Shinsegae I&C (035510) - Net Assets

Latest as of March 2026: ₩435.92 Billion KRW ≈ $295.42 Million USD

Based on the latest financial reports, Shinsegae I&C (035510) has net assets worth ₩435.92 Billion KRW (≈ $295.42 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 (₩587.98 Billion ≈ $398.46 Million USD) and total liabilities (₩152.06 Billion ≈ $103.05 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. Check Shinsegae I&C (035510) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩435.92 Billion
% of Total Assets	74.14%
Annual Growth Rate	9.06%
5-Year Change	56.79%
10-Year Change	161.64%
Growth Volatility	10.43

Shinsegae I&C - Net Assets Trend (2013–2025)

This chart illustrates how Shinsegae I&C's net assets have evolved over time, based on quarterly financial data. See Shinsegae I&C defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shinsegae I&C (2013–2025)

The table below shows the annual net assets of Shinsegae I&C from 2013 to 2025. For live valuation and market cap data, see market cap of Shinsegae I&C.

Year	Net Assets	Change
2025-12-31	₩433.21 Billion ≈ $293.58 Million	+6.02%
2024-12-31	₩408.60 Billion ≈ $276.90 Million	+6.90%
2023-12-31	₩382.24 Billion ≈ $259.04 Million	+5.03%
2022-12-31	₩363.94 Billion ≈ $246.63 Million	+31.72%
2021-12-31	₩276.30 Billion ≈ $187.25 Million	+30.74%
2020-12-31	₩211.33 Billion ≈ $143.22 Million	+6.07%
2019-12-31	₩199.24 Billion ≈ $135.02 Million	+3.62%
2018-12-31	₩192.27 Billion ≈ $130.30 Million	+15.58%
2017-12-31	₩166.35 Billion ≈ $112.73 Million	+0.47%
2016-12-31	₩165.57 Billion ≈ $112.21 Million	-0.36%
2015-12-31	₩166.16 Billion ≈ $112.61 Million	+2.92%
2014-12-31	₩161.46 Billion ≈ $109.42 Million	+5.48%
2013-12-31	₩153.06 Billion ≈ $103.73 Million	--

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 225.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩453.97 Billion	104.79%
Total Equity	₩433.21 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
Phu Tai JSC VN:PTB	$140.77 Million
Northcliff Resources Ltd TO:NCF	$140.77 Million
GRIGEO AB EO -29 F:WM8	$140.79 Million
Jalles Machado S/A SA:JALL3	$140.82 Million
All For One Steeb AG F:A1OS	$140.75 Million
Generation Mining Ltd TO:GENM	$140.74 Million
Mammoth Energy Services Inc NASDAQ:TUSK	$140.72 Million
Reward Wool Industry Corp TW:1423	$140.65 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 2024 to 2025, total equity changed from 408,601,289,160 to 433,213,266,940, a change of 24,611,977,780 (6.0%).
Net income of 28,339,493,280 contributed positively to equity growth.
Dividend payments of 5,652,698,300 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩28.34 Billion	+6.54%
Dividends Paid	₩5.65 Billion	-1.3%
Other Changes	₩1.93 Billion	+0.44%
Total Change	₩-	6.02%

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: 0.48x
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 0.16x to 0.48x 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	₩15800.00	x
2018-12-31	₩117489.28	₩15800.00	x
2019-12-31	₩121745.69	₩15800.00	x
2020-12-31	₩181464.63	₩15800.00	x
2021-12-31	₩210183.65	₩15800.00	x
2022-12-31	₩27495.43	₩15800.00	x
2023-12-31	₩29077.02	₩15800.00	x
2024-12-31	₩31082.25	₩15800.00	x
2025-12-31	₩32954.47	₩15800.00	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): 6.54%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.12%
• Asset Turnover: 1.19x
• Equity Multiplier: 1.33x
Recent ROE (6.54%) is below the historical average (10.85%), 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
2025	6.54%	4.12%	1.19x	1.33x	₩-14.98 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: $1,249,346,732,871
Average return on equity (ROE) among peers: -0.92%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shinsegae I&C (035510)	₩435.92 Billion	8.37%	0.35x	$140.76 Million
CItech Co Ltd (004920)	$18.83 Billion	-18.49%	0.52x	$36.41 Million
Ssangyong Information & Communications Corp (010280)	$28.98 Billion	-20.28%	2.50x	$242.73 Million
DB INC (012030)	$151.55 Billion	-13.67%	0.42x	$259.56 Million
Samsung SDS Co Ltd (018260)	$9.71 Trillion	7.80%	0.36x	$12.48 Billion
Daou Tech (023590)	$591.90 Billion	13.31%	1.85x	$1.19 Billion
Daou Data Corp (032190)	$593.57 Billion	4.01%	1.99x	$523.00 Million
WIZ CORP Inc (038620)	$34.39 Billion	2.54%	0.05x	$93.42 Million
KL-Net Corp (039420)	$44.40 Billion	13.39%	0.19x	$37.83 Million
Leenos Corp (039980)	$75.05 Billion	3.15%	0.26x	$309.60 Million

About Shinsegae I&C

KO:035510 Korea Information Technology Services

Market Cap

$140.76 Million

₩207.70 Billion KRW

Market Cap Rank

#17970 Global

#796 in Korea

Share Price

₩15800.00

Change (1 day)

-2.05%

52-Week Range

₩13980.00 - ₩24150.00

All Time High

₩192186.44