TOPMATERIAL LTD (360070) - Net Assets
Based on the latest financial reports, TOPMATERIAL LTD (360070) has net assets worth ₩131.55 Billion KRW (≈ $89.15 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 (₩204.05 Billion ≈ $138.28 Million USD) and total liabilities (₩72.50 Billion ≈ $49.13 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 TOPMATERIAL LTD asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩131.55 Billion |
| % of Total Assets | 64.47% |
| Annual Growth Rate | 75.3% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 117.46 |
TOPMATERIAL LTD - Net Assets Trend (2021–2024)
This chart illustrates how TOPMATERIAL LTD's net assets have evolved over time, based on quarterly financial data. Also explore TOPMATERIAL LTD (360070) total assets for the complete picture of this company's asset base.
Annual Net Assets for TOPMATERIAL LTD (2021–2024)
The table below shows the annual net assets of TOPMATERIAL LTD from 2021 to 2024. For live valuation and market cap data, see market value of TOPMATERIAL LTD.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | ₩141.20 Billion ≈ $95.69 Million |
-9.25% |
| 2023-09-30 | ₩155.59 Billion ≈ $105.44 Million |
+61.51% |
| 2022-09-30 | ₩96.33 Billion ≈ $65.28 Million |
+267.64% |
| 2021-09-30 | ₩26.20 Billion ≈ $17.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TOPMATERIAL 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 1632300738000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩10.55 Billion | 7.47% |
| Other Components | ₩130.64 Billion | 92.53% |
| Total Equity | ₩141.20 Billion | 100.00% |
TOPMATERIAL LTD Competitors by Market Cap
The table below lists competitors of TOPMATERIAL LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Control Print Limited
NSE:CONTROLPR
|
$110.15 Million |
|
Macrogen Inc
KQ:038290
|
$110.15 Million |
|
Nonthavej Hospital Public Company Limited
BK:NTV
|
$110.21 Million |
|
Cube Entertainment Inc
KQ:182360
|
$110.23 Million |
|
Vacasa Inc
NASDAQ:VCSA
|
$110.13 Million |
|
Nabaltec AG
F:NTG
|
$110.08 Million |
|
Frontier Transport Holdings Ltd
JSE:FTH
|
$110.08 Million |
|
MMTEC Inc
NASDAQ:MTC
|
$110.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOPMATERIAL LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 155,585,835,430 to 141,198,932,740, a change of -14,386,902,690 (-9.2%).
- Net loss of 8,155,155,440 reduced equity.
- Dividend payments of 3,372,937,200 reduced retained earnings.
- Share repurchases of 3,007,409,050 reduced equity.
- New share issuances of 454,864,800 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-8.16 Billion | -5.78% |
| Dividends Paid | ₩3.37 Billion | -2.39% |
| Share Repurchases | ₩3.01 Billion | -2.13% |
| Share Issuances | ₩454.86 Million | +0.32% |
| Other Changes | ₩-306.27 Million | -0.22% |
| Total Change | ₩- | -9.25% |
Book Value vs Market Value Analysis
This analysis compares TOPMATERIAL 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: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.19x to 1.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | ₩3281.82 | ₩20300.00 | x |
| 2022-09-30 | ₩12065.43 | ₩20300.00 | x |
| 2023-09-30 | ₩19486.37 | ₩20300.00 | x |
| 2024-09-30 | ₩17646.28 | ₩20300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOPMATERIAL 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): -5.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.69%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.47x
- Recent ROE (-5.78%) is below the historical average (8.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 16.35% | 13.43% | 1.00x | 1.22x | ₩1.66 Billion |
| 2022 | 10.96% | 16.75% | 0.52x | 1.26x | ₩922.27 Million |
| 2023 | 11.29% | 14.38% | 0.60x | 1.31x | ₩2.01 Billion |
| 2024 | -5.78% | -7.69% | 0.51x | 1.47x | ₩-22.28 Billion |
Industry Comparison
This section compares TOPMATERIAL LTD's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $565,000,713,308
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOPMATERIAL LTD (360070) | ₩131.55 Billion | 16.35% | 0.55x | $110.13 Million |
| Hankook Tire Worldwide (000240) | $1.77 Trillion | -1.14% | 2.04x | $1.60 Billion |
| Daewonkangup (000430) | $111.59 Billion | 3.26% | 1.76x | $183.40 Million |
| SG Choongbang Co Ltd (001380) | $26.46 Billion | 0.00% | 8.99x | $33.46 Million |
| Tae Won Mulsan (001420) | $32.20 Billion | 1.67% | 0.19x | $15.16 Million |
| Dongkook Ind (001620) | $170.07 Billion | -12.97% | 2.34x | $48.42 Million |
| PS Tec. Co. Ltd (002230) | $42.65 Billion | 9.95% | 0.26x | $112.51 Million |
| Nexen Tire (002350) | $1.60 Trillion | 0.30% | 1.39x | $484.20 Million |
| Nexen Tire Prf 1 (002355) | $1.56 Trillion | 7.59% | 1.21x | $19.07 Million |
| Dayou A-Tech (002880) | $52.20 Billion | 11.76% | 2.72x | $31.63 Million |
| Yoo Sung Ent (002920) | $289.11 Billion | 3.03% | 0.31x | $33.27 Million |
About TOPMATERIAL LTD
TOP MATERIAL Co., Ltd manufactures and sells primary cells and batteries, and accumulators in South Korea. It offers cathode materials; and primer coatings and electrodes, as well as range of engineering services and equipment to design and set up a manufacturing line for cylindrical cells or pouch cells or AL prismatic cells for pilot scale or giga scale. The company was founded in 2012 and is h… Read more