WAPS Co. Ltd (196700) - Net Assets
Based on the latest financial reports, WAPS Co. Ltd (196700) has net assets worth ₩38.37 Billion KRW (≈ $26.01 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩72.01 Billion ≈ $48.80 Million USD) and total liabilities (₩33.63 Billion ≈ $22.79 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. Check WAPS Co. Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩38.37 Billion |
| % of Total Assets | 53.29% |
| Annual Growth Rate | 6.13% |
| 5-Year Change | 1.16% |
| 10-Year Change | -2.42% |
| Growth Volatility | 27.02 |
WAPS Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how WAPS Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore WAPS Co. Ltd (196700) total assets for the complete picture of this company's asset base.
Annual Net Assets for WAPS Co. Ltd (2014–2024)
The table below shows the annual net assets of WAPS Co. Ltd from 2014 to 2024. For live valuation and market cap data, see market cap of WAPS Co. Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩37.16 Billion ≈ $25.18 Million |
+8.80% |
| 2023-12-31 | ₩34.15 Billion ≈ $23.14 Million |
+1.81% |
| 2022-12-31 | ₩33.55 Billion ≈ $22.73 Million |
-19.16% |
| 2021-12-31 | ₩41.50 Billion ≈ $28.12 Million |
+12.98% |
| 2020-12-31 | ₩36.73 Billion ≈ $24.89 Million |
-5.47% |
| 2019-12-31 | ₩38.86 Billion ≈ $26.33 Million |
-0.42% |
| 2018-12-31 | ₩39.02 Billion ≈ $26.44 Million |
+0.18% |
| 2017-12-31 | ₩38.95 Billion ≈ $26.40 Million |
-2.92% |
| 2016-12-31 | ₩40.13 Billion ≈ $27.19 Million |
+5.38% |
| 2015-12-31 | ₩38.08 Billion ≈ $25.80 Million |
+85.88% |
| 2014-12-31 | ₩20.48 Billion ≈ $13.88 Million |
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Equity Component Analysis
This analysis shows how different components contribute to WAPS 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 19.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩12.65 Billion | 34.05% |
| Common Stock | ₩7.18 Billion | 19.33% |
| Other Components | ₩17.32 Billion | 46.62% |
| Total Equity | ₩37.16 Billion | 100.00% |
WAPS Co. Ltd Competitors by Market Cap
The table below lists competitors of WAPS Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mandarin Hotel Public Company Limited
BK:MANRIN
|
$19.37 Million |
|
Ba Ria Thermal Power JSC
VN:BTP
|
$19.40 Million |
|
Macro Metals Ltd
AU:M4M
|
$19.40 Million |
|
Korporacja KGL S.A.
WAR:KGL
|
$19.41 Million |
|
Altima Resources Ltd
V:ARH
|
$19.37 Million |
|
FINEDIGITAL Inc
KQ:038950
|
$19.37 Million |
|
NB Distressed Debt Inv Extended Life
LSE:NBDX
|
$19.37 Million |
|
RENN Fund Inc
NYSE MKT:RCG
|
$19.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WAPS Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 34,151,437,540 to 37,157,895,520, a change of 3,006,457,980 (8.8%).
- Net income of 1,196,158,340 contributed positively to equity growth.
- Other factors increased equity by 1,810,299,640.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.20 Billion | +3.22% |
| Other Changes | ₩1.81 Billion | +4.87% |
| Total Change | ₩- | 8.80% |
Book Value vs Market Value Analysis
This analysis compares WAPS 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: 0.77x
- 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 | ₩2929.18 | ₩1990.00 | x |
| 2017-12-31 | ₩2843.50 | ₩1990.00 | x |
| 2018-12-31 | ₩2848.50 | ₩1990.00 | x |
| 2019-12-31 | ₩2836.63 | ₩1990.00 | x |
| 2020-12-31 | ₩2681.42 | ₩1990.00 | x |
| 2021-12-31 | ₩2888.98 | ₩1990.00 | x |
| 2022-12-31 | ₩2335.37 | ₩1990.00 | x |
| 2023-12-31 | ₩2377.55 | ₩1990.00 | x |
| 2024-12-31 | ₩2586.85 | ₩1990.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WAPS 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): 3.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.51%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.91x
- Recent ROE (3.22%) is above the historical average (0.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 16.24% | 11.94% | 0.76x | 1.78x | ₩1.28 Billion |
| 2015 | 7.03% | 9.64% | 0.45x | 1.62x | ₩-1.13 Billion |
| 2016 | 4.85% | 7.14% | 0.41x | 1.65x | ₩-2.07 Billion |
| 2017 | -1.99% | -2.53% | 0.46x | 1.70x | ₩-4.67 Billion |
| 2018 | -0.06% | -0.09% | 0.42x | 1.72x | ₩-3.93 Billion |
| 2019 | -0.58% | -0.79% | 0.42x | 1.77x | ₩-4.11 Billion |
| 2020 | -2.27% | -2.56% | 0.49x | 1.82x | ₩-4.51 Billion |
| 2021 | 1.26% | 1.49% | 0.50x | 1.70x | ₩-3.63 Billion |
| 2022 | -25.33% | -24.97% | 0.55x | 1.83x | ₩-11.85 Billion |
| 2023 | 2.93% | 2.76% | 0.54x | 1.98x | ₩-2.41 Billion |
| 2024 | 3.22% | 3.51% | 0.48x | 1.91x | ₩-2.52 Billion |
Industry Comparison
This section compares WAPS Co. Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,398,775,213,159
- Average return on equity (ROE) among peers: 6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WAPS Co. Ltd (196700) | ₩38.37 Billion | 16.24% | 0.88x | $19.37 Million |
| DL Holdings CO. LTD. (000210) | $6.05 Trillion | 10.68% | 1.12x | $956.03 Million |
| DL Holdings Co Ltd Preferred (000215) | $5.69 Trillion | 8.61% | 1.35x | $33.38 Million |
| Norooholdings (000320) | $533.52 Billion | 2.04% | 0.82x | $152.80 Million |
| Noroo Holdings Co Ltd (000325) | $567.47 Billion | 0.81% | 0.78x | $5.09 Million |
| Samhwa Paint (000390) | $299.72 Billion | 1.87% | 0.96x | $155.72 Million |
| Kangnam Jevisco Co Ltd (000860) | $173.69 Billion | 10.08% | 0.57x | $144.04 Million |
| Paik Kwang Ind (001340) | $199.88 Billion | 10.74% | 0.84x | $221.10 Million |
| Bo Lak (002760) | $45.54 Billion | 3.72% | 0.24x | $45.75 Million |
| Songwon Industrial (004430) | $286.72 Billion | 7.18% | 2.01x | $256.17 Million |
| Cho Kwang Pain (004910) | $136.66 Billion | 8.59% | 0.66x | $33.47 Million |
About WAPS Co. Ltd
WAPS Co., Ltd manufactures and sells various value-added new polymer materials, such as automobile interior materials, construction, and leisure materials. The company also offers construction exterior materials for buildings used for landscape/architecture exterior, such as deck, fence, and siding. Its products are used to produce various products, such as electric, electronic, automobile parts,… Read more