NOVAREX Co.Ltd
NOVAREX Co.,Ltd. manufactures, wholesales, and retails health and functional foods in South Korea and internationally. It offers lactic acid bacteria, omega-3, icle time, eye health, diet, boswellia, and lutein and zeaxanthin, as well as vitamin and mineral products in the form of tablets, soft and hard capsules, powder, liquid, gel, and jellies. The company was formerly known as Health Science C… Read more
NOVAREX Co.Ltd (194700) - Net Assets
Latest net assets as of September 2025: ₩244.16 Billion KRW
Based on the latest financial reports, NOVAREX Co.Ltd (194700) has net assets worth ₩244.16 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 (₩341.56 Billion) and total liabilities (₩97.40 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 | ₩244.16 Billion |
| % of Total Assets | 71.48% |
| Annual Growth Rate | 22.17% |
| 5-Year Change | 90.52% |
| 10-Year Change | N/A |
| Growth Volatility | 12.14 |
NOVAREX Co.Ltd - Net Assets Trend (2015–2024)
This chart illustrates how NOVAREX 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 NOVAREX Co.Ltd (2015–2024)
The table below shows the annual net assets of NOVAREX Co.Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩220.26 Billion | +9.90% |
| 2023-12-31 | ₩200.42 Billion | +10.50% |
| 2022-12-31 | ₩181.37 Billion | +29.86% |
| 2021-12-31 | ₩139.67 Billion | +20.81% |
| 2020-12-31 | ₩115.61 Billion | +25.95% |
| 2019-12-31 | ₩91.79 Billion | +16.30% |
| 2018-12-31 | ₩78.93 Billion | +52.14% |
| 2017-12-31 | ₩51.88 Billion | +16.27% |
| 2016-12-31 | ₩44.62 Billion | +22.89% |
| 2015-12-31 | ₩36.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to NOVAREX 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 684.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩160.23 Billion | 73.08% |
| Other Components | ₩59.02 Billion | 26.92% |
| Total Equity | ₩219.26 Billion | 100.00% |
NOVAREX Co.Ltd Competitors by Market Cap
The table below lists competitors of NOVAREX Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Southern Score Builders Berhad
KLSE:0045
|
$100.69 Million |
|
Sula Vineyards Limited
NSE:SULA
|
$100.70 Million |
|
Paysign Inc
NASDAQ:PAYS
|
$100.71 Million |
|
BEEKS FIN CLD LS-00125
F:1BZ
|
$100.73 Million |
|
Ci&T Inc
NYSE:CINT
|
$100.68 Million |
|
First Real Estate Investment Trust of New Jersey Inc
PINK:FREVS
|
$100.68 Million |
|
HKScan Oyj Series A
LSE:0ISM
|
$100.63 Million |
|
Dinhvu Port Investment Development JSC
VN:DVP
|
$100.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NOVAREX Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 200,232,715,320 to 219,256,138,080, a change of 19,023,422,760 (9.5%).
- Net income of 23,016,744,640 contributed positively to equity growth.
- Dividend payments of 3,540,443,200 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩23.02 Billion | +10.5% |
| Dividends Paid | ₩3.54 Billion | -1.61% |
| Other Changes | ₩-452.88 Million | -0.21% |
| Total Change | ₩- | 9.50% |
Book Value vs Market Value Analysis
This analysis compares NOVAREX 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: 1.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.72x to 1.09x 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 | ₩2870.45 | ₩13540.00 | x |
| 2017-12-31 | ₩3331.82 | ₩13540.00 | x |
| 2018-12-31 | ₩4875.78 | ₩13540.00 | x |
| 2019-12-31 | ₩5670.58 | ₩13540.00 | x |
| 2020-12-31 | ₩7142.03 | ₩13540.00 | x |
| 2021-12-31 | ₩8628.31 | ₩13540.00 | x |
| 2022-12-31 | ₩10231.49 | ₩13540.00 | x |
| 2023-12-31 | ₩11311.17 | ₩13540.00 | x |
| 2024-12-31 | ₩12385.80 | ₩13540.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NOVAREX 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): 10.50%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.73%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 1.32x
- Recent ROE (10.50%) is below the historical average (16.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 26.63% | 11.69% | 1.47x | 1.55x | ₩6.04 Billion |
| 2016 | 20.62% | 11.93% | 1.28x | 1.35x | ₩4.74 Billion |
| 2017 | 15.62% | 10.02% | 1.13x | 1.38x | ₩2.92 Billion |
| 2018 | 12.02% | 8.84% | 1.01x | 1.35x | ₩1.60 Billion |
| 2019 | 16.02% | 9.25% | 1.03x | 1.68x | ₩5.53 Billion |
| 2020 | 21.75% | 11.28% | 1.03x | 1.86x | ₩13.58 Billion |
| 2021 | 18.90% | 9.47% | 1.09x | 1.82x | ₩12.43 Billion |
| 2022 | 11.03% | 7.10% | 1.04x | 1.49x | ₩1.87 Billion |
| 2023 | 11.01% | 7.29% | 1.14x | 1.32x | ₩2.01 Billion |
| 2024 | 10.50% | 7.73% | 1.03x | 1.32x | ₩1.09 Billion |
Industry Comparison
This section compares NOVAREX Co.Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $383,167,334,826
- Average return on equity (ROE) among peers: 4.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NOVAREX Co.Ltd (194700) | ₩244.16 Billion | 26.63% | 0.40x | $100.69 Million |
| Daehan Flour Mills Co Ltd (001130) | $489.63 Billion | 6.13% | 0.50x | $92.10 Million |
| Daesang Corp (001680) | $484.66 Billion | 6.60% | 1.67x | $297.74 Million |
| Daesang Corp Preference Shares (001685) | $867.27 Billion | 7.45% | 1.66x | $257.13 Million |
| Korea Ind (002140) | $66.54 Billion | 7.12% | 1.23x | $24.66 Million |
| Choheung (002600) | $149.64 Billion | 0.24% | 1.63x | $16.50 Million |
| Sam Yang Foods (003230) | $53.38 Billion | 0.00% | 4.82x | $2.87 Billion |
| Daejoo Inc (003310) | $47.00 Billion | 3.26% | 0.70x | $60.49 Million |
| Harim Holdings Co. Ltd (003380) | $808.31 Billion | 21.63% | 7.74x | $434.99 Million |
| Hansung Ent (003680) | $52.28 Billion | 2.70% | 3.49x | $11.05 Million |
| Namyang Dairy (003920) | $812.96 Billion | -7.24% | 0.15x | $115.08 Million |