Mirae ING Co Ltd (007120) - Net Assets

Latest as of March 2026: ₩49.51 Billion KRW ≈ $33.55 Million USD

Based on the latest financial reports, Mirae ING Co Ltd (007120) has net assets worth ₩49.51 Billion KRW (≈ $33.55 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩71.38 Billion ≈ $48.37 Million USD) and total liabilities (₩21.87 Billion ≈ $14.82 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. Also explore balance sheet size of Mirae ING Co Ltd for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets ₩49.51 Billion
% of Total Assets 69.36%
Annual Growth Rate 5.29%
5-Year Change -31.57%
10-Year Change -1.22%
Growth Volatility 33.06

Mirae ING Co Ltd - Net Assets Trend (2011–2025)

This chart illustrates how Mirae ING Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Mirae ING Co Ltd to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Mirae ING Co Ltd (2011–2025)

The table below shows the annual net assets of Mirae ING Co Ltd from 2011 to 2025. For live valuation and market cap data, see Mirae ING Co Ltd market capitalisation.

Year Net Assets Change
2025-12-31 ₩48.64 Billion
≈ $32.96 Million		 -4.57%
2024-12-31 ₩50.97 Billion
≈ $34.54 Million		 -12.33%
2023-12-31 ₩58.14 Billion
≈ $39.40 Million		 -16.26%
2022-12-31 ₩69.43 Billion
≈ $47.05 Million		 -2.32%
2021-12-31 ₩71.08 Billion
≈ $48.17 Million		 -20.55%
2020-12-31 ₩89.47 Billion
≈ $60.63 Million		 +28.57%
2019-12-31 ₩69.59 Billion
≈ $47.16 Million		 +26.21%
2018-12-31 ₩55.13 Billion
≈ $37.36 Million		 -16.09%
2017-12-31 ₩65.70 Billion
≈ $44.53 Million		 +33.43%
2016-12-31 ₩49.24 Billion
≈ $33.37 Million		 +9.43%
2015-12-31 ₩45.00 Billion
≈ $30.50 Million		 +18.98%
2014-12-31 ₩37.82 Billion
≈ $25.63 Million		 +107.36%
2013-12-31 ₩18.24 Billion
≈ $12.36 Million		 -27.58%
2012-12-31 ₩25.18 Billion
≈ $17.07 Million		 +6.50%
2011-12-31 ₩23.65 Billion
≈ $16.03 Million		 --

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 1453042582000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Other Components ₩63.17 Billion 129.87%
Total Equity ₩48.64 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
Sidiz Inc
KO:134790
 $21.69 Million
BeMetals Corp
V:BMET
 $21.69 Million
Hermana Holding ASA
OL:HERMA
 $21.69 Million
Beam Global
NASDAQ:BEEM
 $21.69 Million
Advance Metals Ltd
AU:AVM
 $21.68 Million
Ocado Group PLC
LSE:OCDO
 $21.67 Million
ReWalk Robotics Ltd
NASDAQ:LFWD
 $21.63 Million
Elevation Oncology Inc
NASDAQ:ELEV
 $21.63 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 2024 to 2025, total equity changed from 50,972,143,110 to 48,642,635,110, a change of -2,329,508,000 (-4.6%).
  • Net loss of 2,599,733,220 reduced equity.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ₩-2.60 Billion -5.34%
Other Changes ₩270.23 Million +0.56%
Total Change ₩- -4.57%

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: 0.66x
  • 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 2.30x to 0.66x 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 ₩1171.00 x
2018-12-31 ₩427.97 ₩1171.00 x
2019-12-31 ₩540.29 ₩1171.00 x
2020-12-31 ₩695.24 ₩1171.00 x
2021-12-31 ₩2761.81 ₩1171.00 x
2022-12-31 ₩2635.31 ₩1171.00 x
2023-12-31 ₩2208.34 ₩1171.00 x
2024-12-31 ₩1865.53 ₩1171.00 x
2025-12-31 ₩1780.27 ₩1171.00 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): -5.34%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -18.40%
  • • Asset Turnover: 0.20x
  • • Equity Multiplier: 1.45x
  • Recent ROE (-5.34%) is above the historical average (-10.60%), indicating improving 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
2025 -5.34% -18.40% 0.20x 1.45x ₩-7.46 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: $122,417,420,013
  • Average return on equity (ROE) among peers: 7.33%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Mirae ING Co Ltd (007120) ₩49.51 Billion 6.65% 0.44x $21.68 Million
S-1 Corp (012750) $409.91 Billion 20.06% 0.48x $1.76 Billion
Hitron Systems (019490) $57.48 Billion -1.80% 0.64x $28.02 Million
Korea Electronic Certification Authority Inc (041460) $53.77 Billion 4.42% 0.36x $42.23 Million
SOOSAN INT Co. Ltd (050960) $79.68 Billion 2.22% 0.21x $38.11 Million
IGLOO SECURITY Inc (067920) $36.47 Billion 9.72% 0.20x $38.35 Million
Suprema Inc (236200) $97.20 Billion 9.35% 0.06x $296.02 Million

About Mirae ING Co Ltd

KO:007120 Korea Security & Protection Services
Market Cap
$21.68 Million
₩32.00 Billion KRW
Market Cap Rank
#24845 Global
#1798 in Korea
Share Price
₩1171.00
Change (1 day)
+0.95%
52-Week Range
₩798.00 - ₩2405.00
All Time High
₩9573.43
Categories
Companies in Korea Security & Protection Services
About

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