Weiss Korea Opportunity Fund (WKOF) - Net Assets
Based on the latest financial reports, Weiss Korea Opportunity Fund (WKOF) has net assets worth GBX96.96 Million GBX (≈ $11.80K USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX97.96 Million ≈ $11.92K USD) and total liabilities (GBX999.31K ≈ $121.59 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. Read WKOF total debt and obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX96.96 Million |
| % of Total Assets | 98.98% |
| Annual Growth Rate | -1.45% |
| 5-Year Change | -52.27% |
| 10-Year Change | -26.06% |
| Growth Volatility | 22.7 |
Weiss Korea Opportunity Fund - Net Assets Trend (2013–2024)
This chart illustrates how Weiss Korea Opportunity Fund's net assets have evolved over time, based on quarterly financial data. Also explore WKOF total assets for the complete picture of this company's asset base.
Annual Net Assets for Weiss Korea Opportunity Fund (2013–2024)
The table below shows the annual net assets of Weiss Korea Opportunity Fund from 2013 to 2024. For live valuation and market cap data, see WKOF company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX96.96 Million ≈ $11.80K |
-17.02% |
| 2023-12-31 | GBX116.85 Million ≈ $14.22K |
-8.05% |
| 2022-12-31 | GBX127.08 Million ≈ $15.46K |
-23.69% |
| 2021-12-31 | GBX166.54 Million ≈ $20.26K |
-18.01% |
| 2020-12-31 | GBX203.12 Million ≈ $24.71K |
+59.96% |
| 2019-12-31 | GBX126.99 Million ≈ $15.45K |
+0.39% |
| 2018-12-31 | GBX126.49 Million ≈ $15.39K |
-21.56% |
| 2017-12-31 | GBX161.26 Million ≈ $19.62K |
+10.17% |
| 2016-12-31 | GBX146.37 Million ≈ $17.81K |
+11.61% |
| 2015-12-31 | GBX131.14 Million ≈ $15.96K |
+3.74% |
| 2014-12-31 | GBX126.42 Million ≈ $15.38K |
+11.01% |
| 2013-12-31 | GBX113.88 Million ≈ $13.86K |
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Equity Component Analysis
This analysis shows how different components contribute to Weiss Korea Opportunity Fund'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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX33.91 Million | 34.98% |
| Other Components | GBX63.05 Million | 65.02% |
| Total Equity | GBX96.96 Million | 100.00% |
Weiss Korea Opportunity Fund Competitors by Market Cap
The table below lists competitors of Weiss Korea Opportunity Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Infotrust Ltd
AU:ITS
|
$2.98K |
|
Ordinary Fully Paid Deferred Settlement
AU:IXRDB
|
$3.04K |
|
Thai Union Group Public Company Limited
F:THYG
|
$3.05K |
|
PTT OIL+RET.BUS.-FOR-BA10
F:7F8
|
$3.06K |
|
Polyplex (Thailand) Public Company Limited
F:PKW
|
$2.82K |
|
Taiwan Styrene Monomer Corp
TW:1310
|
$2.80K |
|
BurgerFi International, Inc.
NASDAQ:BFICQ
|
$2.74K |
|
TTW Public Company Limited
F:F1P
|
$2.68K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Weiss Korea Opportunity Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 116,849,704 to 96,960,467, a change of -19,889,237 (-17.0%).
- Net loss of 16,297,753 reduced equity.
- Dividend payments of 3,591,484 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-16.30 Million | -16.81% |
| Dividends Paid | GBX3.59 Million | -3.7% |
| Total Change | GBX- | -17.02% |
Book Value vs Market Value Analysis
This analysis compares Weiss Korea Opportunity Fund'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: 85.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 110.64x to 85.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | GBX1.08 | GBX120.00 | x |
| 2014-12-31 | GBX1.20 | GBX120.00 | x |
| 2015-12-31 | GBX1.30 | GBX120.00 | x |
| 2016-12-31 | GBX1.50 | GBX120.00 | x |
| 2017-12-31 | GBX1.78 | GBX120.00 | x |
| 2018-12-31 | GBX1.50 | GBX120.00 | x |
| 2019-12-31 | GBX1.54 | GBX120.00 | x |
| 2020-12-31 | GBX2.49 | GBX120.00 | x |
| 2021-12-31 | GBX2.26 | GBX120.00 | x |
| 2022-12-31 | GBX1.83 | GBX120.00 | x |
| 2023-12-31 | GBX2.03 | GBX120.00 | x |
| 2024-12-31 | GBX1.40 | GBX120.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Weiss Korea Opportunity Fund 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): -16.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.14x
- • Equity Multiplier: 1.01x
- Recent ROE (-16.81%) is below the historical average (3.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.64% | 92.65% | 0.10x | 1.01x | GBX-406.86K |
| 2014 | 11.11% | 92.72% | 0.12x | 1.01x | GBX1.41 Million |
| 2015 | 12.01% | 93.24% | 0.13x | 1.01x | GBX2.63 Million |
| 2016 | 11.98% | 91.49% | 0.13x | 1.01x | GBX2.90 Million |
| 2017 | 24.53% | 95.67% | 0.25x | 1.03x | GBX23.43 Million |
| 2018 | -25.21% | 0.00% | -0.23x | 1.01x | GBX-44.54 Million |
| 2019 | 6.25% | 77.78% | 0.08x | 1.01x | GBX-4.77 Million |
| 2020 | 39.07% | 96.11% | 0.40x | 1.02x | GBX59.05 Million |
| 2021 | 1.08% | 35.98% | 0.03x | 1.01x | GBX-14.86 Million |
| 2022 | -27.58% | 0.00% | -0.25x | 1.02x | GBX-47.75 Million |
| 2023 | -5.52% | 0.00% | -0.03x | 1.02x | GBX-18.13 Million |
| 2024 | -16.81% | 0.00% | -0.14x | 1.01x | GBX-25.99 Million |
Industry Comparison
This section compares Weiss Korea Opportunity Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $736,561,500
- Average return on equity (ROE) among peers: 6.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Weiss Korea Opportunity Fund (WKOF) | GBX96.96 Million | 9.64% | 0.01x | $2.97K |
| 3I Infrastructure PLC (3IN) | $2.39 Billion | 8.62% | 0.01x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $34.66 Million | 4.31% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $231.95 Million | 1.88% | 0.05x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $430.11 Million | 14.14% | 0.10x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $79.90 Million | 12.21% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $3.19 Billion | 8.89% | 40.63x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $377.79 Million | 10.81% | 0.24x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $95.23 Million | 0.14% | 0.02x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $220.75 Million | 16.27% | 0.00x | $405.87 |
About Weiss Korea Opportunity Fund
Weiss Korea Opportunity Fund Ltd.is a closed-ended equity mutual fund launched and managed by Weiss Asset Management LP. The fund invests in the public equity markets of South Korea. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in stocks of companies across diversified market capitalizations. The fund primarily invests in value stocks and prefer… Read more