WAPS Co. Ltd (196700) - Net Assets
Based on the latest financial reports, WAPS Co. Ltd (196700) has net assets worth ₩43.92 Billion KRW (≈ $29.76 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩76.90 Billion ≈ $52.11 Million USD) and total liabilities (₩32.98 Billion ≈ $22.35 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 196700 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩43.92 Billion |
| % of Total Assets | 57.11% |
| Annual Growth Rate | 6.36% |
| 5-Year Change | -2.75% |
| 10-Year Change | 0.57% |
| Growth Volatility | 25.76 |
WAPS Co. Ltd - Net Assets Trend (2014–2025)
This chart illustrates how WAPS Co. Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 196700 market cap overview.
Annual Net Assets for WAPS Co. Ltd (2014–2025)
The table below shows the annual net assets of WAPS Co. Ltd from 2014 to 2025. Also explore WAPS Co. Ltd (196700) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩40.36 Billion ≈ $27.35 Million |
+8.61% |
| 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 grown by 6.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩16.76 Billion | 41.53% |
| Other Components | ₩23.60 Billion | 58.47% |
| Total Equity | ₩40.36 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 |
|---|---|
|
Biotechnology Assets S.A.
MC:BST
|
$13.52 Million |
|
Powerhouse Ventures Ltd
AU:PVL
|
$13.54 Million |
|
Malpac Holdings Bhd
KLSE:4936
|
$13.56 Million |
|
City Steel Public Company Limited
BK:CITY
|
$13.56 Million |
|
Anebulo Pharmaceuticals Inc
NASDAQ:ANEB
|
$13.52 Million |
|
Finlay Minerals Ltd
V:FYL
|
$13.52 Million |
|
DeepMarkit Corp
V:MKT
|
$13.52 Million |
|
Unimit Engineering Public Company Limited
BK:UEC
|
$13.51 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 2024 to 2025, total equity changed from 37,157,895,520 to 40,355,873,750, a change of 3,197,978,230 (8.6%).
- Net income of 4,104,554,460 contributed positively to equity growth.
- Other factors decreased equity by 906,576,230.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩4.10 Billion | +10.17% |
| Other Changes | ₩-906.58 Million | -2.25% |
| Total Change | ₩- | 8.61% |
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: 0.49x
- 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 | ₩1389.00 | x |
| 2017-12-31 | ₩2843.50 | ₩1389.00 | x |
| 2018-12-31 | ₩2848.50 | ₩1389.00 | x |
| 2019-12-31 | ₩2836.63 | ₩1389.00 | x |
| 2020-12-31 | ₩2681.42 | ₩1389.00 | x |
| 2021-12-31 | ₩2888.98 | ₩1389.00 | x |
| 2022-12-31 | ₩2335.37 | ₩1389.00 | x |
| 2023-12-31 | ₩2377.55 | ₩1389.00 | x |
| 2024-12-31 | ₩2586.85 | ₩1389.00 | x |
| 2025-12-31 | ₩2809.49 | ₩1389.00 | 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): 10.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.51%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.81x
- Recent ROE (10.17%) is above the historical average (1.29%), 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 |
| 2025 | 10.17% | 9.51% | 0.59x | 1.81x | ₩68.97 Million |
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: $1,108,606,879,159
- Average return on equity (ROE) among peers: 5.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WAPS Co. Ltd (196700) | ₩43.92 Billion | 16.24% | 0.75x | $13.52 Million |
| DL Holdings CO. LTD. (000210) | $1.84 Trillion | 11.74% | 1.01x | $770.22 Million |
| DL Holdings Co Ltd Preferred (000215) | $6.74 Trillion | 9.87% | 1.00x | $28.99 Million |
| Norooholdings (000320) | $577.97 Billion | 2.42% | 0.82x | $111.47 Million |
| Noroo Holdings Co Ltd (000325) | $402.45 Billion | 6.47% | 1.12x | $4.50 Million |
| Samhwa Paint (000390) | $287.82 Billion | 8.63% | 0.78x | $116.54 Million |
| Kangnam Jevisco Co Ltd (000860) | $661.93 Billion | 6.82% | 0.37x | $110.30 Million |
| Paik Kwang Ind (001340) | $130.21 Billion | 4.87% | 1.15x | $145.71 Million |
| Bo Lak (002760) | $39.25 Billion | 1.83% | 0.27x | $40.59 Million |
| Songwon Industrial (004430) | $288.63 Billion | -4.39% | 1.97x | $188.51 Million |
| Cho Kwang Pain (004910) | $116.11 Billion | 5.19% | 0.74x | $23.89 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