Ak Holdings (006840) - Net Assets
Based on the latest financial reports, Ak Holdings (006840) has net assets worth ₩1.12 Trillion KRW (≈ $761.02 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩5.98 Trillion ≈ $4.05 Billion USD) and total liabilities (₩4.85 Trillion ≈ $3.29 Billion 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 Ak Holdings tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.12 Trillion |
| % of Total Assets | 18.79% |
| Annual Growth Rate | 7.42% |
| 5-Year Change | -6.6% |
| 10-Year Change | 11.03% |
| Growth Volatility | 15.42 |
Ak Holdings - Net Assets Trend (2000–2025)
This chart illustrates how Ak Holdings's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Ak Holdings to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ak Holdings (2000–2025)
The table below shows the annual net assets of Ak Holdings from 2000 to 2025. For live valuation and market cap data, see Ak Holdings market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩1.12 Trillion ≈ $761.02 Million |
-9.80% |
| 2024-12-31 | ₩1.25 Trillion ≈ $843.74 Million |
-3.80% |
| 2023-12-31 | ₩1.29 Trillion ≈ $877.10 Million |
+0.93% |
| 2022-12-31 | ₩1.28 Trillion ≈ $869.02 Million |
+6.65% |
| 2021-12-31 | ₩1.20 Trillion ≈ $814.82 Million |
-3.31% |
| 2020-12-31 | ₩1.24 Trillion ≈ $842.70 Million |
-13.04% |
| 2019-12-31 | ₩1.43 Trillion ≈ $969.05 Million |
-2.98% |
| 2018-12-31 | ₩1.47 Trillion ≈ $998.84 Million |
+27.94% |
| 2017-12-31 | ₩1.15 Trillion ≈ $780.74 Million |
+13.91% |
| 2016-12-31 | ₩1.01 Trillion ≈ $685.43 Million |
+12.18% |
| 2015-12-31 | ₩901.59 Billion ≈ $611.00 Million |
+9.02% |
| 2014-12-31 | ₩827.01 Billion ≈ $560.45 Million |
+30.23% |
| 2013-12-31 | ₩635.02 Billion ≈ $430.34 Million |
+54.03% |
| 2012-12-31 | ₩412.26 Billion ≈ $279.39 Million |
+16.45% |
| 2011-12-31 | ₩354.02 Billion ≈ $239.91 Million |
+17.51% |
| 2010-12-31 | ₩301.26 Billion ≈ $204.16 Million |
+23.98% |
| 2009-12-31 | ₩242.99 Billion ≈ $164.67 Million |
+1.78% |
| 2008-12-31 | ₩238.73 Billion ≈ $161.79 Million |
-6.67% |
| 2007-12-31 | ₩255.79 Billion ≈ $173.35 Million |
-15.74% |
| 2006-12-31 | ₩303.57 Billion ≈ $205.72 Million |
+5.42% |
| 2005-12-31 | ₩287.95 Billion ≈ $195.14 Million |
+15.57% |
| 2004-12-31 | ₩249.15 Billion ≈ $168.85 Million |
+8.89% |
| 2003-12-31 | ₩228.80 Billion ≈ $155.06 Million |
+6.61% |
| 2002-12-31 | ₩214.62 Billion ≈ $145.44 Million |
+21.74% |
| 2001-12-31 | ₩176.29 Billion ≈ $119.47 Million |
-5.95% |
| 2000-12-31 | ₩187.44 Billion ≈ $127.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ak 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 grown by 3380762914000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩33.81 Billion | 8.23% |
| Other Components | ₩377.02 Billion | 91.77% |
| Total Equity | ₩410.82 Billion | 100.00% |
Ak Holdings Competitors by Market Cap
The table below lists competitors of Ak Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
M2I Corporation
KQ:347890
|
$55.70 Million |
|
Xplus SA
WAR:XPL
|
$55.78 Million |
|
Tifa Finance Tbk
JK:TIFA
|
$55.78 Million |
|
Neo-Concept International Group Holdings Limited Ordinary Shares
NASDAQ:NCI
|
$55.80 Million |
|
Abico FS Co Ltd
TWO:8071
|
$55.65 Million |
|
Sheetal Cool Products Limited
NSE:SCPL
|
$55.62 Million |
|
Pluristem
TA:PSTI
|
$55.60 Million |
|
Where Food Comes From Inc
NASDAQ:WFCF
|
$55.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ak Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 525,673,614,750 to 410,822,714,080, a change of -114,850,900,670 (-21.8%).
- Net loss of 119,339,140,410 reduced equity.
- Dividend payments of 20,822,316,030 reduced retained earnings.
- Share repurchases of 1,052,100 reduced equity.
- New share issuances of 36,218,470 increased equity.
- Other factors increased equity by 25,275,389,400.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-119.34 Billion | -29.05% |
| Dividends Paid | ₩20.82 Billion | -5.07% |
| Share Repurchases | ₩1.05 Million | -0.0% |
| Share Issuances | ₩36.22 Million | +0.01% |
| Other Changes | ₩25.28 Billion | +6.15% |
| Total Change | ₩- | -21.85% |
Book Value vs Market Value Analysis
This analysis compares Ak 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: 0.20x
- 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 | ₩54400.08 | ₩6300.00 | x |
| 2018-12-31 | ₩64784.96 | ₩6300.00 | x |
| 2019-12-31 | ₩63415.17 | ₩6300.00 | x |
| 2020-12-31 | ₩51252.82 | ₩6300.00 | x |
| 2021-12-31 | ₩45960.81 | ₩6300.00 | x |
| 2022-12-31 | ₩41947.89 | ₩6300.00 | x |
| 2023-12-31 | ₩44338.61 | ₩6300.00 | x |
| 2024-12-31 | ₩40295.41 | ₩6300.00 | x |
| 2025-12-31 | ₩31491.54 | ₩6300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ak 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): -29.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.69%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 14.55x
- Recent ROE (-29.05%) is below the historical average (4.72%), 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 | 3.13% | 2.21% | 0.72x | 1.98x | ₩-12.73 Billion |
| 2001 | 4.18% | 2.50% | 0.84x | 1.99x | ₩-10.12 Billion |
| 2002 | 10.83% | 4.82% | 1.00x | 2.25x | ₩1.66 Billion |
| 2003 | 5.96% | 2.77% | 1.07x | 2.02x | ₩-8.54 Billion |
| 2004 | 5.21% | 2.19% | 1.23x | 1.93x | ₩-11.01 Billion |
| 2005 | 2.93% | 1.03% | 0.96x | 2.96x | ₩-16.61 Billion |
| 2006 | 1.55% | 0.47% | 1.06x | 3.11x | ₩-19.63 Billion |
| 2007 | 10.94% | 3.80% | 1.46x | 1.97x | ₩2.36 Billion |
| 2010 | 19.06% | 3.38% | 2.07x | 2.73x | ₩23.23 Billion |
| 2011 | 12.05% | 2.92% | 1.75x | 2.35x | ₩6.96 Billion |
| 2012 | 50.44% | 42.47% | 0.69x | 1.72x | ₩145.78 Billion |
| 2013 | 18.82% | 3.58% | 0.94x | 5.57x | ₩37.60 Billion |
| 2014 | 11.78% | 2.29% | 1.04x | 4.96x | ₩9.94 Billion |
| 2015 | -7.67% | -1.53% | 1.12x | 4.45x | ₩-99.09 Billion |
| 2016 | 11.61% | 2.46% | 1.07x | 4.42x | ₩9.98 Billion |
| 2017 | 14.20% | 2.94% | 1.15x | 4.20x | ₩29.49 Billion |
| 2018 | 12.65% | 2.88% | 1.09x | 4.02x | ₩22.39 Billion |
| 2019 | 3.42% | 0.75% | 0.87x | 5.23x | ₩-54.45 Billion |
| 2020 | -23.01% | -5.87% | 0.63x | 6.21x | ₩-220.73 Billion |
| 2021 | -18.57% | -3.51% | 0.70x | 7.59x | ₩-171.29 Billion |
| 2022 | -11.11% | -1.61% | 0.76x | 9.14x | ₩-115.52 Billion |
| 2023 | 5.95% | 0.77% | 0.84x | 9.19x | ₩-23.40 Billion |
| 2024 | -2.06% | -0.28% | 0.71x | 10.15x | ₩-63.42 Billion |
| 2025 | -29.05% | -3.69% | 0.54x | 14.55x | ₩-160.42 Billion |
Industry Comparison
This section compares Ak Holdings's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $1,019,217,608,936
- Average return on equity (ROE) among peers: 6.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ak Holdings (006840) | ₩1.12 Trillion | 3.13% | 4.32x | $55.70 Million |
| Rifa Ind (000760) | $181.15 Billion | -1.86% | 0.48x | $23.49 Million |
| Kumyang (001570) | $117.41 Billion | 11.36% | 1.68x | $428.33 Million |
| Sh E & Chemical Co. Ltd. (002360) | $64.16 Billion | 3.67% | 0.88x | $142.41 Million |
| KCC Corporation (002380) | $5.04 Trillion | 6.82% | 1.60x | $2.66 Billion |
| Miwon Commerci (002840) | $267.57 Billion | 19.38% | 0.23x | $380.63 Million |
| Taekwang Ind (003240) | $1.47 Trillion | 2.08% | 0.33x | $510.47 Million |
| Lotte Fine Chemical Co Ltd (004000) | $2.29 Trillion | 6.37% | 0.18x | $847.50 Million |
| Dongjin Semichem Co. Ltd (005290) | $88.75 Billion | 0.00% | 3.24x | $2.18 Billion |
| Isu Chemical Co Ltd (005950) | $238.78 Billion | 5.60% | 0.88x | $253.62 Million |
| Korea Petro Chemical Ind (006650) | $431.77 Billion | 8.74% | 0.88x | $540.34 Million |
About Ak Holdings
AK Holdings, Inc., through its subsidiaries, manufactures and sells chemical products in South Korea, the People's Republic of China, Vietnam, and internationally. The company offers cosmetics and varnish, and detergent soaps. It also engages in the real estate leasing and investment, trading, servicing, domestic and international air transport, and air transport assistance activities, as well as… Read more