Bokwang Industry Co Ltd (225530) - Net Assets
Based on the latest financial reports, Bokwang Industry Co Ltd (225530) has net assets worth ₩88.62 Billion KRW (≈ $60.05 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩170.55 Billion ≈ $115.58 Million USD) and total liabilities (₩81.93 Billion ≈ $55.52 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 Bokwang Industry Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩88.62 Billion |
| % of Total Assets | 51.96% |
| Annual Growth Rate | 15.28% |
| 5-Year Change | 9.02% |
| 10-Year Change | 68.79% |
| Growth Volatility | 35.52 |
Bokwang Industry Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Bokwang Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. See Bokwang Industry Co Ltd (225530) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bokwang Industry Co Ltd (2014–2025)
The table below shows the annual net assets of Bokwang Industry Co Ltd from 2014 to 2025. For live valuation and market cap data, see 225530 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩91.94 Billion ≈ $62.31 Million |
-7.81% |
| 2024-12-31 | ₩99.73 Billion ≈ $67.59 Million |
+4.79% |
| 2023-12-31 | ₩95.18 Billion ≈ $64.50 Million |
+7.03% |
| 2022-12-31 | ₩88.92 Billion ≈ $60.26 Million |
+5.44% |
| 2021-12-31 | ₩84.34 Billion ≈ $57.16 Million |
+8.80% |
| 2020-12-31 | ₩77.52 Billion ≈ $52.53 Million |
+14.43% |
| 2019-12-31 | ₩67.75 Billion ≈ $45.91 Million |
+17.61% |
| 2018-12-31 | ₩57.60 Billion ≈ $39.03 Million |
-1.58% |
| 2017-12-31 | ₩58.53 Billion ≈ $39.66 Million |
+7.45% |
| 2016-12-31 | ₩54.47 Billion ≈ $36.91 Million |
+24.06% |
| 2015-12-31 | ₩43.91 Billion ≈ $29.76 Million |
+128.18% |
| 2014-12-31 | ₩19.24 Billion ≈ $13.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bokwang Industry 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 427.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩58.79 Billion | 63.95% |
| Other Components | ₩33.15 Billion | 36.05% |
| Total Equity | ₩91.94 Billion | 100.00% |
Bokwang Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Bokwang Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INTER RAO Lietuva AB
WAR:IRL
|
$53.94 Million |
|
Tex-Ray Industrial Co Ltd
TW:1467
|
$53.95 Million |
|
Baolong International Co Ltd
TW:1906
|
$54.00 Million |
|
Formet Celik Kapi Sanayi ve Ticaret AS
IS:FORMT
|
$54.00 Million |
|
Tunas Alfin Tbk
JK:TALF
|
$53.93 Million |
|
Zomedica Pharmaceuticals Corp
NYSE MKT:ZOM
|
$53.90 Million |
|
Hotelim Société Anonyme
PA:MLHOT
|
$53.86 Million |
|
Skillsoft Corp.
NYSE:SKIL
|
$53.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bokwang Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 99,733,465,690 to 91,943,542,220, a change of -7,789,923,470 (-7.8%).
- Net loss of 2,492,104,610 reduced equity.
- Dividend payments of 5,450,782,650 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.49 Billion | -2.71% |
| Dividends Paid | ₩5.45 Billion | -5.93% |
| Other Changes | ₩152.96 Million | +0.17% |
| Total Change | ₩- | -7.81% |
Book Value vs Market Value Analysis
This analysis compares Bokwang Industry 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: 0.87x
- 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.
- The price-to-book ratio has decreased from 1.39x to 0.87x 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 | ₩1580.25 | ₩2190.00 | x |
| 2017-12-31 | ₩1697.91 | ₩2190.00 | x |
| 2018-12-31 | ₩1671.06 | ₩2190.00 | x |
| 2019-12-31 | ₩1889.21 | ₩2190.00 | x |
| 2020-12-31 | ₩2133.28 | ₩2190.00 | x |
| 2021-12-31 | ₩2320.95 | ₩2190.00 | x |
| 2022-12-31 | ₩2447.12 | ₩2190.00 | x |
| 2023-12-31 | ₩2619.19 | ₩2190.00 | x |
| 2024-12-31 | ₩2744.56 | ₩2190.00 | x |
| 2025-12-31 | ₩2530.19 | ₩2190.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bokwang Industry 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): -2.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.47%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.91x
- Recent ROE (-2.71%) is below the historical average (12.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 20.42% | 12.47% | 0.68x | 2.41x | ₩2.01 Billion |
| 2015 | 23.02% | 25.10% | 0.47x | 1.93x | ₩5.72 Billion |
| 2016 | 18.74% | 21.40% | 0.54x | 1.61x | ₩4.76 Billion |
| 2017 | 15.58% | 21.69% | 0.47x | 1.54x | ₩3.27 Billion |
| 2018 | 7.93% | 12.23% | 0.40x | 1.61x | ₩-1.19 Billion |
| 2019 | 9.25% | 12.59% | 0.49x | 1.48x | ₩-510.93 Million |
| 2020 | 11.07% | 15.08% | 0.42x | 1.75x | ₩830.69 Million |
| 2021 | 11.99% | 14.06% | 0.49x | 1.73x | ₩1.68 Billion |
| 2022 | 13.58% | 13.80% | 0.60x | 1.64x | ₩3.18 Billion |
| 2023 | 17.51% | 19.50% | 0.52x | 1.74x | ₩7.14 Billion |
| 2024 | 5.25% | 8.20% | 0.36x | 1.80x | ₩-4.73 Billion |
| 2025 | -2.71% | -6.47% | 0.22x | 1.91x | ₩-11.69 Billion |
Industry Comparison
This section compares Bokwang Industry Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,186,509,182,924
- Average return on equity (ROE) among peers: 3.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bokwang Industry Co Ltd (225530) | ₩88.62 Billion | 20.42% | 0.92x | $53.93 Million |
| DL Holdings CO. LTD. (000210) | $4.64 Trillion | 7.11% | 1.32x | $777.31 Million |
| DL Holdings Co Ltd Preferred (000215) | $4.47 Trillion | -10.17% | 1.37x | $28.36 Million |
| Norooholdings (000320) | $279.95 Billion | 2.41% | 1.21x | $124.32 Million |
| Noroo Holdings Co Ltd (000325) | $521.37 Billion | 12.36% | 0.89x | $4.47 Million |
| Samhwa Paint (000390) | $292.41 Billion | 0.67% | 0.85x | $111.33 Million |
| Kangnam Jevisco Co Ltd (000860) | $582.50 Billion | 4.00% | 0.22x | $118.05 Million |
| Paik Kwang Ind (001340) | $180.35 Billion | 8.29% | 0.91x | $184.30 Million |
| Bo Lak (002760) | $48.73 Billion | 4.80% | 0.22x | $37.31 Million |
| Songwon Industrial (004430) | $682.62 Billion | 19.33% | 0.78x | $170.78 Million |
| Cho Kwang Pain (004910) | $174.51 Billion | -13.98% | 0.99x | $26.29 Million |
About Bokwang Industry Co Ltd
HC BoKwang Industry Co.,Ltd manufactures and sells aggregates, ascons, and ready mixed concrete in South Korea. HC BoKwang Industry Co.,Ltd was formerly known as Bokwang Industry Co., Ltd. and changed its name to HC BoKwang Industry Co.,Ltd in July 2025. The company was founded in 1998 and is headquartered in Daegu, South Korea.