Cosmax Inc
Cosmax, Inc. researches, develops, produces, and manufactures cosmetic and health function food products in Korea and internationally. The company operates through Cosmetic Business segment, Custom Cosmetic, and other Business segments. The company offers skincare products under the Capsule+, IS-LCE, CeraPresso, Emulixir, Foamology, IRPT, and Solar Clear brands; base-make up under the Air Cloud, … Read more
Cosmax Inc (192820) - Net Assets
Latest net assets as of September 2025: ₩506.65 Billion KRW
Based on the latest financial reports, Cosmax Inc (192820) has net assets worth ₩506.65 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩2.06 Trillion) and total liabilities (₩1.55 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 | ₩506.65 Billion |
| % of Total Assets | 24.64% |
| Annual Growth Rate | 20.24% |
| 5-Year Change | 87.13% |
| 10-Year Change | 427.16% |
| Growth Volatility | 39.35 |
Cosmax Inc - Net Assets Trend (2014–2024)
This chart illustrates how Cosmax Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cosmax Inc (2014–2024)
The table below shows the annual net assets of Cosmax Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩508.81 Billion | +41.90% |
| 2023-12-31 | ₩358.56 Billion | -19.29% |
| 2022-12-31 | ₩444.25 Billion | -4.54% |
| 2021-12-31 | ₩465.38 Billion | +71.16% |
| 2020-12-31 | ₩271.90 Billion | -14.08% |
| 2019-12-31 | ₩316.47 Billion | +30.86% |
| 2018-12-31 | ₩241.85 Billion | +5.89% |
| 2017-12-31 | ₩228.39 Billion | +10.16% |
| 2016-12-31 | ₩207.31 Billion | +114.79% |
| 2015-12-31 | ₩96.52 Billion | +19.85% |
| 2014-12-31 | ₩80.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cosmax Inc'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 2338.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩383.58 Billion | 81.03% |
| Other Components | ₩89.82 Billion | 18.97% |
| Total Equity | ₩473.40 Billion | 100.00% |
Cosmax Inc Competitors by Market Cap
The table below lists competitors of Cosmax Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The RealReal Inc
F:6RR
|
$824.16 Million |
|
ArcherMind Technology Nanjing Co Ltd
SHE:300598
|
$824.51 Million |
|
Anhui Jiangnan Chemical Industry Co Ltd
SHE:002226
|
$824.59 Million |
|
Guangdong Goworld Co Ltd
SHE:000823
|
$824.71 Million |
|
GKG Precision Machine Co. Ltd. A
SHE:301338
|
$823.86 Million |
|
BrightView Holdings
NYSE:BV
|
$823.77 Million |
|
Shanghai Feilo Acoustics Co Ltd
SHG:600651
|
$823.44 Million |
|
Celltrion Pharm Inc
KQ:068760
|
$823.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cosmax Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 362,516,945,770 to 473,397,931,950, a change of 110,880,986,180 (30.6%).
- Net income of 85,796,823,720 contributed positively to equity growth.
- Dividend payments of 5,672,831,000 reduced retained earnings.
- Other factors increased equity by 30,756,993,460.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩85.80 Billion | +18.12% |
| Dividends Paid | ₩5.67 Billion | -1.2% |
| Other Changes | ₩30.76 Billion | +6.5% |
| Total Change | ₩- | 30.59% |
Book Value vs Market Value Analysis
This analysis compares Cosmax Inc'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: 4.22x
- 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 decreased from 8.25x to 4.22x 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 | ₩21333.49 | ₩175900.00 | x |
| 2018-12-31 | ₩25959.25 | ₩175900.00 | x |
| 2019-12-31 | ₩33593.94 | ₩175900.00 | x |
| 2020-12-31 | ₩33536.72 | ₩175900.00 | x |
| 2021-12-31 | ₩49473.58 | ₩175900.00 | x |
| 2022-12-31 | ₩51220.04 | ₩175900.00 | x |
| 2023-12-31 | ₩31952.03 | ₩175900.00 | x |
| 2024-12-31 | ₩41725.02 | ₩175900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cosmax Inc 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): 18.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.96%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 4.08x
- Recent ROE (18.12%) is above the historical average (13.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 20.55% | 4.94% | 1.03x | 4.03x | ₩8.53 Billion |
| 2015 | 21.71% | 3.98% | 1.22x | 4.49x | ₩11.46 Billion |
| 2016 | 16.49% | 4.59% | 1.14x | 3.16x | ₩13.69 Billion |
| 2017 | 8.64% | 2.13% | 0.95x | 4.28x | ₩-2.96 Billion |
| 2018 | 12.29% | 2.59% | 1.19x | 4.00x | ₩6.08 Billion |
| 2019 | 9.27% | 2.39% | 1.10x | 3.51x | ₩-2.52 Billion |
| 2020 | 6.24% | 1.55% | 1.16x | 3.47x | ₩-12.91 Billion |
| 2021 | 13.26% | 4.68% | 1.13x | 2.52x | ₩18.30 Billion |
| 2022 | 3.59% | 1.30% | 1.15x | 2.40x | ₩-37.26 Billion |
| 2023 | 15.76% | 3.21% | 1.14x | 4.30x | ₩20.89 Billion |
| 2024 | 18.12% | 3.96% | 1.12x | 4.08x | ₩38.46 Billion |
Industry Comparison
This section compares Cosmax Inc's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $1,252,465,943,601
- Average return on equity (ROE) among peers: 2.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cosmax Inc (192820) | ₩506.65 Billion | 20.55% | 3.06x | $824.05 Million |
| Amore Group (002790) | $6.48 Trillion | 2.78% | 0.24x | $752.66 Million |
| Amorepacific Group (002795) | $4.32 Trillion | 5.14% | 0.27x | $336.59 Million |
| Hankook Cosmetics Manufacturing Co Ltd (003350) | $50.29 Billion | 6.60% | 0.43x | $49.09 Million |
| Daelim Trading (006570) | $80.33 Billion | 4.72% | 1.14x | $3.50 Million |
| Monalisa (012690) | $68.62 Billion | 7.93% | 0.17x | $24.89 Million |
| Leaders Cosmetics Co. Ltd (016100) | $37.33 Billion | -8.56% | 1.00x | $14.49 Million |
| Aekyung Industrial Co Ltd (018250) | $400.61 Billion | 10.62% | 0.25x | $79.38 Million |
| Kolmar Holding (024720) | $850.34 Billion | -0.72% | 0.49x | $69.74 Million |
| Jayjun Co Ltd (025620) | $126.63 Billion | -0.98% | 0.70x | $4.86 Million |
| Coreana Cosmetics Co.Ltd (027050) | $111.52 Billion | 0.00% | 0.53x | $33.80 Million |