Union Corporation (000910) - Net Assets
Based on the latest financial reports, Union Corporation (000910) has net assets worth ₩110.29 Billion KRW (≈ $74.74 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 (₩322.77 Billion ≈ $218.74 Million USD) and total liabilities (₩212.48 Billion ≈ $144.00 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 Union Corporation liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩110.29 Billion |
| % of Total Assets | 34.17% |
| Annual Growth Rate | -6.02% |
| 5-Year Change | -42.27% |
| 10-Year Change | -17.16% |
| Growth Volatility | 26.85 |
Union Corporation - Net Assets Trend (2011–2024)
This chart illustrates how Union Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Union Corporation (000910) total assets for the complete picture of this company's asset base.
Annual Net Assets for Union Corporation (2011–2024)
The table below shows the annual net assets of Union Corporation from 2011 to 2024. For live valuation and market cap data, see Union Corporation (000910) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩101.61 Billion ≈ $68.86 Million |
-42.30% |
| 2023-12-31 | ₩176.10 Billion ≈ $119.34 Million |
+0.88% |
| 2022-12-31 | ₩174.56 Billion ≈ $118.30 Million |
-4.95% |
| 2021-12-31 | ₩183.65 Billion ≈ $124.46 Million |
+4.34% |
| 2020-12-31 | ₩176.01 Billion ≈ $119.28 Million |
+23.27% |
| 2019-12-31 | ₩142.79 Billion ≈ $96.77 Million |
-3.05% |
| 2018-12-31 | ₩147.28 Billion ≈ $99.81 Million |
-29.64% |
| 2017-12-31 | ₩209.34 Billion ≈ $141.87 Million |
+67.47% |
| 2016-12-31 | ₩125.00 Billion ≈ $84.71 Million |
+1.90% |
| 2015-12-31 | ₩122.67 Billion ≈ $83.13 Million |
-6.00% |
| 2014-12-31 | ₩130.50 Billion ≈ $88.44 Million |
-36.58% |
| 2013-12-31 | ₩205.76 Billion ≈ $139.44 Million |
+6.29% |
| 2012-12-31 | ₩193.58 Billion ≈ $131.19 Million |
-15.00% |
| 2011-12-31 | ₩227.74 Billion ≈ $154.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Union Corporation'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 4956064867000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩49.56 Billion | 59.61% |
| Other Components | ₩33.58 Billion | 40.39% |
| Total Equity | ₩83.14 Billion | 100.00% |
Union Corporation Competitors by Market Cap
The table below lists competitors of Union Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Navamedic ASA
OL:NAVA
|
$47.82 Million |
|
Vection Technologies Ltd
AU:VR1
|
$47.82 Million |
|
Pan Brothers Tbk
JK:PBRX
|
$47.83 Million |
|
Fractal Gaming Group AB
ST:FRACTL
|
$47.84 Million |
|
Mawana Sugars Limited
NSE:MAWANASUG
|
$47.82 Million |
|
Francotyp-Postalia Holding AG
F:FPH
|
$47.81 Million |
|
Victory Square Technologies Inc
F:6F6
|
$47.76 Million |
|
PT Indo Boga Sukses Tbk
JK:IBOS
|
$47.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 129,606,979,130 to 83,143,097,640, a change of -46,463,881,490 (-35.8%).
- Net loss of 41,964,240,840 reduced equity.
- Dividend payments of 1,951,451,000 reduced retained earnings.
- Other factors decreased equity by 2,548,189,650.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-41.96 Billion | -50.47% |
| Dividends Paid | ₩1.95 Billion | -2.35% |
| Other Changes | ₩-2.55 Billion | -3.06% |
| Total Change | ₩- | -35.85% |
Book Value vs Market Value Analysis
This analysis compares Union Corporation'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: 0.85x
- 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 increased from 0.43x to 0.85x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩10623.56 | ₩4520.00 | x |
| 2018-12-31 | ₩8024.07 | ₩4520.00 | x |
| 2019-12-31 | ₩6789.70 | ₩4520.00 | x |
| 2020-12-31 | ₩8009.28 | ₩4520.00 | x |
| 2021-12-31 | ₩8391.35 | ₩4520.00 | x |
| 2022-12-31 | ₩7741.23 | ₩4520.00 | x |
| 2023-12-31 | ₩8301.96 | ₩4520.00 | x |
| 2024-12-31 | ₩5325.72 | ₩4520.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Corporation 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): -50.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.24%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 3.67x
- Recent ROE (-50.47%) is below the historical average (-5.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 3.69% | 6.35% | 0.41x | 1.42x | ₩-14.36 Billion |
| 2012 | 2.81% | 4.33% | 0.48x | 1.36x | ₩-13.90 Billion |
| 2013 | -1.85% | -3.32% | 0.41x | 1.34x | ₩-24.35 Billion |
| 2014 | 2.82% | 3.12% | 0.67x | 1.36x | ₩-9.35 Billion |
| 2015 | -2.37% | -2.90% | 0.61x | 1.33x | ₩-15.20 Billion |
| 2016 | 0.09% | 0.13% | 0.56x | 1.31x | ₩-12.38 Billion |
| 2017 | 3.39% | 2.79% | 0.50x | 2.44x | ₩-9.84 Billion |
| 2018 | -33.87% | -18.24% | 0.68x | 2.73x | ₩-49.34 Billion |
| 2019 | -15.93% | -7.44% | 0.65x | 3.28x | ₩-25.72 Billion |
| 2020 | 11.60% | 7.66% | 0.53x | 2.83x | ₩2.00 Billion |
| 2021 | 6.71% | 4.07% | 0.59x | 2.80x | ₩-4.30 Billion |
| 2022 | -8.37% | -4.30% | 0.62x | 3.11x | ₩-22.20 Billion |
| 2023 | 5.63% | 3.25% | 0.59x | 2.95x | ₩-5.66 Billion |
| 2024 | -50.47% | -19.24% | 0.71x | 3.67x | ₩-50.28 Billion |
Industry Comparison
This section compares Union Corporation's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $537,585,835,562
- Average return on equity (ROE) among peers: 25.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Corporation (000910) | ₩110.29 Billion | 3.69% | 1.93x | $47.82 Million |
| Chosun Refractories Co Ltd (000480) | $513.29 Billion | 6.65% | 0.94x | $143.15 Million |
| Tongyang (001520) | $223.24 Billion | 0.00% | 14.93x | $103.42 Million |
| Tongyang Inc (001525) | $374.95 Billion | 170.06% | 1.21x | $613.90 Million |
| Tongyang Inc (001527) | $834.11 Billion | 0.40% | 0.17x | $1.23 Million |
| Asia Cement (002030) | $534.91 Billion | 1.23% | 1.17x | $299.50 Million |
| Hanil Cement Co Ltd (003300) | $1.82 Trillion | 2.69% | 0.82x | $366.69 Million |
| Korea Petroleum Industries Co (004090) | $100.57 Billion | 3.22% | 1.35x | $137.42 Million |
| Samil C&S Co Ltd (004440) | $269.06 Billion | 0.76% | 0.32x | $70.92 Million |
| TWay Holdings (004870) | $164.73 Billion | 46.32% | 0.28x | $21.17 Million |
About Union Corporation
Union Corporation engages in cement business in South Korea. The company offers building materials, such as white Portland cement, tile construction products, plastering and masonry products, flooring products, water proofing and repellents, and additives; refractory materials, including calcium aluminate cement and aggregates; and civil construction materials comprising repair and reinforcing pr… Read more