TK Chemical Corporation
TK Chemical Corporation engages in textile, chemical, and construction businesses in South Korea. The company offers polyester yarns, spandex yarns, and new materials, as well as PET resins; and electronic components, such as touch screen sensors and transparent LED films. It also engages in the construction of various projects, such as ports, dams, railways, and expressways. The company also exp… Read more
TK Chemical Corporation (104480) - Net Assets
Latest net assets as of September 2025: ₩1.21 Trillion KRW
Based on the latest financial reports, TK Chemical Corporation (104480) has net assets worth ₩1.21 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.45 Trillion) and total liabilities (₩236.98 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 | ₩1.21 Trillion |
| % of Total Assets | 83.63% |
| Annual Growth Rate | 22.92% |
| 5-Year Change | 314.67% |
| 10-Year Change | 368.04% |
| Growth Volatility | 79.8 |
TK Chemical Corporation - Net Assets Trend (2010–2024)
This chart illustrates how TK Chemical 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 TK Chemical Corporation (2010–2024)
The table below shows the annual net assets of TK Chemical Corporation from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩1.11 Trillion | +16.72% |
| 2023-12-31 | ₩949.36 Billion | +0.15% |
| 2022-12-31 | ₩947.93 Billion | +41.94% |
| 2021-12-31 | ₩667.84 Billion | +149.91% |
| 2020-12-31 | ₩267.23 Billion | -1.64% |
| 2019-12-31 | ₩271.68 Billion | +4.65% |
| 2018-12-31 | ₩259.60 Billion | +2.66% |
| 2017-12-31 | ₩252.88 Billion | +2.30% |
| 2016-12-31 | ₩247.19 Billion | +4.41% |
| 2015-12-31 | ₩236.76 Billion | +7.04% |
| 2011-12-31 | ₩221.17 Billion | +258.83% |
| 2010-12-31 | ₩61.64 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TK Chemical 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 6072.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩631.20 Billion | 56.96% |
| Common Stock | ₩45.45 Billion | 4.10% |
| Other Components | ₩431.47 Billion | 38.94% |
| Total Equity | ₩1.11 Trillion | 100.00% |
TK Chemical Corporation Competitors by Market Cap
The table below lists competitors of TK Chemical Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thermador Groupe SA
PA:THEP
|
$60.45 Million |
|
Simply Better Brands Corp.
OTCQB:SBBCF
|
$60.46 Million |
|
Grazziotin S.A
SA:CGRA3
|
$60.47 Million |
|
Yesco Holdings Co. Ltd
KO:015360
|
$60.49 Million |
|
Talisker Resources Ltd
OTCQX:TSKFF
|
$60.43 Million |
|
PYRUM INNOV.AG NA O.N.
F:PYR
|
$60.41 Million |
|
HK TELEVISION NET
MU:XHN1
|
$60.37 Million |
|
Juniata Valley Financial Corp
OTCQX:JUVF
|
$60.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TK Chemical Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 949,362,679,060 to 1,108,123,360,510, a change of 158,760,681,450 (16.7%).
- Net loss of 112,075,735,870 reduced equity.
- Other factors increased equity by 270,836,417,320.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-112.08 Billion | -10.11% |
| Other Changes | ₩270.84 Billion | +24.44% |
| Total Change | ₩- | 16.72% |
Book Value vs Market Value Analysis
This analysis compares TK Chemical 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: 0.15x
- 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 0.65x to 0.15x 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 | ₩2866.99 | ₩1868.00 | x |
| 2017-12-31 | ₩2933.02 | ₩1868.00 | x |
| 2018-12-31 | ₩3010.95 | ₩1868.00 | x |
| 2019-12-31 | ₩3151.05 | ₩1868.00 | x |
| 2020-12-31 | ₩3099.39 | ₩1868.00 | x |
| 2021-12-31 | ₩7347.33 | ₩1868.00 | x |
| 2022-12-31 | ₩10428.80 | ₩1868.00 | x |
| 2023-12-31 | ₩10444.56 | ₩1868.00 | x |
| 2024-12-31 | ₩12191.19 | ₩1868.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TK Chemical 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): -10.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -33.00%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.34x
- Recent ROE (-10.11%) is below the historical average (13.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 42.44% | 2.97% | 1.93x | 7.42x | ₩19.99 Billion |
| 2011 | 17.26% | 3.79% | 1.51x | 3.01x | ₩16.05 Billion |
| 2015 | 5.16% | 1.85% | 1.20x | 2.33x | ₩-11.45 Billion |
| 2016 | 3.13% | 1.26% | 0.95x | 2.60x | ₩-16.98 Billion |
| 2017 | 7.99% | 2.83% | 1.13x | 2.50x | ₩-5.08 Billion |
| 2018 | 10.90% | 3.58% | 1.15x | 2.63x | ₩2.32 Billion |
| 2019 | 3.49% | 1.53% | 0.91x | 2.50x | ₩-17.68 Billion |
| 2020 | -0.51% | -0.32% | 0.63x | 2.54x | ₩-28.08 Billion |
| 2021 | 52.53% | 50.56% | 0.60x | 1.72x | ₩284.05 Billion |
| 2022 | 29.03% | 44.32% | 0.43x | 1.51x | ₩180.44 Billion |
| 2023 | -0.94% | -2.35% | 0.28x | 1.45x | ₩-103.85 Billion |
| 2024 | -10.11% | -33.00% | 0.23x | 1.34x | ₩-222.89 Billion |
Industry Comparison
This section compares TK Chemical Corporation's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $275,402,800,352
- Average return on equity (ROE) among peers: -0.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TK Chemical Corporation (104480) | ₩1.21 Trillion | 42.44% | 0.20x | $60.43 Million |
| Kyungbangco.Ltd (000050) | $741.93 Billion | 1.76% | 0.70x | $50.48 Million |
| Chonbang (000950) | $155.64 Billion | 1.69% | 0.95x | $24.13 Million |
| Silla Textile Co.Ltd (001000) | $13.37 Billion | -20.43% | 1.52x | $8.50 Million |
| Taihan Textile (001070) | $132.34 Billion | 0.84% | 0.40x | $8.71 Million |
| DI Dong Il Corp (001530) | $561.11 Billion | 0.00% | 0.64x | $232.14 Million |
| Ilshin Spinnin (003200) | $306.82 Billion | 2.19% | 0.49x | $77.92 Million |
| Pang Rim Spinn (003610) | $180.57 Billion | 3.72% | 0.27x | $56.13 Million |
| Daehan Synthet (003830) | $533.41 Billion | 4.22% | 0.14x | $27.66 Million |
| Duksung (004830) | $65.34 Billion | 0.80% | 0.61x | $35.90 Million |
| Duksung Co Ltd (004835) | $63.50 Billion | 0.82% | 0.53x | $46.93 Million |