Tongyang Inc (001527) - Net Assets
Based on the latest financial reports, Tongyang Inc (001527) has net assets worth ₩764.31 Billion KRW (≈ $517.96 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 (₩1.45 Trillion ≈ $985.56 Million USD) and total liabilities (₩689.99 Billion ≈ $467.60 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 Tongyang Inc strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩764.31 Billion |
| % of Total Assets | 52.56% |
| Annual Growth Rate | 6.59% |
| 5-Year Change | -3.46% |
| 10-Year Change | -12.26% |
| Growth Volatility | 45.74 |
Tongyang Inc - Net Assets Trend (2014–2025)
This chart illustrates how Tongyang Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Tongyang Inc (001527) market capitalisation.
Annual Net Assets for Tongyang Inc (2014–2025)
The table below shows the annual net assets of Tongyang Inc from 2014 to 2025. Also explore Tongyang Inc annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩756.90 Billion ≈ $512.94 Million |
+7.33% |
| 2024-12-31 | ₩705.18 Billion ≈ $477.89 Million |
-10.54% |
| 2023-12-31 | ₩788.24 Billion ≈ $534.18 Million |
+0.60% |
| 2022-12-31 | ₩783.53 Billion ≈ $530.99 Million |
-0.06% |
| 2021-12-31 | ₩783.99 Billion ≈ $531.30 Million |
+0.57% |
| 2020-12-31 | ₩779.59 Billion ≈ $528.31 Million |
-4.83% |
| 2019-12-31 | ₩819.15 Billion ≈ $555.12 Million |
-1.79% |
| 2018-12-31 | ₩834.11 Billion ≈ $565.27 Million |
-2.06% |
| 2017-12-31 | ₩851.65 Billion ≈ $577.15 Million |
-1.28% |
| 2016-12-31 | ₩862.69 Billion ≈ $584.63 Million |
-10.13% |
| 2015-12-31 | ₩959.98 Billion ≈ $650.56 Million |
+156.03% |
| 2014-12-31 | ₩374.95 Billion ≈ $254.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tongyang Inc'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 39518021714000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩123.87 Billion | 17.04% |
| Other Components | ₩602.89 Billion | 82.96% |
| Total Equity | ₩726.75 Billion | 100.00% |
Tongyang Inc Competitors by Market Cap
The table below lists competitors of Tongyang Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kodal Minerals PLC
LSE:KOD
|
$706.47K |
|
Thunder Power Holdings, Inc.
NASDAQ:AIEV
|
$710.14K |
|
GCM Resources Plc
LSE:GCM
|
$710.80K |
|
Augmentum Fintech PLC
LSE:AUGM
|
$711.66K |
|
Premier Miton Group plc
LSE:PMI
|
$704.61K |
|
Diagonal Bio AB
ST:DIABIO
|
$703.53K |
|
Greencastle Resources Ltd.
V:VGN
|
$703.28K |
|
Darmi Bersaudara Tbk PT
JK:KAYU
|
$701.39K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongyang Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 705,234,044,610 to 726,754,309,840, a change of 21,520,265,230 (3.1%).
- Net income of 20,076,904,630 contributed positively to equity growth.
- New share issuances of 30,000,000,000 increased equity.
- Other factors decreased equity by 28,556,639,400.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩20.08 Billion | +2.76% |
| Share Issuances | ₩30.00 Billion | +4.13% |
| Other Changes | ₩-28.56 Billion | -3.93% |
| Total Change | ₩- | 3.05% |
Book Value vs Market Value Analysis
This analysis compares Tongyang Inc'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 1.22x 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 |
|---|---|---|---|
| 2017-12-31 | ₩4149.09 | ₩5060.00 | x |
| 2018-12-31 | ₩4110.05 | ₩5060.00 | x |
| 2019-12-31 | ₩4053.15 | ₩5060.00 | x |
| 2020-12-31 | ₩3973.82 | ₩5060.00 | x |
| 2021-12-31 | ₩4026.86 | ₩5060.00 | x |
| 2022-12-31 | ₩4061.65 | ₩5060.00 | x |
| 2023-12-31 | ₩4153.27 | ₩5060.00 | x |
| 2024-12-31 | ₩7431.18 | ₩5060.00 | x |
| 2025-12-31 | ₩7657.94 | ₩5060.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongyang Inc 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): 2.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.18%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 2.00x
- Recent ROE (2.76%) is below the historical average (19.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 170.75% | 167.26% | 0.46x | 2.22x | ₩600.29 Billion |
| 2015 | 64.93% | 158.68% | 0.33x | 1.23x | ₩527.10 Billion |
| 2016 | 2.82% | 5.53% | 0.44x | 1.16x | ₩-61.93 Billion |
| 2017 | 1.91% | 3.37% | 0.49x | 1.15x | ₩-68.94 Billion |
| 2018 | 0.40% | 0.63% | 0.54x | 1.17x | ₩-80.17 Billion |
| 2019 | -0.05% | -0.07% | 0.53x | 1.24x | ₩-82.57 Billion |
| 2020 | -2.98% | -3.89% | 0.61x | 1.27x | ₩-102.24 Billion |
| 2021 | 2.03% | 2.31% | 0.69x | 1.26x | ₩-63.61 Billion |
| 2022 | -0.56% | -0.57% | 0.78x | 1.26x | ₩-82.76 Billion |
| 2023 | 2.31% | 2.10% | 0.79x | 1.39x | ₩-60.64 Billion |
| 2024 | -10.53% | -9.89% | 0.57x | 1.87x | ₩-144.76 Billion |
| 2025 | 2.76% | 3.18% | 0.43x | 2.00x | ₩-52.60 Billion |
Industry Comparison
This section compares Tongyang Inc's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $494,372,021,901
- Average return on equity (ROE) among peers: 0.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongyang Inc (001527) | ₩764.31 Billion | 170.75% | 0.90x | $705.38K |
| Chosun Refractories Co Ltd (000480) | $408.09 Billion | 2.33% | 1.13x | $121.90 Million |
| Union Corporation (000910) | $205.76 Billion | -1.85% | 0.34x | $31.05 Million |
| Tongyang (001520) | $819.15 Billion | -0.05% | 0.24x | $84.34 Million |
| Tongyang Inc (001525) | $834.11 Billion | 0.40% | 0.17x | $1.14 Billion |
| Asia Cement (002030) | $548.29 Billion | 4.75% | 0.96x | $239.72 Million |
| Hanil Cement Co Ltd (003300) | $963.09 Billion | 4.60% | 0.23x | $376.72 Million |
| Korea Petroleum Industries Co (004090) | $147.71 Billion | 2.98% | 1.08x | $102.03 Million |
| Samil C&S Co Ltd (004440) | $277.36 Billion | -0.37% | 0.18x | $42.97 Million |
| TWay Holdings (004870) | $245.78 Billion | -12.02% | 2.54x | $81.52 Million |
About Tongyang Inc
Tongyang Inc. manufactures and sells ready-mixed concrete materials. It manufactures and distributes construction materials, such as ready-mixed concrete and aggregates; and distributes construction materials, including ready-mixed concrete, steel reinforcement, thermal insulation materials, tiles, sanitary wares, and plaster boards. The company is also involved in housing construction projects f… Read more