CS BEARING Co.Ltd
CS BEARING Co., Ltd. engages in the manufacture and sale of bearings in South Korea. It offers slewing ring, pitch, and yaw bearings for use in wind turbines, antennas and telescopes, excavators, man lifts, and vehicles and trailers, as well as harbour and shipyard, mobile, marine, crawler, and tower cranes. The company was founded in 2007 and is headquartered in Haman-myeon, South Korea.
CS BEARING Co.Ltd (297090) - Net Assets
Latest net assets as of September 2025: ₩94.75 Billion KRW
Based on the latest financial reports, CS BEARING Co.Ltd (297090) has net assets worth ₩94.75 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 (₩135.01 Billion) and total liabilities (₩40.26 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 | ₩94.75 Billion |
| % of Total Assets | 70.18% |
| Annual Growth Rate | 23.25% |
| 5-Year Change | 82.35% |
| 10-Year Change | N/A |
| Growth Volatility | 23.25 |
CS BEARING Co.Ltd - Net Assets Trend (2017–2024)
This chart illustrates how CS BEARING 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 CS BEARING Co.Ltd (2017–2024)
The table below shows the annual net assets of CS BEARING Co.Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩93.84 Billion | +9.54% |
| 2023-12-31 | ₩85.67 Billion | -1.67% |
| 2022-12-31 | ₩87.12 Billion | +56.08% |
| 2021-12-31 | ₩55.82 Billion | +8.47% |
| 2020-12-31 | ₩51.46 Billion | +13.77% |
| 2019-12-31 | ₩45.24 Billion | +63.24% |
| 2018-12-31 | ₩27.71 Billion | +27.59% |
| 2017-12-31 | ₩21.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CS BEARING 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 decreased by 597891385000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩13.63 Billion | 14.53% |
| Other Components | ₩92.48 Billion | 98.55% |
| Total Equity | ₩93.84 Billion | 100.00% |
CS BEARING Co.Ltd Competitors by Market Cap
The table below lists competitors of CS BEARING Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZE PAK S.A. ZY2
F:6W6
|
$68.10 Million |
|
Profire Ene
NASDAQ:PFIE
|
$68.16 Million |
|
Arbe Robotics Ltd
NASDAQ:ARBE
|
$68.16 Million |
|
Zalatoris II Acquisition Corp.
NASDAQ:ZLSSF
|
$68.19 Million |
|
Lux Industries Limited
NSE:LUXIND
|
$68.09 Million |
|
Orascom Development Holding AG
SW:ODHN
|
$68.07 Million |
|
KORE Group Holdings Inc
NYSE:KORE
|
$68.05 Million |
|
Grupe S.A.B. de C.V
MX:CIDMEGA
|
$68.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CS BEARING Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 85,669,851,120 to 93,841,372,620, a change of 8,171,521,500 (9.5%).
- Net income of 2,508,225,870 contributed positively to equity growth.
- Other factors increased equity by 5,663,295,630.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.51 Billion | +2.67% |
| Other Changes | ₩5.66 Billion | +6.03% |
| Total Change | ₩- | 9.54% |
Book Value vs Market Value Analysis
This analysis compares CS BEARING 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: 2.34x
- 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 5.47x to 2.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩1472.93 | ₩8050.00 | x |
| 2018-12-31 | ₩1614.87 | ₩8050.00 | x |
| 2019-12-31 | ₩2217.79 | ₩8050.00 | x |
| 2020-12-31 | ₩2491.82 | ₩8050.00 | x |
| 2021-12-31 | ₩2702.76 | ₩8050.00 | x |
| 2022-12-31 | ₩3226.82 | ₩8050.00 | x |
| 2023-12-31 | ₩3141.54 | ₩8050.00 | x |
| 2024-12-31 | ₩3441.19 | ₩8050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CS BEARING 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): 2.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.38%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.58x
- Recent ROE (2.67%) is below the historical average (3.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.88% | 6.42% | 1.00x | 2.31x | ₩1.06 Billion |
| 2018 | 8.44% | 3.61% | 1.06x | 2.21x | ₩-432.25 Million |
| 2019 | 13.48% | 5.94% | 0.95x | 2.39x | ₩1.57 Billion |
| 2020 | 11.10% | 5.52% | 0.81x | 2.48x | ₩566.24 Million |
| 2021 | -2.03% | -1.19% | 0.70x | 2.44x | ₩-6.72 Billion |
| 2022 | -19.95% | -35.47% | 0.31x | 1.79x | ₩-26.09 Billion |
| 2023 | -1.88% | -2.10% | 0.51x | 1.75x | ₩-10.18 Billion |
| 2024 | 2.67% | 2.38% | 0.71x | 1.58x | ₩-6.88 Billion |
Industry Comparison
This section compares CS BEARING Co.Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $135,419,592,788
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CS BEARING Co.Ltd (297090) | ₩94.75 Billion | 14.88% | 0.42x | $68.10 Million |
| Hwacheon Mac (000850) | $337.27 Billion | 2.57% | 0.27x | $28.32 Million |
| Daidong Elec (008110) | $88.61 Billion | 9.10% | 0.47x | $11.34 Million |
| Booster Co. Ltd (008470) | $78.71 Billion | -1.57% | 0.22x | $7.43 Million |
| Simpac (009160) | $177.87 Billion | 4.27% | 0.64x | $73.77 Million |
| Kyung Dong Navien Co Ltd (009450) | $187.28 Billion | 5.94% | 0.89x | $260.71 Million |
| Korea Refract (010040) | $108.02 Billion | 5.31% | 0.90x | $5.93 Million |
| Woojin I&S Co Ltd (010400) | $59.84 Billion | 17.27% | 0.32x | $6.85 Million |
| Hwacheon Machi (010660) | $124.59 Billion | -4.92% | 0.27x | $43.29 Million |
| Han Shin Mach (011700) | $89.60 Billion | -1.35% | 0.41x | $87.00 Million |
| STX Corporation (011810) | $102.41 Billion | -13.24% | 6.24x | $45.77 Million |