TWay Holdings (004870) - Net Assets
Based on the latest financial reports, TWay Holdings (004870) has net assets worth ₩90.79 Billion KRW (≈ $61.52 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 (₩121.78 Billion ≈ $82.53 Million USD) and total liabilities (₩30.99 Billion ≈ $21.00 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 004870 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩90.79 Billion |
| % of Total Assets | 74.55% |
| Annual Growth Rate | 16.14% |
| 5-Year Change | 8.18% |
| 10-Year Change | 243.34% |
| Growth Volatility | 69.52 |
TWay Holdings - Net Assets Trend (2013–2024)
This chart illustrates how TWay Holdings's net assets have evolved over time, based on quarterly financial data. Also explore TWay Holdings total assets for the complete picture of this company's asset base.
Annual Net Assets for TWay Holdings (2013–2024)
The table below shows the annual net assets of TWay Holdings from 2013 to 2024. For live valuation and market cap data, see 004870 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩149.00 Billion ≈ $100.98 Million |
-10.55% |
| 2023-12-31 | ₩166.58 Billion ≈ $112.89 Million |
+1.12% |
| 2022-12-31 | ₩164.73 Billion ≈ $111.64 Million |
+84.61% |
| 2021-12-31 | ₩89.23 Billion ≈ $60.47 Million |
-35.22% |
| 2020-12-31 | ₩137.74 Billion ≈ $93.34 Million |
-43.96% |
| 2019-12-31 | ₩245.78 Billion ≈ $166.56 Million |
-13.73% |
| 2018-12-31 | ₩284.90 Billion ≈ $193.08 Million |
+208.09% |
| 2017-12-31 | ₩92.47 Billion ≈ $62.67 Million |
+88.13% |
| 2016-12-31 | ₩49.15 Billion ≈ $33.31 Million |
+13.26% |
| 2015-12-31 | ₩43.40 Billion ≈ $29.41 Million |
+6.43% |
| 2014-12-31 | ₩40.78 Billion ≈ $27.63 Million |
+41.92% |
| 2013-12-31 | ₩28.73 Billion ≈ $19.47 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to TWay Holdings'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 6619921620000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩293.79 Billion | 197.18% |
| Total Equity | ₩149.00 Billion | 100.00% |
TWay Holdings Competitors by Market Cap
The table below lists competitors of TWay Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Minco Silver Corporation
TO:MSV
|
$21.17 Million |
|
Shin Poong Pap
KO:002870
|
$21.18 Million |
|
Little Green Pharma Ltd
AU:LGP
|
$21.19 Million |
|
Booster Co. Ltd
KQ:008470
|
$21.20 Million |
|
Mahalaxmi Rubtech Limited
NSE:MHLXMIRU
|
$21.16 Million |
|
Transtouch Technology
TWO:3623
|
$21.15 Million |
|
CKX Lands Inc
NYSE MKT:CKX
|
$21.15 Million |
|
The Mercantile Investment Trust plc
LSE:MRC
|
$21.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TWay Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 166,583,694,800 to 149,000,968,360, a change of -17,582,726,440 (-10.6%).
- Net loss of 20,751,192,690 reduced equity.
- Other factors increased equity by 3,168,466,250.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-20.75 Billion | -13.93% |
| Other Changes | ₩3.17 Billion | +2.13% |
| Total Change | ₩- | -10.55% |
Book Value vs Market Value Analysis
This analysis compares TWay Holdings'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: 0.21x
- 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 | ₩1176.71 | ₩276.00 | x |
| 2018-12-31 | ₩2454.98 | ₩276.00 | x |
| 2019-12-31 | ₩2102.60 | ₩276.00 | x |
| 2020-12-31 | ₩994.46 | ₩276.00 | x |
| 2021-12-31 | ₩490.53 | ₩276.00 | x |
| 2022-12-31 | ₩1504.78 | ₩276.00 | x |
| 2023-12-31 | ₩1492.54 | ₩276.00 | x |
| 2024-12-31 | ₩1325.41 | ₩276.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TWay Holdings 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): -13.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -395.80%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.26x
- Recent ROE (-13.93%) is below the historical average (-11.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 19.11% | 4.08% | 1.77x | 2.65x | ₩2.58 Billion |
| 2014 | 18.29% | 3.05% | 2.04x | 2.94x | ₩3.26 Billion |
| 2015 | 5.40% | 0.78% | 1.97x | 3.53x | ₩-1.91 Billion |
| 2016 | 6.96% | 0.80% | 2.35x | 3.71x | ₩-1.44 Billion |
| 2017 | 35.62% | 4.85% | 2.07x | 3.55x | ₩21.39 Billion |
| 2018 | 13.41% | 3.37% | 1.48x | 2.69x | ₩6.32 Billion |
| 2019 | -18.32% | -3.61% | 0.94x | 5.40x | ₩-45.67 Billion |
| 2020 | -112.08% | -30.86% | 0.36x | 10.05x | ₩-93.09 Billion |
| 2021 | -143.22% | -33.92% | 0.28x | 15.00x | ₩-82.28 Billion |
| 2022 | 46.32% | 665.25% | 0.05x | 1.28x | ₩59.83 Billion |
| 2023 | 2.74% | 58.67% | 0.04x | 1.29x | ₩-12.10 Billion |
| 2024 | -13.93% | -395.80% | 0.03x | 1.26x | ₩-35.65 Billion |
Industry Comparison
This section compares TWay Holdings's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $538,677,836,146
- Average return on equity (ROE) among peers: 19.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TWay Holdings (004870) | ₩90.79 Billion | 19.11% | 0.34x | $21.17 Million |
| Chosun Refractories Co Ltd (000480) | $513.29 Billion | 6.65% | 0.94x | $143.15 Million |
| Union Corporation (000910) | $174.56 Billion | -5.79% | 1.15x | $47.82 Million |
| Tongyang (001520) | $223.24 Billion | 0.00% | 14.93x | $103.42 Million |
| Tongyang Inc (001525) | $374.95 Billion | 170.06% | 1.21x | $613.90 Million |
| Tongyang Inc (001527) | $834.11 Billion | 0.40% | 0.17x | $1.23 Million |
| Asia Cement (002030) | $534.91 Billion | 1.23% | 1.17x | $299.50 Million |
| Hanil Cement Co Ltd (003300) | $1.82 Trillion | 2.69% | 0.82x | $366.69 Million |
| Korea Petroleum Industries Co (004090) | $100.57 Billion | 3.22% | 1.35x | $137.42 Million |
| Samil C&S Co Ltd (004440) | $269.06 Billion | 0.76% | 0.32x | $70.92 Million |
About TWay Holdings
Tway Holdings Incorporation engages in the manufacturing and distributing PHC piles in South Korea. The company is involved in the manufacturing and sale of building materials, ready-mixed concrete, and aggregates; manufacturing, production, and sale of concrete piles and brick blocks; and consignment and agency business related to aviation. It also engages in the manufacturing and sales of in-fl… Read more