Dongwon System
Dongwon Systems Corporation, a packaging company, manufactures and markets packaging materials in South Korea. The company offers flexible packaging products for food, beverage, and non-food packaging applications; glass bottles; aluminum cans, such as two-piece steel can bodies and bottle cans; and PET bottles, including non-pressure, heat resistance, heat pressure resistance, and pressure resis… Read more
Dongwon System (014820) - Net Assets
Latest net assets as of September 2025: ₩846.18 Billion KRW
Based on the latest financial reports, Dongwon System (014820) has net assets worth ₩846.18 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 (₩1.55 Trillion) and total liabilities (₩701.13 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 | ₩846.18 Billion |
| % of Total Assets | 54.69% |
| Annual Growth Rate | 13.7% |
| 5-Year Change | 35.68% |
| 10-Year Change | 168.58% |
| Growth Volatility | 32.65 |
Dongwon System - Net Assets Trend (2009–2024)
This chart illustrates how Dongwon System's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dongwon System (2009–2024)
The table below shows the annual net assets of Dongwon System from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩836.43 Billion | +8.06% |
| 2023-12-31 | ₩774.05 Billion | +6.09% |
| 2022-12-31 | ₩729.63 Billion | +9.66% |
| 2021-12-31 | ₩665.37 Billion | +7.93% |
| 2020-12-31 | ₩616.46 Billion | +7.44% |
| 2019-12-31 | ₩573.76 Billion | +6.94% |
| 2018-12-31 | ₩536.53 Billion | +9.44% |
| 2017-12-31 | ₩490.26 Billion | +26.83% |
| 2016-12-31 | ₩386.54 Billion | +24.12% |
| 2015-12-31 | ₩311.43 Billion | +26.80% |
| 2014-12-31 | ₩245.61 Billion | +19.42% |
| 2013-12-31 | ₩205.67 Billion | +130.42% |
| 2012-12-31 | ₩89.26 Billion | -1.48% |
| 2011-12-31 | ₩90.60 Billion | -19.90% |
| 2010-12-31 | ₩113.11 Billion | -7.26% |
| 2009-12-31 | ₩121.96 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dongwon System'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 43550101627000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩435.50 Billion | 52.15% |
| Other Components | ₩399.60 Billion | 47.85% |
| Total Equity | ₩835.10 Billion | 100.00% |
Dongwon System Competitors by Market Cap
The table below lists competitors of Dongwon System ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BGF Retail Co Ltd
KO:027410
|
$85.64 Million |
|
Kamada
NASDAQ:KMDA
|
$85.65 Million |
|
Veedol Corporation Limited
NSE:VEEDOL
|
$85.70 Million |
|
Bellevue Group AG
SW:BBN
|
$85.72 Million |
|
Aurelius Technologies Bhd
KLSE:5302
|
$85.61 Million |
|
Adcock Ingram Holdings Limited
PINK:AIHLF
|
$85.61 Million |
|
Arise AB (publ)
F:A4W
|
$85.56 Million |
|
Alkim Alkali Kimya AS
IS:ALKIM
|
$85.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dongwon System's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 772,368,774,170 to 835,097,773,040, a change of 62,728,998,870 (8.1%).
- Net income of 72,413,981,490 contributed positively to equity growth.
- Dividend payments of 18,126,845,790 reduced retained earnings.
- Other factors increased equity by 8,441,863,170.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩72.41 Billion | +8.67% |
| Dividends Paid | ₩18.13 Billion | -2.17% |
| Other Changes | ₩8.44 Billion | +1.01% |
| Total Change | ₩- | 8.12% |
Book Value vs Market Value Analysis
This analysis compares Dongwon System'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: 0.87x
- 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 1.65x to 0.87x 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 | ₩15206.53 | ₩25150.00 | x |
| 2018-12-31 | ₩16699.96 | ₩25150.00 | x |
| 2019-12-31 | ₩17848.27 | ₩25150.00 | x |
| 2020-12-31 | ₩19057.79 | ₩25150.00 | x |
| 2021-12-31 | ₩22868.30 | ₩25150.00 | x |
| 2022-12-31 | ₩25112.88 | ₩25150.00 | x |
| 2023-12-31 | ₩26641.41 | ₩25150.00 | x |
| 2024-12-31 | ₩28805.13 | ₩25150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dongwon System 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): 8.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.43%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.86x
- Recent ROE (8.67%) is below the historical average (9.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 3.81% | 0.99% | 1.07x | 3.62x | ₩-7.00 Billion |
| 2013 | 5.09% | 1.88% | 1.01x | 2.68x | ₩-9.94 Billion |
| 2014 | 1.22% | 0.28% | 0.67x | 6.39x | ₩-15.41 Billion |
| 2015 | 14.26% | 2.55% | 0.96x | 5.85x | ₩9.26 Billion |
| 2016 | 21.35% | 4.45% | 0.99x | 4.83x | ₩30.75 Billion |
| 2017 | 17.69% | 5.33% | 1.09x | 3.05x | ₩29.73 Billion |
| 2018 | 12.58% | 5.21% | 0.91x | 2.65x | ₩10.97 Billion |
| 2019 | 8.41% | 3.66% | 0.90x | 2.54x | ₩-7.22 Billion |
| 2020 | 10.63% | 4.77% | 0.86x | 2.59x | ₩3.03 Billion |
| 2021 | 6.01% | 3.19% | 0.84x | 2.25x | ₩-26.43 Billion |
| 2022 | 9.94% | 5.03% | 0.99x | 1.99x | ₩-468.94 Million |
| 2023 | 8.31% | 5.03% | 0.83x | 1.99x | ₩-13.04 Billion |
| 2024 | 8.67% | 5.43% | 0.86x | 1.86x | ₩-11.10 Billion |
Industry Comparison
This section compares Dongwon System's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $135,924,928,665
- Average return on equity (ROE) among peers: 8.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dongwon System (014820) | ₩846.18 Billion | 3.81% | 0.83x | $85.64 Million |
| Shin Hwa Silup (001770) | $51.46 Billion | 21.03% | 0.72x | $7.22 Million |
| Export Packing (002200) | $216.92 Billion | -2.43% | 0.38x | $37.81 Million |
| Shin Poong Pap (002870) | $52.23 Billion | 16.72% | 2.20x | $13.09 Million |
| Sam Young Chem (003720) | $52.10 Billion | 5.19% | 1.61x | $118.93 Million |
| NPC Co. Ltd (004250) | $45.33 Billion | 10.07% | 0.26x | $36.66 Million |
| National Plastic Co Ltd Preferred (004255) | $261.01 Billion | 4.54% | 0.51x | $21.26 Million |
| Samhwa Crown (004450) | $115.04 Billion | 6.86% | 0.24x | $6.79 Million |
| Daeryuk Can Co. Ltd (004780) | $100.06 Billion | 9.61% | 0.54x | $19.33 Million |
| Wonlim Corp. (005820) | $143.93 Billion | 5.00% | 0.18x | $7.14 Million |
| Youlchon Chem (008730) | $321.19 Billion | 6.51% | 0.64x | $182.52 Million |