Asia Paper (002310) - Net Assets
Based on the latest financial reports, Asia Paper (002310) has net assets worth ₩845.33 Billion KRW (≈ $572.87 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 (₩1.03 Trillion ≈ $701.10 Million USD) and total liabilities (₩189.23 Billion ≈ $128.24 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 002310 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩845.33 Billion |
| % of Total Assets | 81.71% |
| Annual Growth Rate | 7.94% |
| 5-Year Change | 18.32% |
| 10-Year Change | 83.31% |
| Growth Volatility | 19.85 |
Asia Paper - Net Assets Trend (2001–2025)
This chart illustrates how Asia Paper's net assets have evolved over time, based on quarterly financial data. See 002310 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Asia Paper (2001–2025)
The table below shows the annual net assets of Asia Paper from 2001 to 2025. For live valuation and market cap data, see Asia Paper (002310) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩845.33 Billion ≈ $572.87 Million |
+1.12% |
| 2024-12-31 | ₩835.94 Billion ≈ $566.50 Million |
-1.63% |
| 2023-12-31 | ₩849.76 Billion ≈ $575.87 Million |
+5.65% |
| 2022-12-31 | ₩804.29 Billion ≈ $545.05 Million |
+12.58% |
| 2021-12-31 | ₩714.42 Billion ≈ $484.15 Million |
+12.77% |
| 2020-12-31 | ₩633.50 Billion ≈ $429.31 Million |
+8.31% |
| 2019-12-31 | ₩584.88 Billion ≈ $396.36 Million |
+9.62% |
| 2018-12-31 | ₩533.53 Billion ≈ $361.56 Million |
+15.79% |
| 2017-12-31 | ₩460.77 Billion ≈ $312.26 Million |
-0.08% |
| 2016-12-31 | ₩461.14 Billion ≈ $312.51 Million |
+4.70% |
| 2015-12-31 | ₩440.43 Billion ≈ $298.47 Million |
-8.70% |
| 2014-12-31 | ₩482.42 Billion ≈ $326.93 Million |
+2.84% |
| 2013-12-31 | ₩469.11 Billion ≈ $317.91 Million |
+86.72% |
| 2012-12-31 | ₩251.24 Billion ≈ $170.26 Million |
+13.89% |
| 2011-12-31 | ₩220.60 Billion ≈ $149.50 Million |
-0.43% |
| 2010-12-31 | ₩221.54 Billion ≈ $150.14 Million |
-1.59% |
| 2009-12-31 | ₩225.12 Billion ≈ $152.56 Million |
+53.64% |
| 2008-12-31 | ₩146.53 Billion ≈ $99.30 Million |
+0.15% |
| 2007-12-31 | ₩146.31 Billion ≈ $99.15 Million |
+0.43% |
| 2006-12-31 | ₩145.69 Billion ≈ $98.73 Million |
+4.47% |
| 2005-12-31 | ₩139.45 Billion ≈ $94.51 Million |
-0.96% |
| 2004-12-31 | ₩140.81 Billion ≈ $95.43 Million |
-3.33% |
| 2003-12-31 | ₩145.67 Billion ≈ $98.72 Million |
+1.87% |
| 2002-12-31 | ₩143.00 Billion ≈ $96.91 Million |
+5.88% |
| 2001-12-31 | ₩135.05 Billion ≈ $91.52 Million |
-- |
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 63168881967000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩631.69 Billion | 74.73% |
| Other Components | ₩213.64 Billion | 25.27% |
| Total Equity | ₩845.33 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 |
|---|---|
|
AB AMBER GRID EO 029
F:AMH
|
$210.36 Million |
|
Kaltura Inc
NASDAQ:KLTR
|
$210.52 Million |
|
Angel Oak Mortgage Inc
NYSE:AOMR
|
$210.53 Million |
|
San Far Property Ltd
TW:9946
|
$210.56 Million |
|
Solar A/S
CO:SOLAR-B
|
$210.21 Million |
|
Odfjell B
OL:ODFB
|
$210.09 Million |
|
Exco Technologies Limited
TO:XTC
|
$210.09 Million |
|
Central Omega Resources Tbk PT
JK:DKFT
|
$209.99 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 2024 to 2025, total equity changed from 835,936,616,430 to 845,325,745,290, a change of 9,389,128,860 (1.1%).
- Net income of 29,610,213,130 contributed positively to equity growth.
- Dividend payments of 10,685,473,600 reduced retained earnings.
- Share repurchases of 9,999,996,880 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩29.61 Billion | +3.5% |
| Dividends Paid | ₩10.69 Billion | -1.26% |
| Share Repurchases | ₩10.00 Billion | -1.18% |
| Other Changes | ₩464.39 Million | +0.05% |
| Total Change | ₩- | 1.12% |
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: 0.38x
- 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 0.16x to 0.38x 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 | ₩8200.00 | x |
| 2018-12-31 | ₩59568.90 | ₩8200.00 | x |
| 2019-12-31 | ₩65301.77 | ₩8200.00 | x |
| 2020-12-31 | ₩70730.76 | ₩8200.00 | x |
| 2021-12-31 | ₩79765.61 | ₩8200.00 | x |
| 2022-12-31 | ₩89799.12 | ₩8200.00 | x |
| 2023-12-31 | ₩96414.07 | ₩8200.00 | x |
| 2024-12-31 | ₩21026.92 | ₩8200.00 | x |
| 2025-12-31 | ₩21795.01 | ₩8200.00 | 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): 3.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.46%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.22x
- Recent ROE (3.50%) is below the historical average (5.45%), 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 |
| 2025 | 3.50% | 3.46% | 0.83x | 1.22x | ₩-54.92 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: $290,054,875,718
- Average return on equity (ROE) among peers: -2.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Paper (002310) | ₩845.33 Billion | 5.15% | 0.22x | $210.34 Million |
| Papercorea (001020) | $112.85 Billion | -9.34% | 3.02x | $273.70 Million |
| Moorim SP Co. Ltd (001810) | $204.72 Billion | 0.86% | 0.45x | $17.70 Million |
| Hansol Holdings Co Ltd (004150) | $673.36 Billion | 0.30% | 0.39x | $99.26 Million |
| Kleannara (004540) | $61.97 Billion | 0.00% | 6.54x | $39.65 Million |
| Kleannara Co Ltd (004545) | $180.54 Billion | 1.46% | 1.60x | $217.29 Million |
| Young Poong Pa (006740) | $97.68 Billion | 3.97% | 0.31x | $205.59 Million |
| Moorim Paper (009200) | $667.55 Billion | 5.19% | 2.02x | $42.35 Million |
| Han Chang Pape (009460) | $37.12 Billion | -31.18% | 3.27x | $100.28 Million |
| Moorim P&P Co Ltd (009580) | $574.71 Billion | 5.25% | 1.14x | $73.54 Million |
About 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.