Miwon Specialty Chemical Co Ltd (268280) - Net Assets
Based on the latest financial reports, Miwon Specialty Chemical Co Ltd (268280) has net assets worth ₩433.98 Billion KRW (≈ $294.10 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 (₩540.72 Billion ≈ $366.44 Million USD) and total liabilities (₩106.74 Billion ≈ $72.33 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 asset resilience ratio of Miwon Specialty Chemical Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩433.98 Billion |
| % of Total Assets | 80.26% |
| Annual Growth Rate | 11.87% |
| 5-Year Change | 55.63% |
| 10-Year Change | N/A |
| Growth Volatility | 8.29 |
Miwon Specialty Chemical Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Miwon Specialty Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Miwon Specialty Chemical Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Miwon Specialty Chemical Co Ltd (2017–2024)
The table below shows the annual net assets of Miwon Specialty Chemical Co Ltd from 2017 to 2024. For live valuation and market cap data, see how much is Miwon Specialty Chemical Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩406.34 Billion ≈ $275.37 Million |
+8.92% |
| 2023-12-31 | ₩373.06 Billion ≈ $252.81 Million |
-1.53% |
| 2022-12-31 | ₩378.86 Billion ≈ $256.75 Million |
+16.03% |
| 2021-12-31 | ₩326.52 Billion ≈ $221.28 Million |
+25.06% |
| 2020-12-31 | ₩261.09 Billion ≈ $176.94 Million |
+4.72% |
| 2019-12-31 | ₩249.31 Billion ≈ $168.95 Million |
+13.15% |
| 2018-12-31 | ₩220.34 Billion ≈ $149.32 Million |
+18.94% |
| 2017-12-31 | ₩185.26 Billion ≈ $125.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Miwon Specialty Chemical 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 1343.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩252.66 Billion | 62.18% |
| Other Components | ₩153.69 Billion | 37.82% |
| Total Equity | ₩406.34 Billion | 100.00% |
Miwon Specialty Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Miwon Specialty Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Zhenyuan Share Co Ltd
SHE:000705
|
$403.85 Million |
|
Shang Hai Ya Tong Co Ltd
SHG:600692
|
$404.07 Million |
|
OceanPact Serviços Marítimos S.A
SA:OPCT3
|
$404.08 Million |
|
Asia Cement (China) Holdings Corporation
F:4OJ
|
$404.25 Million |
|
Peijia Medical Limited
F:4WO
|
$403.65 Million |
|
Enity
ST:ENITY
|
$403.56 Million |
|
The Star Entertainment Group Limited
F:EE9
|
$403.44 Million |
|
Zhejiang Renzhi Co Ltd
SHE:002629
|
$403.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Miwon Specialty Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 373,055,947,070 to 406,341,856,930, a change of 33,285,909,860 (8.9%).
- Net income of 54,566,854,180 contributed positively to equity growth.
- Dividend payments of 10,310,528,900 reduced retained earnings.
- Share repurchases of 7,319,974,170 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩54.57 Billion | +13.43% |
| Dividends Paid | ₩10.31 Billion | -2.54% |
| Share Repurchases | ₩7.32 Billion | -1.8% |
| Other Changes | ₩-3.65 Billion | -0.9% |
| Total Change | ₩- | 8.92% |
Book Value vs Market Value Analysis
This analysis compares Miwon Specialty Chemical 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: 1.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.42x to 1.47x 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 | ₩35770.08 | ₩122500.00 | x |
| 2018-12-31 | ₩42200.82 | ₩122500.00 | x |
| 2019-12-31 | ₩47871.60 | ₩122500.00 | x |
| 2020-12-31 | ₩51700.80 | ₩122500.00 | x |
| 2021-12-31 | ₩65108.85 | ₩122500.00 | x |
| 2022-12-31 | ₩75680.35 | ₩122500.00 | x |
| 2023-12-31 | ₩75776.50 | ₩122500.00 | x |
| 2024-12-31 | ₩83441.06 | ₩122500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Miwon Specialty Chemical 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): 13.43%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.71%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 1.26x
- Recent ROE (13.43%) is below the historical average (14.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.28% | 8.25% | 0.95x | 1.19x | ₩-1.33 Billion |
| 2018 | 16.33% | 9.98% | 1.30x | 1.26x | ₩13.94 Billion |
| 2019 | 15.87% | 10.47% | 1.21x | 1.25x | ₩14.63 Billion |
| 2020 | 13.28% | 9.32% | 1.14x | 1.25x | ₩8.56 Billion |
| 2021 | 24.47% | 15.04% | 1.21x | 1.34x | ₩47.25 Billion |
| 2022 | 17.11% | 10.60% | 1.29x | 1.26x | ₩26.94 Billion |
| 2023 | 4.99% | 4.25% | 0.95x | 1.24x | ₩-18.70 Billion |
| 2024 | 13.43% | 10.71% | 0.99x | 1.26x | ₩13.93 Billion |
Industry Comparison
This section compares Miwon Specialty Chemical Co Ltd'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 Specialty Chemical Co Ltd (268280) | ₩433.98 Billion | 9.28% | 0.25x | $403.72 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 Specialty Chemical Co Ltd
Miwon Specialty Chemical Co., Ltd. engages in the manufacture and sales of energy-curing resins in Korea and internationally. The company is headquartered in Wanju-gun, South Korea.