Miwon Commerci

KO:002840 Korea Chemicals
Market Cap
$433.31 Million
₩634.45 Billion KRW
Market Cap Rank
#18234 Global
#659 in Korea
Share Price
₩137700.00
Change (1 day)
-0.22%
52-Week Range
₩130000.00 - ₩200000.00
All Time High
₩216677.34
Categories
Companies in Korea Chemicals
About

Miwon Commercial Co., Ltd. manufactures and markets various chemical products in South Korea and internationally. The company offers personal care ingredients, including anionic, cationic, nonionic, and amphoteric surfactants; hair and conditioning fixative; styling resins; household surfactants, plasticizers, and UV stabilizers; and cosmeceutical active ingredients. It also provides electronic c… Read more

Miwon Commerci (002840) - Net Assets

Latest net assets as of September 2025: ₩410.14 Billion KRW

Based on the latest financial reports, Miwon Commerci (002840) has net assets worth ₩410.14 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 (₩481.19 Billion) and total liabilities (₩71.06 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 ₩410.14 Billion
% of Total Assets 85.23%
Annual Growth Rate 9.42%
5-Year Change 49.66%
10-Year Change 144.82%
Growth Volatility 16.28

Miwon Commerci - Net Assets Trend (2003–2024)

This chart illustrates how Miwon Commerci's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Miwon Commerci (2003–2024)

The table below shows the annual net assets of Miwon Commerci from 2003 to 2024.

Year Net Assets Change
2024-12-31 ₩400.46 Billion +5.95%
2023-12-31 ₩377.97 Billion +10.57%
2022-12-31 ₩341.85 Billion +15.49%
2021-12-31 ₩295.99 Billion +10.62%
2020-12-31 ₩267.57 Billion +19.16%
2019-12-31 ₩224.56 Billion +13.59%
2018-12-31 ₩197.69 Billion -4.58%
2017-12-31 ₩207.18 Billion -13.39%
2016-12-31 ₩239.21 Billion +46.24%
2015-12-31 ₩163.57 Billion +12.59%
2014-12-31 ₩145.28 Billion +6.78%
2013-12-31 ₩136.06 Billion +30.19%
2012-12-31 ₩104.51 Billion +24.97%
2011-12-31 ₩83.63 Billion -23.00%
2010-12-31 ₩108.61 Billion +22.53%
2009-12-31 ₩88.64 Billion -21.22%
2008-12-31 ₩112.52 Billion +29.43%
2007-12-31 ₩86.93 Billion +11.96%
2006-12-31 ₩77.64 Billion +0.96%
2005-12-31 ₩76.90 Billion +10.26%
2004-12-31 ₩69.74 Billion +15.29%
2003-12-31 ₩60.49 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Miwon Commerci'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 40249906661000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩402.50 Billion 100.51%
Total Equity ₩400.46 Billion 100.00%

Miwon Commerci Competitors by Market Cap

The table below lists competitors of Miwon Commerci ranked by their market capitalization.

Company Market Cap
CSI Properties Limited
F:OIH
 		$100.21 Million
Intevac Inc
NASDAQ:IVAC
 		$100.22 Million
Range Capital Acquisition Corp. Units
NASDAQ:RANGU
 		$100.25 Million
VICTORIAN P.G. LS -001
F:637
 		$100.26 Million
GOLDEN MATRIX GRP DL-001
F:SE0C
 		$100.15 Million
ARC DOCUMENT SOL. DL-001
F:BK1
 		$100.14 Million
Compagnie Immobiliere de Belgique S.A.
LSE:0NC0
 		$100.13 Million
BRAEMAR HOTELS + RES
F:42V
 		$100.11 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Miwon Commerci's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 377,967,231,770 to 400,463,662,790, a change of 22,496,431,020 (6.0%).
  • Net income of 50,549,440,010 contributed positively to equity growth.
  • Dividend payments of 9,407,714,500 reduced retained earnings.
  • Share repurchases of 18,773,652,160 reduced equity.
  • New share issuances of 798,592,020 increased equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩50.55 Billion +12.62%
Dividends Paid ₩9.41 Billion -2.35%
Share Repurchases ₩18.77 Billion -4.69%
Share Issuances ₩798.59 Million +0.2%
Other Changes ₩-670.23 Million -0.17%
Total Change ₩- 5.95%

Book Value vs Market Value Analysis

This analysis compares Miwon Commerci'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: 1.60x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 3.82x to 1.60x 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 ₩36011.21 ₩137700.00 x
2018-12-31 ₩39264.52 ₩137700.00 x
2019-12-31 ₩44134.30 ₩137700.00 x
2020-12-31 ₩53837.85 ₩137700.00 x
2021-12-31 ₩59795.37 ₩137700.00 x
2022-12-31 ₩70659.07 ₩137700.00 x
2023-12-31 ₩79669.41 ₩137700.00 x
2024-12-31 ₩86039.05 ₩137700.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Miwon Commerci 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): 12.62%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 11.60%
  • • Asset Turnover: 0.91x
  • • Equity Multiplier: 1.20x
  • Recent ROE (12.62%) is below the historical average (14.36%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 13.27% 6.42% 1.35x 1.53x ₩1.98 Billion
2004 15.17% 6.36% 1.68x 1.42x ₩3.60 Billion
2005 13.31% 5.60% 1.49x 1.59x ₩2.55 Billion
2006 11.18% 4.76% 1.45x 1.63x ₩915.77 Million
2007 15.80% 7.11% 1.45x 1.53x ₩5.04 Billion
2008 5.93% 9.59% 0.35x 1.79x ₩-4.39 Billion
2009 20.76% 9.07% 1.35x 1.70x ₩8.97 Billion
2010 18.59% 12.52% 0.90x 1.64x ₩8.74 Billion
2011 16.13% 9.66% 0.94x 1.77x ₩5.13 Billion
2012 16.81% 9.63% 1.01x 1.74x ₩7.12 Billion
2013 11.23% 5.83% 1.04x 1.85x ₩1.51 Billion
2014 7.58% 3.98% 1.08x 1.76x ₩-3.14 Billion
2015 9.78% 5.97% 1.04x 1.58x ₩-323.94 Million
2016 11.91% 7.24% 0.92x 1.80x ₩3.51 Billion
2017 15.03% 8.54% 1.10x 1.60x ₩9.11 Billion
2018 10.89% 6.55% 1.34x 1.24x ₩1.76 Billion
2019 13.86% 12.45% 0.89x 1.25x ₩8.67 Billion
2020 19.38% 17.58% 0.90x 1.23x ₩25.09 Billion
2021 19.51% 16.05% 0.97x 1.26x ₩28.14 Billion
2022 21.13% 16.48% 1.05x 1.22x ₩38.03 Billion
2023 16.14% 14.48% 0.94x 1.18x ₩23.22 Billion
2024 12.62% 11.60% 0.91x 1.20x ₩10.50 Billion

Industry Comparison

This section compares Miwon Commerci's net assets metrics with peer companies in the Chemicals industry.

Industry Context

  • Industry: Chemicals
  • Average net assets among peers: $1,365,640,611,254
  • Average return on equity (ROE) among peers: 7.92%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Miwon Commerci (002840) ₩410.14 Billion 13.27% 0.17x $100.20 Million
Rifa Ind (000760) $181.15 Billion -1.86% 0.48x $8.66 Million
Kumyang (001570) $57.95 Billion 24.95% 1.85x $316.82 Million
Sh E & Chemical Co. Ltd. (002360) $94.10 Billion 1.96% 0.32x $20.38 Million
KCC Corporation (002380) $5.09 Trillion 4.87% 0.38x $1.65 Billion
Taekwang Ind (003240) $3.48 Trillion 3.91% 0.25x $160.16 Million
Lotte Fine Chemical Co Ltd (004000) $2.20 Trillion 26.63% 0.24x $496.67 Million
Dongjin Semichem Co. Ltd (005290) $133.88 Billion 0.00% 3.14x $1.06 Billion
Isu Chemical Co Ltd (005950) $279.30 Billion 6.94% 0.54x $85.98 Million
Korea Petro Chemical Ind (006650) $768.68 Billion 3.91% 0.65x $316.72 Million