Miwon Commerci (002840) - Net Assets
Based on the latest financial reports, Miwon Commerci (002840) has net assets worth ₩410.14 Billion KRW (≈ $277.94 Million USD) 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 ≈ $326.10 Million USD) and total liabilities (₩71.06 Billion ≈ $48.15 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 Miwon Commerci liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Miwon Commerci asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Miwon Commerci (2003–2024)
The table below shows the annual net assets of Miwon Commerci from 2003 to 2024. For live valuation and market cap data, see Miwon Commerci market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩400.46 Billion ≈ $271.39 Million |
+5.95% |
| 2023-12-31 | ₩377.97 Billion ≈ $256.14 Million |
+10.57% |
| 2022-12-31 | ₩341.85 Billion ≈ $231.67 Million |
+15.49% |
| 2021-12-31 | ₩295.99 Billion ≈ $200.59 Million |
+10.62% |
| 2020-12-31 | ₩267.57 Billion ≈ $181.33 Million |
+19.16% |
| 2019-12-31 | ₩224.56 Billion ≈ $152.18 Million |
+13.59% |
| 2018-12-31 | ₩197.69 Billion ≈ $133.97 Million |
-4.58% |
| 2017-12-31 | ₩207.18 Billion ≈ $140.40 Million |
-13.39% |
| 2016-12-31 | ₩239.21 Billion ≈ $162.11 Million |
+46.24% |
| 2015-12-31 | ₩163.57 Billion ≈ $110.85 Million |
+12.59% |
| 2014-12-31 | ₩145.28 Billion ≈ $98.45 Million |
+6.78% |
| 2013-12-31 | ₩136.06 Billion ≈ $92.20 Million |
+30.19% |
| 2012-12-31 | ₩104.51 Billion ≈ $70.82 Million |
+24.97% |
| 2011-12-31 | ₩83.63 Billion ≈ $56.67 Million |
-23.00% |
| 2010-12-31 | ₩108.61 Billion ≈ $73.60 Million |
+22.53% |
| 2009-12-31 | ₩88.64 Billion ≈ $60.07 Million |
-21.22% |
| 2008-12-31 | ₩112.52 Billion ≈ $76.25 Million |
+29.43% |
| 2007-12-31 | ₩86.93 Billion ≈ $58.91 Million |
+11.96% |
| 2006-12-31 | ₩77.64 Billion ≈ $52.62 Million |
+0.96% |
| 2005-12-31 | ₩76.90 Billion ≈ $52.11 Million |
+10.26% |
| 2004-12-31 | ₩69.74 Billion ≈ $47.26 Million |
+15.29% |
| 2003-12-31 | ₩60.49 Billion ≈ $40.99 Million |
-- |
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 |
|---|---|
|
Teladan Prima Agro PT Tbk
JK:TLDN
|
$474.13 Million |
|
Wilson Bayly Holmes Ovcon Ltd
JSE:WBO
|
$474.21 Million |
|
Xinjiang Baihuacun Co Ltd
SHG:600721
|
$474.37 Million |
|
Spin Master Corp
TO:TOY
|
$474.38 Million |
|
Tat Techno
NASDAQ:TATT
|
$473.86 Million |
|
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)
NEO:VRNO
|
$473.74 Million |
|
VST Industries Limited
NSE:VSTIND
|
$473.73 Million |
|
Zhongxing Shenyang Commercial Building Group Co Ltd
SHE:000715
|
$473.70 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: 1.76x
- 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 4.22x to 1.76x 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 | ₩151800.00 | x |
| 2018-12-31 | ₩39264.52 | ₩151800.00 | x |
| 2019-12-31 | ₩44134.30 | ₩151800.00 | x |
| 2020-12-31 | ₩53837.85 | ₩151800.00 | x |
| 2021-12-31 | ₩59795.37 | ₩151800.00 | x |
| 2022-12-31 | ₩70659.07 | ₩151800.00 | x |
| 2023-12-31 | ₩79669.41 | ₩151800.00 | x |
| 2024-12-31 | ₩86039.05 | ₩151800.00 | 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: $1,612,063,734,646
- Average return on equity (ROE) among peers: 8.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Miwon Commerci (002840) | ₩410.14 Billion | 13.27% | 0.17x | $473.99 Million |
| Rifa Ind (000760) | $188.26 Billion | 0.14% | 0.48x | $29.96 Million |
| Kumyang (001570) | $117.41 Billion | 11.36% | 1.68x | $428.33 Million |
| Sh E & Chemical Co. Ltd. (002360) | $104.09 Billion | 17.21% | 0.20x | $26.35 Million |
| KCC Corporation (002380) | $7.82 Trillion | 19.66% | 1.15x | $2.77 Billion |
| Taekwang Ind (003240) | $2.95 Trillion | 2.54% | 0.30x | $570.36 Million |
| Lotte Fine Chemical Co Ltd (004000) | $1.49 Trillion | 11.28% | 0.20x | $1.20 Billion |
| Dongjin Semichem Co. Ltd (005290) | $164.28 Billion | 12.04% | 2.99x | $1.97 Billion |
| Isu Chemical Co Ltd (005950) | $373.77 Billion | -15.59% | 1.93x | $193.47 Million |
| Korea Petro Chemical Ind (006650) | $1.29 Trillion | 21.05% | 0.36x | $757.99 Million |
About Miwon Commerci
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