Netmarble Games Corp
Netmarble Corporation develops and publishes PC, mobile, and console games in South Korea and internationally. The company was founded in 2000 and is based in Seoul, South Korea.
Netmarble Games Corp (251270) - Net Assets
Latest net assets as of September 2025: ₩5.46 Trillion KRW
Based on the latest financial reports, Netmarble Games Corp (251270) has net assets worth ₩5.46 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 (₩7.98 Trillion) and total liabilities (₩2.52 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 | ₩5.46 Trillion |
| % of Total Assets | 68.41% |
| Annual Growth Rate | 40.73% |
| 5-Year Change | -3.13% |
| 10-Year Change | 363.61% |
| Growth Volatility | 515.65 |
Netmarble Games Corp - Net Assets Trend (2011–2024)
This chart illustrates how Netmarble Games Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Netmarble Games Corp (2011–2024)
The table below shows the annual net assets of Netmarble Games Corp from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩5.47 Trillion | +7.77% |
| 2023-12-31 | ₩5.08 Trillion | -9.65% |
| 2022-12-31 | ₩5.62 Trillion | -6.42% |
| 2021-12-31 | ₩6.01 Trillion | +6.32% |
| 2020-12-31 | ₩5.65 Trillion | +21.56% |
| 2019-12-31 | ₩4.65 Trillion | +2.13% |
| 2018-12-31 | ₩4.55 Trillion | +1.93% |
| 2017-12-31 | ₩4.47 Trillion | +240.77% |
| 2016-12-31 | ₩1.31 Trillion | +10.98% |
| 2015-12-31 | ₩1.18 Trillion | +1733.08% |
| 2011-12-31 | ₩64.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Netmarble Games 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 114730766862000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.15 Trillion | 21.15% |
| Other Components | ₩4.27 Trillion | 78.85% |
| Total Equity | ₩5.42 Trillion | 100.00% |
Netmarble Games Corp Competitors by Market Cap
The table below lists competitors of Netmarble Games Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Honghua Digital Technology Stock Company LTD
SHG:688789
|
$933.45 Million |
|
Green Plains Renewable Energy Inc
NASDAQ:GPRE
|
$933.75 Million |
|
Lifestyle Communities Limited
PINK:LCOMF
|
$933.84 Million |
|
Limin Chemical Co Ltd
SHE:002734
|
$934.13 Million |
|
Anhui Jinhe Industrial Co Ltd
SHE:002597
|
$932.89 Million |
|
Upbound Group Inc.
NASDAQ:UPBD
|
$932.42 Million |
|
China Automotive Engineering Research Institute Co Ltd
SHG:601965
|
$931.96 Million |
|
Shanghai STEP Electric Corp
SHE:002527
|
$931.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Netmarble Games Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,979,527,938,260 to 5,416,041,831,040, a change of 436,513,892,780 (8.8%).
- Net income of 25,640,335,230 contributed positively to equity growth.
- Dividend payments of 89,058,900 reduced retained earnings.
- Other factors increased equity by 410,962,616,450.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩25.64 Billion | +0.47% |
| Dividends Paid | ₩89.06 Million | -0.0% |
| Other Changes | ₩410.96 Billion | +7.59% |
| Total Change | ₩- | 8.77% |
Book Value vs Market Value Analysis
This analysis compares Netmarble Games 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: 0.80x
- 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 decreased from 1.04x to 0.80x 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 | ₩50934.91 | ₩53200.00 | x |
| 2018-12-31 | ₩52178.90 | ₩53200.00 | x |
| 2019-12-31 | ₩54472.52 | ₩53200.00 | x |
| 2020-12-31 | ₩66079.71 | ₩53200.00 | x |
| 2021-12-31 | ₩70683.48 | ₩53200.00 | x |
| 2022-12-31 | ₩66649.30 | ₩53200.00 | x |
| 2023-12-31 | ₩60774.44 | ₩53200.00 | x |
| 2024-12-31 | ₩66102.03 | ₩53200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Netmarble Games 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): 0.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.96%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.51x
- Recent ROE (0.47%) is below the historical average (1.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -14.54% | -15.68% | 0.46x | 2.03x | ₩-12.00 Billion |
| 2015 | 11.38% | 11.23% | 0.74x | 1.38x | ₩14.62 Billion |
| 2016 | 14.30% | 11.60% | 0.77x | 1.61x | ₩52.35 Billion |
| 2017 | 7.16% | 12.78% | 0.45x | 1.24x | ₩-123.14 Billion |
| 2018 | 4.33% | 9.38% | 0.37x | 1.24x | ₩-247.82 Billion |
| 2019 | 3.50% | 7.16% | 0.38x | 1.30x | ₩-289.20 Billion |
| 2020 | 5.79% | 12.59% | 0.30x | 1.52x | ₩-227.76 Billion |
| 2021 | 4.15% | 9.58% | 0.24x | 1.84x | ₩-338.90 Billion |
| 2022 | -15.00% | -30.64% | 0.30x | 1.64x | ₩-1.37 Trillion |
| 2023 | -5.13% | -10.22% | 0.32x | 1.59x | ₩-753.62 Billion |
| 2024 | 0.47% | 0.96% | 0.33x | 1.51x | ₩-515.96 Billion |
Industry Comparison
This section compares Netmarble Games 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: $547,940,088,979
- Average return on equity (ROE) among peers: -2.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Netmarble Games Corp (251270) | ₩5.46 Trillion | -14.54% | 0.46x | $933.44 Million |
| Barunson Entertainment & Arts Corporation (035620) | $71.65 Billion | -18.60% | 0.74x | $8.74 Million |
| NCsoft Corp (036570) | $811.88 Billion | 20.53% | 0.29x | $1.65 Billion |
| HANBIT SOFT Inc (047080) | $15.55 Billion | -60.47% | 1.04x | $12.73 Million |
| Actoz Soft Co.Ltd (052790) | $190.46 Billion | 7.92% | 0.22x | $19.26 Million |
| JOYCITY Corporation (067000) | $78.15 Billion | 14.49% | 0.42x | $71.15 Million |
| Com2uS Corporation (078340) | $973.26 Billion | 8.26% | 0.08x | $171.97 Million |
| SundayToz Corp (123420) | $136.79 Billion | 2.17% | 0.14x | $28.61 Million |
| Nhn Entertain (181710) | $1.51 Trillion | 0.83% | 0.22x | $334.09 Million |
| DoubleU Games Co Ltd (192080) | $1.56 Trillion | 12.03% | 0.06x | $334.98 Million |
| Devsisters corporation (194480) | $134.84 Billion | -13.88% | 0.11x | $202.76 Million |