Naver Corporation Net Assets
Naver Corporation net assets. Based on the latest financial reports, Naver Corporation (035420) has net assets worth ₩28.95 Trillion KRW (≈ $19.62 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩41.08 Trillion ≈ $27.84 Billion USD) and total liabilities (₩12.13 Trillion ≈ $8.22 Billion 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. See debt-free asset ratio of Naver Corporation to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩28.95 Trillion |
| % of Total Assets | 70.47% |
| Annual Growth Rate | 25.07% |
| 5-Year Change | 20.5% |
| 10-Year Change | 601.11% |
| Growth Volatility | 42.84 |
Net Assets of Naver Corporation (2004–2025)
Net assets of Naver Corporation from 2004 to 2025. This chart illustrates how Naver Corporation's net assets have evolved over time, based on quarterly financial data. Also explore 035420 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Net Assets for Naver Corporation (2004–2025)
The table below shows the annual net assets of Naver Corporation from 2004 to 2025. For live market cap and overall valuation, see market value of Naver Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩28.95 Trillion ≈ $19.62 Billion |
+7.23% |
| 2024-12-31 | ₩27.00 Trillion ≈ $18.30 Billion |
+11.40% |
| 2023-12-31 | ₩24.24 Trillion ≈ $16.43 Billion |
+3.36% |
| 2022-12-31 | ₩23.45 Trillion ≈ $15.89 Billion |
-2.40% |
| 2021-12-31 | ₩24.03 Trillion ≈ $16.28 Billion |
+191.06% |
| 2020-12-31 | ₩8.26 Trillion ≈ $5.59 Billion |
+26.93% |
| 2019-12-31 | ₩6.50 Trillion ≈ $4.41 Billion |
+9.33% |
| 2018-12-31 | ₩5.95 Trillion ≈ $4.03 Billion |
+12.14% |
| 2017-12-31 | ₩5.31 Trillion ≈ $3.60 Billion |
+28.47% |
| 2016-12-31 | ₩4.13 Trillion ≈ $2.80 Billion |
+81.95% |
| 2015-12-31 | ₩2.27 Trillion ≈ $1.54 Billion |
+26.27% |
| 2014-12-31 | ₩1.80 Trillion ≈ $1.22 Billion |
+21.83% |
| 2013-12-31 | ₩1.48 Trillion ≈ $999.80 Million |
-22.50% |
| 2012-12-31 | ₩1.90 Trillion ≈ $1.29 Billion |
+20.64% |
| 2011-12-31 | ₩1.58 Trillion ≈ $1.07 Billion |
+15.50% |
| 2010-12-31 | ₩1.37 Trillion ≈ $925.81 Million |
+24.77% |
| 2009-12-31 | ₩1.09 Trillion ≈ $742.03 Million |
+49.49% |
| 2008-12-31 | ₩732.45 Billion ≈ $496.37 Million |
+52.67% |
| 2007-12-31 | ₩479.75 Billion ≈ $325.12 Million |
+25.95% |
| 2006-12-31 | ₩380.90 Billion ≈ $258.13 Million |
+59.63% |
| 2005-12-31 | ₩238.62 Billion ≈ $161.71 Million |
-9.66% |
| 2004-12-31 | ₩264.14 Billion ≈ $179.00 Million |
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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 1023062.6% over the analyzed period, indicating profitable operations and earnings retention.
Naver Corporation Net Assets Breakdown (December 2025)
Naver Corporation net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩27.63 Trillion | 100.16% |
| Total Equity | ₩27.58 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 |
|---|---|
|
Kasikornbank Public Company Limited
BK:KBANK
|
$17.87 Billion |
|
Joint Stock Commercial Bank for Foreign Trade of Vietnam
VN:VCB
|
$17.87 Billion |
|
A.P. Møller - Mærsk A/S
CO:MAERSK-B
|
$17.88 Billion |
|
Qingdao Haier Co Ltd
SHG:600690
|
$17.93 Billion |
|
International Paper
NYSE:IP
|
$17.84 Billion |
|
Magna International Inc
TO:MG
|
$17.83 Billion |
|
SBI Life Insurance Company Limited
NSE:SBILIFE
|
$17.83 Billion |
|
WSP Global Inc
TO:WSP
|
$17.82 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 2024 to 2025, total equity changed from 25,459,903,574,290 to 27,581,956,984,240, a change of 2,122,053,409,950 (8.3%).
- Net income of 1,953,214,734,950 contributed positively to equity growth.
- Dividend payments of 168,436,666,610 reduced retained earnings.
- New share issuances of 47,845,121,000 increased equity.
- Other factors increased equity by 289,430,220,610.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.95 Trillion | +7.08% |
| Dividends Paid | ₩168.44 Billion | -0.61% |
| Share Issuances | ₩47.85 Billion | +0.17% |
| Other Changes | ₩289.43 Billion | +1.05% |
| Total Change | ₩- | 8.33% |
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: 0.96x
- 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 5.44x to 0.96x 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 | ₩176400.00 | x |
| 2018-12-31 | ₩35847.37 | ₩176400.00 | x |
| 2019-12-31 | ₩39912.79 | ₩176400.00 | x |
| 2020-12-31 | ₩49961.12 | ₩176400.00 | x |
| 2021-12-31 | ₩157546.89 | ₩176400.00 | x |
| 2022-12-31 | ₩151645.79 | ₩176400.00 | x |
| 2023-12-31 | ₩154076.53 | ₩176400.00 | x |
| 2024-12-31 | ₩168300.13 | ₩176400.00 | x |
| 2025-12-31 | ₩184513.43 | ₩176400.00 | 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): 7.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.23%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.49x
- Recent ROE (7.08%) is below the historical average (30.42%), 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 |
| 2025 | 7.08% | 16.23% | 0.29x | 1.49x | ₩-804.98 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: $769,467,550,194
- Average return on equity (ROE) among peers: 2.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Naver Corporation (035420) | ₩28.95 Trillion | 21.52% | 0.42x | $17.87 Billion |
| KidariStudio Inc (020120) | $222.77 Billion | 1.59% | 0.30x | $106.12 Million |
| Kakao Corp (035720) | $5.74 Trillion | -5.24% | 0.52x | $9.05 Billion |
| KT Hitel Corporation. Limited (036030) | $204.02 Billion | 0.70% | 0.37x | $157.63 Million |
| YTN Co.Ltd (040300) | $186.68 Billion | 5.82% | 0.82x | $61.52 Million |
| NEOWIZ HOLDINGS Corporation (042420) | $365.75 Billion | 14.15% | 1.01x | $82.93 Million |
| Genie Music Corporation (043610) | $20.15 Billion | -11.83% | 0.38x | $41.55 Million |
| NHN Bugs Corp (104200) | $39.73 Billion | 0.00% | 0.69x | $22.68 Million |
| Asia Economy Daily Co Ltd (127710) | $158.35 Billion | 15.52% | 0.50x | $23.80 Million |
| Wanted Lab Inc. (376980) | $-12.36 Billion | 0.00% | 0.00x | $18.06 Million |
About Naver Corporation
NAVER Corporation, together with its subsidiaries, provides online search portal and information services in South Korea and internationally. It is involved in the electronic financial; film and audio content production and distribution; Webtoon service development and operation; language learning application development; monitoring and advertisement operation; mobile service operation; trading p… Read more