COWAY Co. Ltd

KO:021240 Korea Furnishings, Fixtures & Appliances
Market Cap
$3.67 Billion
₩5.37 Trillion KRW
Market Cap Rank
#4198 Global
#81 in Korea
Share Price
₩74800.00
Change (1 day)
+1.22%
52-Week Range
₩70000.00 - ₩113200.00
All Time High
₩113200.00
Categories
Companies in Korea Furnishings, Fixtures & Appliances
About

COWAY Co., Ltd. engages in the production and sale of environmental home appliances in South Korea and internationally. The company provides air purifiers, water purifiers, bidets, juicers, water softeners, electric range, dehumidifier, humidifiers, kitchen/home appliances, mattress/massage chair, and filter/consumables; and Smart Air Care service, which provides customized solution for air condi… Read more

COWAY Co. Ltd (021240) - Net Assets

Latest net assets as of September 2025: ₩3.43 Trillion KRW

Based on the latest financial reports, COWAY Co. Ltd (021240) has net assets worth ₩3.43 Trillion KRW as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩6.69 Trillion) and total liabilities (₩3.27 Trillion). 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 ₩3.43 Trillion
% of Total Assets 51.2%
Annual Growth Rate 11.17%
5-Year Change 114.5%
10-Year Change 158.12%
Growth Volatility 16.5

COWAY Co. Ltd - Net Assets Trend (2007–2024)

This chart illustrates how COWAY Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for COWAY Co. Ltd (2007–2024)

The table below shows the annual net assets of COWAY Co. Ltd from 2007 to 2024.

Year Net Assets Change
2024-12-31 ₩3.20 Trillion +21.17%
2023-12-31 ₩2.64 Trillion +14.09%
2022-12-31 ₩2.31 Trillion +21.40%
2021-12-31 ₩1.90 Trillion +27.81%
2020-12-31 ₩1.49 Trillion +38.32%
2019-12-31 ₩1.08 Trillion -0.97%
2018-12-31 ₩1.09 Trillion +10.73%
2017-12-31 ₩982.26 Billion -16.99%
2016-12-31 ₩1.18 Trillion -4.43%
2015-12-31 ₩1.24 Trillion +19.13%
2014-12-31 ₩1.04 Trillion +10.47%
2013-12-31 ₩940.89 Billion +19.85%
2012-12-31 ₩785.08 Billion +6.39%
2011-12-31 ₩737.90 Billion -21.76%
2010-12-31 ₩943.17 Billion +12.30%
2009-12-31 ₩839.86 Billion +11.35%
2008-12-31 ₩754.26 Billion +42.75%
2007-12-31 ₩528.38 Billion --

Equity Component Analysis

This analysis shows how different components contribute to COWAY Co. Ltd'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 60188.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩2.96 Trillion 92.68%
Other Components ₩234.18 Billion 7.32%
Total Equity ₩3.20 Trillion 100.00%

COWAY Co. Ltd Competitors by Market Cap

The table below lists competitors of COWAY Co. Ltd ranked by their market capitalization.

Company Market Cap
Seacoast Banking Corporation of Florida
NASDAQ:SBCF
 		$2.70 Billion
PT Sumber Alfaria Trijaya Tbk
PINK:PSBAF
 		$2.70 Billion
NOBA Bank
ST:NOBA
 		$2.70 Billion
HOLMEN AB A SK 25
F:HL9D
 		$2.70 Billion
IGO Limited
PINK:IIDDY
 		$2.70 Billion
DiGi.Com Bhd
KLSE:6947
 		$2.69 Billion
Ventia Services Group Ltd
AU:VNT
 		$2.69 Billion
Remitly Global Inc
NASDAQ:RELY
 		$2.69 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in COWAY Co. Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,639,888,749,610 to 3,198,397,576,980, a change of 558,508,827,370 (21.2%).
  • Net income of 565,600,031,100 contributed positively to equity growth.
  • Dividend payments of 97,961,055,750 reduced retained earnings.
  • Share repurchases of 36,891,968,480 reduced equity.
  • Other factors increased equity by 127,761,820,500.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩565.60 Billion +17.68%
Dividends Paid ₩97.96 Billion -3.06%
Share Repurchases ₩36.89 Billion -1.15%
Other Changes ₩127.76 Billion +3.99%
Total Change ₩- 21.16%

Book Value vs Market Value Analysis

This analysis compares COWAY Co. Ltd'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: 1.68x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 5.49x to 1.68x 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 ₩13619.10 ₩74800.00 x
2018-12-31 ₩15074.33 ₩74800.00 x
2019-12-31 ₩14931.20 ₩74800.00 x
2020-12-31 ₩20553.91 ₩74800.00 x
2021-12-31 ₩26268.15 ₩74800.00 x
2022-12-31 ₩31890.19 ₩74800.00 x
2023-12-31 ₩36380.27 ₩74800.00 x
2024-12-31 ₩44478.32 ₩74800.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently COWAY Co. Ltd 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): 17.68%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.12%
  • • Asset Turnover: 0.75x
  • • Equity Multiplier: 1.80x
  • Recent ROE (17.68%) is below the historical average (23.62%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2007 21.97% 9.54% 1.30x 1.78x ₩63.27 Billion
2008 21.34% 5.72% 1.42x 2.63x ₩67.66 Billion
2009 22.47% 6.65% 1.27x 2.65x ₩84.84 Billion
2010 23.21% 7.01% 1.25x 2.65x ₩100.98 Billion
2011 22.64% 9.16% 1.12x 2.20x ₩93.26 Billion
2012 11.98% 4.72% 1.14x 2.24x ₩15.53 Billion
2013 26.05% 11.57% 1.27x 1.77x ₩150.99 Billion
2014 24.04% 11.56% 1.33x 1.56x ₩145.84 Billion
2015 27.73% 14.82% 1.30x 1.43x ₩219.41 Billion
2016 20.60% 10.25% 1.21x 1.66x ₩125.37 Billion
2017 33.20% 12.96% 1.17x 2.20x ₩227.86 Billion
2018 32.19% 12.94% 1.14x 2.19x ₩241.43 Billion
2019 30.88% 11.03% 1.06x 2.65x ₩225.11 Billion
2020 27.15% 12.51% 1.07x 2.03x ₩255.76 Billion
2021 24.43% 12.71% 0.96x 1.99x ₩275.07 Billion
2022 19.80% 11.88% 0.88x 1.89x ₩226.79 Billion
2023 17.85% 11.88% 0.82x 1.84x ₩207.31 Billion
2024 17.68% 13.12% 0.75x 1.80x ₩245.76 Billion

Industry Comparison

This section compares COWAY Co. Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.

Industry Context

  • Industry: Furnishings, Fixtures & Appliances
  • Average net assets among peers: $190,841,839,766
  • Average return on equity (ROE) among peers: 1.78%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
COWAY Co. Ltd (021240) ₩3.43 Trillion 21.97% 0.95x $2.70 Billion
Shinil Electronics Co (002700) $45.90 Billion -17.95% 0.73x $56.04 Million
Ace Bed Company Limited (003800) $324.88 Billion 7.32% 0.08x $40.63 Million
Hankook Furniture Co. Ltd (004590) $93.05 Billion 5.89% 0.19x $17.58 Million
Hanssem (009240) $133.40 Billion 11.68% 1.12x $183.78 Million
Enex Co.Ltd (011090) $45.26 Billion -19.65% 1.50x $13.31 Million
Zinus Inc (013890) $374.14 Billion 19.36% 1.02x $96.34 Million
Fursys (016800) $497.51 Billion 9.07% 0.16x $74.32 Million
PN Poong Nyun Co. Ltd (024940) $49.28 Billion 3.22% 0.15x $17.83 Million
Hansol Homedec (025750) $154.17 Billion -2.96% 0.92x $16.88 Million