Kiwoom
Kiwoom Securities Co., Ltd., together with its subsidiaries, provides online brokerage services in South Korea and internationally. The company offers online trading system to trade in foreign stock, local and overseas futures, and F/X margin trading, as well as equity, futures, and option deals. It also provides derivatives and futures trading services; and equity capital market services, such a… Read more
Kiwoom (039490) - Net Assets
Latest net assets as of September 2025: ₩6.43 Trillion KRW
Based on the latest financial reports, Kiwoom (039490) has net assets worth ₩6.43 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 (₩72.33 Trillion) and total liabilities (₩65.89 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 | ₩6.43 Trillion |
| % of Total Assets | 8.89% |
| Annual Growth Rate | 22.6% |
| 5-Year Change | 95.22% |
| 10-Year Change | 407.45% |
| Growth Volatility | 60.96 |
Kiwoom - Net Assets Trend (2000–2024)
This chart illustrates how Kiwoom's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kiwoom (2000–2024)
The table below shows the annual net assets of Kiwoom from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩5.63 Trillion | +14.84% |
| 2023-12-31 | ₩4.90 Trillion | +6.77% |
| 2022-12-31 | ₩4.59 Trillion | +6.77% |
| 2021-12-31 | ₩4.30 Trillion | +49.12% |
| 2020-12-31 | ₩2.88 Trillion | +27.74% |
| 2019-12-31 | ₩2.26 Trillion | +9.33% |
| 2018-12-31 | ₩2.07 Trillion | +33.52% |
| 2017-12-31 | ₩1.55 Trillion | +23.97% |
| 2016-12-31 | ₩1.25 Trillion | +12.45% |
| 2015-12-31 | ₩1.11 Trillion | +20.13% |
| 2014-12-31 | ₩923.85 Billion | +171.96% |
| 2013-12-31 | ₩-1.28 Trillion | -249.18% |
| 2012-12-31 | ₩860.59 Billion | +4.69% |
| 2011-12-31 | ₩822.05 Billion | +17.46% |
| 2010-12-31 | ₩699.83 Billion | -2.95% |
| 2009-12-31 | ₩721.09 Billion | +54.81% |
| 2008-12-31 | ₩465.80 Billion | +32.32% |
| 2007-12-31 | ₩352.04 Billion | +110.62% |
| 2006-12-31 | ₩167.14 Billion | +28.26% |
| 2005-12-31 | ₩130.31 Billion | +58.64% |
| 2004-12-31 | ₩82.15 Billion | +20.06% |
| 2003-12-31 | ₩68.42 Billion | +23.10% |
| 2002-12-31 | ₩55.58 Billion | +7.98% |
| 2001-12-31 | ₩51.48 Billion | +21.50% |
| 2000-12-31 | ₩42.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kiwoom'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 453720231895000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩4.54 Trillion | 81.20% |
| Other Components | ₩1.05 Trillion | 18.80% |
| Total Equity | ₩5.59 Trillion | 100.00% |
Kiwoom Competitors by Market Cap
The table below lists competitors of Kiwoom ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fresenius Medical Care Corporation
NYSE:FMS
|
$4.49 Billion |
|
VÃ¥r Energi AS
PINK:VARRY
|
$4.49 Billion |
|
Hargreaves Lansdown plc
PINK:HRGLF
|
$4.49 Billion |
|
WHITE MTNS INS. GRP DL 1
F:WNI
|
$4.49 Billion |
|
Axos Financial Inc
NYSE:AX
|
$4.49 Billion |
|
Belden Inc
NYSE:BDC
|
$4.48 Billion |
|
Macy’s Inc
NYSE:M
|
$4.48 Billion |
|
Tele2 AB
PINK:TLTZY
|
$4.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kiwoom's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,860,690,544,560 to 5,587,733,020,890, a change of 727,042,476,330 (15.0%).
- Net income of 835,047,385,100 contributed positively to equity growth.
- Dividend payments of 88,098,525,140 reduced retained earnings.
- Share repurchases of 80,558,100,100 reduced equity.
- Other factors increased equity by 60,651,716,470.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩835.05 Billion | +14.94% |
| Dividends Paid | ₩88.10 Billion | -1.58% |
| Share Repurchases | ₩80.56 Billion | -1.44% |
| Other Changes | ₩60.65 Billion | +1.09% |
| Total Change | ₩- | 14.96% |
Book Value vs Market Value Analysis
This analysis compares Kiwoom'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: 1.89x
- 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 6.44x to 1.89x 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 | ₩68988.16 | ₩444000.00 | x |
| 2018-12-31 | ₩92377.65 | ₩444000.00 | x |
| 2019-12-31 | ₩103425.45 | ₩444000.00 | x |
| 2020-12-31 | ₩121414.86 | ₩444000.00 | x |
| 2021-12-31 | ₩165836.74 | ₩444000.00 | x |
| 2022-12-31 | ₩183566.37 | ₩444000.00 | x |
| 2023-12-31 | ₩198735.41 | ₩444000.00 | x |
| 2024-12-31 | ₩234962.71 | ₩444000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kiwoom 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): 14.94%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.70%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 9.97x
- Recent ROE (14.94%) is below the historical average (15.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 17.70% | 12.10% | 0.23x | 6.32x | ₩3.96 Billion |
| 2002 | 11.89% | 4.75% | 0.47x | 5.32x | ₩1.05 Billion |
| 2003 | 12.01% | 7.38% | 0.31x | 5.21x | ₩1.26 Billion |
| 2004 | 9.04% | 5.07% | 0.27x | 6.49x | ₩-737.26 Million |
| 2005 | 38.12% | 20.95% | 0.27x | 6.66x | ₩35.38 Billion |
| 2006 | 26.88% | 16.63% | 0.24x | 6.70x | ₩27.57 Billion |
| 2007 | 25.49% | 20.10% | 0.34x | 3.72x | ₩54.51 Billion |
| 2008 | 12.05% | 15.14% | 0.20x | 3.89x | ₩9.26 Billion |
| 2009 | 11.63% | 19.26% | 0.17x | 3.52x | ₩11.47 Billion |
| 2010 | 15.82% | 25.05% | 0.13x | 5.02x | ₩40.16 Billion |
| 2011 | 15.78% | 30.22% | 0.11x | 4.73x | ₩46.51 Billion |
| 2012 | 6.15% | 14.58% | 0.08x | 5.02x | ₩-32.21 Billion |
| 2013 | 4.27% | 12.31% | 0.07x | 4.98x | ₩-48.65 Billion |
| 2014 | 8.24% | 17.65% | 0.09x | 5.14x | ₩-16.13 Billion |
| 2015 | 17.20% | 25.37% | 0.12x | 5.58x | ₩79.41 Billion |
| 2016 | 14.49% | 37.10% | 0.05x | 7.12x | ₩55.86 Billion |
| 2017 | 15.76% | 39.21% | 0.05x | 7.60x | ₩87.77 Billion |
| 2018 | 9.46% | 30.62% | 0.03x | 8.93x | ₩-10.93 Billion |
| 2019 | 16.24% | 40.66% | 0.04x | 10.46x | ₩139.38 Billion |
| 2020 | 24.62% | 44.07% | 0.04x | 13.16x | ₩417.70 Billion |
| 2021 | 21.19% | 45.90% | 0.04x | 10.62x | ₩477.19 Billion |
| 2022 | 11.14% | 37.39% | 0.03x | 10.54x | ₩51.72 Billion |
| 2023 | 8.98% | 23.60% | 0.04x | 10.71x | ₩-49.79 Billion |
| 2024 | 14.94% | 40.70% | 0.04x | 9.97x | ₩276.27 Billion |
Industry Comparison
This section compares Kiwoom's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $574,142,101,149
- Average return on equity (ROE) among peers: 0.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kiwoom (039490) | ₩6.43 Trillion | 17.70% | 10.24x | $4.49 Billion |
| Eugene Inv&Sec (001200) | $495.10 Billion | 0.00% | 6.49x | $202.34 Million |
| Bookook Sec (001270) | $383.10 Billion | 1.54% | 0.69x | $176.21 Million |
| Bookook Securities Co Ltd (001275) | $479.32 Billion | 7.80% | 1.90x | $84.47 Million |
| Sangsangin Investment & Securities Co Ltd (001290) | $150.09 Billion | -2.87% | 2.73x | $28.17 Million |
| Shinyoung Securities Co. Ltd. (001720) | $1.83 Trillion | 5.93% | 4.66x | $417.22 Million |
| Hanyang Sec (001750) | $294.71 Billion | 7.52% | 5.18x | $114.52 Million |
| Hanyang Securities Co Ltd (001755) | $269.85 Billion | 1.72% | 5.84x | $114.52 Million |
| Yuhwa Sec (003460) | $457.55 Billion | 1.67% | 0.38x | $52.28 Million |
| Yuhwa Securities Co Ltd (003465) | $459.41 Billion | 1.72% | 0.38x | $49.53 Million |
| Yuanta Sec Kor (003470) | $919.59 Billion | -18.47% | 6.77x | $301.53 Million |