Taekyung Chem
Taekyung Chemical Co., Ltd. manufactures and sells liquid and solid carbon dioxide and dry ice in Korea. The company offers magnesium hydroxide, ethylene, liquid oxygen, liquid nitrogen, and argon. Its products are primarily used in industry, food and beverage, medicine, fresh food delivery, quick freezing, cooling, blast cleaning, food preservation, deflashing, cryogenic grinding, welding, desul… Read more
Taekyung Chem (006890) - Net Assets
Latest net assets as of September 2025: ₩168.01 Billion KRW
Based on the latest financial reports, Taekyung Chem (006890) has net assets worth ₩168.01 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 (₩222.46 Billion) and total liabilities (₩54.45 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 | ₩168.01 Billion |
| % of Total Assets | 75.53% |
| Annual Growth Rate | 6.6% |
| 5-Year Change | 31.87% |
| 10-Year Change | 67.62% |
| Growth Volatility | 4.58 |
Taekyung Chem - Net Assets Trend (2011–2024)
This chart illustrates how Taekyung Chem's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taekyung Chem (2011–2024)
The table below shows the annual net assets of Taekyung Chem from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩163.78 Billion | +1.11% |
| 2023-12-31 | ₩161.98 Billion | +9.94% |
| 2022-12-31 | ₩147.34 Billion | +4.51% |
| 2021-12-31 | ₩140.98 Billion | +13.51% |
| 2020-12-31 | ₩124.20 Billion | +4.82% |
| 2019-12-31 | ₩118.49 Billion | +9.72% |
| 2018-12-31 | ₩108.00 Billion | +10.81% |
| 2017-12-31 | ₩97.46 Billion | +1.91% |
| 2016-12-31 | ₩95.63 Billion | -2.13% |
| 2015-12-31 | ₩97.71 Billion | +3.22% |
| 2014-12-31 | ₩94.66 Billion | +9.33% |
| 2013-12-31 | ₩86.58 Billion | +11.97% |
| 2012-12-31 | ₩77.33 Billion | +8.43% |
| 2011-12-31 | ₩71.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taekyung Chem'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 12430939885000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩124.31 Billion | 75.90% |
| Other Components | ₩39.48 Billion | 24.10% |
| Total Equity | ₩163.78 Billion | 100.00% |
Taekyung Chem Competitors by Market Cap
The table below lists competitors of Taekyung Chem ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LanzaTech Global Inc.
NASDAQ:LNZA
|
$26.75 Million |
|
Garo AB
ST:GARO
|
$26.75 Million |
|
Iqstel Inc
OTCQX:IQST
|
$26.76 Million |
|
GameSquare Holdings Inc.
NASDAQ:GAME
|
$26.76 Million |
|
Airmate Cayman International Co Ltd
TW:1626
|
$26.74 Million |
|
K & S Corporation Ltd
AU:KSC
|
$26.74 Million |
|
EV Advanced Material Co.Ltd
KQ:131400
|
$26.74 Million |
|
Sree Rayalaseema Hi-Strength Hypo Limited
NSE:SRHHYPOLTD
|
$26.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taekyung Chem's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 161,943,177,910 to 163,784,617,310, a change of 1,841,439,400 (1.1%).
- Net income of 12,615,780,130 contributed positively to equity growth.
- Dividend payments of 2,266,779,800 reduced retained earnings.
- Other factors decreased equity by 8,507,560,930.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩12.62 Billion | +7.7% |
| Dividends Paid | ₩2.27 Billion | -1.38% |
| Other Changes | ₩-8.51 Billion | -5.19% |
| Total Change | ₩- | 1.14% |
Book Value vs Market Value Analysis
This analysis compares Taekyung Chem'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: 0.60x
- 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 1.03x to 0.60x 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 | ₩8401.44 | ₩8650.00 | x |
| 2018-12-31 | ₩9371.84 | ₩8650.00 | x |
| 2019-12-31 | ₩10361.77 | ₩8650.00 | x |
| 2020-12-31 | ₩10958.48 | ₩8650.00 | x |
| 2021-12-31 | ₩12419.66 | ₩8650.00 | x |
| 2022-12-31 | ₩12992.20 | ₩8650.00 | x |
| 2023-12-31 | ₩14288.39 | ₩8650.00 | x |
| 2024-12-31 | ₩14450.86 | ₩8650.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taekyung Chem 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): 7.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.74%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.13x
- Recent ROE (7.70%) is above the historical average (6.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 10.98% | 14.62% | 0.63x | 1.18x | ₩695.49 Million |
| 2012 | 9.31% | 12.89% | 0.62x | 1.17x | ₩-533.74 Million |
| 2013 | 4.82% | 8.04% | 0.51x | 1.17x | ₩-4.49 Billion |
| 2014 | 6.45% | 11.32% | 0.48x | 1.19x | ₩-3.36 Billion |
| 2015 | 5.49% | 10.54% | 0.43x | 1.21x | ₩-4.41 Billion |
| 2016 | 3.99% | 7.44% | 0.45x | 1.18x | ₩-5.74 Billion |
| 2017 | 1.68% | 3.35% | 0.44x | 1.14x | ₩-8.11 Billion |
| 2018 | 2.69% | 6.13% | 0.39x | 1.14x | ₩-7.89 Billion |
| 2019 | 8.29% | 23.48% | 0.31x | 1.14x | ₩-2.03 Billion |
| 2020 | 6.23% | 16.44% | 0.33x | 1.13x | ₩-4.69 Billion |
| 2021 | 7.75% | 20.19% | 0.34x | 1.14x | ₩-3.16 Billion |
| 2022 | 6.02% | 14.88% | 0.36x | 1.14x | ₩-5.86 Billion |
| 2023 | 10.76% | 24.62% | 0.39x | 1.13x | ₩1.23 Billion |
| 2024 | 7.70% | 17.74% | 0.39x | 1.13x | ₩-3.76 Billion |
Industry Comparison
This section compares Taekyung Chem's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $477,423,980,562
- Average return on equity (ROE) among peers: 5.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taekyung Chem (006890) | ₩168.01 Billion | 10.98% | 0.32x | $26.75 Million |
| Samchully (004690) | $1.14 Trillion | 2.92% | 1.14x | $178.51 Million |
| Kyungdong Gas (012320) | $482.49 Billion | 4.49% | 0.28x | $49.50 Million |
| Yesco Holdings Co. Ltd (015360) | $608.99 Billion | 3.23% | 1.54x | $60.49 Million |
| Daesung Holdin (016710) | $129.56 Billion | 11.23% | 1.39x | $26.28 Million |
| Seoul City Gas (017390) | $916.55 Billion | 3.96% | 0.69x | $60.10 Million |
| Incheon City G (034590) | $200.00 Billion | 6.09% | 1.12x | $19.99 Million |
| GSE Co. Ltd (053050) | $94.39 Billion | 3.77% | 1.53x | $31.10 Million |
| Daesung Energy (117580) | $301.99 Billion | 4.27% | 1.17x | $50.56 Million |
| Kyungdong City Gas Co Ltd (267290) | $420.80 Billion | 7.27% | 1.26x | $43.05 Million |