Mirae ING Co Ltd
MiraeING.Co.,Ltd. develops and supplies defense security products in South Korea and internationally. It offers shooting command equipment for self-propelled howitzers, and various fire power equipment. The company also provides messaging services to banking, securities, and other financial institutions and corporate customers; and Trade Services Utility, a service that in-sources and processes c… Read more
Mirae ING Co Ltd (007120) - Net Assets
Latest net assets as of September 2025: ₩48.42 Billion KRW
Based on the latest financial reports, Mirae ING Co Ltd (007120) has net assets worth ₩48.42 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 (₩71.72 Billion) and total liabilities (₩23.30 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 | ₩48.42 Billion |
| % of Total Assets | 67.51% |
| Annual Growth Rate | 6.08% |
| 5-Year Change | -43.03% |
| 10-Year Change | 13.27% |
| Growth Volatility | 34.07 |
Mirae ING Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Mirae ING 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 Mirae ING Co Ltd (2011–2024)
The table below shows the annual net assets of Mirae ING Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩50.97 Billion | -12.33% |
| 2023-12-31 | ₩58.14 Billion | -16.26% |
| 2022-12-31 | ₩69.43 Billion | -2.32% |
| 2021-12-31 | ₩71.08 Billion | -20.55% |
| 2020-12-31 | ₩89.47 Billion | +28.57% |
| 2019-12-31 | ₩69.59 Billion | +26.21% |
| 2018-12-31 | ₩55.13 Billion | -16.09% |
| 2017-12-31 | ₩65.70 Billion | +33.43% |
| 2016-12-31 | ₩49.24 Billion | +9.43% |
| 2015-12-31 | ₩45.00 Billion | +18.98% |
| 2014-12-31 | ₩37.82 Billion | +107.36% |
| 2013-12-31 | ₩18.24 Billion | -27.58% |
| 2012-12-31 | ₩25.18 Billion | +6.50% |
| 2011-12-31 | ₩23.65 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mirae ING 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 decreased by 1214725769000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩63.12 Billion | 123.83% |
| Total Equity | ₩50.97 Billion | 100.00% |
Mirae ING Co Ltd Competitors by Market Cap
The table below lists competitors of Mirae ING Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Park Elektrik Uretim Madencilik Sanayi ve Ticaret AS
IS:PRKME
|
$15.32 Million |
|
2S Metal Public Company Limited
BK:2S
|
$15.33 Million |
|
Seoam Machinery Industry Co.Ltd
KQ:100660
|
$15.33 Million |
|
Kencana Agri Limited
F:KEBA
|
$15.35 Million |
|
Reitar Logtech Holdings Limited Ordinary shares
NASDAQ:RITR
|
$15.32 Million |
|
Fu Burg Industrial Co Ltd
TWO:8929
|
$15.32 Million |
|
Brouwerij Handelsmaatschappij NV
BR:COBH
|
$15.31 Million |
|
Intense Technologies Limited
NSE:INTENTECH
|
$15.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirae ING Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 58,141,399,000 to 50,972,143,110, a change of -7,169,255,890 (-12.3%).
- Net loss of 8,038,192,710 reduced equity.
- New share issuances of 999,999,120 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-8.04 Billion | -15.77% |
| Share Issuances | ₩1000.00 Million | +1.96% |
| Other Changes | ₩-131.06 Million | -0.26% |
| Total Change | ₩- | -12.33% |
Book Value vs Market Value Analysis
This analysis compares Mirae ING 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: 1.28x
- 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 4.70x to 1.28x 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 | ₩510.09 | ₩2395.00 | x |
| 2018-12-31 | ₩427.97 | ₩2395.00 | x |
| 2019-12-31 | ₩540.29 | ₩2395.00 | x |
| 2020-12-31 | ₩695.24 | ₩2395.00 | x |
| 2021-12-31 | ₩2761.81 | ₩2395.00 | x |
| 2022-12-31 | ₩2635.31 | ₩2395.00 | x |
| 2023-12-31 | ₩2208.34 | ₩2395.00 | x |
| 2024-12-31 | ₩1865.53 | ₩2395.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirae ING 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): -15.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -68.69%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.47x
- Recent ROE (-15.77%) is below the historical average (-10.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 6.65% | 6.10% | 0.63x | 1.73x | ₩-791.40 Million |
| 2012 | 1.54% | 1.11% | 0.94x | 1.49x | ₩-2.12 Billion |
| 2013 | -67.19% | -45.61% | 0.80x | 1.83x | ₩-14.03 Billion |
| 2014 | -49.40% | -99.44% | 0.38x | 1.29x | ₩-22.46 Billion |
| 2015 | 2.62% | 12.86% | 0.19x | 1.07x | ₩-3.32 Billion |
| 2016 | -4.75% | -23.77% | 0.19x | 1.06x | ₩-7.25 Billion |
| 2017 | -4.06% | -34.57% | 0.11x | 1.05x | ₩-9.23 Billion |
| 2018 | -19.69% | -168.23% | 0.11x | 1.05x | ₩-16.35 Billion |
| 2019 | 20.17% | 187.52% | 0.10x | 1.04x | ₩7.07 Billion |
| 2020 | 21.99% | 340.93% | 0.06x | 1.03x | ₩10.73 Billion |
| 2021 | -25.44% | -231.58% | 0.08x | 1.40x | ₩-25.19 Billion |
| 2022 | -4.37% | -23.65% | 0.13x | 1.40x | ₩-9.97 Billion |
| 2023 | -15.99% | -71.38% | 0.15x | 1.45x | ₩-15.11 Billion |
| 2024 | -15.77% | -68.69% | 0.16x | 1.47x | ₩-13.14 Billion |
Industry Comparison
This section compares Mirae ING Co Ltd's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $424,353,447,182
- Average return on equity (ROE) among peers: 6.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirae ING Co Ltd (007120) | ₩48.42 Billion | 6.65% | 0.48x | $15.32 Million |
| S-1 Corp (012750) | $761.07 Billion | 16.60% | 0.39x | $1.16 Billion |
| Hitron Systems (019490) | $61.76 Billion | -0.79% | 0.59x | $7.53 Million |
| IGLOO SECURITY Inc (067920) | $49.85 Billion | 9.82% | 0.22x | $23.52 Million |
| HANWHA IND SOL LTD (489790) | $824.73 Billion | 1.28% | 0.93x | $1.75 Billion |