TS Corporation

KO:001790 Korea Confectioners
Market Cap
$159.91 Million
₩234.15 Billion KRW
Market Cap Rank
#19300 Global
#765 in Korea
Share Price
₩2715.00
Change (1 day)
+0.00%
52-Week Range
₩2660.00 - ₩4010.00
All Time High
₩4950.18
Categories
Companies in Korea Confectioners
About

TS Corporation operates as a food company in South Korea. The company produces and supplies sugar and food stuff, food materials, additives, dairy products, and raw materials for bakery, mixed seasonings, and other agricultural products, as well as cocoa, fondant, and SMP products; and animal feed. It also develops various nutraceuticals and premium foods to control aging and prevent adult diseas… Read more

TS Corporation (001790) - Net Assets

Latest net assets as of September 2025: ₩604.99 Billion KRW

Based on the latest financial reports, TS Corporation (001790) has net assets worth ₩604.99 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 (₩1.30 Trillion) and total liabilities (₩691.54 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 ₩604.99 Billion
% of Total Assets 46.66%
Annual Growth Rate 4.37%
5-Year Change 16.84%
10-Year Change 31.61%
Growth Volatility 14.41

TS Corporation - Net Assets Trend (2000–2024)

This chart illustrates how TS Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for TS Corporation (2000–2024)

The table below shows the annual net assets of TS Corporation from 2000 to 2024.

Year Net Assets Change
2024-12-31 ₩559.15 Billion +0.82%
2023-12-31 ₩554.59 Billion +3.14%
2022-12-31 ₩537.72 Billion +5.19%
2021-12-31 ₩511.20 Billion +6.82%
2020-12-31 ₩478.57 Billion +3.07%
2019-12-31 ₩464.32 Billion +2.73%
2018-12-31 ₩451.97 Billion +0.04%
2017-12-31 ₩451.78 Billion +0.43%
2016-12-31 ₩449.83 Billion +5.87%
2015-12-31 ₩424.87 Billion -5.06%
2014-12-31 ₩447.51 Billion +0.79%
2013-12-31 ₩443.99 Billion +2.26%
2012-12-31 ₩434.19 Billion +5.07%
2011-12-31 ₩413.24 Billion -2.89%
2010-12-31 ₩425.54 Billion -7.88%
2009-12-31 ₩461.96 Billion +3.43%
2008-12-31 ₩446.66 Billion +72.19%
2007-12-31 ₩259.40 Billion +3.03%
2006-12-31 ₩251.77 Billion +7.30%
2005-12-31 ₩234.63 Billion +3.88%
2004-12-31 ₩225.86 Billion +5.19%
2003-12-31 ₩214.72 Billion +1.56%
2002-12-31 ₩211.42 Billion +3.72%
2001-12-31 ₩203.85 Billion +1.73%
2000-12-31 ₩200.38 Billion --

Equity Component Analysis

This analysis shows how different components contribute to TS 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 32746344600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩327.46 Billion 58.66%
Other Components ₩230.82 Billion 41.34%
Total Equity ₩558.28 Billion 100.00%

TS Corporation Competitors by Market Cap

The table below lists competitors of TS Corporation ranked by their market capitalization.

Company Market Cap
Adverum Biotechnologies Inc
NASDAQ:ADVM
 		$77.42 Million
Honda India Power Products Limited
NSE:HONDAPOWER
 		$77.44 Million
Vitzro Tech Co. Ltd
KQ:042370
 		$77.46 Million
China Wire & Cable Co Ltd
TW:1603
 		$77.47 Million
Brockhaus Capital Management AG
F:BKHT
 		$77.40 Million
Landmark Cars Limited
NSE:LANDMARK
 		$77.39 Million
Loop Telecommunication International Inc
TW:3025
 		$77.34 Million
Pekat Group Bhd
KLSE:0233
 		$77.34 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 554,344,669,000 to 558,280,144,000, a change of 3,935,475,000 (0.7%).
  • Net income of 20,491,028,000 contributed positively to equity growth.
  • Dividend payments of 11,093,038,000 reduced retained earnings.
  • Share repurchases of 5,850,794,000 reduced equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩20.49 Billion +3.67%
Dividends Paid ₩11.09 Billion -1.99%
Share Repurchases ₩5.85 Billion -1.05%
Other Changes ₩388.28 Million +0.07%
Total Change ₩- 0.71%

Book Value vs Market Value Analysis

This analysis compares TS 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: 0.43x
  • 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.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 ₩5465.19 ₩2715.00 x
2018-12-31 ₩5467.28 ₩2715.00 x
2019-12-31 ₩5527.39 ₩2715.00 x
2020-12-31 ₩5774.10 ₩2715.00 x
2021-12-31 ₩5696.48 ₩2715.00 x
2022-12-31 ₩5992.46 ₩2715.00 x
2023-12-31 ₩6180.22 ₩2715.00 x
2024-12-31 ₩6366.38 ₩2715.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently TS 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): 3.67%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.49%
  • • Asset Turnover: 1.11x
  • • Equity Multiplier: 2.21x
  • Recent ROE (3.67%) 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
2000 1.42% 0.31% 0.97x 4.66x ₩-15.26 Billion
2001 2.04% 0.41% 1.07x 4.62x ₩-14.47 Billion
2002 4.56% 0.98% 1.10x 4.25x ₩-10.55 Billion
2003 3.51% 0.82% 1.03x 4.14x ₩-13.00 Billion
2004 7.34% 1.67% 1.09x 4.04x ₩-5.66 Billion
2005 8.29% 1.86% 1.14x 3.91x ₩-3.79 Billion
2006 6.57% 1.45% 1.08x 4.21x ₩-8.14 Billion
2007 4.44% 0.94% 1.04x 4.55x ₩-13.61 Billion
2008 1.30% 0.36% 0.98x 3.64x ₩-35.55 Billion
2009 5.26% 1.68% 0.87x 3.62x ₩-20.13 Billion
2010 3.05% 0.97% 0.87x 3.63x ₩-29.55 Billion
2011 4.56% 1.31% 0.90x 3.87x ₩-22.43 Billion
2012 6.63% 1.90% 0.93x 3.74x ₩-14.61 Billion
2013 2.34% 0.75% 0.89x 3.54x ₩-33.98 Billion
2014 1.36% 0.45% 0.86x 3.49x ₩-38.66 Billion
2015 -4.17% -1.42% 0.81x 3.65x ₩-59.91 Billion
2016 5.01% 1.78% 1.04x 2.69x ₩-22.41 Billion
2017 2.35% 0.83% 1.11x 2.55x ₩-34.52 Billion
2018 2.16% 0.80% 1.07x 2.51x ₩-35.42 Billion
2019 3.18% 1.22% 1.05x 2.46x ₩-31.68 Billion
2020 4.73% 1.86% 1.06x 2.40x ₩-25.22 Billion
2021 3.95% 1.60% 1.07x 2.31x ₩-30.92 Billion
2022 4.75% 1.85% 1.13x 2.27x ₩-28.21 Billion
2023 5.88% 2.44% 1.12x 2.14x ₩-22.86 Billion
2024 3.67% 1.49% 1.11x 2.21x ₩-35.34 Billion

Industry Comparison

This section compares TS Corporation's net assets metrics with peer companies in the Confectioners industry.

Industry Context

  • Industry: Confectioners
  • Average net assets among peers: $532,617,134,296
  • Average return on equity (ROE) among peers: 5.05%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
TS Corporation (001790) ₩604.99 Billion 1.42% 1.14x $77.41 Million
TS Corp Preference Shares (001795) $451.97 Billion 2.15% 1.51x $22.11 Million
Crown Confec (005740) $303.45 Billion 13.68% 2.70x $24.60 Million
CrownHaitai Holdings Co Ltd Preference Shares (005745) $459.91 Billion -4.51% 1.69x $26.91 Million
Crown Confectionery Co Ltd (264900) $120.79 Billion 11.32% 1.72x $26.48 Million
Lotte Confectionery Co Ltd (280360) $1.33 Trillion 2.63% 1.01x $227.15 Million