Tae Kwang Corporation (023160) - Net Assets
Based on the latest financial reports, Tae Kwang Corporation (023160) has net assets worth ₩669.62 Billion KRW (≈ $453.79 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩740.82 Billion ≈ $502.04 Million USD) and total liabilities (₩71.20 Billion ≈ $48.25 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 023160 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩669.62 Billion |
| % of Total Assets | 90.39% |
| Annual Growth Rate | 8.15% |
| 5-Year Change | 53.53% |
| 10-Year Change | 53.83% |
| Growth Volatility | 11.77 |
Tae Kwang Corporation - Net Assets Trend (2007–2025)
This chart illustrates how Tae Kwang Corporation's net assets have evolved over time, based on quarterly financial data. See Tae Kwang Corporation (023160) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tae Kwang Corporation (2007–2025)
The table below shows the annual net assets of Tae Kwang Corporation from 2007 to 2025. For live valuation and market cap data, see how much is Tae Kwang Corporation worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩669.62 Billion ≈ $453.79 Million |
+9.87% |
| 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 |
-- |
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 396.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩597.38 Billion | 95.65% |
| Other Components | ₩27.19 Billion | 4.35% |
| Total Equity | ₩624.58 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 |
|---|---|
|
Cashway Technology Co Ltd
SHG:603106
|
$552.22 Million |
|
BIOCYTOGEN PHARMA. H YC1
F:I54
|
$552.26 Million |
|
Semco Technologies Sas
PA:ALSEM
|
$552.35 Million |
|
Value Grupo Financiero S.A.B. de C.V
MX:VALUEGFO
|
$552.48 Million |
|
Guangdong Dcenti Auto-Parts Stock Ltd Co
SHG:603335
|
$551.96 Million |
|
Northrim BanCorp Inc
NASDAQ:NRIM
|
$551.89 Million |
|
HeNan Splendor Science & Technology Co Ltd
SHE:002296
|
$551.84 Million |
|
iQIYI Inc
NASDAQ:IQ
|
$551.81 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 2024 to 2025, total equity changed from 566,047,078,060 to 624,576,985,590, a change of 58,529,907,530 (10.3%).
- Net income of 63,873,179,700 contributed positively to equity growth.
- Dividend payments of 13,838,974,470 reduced retained earnings.
- Other factors increased equity by 8,495,702,300.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩63.87 Billion | +10.23% |
| Dividends Paid | ₩13.84 Billion | -2.22% |
| Other Changes | ₩8.50 Billion | +1.36% |
| Total Change | ₩- | 10.34% |
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: 1.30x
- 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 1.87x to 1.30x 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 | ₩31500.00 | x |
| 2017-12-31 | ₩16204.72 | ₩31500.00 | x |
| 2018-12-31 | ₩16392.40 | ₩31500.00 | x |
| 2019-12-31 | ₩16678.75 | ₩31500.00 | x |
| 2020-12-31 | ₩16293.09 | ₩31500.00 | x |
| 2021-12-31 | ₩16860.46 | ₩31500.00 | x |
| 2022-12-31 | ₩18559.74 | ₩31500.00 | x |
| 2023-12-31 | ₩20442.55 | ₩31500.00 | x |
| 2024-12-31 | ₩21882.78 | ₩31500.00 | x |
| 2025-12-31 | ₩24145.48 | ₩31500.00 | 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): 10.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.51%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.19x
- Recent ROE (10.23%) is above the historical average (7.79%), 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 |
| 2025 | 10.23% | 21.51% | 0.40x | 1.19x | ₩1.42 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: $45,829,183,348
- Average return on equity (ROE) among peers: 2.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tae Kwang Corporation (023160) | ₩669.62 Billion | 27.43% | 0.11x | $552.19 Million |
| Bosung Power Technology Co. Ltd (006910) | $81.67 Billion | 1.97% | 0.50x | $276.91 Million |
| Youngsin Metal Industrial Co. Ltd (007530) | $36.66 Billion | 7.02% | 2.67x | $18.05 Million |
| SMCore.Inc (007820) | $50.84 Billion | 12.48% | 0.56x | $47.31 Million |
| Heungkuk Metaltech Co.Ltd (010240) | $61.66 Billion | 13.49% | 0.43x | $46.77 Million |
| Nuintek Co.Ltd (012340) | $9.26 Billion | 24.49% | 3.27x | $39.55 Million |
| CAS Corporation (016920) | $37.84 Billion | -15.22% | 2.46x | $13.59 Million |
| Semyung Electric Machinery Co.Ltd (017510) | $71.37 Billion | 4.79% | 0.15x | $93.92 Million |
| Enertork Ltd (019990) | $33.25 Billion | 6.03% | 0.13x | $42.69 Million |
| Woori Technology Inc (032820) | $29.91 Billion | -34.06% | 1.82x | $1.01 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