T'way Air Co Ltd (091810) - Net Assets
Based on the latest financial reports, T'way Air Co Ltd (091810) has net assets worth ₩39.11 Billion KRW (≈ $26.51 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 (₩1.78 Trillion ≈ $1.21 Billion USD) and total liabilities (₩1.74 Trillion ≈ $1.18 Billion 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 T'way Air Co Ltd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩39.11 Billion |
| % of Total Assets | 2.19% |
| Annual Growth Rate | N/A |
| 5-Year Change | -29.66% |
| 10-Year Change | N/A |
| Growth Volatility | 193.11 |
T'way Air Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how T'way Air Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 091810 market cap.
Annual Net Assets for T'way Air Co Ltd (2016–2024)
The table below shows the annual net assets of T'way Air Co Ltd from 2016 to 2024. Also explore T'way Air Co Ltd (091810) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩82.28 Billion ≈ $55.76 Million |
-47.64% |
| 2023-12-31 | ₩157.14 Billion ≈ $106.49 Million |
+164.54% |
| 2022-12-31 | ₩59.40 Billion ≈ $40.26 Million |
+25.48% |
| 2021-12-31 | ₩47.34 Billion ≈ $32.08 Million |
-59.53% |
| 2020-12-31 | ₩116.99 Billion ≈ $79.28 Million |
-38.06% |
| 2019-12-31 | ₩188.88 Billion ≈ $128.00 Million |
-16.32% |
| 2018-12-31 | ₩225.71 Billion ≈ $152.96 Million |
+518.13% |
| 2017-12-31 | ₩36.51 Billion ≈ $24.75 Million |
+3282.87% |
| 2016-12-31 | ₩-1.15 Billion ≈ $-777.45K |
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Equity Component Analysis
This analysis shows how different components contribute to T'way Air 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 decreased by 1899837847000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩151.60 Billion | 184.24% |
| Total Equity | ₩82.28 Billion | 100.00% |
T'way Air Co Ltd Competitors by Market Cap
The table below lists competitors of T'way Air Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EagleRock Land, LLC
NYSE:EROK
|
$643.07 Million |
|
Enovix Corp
NASDAQ:ENVX
|
$643.13 Million |
|
Xinjiang Yilite Industry Co Ltd
SHG:600197
|
$643.24 Million |
|
Shenandoah Telecommunications Co
NASDAQ:SHEN
|
$643.39 Million |
|
Shanxi Huhua Group Co Ltd
SHE:003002
|
$642.73 Million |
|
Chongqing QinAn M&E PLC
SHG:603758
|
$642.66 Million |
|
Stratasys Ltd
NASDAQ:SSYS
|
$642.48 Million |
|
Chongqing Wangbian Electric (Group) Corp. Ltd.
SHG:603191
|
$642.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in T'way Air Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 157,142,050,990 to 82,281,964,750, a change of -74,860,086,240 (-47.6%).
- Net loss of 65,878,206,670 reduced equity.
- Other factors decreased equity by 8,981,879,570.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-65.88 Billion | -80.06% |
| Other Changes | ₩-8.98 Billion | -10.92% |
| Total Change | ₩- | -47.64% |
Book Value vs Market Value Analysis
This analysis compares T'way Air 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: 7.10x
- 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 6.36x to 7.10x 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 | ₩426.79 | ₩2715.00 | x |
| 2018-12-31 | ₩2865.09 | ₩2715.00 | x |
| 2019-12-31 | ₩2404.95 | ₩2715.00 | x |
| 2020-12-31 | ₩1062.30 | ₩2715.00 | x |
| 2021-12-31 | ₩400.36 | ₩2715.00 | x |
| 2022-12-31 | ₩370.98 | ₩2715.00 | x |
| 2023-12-31 | ₩752.83 | ₩2715.00 | x |
| 2024-12-31 | ₩382.40 | ₩2715.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently T'way Air 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): -80.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.29%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 18.99x
- Recent ROE (-80.06%) is below the historical average (-62.44%), 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 | 0.00% | 0.51% | 3.99x | 0.00x | ₩2.08 Billion |
| 2017 | 108.75% | 6.80% | 2.59x | 6.18x | ₩36.06 Billion |
| 2018 | 16.78% | 5.18% | 1.70x | 1.91x | ₩15.31 Billion |
| 2019 | -22.88% | -5.33% | 1.00x | 4.28x | ₩-62.10 Billion |
| 2020 | -117.85% | -51.21% | 0.38x | 6.03x | ₩-149.57 Billion |
| 2021 | -330.04% | -72.88% | 0.29x | 15.53x | ₩-160.98 Billion |
| 2022 | -199.78% | -22.57% | 0.50x | 17.55x | ₩-124.61 Billion |
| 2023 | 63.08% | 7.35% | 1.05x | 8.17x | ₩83.42 Billion |
| 2024 | -80.06% | -4.29% | 0.98x | 18.99x | ₩-74.11 Billion |
Industry Comparison
This section compares T'way Air Co Ltd's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $2,748,521,995,420
- Average return on equity (ROE) among peers: 3.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| T'way Air Co Ltd (091810) | ₩39.11 Billion | 0.00% | 44.57x | $642.96 Million |
| Korean Air Lines Co (003490) | $3.31 Trillion | -6.39% | 6.61x | $7.32 Billion |
| Korean Air Lines Co Ltd (003495) | $11.46 Trillion | 6.80% | 3.40x | $16.45 Million |
| Asiana Airline (020560) | $1.13 Trillion | 9.42% | 2.89x | $1.10 Billion |
| Jeju Air Co Ltd (089590) | $271.93 Billion | 19.48% | 1.21x | $256.63 Million |
| Jin Air Co Ltd (272450) | $191.75 Billion | -29.54% | 2.67x | $208.14 Million |
| Air Busan Co Ltd (298690) | $122.17 Billion | 23.30% | 1.20x | $119.22 Million |
About T'way Air Co Ltd
T'Way Air Co., Ltd. provides air transportation services in South Korea and internationally. It also provides air transportation support services. The company was formerly known as Hansung Airlines Co. Ltd. and changed its name to T'Way Air Co., Ltd. in August 2010. T'Way Air Co., Ltd. was founded in 2003 and is headquartered in Seoul, South Korea.