Woori SPAC 3
Kangdong C&L Co., Ltd. produces and sells cement in South Korea. It offers Portland, slag, low heat, portland blast furnace cement; special cement; and fly ash cement; ready-mixed concrete; and fly ash. The company was founded in 1962 and is based in Jangseong-eup, South Korea.
Woori SPAC 3 (198440) - Net Assets
Latest net assets as of September 2025: ₩134.75 Billion KRW
Based on the latest financial reports, Woori SPAC 3 (198440) has net assets worth ₩134.75 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 (₩434.25 Billion) and total liabilities (₩299.51 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 | ₩134.75 Billion |
| % of Total Assets | 31.03% |
| Annual Growth Rate | 28.85% |
| 5-Year Change | 45.38% |
| 10-Year Change | N/A |
| Growth Volatility | 142.58 |
Woori SPAC 3 - Net Assets Trend (2015–2024)
This chart illustrates how Woori SPAC 3's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Woori SPAC 3 (2015–2024)
The table below shows the annual net assets of Woori SPAC 3 from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩134.28 Billion | +45.64% |
| 2023-12-31 | ₩92.20 Billion | -15.68% |
| 2022-12-31 | ₩109.33 Billion | -6.67% |
| 2021-12-31 | ₩117.15 Billion | +26.84% |
| 2020-12-31 | ₩92.36 Billion | +4.43% |
| 2019-12-31 | ₩88.45 Billion | +2.24% |
| 2018-12-31 | ₩86.51 Billion | +11.78% |
| 2017-12-31 | ₩77.39 Billion | +459.09% |
| 2016-12-31 | ₩13.84 Billion | +1.00% |
| 2015-12-31 | ₩13.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Woori SPAC 3'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 6859.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩17.64 Billion | 13.13% |
| Common Stock | ₩6.09 Billion | 4.54% |
| Other Components | ₩110.55 Billion | 82.33% |
| Total Equity | ₩134.28 Billion | 100.00% |
Woori SPAC 3 Competitors by Market Cap
The table below lists competitors of Woori SPAC 3 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KINGZA International CO.,Ltd.
TWO:2751
|
$11.34 Million |
|
Daidong Elec
KO:008110
|
$11.34 Million |
|
Balta Group
LSE:0RQK
|
$11.34 Million |
|
FINEDIGITAL Inc
KQ:038950
|
$11.34 Million |
|
Grand Prix International Public Company Limited
BK:GPI
|
$11.33 Million |
|
DatChat Inc
NASDAQ:DATS
|
$11.33 Million |
|
Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS
IS:SAMAT
|
$11.32 Million |
|
IXUP Ltd
AU:IXU
|
$11.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Woori SPAC 3's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 92,196,180,530 to 134,277,570,440, a change of 42,081,389,910 (45.6%).
- Net loss of 7,709,972,490 reduced equity.
- Share repurchases of 49,977,844,550 reduced equity.
- New share issuances of 49,977,844,550 increased equity.
- Other factors increased equity by 49,791,362,400.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-7.71 Billion | -5.74% |
| Share Repurchases | ₩49.98 Billion | -37.22% |
| Share Issuances | ₩49.98 Billion | +37.22% |
| Other Changes | ₩49.79 Billion | +37.08% |
| Total Change | ₩- | 45.64% |
Book Value vs Market Value Analysis
This analysis compares Woori SPAC 3'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: 0.48x
- 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 | ₩1977.54 | ₩1050.00 | x |
| 2017-12-31 | ₩2666.83 | ₩1050.00 | x |
| 2018-12-31 | ₩2705.16 | ₩1050.00 | x |
| 2019-12-31 | ₩2765.65 | ₩1050.00 | x |
| 2020-12-31 | ₩2888.13 | ₩1050.00 | x |
| 2021-12-31 | ₩3663.26 | ₩1050.00 | x |
| 2022-12-31 | ₩3418.84 | ₩1050.00 | x |
| 2023-12-31 | ₩2882.94 | ₩1050.00 | x |
| 2024-12-31 | ₩2206.36 | ₩1050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Woori SPAC 3 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): -5.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.27%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.28x
- Recent ROE (-5.74%) is below the historical average (-0.84%), 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 | 1.36% | 0.00% | 0.00x | 1.10x | ₩-1.18 Billion |
| 2016 | 0.99% | 0.00% | 0.00x | 1.11x | ₩-1.25 Billion |
| 2017 | 1.30% | 1.15% | 0.76x | 1.50x | ₩-6.74 Billion |
| 2018 | 5.37% | 5.42% | 0.67x | 1.47x | ₩-4.01 Billion |
| 2019 | 3.84% | 4.79% | 0.56x | 1.44x | ₩-5.45 Billion |
| 2020 | 4.81% | 6.33% | 0.61x | 1.25x | ₩-4.79 Billion |
| 2021 | 3.96% | 7.06% | 0.45x | 1.25x | ₩-7.08 Billion |
| 2022 | -7.10% | -11.10% | 0.51x | 1.25x | ₩-18.69 Billion |
| 2023 | -17.18% | -31.35% | 0.44x | 1.24x | ₩-25.06 Billion |
| 2024 | -5.74% | -16.27% | 0.11x | 3.28x | ₩-21.14 Billion |
Industry Comparison
This section compares Woori SPAC 3's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $599,472,160,449
- Average return on equity (ROE) among peers: 3.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Woori SPAC 3 (198440) | ₩134.75 Billion | 1.36% | 2.22x | $11.33 Million |
| Chosun Refractories Co Ltd (000480) | $634.19 Billion | 2.14% | 0.53x | $26.36 Million |
| Tongyang Inc (001525) | $788.24 Billion | 2.31% | 0.40x | $144.72 Million |
| Asia Cement (002030) | $1.23 Trillion | 2.84% | 0.39x | $138.40 Million |
| Hanil Cement Co Ltd (003300) | $1.74 Trillion | 0.79% | 0.89x | $128.53 Million |
| Korea Petroleum Industries Co (004090) | $20.15 Billion | 6.85% | 1.54x | $80.96 Million |
| TWay Holdings (004870) | $245.78 Billion | -12.02% | 2.54x | $12.25 Million |
| Sungshin Cemen (004980) | $538.02 Billion | 12.40% | 1.44x | $67.16 Million |
| Sungshin Cement Co Ltd (004985) | $386.88 Billion | 4.31% | 1.74x | $93.23 Million |
| Hyundai Cement (006390) | $398.31 Billion | 7.29% | 1.16x | $23.31 Million |
| Mohenz.Co.Ltd (006920) | $15.60 Billion | 4.02% | 2.74x | $26.41 Million |