Kyungin Synthe (012610) - Net Assets
Based on the latest financial reports, Kyungin Synthe (012610) has net assets worth ₩267.65 Billion KRW (≈ $181.38 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩549.85 Billion ≈ $372.62 Million USD) and total liabilities (₩282.19 Billion ≈ $191.24 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 tangible net worth ratio of Kyungin Synthe to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩267.65 Billion |
| % of Total Assets | 48.68% |
| Annual Growth Rate | 7.23% |
| 5-Year Change | 5.22% |
| 10-Year Change | 27.23% |
| Growth Volatility | 15.37 |
Kyungin Synthe - Net Assets Trend (2004–2025)
This chart illustrates how Kyungin Synthe's net assets have evolved over time, based on quarterly financial data. See 012610 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kyungin Synthe (2004–2025)
The table below shows the annual net assets of Kyungin Synthe from 2004 to 2025. For live valuation and market cap data, see how much is Kyungin Synthe worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩265.02 Billion ≈ $179.60 Million |
-0.15% |
| 2024-12-31 | ₩265.42 Billion ≈ $179.87 Million |
+5.46% |
| 2023-12-31 | ₩251.69 Billion ≈ $170.57 Million |
-5.43% |
| 2022-12-31 | ₩266.15 Billion ≈ $180.37 Million |
+5.67% |
| 2021-12-31 | ₩251.87 Billion ≈ $170.69 Million |
+10.28% |
| 2020-12-31 | ₩228.38 Billion ≈ $154.77 Million |
-3.81% |
| 2019-12-31 | ₩237.43 Billion ≈ $160.91 Million |
+6.11% |
| 2018-12-31 | ₩223.76 Billion ≈ $151.64 Million |
+6.08% |
| 2017-12-31 | ₩210.93 Billion ≈ $142.95 Million |
+1.27% |
| 2016-12-31 | ₩208.29 Billion ≈ $141.16 Million |
+3.56% |
| 2015-12-31 | ₩201.13 Billion ≈ $136.30 Million |
+1.46% |
| 2014-12-31 | ₩198.24 Billion ≈ $134.34 Million |
+4.48% |
| 2013-12-31 | ₩189.74 Billion ≈ $128.59 Million |
+8.43% |
| 2012-12-31 | ₩174.99 Billion ≈ $118.59 Million |
-0.74% |
| 2011-12-31 | ₩176.29 Billion ≈ $119.47 Million |
+2.04% |
| 2010-12-31 | ₩172.77 Billion ≈ $117.08 Million |
+2.96% |
| 2009-12-31 | ₩167.81 Billion ≈ $113.72 Million |
+54.22% |
| 2008-12-31 | ₩108.81 Billion ≈ $73.74 Million |
+53.00% |
| 2007-12-31 | ₩71.12 Billion ≈ $48.19 Million |
+5.18% |
| 2006-12-31 | ₩67.61 Billion ≈ $45.82 Million |
-1.91% |
| 2005-12-31 | ₩68.93 Billion ≈ $46.71 Million |
+12.75% |
| 2004-12-31 | ₩61.14 Billion ≈ $41.43 Million |
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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 533.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩184.85 Billion | 76.91% |
| Other Components | ₩55.49 Billion | 23.09% |
| Total Equity | ₩240.34 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 |
|---|---|
|
Taiwan IC Packaging
TWO:3372
|
$112.68 Million |
|
T.K.S. Technologies Public Company Limited
BK:TKS
|
$112.69 Million |
|
Chinyang Hold
KO:100250
|
$112.69 Million |
|
E-World
KO:084680
|
$112.72 Million |
|
Korea Fuel-Tech Corporation
KQ:123410
|
$112.64 Million |
|
Kyung Nong Corporation
KO:002100
|
$112.59 Million |
|
General de Alquiler de Maquinaria SA
MC:GAM
|
$112.58 Million |
|
U.S. GoldMining Inc. Common stock
NASDAQ:USGO
|
$112.58 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 2024 to 2025, total equity changed from 240,120,013,590 to 240,339,891,680, a change of 219,878,090 (0.1%).
- Net income of 5,639,947,030 contributed positively to equity growth.
- Dividend payments of 2,278,124,710 reduced retained earnings.
- Other factors decreased equity by 3,141,944,230.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩5.64 Billion | +2.35% |
| Dividends Paid | ₩2.28 Billion | -0.95% |
| Other Changes | ₩-3.14 Billion | -1.31% |
| Total Change | ₩- | 0.09% |
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: 0.69x
- 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 0.83x to 0.69x 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 | ₩4055.00 | x |
| 2018-12-31 | ₩5150.88 | ₩4055.00 | x |
| 2019-12-31 | ₩5369.97 | ₩4055.00 | x |
| 2020-12-31 | ₩5071.37 | ₩4055.00 | x |
| 2021-12-31 | ₩5553.17 | ₩4055.00 | x |
| 2022-12-31 | ₩5830.95 | ₩4055.00 | x |
| 2023-12-31 | ₩5470.57 | ₩4055.00 | x |
| 2024-12-31 | ₩5827.83 | ₩4055.00 | x |
| 2025-12-31 | ₩5862.01 | ₩4055.00 | 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): 2.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.49%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.19x
- Recent ROE (2.35%) is below the historical average (4.18%), suggesting potential challenges in 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 |
| 2025 | 2.35% | 1.49% | 0.72x | 2.19x | ₩-18.39 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: $1,019,217,608,936
- Average return on equity (ROE) among peers: 6.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kyungin Synthe (012610) | ₩267.65 Billion | 7.04% | 1.05x | $112.67 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 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