Kyungin Synthe
Kyungin Synthetic Co., Ltd. develops, manufactures, and sells dyes, inks, fine chemicals, and other materials for use in textiles, food, and electronic products in South Korea. The company offers inks for digital textile printing and UV printing, as well as dyes for inks; reactive dyes, disperse dyes, acid dyes, CDP basic dyes, and optical brightening agents; electronic materials; and fine chemic… Read more
Kyungin Synthe (012610) - Net Assets
Latest net assets as of September 2025: ₩263.84 Billion KRW
Based on the latest financial reports, Kyungin Synthe (012610) has net assets worth ₩263.84 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 (₩544.50 Billion) and total liabilities (₩280.66 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 | ₩263.84 Billion |
| % of Total Assets | 48.45% |
| Annual Growth Rate | 7.62% |
| 5-Year Change | 16.22% |
| 10-Year Change | 31.97% |
| Growth Volatility | 15.63 |
Kyungin Synthe - Net Assets Trend (2004–2024)
This chart illustrates how Kyungin Synthe's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kyungin Synthe (2004–2024)
The table below shows the annual net assets of Kyungin Synthe from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩265.42 Billion | +5.46% |
| 2023-12-31 | ₩251.69 Billion | -5.43% |
| 2022-12-31 | ₩266.15 Billion | +5.67% |
| 2021-12-31 | ₩251.87 Billion | +10.28% |
| 2020-12-31 | ₩228.38 Billion | -3.81% |
| 2019-12-31 | ₩237.43 Billion | +6.11% |
| 2018-12-31 | ₩223.76 Billion | +6.08% |
| 2017-12-31 | ₩210.93 Billion | +1.27% |
| 2016-12-31 | ₩208.29 Billion | +3.56% |
| 2015-12-31 | ₩201.13 Billion | +1.46% |
| 2014-12-31 | ₩198.24 Billion | +4.48% |
| 2013-12-31 | ₩189.74 Billion | +8.43% |
| 2012-12-31 | ₩174.99 Billion | -0.74% |
| 2011-12-31 | ₩176.29 Billion | +2.04% |
| 2010-12-31 | ₩172.77 Billion | +2.96% |
| 2009-12-31 | ₩167.81 Billion | +54.22% |
| 2008-12-31 | ₩108.81 Billion | +53.00% |
| 2007-12-31 | ₩71.12 Billion | +5.18% |
| 2006-12-31 | ₩67.61 Billion | -1.91% |
| 2005-12-31 | ₩68.93 Billion | +12.75% |
| 2004-12-31 | ₩61.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kyungin Synthe'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 524.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩182.38 Billion | 75.95% |
| Other Components | ₩57.74 Billion | 24.05% |
| Total Equity | ₩240.12 Billion | 100.00% |
Kyungin Synthe Competitors by Market Cap
The table below lists competitors of Kyungin Synthe ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Multi Bintang Indonesia Tbk
JK:MLBI
|
$75.39 Million |
|
Aluko Co Ltd
KO:001780
|
$75.46 Million |
|
Younited Financial S.A.
F:HT5
|
$75.46 Million |
|
Lucara Diamond Corp
PINK:LUCRF
|
$75.48 Million |
|
7738
TWO:7738
|
$75.33 Million |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
$75.32 Million |
|
Hefei Jingsong Intelligent Technology Co. Ltd. A
SHG:688251
|
$75.30 Million |
|
Global Lighting Technologies Inc
TW:4935
|
$75.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kyungin Synthe's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 227,120,370,350 to 240,120,013,590, a change of 12,999,643,240 (5.7%).
- Net income of 15,328,142,940 contributed positively to equity growth.
- Dividend payments of 2,288,215,750 reduced retained earnings.
- Share repurchases of 981,361,710 reduced equity.
- New share issuances of 169,240,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩15.33 Billion | +6.38% |
| Dividends Paid | ₩2.29 Billion | -0.95% |
| Share Repurchases | ₩981.36 Million | -0.41% |
| Share Issuances | ₩169.24 Million | +0.07% |
| Other Changes | ₩771.84 Million | +0.32% |
| Total Change | ₩- | 5.72% |
Book Value vs Market Value Analysis
This analysis compares Kyungin Synthe'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: 0.70x
- 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 0.84x to 0.70x 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 | ₩4897.72 | ₩4105.00 | x |
| 2018-12-31 | ₩5150.88 | ₩4105.00 | x |
| 2019-12-31 | ₩5369.97 | ₩4105.00 | x |
| 2020-12-31 | ₩5071.37 | ₩4105.00 | x |
| 2021-12-31 | ₩5553.17 | ₩4105.00 | x |
| 2022-12-31 | ₩5830.95 | ₩4105.00 | x |
| 2023-12-31 | ₩5470.57 | ₩4105.00 | x |
| 2024-12-31 | ₩5827.83 | ₩4105.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kyungin Synthe 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): 6.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.10%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.27x
- Recent ROE (6.38%) is above the historical average (4.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 7.04% | 4.49% | 0.85x | 1.84x | ₩-1.81 Billion |
| 2005 | 3.69% | 2.09% | 0.98x | 1.81x | ₩-4.33 Billion |
| 2006 | 1.31% | 0.72% | 1.01x | 1.81x | ₩-5.84 Billion |
| 2007 | 6.02% | 3.14% | 0.93x | 2.07x | ₩-2.81 Billion |
| 2008 | 12.81% | 5.37% | 1.17x | 2.04x | ₩2.82 Billion |
| 2009 | 7.75% | 4.32% | 0.96x | 1.86x | ₩-3.36 Billion |
| 2010 | 4.15% | 2.25% | 0.93x | 1.99x | ₩-8.89 Billion |
| 2011 | 1.64% | 1.13% | 0.73x | 1.99x | ₩-13.44 Billion |
| 2012 | 1.48% | 1.10% | 0.76x | 1.78x | ₩-13.76 Billion |
| 2013 | 6.13% | 4.16% | 0.82x | 1.79x | ₩-6.85 Billion |
| 2014 | 5.35% | 3.58% | 0.89x | 1.69x | ₩-8.63 Billion |
| 2015 | 1.01% | 0.72% | 0.81x | 1.75x | ₩-16.78 Billion |
| 2016 | 2.66% | 1.86% | 0.80x | 1.79x | ₩-14.12 Billion |
| 2017 | 1.84% | 1.19% | 0.84x | 1.84x | ₩-15.86 Billion |
| 2018 | 6.39% | 3.99% | 0.80x | 2.00x | ₩-7.47 Billion |
| 2019 | 6.40% | 3.89% | 0.76x | 2.16x | ₩-7.88 Billion |
| 2020 | -4.28% | -2.71% | 0.65x | 2.42x | ₩-29.81 Billion |
| 2021 | 10.58% | 6.04% | 0.70x | 2.52x | ₩1.34 Billion |
| 2022 | 5.92% | 3.56% | 0.73x | 2.26x | ₩-9.87 Billion |
| 2023 | -4.73% | -3.11% | 0.64x | 2.37x | ₩-33.45 Billion |
| 2024 | 6.38% | 4.10% | 0.69x | 2.27x | ₩-8.68 Billion |
Industry Comparison
This section compares Kyungin Synthe's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $1,252,997,989,292
- Average return on equity (ROE) among peers: 8.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kyungin Synthe (012610) | ₩263.84 Billion | 7.04% | 1.06x | $75.39 Million |
| Rifa Ind (000760) | $181.15 Billion | -1.86% | 0.48x | $8.66 Million |
| Kumyang (001570) | $57.95 Billion | 24.95% | 1.85x | $316.82 Million |
| Sh E & Chemical Co. Ltd. (002360) | $94.10 Billion | 1.96% | 0.32x | $20.38 Million |
| KCC Corporation (002380) | $5.09 Trillion | 4.87% | 0.38x | $1.65 Billion |
| Miwon Commerci (002840) | $239.21 Billion | 9.14% | 0.38x | $100.20 Million |
| Taekwang Ind (003240) | $3.48 Trillion | 3.91% | 0.25x | $160.16 Million |
| Lotte Fine Chemical Co Ltd (004000) | $2.20 Trillion | 26.63% | 0.24x | $496.67 Million |
| Dongjin Semichem Co. Ltd (005290) | $133.88 Billion | 0.00% | 3.14x | $1.06 Billion |
| Isu Chemical Co Ltd (005950) | $279.30 Billion | 6.94% | 0.54x | $85.98 Million |
| Korea Petro Chemical Ind (006650) | $768.68 Billion | 3.91% | 0.65x | $316.72 Million |