Seowon (021050) - Net Assets

Latest as of December 2025: ₩341.49 Billion KRW ≈ $231.43 Million USD

Based on the latest financial reports, Seowon (021050) has net assets worth ₩341.49 Billion KRW (≈ $231.43 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.08 Trillion ≈ $731.35 Million USD) and total liabilities (₩737.69 Billion ≈ $499.92 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 Seowon to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩341.49 Billion
% of Total Assets	31.64%
Annual Growth Rate	10.53%
5-Year Change	151.14%
10-Year Change	268.98%
Growth Volatility	43.15

Seowon - Net Assets Trend (2003–2025)

This chart illustrates how Seowon's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Seowon to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Seowon (2003–2025)

The table below shows the annual net assets of Seowon from 2003 to 2025. For live valuation and market cap data, see 021050 market cap overview.

Year	Net Assets	Change
2025-12-31	₩341.49 Billion ≈ $231.43 Million	-1.51%
2024-12-31	₩346.74 Billion ≈ $234.98 Million	+179.64%
2023-12-31	₩124.00 Billion ≈ $84.03 Million	-8.98%
2022-12-31	₩136.24 Billion ≈ $92.33 Million	+0.19%
2021-12-31	₩135.98 Billion ≈ $92.15 Million	+28.80%
2020-12-31	₩105.57 Billion ≈ $71.54 Million	-1.94%
2019-12-31	₩107.66 Billion ≈ $72.96 Million	+2.26%
2018-12-31	₩105.29 Billion ≈ $71.35 Million	+13.00%
2017-12-31	₩93.18 Billion ≈ $63.15 Million	+0.68%
2016-12-31	₩92.55 Billion ≈ $62.72 Million	+38.77%
2015-12-31	₩66.70 Billion ≈ $45.20 Million	-32.56%
2014-12-31	₩98.90 Billion ≈ $67.02 Million	-10.87%
2013-12-31	₩110.97 Billion ≈ $75.20 Million	-24.10%
2012-12-31	₩146.20 Billion ≈ $99.08 Million	+3.40%
2011-12-31	₩141.39 Billion ≈ $95.82 Million	+10.91%
2010-12-31	₩127.49 Billion ≈ $86.40 Million	+38.96%
2009-12-31	₩91.74 Billion ≈ $62.17 Million	+84.47%
2008-12-31	₩49.73 Billion ≈ $33.70 Million	-10.81%
2007-12-31	₩55.76 Billion ≈ $37.79 Million	+3.51%
2006-12-31	₩53.87 Billion ≈ $36.51 Million	+26.56%
2005-12-31	₩42.57 Billion ≈ $28.85 Million	+19.76%
2004-12-31	₩35.55 Billion ≈ $24.09 Million	-5.72%
2003-12-31	₩37.70 Billion ≈ $25.55 Million	--

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 293.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩71.11 Billion	48.74%
Other Components	₩74.77 Billion	51.26%
Total Equity	₩145.88 Billion	100.00%

Seowon Competitors by Market Cap

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

Company	Market Cap
OCA Acquisition Corp NASDAQ:OCAX	$38.26 Million
Enegex Ltd AU:ENX	$38.27 Million
Freelancer Ltd AU:FLN	$38.29 Million
RenovoRx Inc NASDAQ:RNXT	$38.29 Million
Dividend Select 15 Corp TO:DS	$38.24 Million
Wilton Makmur Indonesia Tbk JK:SQMI	$38.24 Million
Total Soft Bank Ltd KQ:045340	$38.23 Million
Touax SCA PA:TOUP	$38.23 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 2024 to 2025, total equity changed from 152,366,100,290 to 145,880,915,510, a change of -6,485,184,780 (-4.3%).
Net loss of 5,639,133,990 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩-5.64 Billion	-3.87%
Other Changes	₩-846.05 Million	-0.58%
Total Change	₩-	-4.26%

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 0.63x 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	₩1189.00	x
2018-12-31	₩2158.11	₩1189.00	x
2019-12-31	₩2206.68	₩1189.00	x
2020-12-31	₩2118.28	₩1189.00	x
2021-12-31	₩2798.88	₩1189.00	x
2022-12-31	₩2869.67	₩1189.00	x
2023-12-31	₩2611.83	₩1189.00	x
2024-12-31	₩3209.42	₩1189.00	x
2025-12-31	₩3072.82	₩1189.00	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): -3.87%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.33%
• Asset Turnover: 1.59x
• Equity Multiplier: 7.40x
Recent ROE (-3.87%) is below the historical average (2.22%), suggesting potential challenges in 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
2025	-3.87%	-0.33%	1.59x	7.40x	₩-20.23 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: $171,126,250,280
Average return on equity (ROE) among peers: 6.20%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Seowon (021050)	₩341.49 Billion	6.88%	2.16x	$38.25 Million
Namsun Alumini (008350)	$189.54 Billion	5.56%	0.56x	$105.76 Million
Namsun Aluminium Co Ltd (008355)	$74.23 Billion	33.34%	2.50x	$2.09 Million
Dae Chang (012800)	$185.42 Billion	-10.15%	2.55x	$65.84 Million
Sung Kwang Bend Co.Ltd (014620)	$371.88 Billion	14.62%	0.37x	$562.42 Million
Daedong Metals Co. Ltd (020400)	$35.98 Billion	4.24%	1.95x	$14.67 Million
Lee Ku Ind (025820)	$101.22 Billion	-3.32%	1.60x	$105.61 Million
Essen Tech Co. Ltd (043340)	$30.05 Billion	6.70%	0.60x	$51.38 Million
Taewoong Co.Ltd (044490)	$475.56 Billion	1.50%	0.62x	$539.64 Million
Nara Mold & Die Co. Ltd (051490)	$76.24 Billion	3.31%	1.24x	$25.11 Million

About Seowon

KO:021050 Korea Metal Fabrication

Market Cap

$38.25 Million

₩56.45 Billion KRW

Market Cap Rank

#22929 Global

#1506 in Korea

Share Price

₩1189.00

Change (1 day)

-2.22%

52-Week Range

₩1020.00 - ₩1849.00

All Time High

₩4319.66