Songwon Industrial (004430) - Net Assets

Latest as of September 2025: ₩755.73 Billion KRW ≈ $512.15 Million USD

Based on the latest financial reports, Songwon Industrial (004430) has net assets worth ₩755.73 Billion KRW (≈ $512.15 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 (₩1.17 Trillion ≈ $791.55 Million USD) and total liabilities (₩412.28 Billion ≈ $279.40 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 Songwon Industrial liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩755.73 Billion
% of Total Assets	64.7%
Annual Growth Rate	7.66%
5-Year Change	63.13%
10-Year Change	138.96%
Growth Volatility	33.81

Songwon Industrial - Net Assets Trend (2000–2024)

This chart illustrates how Songwon Industrial's net assets have evolved over time, based on quarterly financial data. Also explore 004430 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Songwon Industrial (2000–2024)

The table below shows the annual net assets of Songwon Industrial from 2000 to 2024. For live valuation and market cap data, see Songwon Industrial stock valuation.

Year	Net Assets	Change
2024-12-31	₩756.11 Billion ≈ $512.40 Million	+7.16%
2023-12-31	₩705.59 Billion ≈ $478.17 Million	+3.36%
2022-12-31	₩682.62 Billion ≈ $462.60 Million	+25.65%
2021-12-31	₩543.25 Billion ≈ $368.16 Million	+17.21%
2020-12-31	₩463.50 Billion ≈ $314.11 Million	+6.41%
2019-12-31	₩435.58 Billion ≈ $295.19 Million	+5.93%
2018-12-31	₩411.20 Billion ≈ $278.66 Million	+8.75%
2017-12-31	₩378.13 Billion ≈ $256.25 Million	+6.76%
2016-12-31	₩354.19 Billion ≈ $240.03 Million	+11.94%
2015-12-31	₩316.41 Billion ≈ $214.43 Million	+9.63%
2014-12-31	₩288.63 Billion ≈ $195.60 Million	-5.81%
2013-12-31	₩306.42 Billion ≈ $207.66 Million	+6.87%
2012-12-31	₩286.72 Billion ≈ $194.30 Million	+4.25%
2011-12-31	₩275.02 Billion ≈ $186.38 Million	+35.91%
2010-12-31	₩202.35 Billion ≈ $137.13 Million	+14.03%
2009-12-31	₩177.46 Billion ≈ $120.26 Million	+27.34%
2008-12-31	₩139.36 Billion ≈ $94.44 Million	+133.55%
2007-12-31	₩59.67 Billion ≈ $40.44 Million	-53.56%
2000-12-31	₩128.48 Billion ≈ $87.07 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Songwon Industrial'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 70022500000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩700.23 Billion	92.61%
Other Components	₩55.88 Billion	7.39%
Total Equity	₩756.11 Billion	100.00%

Songwon Industrial Competitors by Market Cap

The table below lists competitors of Songwon Industrial ranked by their market capitalization.

Company	Market Cap
Pioneer Acquisition I Corp Class A Ordinary Shares NASDAQ:PACH	$257.81 Million
VIB Vermögen AG XETRA:VIH1	$257.83 Million
Villeroy & Boch AG XETRA:VIB3	$257.92 Million
Forafric Global PLC Ordinary Shares NASDAQ:AFRI	$257.99 Million
Mountain Lake Acquisition Corp. II Class A Ordinary Shares NASDAQ:MLAA	$257.74 Million
Econocom Group SA/NV BR:ECONB	$257.59 Million
CyberTAN Technology Inc TW:3062	$257.39 Million
Pt Pakuan Tbk JK:UANG	$257.37 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 705,592,000,000 to 756,110,000,000, a change of 50,518,000,000 (7.2%).
Net income of 45,088,000,000 contributed positively to equity growth.
Dividend payments of 6,000,000,000 reduced retained earnings.
Other factors increased equity by 11,430,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩45.09 Billion	+5.96%
Dividends Paid	₩6.00 Billion	-0.79%
Other Changes	₩11.43 Billion	+1.51%
Total Change	₩-	7.16%

Book Value vs Market Value Analysis

This analysis compares Songwon Industrial'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: 0.50x
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.
The price-to-book ratio has decreased from 1.00x to 0.50x 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	₩15869.17	₩15850.00	x
2018-12-31	₩17163.00	₩15850.00	x
2019-12-31	₩17983.13	₩15850.00	x
2020-12-31	₩19112.88	₩15850.00	x
2021-12-31	₩22635.58	₩15850.00	x
2022-12-31	₩28442.58	₩15850.00	x
2023-12-31	₩29399.67	₩15850.00	x
2024-12-31	₩31504.58	₩15850.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Songwon Industrial 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): 5.96%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.21%
• Asset Turnover: 0.91x
• Equity Multiplier: 1.56x
Recent ROE (5.96%) is below the historical average (8.50%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	6.61%	5.35%	0.52x	2.38x	₩-4.27 Billion
2009	14.46%	5.89%	0.75x	3.27x	₩7.75 Billion
2010	11.39%	3.92%	0.85x	3.40x	₩2.70 Billion
2011	3.65%	1.60%	0.72x	3.16x	₩-17.47 Billion
2012	7.21%	3.03%	0.79x	3.02x	₩-7.97 Billion
2013	7.84%	3.47%	0.80x	2.83x	₩-6.62 Billion
2014	-4.43%	-1.90%	0.78x	3.00x	₩-41.21 Billion
2015	9.47%	4.55%	0.77x	2.69x	₩-1.66 Billion
2016	12.13%	6.23%	0.84x	2.33x	₩7.60 Billion
2017	9.29%	4.88%	0.84x	2.27x	₩-2.69 Billion
2018	9.25%	4.83%	0.90x	2.12x	₩-3.11 Billion
2019	8.05%	4.27%	0.91x	2.07x	₩-8.41 Billion
2020	5.98%	3.40%	0.91x	1.94x	₩-18.42 Billion
2021	13.30%	7.24%	0.89x	2.05x	₩17.95 Billion
2022	19.33%	9.92%	1.09x	1.78x	₩63.67 Billion
2023	4.94%	3.38%	0.95x	1.54x	₩-35.71 Billion
2024	5.96%	4.21%	0.91x	1.56x	₩-30.52 Billion

Industry Comparison

This section compares Songwon Industrial's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

Industry: Specialty Chemicals
Average net assets among peers: $1,304,638,783,673
Average return on equity (ROE) among peers: 5.00%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Songwon Industrial (004430)	₩755.73 Billion	6.61%	0.55x	$257.79 Million
DL Holdings CO. LTD. (000210)	$4.75 Trillion	1.28%	1.56x	$1.01 Billion
DL Holdings Co Ltd Preferred (000215)	$5.15 Trillion	5.16%	1.41x	$34.58 Million
Norooholdings (000320)	$272.56 Billion	3.14%	1.23x	$153.49 Million
Noroo Holdings Co Ltd (000325)	$583.54 Billion	0.27%	0.81x	$5.20 Million
Samhwa Paint (000390)	$120.78 Billion	8.80%	1.21x	$158.92 Million
Kangnam Jevisco Co Ltd (000860)	$484.92 Billion	4.78%	0.21x	$148.36 Million
Paik Kwang Ind (001340)	$189.54 Billion	7.86%	0.90x	$219.31 Million
Bo Lak (002760)	$43.76 Billion	2.53%	0.22x	$46.56 Million
Cho Kwang Pain (004910)	$150.26 Billion	11.15%	0.61x	$33.78 Million

About Songwon Industrial

KO:004430 Korea Specialty Chemicals

Market Cap

$257.79 Million

₩380.40 Billion KRW

Market Cap Rank

#15580 Global

#599 in Korea

Share Price

₩15850.00

Change (1 day)

+7.09%

52-Week Range

₩8510.00 - ₩15850.00

All Time High

₩29699.42