Kyung Nong Corporation (002100) - Net Assets
Based on the latest financial reports, Kyung Nong Corporation (002100) has net assets worth ₩288.35 Billion KRW (≈ $195.41 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 (₩486.46 Billion ≈ $329.66 Million USD) and total liabilities (₩198.10 Billion ≈ $134.25 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 002100 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩288.35 Billion |
| % of Total Assets | 59.28% |
| Annual Growth Rate | 5.12% |
| 5-Year Change | 21.77% |
| 10-Year Change | N/A |
| Growth Volatility | 3.42 |
Kyung Nong Corporation - Net Assets Trend (2016–2025)
This chart illustrates how Kyung Nong Corporation's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Kyung Nong Corporation to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kyung Nong Corporation (2016–2025)
The table below shows the annual net assets of Kyung Nong Corporation from 2016 to 2025. For live valuation and market cap data, see 002100 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩288.35 Billion ≈ $195.41 Million |
+3.50% |
| 2024-12-31 | ₩278.59 Billion ≈ $188.80 Million |
+3.77% |
| 2023-12-31 | ₩268.46 Billion ≈ $181.93 Million |
+3.06% |
| 2022-12-31 | ₩260.48 Billion ≈ $176.53 Million |
+10.00% |
| 2021-12-31 | ₩236.81 Billion ≈ $160.48 Million |
+12.03% |
| 2020-12-31 | ₩211.37 Billion ≈ $143.24 Million |
+4.70% |
| 2019-12-31 | ₩201.89 Billion ≈ $136.81 Million |
+0.21% |
| 2018-12-31 | ₩201.45 Billion ≈ $136.52 Million |
+4.84% |
| 2017-12-31 | ₩192.15 Billion ≈ $130.22 Million |
+4.45% |
| 2016-12-31 | ₩183.97 Billion ≈ $124.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kyung Nong 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 72.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩208.81 Billion | 79.24% |
| Other Components | ₩54.71 Billion | 20.76% |
| Total Equity | ₩263.52 Billion | 100.00% |
Kyung Nong Corporation Competitors by Market Cap
The table below lists competitors of Kyung Nong Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Korea Fuel-Tech Corporation
KQ:123410
|
$112.64 Million |
|
Kyungin Synthe
KO:012610
|
$112.67 Million |
|
Taiwan IC Packaging
TWO:3372
|
$112.68 Million |
|
T.K.S. Technologies Public Company Limited
BK:TKS
|
$112.69 Million |
|
General de Alquiler de Maquinaria SA
MC:GAM
|
$112.58 Million |
|
U.S. GoldMining Inc. Common stock
NASDAQ:USGO
|
$112.58 Million |
|
Aeternal Mentis SA
MC:AMEN
|
$112.55 Million |
|
Kuang Hong Arts Management
TWO:6596
|
$112.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kyung Nong Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 251,681,976,640 to 263,520,289,350, a change of 11,838,312,710 (4.7%).
- Net income of 18,648,471,480 contributed positively to equity growth.
- Dividend payments of 8,039,092,500 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩18.65 Billion | +7.08% |
| Dividends Paid | ₩8.04 Billion | -3.05% |
| Other Changes | ₩1.23 Billion | +0.47% |
| Total Change | ₩- | 4.70% |
Book Value vs Market Value Analysis
This analysis compares Kyung Nong 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: 0.63x
- 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 0.94x to 0.63x 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 | ₩9904.87 | ₩9300.00 | x |
| 2018-12-31 | ₩10244.10 | ₩9300.00 | x |
| 2019-12-31 | ₩10301.57 | ₩9300.00 | x |
| 2020-12-31 | ₩10789.43 | ₩9300.00 | x |
| 2021-12-31 | ₩11887.75 | ₩9300.00 | x |
| 2022-12-31 | ₩12997.21 | ₩9300.00 | x |
| 2023-12-31 | ₩13544.25 | ₩9300.00 | x |
| 2024-12-31 | ₩14088.27 | ₩9300.00 | x |
| 2025-12-31 | ₩14750.93 | ₩9300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kyung Nong 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): 7.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.50%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.85x
- Recent ROE (7.08%) is above the historical average (6.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.81% | 3.20% | 0.64x | 1.87x | ₩-10.61 Billion |
| 2017 | 5.74% | 4.92% | 0.61x | 1.90x | ₩-7.54 Billion |
| 2018 | 3.02% | 2.60% | 0.60x | 1.95x | ₩-12.76 Billion |
| 2019 | 2.47% | 1.99% | 0.61x | 2.02x | ₩-13.86 Billion |
| 2020 | 6.54% | 5.08% | 0.67x | 1.93x | ₩-6.66 Billion |
| 2021 | 7.48% | 5.88% | 0.70x | 1.83x | ₩-5.34 Billion |
| 2022 | 11.56% | 7.42% | 0.81x | 1.93x | ₩3.62 Billion |
| 2023 | 7.82% | 5.44% | 0.77x | 1.85x | ₩-5.28 Billion |
| 2024 | 6.83% | 5.29% | 0.66x | 1.94x | ₩-7.97 Billion |
| 2025 | 7.08% | 5.50% | 0.70x | 1.85x | ₩-7.70 Billion |
Industry Comparison
This section compares Kyung Nong Corporation's net assets metrics with peer companies in the Agricultural Inputs industry.
Industry Context
- Industry: Agricultural Inputs
- Average net assets among peers: $118,374,714,423
- Average return on equity (ROE) among peers: 2.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kyung Nong Corporation (002100) | ₩288.35 Billion | 3.81% | 0.69x | $112.59 Million |
| Cho Bi (001550) | $37.60 Billion | 2.32% | 1.36x | $39.37 Million |
| Sung Bo Chem (003080) | $153.69 Billion | 3.99% | 0.19x | $30.00 Million |
| Dongbang Agro (007590) | $133.00 Billion | 4.61% | 0.40x | $49.10 Million |
| Namhae Chemical (025860) | $268.47 Billion | 1.54% | 1.11x | $204.39 Million |
| Nongwoobio Co. Ltd (054050) | $93.38 Billion | 8.56% | 0.18x | $77.57 Million |
| Asia Seed Co.Ltd (154030) | $24.10 Billion | -5.67% | 0.72x | $13.85 Million |
About Kyung Nong Corporation
Kyung Nong Corporation engages in the manufacture and sale of agricultural chemicals in South Korea. It provides various solutions for the farming industry, such as seeds, fertilizers, irrigation, natural insects, eco-friendly products, and freshness maintenance. The company was founded in 1957 and is headquartered in Seoul, South Korea.