Taekyung Chem (006890) - Net Assets
Based on the latest financial reports, Taekyung Chem (006890) has net assets worth ₩172.56 Billion KRW (≈ $116.94 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 (₩224.43 Billion ≈ $152.09 Million USD) and total liabilities (₩51.87 Billion ≈ $35.15 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 Taekyung Chem (006890) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩172.56 Billion |
| % of Total Assets | 76.89% |
| Annual Growth Rate | 6.51% |
| 5-Year Change | 22.4% |
| 10-Year Change | 80.44% |
| Growth Volatility | 4.43 |
Taekyung Chem - Net Assets Trend (2011–2025)
This chart illustrates how Taekyung Chem's net assets have evolved over time, based on quarterly financial data. Also explore 006890 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Taekyung Chem (2011–2025)
The table below shows the annual net assets of Taekyung Chem from 2011 to 2025. For live valuation and market cap data, see Taekyung Chem market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩172.56 Billion ≈ $116.94 Million |
+5.36% |
| 2024-12-31 | ₩163.78 Billion ≈ $110.99 Million |
+1.11% |
| 2023-12-31 | ₩161.98 Billion ≈ $109.77 Million |
+9.94% |
| 2022-12-31 | ₩147.34 Billion ≈ $99.85 Million |
+4.51% |
| 2021-12-31 | ₩140.98 Billion ≈ $95.54 Million |
+13.51% |
| 2020-12-31 | ₩124.20 Billion ≈ $84.17 Million |
+4.82% |
| 2019-12-31 | ₩118.49 Billion ≈ $80.30 Million |
+9.72% |
| 2018-12-31 | ₩108.00 Billion ≈ $73.19 Million |
+10.81% |
| 2017-12-31 | ₩97.46 Billion ≈ $66.04 Million |
+1.91% |
| 2016-12-31 | ₩95.63 Billion ≈ $64.81 Million |
-2.13% |
| 2015-12-31 | ₩97.71 Billion ≈ $66.22 Million |
+3.22% |
| 2014-12-31 | ₩94.66 Billion ≈ $64.15 Million |
+9.33% |
| 2013-12-31 | ₩86.58 Billion ≈ $58.68 Million |
+11.97% |
| 2012-12-31 | ₩77.33 Billion ≈ $52.40 Million |
+8.43% |
| 2011-12-31 | ₩71.31 Billion ≈ $48.33 Million |
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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 13131908133000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩131.32 Billion | 76.10% |
| Other Components | ₩41.24 Billion | 23.90% |
| Total Equity | ₩172.56 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 |
|---|---|
|
CONCORD ENVIRO SYSTEMS L
NSE:CEWATER
|
$69.08 Million |
|
Woowon Development Co. Ltd
KQ:046940
|
$69.08 Million |
|
Tifa Finance Tbk
JK:TIFA
|
$69.10 Million |
|
Bibica Corp
VN:BBC
|
$69.11 Million |
|
Il Sung Const
KO:013360
|
$69.05 Million |
|
5E Advanced Materials Inc
AU:5EA
|
$69.02 Million |
|
Greenwood Sejahtera Tbk
JK:GWSA
|
$69.02 Million |
|
MasterBeef Group Ordinary Shares
NASDAQ:MB
|
$69.02 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 2024 to 2025, total equity changed from 163,784,617,310 to 172,558,115,600, a change of 8,773,498,290 (5.4%).
- Net income of 8,746,862,170 contributed positively to equity growth.
- Dividend payments of 2,040,101,820 reduced retained earnings.
- New share issuances of 2,172,829,090 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩8.75 Billion | +5.07% |
| Dividends Paid | ₩2.04 Billion | -1.18% |
| Share Issuances | ₩2.17 Billion | +1.26% |
| Other Changes | ₩-106.09 Million | -0.06% |
| Total Change | ₩- | 5.36% |
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: 0.59x
- 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 1.07x to 0.59x 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 | ₩8990.00 | x |
| 2018-12-31 | ₩9371.84 | ₩8990.00 | x |
| 2019-12-31 | ₩10361.77 | ₩8990.00 | x |
| 2020-12-31 | ₩10958.48 | ₩8990.00 | x |
| 2021-12-31 | ₩12419.66 | ₩8990.00 | x |
| 2022-12-31 | ₩12992.20 | ₩8990.00 | x |
| 2023-12-31 | ₩14288.39 | ₩8990.00 | x |
| 2024-12-31 | ₩14450.86 | ₩8990.00 | x |
| 2025-12-31 | ₩15224.96 | ₩8990.00 | 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): 5.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.26%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.30x
- Recent ROE (5.07%) is below the historical average (6.48%), suggesting potential challenges in 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 |
| 2025 | 5.07% | 14.26% | 0.27x | 1.30x | ₩-8.51 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: $631,525,498,940
- Average return on equity (ROE) among peers: 7.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taekyung Chem (006890) | ₩172.56 Billion | 10.98% | 0.30x | $69.05 Million |
| Samchully (004690) | $441.19 Billion | 12.02% | 0.91x | $342.49 Million |
| Kyungdong Gas (012320) | $192.20 Billion | 9.70% | 0.85x | $97.52 Million |
| Yesco Holdings Co. Ltd (015360) | $674.66 Billion | 5.20% | 0.91x | $46.62 Million |
| Daesung Holdin (016710) | $458.62 Billion | 7.28% | 1.05x | $93.93 Million |
| Seoul City Gas (017390) | $859.78 Billion | 7.06% | 0.89x | $174.30 Million |
| Incheon City G (034590) | $200.00 Billion | 6.09% | 1.12x | $75.28 Million |
| Korea Gas Corporation (036460) | $2.56 Trillion | 11.74% | 2.57x | $2.31 Billion |
| GSE Co. Ltd (053050) | $92.61 Billion | 6.03% | 1.26x | $53.04 Million |
| Daesung Energy (117580) | $203.58 Billion | 4.69% | 1.43x | $169.37 Million |
About 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