SMCG Co., Ltd. (460870) - Net Assets
Based on the latest financial reports, SMCG Co., Ltd. (460870) has net assets worth ₩42.66 Billion KRW (≈ $28.91 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩74.95 Billion ≈ $50.79 Million USD) and total liabilities (₩32.28 Billion ≈ $21.88 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. Also explore 460870 total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩42.66 Billion |
| % of Total Assets | 56.92% |
| Annual Growth Rate | 82.26% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 120.52 |
SMCG Co., Ltd. - Net Assets Trend (2022–2025)
This chart illustrates how SMCG Co., Ltd.'s net assets have evolved over time, based on quarterly financial data. Check 460870 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for SMCG Co., Ltd. (2022–2025)
The table below shows the annual net assets of SMCG Co., Ltd. from 2022 to 2025. For live valuation and market cap data, see market value of SMCG Co., Ltd..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩41.67 Billion ≈ $28.24 Million |
+49.08% |
| 2024-12-31 | ₩27.95 Billion ≈ $18.94 Million |
+280.88% |
| 2023-12-31 | ₩7.34 Billion ≈ $4.97 Million |
+6.67% |
| 2022-12-31 | ₩6.88 Billion ≈ $4.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SMCG 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 6.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩4.91 Billion | 11.79% |
| Other Components | ₩36.76 Billion | 88.21% |
| Total Equity | ₩41.67 Billion | 100.00% |
SMCG Co., Ltd. Competitors by Market Cap
The table below lists competitors of SMCG Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kunming Longjin Pharmaceutical Co Ltd
SHE:002750
|
$34.58 Million |
|
Generations Bancorp NY Inc
NASDAQ:GBNY
|
$34.60 Million |
|
Century Lithium Corp.
V:LCE
|
$34.61 Million |
|
Lument Finance Trust Inc
NYSE:LFT
|
$34.61 Million |
|
Bantas Bandirma Ambalaj Sanayi ve Ticaret AS
IS:BNTAS
|
$34.57 Million |
|
Hudson Global Inc
NASDAQ:HSON
|
$34.56 Million |
|
PTL LTD Ordinary Shares
NASDAQ:PTLE
|
$34.55 Million |
|
Legacy Iron Ore Ltd
AU:LCY
|
$34.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SMCG Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,954,695,260 to 41,673,729,000, a change of 13,719,033,740 (49.1%).
- Net income of 1,332,673,750 contributed positively to equity growth.
- Share repurchases of 655,810,000 reduced equity.
- New share issuances of 645,000,000 increased equity.
- Other factors increased equity by 12,397,169,990.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.33 Billion | +3.2% |
| Share Repurchases | ₩655.81 Million | -1.57% |
| Share Issuances | ₩645.00 Million | +1.55% |
| Other Changes | ₩12.40 Billion | +29.75% |
| Total Change | ₩- | 49.08% |
Book Value vs Market Value Analysis
This analysis compares SMCG 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: 1.23x
- 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 6.87x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩378.20 | ₩2600.00 | x |
| 2023-12-31 | ₩403.44 | ₩2600.00 | x |
| 2024-12-31 | ₩1536.62 | ₩2600.00 | x |
| 2025-12-31 | ₩2109.76 | ₩2600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SMCG 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): 3.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.39%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.71x
- Recent ROE (3.20%) is below the historical average (3.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 14.29% | 3.11% | 0.58x | 7.96x | ₩295.06 Million |
| 2023 | 5.05% | 0.99% | 0.60x | 8.43x | ₩-363.30 Million |
| 2024 | -7.37% | -3.77% | 0.85x | 2.31x | ₩-4.86 Billion |
| 2025 | 3.20% | 2.39% | 0.78x | 1.71x | ₩-2.83 Billion |
Industry Comparison
This section compares SMCG Co., Ltd.'s net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $144,761,998,570
- Average return on equity (ROE) among peers: 3.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMCG Co., Ltd. (460870) | ₩42.66 Billion | 14.29% | 0.76x | $34.57 Million |
| Shin Hwa Silup (001770) | $51.27 Billion | 0.22% | 0.65x | $4.13 Million |
| Export Packing (002200) | $224.11 Billion | -0.09% | 0.34x | $55.09 Million |
| Shin Poong Pap (002870) | $71.72 Billion | 0.43% | 0.05x | $18.81 Million |
| Sam Young Chem (003720) | $96.29 Billion | -7.27% | 0.63x | $140.12 Million |
| NPC Co. Ltd (004250) | $163.00 Billion | 9.34% | 1.55x | $61.11 Million |
| National Plastic Co Ltd Preferred (004255) | $184.96 Billion | 14.27% | 0.65x | $6.53 Million |
| Samhwa Crown (004450) | $145.10 Billion | 5.76% | 0.64x | $29.73 Million |
| Daeryuk Can Co. Ltd (004780) | $103.63 Billion | 3.50% | 0.46x | $44.08 Million |
| Wonlim Corp. (005820) | $71.33 Billion | 5.25% | 0.79x | $18.22 Million |
| Youlchon Chem (008730) | $336.21 Billion | 4.38% | 0.83x | $227.90 Million |
About SMCG Co., Ltd.
SMCG Co., Ltd. manufactures and sells glass containers for cosmetics. The company also provides accessories, which includes caps, pumps, droppers, etc. It serves companies and small and medium-sized enterprises. The company was founded in 1998 and is headquartered in Anseong-si, South Korea.