Sambo Corrugated Board Co. Ltd (023600) - Net Assets
Based on the latest financial reports, Sambo Corrugated Board Co. Ltd (023600) has net assets worth ₩663.77 Billion KRW (≈ $449.83 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 (₩850.51 Billion ≈ $576.38 Million USD) and total liabilities (₩186.73 Billion ≈ $126.55 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 023600 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩663.77 Billion |
| % of Total Assets | 78.04% |
| Annual Growth Rate | 10.0% |
| 5-Year Change | 46.22% |
| 10-Year Change | 97.05% |
| Growth Volatility | 27.11 |
Sambo Corrugated Board Co. Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Sambo Corrugated Board Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 023600 total assets for the complete picture of this company's asset base.
Annual Net Assets for Sambo Corrugated Board Co. Ltd (2005–2024)
The table below shows the annual net assets of Sambo Corrugated Board Co. Ltd from 2005 to 2024. For live valuation and market cap data, see Sambo Corrugated Board Co. Ltd (023600) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩572.92 Billion ≈ $388.26 Million |
-5.99% |
| 2023-12-31 | ₩609.42 Billion ≈ $413.00 Million |
+21.28% |
| 2022-12-31 | ₩502.49 Billion ≈ $340.53 Million |
+13.62% |
| 2021-12-31 | ₩442.26 Billion ≈ $299.71 Million |
+12.88% |
| 2020-12-31 | ₩391.81 Billion ≈ $265.52 Million |
+10.27% |
| 2019-12-31 | ₩355.33 Billion ≈ $240.80 Million |
+7.02% |
| 2018-12-31 | ₩332.04 Billion ≈ $225.02 Million |
+20.81% |
| 2017-12-31 | ₩274.85 Billion ≈ $186.26 Million |
+3.41% |
| 2016-12-31 | ₩265.79 Billion ≈ $180.12 Million |
-8.59% |
| 2015-12-31 | ₩290.75 Billion ≈ $197.04 Million |
-10.58% |
| 2014-12-31 | ₩325.16 Billion ≈ $220.35 Million |
+4.56% |
| 2013-12-31 | ₩310.99 Billion ≈ $210.75 Million |
+4.47% |
| 2012-12-31 | ₩297.69 Billion ≈ $201.74 Million |
+5.51% |
| 2011-12-31 | ₩282.16 Billion ≈ $191.21 Million |
+122.03% |
| 2010-12-31 | ₩127.08 Billion ≈ $86.12 Million |
+4.17% |
| 2009-12-31 | ₩121.99 Billion ≈ $82.67 Million |
+6.91% |
| 2008-12-31 | ₩114.10 Billion ≈ $77.33 Million |
+5.04% |
| 2007-12-31 | ₩108.63 Billion ≈ $73.62 Million |
+6.92% |
| 2006-12-31 | ₩101.60 Billion ≈ $68.85 Million |
+8.54% |
| 2005-12-31 | ₩93.60 Billion ≈ $63.43 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sambo Corrugated Board 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 56622244720000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩566.22 Billion | 98.83% |
| Common Stock | ₩8.09 Billion | 1.41% |
| Total Equity | ₩572.92 Billion | 100.00% |
Sambo Corrugated Board Co. Ltd Competitors by Market Cap
The table below lists competitors of Sambo Corrugated Board Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiwan Fructose Co Ltd
TWO:4207
|
$109.46 Million |
|
LINMON MEDIA LTD -000025
F:8MN
|
$109.52 Million |
|
Gold Rain Enterprises
TWO:4503
|
$109.55 Million |
|
I-Berhad
KLSE:4251
|
$109.58 Million |
|
GRP Limited
NSE:GRPLTD
|
$109.46 Million |
|
Gandhi Special Tubes Limited
NSE:GANDHITUBE
|
$109.45 Million |
|
IokCompany Co. Ltd
KQ:078860
|
$109.44 Million |
|
Iceland Seafood International hf.
IC:ICESEA
|
$109.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sambo Corrugated Board Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 548,844,332,990 to 572,919,163,920, a change of 24,074,830,930 (4.4%).
- Net income of 32,519,439,910 contributed positively to equity growth.
- Dividend payments of 6,545,983,740 reduced retained earnings.
- Share repurchases of 1,154,689,920 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩32.52 Billion | +5.68% |
| Dividends Paid | ₩6.55 Billion | -1.14% |
| Share Repurchases | ₩1.15 Billion | -0.2% |
| Other Changes | ₩-743.94 Million | -0.13% |
| Total Change | ₩- | 4.39% |
Book Value vs Market Value Analysis
This analysis compares Sambo Corrugated Board 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: 0.28x
- 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 0.61x to 0.28x 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 | ₩16428.94 | ₩10090.00 | x |
| 2017-12-31 | ₩17050.68 | ₩10090.00 | x |
| 2018-12-31 | ₩20599.31 | ₩10090.00 | x |
| 2019-12-31 | ₩22045.99 | ₩10090.00 | x |
| 2020-12-31 | ₩24537.46 | ₩10090.00 | x |
| 2021-12-31 | ₩27697.02 | ₩10090.00 | x |
| 2022-12-31 | ₩31369.65 | ₩10090.00 | x |
| 2023-12-31 | ₩34747.09 | ₩10090.00 | x |
| 2024-12-31 | ₩36548.93 | ₩10090.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sambo Corrugated Board 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): 5.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.82%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.42x
- Recent ROE (5.68%) is below the historical average (6.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 2.30% | 1.36% | 0.56x | 3.03x | ₩-5.40 Billion |
| 2006 | 6.98% | 3.68% | 0.69x | 2.77x | ₩-2.28 Billion |
| 2007 | 5.18% | 2.65% | 0.68x | 2.89x | ₩-3.83 Billion |
| 2008 | 8.08% | 3.21% | 0.79x | 3.18x | ₩-1.58 Billion |
| 2009 | 6.95% | 2.83% | 0.74x | 3.31x | ₩-2.69 Billion |
| 2010 | 4.13% | 1.33% | 0.96x | 3.23x | ₩-5.39 Billion |
| 2011 | 1.84% | 1.37% | 0.61x | 2.21x | ₩-18.73 Billion |
| 2012 | 5.78% | 4.83% | 0.56x | 2.13x | ₩-10.28 Billion |
| 2013 | 4.62% | 3.90% | 0.59x | 2.01x | ₩-13.71 Billion |
| 2014 | 4.41% | 3.86% | 0.56x | 2.05x | ₩-14.83 Billion |
| 2015 | -11.73% | -9.14% | 0.57x | 2.25x | ₩-51.23 Billion |
| 2016 | 11.65% | 12.05% | 0.45x | 2.16x | ₩4.38 Billion |
| 2017 | 2.60% | 2.21% | 0.63x | 1.86x | ₩-20.33 Billion |
| 2018 | 17.78% | 15.75% | 0.69x | 1.63x | ₩25.82 Billion |
| 2019 | 8.09% | 7.84% | 0.69x | 1.49x | ₩-6.77 Billion |
| 2020 | 9.25% | 8.98% | 0.69x | 1.50x | ₩-2.95 Billion |
| 2021 | 12.01% | 9.95% | 0.78x | 1.54x | ₩8.90 Billion |
| 2022 | 11.19% | 9.66% | 0.82x | 1.41x | ₩5.99 Billion |
| 2023 | 9.74% | 9.62% | 0.73x | 1.39x | ₩-1.43 Billion |
| 2024 | 5.68% | 5.82% | 0.69x | 1.42x | ₩-24.77 Billion |
Industry Comparison
This section compares Sambo Corrugated Board Co. Ltd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $145,855,457,035
- Average return on equity (ROE) among peers: 4.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sambo Corrugated Board Co. Ltd (023600) | ₩663.77 Billion | 2.30% | 0.28x | $109.46 Million |
| Shin Hwa Silup (001770) | $39.42 Billion | 4.90% | 0.77x | $13.82 Million |
| Export Packing (002200) | $228.35 Billion | 4.93% | 0.28x | $67.83 Million |
| Shin Poong Pap (002870) | $68.90 Billion | 28.49% | 1.69x | $21.18 Million |
| Sam Young Chem (003720) | $46.35 Billion | -14.86% | 1.27x | $251.90 Million |
| NPC Co. Ltd (004250) | $163.00 Billion | 9.34% | 1.55x | $87.54 Million |
| National Plastic Co Ltd Preferred (004255) | $261.01 Billion | 4.54% | 0.51x | $8.48 Million |
| Samhwa Crown (004450) | $105.85 Billion | -6.28% | 0.90x | $35.40 Million |
| Daeryuk Can Co. Ltd (004780) | $106.85 Billion | 5.02% | 0.47x | $43.76 Million |
| Wonlim Corp. (005820) | $96.84 Billion | 4.35% | 0.33x | $24.21 Million |
| Youlchon Chem (008730) | $341.98 Billion | 5.33% | 0.77x | $432.77 Million |
About Sambo Corrugated Board Co. Ltd
Sambo Corrugated Board Co., Ltd. manufactures and sells corrugated board and box products in South Korea. It offers flute A, flute B, flute E, flute BA, flute BB, and flute EB corrugated fiber boards; and corrugated boxes for use in industrial and agricultural products, and various die-cutting boxes. Sambo Corrugated Board Co., Ltd. was founded in 1973 and is headquartered in Siheung-Si, South Ko… Read more