Tae Won Mulsan (001420) - Net Assets

Latest as of December 2025: ₩41.68 Billion KRW ≈ $28.24 Million USD

Based on the latest financial reports, Tae Won Mulsan (001420) has net assets worth ₩41.68 Billion KRW (≈ $28.24 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩45.42 Billion ≈ $30.78 Million USD) and total liabilities (₩3.74 Billion ≈ $2.54 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 how tangible is Tae Won Mulsan's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩41.68 Billion
% of Total Assets	91.76%
Annual Growth Rate	2.52%
5-Year Change	33.02%
10-Year Change	28.39%
Growth Volatility	16.17

Tae Won Mulsan - Net Assets Trend (2013–2025)

This chart illustrates how Tae Won Mulsan's net assets have evolved over time, based on quarterly financial data. See 001420 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Tae Won Mulsan (2013–2025)

The table below shows the annual net assets of Tae Won Mulsan from 2013 to 2025. For live valuation and market cap data, see market cap of Tae Won Mulsan.

Year	Net Assets	Change
2025-12-31	₩41.68 Billion ≈ $28.24 Million	-7.95%
2024-12-31	₩45.28 Billion ≈ $30.68 Million	+56.34%
2023-12-31	₩28.96 Billion ≈ $19.63 Million	-2.07%
2022-12-31	₩29.57 Billion ≈ $20.04 Million	-5.61%
2021-12-31	₩31.33 Billion ≈ $21.23 Million	-0.91%
2020-12-31	₩31.62 Billion ≈ $21.43 Million	-1.80%
2019-12-31	₩32.20 Billion ≈ $21.82 Million	-0.03%
2018-12-31	₩32.21 Billion ≈ $21.83 Million	-1.16%
2017-12-31	₩32.58 Billion ≈ $22.08 Million	+0.38%
2016-12-31	₩32.46 Billion ≈ $22.00 Million	+2.21%
2015-12-31	₩31.76 Billion ≈ $21.52 Million	+1.22%
2014-12-31	₩31.38 Billion ≈ $21.26 Million	+1.49%
2013-12-31	₩30.92 Billion ≈ $20.95 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Tae Won Mulsan'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 83.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩23.89 Billion	57.32%
Other Components	₩17.79 Billion	42.68%
Total Equity	₩41.68 Billion	100.00%

Tae Won Mulsan Competitors by Market Cap

The table below lists competitors of Tae Won Mulsan ranked by their market capitalization.

Company	Market Cap
Electric Royalties Ltd V:ELEC	$11.86 Million
MedX Health Corp V:MDX	$11.86 Million
Just Group plc LSE:JUST	$11.86 Million
TS Corp Preference Shares KO:001795	$11.86 Million
Biofrontera Inc NASDAQ:BFRI	$11.85 Million
The Grob Tea Company Limited NSE:GROBTEA	$11.85 Million
Connexion Mobility Ltd AU:CXZ	$11.84 Million
Conneqt Health Limited AU:CQT	$11.84 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tae Won Mulsan's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 45,275,972,490 to 41,677,196,300, a change of -3,598,776,190 (-7.9%).
Net loss of 2,339,743,310 reduced equity.
Dividend payments of 1,466,531,550 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩-2.34 Billion	-5.61%
Dividends Paid	₩1.47 Billion	-3.52%
Other Changes	₩207.50 Million	+0.5%
Total Change	₩-	-7.95%

Book Value vs Market Value Analysis

This analysis compares Tae Won Mulsan'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: 0.42x
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 0.54x to 0.42x 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	₩4443.54	₩2385.00	x
2018-12-31	₩4391.97	₩2385.00	x
2019-12-31	₩4390.82	₩2385.00	x
2020-12-31	₩4311.82	₩2385.00	x
2021-12-31	₩4272.77	₩2385.00	x
2022-12-31	₩4032.88	₩2385.00	x
2023-12-31	₩3949.29	₩2385.00	x
2024-12-31	₩6174.19	₩2385.00	x
2025-12-31	₩5683.43	₩2385.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tae Won Mulsan 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): -5.61%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -15.74%
• Asset Turnover: 0.33x
• Equity Multiplier: 1.09x
Recent ROE (-5.61%) is below the historical average (3.77%), 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	6.36%	5.17%	0.90x	1.37x	₩-1.12 Billion
2014	2.60%	2.58%	0.74x	1.35x	₩-2.32 Billion
2015	2.13%	2.22%	0.70x	1.37x	₩-2.50 Billion
2016	4.41%	4.50%	0.71x	1.38x	₩-1.82 Billion
2017	2.54%	3.32%	0.61x	1.26x	₩-2.43 Billion
2018	1.11%	1.63%	0.57x	1.19x	₩-2.86 Billion
2019	1.67%	2.46%	0.57x	1.19x	₩-2.68 Billion
2020	-0.08%	-0.16%	0.43x	1.21x	₩-3.19 Billion
2021	0.26%	0.55%	0.39x	1.19x	₩-3.05 Billion
2022	-4.60%	-12.42%	0.31x	1.18x	₩-4.32 Billion
2023	-0.28%	-0.90%	0.25x	1.29x	₩-2.98 Billion
2024	38.58%	150.97%	0.22x	1.18x	₩12.94 Billion
2025	-5.61%	-15.74%	0.33x	1.09x	₩-6.51 Billion

Industry Comparison

This section compares Tae Won Mulsan's net assets metrics with peer companies in the Auto Parts industry.

Industry Context

Industry: Auto Parts
Average net assets among peers: $720,959,395,686
Average return on equity (ROE) among peers: 7.92%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tae Won Mulsan (001420)	₩41.68 Billion	6.36%	0.09x	$11.85 Million
Hankook Tire Worldwide (000240)	$3.00 Trillion	5.66%	0.09x	$1.58 Billion
Daewonkangup (000430)	$490.61 Billion	2.53%	1.34x	$194.75 Million
SG Choongbang Co Ltd (001380)	$124.57 Billion	-1.20%	0.62x	$44.95 Million
Dongkook Ind (001620)	$268.05 Billion	11.77%	2.22x	$182.52 Million
PS Tec. Co. Ltd (002230)	$101.46 Billion	24.27%	0.32x	$61.14 Million
Nexen Tire (002350)	$1.20 Trillion	14.45%	1.18x	$464.65 Million
Nexen Tire Prf 1 (002355)	$933.36 Billion	13.77%	1.71x	$17.93 Million
Dayou A-Tech (002880)	$203.50 Billion	0.00%	3.17x	$26.24 Million
Yoo Sung Ent (002920)	$168.22 Billion	0.00%	0.38x	$31.08 Million

About Tae Won Mulsan

KO:001420 Korea Auto Parts

Market Cap

$11.85 Million

₩17.49 Billion KRW

Market Cap Rank

#26620 Global

#1952 in Korea

Share Price

₩2385.00

Change (1 day)

+0.21%

52-Week Range

₩2080.00 - ₩4050.00

All Time High

₩7574.11