M2N Co.Ltd (033310) - Net Assets
Based on the latest financial reports, M2N Co.Ltd (033310) has net assets worth ₩144.42 Billion KRW (≈ $97.87 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 (₩190.85 Billion ≈ $129.34 Million USD) and total liabilities (₩46.43 Billion ≈ $31.46 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 M2N Co.Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩144.42 Billion |
| % of Total Assets | 75.67% |
| Annual Growth Rate | 9.96% |
| 5-Year Change | 135.74% |
| 10-Year Change | 219.22% |
| Growth Volatility | 46.29 |
M2N Co.Ltd - Net Assets Trend (2001–2024)
This chart illustrates how M2N Co.Ltd's net assets have evolved over time, based on quarterly financial data. Also explore M2N Co.Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for M2N Co.Ltd (2001–2024)
The table below shows the annual net assets of M2N Co.Ltd from 2001 to 2024. For live valuation and market cap data, see M2N Co.Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩145.02 Billion ≈ $98.28 Million |
+1.57% |
| 2023-12-31 | ₩142.78 Billion ≈ $96.76 Million |
+3.68% |
| 2022-12-31 | ₩137.71 Billion ≈ $93.32 Million |
+0.27% |
| 2021-12-31 | ₩137.34 Billion ≈ $93.08 Million |
+123.26% |
| 2020-12-31 | ₩61.52 Billion ≈ $41.69 Million |
+10.03% |
| 2019-12-31 | ₩55.91 Billion ≈ $37.89 Million |
+8.46% |
| 2018-12-31 | ₩51.55 Billion ≈ $34.93 Million |
+6.26% |
| 2017-12-31 | ₩48.51 Billion ≈ $32.88 Million |
+8.38% |
| 2016-12-31 | ₩44.76 Billion ≈ $30.34 Million |
-1.47% |
| 2015-12-31 | ₩45.43 Billion ≈ $30.79 Million |
+16.69% |
| 2014-12-31 | ₩38.93 Billion ≈ $26.38 Million |
+134.62% |
| 2007-12-31 | ₩16.59 Billion ≈ $11.25 Million |
+1.58% |
| 2001-12-31 | ₩16.34 Billion ≈ $11.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to M2N 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 2439201395000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩24.39 Billion | 16.82% |
| Common Stock | ₩20.17 Billion | 13.91% |
| Other Components | ₩100.46 Billion | 69.27% |
| Total Equity | ₩145.02 Billion | 100.00% |
M2N Co.Ltd Competitors by Market Cap
The table below lists competitors of M2N Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atech OEM
TWO:6109
|
$25.21 Million |
|
KR Motors Co. Ltd.
KO:000040
|
$25.23 Million |
|
Generic Engineering Construction and Projects Limited
NSE:GENCON
|
$25.24 Million |
|
Advanced Connection Technology
TWO:3492
|
$25.24 Million |
|
Delignit AG
XETRA:DLX
|
$25.20 Million |
|
Nova EYE Medical Ltd
AU:EYE
|
$25.19 Million |
|
Sakthi Sugars Limited
NSE:SAKHTISUG
|
$25.19 Million |
|
Powercom Co Ltd
TW:3043
|
$25.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in M2N Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 142,784,408,750 to 145,021,875,230, a change of 2,237,466,480 (1.6%).
- Net income of 3,517,296,900 contributed positively to equity growth.
- Share repurchases of 40,000,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.52 Billion | +2.43% |
| Share Repurchases | ₩40.00 Million | -0.03% |
| Other Changes | ₩-1.24 Billion | -0.85% |
| Total Change | ₩- | 1.57% |
Book Value vs Market Value Analysis
This analysis compares M2N 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: 0.49x
- 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 1.09x to 0.49x 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 | ₩1636.55 | ₩1786.00 | x |
| 2017-12-31 | ₩1773.63 | ₩1786.00 | x |
| 2018-12-31 | ₩1884.62 | ₩1786.00 | x |
| 2019-12-31 | ₩2043.97 | ₩1786.00 | x |
| 2020-12-31 | ₩2185.43 | ₩1786.00 | x |
| 2021-12-31 | ₩3469.14 | ₩1786.00 | x |
| 2022-12-31 | ₩3479.09 | ₩1786.00 | x |
| 2023-12-31 | ₩3607.27 | ₩1786.00 | x |
| 2024-12-31 | ₩3663.79 | ₩1786.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently M2N 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): 2.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.86%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.25x
- Recent ROE (2.43%) is below the historical average (2.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 5.14% | 2.26% | 0.85x | 2.69x | ₩-688.71 Million |
| 2014 | 20.86% | 18.97% | 0.54x | 2.05x | ₩3.85 Billion |
| 2015 | 13.86% | 11.21% | 0.65x | 1.90x | ₩1.59 Billion |
| 2016 | 10.42% | 9.38% | 0.58x | 1.91x | ₩186.64 Million |
| 2017 | 7.97% | 7.56% | 0.57x | 1.84x | ₩-983.03 Million |
| 2018 | 7.87% | 7.62% | 0.55x | 1.88x | ₩-1.10 Billion |
| 2019 | 7.45% | 8.96% | 0.47x | 1.77x | ₩-1.43 Billion |
| 2020 | -10.38% | -18.18% | 0.29x | 1.96x | ₩-12.54 Billion |
| 2021 | -42.43% | -210.83% | 0.14x | 1.44x | ₩-72.01 Billion |
| 2022 | 4.43% | 21.46% | 0.15x | 1.34x | ₩-7.66 Billion |
| 2023 | 2.26% | 4.20% | 0.42x | 1.29x | ₩-11.05 Billion |
| 2024 | 2.43% | 3.86% | 0.50x | 1.25x | ₩-10.98 Billion |
Industry Comparison
This section compares M2N Co.Ltd's net assets metrics with peer companies in the Containers & Packaging industry.
Industry Context
- Industry: Containers & Packaging
- Average net assets among peers: $207,497,360,470
- Average return on equity (ROE) among peers: 10.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| M2N Co.Ltd (033310) | ₩144.42 Billion | 5.14% | 0.32x | $25.21 Million |
| Daelim Paper Co.Ltd (017650) | $207.50 Billion | 10.37% | 0.27x | $290.32 Million |
About M2N Co.Ltd
M2N Co.,Ltd manufactures and sells cold roll steel sheets, steel drums, and steel products. The company's drum segment offers tight head drums, open head drums, galvanized drums, and other related products. Its Steel Products segment provides hot rolled plates, c type steel plates, stainless steel bars, and others. The company was formerly known as DK D&I Co.,Ltd. and changed its name to M2N Co.,… Read more