Cubic Korea Inc
Cubic Korea Inc. engages in curved surface printing business in South Korea and internationally. The company develops printing patterns to plastic molded parts, aluminum, metal components, and urethane materials. It also engages in developing, manufacturing, and producing automobile exterior and interior parts, including radiator grilles, moldings, steering wheels, wheel caps, emblems, etc. Cubic… Read more
Cubic Korea Inc (021650) - Net Assets
Latest net assets as of September 2025: ₩98.80 Billion KRW
Based on the latest financial reports, Cubic Korea Inc (021650) has net assets worth ₩98.80 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 (₩170.24 Billion) and total liabilities (₩71.44 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 | ₩98.80 Billion |
| % of Total Assets | 58.04% |
| Annual Growth Rate | 7.22% |
| 5-Year Change | 40.82% |
| 10-Year Change | 149.75% |
| Growth Volatility | 6.97 |
Cubic Korea Inc - Net Assets Trend (2009–2024)
This chart illustrates how Cubic Korea Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cubic Korea Inc (2009–2024)
The table below shows the annual net assets of Cubic Korea Inc from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩94.77 Billion | +9.57% |
| 2023-12-31 | ₩86.50 Billion | +8.31% |
| 2022-12-31 | ₩79.86 Billion | +7.21% |
| 2021-12-31 | ₩74.49 Billion | +10.68% |
| 2020-12-31 | ₩67.30 Billion | +17.62% |
| 2019-12-31 | ₩57.22 Billion | +4.84% |
| 2018-12-31 | ₩54.58 Billion | +10.01% |
| 2017-12-31 | ₩49.61 Billion | +26.74% |
| 2016-12-31 | ₩39.14 Billion | +3.15% |
| 2015-12-31 | ₩37.95 Billion | +4.16% |
| 2014-12-31 | ₩36.43 Billion | +1.86% |
| 2013-12-31 | ₩35.77 Billion | +1.79% |
| 2012-12-31 | ₩35.13 Billion | +5.64% |
| 2011-12-31 | ₩33.26 Billion | +2.97% |
| 2010-12-31 | ₩32.30 Billion | -2.99% |
| 2009-12-31 | ₩33.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cubic Korea Inc'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 6824880510000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩68.25 Billion | 72.01% |
| Common Stock | ₩8.18 Billion | 8.63% |
| Other Components | ₩18.35 Billion | 19.36% |
| Total Equity | ₩94.77 Billion | 100.00% |
Cubic Korea Inc Competitors by Market Cap
The table below lists competitors of Cubic Korea Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Royal Plus PCL
BK:PLUS
|
$9.73 Million |
|
SSH Communications Security Oyj
HE:SSH1V
|
$9.74 Million |
|
Tigers Realm Coal Ltd
AU:TIG
|
$9.74 Million |
|
Charnic Capital Tbk PT
JK:NICK
|
$9.74 Million |
|
Mtag Group Berhad
KLSE:0213
|
$9.73 Million |
|
EMB Mission Bound AB (publ)
ST:NAVIGO-STAM
|
$9.73 Million |
|
Optimi Health Corp
OTCQX:OPTHF
|
$9.73 Million |
|
Tennessee Valley Financial Holdings Inc
PINK:TVLF
|
$9.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cubic Korea Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 86,496,301,380 to 94,773,911,750, a change of 8,277,610,370 (9.6%).
- Net income of 9,701,104,110 contributed positively to equity growth.
- Dividend payments of 1,137,506,230 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩9.70 Billion | +10.24% |
| Dividends Paid | ₩1.14 Billion | -1.2% |
| Other Changes | ₩-285.99 Million | -0.3% |
| Total Change | ₩- | 9.57% |
Book Value vs Market Value Analysis
This analysis compares Cubic Korea Inc'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: 0.40x
- 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 0.65x to 0.40x 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 | ₩3579.25 | ₩2310.00 | x |
| 2017-12-31 | ₩3423.78 | ₩2310.00 | x |
| 2018-12-31 | ₩3358.48 | ₩2310.00 | x |
| 2019-12-31 | ₩3520.98 | ₩2310.00 | x |
| 2020-12-31 | ₩4141.54 | ₩2310.00 | x |
| 2021-12-31 | ₩4583.73 | ₩2310.00 | x |
| 2022-12-31 | ₩4914.44 | ₩2310.00 | x |
| 2023-12-31 | ₩5322.82 | ₩2310.00 | x |
| 2024-12-31 | ₩5832.21 | ₩2310.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cubic Korea Inc 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): 10.24%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.85%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 1.81x
- Recent ROE (10.24%) is above the historical average (6.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 4.15% | 3.18% | 0.55x | 2.36x | ₩-1.95 Billion |
| 2011 | 4.85% | 1.51% | 1.22x | 2.63x | ₩-1.71 Billion |
| 2012 | 6.07% | 2.07% | 1.13x | 2.60x | ₩-1.38 Billion |
| 2013 | 1.30% | 0.47% | 1.12x | 2.47x | ₩-3.11 Billion |
| 2014 | 7.82% | 3.00% | 1.00x | 2.60x | ₩-796.03 Million |
| 2015 | 5.47% | 1.89% | 1.14x | 2.55x | ₩-1.72 Billion |
| 2016 | 4.86% | 1.55% | 1.17x | 2.69x | ₩-2.01 Billion |
| 2017 | 1.26% | 0.41% | 1.07x | 2.90x | ₩-4.34 Billion |
| 2018 | 1.49% | 0.49% | 1.17x | 2.58x | ₩-4.65 Billion |
| 2019 | 5.85% | 2.14% | 1.20x | 2.29x | ₩-2.37 Billion |
| 2020 | 15.61% | 6.16% | 1.23x | 2.06x | ₩3.78 Billion |
| 2021 | 10.11% | 4.38% | 1.25x | 1.85x | ₩82.95 Million |
| 2022 | 8.18% | 3.11% | 1.33x | 1.98x | ₩-1.46 Billion |
| 2023 | 9.55% | 3.28% | 1.45x | 2.00x | ₩-386.04 Million |
| 2024 | 10.24% | 3.85% | 1.47x | 1.81x | ₩223.71 Million |
Industry Comparison
This section compares Cubic Korea Inc's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $103,214,065,819
- Average return on equity (ROE) among peers: -2.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cubic Korea Inc (021650) | ₩98.80 Billion | 4.15% | 0.72x | $9.73 Million |
| Koryo Credit Information Co. Ltd (049720) | $12.24 Billion | 2.90% | 0.68x | $55.05 Million |
| Hannet Co. Ltd (052600) | $7.64 Billion | 31.40% | 0.27x | $14.79 Million |
| Logisys Inc (067730) | $17.02 Billion | 3.03% | 0.45x | $7.15 Million |
| K Auction Inc. (102370) | $71.03 Billion | 14.77% | 0.34x | $22.22 Million |
| StarFlex Co. Ltd (115570) | $54.45 Billion | -3.90% | 1.42x | $7.69 Million |
| Imarketkorea (122900) | $441.53 Billion | 2.79% | 1.44x | $73.97 Million |
| Global Tax Free Co. Ltd (204620) | $128.37 Billion | 4.34% | 0.36x | $149.87 Million |
| CTK Co. Ltd (260930) | $157.79 Billion | -2.07% | 0.21x | $25.01 Million |
| Knowmerce (473980) | $38.85 Billion | -79.77% | 0.19x | $86.52 Million |