Nexen Tire Prf 1 (002355) - Net Assets
Based on the latest financial reports, Nexen Tire Prf 1 (002355) has net assets worth ₩1.99 Trillion KRW (≈ $1.35 Billion USD) 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 ≈ $3.35 Billion USD) and total liabilities (₩2.95 Trillion ≈ $2.00 Billion 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 002355 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.99 Trillion |
| % of Total Assets | 40.34% |
| Annual Growth Rate | 8.07% |
| 5-Year Change | 20.99% |
| 10-Year Change | 81.0% |
| Growth Volatility | 5.58 |
Nexen Tire Prf 1 - Net Assets Trend (2013–2024)
This chart illustrates how Nexen Tire Prf 1's net assets have evolved over time, based on quarterly financial data. Also explore Nexen Tire Prf 1 (002355) total assets for the complete picture of this company's asset base.
Annual Net Assets for Nexen Tire Prf 1 (2013–2024)
The table below shows the annual net assets of Nexen Tire Prf 1 from 2013 to 2024. For live valuation and market cap data, see Nexen Tire Prf 1 (002355) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.87 Trillion ≈ $1.27 Billion |
+9.78% |
| 2023-12-31 | ₩1.70 Trillion ≈ $1.16 Billion |
+6.81% |
| 2022-12-31 | ₩1.60 Trillion ≈ $1.08 Billion |
-0.23% |
| 2021-12-31 | ₩1.60 Trillion ≈ $1.08 Billion |
+3.42% |
| 2020-12-31 | ₩1.55 Trillion ≈ $1.05 Billion |
-0.70% |
| 2019-12-31 | ₩1.56 Trillion ≈ $1.06 Billion |
+9.08% |
| 2018-12-31 | ₩1.43 Trillion ≈ $967.86 Million |
+6.67% |
| 2017-12-31 | ₩1.34 Trillion ≈ $907.38 Million |
+11.32% |
| 2016-12-31 | ₩1.20 Trillion ≈ $815.09 Million |
+16.32% |
| 2015-12-31 | ₩1.03 Trillion ≈ $700.76 Million |
+10.79% |
| 2014-12-31 | ₩933.36 Billion ≈ $632.53 Million |
+17.11% |
| 2013-12-31 | ₩797.00 Billion ≈ $540.12 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nexen Tire Prf 1'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 131.3% 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 Prf 1 Competitors by Market Cap
The table below lists competitors of Nexen Tire Prf 1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Pacific Mining Corp
F:1QC1
|
$19.08 Million |
|
Baid Finserv Limited
NSE:BAIDFIN
|
$19.08 Million |
|
Chinyang Poly
KO:010640
|
$19.08 Million |
|
Sun-Sea Construction
TWO:5516
|
$19.08 Million |
|
CNFinance Holdings Ltd
NYSE:CNF
|
$19.07 Million |
|
Epsium Enterprise Limited Ordinary Shares
NASDAQ:EPSM
|
$19.06 Million |
|
Genus PLC
LSE:GNS
|
$19.04 Million |
|
NexgenRX Inc.
V:NXG
|
$19.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nexen Tire Prf 1'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 Prf 1'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: 0.22x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩13887.80 | ₩4330.00 | x |
| 2018-12-31 | ₩14816.08 | ₩4330.00 | x |
| 2019-12-31 | ₩16162.73 | ₩4330.00 | x |
| 2020-12-31 | ₩16046.67 | ₩4330.00 | x |
| 2021-12-31 | ₩16593.38 | ₩4330.00 | x |
| 2022-12-31 | ₩16519.98 | ₩4330.00 | x |
| 2023-12-31 | ₩17641.10 | ₩4330.00 | x |
| 2024-12-31 | ₩19365.02 | ₩4330.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nexen Tire Prf 1 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 (7.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 15.53% | 7.10% | 0.75x | 2.91x | ₩43.66 Billion |
| 2014 | 13.90% | 7.31% | 0.70x | 2.73x | ₩36.02 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 Prf 1's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $454,678,039,942
- Average return on equity (ROE) among peers: 1.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nexen Tire Prf 1 (002355) | ₩1.99 Trillion | 15.53% | 1.48x | $19.07 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $1.60 Billion |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $183.40 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $33.46 Million |
| Tae Won Mulsan (001420) | $32.20 Billion | 1.67% | 0.19x | $15.16 Million |
| Dongkook Ind (001620) | $170.07 Billion | -12.97% | 2.34x | $48.42 Million |
| PS Tec. Co. Ltd (002230) | $42.65 Billion | 9.95% | 0.26x | $112.51 Million |
| Nexen Tire (002350) | $1.60 Trillion | 0.30% | 1.39x | $484.20 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $31.63 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $33.27 Million |
About Nexen Tire Prf 1
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.