NCsoft Corp (036570) - Net Assets
Based on the latest financial reports, NCsoft Corp (036570) has net assets worth ₩3.37 Trillion KRW (≈ $2.28 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 (₩4.33 Trillion ≈ $2.94 Billion USD) and total liabilities (₩962.71 Billion ≈ $652.41 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 036570 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩3.37 Trillion |
| % of Total Assets | 77.78% |
| Annual Growth Rate | 13.44% |
| 5-Year Change | -2.58% |
| 10-Year Change | 71.25% |
| Growth Volatility | 17.5 |
NCsoft Corp - Net Assets Trend (2002–2024)
This chart illustrates how NCsoft Corp's net assets have evolved over time, based on quarterly financial data. Also explore NCsoft Corp (036570) total assets for the complete picture of this company's asset base.
Annual Net Assets for NCsoft Corp (2002–2024)
The table below shows the annual net assets of NCsoft Corp from 2002 to 2024. For live valuation and market cap data, see NCsoft Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩3.06 Trillion ≈ $2.08 Billion |
-5.82% |
| 2023-12-31 | ₩3.25 Trillion ≈ $2.20 Billion |
+1.70% |
| 2022-12-31 | ₩3.20 Trillion ≈ $2.17 Billion |
+1.50% |
| 2021-12-31 | ₩3.15 Trillion ≈ $2.14 Billion |
+0.21% |
| 2020-12-31 | ₩3.14 Trillion ≈ $2.13 Billion |
+25.18% |
| 2019-12-31 | ₩2.51 Trillion ≈ $1.70 Billion |
+5.60% |
| 2018-12-31 | ₩2.38 Trillion ≈ $1.61 Billion |
-12.83% |
| 2017-12-31 | ₩2.73 Trillion ≈ $1.85 Billion |
+43.98% |
| 2016-12-31 | ₩1.90 Trillion ≈ $1.28 Billion |
+5.96% |
| 2015-12-31 | ₩1.79 Trillion ≈ $1.21 Billion |
+30.05% |
| 2014-12-31 | ₩1.38 Trillion ≈ $932.22 Million |
+18.71% |
| 2013-12-31 | ₩1.16 Trillion ≈ $785.28 Million |
+13.54% |
| 2012-12-31 | ₩1.02 Trillion ≈ $691.62 Million |
+17.51% |
| 2011-12-31 | ₩868.46 Billion ≈ $588.55 Million |
+6.97% |
| 2010-12-31 | ₩811.88 Billion ≈ $550.20 Million |
+25.28% |
| 2009-12-31 | ₩648.05 Billion ≈ $439.17 Million |
+52.69% |
| 2008-12-31 | ₩424.43 Billion ≈ $287.63 Million |
-5.51% |
| 2007-12-31 | ₩449.19 Billion ≈ $304.41 Million |
+6.63% |
| 2006-12-31 | ₩421.27 Billion ≈ $285.49 Million |
+6.47% |
| 2005-12-31 | ₩395.68 Billion ≈ $268.15 Million |
+19.19% |
| 2004-12-31 | ₩331.96 Billion ≈ $224.97 Million |
+52.64% |
| 2003-12-31 | ₩217.48 Billion ≈ $147.39 Million |
+13.76% |
| 2002-12-31 | ₩191.18 Billion ≈ $129.56 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NCsoft Corp'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 26090.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩3.47 Trillion | 113.58% |
| Total Equity | ₩3.06 Trillion | 100.00% |
NCsoft Corp Competitors by Market Cap
The table below lists competitors of NCsoft Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Banijay Group NV
AS:BNJ
|
$3.56 Billion |
|
COSAN S.A. SP.ADR 1/4
F:9CI0
|
$3.56 Billion |
|
Kimberly-Clark de México S. A. B. de C. V
MX:KIMBERA
|
$3.56 Billion |
|
Zhejiang XCC Group Co Ltd
SHG:603667
|
$3.56 Billion |
|
IGO LTD SP.ADR/2
F:IDZ1
|
$3.55 Billion |
|
Chunghwa Precision Test Tech Co Ltd
TWO:6510
|
$3.55 Billion |
|
Jiangsu Changshu Rural Commercial Bank Co Ltd
SHG:601128
|
$3.55 Billion |
|
JB Chemicals & Pharmaceuticals Limited
NSE:JBCHEPHARM
|
$3.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NCsoft Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,249,696,959,030 to 3,058,458,965,780, a change of -191,237,993,250 (-5.9%).
- Net income of 94,215,383,020 contributed positively to equity growth.
- Dividend payments of 63,567,362,810 reduced retained earnings.
- Share repurchases of 175,797,983,550 reduced equity.
- Other factors decreased equity by 46,088,029,910.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩94.22 Billion | +3.08% |
| Dividends Paid | ₩63.57 Billion | -2.08% |
| Share Repurchases | ₩175.80 Billion | -5.75% |
| Other Changes | ₩-46.09 Billion | -1.51% |
| Total Change | ₩- | -5.88% |
Book Value vs Market Value Analysis
This analysis compares NCsoft Corp'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: 1.77x
- 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 2.11x to 1.77x 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 | ₩128055.83 | ₩270500.00 | x |
| 2018-12-31 | ₩114979.93 | ₩270500.00 | x |
| 2019-12-31 | ₩121275.05 | ₩270500.00 | x |
| 2020-12-31 | ₩152449.05 | ₩270500.00 | x |
| 2021-12-31 | ₩153382.17 | ₩270500.00 | x |
| 2022-12-31 | ₩157391.12 | ₩270500.00 | x |
| 2023-12-31 | ₩160024.95 | ₩270500.00 | x |
| 2024-12-31 | ₩153070.43 | ₩270500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NCsoft Corp 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): 3.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.97%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.29x
- Recent ROE (3.08%) is below the historical average (15.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 27.78% | 34.31% | 0.62x | 1.30x | ₩33.99 Billion |
| 2003 | 14.56% | 18.71% | 0.67x | 1.15x | ₩9.92 Billion |
| 2004 | 23.41% | 26.84% | 0.76x | 1.14x | ₩44.52 Billion |
| 2005 | 16.95% | 19.68% | 0.74x | 1.16x | ₩27.34 Billion |
| 2006 | 9.10% | 11.24% | 0.67x | 1.21x | ₩-3.78 Billion |
| 2007 | 10.14% | 13.66% | 0.60x | 1.23x | ₩609.79 Million |
| 2008 | 6.19% | 7.39% | 0.67x | 1.25x | ₩-15.76 Billion |
| 2009 | 29.02% | 29.02% | 0.75x | 1.34x | ₩120.72 Billion |
| 2010 | 20.88% | 25.65% | 0.62x | 1.31x | ₩86.83 Billion |
| 2011 | 14.11% | 19.82% | 0.55x | 1.30x | ₩35.12 Billion |
| 2012 | 15.57% | 20.68% | 0.57x | 1.32x | ₩55.74 Billion |
| 2013 | 13.91% | 20.98% | 0.51x | 1.30x | ₩44.63 Billion |
| 2014 | 16.90% | 27.42% | 0.49x | 1.25x | ₩93.90 Billion |
| 2015 | 9.35% | 19.73% | 0.38x | 1.25x | ₩-11.56 Billion |
| 2016 | 14.44% | 27.68% | 0.42x | 1.25x | ₩83.71 Billion |
| 2017 | 16.20% | 25.07% | 0.50x | 1.30x | ₩168.84 Billion |
| 2018 | 17.66% | 24.38% | 0.58x | 1.24x | ₩181.41 Billion |
| 2019 | 14.33% | 21.05% | 0.51x | 1.34x | ₩108.26 Billion |
| 2020 | 18.70% | 24.31% | 0.59x | 1.30x | ₩273.24 Billion |
| 2021 | 12.60% | 17.19% | 0.50x | 1.46x | ₩82.01 Billion |
| 2022 | 13.63% | 16.94% | 0.58x | 1.39x | ₩116.09 Billion |
| 2023 | 6.53% | 11.92% | 0.41x | 1.35x | ₩-112.83 Billion |
| 2024 | 3.08% | 5.97% | 0.40x | 1.29x | ₩-211.63 Billion |
Industry Comparison
This section compares NCsoft Corp's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $243,824,614,346
- Average return on equity (ROE) among peers: 2.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NCsoft Corp (036570) | ₩3.37 Trillion | 27.78% | 0.29x | $3.56 Billion |
| Barunson Entertainment & Arts Corporation (035620) | $71.65 Billion | -18.60% | 0.74x | $12.23 Million |
| HANBIT SOFT Inc (047080) | $17.18 Billion | 1.48% | 1.75x | $22.26 Million |
| Actoz Soft Co.Ltd (052790) | $118.10 Billion | 17.59% | 0.48x | $41.90 Million |
| JOYCITY Corporation (067000) | $33.90 Billion | -33.89% | 0.49x | $116.06 Million |
| Com2uS Corporation (078340) | $107.90 Billion | 18.11% | 0.10x | $253.50 Million |
| SundayToz Corp (123420) | $104.66 Billion | 19.48% | 0.10x | $56.39 Million |
| Nhn Entertain (181710) | $1.04 Trillion | 4.87% | 0.22x | $868.14 Million |
| DoubleU Games Co Ltd (192080) | $518.25 Billion | 16.93% | 0.92x | $810.48 Million |
| Devsisters corporation (194480) | $179.91 Billion | -3.72% | 0.67x | $168.30 Million |
About NCsoft Corp
NCSOFT Corporation, together with its subsidiaries, develops and publishes online games in Korea, Japan, Taiwan, the United States of America, Europe, and Canada. It also engages in software development, call center management, professional baseball team, creation of 3D resources, and mutual fund activities. NCSOFT Corporation was incorporated in 1997 and is headquartered in Seoul, South Korea.