Ewon Comfortech Co. Ltd
Ewon Comfortech Co., Ltd. manufactures and sells commercial vehicle seats in South Korea. It provides vehicle seats, suspension products, and interior parts for trucks, bus, ben, heavy equipment, railways, and ferry. The company was formerly known as Ewon Industrial Co., Ltd. and changed its name to Ewon Comfortech Co., Ltd. in September 2000. Ewon Comfortech Co., Ltd. was founded in 1994 and is … Read more
Ewon Comfortech Co. Ltd (088290) - Net Assets
Latest net assets as of September 2025: ₩10.70 Billion KRW
Based on the latest financial reports, Ewon Comfortech Co. Ltd (088290) has net assets worth ₩10.70 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 (₩29.44 Billion) and total liabilities (₩18.74 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 | ₩10.70 Billion |
| % of Total Assets | 36.35% |
| Annual Growth Rate | 3.52% |
| 5-Year Change | 92.65% |
| 10-Year Change | 70.64% |
| Growth Volatility | 108.93 |
Ewon Comfortech Co. Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Ewon Comfortech Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ewon Comfortech Co. Ltd (2011–2024)
The table below shows the annual net assets of Ewon Comfortech Co. Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩20.52 Billion | -58.72% |
| 2023-12-31 | ₩49.72 Billion | +0.39% |
| 2022-12-31 | ₩49.53 Billion | +1.17% |
| 2021-12-31 | ₩48.95 Billion | +359.48% |
| 2020-12-31 | ₩10.65 Billion | -45.88% |
| 2019-12-31 | ₩19.69 Billion | +130.76% |
| 2018-12-31 | ₩8.53 Billion | -9.48% |
| 2017-12-31 | ₩9.42 Billion | -3.09% |
| 2016-12-31 | ₩9.72 Billion | -19.15% |
| 2015-12-31 | ₩12.03 Billion | +4.49% |
| 2014-12-31 | ₩11.51 Billion | -9.79% |
| 2013-12-31 | ₩12.76 Billion | -2.47% |
| 2011-12-31 | ₩13.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ewon Comfortech 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 5780190851000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩15.67 Billion | 76.33% |
| Other Components | ₩62.66 Billion | 305.29% |
| Total Equity | ₩20.52 Billion | 100.00% |
Ewon Comfortech Co. Ltd Competitors by Market Cap
The table below lists competitors of Ewon Comfortech Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VC Inc.
KQ:365900
|
$5.67 Million |
|
DC HEALTHCARE HOLDINGS BERHAD
KLSE:0283
|
$5.67 Million |
|
Silver Hammer Mining Corp
PINK:HAMRF
|
$5.67 Million |
|
UAS Drone Corp
OTCQB:USDR
|
$5.67 Million |
|
0O45
LSE:0O45
|
$5.66 Million |
|
Index International Group Public Company Limited
BK:IND
|
$5.66 Million |
|
WCM BETEILIGUNG
HM:WCMK
|
$5.66 Million |
|
Bluesky Digital Assets Corp
OTCQB:BTCWF
|
$5.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ewon Comfortech Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 49,721,240,930 to 20,524,768,870, a change of -29,196,472,060 (-58.7%).
- Net loss of 21,014,451,660 reduced equity.
- Share repurchases of 999,993,600 reduced equity.
- New share issuances of 999,993,600 increased equity.
- Other factors decreased equity by 8,182,020,400.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-21.01 Billion | -102.39% |
| Share Repurchases | ₩999.99 Million | -4.87% |
| Share Issuances | ₩999.99 Million | +4.87% |
| Other Changes | ₩-8.18 Billion | -39.86% |
| Total Change | ₩- | -58.72% |
Book Value vs Market Value Analysis
This analysis compares Ewon Comfortech 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: 0.89x
- 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 increased from 0.75x to 0.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩776.22 | ₩582.00 | x |
| 2017-12-31 | ₩661.47 | ₩582.00 | x |
| 2018-12-31 | ₩598.78 | ₩582.00 | x |
| 2019-12-31 | ₩1154.81 | ₩582.00 | x |
| 2020-12-31 | ₩572.82 | ₩582.00 | x |
| 2021-12-31 | ₩2162.58 | ₩582.00 | x |
| 2022-12-31 | ₩2085.07 | ₩582.00 | x |
| 2023-12-31 | ₩1625.38 | ₩582.00 | x |
| 2024-12-31 | ₩655.09 | ₩582.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ewon Comfortech 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): -102.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.03%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 2.21x
- Recent ROE (-102.39%) is below the historical average (-33.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -11.78% | -3.94% | 1.11x | 2.69x | ₩-2.51 Billion |
| 2015 | 6.04% | 1.87% | 1.17x | 2.77x | ₩-476.46 Million |
| 2016 | -39.96% | -10.42% | 1.34x | 2.87x | ₩-4.86 Billion |
| 2017 | -40.01% | -9.22% | 1.15x | 3.79x | ₩-4.71 Billion |
| 2018 | -19.82% | -3.84% | 1.34x | 3.84x | ₩-2.54 Billion |
| 2019 | 12.04% | 4.95% | 1.26x | 1.92x | ₩401.42 Million |
| 2020 | -140.62% | -42.87% | 0.97x | 3.37x | ₩-16.05 Billion |
| 2021 | -6.03% | -7.75% | 0.51x | 1.52x | ₩-7.85 Billion |
| 2022 | -19.47% | -20.19% | 0.49x | 1.98x | ₩-14.60 Billion |
| 2023 | -4.83% | -5.10% | 0.59x | 1.60x | ₩-7.37 Billion |
| 2024 | -102.39% | -40.03% | 1.16x | 2.21x | ₩-23.07 Billion |
Industry Comparison
This section compares Ewon Comfortech Co. Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $352,644,129,055
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ewon Comfortech Co. Ltd (088290) | ₩10.70 Billion | -11.78% | 1.75x | $5.66 Million |
| Daewonkangup (000430) | $587.30 Billion | 2.73% | 0.78x | $58.61 Million |
| SG Choongbang Co Ltd (001380) | $122.98 Billion | -4.51% | 0.52x | $17.60 Million |
| Tae Won Mulsan (001420) | $31.33 Billion | 0.26% | 0.19x | $5.77 Million |
| Dongkook Ind (001620) | $68.65 Billion | 0.00% | 0.75x | $25.09 Million |
| PS Tec. Co. Ltd (002230) | $75.04 Billion | 10.41% | 0.34x | $43.72 Million |
| Nexen Tire (002350) | $1.20 Trillion | 14.45% | 1.18x | $173.78 Million |
| Nexen Tire Prf 1 (002355) | $1.03 Trillion | 12.11% | 1.50x | $102.95 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $13.11 Million |
| Yoo Sung Ent (002920) | $295.14 Billion | -1.60% | 0.39x | $17.59 Million |
| Chin Yang Ind (003780) | $57.01 Billion | 14.90% | 0.58x | $24.34 Million |