Naver Corporation (035420) - Net Assets

Latest as of September 2025: ₩28.79 Trillion KRW

Based on the latest financial reports, Naver Corporation (035420) has net assets worth ₩28.79 Trillion KRW as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩40.77 Trillion) and total liabilities (₩11.98 Trillion). 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	₩28.79 Trillion
% of Total Assets	70.62%
Annual Growth Rate	26.03%
5-Year Change	227.08%
10-Year Change	1089.69%
Growth Volatility	43.58

Naver Corporation - Net Assets Trend (2004–2024)

This chart illustrates how Naver Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Naver Corporation (2004–2024)

The table below shows the annual net assets of Naver Corporation from 2004 to 2024.

Year	Net Assets	Change
2024-12-31	₩27.00 Trillion	+11.40%
2023-12-31	₩24.24 Trillion	+3.36%
2022-12-31	₩23.45 Trillion	-2.40%
2021-12-31	₩24.03 Trillion	+191.06%
2020-12-31	₩8.26 Trillion	+26.93%
2019-12-31	₩6.50 Trillion	+9.33%
2018-12-31	₩5.95 Trillion	+12.14%
2017-12-31	₩5.31 Trillion	+28.47%
2016-12-31	₩4.13 Trillion	+81.95%
2015-12-31	₩2.27 Trillion	+26.27%
2014-12-31	₩1.80 Trillion	+21.83%
2013-12-31	₩1.48 Trillion	-22.50%
2012-12-31	₩1.90 Trillion	+20.64%
2011-12-31	₩1.58 Trillion	+15.50%
2010-12-31	₩1.37 Trillion	+24.77%
2009-12-31	₩1.09 Trillion	+49.49%
2008-12-31	₩732.45 Billion	+52.67%
2007-12-31	₩479.75 Billion	+25.95%
2006-12-31	₩380.90 Billion	+59.63%
2005-12-31	₩238.62 Billion	-9.66%
2004-12-31	₩264.14 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Naver Corporation'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 961555.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩25.96 Trillion	101.98%
Total Equity	₩25.46 Trillion	100.00%

Naver Corporation Competitors by Market Cap

The table below lists competitors of Naver Corporation ranked by their market capitalization.

Company	Market Cap
NiSource Inc NYSE:NI	$21.94 Billion
Lloyds Banking Group PLC CEDEAR BA:LYG	$21.94 Billion
STERIS plc NYSE:STE	$21.96 Billion
Canon Inc F:CNNA	$21.97 Billion
China Merchants Energy Shipping Co Ltd SHG:601872	$21.92 Billion
Nan Ya Plastics Corp TW:1303	$21.91 Billion
CRRC Corp Ltd Class A SHG:601766	$21.89 Billion
Ajinomoto Co., Inc. F:AJI0	$21.89 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Naver Corporation's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 23,206,042,240,990 to 25,459,903,574,290, a change of 2,253,861,333,300 (9.7%).
Net income of 1,923,237,257,010 contributed positively to equity growth.
Dividend payments of 118,984,856,180 reduced retained earnings.
Share repurchases of 405,122,711,100 reduced equity.
New share issuances of 11,738,394,000 increased equity.
Other factors increased equity by 842,993,249,570.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩1.92 Trillion	+7.55%
Dividends Paid	₩118.98 Billion	-0.47%
Share Repurchases	₩405.12 Billion	-1.59%
Share Issuances	₩11.74 Billion	+0.05%
Other Changes	₩842.99 Billion	+3.31%
Total Change	₩-	9.71%

Book Value vs Market Value Analysis

This analysis compares Naver Corporation'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: 1.29x
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 6.68x to 1.29x 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	₩32429.48	₩216500.00	x
2018-12-31	₩35847.37	₩216500.00	x
2019-12-31	₩39912.79	₩216500.00	x
2020-12-31	₩49961.12	₩216500.00	x
2021-12-31	₩157546.89	₩216500.00	x
2022-12-31	₩151645.79	₩216500.00	x
2023-12-31	₩154076.53	₩216500.00	x
2024-12-31	₩168300.13	₩216500.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Naver Corporation 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): 7.55%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 17.91%
• Asset Turnover: 0.28x
• Equity Multiplier: 1.50x
Recent ROE (7.55%) is below the historical average (31.53%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	21.52%	20.80%	0.71x	1.47x	₩29.16 Billion
2005	7.90%	4.41%	1.02x	1.75x	₩-4.85 Billion
2006	40.30%	23.33%	1.11x	1.56x	₩113.17 Billion
2007	59.47%	27.10%	1.19x	1.85x	₩229.51 Billion
2008	59.49%	26.70%	1.13x	1.97x	₩306.55 Billion
2009	42.81%	26.35%	1.00x	1.63x	₩322.67 Billion
2010	36.18%	27.88%	0.90x	1.45x	₩357.60 Billion
2011	28.52%	21.21%	0.89x	1.50x	₩292.23 Billion
2012	28.80%	22.85%	0.82x	1.54x	₩356.44 Billion
2013	128.96%	82.07%	0.86x	1.83x	₩1.75 Trillion
2014	25.30%	16.47%	0.81x	1.89x	₩274.86 Billion
2015	24.42%	15.94%	0.74x	2.06x	₩306.29 Billion
2016	20.84%	18.63%	0.63x	1.77x	₩389.83 Billion
2017	16.23%	16.52%	0.58x	1.68x	₩296.64 Billion
2018	12.38%	11.61%	0.57x	1.89x	₩124.78 Billion
2019	10.04%	8.84%	0.54x	2.12x	₩2.53 Billion
2020	13.60%	18.89%	0.31x	2.31x	₩265.36 Billion
2021	70.06%	241.87%	0.20x	1.43x	₩14.14 Trillion
2022	3.34%	9.25%	0.24x	1.49x	₩-1.51 Trillion
2023	4.36%	10.47%	0.27x	1.54x	₩-1.31 Trillion
2024	7.55%	17.91%	0.28x	1.50x	₩-622.75 Billion

Industry Comparison

This section compares Naver Corporation's net assets metrics with peer companies in the Internet Content & Information industry.

Industry Context

Industry: Internet Content & Information
Average net assets among peers: $1,652,929,277,552
Average return on equity (ROE) among peers: 2.48%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Naver Corporation (035420)	₩28.79 Trillion	21.52%	0.42x	$21.93 Billion
KidariStudio Inc (020120)	$20.97 Billion	12.84%	1.00x	$96.83 Million
Kakao Corp (035720)	$13.94 Trillion	0.40%	0.85x	$14.90 Billion
KT Hitel Corporation. Limited (036030)	$180.35 Billion	-1.57%	0.38x	$168.09 Million
YTN Co.Ltd (040300)	$185.24 Billion	-0.79%	0.53x	$113.89 Million
NEOWIZ HOLDINGS Corporation (042420)	$374.99 Billion	5.77%	0.87x	$95.47 Million
Genie Music Corporation (043610)	$21.11 Billion	0.00%	0.83x	$70.10 Million
NHN Bugs Corp (104200)	$60.81 Billion	-6.10%	0.45x	$39.40 Million
Asia Economy Daily Co Ltd (127710)	$78.52 Billion	11.58%	0.64x	$40.03 Million
ZUM Internet Corp. (239340)	$11.47 Billion	0.15%	0.67x	$28.05 Million

About Naver Corporation

KO:035420 Korea Internet Content & Information

Market Cap

$21.93 Billion

₩32.36 Trillion KRW

Market Cap Rank

#1066 Global

#18 in Korea

Share Price

₩216500.00

Change (1 day)

-0.92%

52-Week Range

₩183100.00 - ₩290500.00

All Time High

₩451329.78