Dongnam Chem (023450) - Net Assets
Based on the latest financial reports, Dongnam Chem (023450) has net assets worth ₩55.50 Billion KRW (≈ $37.61 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩105.54 Billion ≈ $71.52 Million USD) and total liabilities (₩50.03 Billion ≈ $33.91 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 023450 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩55.50 Billion |
| % of Total Assets | 52.59% |
| Annual Growth Rate | 0.78% |
| 5-Year Change | 9.63% |
| 10-Year Change | 0.19% |
| Growth Volatility | 17.15 |
Dongnam Chem - Net Assets Trend (2013–2024)
This chart illustrates how Dongnam Chem's net assets have evolved over time, based on quarterly financial data. Also explore 023450 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Dongnam Chem (2013–2024)
The table below shows the annual net assets of Dongnam Chem from 2013 to 2024. For live valuation and market cap data, see Dongnam Chem stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩53.74 Billion ≈ $36.42 Million |
+3.71% |
| 2023-12-31 | ₩51.82 Billion ≈ $35.12 Million |
+3.58% |
| 2022-12-31 | ₩50.03 Billion ≈ $33.90 Million |
+8.14% |
| 2021-12-31 | ₩46.26 Billion ≈ $31.35 Million |
-5.63% |
| 2020-12-31 | ₩49.02 Billion ≈ $33.22 Million |
-34.22% |
| 2019-12-31 | ₩74.52 Billion ≈ $50.50 Million |
+21.16% |
| 2018-12-31 | ₩61.51 Billion ≈ $41.68 Million |
+20.19% |
| 2017-12-31 | ₩51.18 Billion ≈ $34.68 Million |
-22.99% |
| 2016-12-31 | ₩66.45 Billion ≈ $45.04 Million |
+23.89% |
| 2015-12-31 | ₩53.64 Billion ≈ $36.35 Million |
+6.58% |
| 2014-12-31 | ₩50.33 Billion ≈ $34.11 Million |
+1.97% |
| 2013-12-31 | ₩49.35 Billion ≈ $33.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dongnam Chem'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 76.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩52.39 Billion | 97.48% |
| Other Components | ₩1.35 Billion | 2.52% |
| Total Equity | ₩53.74 Billion | 100.00% |
Dongnam Chem Competitors by Market Cap
The table below lists competitors of Dongnam Chem ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bak Ambalaj Sanayi ve Ticaret AS
IS:BAKAB
|
$69.34 Million |
|
Exagen Inc
NASDAQ:XGN
|
$69.35 Million |
|
DIGITAL CHOSUN Inc
KQ:033130
|
$69.42 Million |
|
Lee Feed Mill Public Company Limited
BK:LEE
|
$69.45 Million |
|
Wentel Engineering Holdings Berhad
KLSE:0298
|
$69.29 Million |
|
ktcs corporation
KO:058850
|
$69.29 Million |
|
BitFuFu Inc. Class A Ordinary Shares
NASDAQ:FUFU
|
$69.26 Million |
|
China Fineblanking Technology Co Ltd
TWO:1586
|
$69.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dongnam Chem's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 51,817,334,060 to 53,741,648,250, a change of 1,924,314,190 (3.7%).
- Net income of 6,713,199,720 contributed positively to equity growth.
- Dividend payments of 2,782,720,000 reduced retained earnings.
- Share repurchases of 766,616,570 reduced equity.
- Other factors decreased equity by 1,239,548,960.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩6.71 Billion | +12.49% |
| Dividends Paid | ₩2.78 Billion | -5.18% |
| Share Repurchases | ₩766.62 Million | -1.43% |
| Other Changes | ₩-1.24 Billion | -2.31% |
| Total Change | ₩- | 3.71% |
Book Value vs Market Value Analysis
This analysis compares Dongnam Chem'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: 1.95x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩15176.44 | ₩30200.00 | x |
| 2018-12-31 | ₩16983.17 | ₩30200.00 | x |
| 2019-12-31 | ₩20575.97 | ₩30200.00 | x |
| 2020-12-31 | ₩13650.16 | ₩30200.00 | x |
| 2021-12-31 | ₩12909.24 | ₩30200.00 | x |
| 2022-12-31 | ₩14252.86 | ₩30200.00 | x |
| 2023-12-31 | ₩14864.84 | ₩30200.00 | x |
| 2024-12-31 | ₩15520.38 | ₩30200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dongnam Chem 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): 12.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.60%
- • Asset Turnover: 1.92x
- • Equity Multiplier: 1.80x
- Recent ROE (12.49%) is below the historical average (12.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 4.03% | 3.28% | 1.07x | 1.15x | ₩-2.95 Billion |
| 2014 | 4.56% | 3.02% | 1.13x | 1.34x | ₩-2.74 Billion |
| 2015 | 6.45% | 4.52% | 1.12x | 1.27x | ₩-1.90 Billion |
| 2016 | 10.65% | 6.79% | 1.14x | 1.38x | ₩431.25 Million |
| 2017 | 3.16% | 1.18% | 1.50x | 1.79x | ₩-3.50 Billion |
| 2018 | 9.52% | 4.21% | 1.54x | 1.47x | ₩-294.63 Million |
| 2019 | 23.94% | 14.15% | 1.33x | 1.28x | ₩10.39 Billion |
| 2020 | 20.29% | 7.96% | 1.54x | 1.66x | ₩5.05 Billion |
| 2021 | 25.35% | 7.32% | 1.77x | 1.96x | ₩7.10 Billion |
| 2022 | 21.23% | 5.49% | 2.10x | 1.84x | ₩5.62 Billion |
| 2023 | 11.48% | 3.57% | 1.71x | 1.88x | ₩769.42 Million |
| 2024 | 12.49% | 3.60% | 1.92x | 1.80x | ₩1.34 Billion |
Industry Comparison
This section compares Dongnam Chem's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $1,249,276,842,952
- Average return on equity (ROE) among peers: 3.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dongnam Chem (023450) | ₩55.50 Billion | 4.03% | 0.90x | $69.31 Million |
| Rifa Ind (000760) | $184.79 Billion | -1.16% | 0.52x | $29.96 Million |
| Kumyang (001570) | $21.43 Billion | 0.12% | 1.54x | $428.33 Million |
| Sh E & Chemical Co. Ltd. (002360) | $64.16 Billion | 3.67% | 0.88x | $26.35 Million |
| KCC Corporation (002380) | $5.38 Trillion | -0.85% | 1.40x | $2.77 Billion |
| Miwon Commerci (002840) | $400.46 Billion | 12.62% | 0.20x | $473.99 Million |
| Taekwang Ind (003240) | $3.48 Trillion | 3.91% | 0.25x | $570.36 Million |
| Lotte Fine Chemical Co Ltd (004000) | $1.19 Trillion | 7.48% | 0.38x | $1.20 Billion |
| Dongjin Semichem Co. Ltd (005290) | $553.45 Billion | 18.66% | 1.14x | $1.97 Billion |
| Isu Chemical Co Ltd (005950) | $373.77 Billion | -15.59% | 1.93x | $193.47 Million |
| Korea Petro Chemical Ind (006650) | $842.12 Billion | 7.61% | 0.71x | $757.99 Million |
About Dongnam Chem
Dongnam Chemical Co., Ltd. manufactures and sells chemicals and surfactants in South Korea and internationally. The company was formerly known as Dongnam Industry Co., Ltd. and changed its name to Dongnam Chemical Co., Ltd. in March 2004. Dongnam Chemical Co., Ltd. was founded in 1965 and is based in Gongju-si, South Korea.