Cenit Co. Ltd
Cenit Co., Ltd. manufactures and sells cold-rolled stainless-steel coils and straps in South Korea and internationally. Its products are used in electronics, construction, household appliances, automotive vehicles, and industrial equipment industries. It exports its products to manufacturers and distributors in Europe, North America, the Middle East, Oceania, and other regions of Asia. The compan… Read more
Cenit Co. Ltd (037760) - Net Assets
Latest net assets as of September 2025: ₩99.08 Billion KRW
Based on the latest financial reports, Cenit Co. Ltd (037760) has net assets worth ₩99.08 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 (₩224.17 Billion) and total liabilities (₩125.10 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 | ₩99.08 Billion |
| % of Total Assets | 44.2% |
| Annual Growth Rate | 5.56% |
| 5-Year Change | 16.16% |
| 10-Year Change | 55.83% |
| Growth Volatility | 14.28 |
Cenit Co. Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Cenit 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 Cenit Co. Ltd (2009–2024)
The table below shows the annual net assets of Cenit Co. Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩88.43 Billion | -13.11% |
| 2023-12-31 | ₩101.77 Billion | +11.62% |
| 2022-12-31 | ₩91.18 Billion | +8.98% |
| 2021-12-31 | ₩83.67 Billion | +9.90% |
| 2020-12-31 | ₩76.13 Billion | +5.02% |
| 2019-12-31 | ₩72.49 Billion | +3.34% |
| 2018-12-31 | ₩70.15 Billion | +3.31% |
| 2017-12-31 | ₩67.90 Billion | +12.84% |
| 2016-12-31 | ₩60.17 Billion | +6.04% |
| 2015-12-31 | ₩56.75 Billion | +31.10% |
| 2014-12-31 | ₩43.29 Billion | +12.40% |
| 2013-12-31 | ₩38.51 Billion | +36.94% |
| 2012-12-31 | ₩28.12 Billion | -0.14% |
| 2011-12-31 | ₩28.16 Billion | -13.40% |
| 2010-12-31 | ₩32.52 Billion | -17.23% |
| 2009-12-31 | ₩39.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cenit 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 5093445935000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩50.93 Billion | 57.60% |
| Common Stock | ₩16.92 Billion | 19.13% |
| Other Components | ₩20.58 Billion | 23.27% |
| Total Equity | ₩88.43 Billion | 100.00% |
Cenit Co. Ltd Competitors by Market Cap
The table below lists competitors of Cenit Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Tungsten Corp.
OTCQB:DEMRF
|
$15.53 Million |
|
Luks Kadife Ticaret ve Sanayi AS
IS:LUKSK
|
$15.54 Million |
|
PT Bank KB Bukopin Tbk
STU:5BB
|
$15.54 Million |
|
Nestcon Bhd
KLSE:0235
|
$15.54 Million |
|
Monnari Trade S.A.
WAR:MON
|
$15.53 Million |
|
ASIA STAND. INTL HD-01
F:BDL1
|
$15.52 Million |
|
RISMA SYSTEMS A/S DK -10
F:8WX
|
$15.51 Million |
|
Green Oleo S.p.A.
F:77M
|
$15.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cenit Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 92,689,592,760 to 88,429,895,070, a change of -4,259,697,690 (-4.6%).
- Net loss of 910,430,320 reduced equity.
- Dividend payments of 1,272,116,840 reduced retained earnings.
- Share repurchases of 2,218,680,820 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-910.43 Million | -1.03% |
| Dividends Paid | ₩1.27 Billion | -1.44% |
| Share Repurchases | ₩2.22 Billion | -2.51% |
| Other Changes | ₩141.53 Million | +0.16% |
| Total Change | ₩- | -4.60% |
Book Value vs Market Value Analysis
This analysis compares Cenit 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: 0.66x
- 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 1.03x to 0.66x 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 | ₩1858.05 | ₩1911.00 | x |
| 2017-12-31 | ₩2006.87 | ₩1911.00 | x |
| 2018-12-31 | ₩2073.32 | ₩1911.00 | x |
| 2019-12-31 | ₩2142.66 | ₩1911.00 | x |
| 2020-12-31 | ₩2393.75 | ₩1911.00 | x |
| 2021-12-31 | ₩2630.79 | ₩1911.00 | x |
| 2022-12-31 | ₩2866.97 | ₩1911.00 | x |
| 2023-12-31 | ₩2914.50 | ₩1911.00 | x |
| 2024-12-31 | ₩2908.60 | ₩1911.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cenit 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): -1.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.69%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.27x
- Recent ROE (-1.03%) is below the historical average (7.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 6.33% | 3.18% | 0.72x | 2.74x | ₩-1.25 Billion |
| 2014 | 11.30% | 6.15% | 0.64x | 2.88x | ₩497.99 Million |
| 2015 | 15.45% | 8.13% | 0.77x | 2.47x | ₩2.80 Billion |
| 2016 | 11.09% | 5.76% | 0.77x | 2.51x | ₩654.40 Million |
| 2017 | 8.96% | 4.82% | 0.82x | 2.26x | ₩-708.14 Million |
| 2018 | 4.30% | 2.65% | 0.78x | 2.08x | ₩-4.00 Billion |
| 2019 | 2.90% | 1.92% | 0.70x | 2.17x | ₩-5.15 Billion |
| 2020 | 11.56% | 9.37% | 0.54x | 2.30x | ₩1.19 Billion |
| 2021 | 10.65% | 7.07% | 0.71x | 2.13x | ₩541.69 Million |
| 2022 | 9.48% | 5.40% | 0.81x | 2.17x | ₩-475.32 Million |
| 2023 | 3.09% | 2.04% | 0.69x | 2.20x | ₩-6.40 Billion |
| 2024 | -1.03% | -0.69% | 0.66x | 2.27x | ₩-9.75 Billion |
Industry Comparison
This section compares Cenit Co. Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $961,724,627,619
- Average return on equity (ROE) among peers: 4.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cenit Co. Ltd (037760) | ₩99.08 Billion | 6.33% | 1.26x | $15.53 Million |
| Korea Cast Pip (000970) | $208.70 Billion | 2.82% | 0.40x | $54.93 Million |
| Manho Rope&Wir (001080) | $249.99 Billion | 1.17% | 0.10x | $6.38 Million |
| Dongkuk Steel Mill Co Ltd (001230) | $2.03 Trillion | -14.66% | 1.82x | $74.34 Million |
| SeAH Bestee (001430) | $2.04 Trillion | 6.29% | 0.80x | $634.28 Million |
| Hanil Iron & S (002220) | $132.60 Billion | 0.00% | 0.47x | $27.57 Million |
| Kis Wire (002240) | $452.09 Billion | 8.63% | 0.53x | $130.32 Million |
| Dong Il Steel MFG Co Ltd (002690) | $129.80 Billion | 0.23% | 0.14x | $7.05 Million |
| Tcc Steel (002710) | $141.62 Billion | 5.11% | 1.26x | $167.65 Million |
| Seah Steel Corp (003030) | $601.59 Billion | 19.65% | 1.47x | $168.76 Million |
| Hyundai Steel (004020) | $3.63 Trillion | 12.98% | 1.05x | $2.03 Billion |