Miwon Chemical (134380) - Net Assets
Based on the latest financial reports, Miwon Chemical (134380) has net assets worth ₩170.61 Billion KRW (≈ $115.62 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 (₩216.50 Billion ≈ $146.72 Million USD) and total liabilities (₩45.89 Billion ≈ $31.10 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 Miwon Chemical asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩170.61 Billion |
| % of Total Assets | 78.8% |
| Annual Growth Rate | 9.24% |
| 5-Year Change | 43.81% |
| 10-Year Change | 96.06% |
| Growth Volatility | 5.9 |
Miwon Chemical - Net Assets Trend (2013–2024)
This chart illustrates how Miwon Chemical's net assets have evolved over time, based on quarterly financial data. Also explore 134380 asset base for the complete picture of this company's asset base.
Annual Net Assets for Miwon Chemical (2013–2024)
The table below shows the annual net assets of Miwon Chemical from 2013 to 2024. For live valuation and market cap data, see Miwon Chemical market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩162.37 Billion ≈ $110.04 Million |
+12.38% |
| 2023-12-31 | ₩144.49 Billion ≈ $97.92 Million |
+8.88% |
| 2022-12-31 | ₩132.71 Billion ≈ $89.93 Million |
+10.63% |
| 2021-12-31 | ₩119.95 Billion ≈ $81.29 Million |
+6.24% |
| 2020-12-31 | ₩112.90 Billion ≈ $76.51 Million |
+10.55% |
| 2019-12-31 | ₩102.13 Billion ≈ $69.21 Million |
+13.68% |
| 2018-12-31 | ₩89.84 Billion ≈ $60.88 Million |
+7.82% |
| 2017-12-31 | ₩83.33 Billion ≈ $56.47 Million |
-5.69% |
| 2016-12-31 | ₩88.36 Billion ≈ $59.88 Million |
+6.69% |
| 2015-12-31 | ₩82.82 Billion ≈ $56.12 Million |
+18.73% |
| 2014-12-31 | ₩69.75 Billion ≈ $47.27 Million |
+13.58% |
| 2013-12-31 | ₩61.41 Billion ≈ $41.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Miwon Chemical'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 394.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩136.52 Billion | 84.08% |
| Other Components | ₩25.85 Billion | 15.92% |
| Total Equity | ₩162.37 Billion | 100.00% |
Miwon Chemical Competitors by Market Cap
The table below lists competitors of Miwon Chemical ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Semilux International Ltd. Ordinary Shares
NASDAQ:SELX
|
$17.13 Million |
|
Mighty Kingdom Ltd
AU:MKL
|
$17.13 Million |
|
CHARBONE HYDROGEN CORP.
F:K47
|
$17.13 Million |
|
Taihan Textile
KO:001070
|
$17.14 Million |
|
FELIX Group Holdings Ltd
AU:FLX
|
$17.11 Million |
|
Geratherm Medical AG
XETRA:GME
|
$17.10 Million |
|
Burgundy Diamond Mines Ltd
AU:BDM
|
$17.10 Million |
|
Dolphin Entertainment Inc
NASDAQ:DLPN
|
$17.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Miwon Chemical's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 144,488,827,190 to 162,371,006,930, a change of 17,882,179,740 (12.4%).
- Net income of 26,930,538,430 contributed positively to equity growth.
- Dividend payments of 7,709,409,060 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩26.93 Billion | +16.59% |
| Dividends Paid | ₩7.71 Billion | -4.75% |
| Other Changes | ₩-1.34 Billion | -0.82% |
| Total Change | ₩- | 12.38% |
Book Value vs Market Value Analysis
This analysis compares Miwon Chemical'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: 0.16x
- 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 0.31x to 0.16x 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 | ₩41556.86 | ₩12820.00 | x |
| 2018-12-31 | ₩44699.33 | ₩12820.00 | x |
| 2019-12-31 | ₩50577.61 | ₩12820.00 | x |
| 2020-12-31 | ₩55418.52 | ₩12820.00 | x |
| 2021-12-31 | ₩58717.69 | ₩12820.00 | x |
| 2022-12-31 | ₩64815.39 | ₩12820.00 | x |
| 2023-12-31 | ₩72152.71 | ₩12820.00 | x |
| 2024-12-31 | ₩80809.05 | ₩12820.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Miwon Chemical 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): 16.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.52%
- • Asset Turnover: 1.37x
- • Equity Multiplier: 1.15x
- Recent ROE (16.59%) is above the historical average (13.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 17.08% | 7.27% | 1.76x | 1.34x | ₩4.35 Billion |
| 2014 | 12.80% | 5.88% | 1.67x | 1.30x | ₩1.95 Billion |
| 2015 | 14.21% | 8.07% | 1.51x | 1.16x | ₩3.48 Billion |
| 2016 | 15.54% | 9.82% | 1.42x | 1.11x | ₩4.90 Billion |
| 2017 | 16.30% | 8.99% | 1.58x | 1.15x | ₩5.25 Billion |
| 2018 | 8.20% | 5.03% | 1.50x | 1.09x | ₩-1.61 Billion |
| 2019 | 13.22% | 8.73% | 1.30x | 1.17x | ₩3.29 Billion |
| 2020 | 12.20% | 8.60% | 1.28x | 1.11x | ₩2.49 Billion |
| 2021 | 9.46% | 5.75% | 1.48x | 1.12x | ₩-645.31 Million |
| 2022 | 12.25% | 6.91% | 1.59x | 1.11x | ₩2.99 Billion |
| 2023 | 15.10% | 9.38% | 1.41x | 1.14x | ₩7.37 Billion |
| 2024 | 16.59% | 10.52% | 1.37x | 1.15x | ₩10.69 Billion |
Industry Comparison
This section compares Miwon Chemical'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 |
|---|---|---|---|---|
| Miwon Chemical (134380) | ₩170.61 Billion | 17.08% | 0.27x | $17.11 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 Miwon Chemical
Miwon Chemicals Co., Ltd. develops, manufactures, and sells performance chemicals for use in the rubber, detergent, and personal care industries worldwide. Its products include sulfurs; sulfuric acids; sulphonic acid; alkyl sulfates; and rubber chemicals. Miwon Chemicals Co., Ltd. was founded in 1959 and is headquartered in Anyang-si, South Korea.