Dongsung Corporation (102260) - Net Assets
Based on the latest financial reports, Dongsung Corporation (102260) has net assets worth ₩617.06 Billion KRW (≈ $418.17 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 (₩1.09 Trillion ≈ $739.18 Million USD) and total liabilities (₩473.68 Billion ≈ $321.01 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 Dongsung Corporation liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩617.06 Billion |
| % of Total Assets | 56.57% |
| Annual Growth Rate | 9.08% |
| 5-Year Change | 39.69% |
| 10-Year Change | 49.76% |
| Growth Volatility | 8.39 |
Dongsung Corporation - Net Assets Trend (2008–2024)
This chart illustrates how Dongsung Corporation's net assets have evolved over time, based on quarterly financial data. Also explore how large is Dongsung Corporation's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Dongsung Corporation (2008–2024)
The table below shows the annual net assets of Dongsung Corporation from 2008 to 2024. For live valuation and market cap data, see 102260 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩596.78 Billion ≈ $404.43 Million |
+13.67% |
| 2023-12-31 | ₩525.00 Billion ≈ $355.79 Million |
+7.36% |
| 2022-12-31 | ₩489.01 Billion ≈ $331.39 Million |
+7.00% |
| 2021-12-31 | ₩457.00 Billion ≈ $309.70 Million |
+6.97% |
| 2020-12-31 | ₩427.21 Billion ≈ $289.51 Million |
+2.10% |
| 2019-12-31 | ₩418.43 Billion ≈ $283.56 Million |
+4.43% |
| 2018-12-31 | ₩400.67 Billion ≈ $271.53 Million |
-4.10% |
| 2017-12-31 | ₩417.81 Billion ≈ $283.15 Million |
-5.18% |
| 2016-12-31 | ₩440.65 Billion ≈ $298.62 Million |
+10.58% |
| 2015-12-31 | ₩398.50 Billion ≈ $270.06 Million |
+5.34% |
| 2014-12-31 | ₩378.32 Billion ≈ $256.38 Million |
+12.35% |
| 2013-12-31 | ₩336.74 Billion ≈ $228.20 Million |
+9.83% |
| 2012-12-31 | ₩306.60 Billion ≈ $207.78 Million |
+21.76% |
| 2011-12-31 | ₩251.80 Billion ≈ $170.64 Million |
+20.33% |
| 2010-12-31 | ₩209.25 Billion ≈ $141.81 Million |
+10.64% |
| 2009-12-31 | ₩189.13 Billion ≈ $128.17 Million |
+27.28% |
| 2008-12-31 | ₩148.60 Billion ≈ $100.70 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Dongsung Corporation'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 18119341200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩181.19 Billion | 40.81% |
| Other Components | ₩262.79 Billion | 59.19% |
| Total Equity | ₩443.98 Billion | 100.00% |
Dongsung Corporation Competitors by Market Cap
The table below lists competitors of Dongsung Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Source Energy Services Ltd
TO:SHLE
|
$146.72 Million |
|
Entech SE SAS
PA:ALESE
|
$146.73 Million |
|
Binh Dien Fertilizer JSC
VN:BFC
|
$146.83 Million |
|
Gandhar Oil Refinery (India) Limited
NSE:GANDHAR
|
$146.85 Million |
|
Circio Holding ASA
OL:CRNA
|
$146.68 Million |
|
SSH Communications Security Oyj
HE:SSH1V
|
$146.66 Million |
|
Gordon Auto Body Parts Co Ltd
TW:1524
|
$146.61 Million |
|
Gabelli MultiMedia Mutual Fund
NYSE:GGT
|
$146.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dongsung Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 395,829,845,690 to 443,978,601,590, a change of 48,148,755,900 (12.2%).
- Net income of 44,950,871,050 contributed positively to equity growth.
- Dividend payments of 19,607,964,320 reduced retained earnings.
- Other factors increased equity by 22,805,849,170.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩44.95 Billion | +10.12% |
| Dividends Paid | ₩19.61 Billion | -4.42% |
| Other Changes | ₩22.81 Billion | +5.14% |
| Total Change | ₩- | 12.16% |
Book Value vs Market Value Analysis
This analysis compares Dongsung Corporation'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: 0.49x
- 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 0.65x to 0.49x 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 | ₩6719.40 | ₩4400.00 | x |
| 2018-12-31 | ₩6428.42 | ₩4400.00 | x |
| 2019-12-31 | ₩6402.58 | ₩4400.00 | x |
| 2020-12-31 | ₩6288.06 | ₩4400.00 | x |
| 2021-12-31 | ₩6991.52 | ₩4400.00 | x |
| 2022-12-31 | ₩7735.26 | ₩4400.00 | x |
| 2023-12-31 | ₩7972.17 | ₩4400.00 | x |
| 2024-12-31 | ₩9025.17 | ₩4400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dongsung Corporation 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): 10.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.22%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.42x
- Recent ROE (10.12%) is above the historical average (4.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.74% | 0.17% | 1.01x | 4.27x | ₩-11.35 Billion |
| 2010 | 1.53% | 0.37% | 0.99x | 4.17x | ₩-10.38 Billion |
| 2012 | 8.04% | 2.27% | 0.90x | 3.93x | ₩-3.61 Billion |
| 2013 | 0.31% | 0.07% | 1.12x | 3.77x | ₩-18.91 Billion |
| 2014 | 3.59% | 0.80% | 1.12x | 3.99x | ₩-13.01 Billion |
| 2015 | 7.62% | 2.33% | 1.09x | 3.01x | ₩-6.34 Billion |
| 2016 | 12.69% | 4.39% | 0.98x | 2.95x | ₩7.94 Billion |
| 2017 | 3.32% | 1.19% | 0.97x | 2.89x | ₩-19.75 Billion |
| 2018 | -1.14% | -0.40% | 1.01x | 2.86x | ₩-31.50 Billion |
| 2019 | 2.00% | 0.66% | 1.00x | 3.02x | ₩-22.53 Billion |
| 2020 | 2.41% | 0.76% | 1.11x | 2.88x | ₩-20.99 Billion |
| 2021 | 5.17% | 1.93% | 1.13x | 2.36x | ₩-16.76 Billion |
| 2022 | 9.31% | 3.07% | 1.27x | 2.39x | ₩-2.60 Billion |
| 2023 | 8.45% | 3.37% | 1.02x | 2.45x | ₩-6.13 Billion |
| 2024 | 10.12% | 4.22% | 0.99x | 2.42x | ₩553.01 Million |
Industry Comparison
This section compares Dongsung Corporation's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $1,249,276,842,952
- Average return on equity (ROE) among peers: 3.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dongsung Corporation (102260) | ₩617.06 Billion | 0.74% | 0.77x | $146.69 Million |
| Rifa Ind (000760) | $184.79 Billion | -1.16% | 0.52x | $29.96 Million |
| Kumyang (001570) | $21.43 Billion | 0.12% | 1.54x | $428.33 Million |
| Sh E & Chemical Co. Ltd. (002360) | $64.16 Billion | 3.67% | 0.88x | $26.35 Million |
| KCC Corporation (002380) | $5.38 Trillion | -0.85% | 1.40x | $2.77 Billion |
| Miwon Commerci (002840) | $400.46 Billion | 12.62% | 0.20x | $473.99 Million |
| Taekwang Ind (003240) | $3.48 Trillion | 3.91% | 0.25x | $570.36 Million |
| Lotte Fine Chemical Co Ltd (004000) | $1.19 Trillion | 7.48% | 0.38x | $1.20 Billion |
| Dongjin Semichem Co. Ltd (005290) | $553.45 Billion | 18.66% | 1.14x | $1.97 Billion |
| Isu Chemical Co Ltd (005950) | $373.77 Billion | -15.59% | 1.93x | $193.47 Million |
| Korea Petro Chemical Ind (006650) | $842.12 Billion | 7.61% | 0.71x | $757.99 Million |
About Dongsung Corporation
Dongsung Chemical Co., Ltd. manufactures and sells chemical products in South Korea and internationally. The company offers molding, adhesive, and automobile TPU products for automobile, footwear, construction, and leisure industries; polyurethane resin, a shoe material; polyurethane resin for processing is highly elastic and forms; melamine foams; industrial and functional polyurethane resins; p… Read more