Kumho Tire
Kumho Tire Co., Inc., engages in the manufacture and sale of tires in South Korea, Europe, North America, Central and South America, Asia, and internationally. It offers tires for passenger cars, SUV and van, and truck and bus, as well as specialty, winter, competition, and Zetum tires. The company was founded in 1960 and is headquartered in Gwangju-si, South Korea.
Kumho Tire (073240) - Net Assets
Latest net assets as of September 2025: ₩2.04 Trillion KRW
Based on the latest financial reports, Kumho Tire (073240) has net assets worth ₩2.04 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 (₩5.34 Trillion) and total liabilities (₩3.30 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 | ₩2.04 Trillion |
| % of Total Assets | 38.22% |
| Annual Growth Rate | 5.68% |
| 5-Year Change | 63.14% |
| 10-Year Change | 51.08% |
| Growth Volatility | 147.16 |
Kumho Tire - Net Assets Trend (2004–2024)
This chart illustrates how Kumho Tire's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kumho Tire (2004–2024)
The table below shows the annual net assets of Kumho Tire from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.90 Trillion | +36.15% |
| 2023-12-31 | ₩1.40 Trillion | +12.41% |
| 2022-12-31 | ₩1.24 Trillion | -2.89% |
| 2021-12-31 | ₩1.28 Trillion | +9.76% |
| 2020-12-31 | ₩1.17 Trillion | -9.67% |
| 2019-12-31 | ₩1.29 Trillion | -3.66% |
| 2018-12-31 | ₩1.34 Trillion | +44.42% |
| 2017-12-31 | ₩929.05 Billion | -23.48% |
| 2016-12-31 | ₩1.21 Trillion | -3.71% |
| 2015-12-31 | ₩1.26 Trillion | -4.92% |
| 2014-12-31 | ₩1.33 Trillion | +16.50% |
| 2013-12-31 | ₩1.14 Trillion | +22.37% |
| 2012-12-31 | ₩930.12 Billion | +63.32% |
| 2011-12-31 | ₩569.50 Billion | +31.00% |
| 2010-12-31 | ₩434.75 Billion | +666.14% |
| 2009-12-31 | ₩56.74 Billion | -93.72% |
| 2008-12-31 | ₩902.89 Billion | +6.67% |
| 2007-12-31 | ₩846.42 Billion | -5.38% |
| 2006-12-31 | ₩894.51 Billion | -9.16% |
| 2005-12-31 | ₩984.73 Billion | +55.96% |
| 2004-12-31 | ₩631.42 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kumho Tire'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 255.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩1.91 Trillion | 110.87% |
| Total Equity | ₩1.72 Trillion | 100.00% |
Kumho Tire Competitors by Market Cap
The table below lists competitors of Kumho Tire ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Medsys Tech Co Ltd
SHG:603990
|
$479.20 Million |
|
Suzhou Xianglou New Material Co. Ltd.
SHE:301160
|
$479.22 Million |
|
Saurer Intelligent Technology Co Ltd Class A
SHG:600545
|
$479.34 Million |
|
Ningbo Exciton Technology Co Ltd
SHE:300566
|
$479.44 Million |
|
THE DUCKHORN P. DL -001
F:8B3
|
$479.11 Million |
|
Compagnie Plastic Omnium SA
PINK:PASTF
|
$478.67 Million |
|
Ennis Inc
NYSE:EBF
|
$478.58 Million |
|
Vatti Corp Ltd
SHE:002035
|
$478.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kumho Tire's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,264,366,995,330 to 1,720,557,575,370, a change of 456,190,580,040 (36.1%).
- Net income of 324,873,519,110 contributed positively to equity growth.
- Other factors increased equity by 131,317,060,930.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩324.87 Billion | +18.88% |
| Other Changes | ₩131.32 Billion | +7.63% |
| Total Change | ₩- | 36.08% |
Book Value vs Market Value Analysis
This analysis compares Kumho Tire'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: 0.97x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩5666.76 | ₩5790.00 | x |
| 2018-12-31 | ₩4670.79 | ₩5790.00 | x |
| 2019-12-31 | ₩4499.87 | ₩5790.00 | x |
| 2020-12-31 | ₩4064.59 | ₩5790.00 | x |
| 2021-12-31 | ₩4083.42 | ₩5790.00 | x |
| 2022-12-31 | ₩3920.20 | ₩5790.00 | x |
| 2023-12-31 | ₩4401.47 | ₩5790.00 | x |
| 2024-12-31 | ₩5989.54 | ₩5790.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kumho Tire 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): 18.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.17%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 3.12x
- Recent ROE (18.88%) is above the historical average (2.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 15.21% | 5.04% | 0.85x | 3.56x | ₩31.23 Billion |
| 2005 | 10.15% | 4.87% | 0.69x | 3.01x | ₩1.44 Billion |
| 2012 | 15.26% | 3.04% | 0.85x | 5.90x | ₩42.63 Billion |
| 2013 | 9.38% | 2.58% | 0.78x | 4.65x | ₩-6.28 Billion |
| 2014 | 10.72% | 3.77% | 0.72x | 3.97x | ₩8.65 Billion |
| 2015 | -6.07% | -2.28% | 0.58x | 4.57x | ₩-183.65 Billion |
| 2016 | -3.27% | -1.22% | 0.58x | 4.65x | ₩-146.26 Billion |
| 2017 | -14.05% | -4.37% | 0.63x | 5.07x | ₩-215.33 Billion |
| 2018 | -13.69% | -7.18% | 0.61x | 3.15x | ₩-317.91 Billion |
| 2019 | -3.36% | -1.83% | 0.60x | 3.04x | ₩-172.67 Billion |
| 2020 | -7.10% | -3.82% | 0.56x | 3.29x | ₩-199.70 Billion |
| 2021 | -6.07% | -2.74% | 0.60x | 3.70x | ₩-188.45 Billion |
| 2022 | -7.01% | -2.22% | 0.76x | 4.17x | ₩-191.59 Billion |
| 2023 | 12.48% | 3.90% | 0.84x | 3.82x | ₩31.34 Billion |
| 2024 | 18.88% | 7.17% | 0.85x | 3.12x | ₩152.82 Billion |
Industry Comparison
This section compares Kumho Tire's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kumho Tire (073240) | ₩2.04 Trillion | 15.21% | 1.62x | $479.16 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |