TK Chemical Corporation (104480) - Net Assets
Based on the latest financial reports, TK Chemical Corporation (104480) has net assets worth ₩1.28 Trillion KRW (≈ $866.42 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩1.54 Trillion ≈ $1.05 Billion USD) and total liabilities (₩266.44 Billion ≈ $180.56 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 104480 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩1.28 Trillion |
| % of Total Assets | 82.75% |
| Annual Growth Rate | 22.07% |
| 5-Year Change | 83.81% |
| 10-Year Change | 396.59% |
| Growth Volatility | 76.96 |
TK Chemical Corporation - Net Assets Trend (2010–2025)
This chart illustrates how TK Chemical Corporation's net assets have evolved over time, based on quarterly financial data. Check 104480 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for TK Chemical Corporation (2010–2025)
The table below shows the annual net assets of TK Chemical Corporation from 2010 to 2025. For live valuation and market cap data, see TK Chemical Corporation market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩1.23 Trillion ≈ $831.88 Million |
+10.78% |
| 2024-12-31 | ₩1.11 Trillion ≈ $750.96 Million |
+16.72% |
| 2023-12-31 | ₩949.36 Billion ≈ $643.37 Million |
+0.15% |
| 2022-12-31 | ₩947.93 Billion ≈ $642.40 Million |
+41.94% |
| 2021-12-31 | ₩667.84 Billion ≈ $452.58 Million |
+149.91% |
| 2020-12-31 | ₩267.23 Billion ≈ $181.10 Million |
-1.64% |
| 2019-12-31 | ₩271.68 Billion ≈ $184.11 Million |
+4.65% |
| 2018-12-31 | ₩259.60 Billion ≈ $175.93 Million |
+2.66% |
| 2017-12-31 | ₩252.88 Billion ≈ $171.38 Million |
+2.30% |
| 2016-12-31 | ₩247.19 Billion ≈ $167.52 Million |
+4.41% |
| 2015-12-31 | ₩236.76 Billion ≈ $160.45 Million |
+7.04% |
| 2011-12-31 | ₩221.17 Billion ≈ $149.89 Million |
+258.83% |
| 2010-12-31 | ₩61.64 Billion ≈ $41.77 Million |
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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 7262.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩752.91 Billion | 61.34% |
| Other Components | ₩474.61 Billion | 38.66% |
| Total Equity | ₩1.23 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 |
|---|---|
|
Bank Pembangunan Timur Tbk
JK:BJTM
|
$93.89 Million |
|
Heron Therapeuti
NASDAQ:HRTX
|
$93.92 Million |
|
Western Asset Investment Grade Defined Opportunity Closed Fund
NYSE:IGI
|
$93.92 Million |
|
CAB Cakaran Corporation Bhd
KLSE:7174
|
$93.93 Million |
|
Infant Bacterial Therapeutics AB (publ)
ST:IBT-B
|
$93.86 Million |
|
LI Ming Development Construction Co Ltd
TWO:6212
|
$93.84 Million |
|
GREEN CROSS WellBeing Corporation
KQ:234690
|
$93.80 Million |
|
Ryvu Therapeutics SA
WAR:RVU
|
$93.79 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 2024 to 2025, total equity changed from 1,108,123,360,510 to 1,227,524,315,260, a change of 119,400,954,750 (10.8%).
- Net income of 116,509,818,820 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩116.51 Billion | +9.49% |
| Other Changes | ₩2.89 Billion | +0.24% |
| Total Change | ₩- | 10.78% |
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: 0.11x
- 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 0.53x to 0.11x 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 | ₩1524.00 | x |
| 2017-12-31 | ₩2933.02 | ₩1524.00 | x |
| 2018-12-31 | ₩3010.95 | ₩1524.00 | x |
| 2019-12-31 | ₩3151.05 | ₩1524.00 | x |
| 2020-12-31 | ₩3099.39 | ₩1524.00 | x |
| 2021-12-31 | ₩7347.33 | ₩1524.00 | x |
| 2022-12-31 | ₩10428.80 | ₩1524.00 | x |
| 2023-12-31 | ₩10444.56 | ₩1524.00 | x |
| 2024-12-31 | ₩12191.19 | ₩1524.00 | x |
| 2025-12-31 | ₩13504.80 | ₩1524.00 | 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): 9.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.70%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.20x
- Recent ROE (9.49%) is below the historical average (13.07%), 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 |
| 2025 | 9.49% | 33.70% | 0.23x | 1.20x | ₩-6.24 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: $247,666,340,245
- Average return on equity (ROE) among peers: 3.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TK Chemical Corporation (104480) | ₩1.28 Trillion | 42.44% | 0.21x | $93.88 Million |
| Kyungbangco.Ltd (000050) | $752.15 Billion | 2.96% | 0.69x | $138.96 Million |
| Chonbang (000950) | $185.91 Billion | -12.63% | 1.79x | $21.20 Million |
| Silla Textile Co.Ltd (001000) | $13.67 Billion | 1.87% | 1.38x | $9.90 Million |
| Taihan Textile (001070) | $139.47 Billion | 1.12% | 0.67x | $14.74 Million |
| DI Dong Il Corp (001530) | $280.64 Billion | 2.19% | 0.93x | $316.84 Million |
| Ilshin Spinnin (003200) | $322.19 Billion | 3.49% | 0.44x | $149.84 Million |
| Pang Rim Spinn (003610) | $155.84 Billion | 28.19% | 0.52x | $114.00 Million |
| Daehan Synthet (003830) | $498.47 Billion | 8.88% | 0.17x | $81.79 Million |
| Duksung (004830) | $65.34 Billion | 0.80% | 0.61x | $28.99 Million |
| Duksung Co Ltd (004835) | $62.99 Billion | 0.29% | 0.63x | $3.61 Million |
About 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