COWINTECH Co. Ltd
COWINTECH Co. Ltd. engages in the design, manufacture, and installation of logistics automation systems. The company offers bucket, pallet and roll type automation warehouse products; building and unit racks; single and double reach types; material logistic equipment, including conveyor, automatic shuttle, lifter automation warehouse, de-stacker/magazine, and environment distribution equipment; a… Read more
COWINTECH Co. Ltd (282880) - Net Assets
Latest net assets as of September 2025: ₩272.45 Billion KRW
Based on the latest financial reports, COWINTECH Co. Ltd (282880) has net assets worth ₩272.45 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 (₩431.48 Billion) and total liabilities (₩159.03 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 | ₩272.45 Billion |
| % of Total Assets | 63.14% |
| Annual Growth Rate | 58.91% |
| 5-Year Change | 182.51% |
| 10-Year Change | N/A |
| Growth Volatility | 130.59 |
COWINTECH Co. Ltd - Net Assets Trend (2017–2024)
This chart illustrates how COWINTECH 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 COWINTECH Co. Ltd (2017–2024)
The table below shows the annual net assets of COWINTECH Co. Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩280.86 Billion | +1.53% |
| 2023-12-31 | ₩276.63 Billion | +120.43% |
| 2022-12-31 | ₩125.50 Billion | +20.20% |
| 2021-12-31 | ₩104.40 Billion | +5.02% |
| 2020-12-31 | ₩99.42 Billion | -3.86% |
| 2019-12-31 | ₩103.41 Billion | +389.53% |
| 2018-12-31 | ₩21.12 Billion | +92.51% |
| 2017-12-31 | ₩10.97 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to COWINTECH 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 828.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩61.09 Billion | 34.55% |
| Common Stock | ₩5.57 Billion | 3.15% |
| Other Components | ₩110.16 Billion | 62.30% |
| Total Equity | ₩176.82 Billion | 100.00% |
COWINTECH Co. Ltd Competitors by Market Cap
The table below lists competitors of COWINTECH Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TUL Corporation
TWO:6150
|
$77.27 Million |
|
Power Metals Corp
OTCQB:PWRMF
|
$77.30 Million |
|
3-D Matrix Ltd
PINK:DMTRF
|
$77.30 Million |
|
Lhyfe SA
PINK:LHYFF
|
$77.31 Million |
|
Shelf Drilling Ltd
PINK:SHLLF
|
$77.26 Million |
|
President Bakery Public Company Limited
BK:PB
|
$77.26 Million |
|
Crimson Wine
OTCQB:CWGL
|
$77.26 Million |
|
Kintor Pharmaceutical Limited
PINK:KNTPF
|
$77.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in COWINTECH Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 163,086,420,880 to 176,817,980,720, a change of 13,731,559,840 (8.4%).
- Net income of 16,193,953,000 contributed positively to equity growth.
- Dividend payments of 4,634,605,700 reduced retained earnings.
- Share repurchases of 955,509,160 reduced equity.
- New share issuances of 454,864,800 increased equity.
- Other factors increased equity by 2,672,856,900.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩16.19 Billion | +9.16% |
| Dividends Paid | ₩4.63 Billion | -2.62% |
| Share Repurchases | ₩955.51 Million | -0.54% |
| Share Issuances | ₩454.86 Million | +0.26% |
| Other Changes | ₩2.67 Billion | +1.51% |
| Total Change | ₩- | 8.42% |
Book Value vs Market Value Analysis
This analysis compares COWINTECH 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: 0.94x
- 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 10.44x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩1420.22 | ₩14830.00 | x |
| 2018-12-31 | ₩2734.06 | ₩14830.00 | x |
| 2019-12-31 | ₩10814.53 | ₩14830.00 | x |
| 2020-12-31 | ₩10530.42 | ₩14830.00 | x |
| 2021-12-31 | ₩10723.05 | ₩14830.00 | x |
| 2022-12-31 | ₩12900.26 | ₩14830.00 | x |
| 2023-12-31 | ₩15117.40 | ₩14830.00 | x |
| 2024-12-31 | ₩15719.36 | ₩14830.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently COWINTECH 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): 9.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.63%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.48x
- Recent ROE (9.16%) is below the historical average (13.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 16.07% | 4.39% | 1.70x | 2.15x | ₩666.10 Million |
| 2018 | 48.95% | 13.46% | 1.90x | 1.91x | ₩8.23 Billion |
| 2019 | 16.57% | 18.81% | 0.79x | 1.11x | ₩6.79 Billion |
| 2020 | 2.56% | 5.61% | 0.36x | 1.28x | ₩-7.40 Billion |
| 2021 | 5.34% | 5.25% | 0.57x | 1.79x | ₩-4.86 Billion |
| 2022 | 3.94% | 2.46% | 0.59x | 2.74x | ₩-7.60 Billion |
| 2023 | 7.24% | 3.52% | 0.72x | 2.86x | ₩-4.49 Billion |
| 2024 | 9.16% | 6.63% | 0.56x | 2.48x | ₩-1.49 Billion |
Industry Comparison
This section compares COWINTECH Co. Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $135,419,592,788
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| COWINTECH Co. Ltd (282880) | ₩272.45 Billion | 16.07% | 0.58x | $77.27 Million |
| Hwacheon Mac (000850) | $337.27 Billion | 2.57% | 0.27x | $28.32 Million |
| Daidong Elec (008110) | $88.61 Billion | 9.10% | 0.47x | $11.34 Million |
| Booster Co. Ltd (008470) | $78.71 Billion | -1.57% | 0.22x | $7.43 Million |
| Simpac (009160) | $177.87 Billion | 4.27% | 0.64x | $73.77 Million |
| Kyung Dong Navien Co Ltd (009450) | $187.28 Billion | 5.94% | 0.89x | $260.71 Million |
| Korea Refract (010040) | $108.02 Billion | 5.31% | 0.90x | $5.93 Million |
| Woojin I&S Co Ltd (010400) | $59.84 Billion | 17.27% | 0.32x | $6.85 Million |
| Hwacheon Machi (010660) | $124.59 Billion | -4.92% | 0.27x | $43.29 Million |
| Han Shin Mach (011700) | $89.60 Billion | -1.35% | 0.41x | $87.00 Million |
| STX Corporation (011810) | $102.41 Billion | -13.24% | 6.24x | $45.77 Million |