Seowon
Seowon Co., Ltd. manufactures and sells non-ferrous metals in South Korea. The company offers brass billets, slabs, and ingots, as well as bronze ingots; and recycles brass ash, granular brass and aluminum, clove, sludge, mill berry, oxidized copper, and grinding powder, as well as copper rods for electric wires and copper billets. Its products are used in various applications, such as cars and i… Read more
Seowon (021050) - Net Assets
Latest net assets as of September 2025: ₩340.26 Billion KRW
Based on the latest financial reports, Seowon (021050) has net assets worth ₩340.26 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 (₩1.01 Trillion) and total liabilities (₩670.18 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 | ₩340.26 Billion |
| % of Total Assets | 33.67% |
| Annual Growth Rate | 11.14% |
| 5-Year Change | 228.44% |
| 10-Year Change | 419.88% |
| Growth Volatility | 43.99 |
Seowon - Net Assets Trend (2003–2024)
This chart illustrates how Seowon's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Seowon (2003–2024)
The table below shows the annual net assets of Seowon from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩346.74 Billion | +179.64% |
| 2023-12-31 | ₩124.00 Billion | -8.98% |
| 2022-12-31 | ₩136.24 Billion | +0.19% |
| 2021-12-31 | ₩135.98 Billion | +28.80% |
| 2020-12-31 | ₩105.57 Billion | -1.94% |
| 2019-12-31 | ₩107.66 Billion | +2.26% |
| 2018-12-31 | ₩105.29 Billion | +13.00% |
| 2017-12-31 | ₩93.18 Billion | +0.68% |
| 2016-12-31 | ₩92.55 Billion | +38.77% |
| 2015-12-31 | ₩66.70 Billion | -32.56% |
| 2014-12-31 | ₩98.90 Billion | -10.87% |
| 2013-12-31 | ₩110.97 Billion | -24.10% |
| 2012-12-31 | ₩146.20 Billion | +3.40% |
| 2011-12-31 | ₩141.39 Billion | +10.91% |
| 2010-12-31 | ₩127.49 Billion | +38.96% |
| 2009-12-31 | ₩91.74 Billion | +84.47% |
| 2008-12-31 | ₩49.73 Billion | -10.81% |
| 2007-12-31 | ₩55.76 Billion | +3.51% |
| 2006-12-31 | ₩53.87 Billion | +26.56% |
| 2005-12-31 | ₩42.57 Billion | +19.76% |
| 2004-12-31 | ₩35.55 Billion | -5.72% |
| 2003-12-31 | ₩37.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seowon'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 326.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩77.16 Billion | 50.64% |
| Other Components | ₩75.21 Billion | 49.36% |
| Total Equity | ₩152.37 Billion | 100.00% |
Seowon Competitors by Market Cap
The table below lists competitors of Seowon ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Koan Hao Technology Co Ltd
TWO:8354
|
$25.62 Million |
|
Negri Sembilan Oil Palms Bhd
KLSE:2038
|
$25.62 Million |
|
TDM Berhad
KLSE:2054
|
$25.63 Million |
|
Berjaya Assets Bhd
KLSE:3239
|
$25.63 Million |
|
Plastiques du Val de Loire
PA:PVL
|
$25.60 Million |
|
The Children's Place Inc
F:CP5
|
$25.60 Million |
|
Focus Lighting and Fixtures Limited
NSE:FOCUS
|
$25.59 Million |
|
Tex Cycle Technology M Bhd
KLSE:0089
|
$25.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seowon's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 123,995,659,470 to 152,366,100,290, a change of 28,370,440,820 (22.9%).
- Net income of 49,493,972,260 contributed positively to equity growth.
- Other factors decreased equity by 21,123,531,440.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩49.49 Billion | +32.48% |
| Other Changes | ₩-21.12 Billion | -13.86% |
| Total Change | ₩- | 22.88% |
Book Value vs Market Value Analysis
This analysis compares Seowon'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: 0.39x
- 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 0.67x to 0.39x 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 | ₩1896.98 | ₩1266.00 | x |
| 2018-12-31 | ₩2158.11 | ₩1266.00 | x |
| 2019-12-31 | ₩2206.68 | ₩1266.00 | x |
| 2020-12-31 | ₩2118.28 | ₩1266.00 | x |
| 2021-12-31 | ₩2798.88 | ₩1266.00 | x |
| 2022-12-31 | ₩2869.67 | ₩1266.00 | x |
| 2023-12-31 | ₩2611.83 | ₩1266.00 | x |
| 2024-12-31 | ₩3209.42 | ₩1266.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seowon 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): 32.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.03%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 6.44x
- Recent ROE (32.48%) is above the historical average (2.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 6.88% | 1.13% | 2.22x | 2.75x | ₩-1.11 Billion |
| 2005 | 8.86% | 1.25% | 3.16x | 2.25x | ₩-446.80 Million |
| 2006 | 15.08% | 1.82% | 3.01x | 2.76x | ₩2.47 Billion |
| 2007 | 9.60% | 1.20% | 3.19x | 2.50x | ₩-200.48 Million |
| 2009 | 40.87% | 9.37% | 1.63x | 2.68x | ₩25.45 Billion |
| 2010 | 22.39% | 3.78% | 2.10x | 2.81x | ₩12.87 Billion |
| 2012 | 7.60% | 1.13% | 1.73x | 3.89x | ₩-2.82 Billion |
| 2013 | -12.64% | -1.43% | 3.07x | 2.89x | ₩-23.40 Billion |
| 2014 | -12.79% | -3.54% | 1.14x | 3.16x | ₩-20.72 Billion |
| 2015 | -85.87% | -20.77% | 1.05x | 3.95x | ₩-59.42 Billion |
| 2016 | 5.91% | 2.09% | 1.11x | 2.55x | ₩-3.58 Billion |
| 2017 | 2.09% | 0.72% | 1.21x | 2.41x | ₩-6.97 Billion |
| 2018 | 7.02% | 2.73% | 1.17x | 2.20x | ₩-2.99 Billion |
| 2019 | 3.03% | 1.21% | 1.16x | 2.17x | ₩-7.15 Billion |
| 2020 | -5.44% | -2.30% | 1.05x | 2.25x | ₩-15.52 Billion |
| 2021 | 11.12% | 5.65% | 0.89x | 2.21x | ₩1.49 Billion |
| 2022 | 0.20% | 0.10% | 1.04x | 1.95x | ₩-13.35 Billion |
| 2023 | -8.19% | -4.36% | 0.94x | 1.99x | ₩-22.56 Billion |
| 2024 | 32.48% | 4.03% | 1.25x | 6.44x | ₩34.26 Billion |
Industry Comparison
This section compares Seowon's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $173,625,291,583
- Average return on equity (ROE) among peers: 8.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seowon (021050) | ₩340.26 Billion | 6.88% | 1.97x | $25.62 Million |
| Namsun Alumini (008350) | $74.23 Billion | 33.34% | 2.50x | $103.30 Million |
| Namsun Aluminium Co Ltd (008355) | $147.81 Billion | 14.71% | 0.93x | $866.35 Million |
| Dae Chang (012800) | $215.09 Billion | 2.35% | 1.68x | $42.19 Million |
| Sung Kwang Bend Co.Ltd (014620) | $469.07 Billion | 0.97% | 0.13x | $363.40 Million |
| Lee Ku Ind (025820) | $108.92 Billion | 1.97% | 1.52x | $57.19 Million |
| Nara Mold & Die Co. Ltd (051490) | $73.83 Billion | 5.99% | 1.13x | $23.31 Million |
| Posco C&C Stl (058430) | $204.96 Billion | 15.18% | 0.98x | $79.60 Million |
| Haisung TPC Co. Ltd. (059270) | $39.89 Billion | -1.95% | 0.09x | $56.97 Million |
| Kishin Corporation (092440) | $228.83 Billion | 8.10% | 0.07x | $13.16 Million |