TBH Global Co Ltd (084870) - Net Assets
Based on the latest financial reports, TBH Global Co Ltd (084870) has net assets worth ₩62.08 Billion KRW (≈ $42.07 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩104.30 Billion ≈ $70.68 Million USD) and total liabilities (₩42.22 Billion ≈ $28.61 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 084870 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩62.08 Billion |
| % of Total Assets | 59.52% |
| Annual Growth Rate | -5.38% |
| 5-Year Change | 13.49% |
| 10-Year Change | -75.07% |
| Growth Volatility | 16.03 |
TBH Global Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how TBH Global Co Ltd's net assets have evolved over time, based on quarterly financial data. See 084870 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TBH Global Co Ltd (2007–2025)
The table below shows the annual net assets of TBH Global Co Ltd from 2007 to 2025. For live valuation and market cap data, see 084870 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩62.08 Billion ≈ $42.07 Million |
-0.18% |
| 2024-12-31 | ₩62.19 Billion ≈ $42.14 Million |
-1.33% |
| 2023-12-31 | ₩63.03 Billion ≈ $42.71 Million |
+4.72% |
| 2022-12-31 | ₩60.18 Billion ≈ $40.78 Million |
+10.03% |
| 2021-12-31 | ₩54.69 Billion ≈ $37.07 Million |
-29.96% |
| 2020-12-31 | ₩78.10 Billion ≈ $52.92 Million |
-27.47% |
| 2019-12-31 | ₩107.68 Billion ≈ $72.97 Million |
-41.30% |
| 2018-12-31 | ₩183.45 Billion ≈ $124.32 Million |
-19.85% |
| 2017-12-31 | ₩228.87 Billion ≈ $155.10 Million |
-8.07% |
| 2016-12-31 | ₩248.95 Billion ≈ $168.71 Million |
-5.70% |
| 2015-12-31 | ₩264.00 Billion ≈ $178.91 Million |
-2.87% |
| 2014-12-31 | ₩271.80 Billion ≈ $184.20 Million |
+14.49% |
| 2013-12-31 | ₩237.40 Billion ≈ $160.88 Million |
+18.98% |
| 2012-12-31 | ₩199.53 Billion ≈ $135.22 Million |
+2.95% |
| 2011-12-31 | ₩193.82 Billion ≈ $131.35 Million |
+12.11% |
| 2010-12-31 | ₩172.88 Billion ≈ $117.16 Million |
+8.99% |
| 2009-12-31 | ₩158.63 Billion ≈ $107.50 Million |
+4.18% |
| 2008-12-31 | ₩152.26 Billion ≈ $103.18 Million |
-9.34% |
| 2007-12-31 | ₩167.94 Billion ≈ $113.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TBH Global Co Ltd'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 3597200499000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩35.97 Billion | 59.17% |
| Other Components | ₩24.82 Billion | 40.83% |
| Total Equity | ₩60.80 Billion | 100.00% |
TBH Global Co Ltd Competitors by Market Cap
The table below lists competitors of TBH Global Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avecho Biotechnology Limited
F:OEZ
|
$25.76 Million |
|
Country Group Development Public Company Limited
BK:CGD
|
$25.76 Million |
|
Iz Hayvancilik Tarim ve Gida Sanayi Ticaret AS
IS:IZINV
|
$25.77 Million |
|
Woojin Plaimm
KO:049800
|
$25.78 Million |
|
rYojbaba Co., Ltd. Common Shares
NASDAQ:RYOJ
|
$25.76 Million |
|
Ashley Services Group Ltd
AU:ASH
|
$25.76 Million |
|
Galil Capital Re Spain SOCIMI SA
MC:YGCS
|
$25.75 Million |
|
Nova Agritech Ltd.
NSE:NOVAAGRI
|
$25.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TBH Global Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 61,573,101,770 to 60,795,473,210, a change of -777,628,560 (-1.3%).
- Net income of 884,543,390 contributed positively to equity growth.
- Dividend payments of 834,272,760 reduced retained earnings.
- Share repurchases of 499,993,400 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩884.54 Million | +1.45% |
| Dividends Paid | ₩834.27 Million | -1.37% |
| Share Repurchases | ₩499.99 Million | -0.82% |
| Other Changes | ₩-327.91 Million | -0.54% |
| Total Change | ₩- | -1.26% |
Book Value vs Market Value Analysis
This analysis compares TBH Global Co Ltd'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: 0.63x
- 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 0.26x to 0.63x 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 | ₩7081.98 | ₩1858.00 | x |
| 2018-12-31 | ₩8795.49 | ₩1858.00 | x |
| 2019-12-31 | ₩5162.86 | ₩1858.00 | x |
| 2020-12-31 | ₩3744.38 | ₩1858.00 | x |
| 2021-12-31 | ₩2622.39 | ₩1858.00 | x |
| 2022-12-31 | ₩2885.51 | ₩1858.00 | x |
| 2023-12-31 | ₩3021.85 | ₩1858.00 | x |
| 2024-12-31 | ₩2952.18 | ₩1858.00 | x |
| 2025-12-31 | ₩2971.68 | ₩1858.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TBH Global Co Ltd 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): 1.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.48%
- • Asset Turnover: 1.75x
- • Equity Multiplier: 1.72x
- Recent ROE (1.45%) is above the historical average (-6.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 9.54% | 6.87% | 0.89x | 1.55x | ₩-780.71 Million |
| 2009 | 6.10% | 3.20% | 0.97x | 1.96x | ₩-6.19 Billion |
| 2010 | 3.09% | 1.55% | 1.00x | 1.99x | ₩-11.68 Billion |
| 2011 | 9.36% | 3.75% | 1.08x | 2.32x | ₩-1.20 Billion |
| 2012 | 7.80% | 2.77% | 1.21x | 2.32x | ₩-4.07 Billion |
| 2013 | 15.03% | 5.93% | 1.25x | 2.03x | ₩11.03 Billion |
| 2014 | 8.27% | 3.76% | 1.05x | 2.10x | ₩-4.31 Billion |
| 2015 | -5.64% | -1.92% | 1.12x | 2.62x | ₩-35.03 Billion |
| 2016 | -1.40% | -0.40% | 1.29x | 2.71x | ₩-23.64 Billion |
| 2017 | -0.67% | -0.14% | 1.25x | 3.75x | ₩-15.77 Billion |
| 2018 | -31.43% | -27.61% | 0.78x | 1.45x | ₩-75.99 Billion |
| 2019 | -71.88% | -36.72% | 1.20x | 1.63x | ₩-88.17 Billion |
| 2020 | -39.43% | -17.79% | 1.24x | 1.79x | ₩-38.60 Billion |
| 2021 | -35.87% | -10.43% | 1.61x | 2.14x | ₩-25.09 Billion |
| 2022 | 8.19% | 2.43% | 1.81x | 1.87x | ₩-1.09 Billion |
| 2023 | 10.69% | 3.42% | 1.79x | 1.75x | ₩433.45 Million |
| 2024 | -1.18% | -0.41% | 1.69x | 1.72x | ₩-6.88 Billion |
| 2025 | 1.45% | 0.48% | 1.75x | 1.72x | ₩-5.20 Billion |
Industry Comparison
This section compares TBH Global Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $508,448,744,367
- Average return on equity (ROE) among peers: 0.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TBH Global Co Ltd (084870) | ₩62.08 Billion | 9.54% | 0.68x | $25.76 Million |
| BYC Co. Ltd (001460) | $166.42 Billion | 9.64% | 0.32x | $149.19 Million |
| BYC Co Ltd (001465) | $378.12 Billion | 3.49% | 0.83x | $33.57 Million |
| Vivien Corp (002070) | $82.56 Billion | -18.56% | 1.45x | $6.91 Million |
| SG Corporation (004060) | $196.89 Billion | 3.39% | 0.70x | $37.69 Million |
| Kuk Dong (005320) | $102.36 Billion | -7.77% | 0.65x | $49.09 Million |
| Shinsung Tngsn (005390) | $200.45 Billion | 1.07% | 2.13x | $399.30 Million |
| Shinyoung Waco (005800) | $235.17 Billion | 6.63% | 0.13x | $79.47 Million |
| F&F Holdings Co. Ltd (007700) | $3.37 Trillion | 3.17% | 0.20x | $430.52 Million |
| Pan-Pacific (007980) | $241.92 Billion | 9.16% | 2.11x | $57.24 Million |
| Willbes (008600) | $110.69 Billion | -7.73% | 1.66x | $116.83 Million |
About TBH Global Co Ltd
TBH Global Co., Ltd, together with its subsidiaries, produces, sells, and distributes men's and women's clothing products in Korea. The company offers its products under the Basic House, Mind Bridge, Jucy Judy, and Aquascutum brands. It offers its products through own brand stores and online. The company is also involved in the rental of investment properties. The company was formerly known as Th… Read more