COWAY Co. Ltd (021240) - Net Assets
Based on the latest financial reports, COWAY Co. Ltd (021240) has net assets worth ₩3.82 Trillion KRW (≈ $2.59 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩7.78 Trillion ≈ $5.27 Billion USD) and total liabilities (₩3.96 Trillion ≈ $2.68 Billion 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 strategic asset allocation of COWAY Co. Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩3.82 Trillion |
| % of Total Assets | 49.12% |
| Annual Growth Rate | 11.27% |
| 5-Year Change | 89.75% |
| 10-Year Change | 205.38% |
| Growth Volatility | 16.04 |
COWAY Co. Ltd - Net Assets Trend (2007–2025)
This chart illustrates how COWAY Co. Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is COWAY Co. Ltd worth.
Annual Net Assets for COWAY Co. Ltd (2007–2025)
The table below shows the annual net assets of COWAY Co. Ltd from 2007 to 2025. Also explore 021240 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩3.61 Trillion ≈ $2.45 Billion |
+13.07% |
| 2024-12-31 | ₩3.20 Trillion ≈ $2.17 Billion |
+21.17% |
| 2023-12-31 | ₩2.64 Trillion ≈ $1.79 Billion |
+14.09% |
| 2022-12-31 | ₩2.31 Trillion ≈ $1.57 Billion |
+21.40% |
| 2021-12-31 | ₩1.90 Trillion ≈ $1.29 Billion |
+27.81% |
| 2020-12-31 | ₩1.49 Trillion ≈ $1.01 Billion |
+38.32% |
| 2019-12-31 | ₩1.08 Trillion ≈ $730.00 Million |
-0.97% |
| 2018-12-31 | ₩1.09 Trillion ≈ $737.12 Million |
+10.73% |
| 2017-12-31 | ₩982.26 Billion ≈ $665.66 Million |
-16.99% |
| 2016-12-31 | ₩1.18 Trillion ≈ $801.94 Million |
-4.43% |
| 2015-12-31 | ₩1.24 Trillion ≈ $839.13 Million |
+19.13% |
| 2014-12-31 | ₩1.04 Trillion ≈ $704.41 Million |
+10.47% |
| 2013-12-31 | ₩940.89 Billion ≈ $637.63 Million |
+19.85% |
| 2012-12-31 | ₩785.08 Billion ≈ $532.04 Million |
+6.39% |
| 2011-12-31 | ₩737.90 Billion ≈ $500.07 Million |
-21.76% |
| 2010-12-31 | ₩943.17 Billion ≈ $639.17 Million |
+12.30% |
| 2009-12-31 | ₩839.86 Billion ≈ $569.16 Million |
+11.35% |
| 2008-12-31 | ₩754.26 Billion ≈ $511.15 Million |
+42.75% |
| 2007-12-31 | ₩528.38 Billion ≈ $358.08 Million |
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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 68128.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩3.35 Trillion | 92.83% |
| Other Components | ₩259.13 Billion | 7.17% |
| Total Equity | ₩3.61 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 |
|---|---|
|
Vishal Mega Mart Ord Shs
NSE:VMM
|
$5.11 Billion |
|
Vista Oil Gas ADR
NYSE:VIST
|
$5.11 Billion |
|
Indorama Ventures PCL
BK:IVL
|
$5.12 Billion |
|
Porsche Automobil Holding SE
F:PAHA
|
$5.12 Billion |
|
CNO Financial Group Inc
NYSE:CNO
|
$5.10 Billion |
|
Bilibili Inc
F:71BA
|
$5.10 Billion |
|
VEND MARKETPLACES ASA
OL:VEND
|
$5.10 Billion |
|
MINTH GRP LTD UNSP.ADR/20
F:M3I0
|
$5.10 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 2024 to 2025, total equity changed from 3,198,397,576,980 to 3,613,727,511,060, a change of 415,329,934,080 (13.0%).
- Net income of 617,724,967,900 contributed positively to equity growth.
- Dividend payments of 189,121,019,790 reduced retained earnings.
- Share repurchases of 109,999,965,900 reduced equity.
- Other factors increased equity by 96,725,951,870.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩617.72 Billion | +17.09% |
| Dividends Paid | ₩189.12 Billion | -5.23% |
| Share Repurchases | ₩110.00 Billion | -3.04% |
| Other Changes | ₩96.73 Billion | +2.68% |
| Total Change | ₩- | 12.99% |
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: 2.12x
- 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 7.89x to 2.12x 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 | ₩107400.00 | x |
| 2018-12-31 | ₩15074.33 | ₩107400.00 | x |
| 2019-12-31 | ₩14931.20 | ₩107400.00 | x |
| 2020-12-31 | ₩20553.91 | ₩107400.00 | x |
| 2021-12-31 | ₩26268.15 | ₩107400.00 | x |
| 2022-12-31 | ₩31890.19 | ₩107400.00 | x |
| 2023-12-31 | ₩36380.27 | ₩107400.00 | x |
| 2024-12-31 | ₩44478.32 | ₩107400.00 | x |
| 2025-12-31 | ₩50690.58 | ₩107400.00 | 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): 17.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.45%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.94x
- Recent ROE (17.09%) is below the historical average (23.28%), 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 |
| 2025 | 17.09% | 12.45% | 0.71x | 1.94x | ₩256.35 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: $143,093,185,092
- Average return on equity (ROE) among peers: 5.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| COWAY Co. Ltd (021240) | ₩3.82 Trillion | 21.97% | 1.04x | $5.10 Billion |
| Shinil Electronics Co (002700) | $10.87 Billion | 13.65% | 3.18x | $44.50 Million |
| Ace Bed Company Limited (003800) | $252.03 Billion | 15.10% | 0.14x | $231.80 Million |
| Hankook Furniture Co. Ltd (004590) | $103.78 Billion | 5.85% | 0.33x | $53.67 Million |
| Hanssem (009240) | $125.47 Billion | 3.99% | 1.01x | $438.18 Million |
| Enex Co.Ltd (011090) | $45.26 Billion | -19.65% | 1.50x | $73.34 Million |
| Zinus Inc (013890) | $414.41 Billion | 11.05% | 1.16x | $113.08 Million |
| Fursys (016800) | $143.57 Billion | 12.13% | 0.20x | $163.74 Million |
| PN Poong Nyun Co. Ltd (024940) | $38.28 Billion | 14.16% | 0.37x | $13.57 Million |
| Hansol Homedec (025750) | $154.17 Billion | -2.96% | 0.92x | $20.76 Million |
About COWAY Co. Ltd
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