TAPEX INC (055490) - Net Assets
Based on the latest financial reports, TAPEX INC (055490) has net assets worth ₩153.63 Billion KRW (≈ $104.12 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 (₩192.83 Billion ≈ $130.68 Million USD) and total liabilities (₩39.20 Billion ≈ $26.56 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 how resilient are TAPEX INC's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩153.63 Billion |
| % of Total Assets | 79.67% |
| Annual Growth Rate | 10.14% |
| 5-Year Change | 35.14% |
| 10-Year Change | N/A |
| Growth Volatility | 24.72 |
TAPEX INC - Net Assets Trend (2016–2024)
This chart illustrates how TAPEX INC's net assets have evolved over time, based on quarterly financial data. Also explore 055490 asset base for the complete picture of this company's asset base.
Annual Net Assets for TAPEX INC (2016–2024)
The table below shows the annual net assets of TAPEX INC from 2016 to 2024. For live valuation and market cap data, see 055490 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩154.62 Billion ≈ $104.78 Million |
+61.64% |
| 2023-12-31 | ₩95.66 Billion ≈ $64.82 Million |
-35.35% |
| 2022-12-31 | ₩147.97 Billion ≈ $100.28 Million |
+12.69% |
| 2021-12-31 | ₩131.31 Billion ≈ $88.99 Million |
+14.76% |
| 2020-12-31 | ₩114.42 Billion ≈ $77.54 Million |
+13.60% |
| 2019-12-31 | ₩100.72 Billion ≈ $68.26 Million |
+8.15% |
| 2018-12-31 | ₩93.13 Billion ≈ $63.11 Million |
+5.79% |
| 2017-12-31 | ₩88.03 Billion ≈ $59.66 Million |
+23.30% |
| 2016-12-31 | ₩71.39 Billion ≈ $48.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TAPEX INC'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 15402.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩72.67 Billion | 47.00% |
| Other Components | ₩81.94 Billion | 53.00% |
| Total Equity | ₩154.62 Billion | 100.00% |
TAPEX INC Competitors by Market Cap
The table below lists competitors of TAPEX INC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asia File Corporation Bhd
KLSE:7129
|
$64.66 Million |
|
COLUMBUS ENERGY S.A. ZY 7
F:0Q8
|
$64.72 Million |
|
Sumeeko Industries Co Ltd
TWO:2066
|
$64.74 Million |
|
JR Invest SA
WAR:JRH
|
$64.76 Million |
|
Ardiden Ltd
AU:ADV
|
$64.63 Million |
|
MGB Bhd
KLSE:7595
|
$64.62 Million |
|
Remed Co.Ltd
KQ:302550
|
$64.62 Million |
|
Formosa Prosonic Industries
KLSE:9172
|
$64.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TAPEX INC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 95,655,851,660 to 154,616,300,750, a change of 58,960,449,090 (61.6%).
- Net income of 3,581,005,910 contributed positively to equity growth.
- Dividend payments of 1,429,395,000 reduced retained earnings.
- New share issuances of 78,395,000 increased equity.
- Other factors increased equity by 56,730,443,180.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.58 Billion | +2.32% |
| Dividends Paid | ₩1.43 Billion | -0.92% |
| Share Issuances | ₩78.39 Million | +0.05% |
| Other Changes | ₩56.73 Billion | +36.69% |
| Total Change | ₩- | 61.64% |
Book Value vs Market Value Analysis
This analysis compares TAPEX INC'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: 0.62x
- 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 decreased from 1.07x to 0.62x 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 | ₩18659.94 | ₩20000.00 | x |
| 2018-12-31 | ₩19739.89 | ₩20000.00 | x |
| 2019-12-31 | ₩21349.30 | ₩20000.00 | x |
| 2020-12-31 | ₩24252.78 | ₩20000.00 | x |
| 2021-12-31 | ₩27833.62 | ₩20000.00 | x |
| 2022-12-31 | ₩31364.54 | ₩20000.00 | x |
| 2023-12-31 | ₩20076.15 | ₩20000.00 | x |
| 2024-12-31 | ₩32416.70 | ₩20000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TAPEX INC 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): 2.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.63%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.23x
- Recent ROE (2.32%) is below the historical average (8.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.69% | 0.77% | 0.39x | 2.30x | ₩-6.65 Billion |
| 2017 | 8.69% | 7.23% | 0.66x | 1.82x | ₩-1.15 Billion |
| 2018 | 5.48% | 4.70% | 0.68x | 1.72x | ₩-4.21 Billion |
| 2019 | 7.58% | 6.78% | 0.78x | 1.44x | ₩-2.44 Billion |
| 2020 | 12.09% | 11.64% | 0.73x | 1.42x | ₩2.39 Billion |
| 2021 | 14.40% | 12.21% | 0.86x | 1.38x | ₩5.78 Billion |
| 2022 | 12.80% | 10.39% | 0.92x | 1.34x | ₩4.14 Billion |
| 2023 | 8.47% | 5.56% | 1.05x | 1.45x | ₩-1.46 Billion |
| 2024 | 2.32% | 2.63% | 0.72x | 1.23x | ₩-11.88 Billion |
Industry Comparison
This section compares TAPEX INC's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,065,032,057,761
- Average return on equity (ROE) among peers: 4.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TAPEX INC (055490) | ₩153.63 Billion | 0.69% | 0.26x | $64.65 Million |
| DL Holdings CO. LTD. (000210) | $3.21 Trillion | 15.72% | 3.33x | $1.01 Billion |
| DL Holdings Co Ltd Preferred (000215) | $5.15 Trillion | 5.16% | 1.41x | $34.58 Million |
| Norooholdings (000320) | $183.14 Billion | 6.11% | 0.87x | $153.49 Million |
| Noroo Holdings Co Ltd (000325) | $693.79 Billion | 3.67% | 0.71x | $5.20 Million |
| Samhwa Paint (000390) | $281.78 Billion | 0.27% | 0.98x | $158.92 Million |
| Kangnam Jevisco Co Ltd (000860) | $276.48 Billion | 8.94% | 0.31x | $148.36 Million |
| Paik Kwang Ind (001340) | $204.57 Billion | 3.85% | 1.06x | $219.31 Million |
| Bo Lak (002760) | $43.76 Billion | 2.53% | 0.22x | $46.56 Million |
| Songwon Industrial (004430) | $435.58 Billion | 7.98% | 1.05x | $257.79 Million |
| Cho Kwang Pain (004910) | $174.51 Billion | -13.98% | 0.99x | $33.78 Million |
About TAPEX INC
Tapex Co., Ltd. manufactures and sells adhesive tapes in South Korea. The company offers lightproof/heat radiations, laminating tapes, masking tapes, sealing tapes, optically clear adhesive films, and TSP tapes; household plastics wraps and restaurant supply wraps; zipper bags, paper pipes, reusable cups, insulation tapes, folding boxes, hand carts, OPP tapes, insulation tapes, and nitrile and me… Read more