Samyang Tongsang Co. Ltd. (002170) - Net Assets
Based on the latest financial reports, Samyang Tongsang Co. Ltd. (002170) has net assets worth ₩453.49 Billion KRW (≈ $307.32 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 (₩474.24 Billion ≈ $321.39 Million USD) and total liabilities (₩20.75 Billion ≈ $14.06 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. Also explore Samyang Tongsang Co. Ltd. total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩453.49 Billion |
| % of Total Assets | 95.62% |
| Annual Growth Rate | 5.26% |
| 5-Year Change | 11.58% |
| 10-Year Change | 81.47% |
| Growth Volatility | 6.55 |
Samyang Tongsang Co. Ltd. - Net Assets Trend (2000–2025)
This chart illustrates how Samyang Tongsang Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Check 002170 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Samyang Tongsang Co. Ltd. (2000–2025)
The table below shows the annual net assets of Samyang Tongsang Co. Ltd. from 2000 to 2025. For live valuation and market cap data, see Samyang Tongsang Co. Ltd. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩453.49 Billion ≈ $307.32 Million |
+4.46% |
| 2024-12-31 | ₩434.15 Billion ≈ $294.21 Million |
+0.52% |
| 2023-12-31 | ₩431.92 Billion ≈ $292.71 Million |
+3.55% |
| 2022-12-31 | ₩417.11 Billion ≈ $282.67 Million |
+2.63% |
| 2021-12-31 | ₩406.42 Billion ≈ $275.43 Million |
+8.21% |
| 2020-12-31 | ₩375.58 Billion ≈ $254.53 Million |
+14.25% |
| 2019-12-31 | ₩328.75 Billion ≈ $222.79 Million |
+12.26% |
| 2018-12-31 | ₩292.84 Billion ≈ $198.45 Million |
+7.83% |
| 2017-12-31 | ₩271.57 Billion ≈ $184.04 Million |
+8.67% |
| 2016-12-31 | ₩249.90 Billion ≈ $169.35 Million |
+8.38% |
| 2015-12-31 | ₩230.57 Billion ≈ $156.26 Million |
+3.61% |
| 2014-12-31 | ₩222.54 Billion ≈ $150.81 Million |
+3.82% |
| 2013-12-31 | ₩214.35 Billion ≈ $145.26 Million |
+0.66% |
| 2012-12-31 | ₩212.94 Billion ≈ $144.30 Million |
+2.41% |
| 2011-12-31 | ₩207.93 Billion ≈ $140.91 Million |
+21.43% |
| 2008-12-31 | ₩171.24 Billion ≈ $116.05 Million |
-10.85% |
| 2007-12-31 | ₩192.08 Billion ≈ $130.17 Million |
+0.12% |
| 2006-12-31 | ₩191.85 Billion ≈ $130.02 Million |
+3.96% |
| 2005-12-31 | ₩184.55 Billion ≈ $125.07 Million |
-0.08% |
| 2004-12-31 | ₩184.69 Billion ≈ $125.16 Million |
+2.04% |
| 2003-12-31 | ₩181.00 Billion ≈ $122.66 Million |
+11.38% |
| 2002-12-31 | ₩162.51 Billion ≈ $110.13 Million |
+13.20% |
| 2001-12-31 | ₩143.56 Billion ≈ $97.29 Million |
+14.02% |
| 2000-12-31 | ₩125.91 Billion ≈ $85.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Samyang Tongsang Co. Ltd.'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 41069450502000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩410.69 Billion | 90.56% |
| Other Components | ₩42.80 Billion | 9.44% |
| Total Equity | ₩453.49 Billion | 100.00% |
Samyang Tongsang Co. Ltd. Competitors by Market Cap
The table below lists competitors of Samyang Tongsang Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adisyn Ltd
AU:AI1
|
$99.33 Million |
|
Bank Victoria International
JK:BVIC
|
$99.37 Million |
|
Kino Indonesia Tbk PT
JK:KINO
|
$99.38 Million |
|
Rafael Holdings, Inc.
NYSE:RFL
|
$99.38 Million |
|
Silla Co.Ltd
KO:004970
|
$99.27 Million |
|
Western Carriers India Ltd
NSE:WCIL
|
$99.27 Million |
|
Canadian Net Real Estate Investment Trust
V:NET-UN
|
$99.23 Million |
|
ATW Technology Inc
TWO:8097
|
$99.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Samyang Tongsang Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 434,145,677,110 to 453,490,771,940, a change of 19,345,094,830 (4.5%).
- Net income of 23,951,444,920 contributed positively to equity growth.
- Dividend payments of 3,992,586,000 reduced retained earnings.
- Share repurchases of 1,101,073,250 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩23.95 Billion | +5.28% |
| Dividends Paid | ₩3.99 Billion | -0.88% |
| Share Repurchases | ₩1.10 Billion | -0.24% |
| Other Changes | ₩487.31 Million | +0.11% |
| Total Change | ₩- | 4.46% |
Book Value vs Market Value Analysis
This analysis compares Samyang Tongsang Co. Ltd.'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: 0.32x
- 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 0.61x to 0.32x 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 | ₩90524.09 | ₩55500.00 | x |
| 2018-12-31 | ₩98979.97 | ₩55500.00 | x |
| 2019-12-31 | ₩115171.84 | ₩55500.00 | x |
| 2020-12-31 | ₩131810.73 | ₩55500.00 | x |
| 2021-12-31 | ₩142633.16 | ₩55500.00 | x |
| 2022-12-31 | ₩147461.64 | ₩55500.00 | x |
| 2023-12-31 | ₩155143.33 | ₩55500.00 | x |
| 2024-12-31 | ₩163106.95 | ₩55500.00 | x |
| 2025-12-31 | ₩171776.81 | ₩55500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Samyang Tongsang Co. Ltd. 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): 5.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.71%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.05x
- Recent ROE (5.28%) is below the historical average (6.79%), 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 | 7.47% | 5.21% | 0.81x | 1.78x | ₩-3.18 Billion |
| 2001 | 13.64% | 10.16% | 0.89x | 1.51x | ₩5.23 Billion |
| 2002 | 14.57% | 11.75% | 0.90x | 1.37x | ₩7.43 Billion |
| 2003 | 10.25% | 8.87% | 0.88x | 1.32x | ₩444.53 Million |
| 2004 | 5.30% | 4.61% | 0.91x | 1.26x | ₩-8.69 Billion |
| 2005 | 1.34% | 1.12% | 0.90x | 1.33x | ₩-15.98 Billion |
| 2006 | 4.68% | 5.99% | 0.65x | 1.19x | ₩-10.21 Billion |
| 2007 | 1.35% | 2.39% | 0.49x | 1.15x | ₩-16.62 Billion |
| 2011 | 5.68% | 7.21% | 0.66x | 1.20x | ₩-8.98 Billion |
| 2012 | 2.81% | 3.69% | 0.63x | 1.21x | ₩-15.30 Billion |
| 2013 | 1.58% | 2.04% | 0.61x | 1.28x | ₩-18.04 Billion |
| 2014 | 4.59% | 5.13% | 0.67x | 1.34x | ₩-12.04 Billion |
| 2015 | 4.57% | 4.90% | 0.69x | 1.36x | ₩-12.53 Billion |
| 2016 | 9.15% | 11.67% | 0.68x | 1.16x | ₩-2.14 Billion |
| 2017 | 9.18% | 14.61% | 0.55x | 1.14x | ₩-2.23 Billion |
| 2018 | 8.64% | 13.81% | 0.56x | 1.12x | ₩-3.99 Billion |
| 2019 | 13.44% | 23.01% | 0.52x | 1.13x | ₩11.33 Billion |
| 2020 | 13.29% | 25.15% | 0.47x | 1.12x | ₩12.35 Billion |
| 2021 | 8.15% | 17.09% | 0.42x | 1.13x | ₩-7.50 Billion |
| 2022 | 3.62% | 8.45% | 0.39x | 1.10x | ₩-26.61 Billion |
| 2023 | 5.01% | 12.07% | 0.39x | 1.05x | ₩-21.55 Billion |
| 2024 | 2.54% | 5.75% | 0.42x | 1.05x | ₩-32.41 Billion |
| 2025 | 5.28% | 13.71% | 0.37x | 1.05x | ₩-21.40 Billion |
Industry Comparison
This section compares Samyang Tongsang Co. Ltd.'s net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $218,199,741,159
- Average return on equity (ROE) among peers: -8.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Samyang Tongsang Co. Ltd. (002170) | ₩453.49 Billion | 7.47% | 0.05x | $99.29 Million |
| Hwaseung Industries Co Ltd (006060) | $453.41 Billion | 13.00% | 1.80x | $81.19 Million |
| Uni Chem (011330) | $9.52 Billion | -130.18% | 3.28x | $207.68 Million |
| Baiksan (035150) | $49.94 Billion | 0.00% | 1.83x | $136.46 Million |
| InBioGen Co Ltd (101140) | $178.02 Billion | 52.87% | 0.54x | $36.20 Million |
| Gumho NT Co Ltd (130500) | $88.40 Billion | 2.43% | 1.04x | $17.45 Million |
| JS Corp (194370) | $156.91 Billion | 5.23% | 0.29x | $238.02 Million |
| Hwaseung Enterprise Co Ltd (241590) | $591.18 Billion | -1.69% | 1.50x | $125.23 Million |
About Samyang Tongsang Co. Ltd.
SYTS Corp. produces and sells leather products in South Korea. The company offers leather for handbags, footwear products, car seats, and baseball gloves; and leather for American footballs. It is also involved in real estate rental business. The company was formerly known as Samyang Tongsang Co., Ltd and change its name to SYTS Corp. in April 2026. The company was founded in 1957 and is headquar… Read more