Asia Paper
Asia Paper Manufacturing. Co., Ltd engages in the production and sale of specialized industrial paper in South Korea. It offers corrugated materials and boxes, gypsum linerboards, and kraft papers. The company was founded in 1958 and is based in Seoul, South Korea.
Asia Paper (002310) - Net Assets
Latest net assets as of September 2025: ₩846.25 Billion KRW
Based on the latest financial reports, Asia Paper (002310) has net assets worth ₩846.25 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 (₩1.05 Trillion) and total liabilities (₩201.31 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 | ₩846.25 Billion |
| % of Total Assets | 80.78% |
| Annual Growth Rate | 8.25% |
| 5-Year Change | 31.96% |
| 10-Year Change | 89.8% |
| Growth Volatility | 20.2 |
Asia Paper - Net Assets Trend (2001–2024)
This chart illustrates how Asia Paper's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asia Paper (2001–2024)
The table below shows the annual net assets of Asia Paper from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩835.94 Billion | -1.63% |
| 2023-12-31 | ₩849.76 Billion | +5.65% |
| 2022-12-31 | ₩804.29 Billion | +12.58% |
| 2021-12-31 | ₩714.42 Billion | +12.77% |
| 2020-12-31 | ₩633.50 Billion | +8.31% |
| 2019-12-31 | ₩584.88 Billion | +9.62% |
| 2018-12-31 | ₩533.53 Billion | +15.79% |
| 2017-12-31 | ₩460.77 Billion | -0.08% |
| 2016-12-31 | ₩461.14 Billion | +4.70% |
| 2015-12-31 | ₩440.43 Billion | -8.70% |
| 2014-12-31 | ₩482.42 Billion | +2.84% |
| 2013-12-31 | ₩469.11 Billion | +86.72% |
| 2012-12-31 | ₩251.24 Billion | +13.89% |
| 2011-12-31 | ₩220.60 Billion | -0.43% |
| 2010-12-31 | ₩221.54 Billion | -1.59% |
| 2009-12-31 | ₩225.12 Billion | +53.64% |
| 2008-12-31 | ₩146.53 Billion | +0.15% |
| 2007-12-31 | ₩146.31 Billion | +0.43% |
| 2006-12-31 | ₩145.69 Billion | +4.47% |
| 2005-12-31 | ₩139.45 Billion | -0.96% |
| 2004-12-31 | ₩140.81 Billion | -3.33% |
| 2003-12-31 | ₩145.67 Billion | +1.87% |
| 2002-12-31 | ₩143.00 Billion | +5.88% |
| 2001-12-31 | ₩135.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Paper'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 57985646886000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩579.86 Billion | 69.37% |
| Other Components | ₩256.08 Billion | 30.63% |
| Total Equity | ₩835.94 Billion | 100.00% |
Asia Paper Competitors by Market Cap
The table below lists competitors of Asia Paper ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
icad inc
NASDAQ:ICAD
|
$99.64 Million |
|
X-Legend Entertainment Co Ltd
TW:4994
|
$99.66 Million |
|
MicroPort CardioFlow Medtech Corporation
PINK:MROPF
|
$99.66 Million |
|
Syscom Computer Engineering Co
TW:2453
|
$99.66 Million |
|
ASolid Technology Co Ltd
TWO:6485
|
$99.59 Million |
|
Shenzhen Intelligent Precision Instrument Co Ltd
SHE:301512
|
$99.59 Million |
|
Shenzhen Mingdiao Decoration Co Ltd
SHE:002830
|
$99.57 Million |
|
Emeren Group Ltd
NYSE:SOL
|
$99.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Paper's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 849,757,319,330 to 835,936,616,430, a change of -13,820,702,900 (-1.6%).
- Net income of 23,941,616,010 contributed positively to equity growth.
- Dividend payments of 16,178,555,520 reduced retained earnings.
- Share repurchases of 20,012,348,570 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩23.94 Billion | +2.86% |
| Dividends Paid | ₩16.18 Billion | -1.94% |
| Share Repurchases | ₩20.01 Billion | -2.39% |
| Other Changes | ₩-1.57 Billion | -0.19% |
| Total Change | ₩- | -1.63% |
Book Value vs Market Value Analysis
This analysis compares Asia Paper'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: 0.44x
- 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 increased from 0.18x to 0.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩51432.97 | ₩9220.00 | x |
| 2018-12-31 | ₩59568.90 | ₩9220.00 | x |
| 2019-12-31 | ₩65301.77 | ₩9220.00 | x |
| 2020-12-31 | ₩70730.76 | ₩9220.00 | x |
| 2021-12-31 | ₩79765.61 | ₩9220.00 | x |
| 2022-12-31 | ₩89799.12 | ₩9220.00 | x |
| 2023-12-31 | ₩96414.07 | ₩9220.00 | x |
| 2024-12-31 | ₩21026.92 | ₩9220.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Paper 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): 2.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.69%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.23x
- Recent ROE (2.86%) is below the historical average (5.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 5.15% | 4.21% | 0.53x | 2.31x | ₩-6.54 Billion |
| 2002 | 8.53% | 5.09% | 0.75x | 2.22x | ₩-2.10 Billion |
| 2003 | 1.89% | 1.13% | 0.78x | 2.15x | ₩-11.81 Billion |
| 2006 | 4.58% | 2.40% | 0.91x | 2.10x | ₩-7.89 Billion |
| 2007 | 1.85% | 0.87% | 0.97x | 2.18x | ₩-11.92 Billion |
| 2008 | 1.51% | 0.62% | 1.03x | 2.38x | ₩-12.43 Billion |
| 2009 | 6.44% | 4.15% | 0.82x | 1.89x | ₩-8.01 Billion |
| 2010 | 2.30% | 1.14% | 1.00x | 2.01x | ₩-17.05 Billion |
| 2011 | 1.66% | 0.71% | 1.13x | 2.08x | ₩-18.38 Billion |
| 2012 | 12.48% | 6.34% | 1.04x | 1.88x | ₩6.22 Billion |
| 2013 | 4.10% | 2.98% | 0.90x | 1.53x | ₩-27.66 Billion |
| 2014 | 3.85% | 3.02% | 0.86x | 1.48x | ₩-29.64 Billion |
| 2015 | -8.78% | -6.47% | 0.91x | 1.49x | ₩-82.68 Billion |
| 2016 | 4.50% | 3.28% | 0.88x | 1.56x | ₩-25.37 Billion |
| 2017 | 1.09% | 0.69% | 0.95x | 1.66x | ₩-41.04 Billion |
| 2018 | 14.75% | 10.14% | 0.96x | 1.52x | ₩25.33 Billion |
| 2019 | 10.50% | 8.81% | 0.82x | 1.45x | ₩2.95 Billion |
| 2020 | 8.56% | 7.41% | 0.83x | 1.39x | ₩-9.10 Billion |
| 2021 | 12.74% | 9.62% | 0.98x | 1.36x | ₩19.55 Billion |
| 2022 | 11.74% | 9.22% | 0.99x | 1.29x | ₩13.97 Billion |
| 2023 | 9.54% | 8.92% | 0.87x | 1.23x | ₩-3.92 Billion |
| 2024 | 2.86% | 2.69% | 0.87x | 1.23x | ₩-59.65 Billion |
Industry Comparison
This section compares Asia Paper's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $293,606,320,241
- Average return on equity (ROE) among peers: -1.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Paper (002310) | ₩846.25 Billion | 5.15% | 0.24x | $99.62 Million |
| Papercorea (001020) | $161.95 Billion | -15.04% | 2.12x | $10.80 Million |
| Hansol Holdings Co Ltd (004150) | $597.33 Billion | 8.04% | 0.21x | $67.38 Million |
| Kleannara (004540) | $63.58 Billion | 2.20% | 6.33x | $19.40 Million |
| Kleannara Co Ltd (004545) | $204.10 Billion | -0.74% | 1.54x | $41.23 Million |
| Young Poong Pa (006740) | $94.39 Billion | 5.82% | 0.29x | $14.07 Million |
| Moorim Paper (009200) | $724.75 Billion | 5.61% | 2.43x | $26.73 Million |
| Han Chang Pape (009460) | $37.12 Billion | -31.18% | 3.27x | $12.03 Million |
| Moorim P&P Co Ltd (009580) | $548.26 Billion | 2.42% | 1.22x | $33.76 Million |
| Sam Jung Pulp (009770) | $210.97 Billion | 12.73% | 0.10x | $14.29 Million |