Nexen Tire
Nexen Tire Corporation manufactures and sells tires in South Korea and internationally. The company offers passenger car, SUV, electric vehicle, van and light truck, winter, racing, global OE, and solid tires, as well as tubes and flaps. It also provides tire finder and warranty services. Nexen Tire Corporation was founded in 1942 and is headquartered in Yangsan-si, South Korea.
Nexen Tire (002350) - Net Assets
Latest net assets as of September 2025: ₩1.99 Trillion KRW
Based on the latest financial reports, Nexen Tire (002350) has net assets worth ₩1.99 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩4.94 Trillion) and total liabilities (₩2.95 Trillion). 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 | ₩1.99 Trillion |
| % of Total Assets | 40.34% |
| Annual Growth Rate | 11.7% |
| 5-Year Change | 20.99% |
| 10-Year Change | 81.0% |
| Growth Volatility | 9.58 |
Nexen Tire - Net Assets Trend (2006–2024)
This chart illustrates how Nexen Tire's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nexen Tire (2006–2024)
The table below shows the annual net assets of Nexen Tire from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.87 Trillion | +9.78% |
| 2023-12-31 | ₩1.70 Trillion | +6.81% |
| 2022-12-31 | ₩1.60 Trillion | -0.23% |
| 2021-12-31 | ₩1.60 Trillion | +3.42% |
| 2020-12-31 | ₩1.55 Trillion | -0.70% |
| 2019-12-31 | ₩1.56 Trillion | +9.08% |
| 2018-12-31 | ₩1.43 Trillion | +6.67% |
| 2017-12-31 | ₩1.34 Trillion | +11.32% |
| 2016-12-31 | ₩1.20 Trillion | +16.32% |
| 2015-12-31 | ₩1.03 Trillion | +10.79% |
| 2014-12-31 | ₩933.36 Billion | +17.11% |
| 2013-12-31 | ₩797.00 Billion | +17.59% |
| 2012-12-31 | ₩677.79 Billion | +19.95% |
| 2011-12-31 | ₩565.04 Billion | +22.24% |
| 2010-12-31 | ₩462.24 Billion | +19.46% |
| 2009-12-31 | ₩386.93 Billion | +39.17% |
| 2008-12-31 | ₩278.04 Billion | -0.24% |
| 2007-12-31 | ₩278.71 Billion | +9.09% |
| 2006-12-31 | ₩255.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nexen Tire'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 834.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.61 Trillion | 86.23% |
| Other Components | ₩256.35 Billion | 13.77% |
| Total Equity | ₩1.86 Trillion | 100.00% |
Nexen Tire Competitors by Market Cap
The table below lists competitors of Nexen Tire ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HannsTouch Solution Inc
TW:3049
|
$173.80 Million |
|
Bajaj Electricals Limited
NSE:BAJAJELEC
|
$173.81 Million |
|
NIBEC Co. Ltd
KQ:138610
|
$173.90 Million |
|
Escalade Incorporated
NASDAQ:ESCA
|
$174.07 Million |
|
ELIXIRR INTL LS -00005
F:54K
|
$173.72 Million |
|
Gus Technology Co. Ltd.
TWO:6940
|
$173.68 Million |
|
Gulf Island Fabrication Inc
NASDAQ:GIFI
|
$173.64 Million |
|
Gospell Digital Technology Co Ltd
SHE:002848
|
$173.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nexen Tire's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,696,428,201,760 to 1,862,206,390,170, a change of 165,778,188,410 (9.8%).
- Net income of 126,365,075,530 contributed positively to equity growth.
- Dividend payments of 11,838,793,990 reduced retained earnings.
- Other factors increased equity by 51,251,906,870.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩126.37 Billion | +6.79% |
| Dividends Paid | ₩11.84 Billion | -0.64% |
| Other Changes | ₩51.25 Billion | +2.75% |
| Total Change | ₩- | 9.77% |
Book Value vs Market Value Analysis
This analysis compares Nexen Tire'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: 0.37x
- 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 0.52x to 0.37x 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 | ₩13887.80 | ₩7250.00 | x |
| 2018-12-31 | ₩14816.08 | ₩7250.00 | x |
| 2019-12-31 | ₩16162.73 | ₩7250.00 | x |
| 2020-12-31 | ₩16046.67 | ₩7250.00 | x |
| 2021-12-31 | ₩16593.38 | ₩7250.00 | x |
| 2022-12-31 | ₩16519.98 | ₩7250.00 | x |
| 2023-12-31 | ₩17641.10 | ₩7250.00 | x |
| 2024-12-31 | ₩19365.02 | ₩7250.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nexen Tire 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): 6.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.44%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.46x
- Recent ROE (6.79%) is below the historical average (10.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 3.41% | 1.85% | 0.84x | 2.20x | ₩-16.83 Billion |
| 2007 | 10.01% | 4.93% | 0.79x | 2.56x | ₩31.10 Million |
| 2009 | 29.18% | 11.18% | 0.99x | 2.64x | ₩74.23 Billion |
| 2010 | 17.49% | 7.05% | 0.95x | 2.60x | ₩34.62 Billion |
| 2011 | 14.52% | 5.74% | 0.75x | 3.37x | ₩25.52 Billion |
| 2012 | 18.40% | 7.33% | 0.84x | 3.00x | ₩56.91 Billion |
| 2013 | 14.46% | 6.63% | 0.75x | 2.90x | ₩35.33 Billion |
| 2014 | 12.95% | 6.83% | 0.70x | 2.72x | ₩27.39 Billion |
| 2015 | 12.24% | 6.81% | 0.71x | 2.52x | ₩22.88 Billion |
| 2016 | 14.56% | 9.17% | 0.72x | 2.19x | ₩54.46 Billion |
| 2017 | 9.36% | 6.36% | 0.70x | 2.09x | ₩-8.59 Billion |
| 2018 | 7.27% | 5.22% | 0.61x | 2.28x | ₩-38.92 Billion |
| 2019 | 7.61% | 5.85% | 0.59x | 2.21x | ₩-37.20 Billion |
| 2020 | -1.09% | -0.99% | 0.48x | 2.29x | ₩-171.11 Billion |
| 2021 | 0.30% | 0.23% | 0.54x | 2.40x | ₩-154.75 Billion |
| 2022 | -1.75% | -1.07% | 0.66x | 2.48x | ₩-186.63 Billion |
| 2023 | 6.06% | 3.80% | 0.64x | 2.50x | ₩-66.85 Billion |
| 2024 | 6.79% | 4.44% | 0.62x | 2.46x | ₩-59.86 Billion |
Industry Comparison
This section compares Nexen Tire's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $258,187,923,310
- Average return on equity (ROE) among peers: 5.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nexen Tire (002350) | ₩1.99 Trillion | 3.41% | 1.48x | $173.78 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |