Shinwon

KO:009270 Korea Apparel Manufacturing
Market Cap
$80.29 Million
₩117.56 Billion KRW
Market Cap Rank
#21112 Global
#973 in Korea
Share Price
₩1373.00
Change (1 day)
-0.51%
52-Week Range
₩1267.00 - ₩1953.00
All Time High
₩3435.33
Categories
Companies in Korea Apparel Manufacturing
About

ShinWon Corporation produces and sells men's wear, women's wear, casual, sports, and accessories in South Korea. Its owned women's wear brands include Besti Belli, SI, VIKI, and ISABEY; and men's wear brands comprise SIEG, SIEG FAHRENHEIT, Vanhart Di Albazar, and MARKM. The company also exports its products to the United States and Europe. It operates stores, as well as sells through online porta… Read more

Shinwon (009270) - Net Assets

Latest net assets as of September 2025: ₩219.68 Billion KRW

Based on the latest financial reports, Shinwon (009270) has net assets worth ₩219.68 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 (₩682.09 Billion) and total liabilities (₩462.41 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 ₩219.68 Billion
% of Total Assets 32.21%
Annual Growth Rate 4.6%
5-Year Change 22.17%
10-Year Change 21.6%
Growth Volatility 21.04

Shinwon - Net Assets Trend (2000–2024)

This chart illustrates how Shinwon's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Shinwon (2000–2024)

The table below shows the annual net assets of Shinwon from 2000 to 2024.

Year Net Assets Change
2024-12-31 ₩226.78 Billion +6.08%
2023-12-31 ₩213.79 Billion -5.20%
2022-12-31 ₩225.51 Billion +6.63%
2021-12-31 ₩211.49 Billion +13.94%
2020-12-31 ₩185.62 Billion -7.92%
2019-12-31 ₩201.59 Billion +10.19%
2018-12-31 ₩182.94 Billion +8.16%
2017-12-31 ₩169.15 Billion -6.54%
2016-12-31 ₩180.99 Billion -2.95%
2015-12-31 ₩186.50 Billion +5.10%
2014-12-31 ₩177.45 Billion +2.18%
2013-12-31 ₩173.67 Billion -4.95%
2012-12-31 ₩182.70 Billion -5.80%
2011-12-31 ₩193.96 Billion -2.28%
2010-12-31 ₩198.47 Billion +33.24%
2009-12-31 ₩148.96 Billion +23.35%
2008-12-31 ₩120.76 Billion +26.37%
2007-12-31 ₩95.56 Billion +28.53%
2006-12-31 ₩74.35 Billion +24.40%
2005-12-31 ₩59.76 Billion +53.36%
2004-12-31 ₩38.97 Billion -32.82%
2003-12-31 ₩58.01 Billion -5.69%
2002-12-31 ₩61.50 Billion -42.61%
2001-12-31 ₩107.17 Billion +39.17%
2000-12-31 ₩77.01 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Shinwon'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 13002871750000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩130.03 Billion 56.66%
Other Components ₩99.47 Billion 43.34%
Total Equity ₩229.49 Billion 100.00%

Shinwon Competitors by Market Cap

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

Company Market Cap
CALIDA HLDG NA SF 2,10
F:C7UA
 		$51.58 Million
Yesil Gayrimenkul Yatirim Ortakligi AS
IS:YGYO
 		$51.59 Million
REWORLD MEDIA EO -02
F:6H1
 		$51.60 Million
Sahamitr Pressure Container Public Company Limited
BK:SMPC
 		$51.62 Million
BATM ADV. COMMCTNS IS-01
F:BAV
 		$51.57 Million
Kawan Food Bhd
KLSE:7216
 		$51.54 Million
CAICA Inc
MU:RZC
 		$51.54 Million
Hancom MDS Inc
KQ:086960
 		$51.53 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 219,238,257,020 to 229,493,753,340, a change of 10,255,496,320 (4.7%).
  • Net income of 6,306,362,470 contributed positively to equity growth.
  • Dividend payments of 5,259,672,020 reduced retained earnings.
  • Other factors increased equity by 9,208,805,870.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩6.31 Billion +2.75%
Dividends Paid ₩5.26 Billion -2.29%
Other Changes ₩9.21 Billion +4.01%
Total Change ₩- 4.68%

Book Value vs Market Value Analysis

This analysis compares Shinwon'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: 0.45x
  • 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 ₩3021.93 ₩1373.00 x
2018-12-31 ₩2643.06 ₩1373.00 x
2019-12-31 ₩2597.78 ₩1373.00 x
2020-12-31 ₩2613.52 ₩1373.00 x
2021-12-31 ₩2840.10 ₩1373.00 x
2022-12-31 ₩2865.79 ₩1373.00 x
2023-12-31 ₩2881.44 ₩1373.00 x
2024-12-31 ₩3057.78 ₩1373.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shinwon 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): 2.75%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.67%
  • • Asset Turnover: 1.49x
  • • Equity Multiplier: 2.74x
  • Recent ROE (2.75%) is below the historical average (6.97%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 14.49% 3.21% 1.12x 4.03x ₩4.81 Billion
2003 1.20% 0.16% 1.75x 4.18x ₩-5.11 Billion
2005 35.74% 6.34% 1.85x 3.04x ₩15.38 Billion
2006 13.72% 2.93% 1.99x 2.35x ₩2.77 Billion
2007 26.61% 7.69% 2.10x 1.65x ₩15.87 Billion
2008 24.45% 7.13% 2.12x 1.62x ₩17.45 Billion
2009 21.84% 7.32% 1.86x 1.61x ₩17.65 Billion
2010 3.20% 1.25% 1.51x 1.69x ₩-13.50 Billion
2011 0.23% 0.08% 1.30x 2.12x ₩-18.95 Billion
2013 -4.15% -1.22% 1.37x 2.47x ₩-24.55 Billion
2014 1.95% 0.57% 1.42x 2.41x ₩-14.28 Billion
2015 3.57% 1.04% 1.48x 2.32x ₩-11.99 Billion
2016 -3.21% -0.91% 1.48x 2.39x ₩-23.88 Billion
2017 -5.63% -1.49% 1.52x 2.49x ₩-26.45 Billion
2018 -3.18% -0.94% 1.51x 2.25x ₩-24.20 Billion
2019 0.71% 0.21% 1.67x 2.00x ₩-18.77 Billion
2020 -4.07% -1.10% 1.71x 2.16x ₩-26.39 Billion
2021 5.61% 1.38% 1.75x 2.33x ₩-9.50 Billion
2022 7.84% 1.82% 1.95x 2.21x ₩-4.99 Billion
2023 2.70% 0.71% 1.53x 2.49x ₩-16.00 Billion
2024 2.75% 0.67% 1.49x 2.74x ₩-16.64 Billion

Industry Comparison

This section compares Shinwon's net assets metrics with peer companies in the Apparel Manufacturing industry.

Industry Context

  • Industry: Apparel Manufacturing
  • Average net assets among peers: $209,246,918,112
  • Average return on equity (ROE) among peers: 8.21%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shinwon (009270) ₩219.68 Billion 14.49% 2.10x $51.58 Million
BYC Co Ltd (001465) $378.12 Billion 3.49% 0.83x $50.34 Million
Vivien Corp (002070) $138.99 Billion 0.12% 0.40x $10.53 Million
Kuk Dong (005320) $28.64 Billion 31.07% 2.12x $15.40 Million
Shinsung Tngsn (005390) $230.85 Billion 2.26% 1.99x $10.03 Million
Shinyoung Waco (005800) $251.88 Billion 6.83% 0.12x $26.78 Million
F&F Holdings Co. Ltd (007700) $189.53 Billion 7.38% 0.70x $40.03 Million
Pan-Pacific (007980) $241.92 Billion 9.16% 2.11x $38.87 Million
Willbes (008600) $126.89 Billion 2.17% 0.93x $13.89 Million
Youngone Holdi (009970) $296.42 Billion 11.43% 0.61x $813.72 Million