Taewoong Co.Ltd (044490) - Net Assets
Based on the latest financial reports, Taewoong Co.Ltd (044490) has net assets worth ₩610.14 Billion KRW (≈ $413.49 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 (₩840.29 Billion ≈ $569.45 Million USD) and total liabilities (₩230.15 Billion ≈ $155.97 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. Also explore balance sheet size of Taewoong Co.Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩610.14 Billion |
| % of Total Assets | 72.61% |
| Annual Growth Rate | 0.5% |
| 5-Year Change | 29.43% |
| 10-Year Change | 3.86% |
| Growth Volatility | 8.89 |
Taewoong Co.Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Taewoong Co.Ltd's net assets have evolved over time, based on quarterly financial data. Check Taewoong Co.Ltd (044490) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Taewoong Co.Ltd (2014–2024)
The table below shows the annual net assets of Taewoong Co.Ltd from 2014 to 2024. For live valuation and market cap data, see market value of Taewoong Co.Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩604.47 Billion ≈ $409.64 Million |
+17.96% |
| 2023-12-31 | ₩512.43 Billion ≈ $347.26 Million |
+6.45% |
| 2022-12-31 | ₩481.39 Billion ≈ $326.23 Million |
+1.23% |
| 2021-12-31 | ₩475.56 Billion ≈ $322.28 Million |
+1.83% |
| 2020-12-31 | ₩467.02 Billion ≈ $316.49 Million |
-16.81% |
| 2019-12-31 | ₩561.37 Billion ≈ $380.43 Million |
-6.90% |
| 2018-12-31 | ₩602.97 Billion ≈ $408.62 Million |
-4.10% |
| 2017-12-31 | ₩628.75 Billion ≈ $426.09 Million |
-0.87% |
| 2016-12-31 | ₩634.26 Billion ≈ $429.83 Million |
+8.98% |
| 2015-12-31 | ₩581.98 Billion ≈ $394.40 Million |
+1.22% |
| 2014-12-31 | ₩574.96 Billion ≈ $389.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taewoong 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 decreased by 19.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩309.79 Billion | 51.25% |
| Common Stock | ₩10.00 Billion | 1.65% |
| Other Components | ₩284.67 Billion | 47.09% |
| Total Equity | ₩604.47 Billion | 100.00% |
Taewoong Co.Ltd Competitors by Market Cap
The table below lists competitors of Taewoong Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fonciere Inea
PA:INEA
|
$372.27 Million |
|
Akastor ASA
OL:AKAST
|
$372.28 Million |
|
Thaicom Public Company Limited
BK:THCOM
|
$372.39 Million |
|
Wheels India Limited
NSE:WHEELS
|
$372.46 Million |
|
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
SA:AGRO3
|
$372.16 Million |
|
Samkang M&T Co.Ltd
KQ:100090
|
$372.09 Million |
|
Shanghai Rychen Technologies Co. Ltd. A
SHE:301273
|
$371.95 Million |
|
Capita PLC
LSE:CPI
|
$371.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taewoong Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 512,425,919,250 to 604,467,137,190, a change of 92,041,217,940 (18.0%).
- Net income of 24,685,628,680 contributed positively to equity growth.
- Other factors increased equity by 67,355,589,260.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩24.69 Billion | +4.08% |
| Other Changes | ₩67.36 Billion | +11.14% |
| Total Change | ₩- | 17.96% |
Book Value vs Market Value Analysis
This analysis compares Taewoong 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: 0.91x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₩28058.19 | ₩27450.00 | x |
| 2020-12-31 | ₩23342.36 | ₩27450.00 | x |
| 2021-12-31 | ₩23769.45 | ₩27450.00 | x |
| 2022-12-31 | ₩24060.85 | ₩27450.00 | x |
| 2023-12-31 | ₩25611.84 | ₩27450.00 | x |
| 2024-12-31 | ₩30212.21 | ₩27450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taewoong 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): 4.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.39%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.34x
- Recent ROE (4.08%) is above the historical average (-1.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 1.22% | 1.70% | 0.54x | 1.33x | ₩-50.51 Billion |
| 2015 | 1.34% | 2.13% | 0.42x | 1.48x | ₩-50.40 Billion |
| 2016 | 2.20% | 4.34% | 0.33x | 1.54x | ₩-49.46 Billion |
| 2017 | -0.95% | -1.96% | 0.30x | 1.59x | ₩-68.83 Billion |
| 2018 | -5.42% | -11.28% | 0.28x | 1.71x | ₩-92.97 Billion |
| 2019 | -6.02% | -9.04% | 0.38x | 1.75x | ₩-89.94 Billion |
| 2020 | -20.05% | -27.19% | 0.43x | 1.71x | ₩-140.35 Billion |
| 2021 | 1.50% | 2.22% | 0.42x | 1.62x | ₩-40.41 Billion |
| 2022 | 0.11% | 0.14% | 0.52x | 1.58x | ₩-47.59 Billion |
| 2023 | 6.66% | 7.70% | 0.60x | 1.45x | ₩-17.09 Billion |
| 2024 | 4.08% | 6.39% | 0.48x | 1.34x | ₩-35.76 Billion |
Industry Comparison
This section compares Taewoong Co.Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $218,503,224,740
- Average return on equity (ROE) among peers: 5.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taewoong Co.Ltd (044490) | ₩610.14 Billion | 1.22% | 0.38x | $372.19 Million |
| Namsun Alumini (008350) | $306.64 Billion | 9.11% | 0.31x | $86.16 Million |
| Namsun Aluminium Co Ltd (008355) | $303.17 Billion | -0.09% | 0.43x | $1.44 Million |
| Dae Chang (012800) | $274.11 Billion | 9.50% | 1.96x | $54.31 Million |
| Sung Kwang Bend Co.Ltd (014620) | $518.75 Billion | 7.91% | 0.09x | $481.43 Million |
| Daedong Metals Co. Ltd (020400) | $27.61 Billion | 3.03% | 1.51x | $11.37 Million |
| Seowon (021050) | $341.49 Billion | -1.65% | 2.16x | $30.24 Million |
| Lee Ku Ind (025820) | $102.27 Billion | 1.85% | 1.66x | $88.50 Million |
| Essen Tech Co. Ltd (043340) | $30.05 Billion | 6.70% | 0.60x | $51.89 Million |
| Nara Mold & Die Co. Ltd (051490) | $62.43 Billion | 11.65% | 0.79x | $22.20 Million |
About Taewoong Co.Ltd
Taewoong Co.,Ltd manufactures and sells open-die forgings and ring rolled products in South Korea and internationally. The company offers steel products, including ingots and round blooms. It also provides forging products, such as main shafts, tower flanges, inner and outer rings for pitch bearing, yaw bearings, gear rims, and slewing rings for wind energy; connectors, Christmas tree, ram bops, … Read more