Meritz Financi

KO:138040 Korea Capital Markets
Market Cap
$12.79 Billion
₩18.72 Trillion KRW
Market Cap Rank
#2594 Global
#41 in Korea
Share Price
₩109900.00
Change (1 day)
-1.88%
52-Week Range
₩101500.00 - ₩146200.00
All Time High
₩146200.00
Categories
Companies in Korea Capital Markets
About

Meritz Financial Group Inc., together with its subsidiaries, provides various financial services in South Korea and internationally. It operates through Insurance, Securities, Capital, and Others segments. The company offers various insurance contracts, including general non-life insurance comprising fire, marine, personal accident, engineering, liability, comprehensive, authority, guarantee, and… Read more

Meritz Financi (138040) - Net Assets

Latest net assets as of September 2025: ₩11.40 Trillion KRW

Based on the latest financial reports, Meritz Financi (138040) has net assets worth ₩11.40 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 (₩132.69 Trillion) and total liabilities (₩121.29 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 ₩11.40 Trillion
% of Total Assets 8.59%
Annual Growth Rate 16.1%
5-Year Change 58.93%
10-Year Change 201.16%
Growth Volatility 19.14

Meritz Financi - Net Assets Trend (2011–2024)

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

Annual Net Assets for Meritz Financi (2011–2024)

The table below shows the annual net assets of Meritz Financi from 2011 to 2024.

Year Net Assets Change
2024-12-31 ₩10.93 Trillion +8.25%
2023-12-31 ₩10.10 Trillion +69.53%
2022-12-31 ₩5.96 Trillion -13.47%
2021-12-31 ₩6.88 Trillion +0.09%
2020-12-31 ₩6.88 Trillion +15.35%
2019-12-31 ₩5.96 Trillion +9.30%
2018-12-31 ₩5.45 Trillion +12.89%
2017-12-31 ₩4.83 Trillion +21.20%
2016-12-31 ₩3.99 Trillion +9.84%
2015-12-31 ₩3.63 Trillion +20.99%
2014-12-31 ₩3.00 Trillion +39.27%
2013-12-31 ₩2.15 Trillion +22.42%
2012-12-31 ₩1.76 Trillion +12.15%
2011-12-31 ₩1.57 Trillion --

Equity Component Analysis

This analysis shows how different components contribute to Meritz Financi'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 2966.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩8.79 Trillion 87.08%
Other Components ₩1.30 Trillion 12.92%
Total Equity ₩10.09 Trillion 100.00%

Meritz Financi Competitors by Market Cap

The table below lists competitors of Meritz Financi ranked by their market capitalization.

Company Market Cap
Open Text Corp
NASDAQ:OTEX
 		$5.50 Billion
The Descartes Systems Group Inc
F:DC2
 		$5.51 Billion
Arca Continental S.A.B. de C.V
PINK:EMBVF
 		$5.51 Billion
DFYFF
PINK:DFYFF
 		$5.51 Billion
Kurita Water Industries Ltd
OTCGREY:KTWIY
 		$5.50 Billion
MINEBEA MITSUMI Inc.
PINK:MINBY
 		$5.50 Billion
Casella Waste Systems Inc
NASDAQ:CWST
 		$5.50 Billion
AAON Inc
NASDAQ:AAON
 		$5.50 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 9,581,907,410,670 to 10,094,442,922,760, a change of 512,535,512,090 (5.3%).
  • Net income of 2,306,096,480,020 contributed positively to equity growth.
  • Dividend payments of 510,244,842,630 reduced retained earnings.
  • Share repurchases of 858,300,688,300 reduced equity.
  • Other factors decreased equity by 425,015,437,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩2.31 Trillion +22.85%
Dividends Paid ₩510.24 Billion -5.05%
Share Repurchases ₩858.30 Billion -8.5%
Other Changes ₩-425.02 Billion -4.21%
Total Change ₩- 5.35%

Book Value vs Market Value Analysis

This analysis compares Meritz Financi'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: 1.96x
  • 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 7.38x to 1.96x 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 ₩14894.14 ₩109900.00 x
2018-12-31 ₩17944.49 ₩109900.00 x
2019-12-31 ₩20398.63 ₩109900.00 x
2020-12-31 ₩25445.05 ₩109900.00 x
2021-12-31 ₩29447.06 ₩109900.00 x
2022-12-31 ₩26965.68 ₩109900.00 x
2023-12-31 ₩50456.85 ₩109900.00 x
2024-12-31 ₩56152.90 ₩109900.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Meritz Financi 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): 22.85%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 54.45%
  • • Asset Turnover: 0.04x
  • • Equity Multiplier: 11.45x
  • Recent ROE (22.85%) is above the historical average (18.31%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2011 33.88% 38.51% 0.08x 11.53x ₩201.82 Billion
2012 5.82% 5.89% 0.08x 11.88x ₩-40.15 Billion
2013 7.75% 1.54% 0.22x 22.42x ₩-21.15 Billion
2014 8.53% 7.64% 0.06x 19.63x ₩-20.06 Billion
2015 13.09% 2.56% 0.25x 20.57x ₩48.12 Billion
2016 29.68% 27.68% 0.05x 21.35x ₩346.08 Billion
2017 17.99% 15.46% 0.06x 20.44x ₩164.34 Billion
2018 12.70% 12.81% 0.05x 21.11x ₩66.83 Billion
2019 14.49% 12.77% 0.05x 22.47x ₩123.52 Billion
2020 14.62% 13.91% 0.05x 20.77x ₩154.79 Billion
2021 21.21% 18.58% 0.05x 22.05x ₩417.13 Billion
2022 32.39% 22.55% 0.05x 28.33x ₩733.04 Billion
2023 21.31% 49.79% 0.04x 10.67x ₩1.08 Trillion
2024 22.85% 54.45% 0.04x 11.45x ₩1.30 Trillion

Industry Comparison

This section compares Meritz Financi's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

  • Industry: Capital Markets
  • Average net assets among peers: $572,960,343,968
  • Average return on equity (ROE) among peers: 3.35%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Meritz Financi (138040) ₩11.40 Trillion 33.88% 10.64x $5.50 Billion
Eugene Inv&Sec (001200) $647.53 Billion 0.00% 3.34x $202.13 Million
Bookook Sec (001270) $228.80 Billion 4.28% 0.42x $177.80 Million
Bookook Securities Co Ltd (001275) $424.04 Billion 5.85% 1.85x $84.24 Million
Sangsangin Investment & Securities Co Ltd (001290) $89.09 Billion 0.00% 0.59x $28.07 Million
Shinyoung Securities Co. Ltd. (001720) $667.80 Billion 7.82% 4.60x $417.43 Million
Hanyang Sec (001750) $141.63 Billion 0.00% 0.66x $114.30 Million
Yuhwa Sec (003460) $456.03 Billion 1.32% 0.37x $51.58 Million
Yuhwa Securities Co Ltd (003465) $471.63 Billion 1.11% 0.53x $49.81 Million
Yuanta Sec Kor (003470) $1.41 Trillion 4.36% 15.94x $300.93 Million
Yuanta Securities Korea Co Ltd Preference Shares (003475) $1.19 Trillion 8.80% 8.97x $272.09 Million