Dae Won Chem
DAEWON Chemical Co., Ltd. manufactures and supplies synthetic leather for use in shoes, balls, and vehicle interiors in South Korea. It also offers TV and monitor bezel less foam PAD tape; thermal conductive tape; poron and conductive tape; composite graphite and thermal conductive tape; LVDS FFC cable matching tape; double coated adhesive tape; ETC functional tape; light shielding tape; and whit… Read more
Dae Won Chem (024890) - Net Assets
Latest net assets as of September 2025: ₩36.96 Billion KRW
Based on the latest financial reports, Dae Won Chem (024890) has net assets worth ₩36.96 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 (₩131.56 Billion) and total liabilities (₩94.60 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 | ₩36.96 Billion |
| % of Total Assets | 28.09% |
| Annual Growth Rate | -0.91% |
| 5-Year Change | -44.87% |
| 10-Year Change | -34.7% |
| Growth Volatility | 15.86 |
Dae Won Chem - Net Assets Trend (2008–2024)
This chart illustrates how Dae Won Chem's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dae Won Chem (2008–2024)
The table below shows the annual net assets of Dae Won Chem from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩41.91 Billion | -20.67% |
| 2023-12-31 | ₩52.84 Billion | -15.40% |
| 2022-12-31 | ₩62.46 Billion | -12.05% |
| 2021-12-31 | ₩71.01 Billion | -6.59% |
| 2020-12-31 | ₩76.03 Billion | -4.28% |
| 2019-12-31 | ₩79.43 Billion | +6.13% |
| 2018-12-31 | ₩74.84 Billion | +3.38% |
| 2017-12-31 | ₩72.40 Billion | +1.78% |
| 2016-12-31 | ₩71.13 Billion | +10.82% |
| 2015-12-31 | ₩64.18 Billion | +42.01% |
| 2014-12-31 | ₩45.20 Billion | +25.57% |
| 2013-12-31 | ₩35.99 Billion | +1.05% |
| 2012-12-31 | ₩35.62 Billion | -7.32% |
| 2011-12-31 | ₩38.43 Billion | -20.26% |
| 2010-12-31 | ₩48.20 Billion | -7.27% |
| 2009-12-31 | ₩51.97 Billion | +7.07% |
| 2008-12-31 | ₩48.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dae Won 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 decreased by 496865643000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩46.83 Billion | 111.87% |
| Total Equity | ₩41.86 Billion | 100.00% |
Dae Won Chem Competitors by Market Cap
The table below lists competitors of Dae Won Chem ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SOLWERS OYJ EO 1
F:0ST
|
$10.30 Million |
|
South Star Battery Metals Corp
OTCQB:STSBF
|
$10.30 Million |
|
DUET Acquisition Corp
NASDAQ:DUET
|
$10.30 Million |
|
Echelon Resources Ltd
AU:ECH
|
$10.30 Million |
|
CIE DE LODET INH.EO 16
F:49F
|
$10.30 Million |
|
Emami Paper Mills Limited
NSE:EMAMIPAP
|
$10.29 Million |
|
Concorde International Group Ltd Class A Ordinary Shares
NASDAQ:CIGL
|
$10.29 Million |
|
AKKO Invest Nyrt
BUD:AKKO
|
$10.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dae Won Chem's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 52,801,274,830 to 41,861,454,510, a change of -10,939,820,320 (-20.7%).
- Net loss of 12,127,036,670 reduced equity.
- Other factors increased equity by 1,187,216,350.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-12.13 Billion | -28.97% |
| Other Changes | ₩1.19 Billion | +2.84% |
| Total Change | ₩- | -20.72% |
Book Value vs Market Value Analysis
This analysis compares Dae Won 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: 0.76x
- 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 increased from 0.44x to 0.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩1760.80 | ₩779.00 | x |
| 2018-12-31 | ₩1820.19 | ₩779.00 | x |
| 2019-12-31 | ₩1931.45 | ₩779.00 | x |
| 2020-12-31 | ₩1848.61 | ₩779.00 | x |
| 2021-12-31 | ₩1734.69 | ₩779.00 | x |
| 2022-12-31 | ₩1531.53 | ₩779.00 | x |
| 2023-12-31 | ₩1295.43 | ₩779.00 | x |
| 2024-12-31 | ₩1027.03 | ₩779.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dae Won 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): -28.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.63%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 3.64x
- Recent ROE (-28.97%) is below the historical average (-2.26%), 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 | -3.64% | -1.21% | 0.99x | 3.03x | ₩-4.91 Billion |
| 2014 | 12.89% | 4.43% | 1.12x | 2.60x | ₩1.31 Billion |
| 2015 | 17.89% | 7.94% | 1.14x | 1.98x | ₩5.06 Billion |
| 2016 | 10.16% | 5.81% | 0.92x | 1.90x | ₩113.94 Million |
| 2017 | 2.19% | 1.34% | 0.96x | 1.71x | ₩-5.65 Billion |
| 2018 | 3.56% | 2.32% | 0.91x | 1.69x | ₩-4.82 Billion |
| 2019 | 5.40% | 3.22% | 1.02x | 1.64x | ₩-3.66 Billion |
| 2020 | -2.86% | -2.00% | 0.84x | 1.71x | ₩-9.78 Billion |
| 2021 | -9.87% | -6.18% | 0.83x | 1.91x | ₩-14.10 Billion |
| 2022 | -15.43% | -6.56% | 1.12x | 2.10x | ₩-15.87 Billion |
| 2023 | -18.46% | -8.04% | 0.88x | 2.62x | ₩-15.03 Billion |
| 2024 | -28.97% | -9.63% | 0.83x | 3.64x | ₩-16.31 Billion |
Industry Comparison
This section compares Dae Won Chem's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $729,340,395,312
- Average return on equity (ROE) among peers: 5.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dae Won Chem (024890) | ₩36.96 Billion | -3.64% | 2.56x | $10.30 Million |
| DL Holdings CO. LTD. (000210) | $4.53 Trillion | 19.10% | 0.84x | $381.57 Million |
| Norooholdings (000320) | $402.45 Billion | 6.30% | 1.12x | $45.80 Million |
| Noroo Holdings Co Ltd (000325) | $583.54 Billion | 0.27% | 0.81x | $60.77 Million |
| Samhwa Paint (000390) | $299.72 Billion | 1.87% | 0.96x | $86.24 Million |
| Kangnam Jevisco Co Ltd (000860) | $366.15 Billion | 10.97% | 0.26x | $58.42 Million |
| Paik Kwang Ind (001340) | $204.57 Billion | 3.85% | 1.06x | $113.44 Million |
| Bo Lak (002760) | $43.76 Billion | 2.53% | 0.22x | $30.02 Million |
| Songwon Industrial (004430) | $543.25 Billion | 13.30% | 1.05x | $79.87 Million |
| Cho Kwang Pain (004910) | $172.73 Billion | -1.34% | 0.81x | $17.90 Million |
| Cosmoam&T (005070) | $147.00 Billion | -3.99% | 0.78x | $305.37 Million |