Taeyang Metal Industrial Co Ltd (004105) - Net Assets
Based on the latest financial reports, Taeyang Metal Industrial Co Ltd (004105) has net assets worth ₩105.32 Billion KRW (≈ $71.38 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 (₩538.31 Billion ≈ $364.81 Million USD) and total liabilities (₩432.99 Billion ≈ $293.43 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 Taeyang Metal Industrial Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩105.32 Billion |
| % of Total Assets | 19.57% |
| Annual Growth Rate | 1.05% |
| 5-Year Change | 10.95% |
| 10-Year Change | 9.59% |
| Growth Volatility | 16.68 |
Taeyang Metal Industrial Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Taeyang Metal Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 004105 asset base for the complete picture of this company's asset base.
Annual Net Assets for Taeyang Metal Industrial Co Ltd (2014–2024)
The table below shows the annual net assets of Taeyang Metal Industrial Co Ltd from 2014 to 2024. For live valuation and market cap data, see 004105 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩110.31 Billion ≈ $74.75 Million |
+1.55% |
| 2023-12-31 | ₩108.63 Billion ≈ $73.61 Million |
-3.06% |
| 2022-12-31 | ₩112.06 Billion ≈ $75.94 Million |
+21.31% |
| 2021-12-31 | ₩92.37 Billion ≈ $62.60 Million |
-7.09% |
| 2020-12-31 | ₩99.42 Billion ≈ $67.38 Million |
+38.80% |
| 2019-12-31 | ₩71.63 Billion ≈ $48.54 Million |
-26.77% |
| 2018-12-31 | ₩97.82 Billion ≈ $66.29 Million |
-5.79% |
| 2017-12-31 | ₩103.82 Billion ≈ $70.36 Million |
-3.73% |
| 2016-12-31 | ₩107.84 Billion ≈ $73.08 Million |
+7.14% |
| 2015-12-31 | ₩100.65 Billion ≈ $68.21 Million |
+1.34% |
| 2014-12-31 | ₩99.32 Billion ≈ $67.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taeyang Metal Industrial Co Ltd'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 decreased by 66.8% over the analyzed period, potentially due to dividend distributions or operating losses.
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 Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Taeyang Metal Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qualicorp Consultoria e Corretora de Seguros S.A
SA:QUAL3
|
$98.87 Million |
|
Ying Han Technology Co Ltd
TW:4562
|
$98.88 Million |
|
Daesung Hi-Tech Co. Ltd.
KQ:129920
|
$98.89 Million |
|
Kpx Green Chem
KO:083420
|
$98.96 Million |
|
CO2 Energy Transition Corp. Common Stock
NASDAQ:NOEM
|
$98.83 Million |
|
Kootenay Silver Inc
V:KTN
|
$98.80 Million |
|
Magnate Technology Co Ltd
TWO:4541
|
$98.78 Million |
|
Agabang&Company
KQ:013990
|
$98.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taeyang Metal Industrial Co Ltd'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 Industrial Co Ltd'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: 1.33x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩2833.59 | ₩4005.00 | x |
| 2018-12-31 | ₩2667.11 | ₩4005.00 | x |
| 2019-12-31 | ₩1946.67 | ₩4005.00 | x |
| 2020-12-31 | ₩2709.54 | ₩4005.00 | x |
| 2021-12-31 | ₩2521.50 | ₩4005.00 | x |
| 2022-12-31 | ₩3058.12 | ₩4005.00 | x |
| 2023-12-31 | ₩2959.46 | ₩4005.00 | x |
| 2024-12-31 | ₩3006.92 | ₩4005.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taeyang Metal Industrial Co Ltd 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 (-3.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 6.90% | 1.41% | 1.30x | 3.75x | ₩-3.01 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 Industrial Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $565,000,713,308
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taeyang Metal Industrial Co Ltd (004105) | ₩105.32 Billion | 6.90% | 4.11x | $98.86 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 |
| Nexen Tire Prf 1 (002355) | $1.56 Trillion | 7.59% | 1.21x | $19.07 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 Taeyang Metal Industrial Co Ltd
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