CAS Corporation (016920) - Net Assets

Latest as of September 2025: ₩66.38 Billion KRW ≈ $44.98 Million USD

Based on the latest financial reports, CAS Corporation (016920) has net assets worth ₩66.38 Billion KRW (≈ $44.98 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 (₩171.45 Billion ≈ $116.19 Million USD) and total liabilities (₩105.07 Billion ≈ $71.21 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 CAS Corporation liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩66.38 Billion
% of Total Assets	38.72%
Annual Growth Rate	3.14%
5-Year Change	57.4%
10-Year Change	100.94%
Growth Volatility	9.64

CAS Corporation - Net Assets Trend (2007–2024)

This chart illustrates how CAS Corporation's net assets have evolved over time, based on quarterly financial data. Also explore CAS Corporation balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for CAS Corporation (2007–2024)

The table below shows the annual net assets of CAS Corporation from 2007 to 2024. For live valuation and market cap data, see CAS Corporation stock valuation.

Year	Net Assets	Change
2024-12-31	₩69.71 Billion ≈ $47.24 Million	+7.98%
2023-12-31	₩64.56 Billion ≈ $43.75 Million	+5.00%
2022-12-31	₩61.48 Billion ≈ $41.67 Million	+24.61%
2021-12-31	₩49.34 Billion ≈ $33.44 Million	+11.40%
2020-12-31	₩44.29 Billion ≈ $30.01 Million	+4.66%
2019-12-31	₩42.32 Billion ≈ $28.68 Million	+3.76%
2018-12-31	₩40.78 Billion ≈ $27.64 Million	+9.82%
2017-12-31	₩37.14 Billion ≈ $25.17 Million	+15.81%
2016-12-31	₩32.07 Billion ≈ $21.73 Million	-7.57%
2015-12-31	₩34.69 Billion ≈ $23.51 Million	-8.31%
2014-12-31	₩37.84 Billion ≈ $25.64 Million	-6.77%
2013-12-31	₩40.58 Billion ≈ $27.50 Million	+0.05%
2012-12-31	₩40.56 Billion ≈ $27.49 Million	-3.43%
2011-12-31	₩42.00 Billion ≈ $28.46 Million	-15.10%
2010-12-31	₩49.47 Billion ≈ $33.53 Million	+0.21%
2009-12-31	₩49.37 Billion ≈ $33.45 Million	+8.16%
2008-12-31	₩45.64 Billion ≈ $30.93 Million	+10.68%
2007-12-31	₩41.24 Billion ≈ $27.95 Million	--

Equity Component Analysis

This analysis shows how different components contribute to CAS Corporation'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 2349489389000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩23.49 Billion	33.70%
Common Stock	₩13.25 Billion	19.00%
Other Components	₩32.97 Billion	47.29%
Total Equity	₩69.71 Billion	100.00%

CAS Corporation Competitors by Market Cap

The table below lists competitors of CAS Corporation ranked by their market capitalization.

Company	Market Cap
ParaZero Technologies Ltd. Ordinary Shares NASDAQ:PRZO	$15.45 Million
Dome Gold Mines Ltd AU:DME	$15.45 Million
Argenica Therapeutics Ltd AU:AGN	$15.45 Million
Stradim Espace Finances SA PA:ALSAS	$15.48 Million
Immo Moury SICAF Immobiliere Publique de Droit Belge BR:IMMOU	$15.43 Million
Lode Resources Ltd AU:LDR	$15.43 Million
Gullewa Ltd AU:GUL	$15.43 Million
Quality Concrete Holdings Bhd KLSE:7544	$15.43 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in CAS Corporation's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 64,557,281,710 to 69,711,282,270, a change of 5,154,000,560 (8.0%).
Net income of 1,310,845,240 contributed positively to equity growth.
Dividend payments of 245,743,190 reduced retained earnings.
Other factors increased equity by 4,088,898,510.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩1.31 Billion	+1.88%
Dividends Paid	₩245.74 Million	-0.35%
Other Changes	₩4.09 Billion	+5.87%
Total Change	₩-	7.98%

Book Value vs Market Value Analysis

This analysis compares CAS Corporation'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 0.57x 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
2016-12-31	₩1858.20	₩1061.00	x
2017-12-31	₩1768.40	₩1061.00	x
2018-12-31	₩1942.07	₩1061.00	x
2019-12-31	₩2177.12	₩1061.00	x
2020-12-31	₩2010.82	₩1061.00	x
2021-12-31	₩2117.49	₩1061.00	x
2022-12-31	₩2501.86	₩1061.00	x
2023-12-31	₩2627.02	₩1061.00	x
2024-12-31	₩2836.75	₩1061.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently CAS Corporation 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): 1.88%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.84%
• Asset Turnover: 0.90x
• Equity Multiplier: 2.48x
Recent ROE (1.88%) is above the historical average (1.00%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	8.21%	4.64%	0.95x	1.87x	₩-737.48 Million
2008	4.42%	1.87%	1.26x	1.88x	₩-2.55 Billion
2009	6.18%	3.28%	1.02x	1.86x	₩-1.89 Billion
2010	2.29%	1.03%	1.11x	2.02x	₩-3.81 Billion
2011	2.65%	0.97%	1.09x	2.50x	₩-3.09 Billion
2012	0.53%	0.18%	1.07x	2.79x	₩-3.84 Billion
2013	6.78%	2.22%	1.06x	2.89x	₩-1.31 Billion
2014	-15.22%	-4.39%	1.00x	3.46x	₩-9.54 Billion
2015	-6.11%	-1.66%	0.98x	3.76x	₩-5.59 Billion
2016	-8.92%	-2.17%	1.08x	3.79x	₩-6.07 Billion
2017	5.06%	1.35%	1.20x	3.13x	₩-1.83 Billion
2018	6.29%	1.83%	1.14x	3.01x	₩-1.51 Billion
2019	6.98%	2.18%	1.05x	3.06x	₩-1.28 Billion
2020	-4.98%	-1.58%	1.00x	3.16x	₩-6.63 Billion
2021	-5.23%	-1.61%	1.00x	3.27x	₩-7.51 Billion
2022	4.45%	1.63%	0.96x	2.84x	₩-3.41 Billion
2023	2.69%	1.11%	0.96x	2.52x	₩-4.72 Billion
2024	1.88%	0.84%	0.90x	2.48x	₩-5.66 Billion

Industry Comparison

This section compares CAS Corporation's net assets metrics with peer companies in the Machinery, Tools, Heavy Vehicles, Trains & Ships industry.

Industry Context

Industry: Machinery, Tools, Heavy Vehicles, Trains & Ships
Average net assets among peers: $95,560,710,558
Average return on equity (ROE) among peers: 3.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
CAS Corporation (016920)	₩66.38 Billion	8.21%	1.58x	$15.44 Million
Bosung Power Technology Co. Ltd (006910)	$37.82 Billion	2.53%	1.58x	$373.75 Million
Youngsin Metal Industrial Co. Ltd (007530)	$43.64 Billion	2.17%	2.14x	$21.79 Million
SMCore.Inc (007820)	$75.61 Billion	2.00%	0.40x	$70.73 Million
Heungkuk Metaltech Co.Ltd (010240)	$55.26 Billion	12.58%	0.41x	$49.69 Million
Nuintek Co.Ltd (012340)	$20.66 Billion	0.00%	1.89x	$10.53 Million
Semyung Electric Machinery Co.Ltd (017510)	$65.83 Billion	5.57%	0.15x	$149.81 Million
Enertork Ltd (019990)	$44.30 Billion	3.49%	0.17x	$67.82 Million
Tae Kwang Corporation (023160)	$421.46 Billion	-1.19%	0.10x	$807.25 Million
Woori Technology Inc (032820)	$95.47 Billion	3.53%	0.70x	$1.40 Billion

About CAS Corporation

KQ:016920 Korea Machinery, Tools, Heavy Vehicles, Trains & Ships

Market Cap

$15.44 Million

₩22.78 Billion KRW

Market Cap Rank

#25767 Global

#1926 in Korea

Share Price

₩1061.00

Change (1 day)

-1.49%

52-Week Range

₩895.00 - ₩1956.00

All Time High

₩7737.77