TPC Co. Ltd
TPC Co., Ltd. manufactures and sells automotive parts in South Korea, the United States, Japan, Europe, China, and internationally. The company offers steel pipes, anti-vibration parts, fuel injection, cooling system pipe assemblies. It also provides precision as-welded tubes, precision DOM tubes, filler neck/water pipes, surface treatment, and brazing processing line products; PVC piping for use… Read more
TPC Co. Ltd (130740) - Net Assets
Latest net assets as of September 2025: ₩92.94 Billion KRW
Based on the latest financial reports, TPC Co. Ltd (130740) has net assets worth ₩92.94 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 (₩119.79 Billion) and total liabilities (₩26.85 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 | ₩92.94 Billion |
| % of Total Assets | 77.59% |
| Annual Growth Rate | 4.38% |
| 5-Year Change | 8.17% |
| 10-Year Change | 41.99% |
| Growth Volatility | 11.42 |
TPC Co. Ltd - Net Assets Trend (2012–2024)
This chart illustrates how TPC 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 TPC Co. Ltd (2012–2024)
The table below shows the annual net assets of TPC Co. Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩66.00 Billion | -16.54% |
| 2023-12-31 | ₩79.07 Billion | +27.30% |
| 2022-12-31 | ₩62.12 Billion | -2.93% |
| 2021-12-31 | ₩63.99 Billion | +4.88% |
| 2020-12-31 | ₩61.01 Billion | +4.21% |
| 2019-12-31 | ₩58.55 Billion | -1.14% |
| 2018-12-31 | ₩59.22 Billion | +7.78% |
| 2017-12-31 | ₩54.95 Billion | +3.86% |
| 2016-12-31 | ₩52.90 Billion | +13.82% |
| 2015-12-31 | ₩46.48 Billion | +17.74% |
| 2012-12-31 | ₩39.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TPC 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 grown by 49.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩38.95 Billion | 59.02% |
| Common Stock | ₩5.64 Billion | 8.54% |
| Other Components | ₩21.41 Billion | 32.43% |
| Total Equity | ₩66.00 Billion | 100.00% |
TPC Co. Ltd Competitors by Market Cap
The table below lists competitors of TPC Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pluri Inc.
NASDAQ:PLUR
|
$10.45 Million |
|
AKKO Invest Nyrt
BUD:AKKO
|
$10.46 Million |
|
Western Bulk Chartering AS
PINK:WSSTF
|
$10.46 Million |
|
Daechang Steel Co Ltd
KQ:140520
|
$10.47 Million |
|
Ark Restaurants Corp
NASDAQ:ARKR
|
$10.45 Million |
|
Hemostemix Inc
OTCQB:HMTXF
|
$10.45 Million |
|
Daehan Green Power Corporation
KQ:060900
|
$10.45 Million |
|
Vivien Corp
KO:002070
|
$10.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TPC Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 60,379,591,620 to 65,995,698,600, a change of 5,616,106,980 (9.3%).
- Net income of 1,506,301,150 contributed positively to equity growth.
- Share repurchases of 99,000,000 reduced equity.
- New share issuances of 99,000,000 increased equity.
- Other factors increased equity by 4,109,805,830.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.51 Billion | +2.28% |
| Share Repurchases | ₩99.00 Million | -0.15% |
| Share Issuances | ₩99.00 Million | +0.15% |
| Other Changes | ₩4.11 Billion | +6.23% |
| Total Change | ₩- | 9.30% |
Book Value vs Market Value Analysis
This analysis compares TPC 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: 0.38x
- 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 | ₩5598.31 | ₩2210.00 | x |
| 2017-12-31 | ₩5814.51 | ₩2210.00 | x |
| 2018-12-31 | ₩6427.97 | ₩2210.00 | x |
| 2019-12-31 | ₩5853.37 | ₩2210.00 | x |
| 2020-12-31 | ₩5619.59 | ₩2210.00 | x |
| 2021-12-31 | ₩5674.35 | ₩2210.00 | x |
| 2022-12-31 | ₩5508.28 | ₩2210.00 | x |
| 2023-12-31 | ₩5354.38 | ₩2210.00 | x |
| 2024-12-31 | ₩5852.41 | ₩2210.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TPC 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): 2.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.87%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.71x
- Recent ROE (2.28%) is below the historical average (2.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 9.42% | 8.34% | 0.85x | 1.33x | ₩-228.86 Million |
| 2015 | 8.54% | 7.81% | 0.84x | 1.30x | ₩-678.50 Million |
| 2016 | 8.95% | 8.70% | 0.66x | 1.55x | ₩-556.07 Million |
| 2017 | 2.75% | 2.93% | 0.55x | 1.71x | ₩-3.98 Billion |
| 2018 | 4.46% | 3.37% | 0.58x | 2.28x | ₩-3.28 Billion |
| 2019 | -3.83% | -2.65% | 0.66x | 2.20x | ₩-8.10 Billion |
| 2020 | 3.75% | 2.88% | 0.65x | 2.00x | ₩-3.82 Billion |
| 2021 | -2.70% | -2.15% | 0.61x | 2.06x | ₩-8.13 Billion |
| 2022 | -2.39% | -1.82% | 0.69x | 1.91x | ₩-7.69 Billion |
| 2023 | -3.17% | -2.41% | 0.68x | 1.94x | ₩-7.95 Billion |
| 2024 | 2.28% | 1.87% | 0.71x | 1.71x | ₩-5.09 Billion |
Industry Comparison
This section compares TPC Co. Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $480,350,461,800
- Average return on equity (ROE) among peers: 6.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TPC Co. Ltd (130740) | ₩92.94 Billion | 9.42% | 0.29x | $10.45 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $382.72 Million |
| Daewonkangup (000430) | $180.83 Billion | 5.50% | 1.24x | $57.21 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $17.57 Million |
| Tae Won Mulsan (001420) | $32.46 Billion | 4.41% | 0.38x | $5.79 Million |
| Dongkook Ind (001620) | $78.01 Billion | 15.96% | 0.85x | $25.29 Million |
| PS Tec. Co. Ltd (002230) | $129.92 Billion | 3.00% | 0.19x | $43.72 Million |
| Nexen Tire (002350) | $1.03 Trillion | 12.11% | 1.50x | $177.38 Million |
| Nexen Tire Prf 1 (002355) | $1.34 Trillion | 9.33% | 1.09x | $107.38 Million |
| Dayou A-Tech (002880) | $44.11 Billion | 11.75% | 6.59x | $13.04 Million |
| Yoo Sung Ent (002920) | $170.85 Billion | 3.47% | 0.31x | $17.41 Million |