THN (티에이치엔, 019180) as it stands in its DART filings — price-to-book measured against total equity and against the equity attributable to the parent company’s own shareholders, five years of headline figures, and the shareholder-return record. Every figure below links to the filing it was read from.
USD 83m
gap +0.7%
Five years, as filed
| KRW bn | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 403 | 470 | 586 | 651 | 989 |
| Operating profit | 19.8 | 1.1 | 43.1 | 31.0 | 70.1 |
| Net profit (total) | 16.8 | -6.3 | 27.6 | 33.5 | 68.7 |
| Net profit (owners’ share) | 17.2 | -4.8 | 28.4 | 31.8 | 68.7 |
| Equity (total) | 87.7 | 91.4 | 118 | 148 | 226 |
| Equity (owners’ share) | 86.9 | 86.9 | 112 | 148 | 225 |
| Net cash | -101 | -93.3 | -66.1 | -33.6 | -17.9 |
| Filing | receipt | receipt | receipt | receipt | receipt |
Amounts in KRW bn, rounded. An em dash means the filing does not carry that line — it is left empty rather than estimated. Net cash is cash and short-term financial instruments less total borrowings and bonds; lease liabilities are excluded.
Shareholder returns
| Dividend | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Per share (KRW) | 50 | 50 | 60 | 60 | 120 |
| Filing | receipt | receipt | receipt | receipt | receipt |
- Treasury — The FY2025 report does not state a treasury holding. · receipt
- Shares — 18,000,000 ordinary shares listed on 2026-08-14; 18,000,000 in the FY2025 annual report (+0.0%) · receipt
- Share cancellations — none filed in 2021–2026.
How these figures were read
- Consolidated financial statements (CFS). Equity and profit are split between the parent shareholders’ share and non-controlling interests, and the two P/B readings use total equity and the parent share respectively.
- Total borrowings. For net cash, the component accounts are only partly present, so total borrowings is the sum of every leaf line whose account name contains “borrowing” or “bond”, with lease liabilities excluded.
- Nothing is left open on the borrowings side. Borrowings are read from the lines named as borrowings or bonds. This balance sheet carries no other financial-liability line at all, so there is no unnamed amount that could enlarge them, and net cash is published as read.
- Market capitalisation. The ordinary shares listed on 2026-08-14 times the closing price on that day, so the price and the share count carry the same date. Preferred shares are excluded. The share count printed in the FY2025 annual report is kept separately above, because it is stated as at the financial year-end.
Where this sits
- This row in the 183-company table — sort and compare it against the rest of the universe, or download the full CSV.
- Methodology — how the universe was drawn, what was excluded, the identity rules, and how total borrowings are summed.
- THN (019180): A 63-Fold Jump in Operating Profit — So Why Does the Market Pay Only 1.4x? — our written analysis of this company.
- Stock Tracking — this company is on the tracking ledger, which is updated each quarter.
- Data room — every dataset on this site.
Source: DART filings · Dataset v1.3 (changelog) · Base date 2026-08-14 · Next update: Q3 filings (Nov 2026). This page is a record of what the filings say. It is not a recommendation to buy or sell any security, it carries no price target and no trade timing, and it does not say whether a share is cheap or dear. Figures are as at the base date and change afterwards. See the disclaimer.