Shinsegae I&C
SHINSEGAE Information & Communication Inc. operates as an information and communication company in South Korea. It operates in three segments: IT Services, IT Distribution, and IT Information Services. The company offers cloud POS and membership, public and private cloud solutions, and data center; AI chatbot, forecast, and vison technology; and robotic process automation system. It also operates… Read more
Shinsegae I&C (035510) - Net Assets
Latest net assets as of September 2025: ₩436.88 Billion KRW
Based on the latest financial reports, Shinsegae I&C (035510) has net assets worth ₩436.88 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 (₩557.04 Billion) and total liabilities (₩120.17 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 | ₩436.88 Billion |
| % of Total Assets | 78.43% |
| Annual Growth Rate | 9.34% |
| 5-Year Change | 93.35% |
| 10-Year Change | 145.9% |
| Growth Volatility | 10.84 |
Shinsegae I&C - Net Assets Trend (2013–2024)
This chart illustrates how Shinsegae I&C's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shinsegae I&C (2013–2024)
The table below shows the annual net assets of Shinsegae I&C from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩408.60 Billion | +6.90% |
| 2023-12-31 | ₩382.24 Billion | +5.03% |
| 2022-12-31 | ₩363.94 Billion | +31.72% |
| 2021-12-31 | ₩276.30 Billion | +30.74% |
| 2020-12-31 | ₩211.33 Billion | +6.07% |
| 2019-12-31 | ₩199.24 Billion | +3.62% |
| 2018-12-31 | ₩192.27 Billion | +15.58% |
| 2017-12-31 | ₩166.35 Billion | +0.47% |
| 2016-12-31 | ₩165.57 Billion | -0.36% |
| 2015-12-31 | ₩166.16 Billion | +2.92% |
| 2014-12-31 | ₩161.46 Billion | +5.48% |
| 2013-12-31 | ₩153.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shinsegae I&C'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 208.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩429.24 Billion | 105.05% |
| Total Equity | ₩408.60 Billion | 100.00% |
Shinsegae I&C Competitors by Market Cap
The table below lists competitors of Shinsegae I&C ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chengdu Lihang Technology Co.Ltd.
SHG:603261
|
$108.31 Million |
|
V Zug Holding Ag
SW:VZUG
|
$108.32 Million |
|
Doubleview Gold Corp
OTCQB:DBLVF
|
$108.33 Million |
|
Taisun Enterprise Co Ltd
TW:1218
|
$108.34 Million |
|
Selectirente
PA:SELER
|
$108.18 Million |
|
Micro Contact Solution Co. Ltd
KQ:098120
|
$108.17 Million |
|
Tegma Gestão Logística S.A
SA:TGMA3
|
$108.15 Million |
|
Nippon Coke & Engineering Company Limited
F:NJ2
|
$108.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinsegae I&C's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 382,241,045,870 to 408,601,289,160, a change of 26,360,243,290 (6.9%).
- Net income of 33,848,234,390 contributed positively to equity growth.
- Dividend payments of 4,601,033,500 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩33.85 Billion | +8.28% |
| Dividends Paid | ₩4.60 Billion | -1.13% |
| Other Changes | ₩-2.89 Billion | -0.71% |
| Total Change | ₩- | 6.90% |
Book Value vs Market Value Analysis
This analysis compares Shinsegae I&C'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: 0.73x
- 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 increased from 0.22x to 0.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩101647.64 | ₩22600.00 | x |
| 2018-12-31 | ₩117489.28 | ₩22600.00 | x |
| 2019-12-31 | ₩121745.69 | ₩22600.00 | x |
| 2020-12-31 | ₩181464.63 | ₩22600.00 | x |
| 2021-12-31 | ₩210183.65 | ₩22600.00 | x |
| 2022-12-31 | ₩27495.43 | ₩22600.00 | x |
| 2023-12-31 | ₩29077.02 | ₩22600.00 | x |
| 2024-12-31 | ₩31082.25 | ₩22600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinsegae I&C 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): 8.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.41%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 1.23x
- Recent ROE (8.28%) is below the historical average (11.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.37% | 5.34% | 1.23x | 1.27x | ₩-2.50 Billion |
| 2014 | 7.50% | 5.31% | 1.09x | 1.29x | ₩-4.04 Billion |
| 2015 | 4.10% | 2.61% | 1.20x | 1.31x | ₩-9.81 Billion |
| 2016 | 1.54% | 0.86% | 1.34x | 1.33x | ₩-14.01 Billion |
| 2017 | 5.96% | 3.10% | 1.41x | 1.36x | ₩-6.72 Billion |
| 2018 | 15.22% | 7.83% | 1.22x | 1.59x | ₩10.03 Billion |
| 2019 | 5.35% | 2.34% | 1.57x | 1.45x | ₩-9.27 Billion |
| 2020 | 32.92% | 14.49% | 1.69x | 1.34x | ₩48.44 Billion |
| 2021 | 14.12% | 7.41% | 1.49x | 1.28x | ₩11.38 Billion |
| 2022 | 23.21% | 14.05% | 1.24x | 1.34x | ₩47.73 Billion |
| 2023 | 7.96% | 4.92% | 1.30x | 1.25x | ₩-7.78 Billion |
| 2024 | 8.28% | 5.41% | 1.24x | 1.23x | ₩-7.01 Billion |
Industry Comparison
This section compares Shinsegae I&C's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,299,844,105,974
- Average return on equity (ROE) among peers: 0.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinsegae I&C (035510) | ₩436.88 Billion | 8.37% | 0.28x | $108.26 Million |
| CItech Co Ltd (004920) | $34.39 Billion | -4.36% | 0.16x | $16.60 Million |
| Ssangyong Information & Communications Corp (010280) | $44.71 Billion | -4.06% | 2.04x | $29.02 Million |
| DB INC (012030) | $246.28 Billion | -25.91% | 1.59x | $113.49 Million |
| Samsung SDS Co Ltd (018260) | $7.44 Trillion | 8.21% | 0.41x | $4.40 Billion |
| Daou Tech (023590) | $2.44 Trillion | 4.52% | 6.75x | $720.57 Million |
| Daou Data Corp (032190) | $1.36 Trillion | 12.12% | 41.61x | $227.30 Million |
| WIZ CORP Inc (038620) | $31.04 Billion | 1.18% | 0.04x | $25.91 Million |
| KL-Net Corp (039420) | $30.56 Billion | 8.05% | 0.25x | $27.14 Million |
| Leenos Corp (039980) | $71.80 Billion | 1.39% | 0.28x | $63.07 Million |