Tae Kwang Corporation (023160) - Net Assets
Based on the latest financial reports, Tae Kwang Corporation (023160) has net assets worth ₩656.52 Billion KRW (≈ $444.92 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 (₩724.75 Billion ≈ $491.15 Million USD) and total liabilities (₩68.22 Billion ≈ $46.23 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 Tae Kwang Corporation (023160) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩656.52 Billion |
| % of Total Assets | 90.59% |
| Annual Growth Rate | 8.04% |
| 5-Year Change | 44.61% |
| 10-Year Change | 42.01% |
| Growth Volatility | 12.13 |
Tae Kwang Corporation - Net Assets Trend (2007–2024)
This chart illustrates how Tae Kwang Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Tae Kwang Corporation total assets for the complete picture of this company's asset base.
Annual Net Assets for Tae Kwang Corporation (2007–2024)
The table below shows the annual net assets of Tae Kwang Corporation from 2007 to 2024. For live valuation and market cap data, see how much is Tae Kwang Corporation worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩609.49 Billion ≈ $413.04 Million |
+5.93% |
| 2023-12-31 | ₩575.39 Billion ≈ $389.93 Million |
+19.85% |
| 2022-12-31 | ₩480.09 Billion ≈ $325.35 Million |
+10.08% |
| 2021-12-31 | ₩436.13 Billion ≈ $295.56 Million |
+3.48% |
| 2020-12-31 | ₩421.46 Billion ≈ $285.62 Million |
-2.31% |
| 2019-12-31 | ₩431.43 Billion ≈ $292.38 Million |
+1.75% |
| 2018-12-31 | ₩424.03 Billion ≈ $287.36 Million |
+1.16% |
| 2017-12-31 | ₩419.17 Billion ≈ $284.07 Million |
-3.70% |
| 2016-12-31 | ₩435.29 Billion ≈ $294.99 Million |
+1.42% |
| 2015-12-31 | ₩429.18 Billion ≈ $290.85 Million |
+3.92% |
| 2014-12-31 | ₩412.98 Billion ≈ $279.87 Million |
+6.74% |
| 2012-12-31 | ₩386.91 Billion ≈ $262.20 Million |
+9.81% |
| 2011-12-31 | ₩352.33 Billion ≈ $238.77 Million |
+8.43% |
| 2010-12-31 | ₩324.94 Billion ≈ $220.21 Million |
+12.47% |
| 2009-12-31 | ₩288.92 Billion ≈ $195.80 Million |
+18.54% |
| 2008-12-31 | ₩243.73 Billion ≈ $165.17 Million |
+49.02% |
| 2007-12-31 | ₩163.55 Billion ≈ $110.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tae Kwang 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 334.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩522.03 Billion | 92.22% |
| Common Stock | ₩13.25 Billion | 2.34% |
| Other Components | ₩30.76 Billion | 5.44% |
| Total Equity | ₩566.05 Billion | 100.00% |
Tae Kwang Corporation Competitors by Market Cap
The table below lists competitors of Tae Kwang Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Akso Health Group ADR
NASDAQ:AHG
|
$807.33 Million |
|
Run Long Construction Co Ltd
TW:1808
|
$807.49 Million |
|
Shenzhen Prince New Materials Co Ltd
SHE:002735
|
$807.75 Million |
|
Shanxi Huhua Group Co Ltd
SHE:003002
|
$808.04 Million |
|
Shanghai Maling Aquarius Co Ltd
SHG:600073
|
$806.85 Million |
|
Costar Group Co Ltd
SHE:002189
|
$806.48 Million |
|
Johns LYNG Group Ltd
AU:JLG
|
$806.21 Million |
|
Shandong Sanyuan Biotechnology Co.Ltd.
SHE:301206
|
$806.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tae Kwang Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 528,792,379,930 to 566,047,078,060, a change of 37,254,698,130 (7.0%).
- Net income of 44,911,598,730 contributed positively to equity growth.
- Dividend payments of 4,397,431,140 reduced retained earnings.
- Share repurchases of 1,774,305,470 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩44.91 Billion | +7.93% |
| Dividends Paid | ₩4.40 Billion | -0.78% |
| Share Repurchases | ₩1.77 Billion | -0.31% |
| Other Changes | ₩-1.49 Billion | -0.26% |
| Total Change | ₩- | 7.05% |
Book Value vs Market Value Analysis
This analysis compares Tae Kwang 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: 2.10x
- 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 2.74x to 2.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩16828.02 | ₩46050.00 | x |
| 2017-12-31 | ₩16204.72 | ₩46050.00 | x |
| 2018-12-31 | ₩16392.40 | ₩46050.00 | x |
| 2019-12-31 | ₩16678.75 | ₩46050.00 | x |
| 2020-12-31 | ₩16293.09 | ₩46050.00 | x |
| 2021-12-31 | ₩16860.46 | ₩46050.00 | x |
| 2022-12-31 | ₩18559.74 | ₩46050.00 | x |
| 2023-12-31 | ₩20442.55 | ₩46050.00 | x |
| 2024-12-31 | ₩21882.78 | ₩46050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tae Kwang 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): 7.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.83%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.17x
- Recent ROE (7.93%) is above the historical average (7.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 27.43% | 15.63% | 1.25x | 1.40x | ₩28.51 Billion |
| 2008 | 33.74% | 23.96% | 1.04x | 1.36x | ₩57.85 Billion |
| 2009 | 15.38% | 16.95% | 0.77x | 1.19x | ₩15.55 Billion |
| 2010 | 0.24% | 0.36% | 0.57x | 1.16x | ₩-31.71 Billion |
| 2011 | 7.82% | 10.65% | 0.61x | 1.20x | ₩-7.67 Billion |
| 2012 | 8.58% | 9.30% | 0.79x | 1.16x | ₩-5.50 Billion |
| 2014 | 2.14% | 3.25% | 0.58x | 1.13x | ₩-32.46 Billion |
| 2015 | 3.70% | 5.78% | 0.57x | 1.12x | ₩-27.06 Billion |
| 2016 | 1.82% | 3.24% | 0.52x | 1.09x | ₩-35.61 Billion |
| 2017 | -3.87% | -8.81% | 0.41x | 1.08x | ₩-58.14 Billion |
| 2018 | 2.37% | 6.34% | 0.34x | 1.09x | ₩-32.34 Billion |
| 2019 | 2.51% | 5.70% | 0.39x | 1.12x | ₩-32.33 Billion |
| 2020 | -1.19% | -2.66% | 0.41x | 1.10x | ₩-47.16 Billion |
| 2021 | 3.49% | 8.22% | 0.37x | 1.16x | ₩-28.40 Billion |
| 2022 | 7.45% | 14.32% | 0.42x | 1.24x | ₩-12.24 Billion |
| 2023 | 10.42% | 17.65% | 0.50x | 1.18x | ₩2.20 Billion |
| 2024 | 7.93% | 16.83% | 0.40x | 1.17x | ₩-11.69 Billion |
Industry Comparison
This section compares Tae Kwang Corporation's net assets metrics with peer companies in the Machinery, Tools, Heavy Vehicles, Trains & Ships industry.
Industry Context
- Industry: Machinery, Tools, Heavy Vehicles, Trains & Ships
- Average net assets among peers: $54,228,898,791
- Average return on equity (ROE) among peers: 3.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tae Kwang Corporation (023160) | ₩656.52 Billion | 27.43% | 0.10x | $807.25 Million |
| Bosung Power Technology Co. Ltd (006910) | $37.82 Billion | 2.53% | 1.58x | $373.75 Million |
| Youngsin Metal Industrial Co. Ltd (007530) | $43.64 Billion | 2.17% | 2.14x | $21.79 Million |
| SMCore.Inc (007820) | $75.61 Billion | 2.00% | 0.40x | $70.73 Million |
| Heungkuk Metaltech Co.Ltd (010240) | $55.26 Billion | 12.58% | 0.41x | $49.69 Million |
| Nuintek Co.Ltd (012340) | $20.66 Billion | 0.00% | 1.89x | $10.53 Million |
| CAS Corporation (016920) | $49.47 Billion | 2.29% | 1.02x | $15.44 Million |
| Semyung Electric Machinery Co.Ltd (017510) | $65.83 Billion | 5.57% | 0.15x | $149.81 Million |
| Enertork Ltd (019990) | $44.30 Billion | 3.49% | 0.17x | $67.82 Million |
| Woori Technology Inc (032820) | $95.47 Billion | 3.53% | 0.70x | $1.40 Billion |
About Tae Kwang Corporation
Tae Kwang Corporation manufactures, supplies, and sells butt weld pipe fittings for oil and gas, chemical and petrochemical, power plant, and shipbuilding businesses in Korea and internationally. The company offers butt-welding fittings, including carbon, stainless, and alloy steel, such as elbows, tees, reducers, caps, stub ends, laterals, long bends, and crosses, as well as special, jacket, and… Read more