Union Materials Corp
Union Materials Corp., together with its subsidiaries, manufactures and sells ferrite magnets for motors in South Korea and internationally. The company operates through Ceramic and Ferrite segments. It offers fine ceramics products, such as alumina, silicon nitride, zirconia, and silicon carbide materials; cermet, ceramics, PCBN/PCD cutting tools, tool holders, milling cutters, endmills and dril… Read more
Union Materials Corp (047400) - Net Assets
Latest net assets as of September 2025: ₩13.90 Billion KRW
Based on the latest financial reports, Union Materials Corp (047400) has net assets worth ₩13.90 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 (₩137.87 Billion) and total liabilities (₩123.97 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 | ₩13.90 Billion |
| % of Total Assets | 10.08% |
| Annual Growth Rate | -12.42% |
| 5-Year Change | -81.45% |
| 10-Year Change | -83.75% |
| Growth Volatility | 21.4 |
Union Materials Corp - Net Assets Trend (2011–2024)
This chart illustrates how Union Materials Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Union Materials Corp (2011–2024)
The table below shows the annual net assets of Union Materials Corp from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩15.43 Billion | -75.80% |
| 2023-12-31 | ₩63.73 Billion | -23.97% |
| 2022-12-31 | ₩83.82 Billion | -0.07% |
| 2021-12-31 | ₩83.88 Billion | +0.85% |
| 2020-12-31 | ₩83.17 Billion | -3.43% |
| 2019-12-31 | ₩86.13 Billion | +9.68% |
| 2018-12-31 | ₩78.53 Billion | -13.84% |
| 2017-12-31 | ₩91.14 Billion | -8.20% |
| 2016-12-31 | ₩99.28 Billion | +4.61% |
| 2015-12-31 | ₩94.91 Billion | +2.37% |
| 2014-12-31 | ₩92.71 Billion | +1.76% |
| 2013-12-31 | ₩91.11 Billion | +4.13% |
| 2012-12-31 | ₩87.49 Billion | +1.09% |
| 2011-12-31 | ₩86.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Union Materials Corp'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 3553504196000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩50.96 Billion | 330.36% |
| Total Equity | ₩15.43 Billion | 100.00% |
Union Materials Corp Competitors by Market Cap
The table below lists competitors of Union Materials Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Foods & Inns Limited
NSE:FOODSIN
|
$27.08 Million |
|
Topview Optronics Corporation
TWO:6556
|
$27.10 Million |
|
Cell MedX Corp
OTCQB:CMXC
|
$27.10 Million |
|
SKY LIGHT HOLDINGS LTD
F:27L
|
$27.11 Million |
|
HYUNDAI BIOLAND Co.Ltd
KQ:052260
|
$27.04 Million |
|
International Gas Product Shipping JSC
VN:GSP
|
$27.03 Million |
|
Development Advance Solution Co Ltd
KO:058730
|
$27.03 Million |
|
GEA Grenobl. Elect.
PA:GEA
|
$27.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Materials Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 63,730,656,150 to 15,425,888,240, a change of -48,304,767,910 (-75.8%).
- Net loss of 46,475,655,490 reduced equity.
- Other factors decreased equity by 1,829,112,420.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-46.48 Billion | -301.28% |
| Other Changes | ₩-1.83 Billion | -11.86% |
| Total Change | ₩- | -75.80% |
Book Value vs Market Value Analysis
This analysis compares Union Materials Corp'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: 4.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.69x to 4.30x 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 | ₩2300.72 | ₩1578.00 | x |
| 2018-12-31 | ₩1996.80 | ₩1578.00 | x |
| 2019-12-31 | ₩2045.26 | ₩1578.00 | x |
| 2020-12-31 | ₩1980.31 | ₩1578.00 | x |
| 2021-12-31 | ₩1997.16 | ₩1578.00 | x |
| 2022-12-31 | ₩1995.74 | ₩1578.00 | x |
| 2023-12-31 | ₩1517.40 | ₩1578.00 | x |
| 2024-12-31 | ₩367.28 | ₩1578.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Materials Corp 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): -301.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -42.89%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 8.96x
- Recent ROE (-301.28%) is below the historical average (-21.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 7.32% | 7.08% | 0.66x | 1.57x | ₩-2.31 Billion |
| 2012 | 4.77% | 4.22% | 0.69x | 1.65x | ₩-4.55 Billion |
| 2013 | 5.91% | 5.47% | 0.68x | 1.59x | ₩-3.71 Billion |
| 2014 | 3.88% | 3.38% | 0.72x | 1.59x | ₩-5.65 Billion |
| 2015 | 5.40% | 4.79% | 0.73x | 1.54x | ₩-4.35 Billion |
| 2016 | 6.76% | 6.24% | 0.74x | 1.46x | ₩-3.20 Billion |
| 2017 | -0.89% | -0.74% | 0.78x | 1.55x | ₩-9.89 Billion |
| 2018 | -11.24% | -7.83% | 0.78x | 1.84x | ₩-16.62 Billion |
| 2019 | 2.71% | 2.13% | 0.62x | 2.04x | ₩-6.26 Billion |
| 2020 | -1.62% | -1.44% | 0.51x | 2.22x | ₩-9.66 Billion |
| 2021 | 0.65% | 0.46% | 0.63x | 2.23x | ₩-7.84 Billion |
| 2022 | -0.26% | -0.17% | 0.62x | 2.44x | ₩-8.60 Billion |
| 2023 | -28.32% | -15.50% | 0.62x | 2.94x | ₩-24.42 Billion |
| 2024 | -301.28% | -42.89% | 0.78x | 8.96x | ₩-48.02 Billion |
Industry Comparison
This section compares Union Materials Corp's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $158,416,984,790
- Average return on equity (ROE) among peers: 5.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Materials Corp (047400) | ₩13.90 Billion | 7.32% | 8.92x | $27.07 Million |
| Cs Holdings (000590) | $169.68 Billion | 3.86% | 0.13x | $9.85 Million |
| Cheil Grinding (001560) | $76.84 Billion | 7.00% | 0.28x | $11.95 Million |
| Keyang Elec Ma (012200) | $144.34 Billion | 3.32% | 0.21x | $75.59 Million |
| Keyang Electric Machinery Co Ltd (012205) | $182.37 Billion | 4.76% | 0.39x | $55.86 Million |
| YG-1 Co. Ltd (019210) | $36.09 Billion | 8.71% | 1.52x | $169.23 Million |
| Korea Parts & Fasteners Co.Ltd (024880) | $126.69 Billion | 8.71% | 2.00x | $52.16 Million |
| Iljin Diamond (081000) | $531.85 Billion | 1.88% | 0.12x | $63.53 Million |
| Seoam Machinery Industry Co.Ltd (100660) | $55.29 Billion | 2.53% | 0.14x | $15.33 Million |
| Chosun Welding (120030) | $102.62 Billion | 11.46% | 0.12x | $19.90 Million |