TAEYANG Corporation
TAEYANG Corporation provides portable butane gas cartridges, stoves, and gas filling and aerosol products in South Korea. It offers portable fuel products, including portable butane gas, portable lighter gas refills, portable camping gas, portable fuel, sun fuel gas stoves, and mini sun fuel gas cartridges; LPG and pure butane gas under the ALPS name for use in mountain climbing; and lighter gas,… Read more
TAEYANG Corporation (053620) - Net Assets
Latest net assets as of September 2025: ₩192.79 Billion KRW
Based on the latest financial reports, TAEYANG Corporation (053620) has net assets worth ₩192.79 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩218.85 Billion) and total liabilities (₩26.06 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩192.79 Billion |
| % of Total Assets | 88.09% |
| Annual Growth Rate | 4.15% |
| 5-Year Change | 12.18% |
| 10-Year Change | 38.47% |
| Growth Volatility | 2.17 |
TAEYANG Corporation - Net Assets Trend (2011–2024)
This chart illustrates how TAEYANG Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TAEYANG Corporation (2011–2024)
The table below shows the annual net assets of TAEYANG Corporation from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩184.08 Billion | +3.05% |
| 2023-12-31 | ₩178.64 Billion | +2.88% |
| 2022-12-31 | ₩173.64 Billion | +3.09% |
| 2021-12-31 | ₩168.44 Billion | +2.65% |
| 2020-12-31 | ₩164.10 Billion | +3.50% |
| 2019-12-31 | ₩158.54 Billion | +4.45% |
| 2018-12-31 | ₩151.78 Billion | +0.69% |
| 2017-12-31 | ₩150.75 Billion | +3.56% |
| 2016-12-31 | ₩145.56 Billion | +9.50% |
| 2015-12-31 | ₩132.93 Billion | +2.68% |
| 2014-12-31 | ₩129.46 Billion | +5.63% |
| 2013-12-31 | ₩122.56 Billion | +6.33% |
| 2012-12-31 | ₩115.27 Billion | +6.20% |
| 2011-12-31 | ₩108.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TAEYANG 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 17364005278000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩173.64 Billion | 94.33% |
| Other Components | ₩10.44 Billion | 5.67% |
| Total Equity | ₩184.08 Billion | 100.00% |
TAEYANG Corporation Competitors by Market Cap
The table below lists competitors of TAEYANG Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pintaras Jaya Bhd
KLSE:9598
|
$10.39 Million |
|
Adbiotech Co. Ltd.
KQ:179530
|
$10.39 Million |
|
Agrimin Limited
F:3CL
|
$10.39 Million |
|
Jullundur Motor Agency (Delhi) Limited
NSE:JMA
|
$10.40 Million |
|
Lung Hwa Electronics Co Ltd
TW:2424
|
$10.38 Million |
|
DNXcorp
PA:ALDNX
|
$10.38 Million |
|
Coda Minerals Limited
PINK:CODMF
|
$10.38 Million |
|
Sumisaujana Group Berhad
KLSE:0349
|
$10.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TAEYANG Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 178,639,851,890 to 184,080,999,890, a change of 5,441,148,000 (3.0%).
- Net income of 8,262,165,660 contributed positively to equity growth.
- Dividend payments of 3,025,191,780 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩8.26 Billion | +4.49% |
| Dividends Paid | ₩3.03 Billion | -1.64% |
| Other Changes | ₩204.17 Million | +0.11% |
| Total Change | ₩- | 3.05% |
Book Value vs Market Value Analysis
This analysis compares TAEYANG 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: 0.30x
- 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 |
|---|---|---|---|
| 2016-12-31 | ₩18284.14 | ₩7050.00 | x |
| 2017-12-31 | ₩18935.79 | ₩7050.00 | x |
| 2018-12-31 | ₩19065.84 | ₩7050.00 | x |
| 2019-12-31 | ₩19914.78 | ₩7050.00 | x |
| 2020-12-31 | ₩20612.60 | ₩7050.00 | x |
| 2021-12-31 | ₩21158.53 | ₩7050.00 | x |
| 2022-12-31 | ₩21811.41 | ₩7050.00 | x |
| 2023-12-31 | ₩22439.29 | ₩7050.00 | x |
| 2024-12-31 | ₩23122.76 | ₩7050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TAEYANG 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): 4.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.43%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.20x
- Recent ROE (4.49%) is below the historical average (4.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 7.18% | 4.59% | 1.17x | 1.34x | ₩-3.06 Billion |
| 2012 | 6.81% | 4.19% | 1.19x | 1.36x | ₩-3.67 Billion |
| 2014 | 5.88% | 3.68% | 1.25x | 1.28x | ₩-5.34 Billion |
| 2015 | 2.49% | 2.28% | 0.76x | 1.45x | ₩-9.98 Billion |
| 2016 | 8.83% | 8.67% | 0.77x | 1.33x | ₩-1.71 Billion |
| 2017 | 4.61% | 4.41% | 0.84x | 1.25x | ₩-8.13 Billion |
| 2018 | 1.21% | 1.35% | 0.74x | 1.21x | ₩-13.34 Billion |
| 2019 | 4.65% | 5.19% | 0.76x | 1.18x | ₩-8.49 Billion |
| 2020 | 4.27% | 4.95% | 0.70x | 1.23x | ₩-9.40 Billion |
| 2021 | 2.85% | 3.20% | 0.71x | 1.26x | ₩-12.04 Billion |
| 2022 | 3.79% | 3.78% | 0.83x | 1.22x | ₩-10.78 Billion |
| 2023 | 4.09% | 4.66% | 0.74x | 1.20x | ₩-10.55 Billion |
| 2024 | 4.49% | 5.43% | 0.69x | 1.20x | ₩-10.15 Billion |
Industry Comparison
This section compares TAEYANG Corporation's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $707,223,545,576
- Average return on equity (ROE) among peers: 3.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TAEYANG Corporation (053620) | ₩192.79 Billion | 7.18% | 0.14x | $10.39 Million |
| DL Holdings Co Ltd Preferred (000215) | $4.47 Trillion | -10.17% | 1.37x | $204.31 Million |
| Norooholdings (000320) | $371.95 Billion | 3.87% | 1.25x | $45.01 Million |
| Noroo Holdings Co Ltd (000325) | $772.24 Billion | 6.57% | 0.57x | $61.66 Million |
| Samhwa Paint (000390) | $209.67 Billion | 6.18% | 0.92x | $75.34 Million |
| Kangnam Jevisco Co Ltd (000860) | $435.04 Billion | 9.25% | 0.20x | $56.03 Million |
| Paik Kwang Ind (001340) | $213.65 Billion | 3.62% | 1.00x | $115.30 Million |
| Bo Lak (002760) | $39.25 Billion | 1.83% | 0.27x | $29.80 Million |
| Songwon Industrial (004430) | $288.63 Billion | -4.39% | 1.97x | $84.76 Million |
| Cho Kwang Pain (004910) | $202.42 Billion | 2.21% | 0.73x | $18.33 Million |
| Cosmoam&T (005070) | $74.13 Billion | 11.09% | 1.67x | $324.22 Million |