Taeyang Metal
Taeyang Metal Industrial Co., Ltd. produces and sells cold forging and precision machining parts for automobiles in South Korea and internationally. The company offers cold forged parts for steering systems, including inner and outer ball joint assembly parts applied on the gear boxes, inter mediate shaft, and columns; brake systems, such as guide rods and tie bars; and eco-friendly systems compr… Read more
Taeyang Metal (004100) - Net Assets
Latest net assets as of September 2025: ₩105.32 Billion KRW
Based on the latest financial reports, Taeyang Metal (004100) has net assets worth ₩105.32 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 (₩538.31 Billion) and total liabilities (₩432.99 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 | ₩105.32 Billion |
| % of Total Assets | 19.57% |
| Annual Growth Rate | 1.02% |
| 5-Year Change | 10.95% |
| 10-Year Change | 9.59% |
| Growth Volatility | 13.39 |
Taeyang Metal - Net Assets Trend (2008–2024)
This chart illustrates how Taeyang Metal's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taeyang Metal (2008–2024)
The table below shows the annual net assets of Taeyang Metal from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩110.31 Billion | +1.55% |
| 2023-12-31 | ₩108.63 Billion | -3.06% |
| 2022-12-31 | ₩112.06 Billion | +21.31% |
| 2021-12-31 | ₩92.37 Billion | -7.09% |
| 2020-12-31 | ₩99.42 Billion | +38.80% |
| 2019-12-31 | ₩71.63 Billion | -26.77% |
| 2018-12-31 | ₩97.82 Billion | -5.79% |
| 2017-12-31 | ₩103.82 Billion | -3.73% |
| 2016-12-31 | ₩107.84 Billion | +7.14% |
| 2015-12-31 | ₩100.65 Billion | +1.34% |
| 2014-12-31 | ₩99.32 Billion | +7.52% |
| 2013-12-31 | ₩92.38 Billion | +1.77% |
| 2012-12-31 | ₩90.77 Billion | -1.11% |
| 2011-12-31 | ₩91.79 Billion | -4.60% |
| 2010-12-31 | ₩96.22 Billion | +1.38% |
| 2009-12-31 | ₩94.91 Billion | +1.29% |
| 2008-12-31 | ₩93.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taeyang Metal'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 33320.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩20.06 Billion | 18.31% |
| Other Components | ₩89.47 Billion | 81.69% |
| Total Equity | ₩109.52 Billion | 100.00% |
Taeyang Metal Competitors by Market Cap
The table below lists competitors of Taeyang Metal ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Triple i Logistics Public Company Limited
BK:III
|
$42.36 Million |
|
JW Shinyak Corporation
KQ:067290
|
$42.36 Million |
|
Conrad Industries Inc
PINK:CNRD
|
$42.36 Million |
|
HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND
BK:HPF
|
$42.36 Million |
|
BICO Group AB (publ)
PINK:BCCOY
|
$42.34 Million |
|
Cots Technology Co Ltd
KQ:448710
|
$42.32 Million |
|
MicroAlgo Inc.
NASDAQ:MLGO
|
$42.32 Million |
|
Firefly AB (publ)
ST:FIRE
|
$42.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taeyang Metal's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 107,795,059,060 to 109,523,565,210, a change of 1,728,506,150 (1.6%).
- Net income of 2,452,393,390 contributed positively to equity growth.
- Dividend payments of 413,738,600 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.45 Billion | +2.24% |
| Dividends Paid | ₩413.74 Million | -0.38% |
| Other Changes | ₩-310.15 Million | -0.28% |
| Total Change | ₩- | 1.60% |
Book Value vs Market Value Analysis
This analysis compares Taeyang Metal'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: 1.00x
- 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 | ₩2833.59 | ₩2995.00 | x |
| 2018-12-31 | ₩2667.11 | ₩2995.00 | x |
| 2019-12-31 | ₩1946.67 | ₩2995.00 | x |
| 2020-12-31 | ₩2709.54 | ₩2995.00 | x |
| 2021-12-31 | ₩2521.50 | ₩2995.00 | x |
| 2022-12-31 | ₩3058.12 | ₩2995.00 | x |
| 2023-12-31 | ₩2959.46 | ₩2995.00 | x |
| 2024-12-31 | ₩3006.92 | ₩2995.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taeyang Metal 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): 2.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.40%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 4.82x
- Recent ROE (2.24%) is above the historical average (-1.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 2.23% | 1.01% | 0.84x | 2.65x | ₩-7.28 Billion |
| 2009 | 2.55% | 1.20% | 0.79x | 2.68x | ₩-7.07 Billion |
| 2010 | 4.52% | 1.59% | 1.01x | 2.81x | ₩-5.27 Billion |
| 2011 | 0.82% | 0.22% | 1.02x | 3.71x | ₩-8.38 Billion |
| 2012 | 1.73% | 0.36% | 1.07x | 4.49x | ₩-7.46 Billion |
| 2013 | 1.55% | 0.31% | 1.26x | 3.97x | ₩-7.76 Billion |
| 2014 | 6.73% | 1.40% | 1.30x | 3.69x | ₩-3.23 Billion |
| 2015 | 3.97% | 0.81% | 1.30x | 3.76x | ₩-5.93 Billion |
| 2016 | 8.99% | 2.02% | 1.28x | 3.48x | ₩-1.09 Billion |
| 2017 | -3.96% | -0.87% | 1.24x | 3.65x | ₩-14.41 Billion |
| 2018 | -5.52% | -1.19% | 1.13x | 4.08x | ₩-15.08 Billion |
| 2019 | -31.17% | -4.69% | 1.20x | 5.55x | ₩-29.19 Billion |
| 2020 | -9.59% | -2.34% | 0.91x | 4.48x | ₩-19.34 Billion |
| 2021 | -13.09% | -2.60% | 1.03x | 4.87x | ₩-21.21 Billion |
| 2022 | -0.56% | -0.11% | 1.16x | 4.41x | ₩-11.77 Billion |
| 2023 | 0.06% | 0.01% | 1.24x | 4.63x | ₩-10.71 Billion |
| 2024 | 2.24% | 0.40% | 1.17x | 4.82x | ₩-8.50 Billion |
Industry Comparison
This section compares Taeyang Metal's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taeyang Metal (004100) | ₩105.32 Billion | 2.23% | 4.11x | $42.34 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 (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 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 |