Meritz Financi (138040) - Net Assets

Latest as of March 2026: ₩11.80 Trillion KRW ≈ $7.99 Billion USD

Based on the latest financial reports, Meritz Financi (138040) has net assets worth ₩11.80 Trillion KRW (≈ $7.99 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩144.40 Trillion ≈ $97.86 Billion USD) and total liabilities (₩132.60 Trillion ≈ $89.86 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. Also explore 138040 total asset value for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩11.80 Trillion
% of Total Assets	8.17%
Annual Growth Rate	15.12%
5-Year Change	63.6%
10-Year Change	182.48%
Growth Volatility	18.81

Meritz Financi - Net Assets Trend (2011–2025)

This chart illustrates how Meritz Financi's net assets have evolved over time, based on quarterly financial data. Check Meritz Financi (138040) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Meritz Financi (2011–2025)

The table below shows the annual net assets of Meritz Financi from 2011 to 2025. For live valuation and market cap data, see market cap of Meritz Financi.

Year	Net Assets	Change
2025-12-31	₩11.26 Trillion ≈ $7.63 Billion	+3.03%
2024-12-31	₩10.93 Trillion ≈ $7.41 Billion	+8.25%
2023-12-31	₩10.10 Trillion ≈ $6.84 Billion	+69.53%
2022-12-31	₩5.96 Trillion ≈ $4.04 Billion	-13.47%
2021-12-31	₩6.88 Trillion ≈ $4.66 Billion	+0.09%
2020-12-31	₩6.88 Trillion ≈ $4.66 Billion	+15.35%
2019-12-31	₩5.96 Trillion ≈ $4.04 Billion	+9.30%
2018-12-31	₩5.45 Trillion ≈ $3.70 Billion	+12.89%
2017-12-31	₩4.83 Trillion ≈ $3.27 Billion	+21.20%
2016-12-31	₩3.99 Trillion ≈ $2.70 Billion	+9.84%
2015-12-31	₩3.63 Trillion ≈ $2.46 Billion	+20.99%
2014-12-31	₩3.00 Trillion ≈ $2.03 Billion	+39.27%
2013-12-31	₩2.15 Trillion ≈ $1.46 Billion	+22.42%
2012-12-31	₩1.76 Trillion ≈ $1.19 Billion	+12.15%
2011-12-31	₩1.57 Trillion ≈ $1.06 Billion	--

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 3122.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩9.24 Trillion	89.49%
Other Components	₩1.08 Trillion	10.51%
Total Equity	₩10.32 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
Albemarle Corp NYSE:ALB	$13.87 Billion
Grab Holdings Ltd NASDAQ:GRAB	$13.89 Billion
METSO OUTOTEC UNS.ADR 1/2 F:M6QB	$13.91 Billion
Everest Group Ltd NYSE:EG	$13.91 Billion
Euronext N.V. PA:ENX	$13.83 Billion
Best Buy Co. Inc NYSE:BBY	$13.82 Billion
China Railway Group Limited SHG:601390	$13.81 Billion
Korea Zinc Inc KO:010130	$13.81 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 2024 to 2025, total equity changed from 10,094,442,922,760 to 10,322,630,113,710, a change of 228,187,190,950 (2.3%).
Net income of 2,300,359,733,510 contributed positively to equity growth.
Dividend payments of 336,090,389,630 reduced retained earnings.
Share repurchases of 1,310,114,236,000 reduced equity.
Other factors decreased equity by 425,967,916,930.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩2.30 Trillion	+22.28%
Dividends Paid	₩336.09 Billion	-3.26%
Share Repurchases	₩1.31 Trillion	-12.69%
Other Changes	₩-425.97 Billion	-4.13%
Total Change	₩-	2.26%

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: 2.02x
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 8.33x to 2.02x 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	₩124000.00	x
2018-12-31	₩17944.49	₩124000.00	x
2019-12-31	₩20398.63	₩124000.00	x
2020-12-31	₩25445.05	₩124000.00	x
2021-12-31	₩29447.06	₩124000.00	x
2022-12-31	₩26965.68	₩124000.00	x
2023-12-31	₩50456.85	₩124000.00	x
2024-12-31	₩56152.90	₩124000.00	x
2025-12-31	₩61285.66	₩124000.00	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): 22.28%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 53.66%
• Asset Turnover: 0.03x
• Equity Multiplier: 13.12x
Recent ROE (22.28%) is above the historical average (18.57%), 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
2025	22.28%	53.66%	0.03x	13.12x	₩1.27 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: $530,210,141,619
Average return on equity (ROE) among peers: 2.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Meritz Financi (138040)	₩11.80 Trillion	33.88%	11.24x	$13.86 Billion
Eugene Inv&Sec (001200)	$316.74 Billion	0.01%	1.20x	$257.67 Million
Bookook Sec (001270)	$351.21 Billion	5.54%	1.84x	$208.49 Million
Bookook Securities Co Ltd (001275)	$659.01 Billion	11.74%	1.50x	$60.86 Million
Sangsangin Investment & Securities Co Ltd (001290)	$195.40 Billion	-3.00%	5.37x	$46.81 Million
Hyundai Motor Securities Co. Ltd. (001500)	$886.92 Billion	5.70%	6.54x	$316.37 Million
Sk Securities (001510)	$376.61 Billion	-12.97%	10.22x	$285.28 Million
SK Securities Co Ltd Preference Shares (001515)	$604.62 Billion	4.77%	10.35x	$784.84 Million
Shinyoung Securities Co. Ltd. (001720)	$1.49 Trillion	5.98%	6.43x	$733.06 Million
Hanyang Sec (001750)	$159.24 Billion	9.62%	0.75x	$168.38 Million
Hanyang Securities Co Ltd (001755)	$259.77 Billion	2.51%	1.55x	$168.29 Million

About Meritz Financi

KO:138040 Korea Capital Markets

Market Cap

$13.86 Billion

₩20.45 Trillion KRW

Market Cap Rank

#1722 Global

#32 in Korea

Share Price

₩124000.00

Change (1 day)

-0.08%

52-Week Range

₩100600.00 - ₩146200.00

All Time High

₩146200.00