021050) | $124.00 Billion | -8.19% | 0.99x | $25.62 Million |
| Lee Ku Ind (025820) | $108.92 Billion | 1.97% | 1.52x | $57.19 Million |
| Nara Mold & Die Co. Ltd (051490) | $73.83 Billion | 5.99% | 1.13x | $23.31 Million |
| Posco C&C Stl (058430) | $204.96 Billion | 15.18% | 0.98x | $79.60 Million |
| Haisung TPC Co. Ltd. (059270) | $39.89 Billion | -1.95% | 0.09x | $56.97 Million |
| Kishin Corporation (092440) | $228.83 Billion | 8.10% | 0.07x | $13.16 Million |