KakaoBank Corp
KakaoBank Corp., an Internet bank, provides banking services through electronic financial transaction method in South Korea. It offers various deposits, including checking, group, safe box, piggy bank, journal account, time deposits, flexible savings, and 26 week and one month savings accounts; loans, comprising micro, overdraft, credit, used car, housing deposit, housing deposit loan refinancing… Read more
KakaoBank Corp (323410) - Net Assets
Latest net assets as of September 2025: ₩6.72 Trillion KRW
Based on the latest financial reports, KakaoBank Corp (323410) has net assets worth ₩6.72 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 (₩73.99 Trillion) and total liabilities (₩67.27 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 | ₩6.72 Trillion |
| % of Total Assets | 9.08% |
| Annual Growth Rate | 38.53% |
| 5-Year Change | 133.83% |
| 10-Year Change | N/A |
| Growth Volatility | 34.77 |
KakaoBank Corp - Net Assets Trend (2017–2024)
This chart illustrates how KakaoBank 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 KakaoBank Corp (2017–2024)
The table below shows the annual net assets of KakaoBank Corp from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩6.54 Trillion | +6.91% |
| 2023-12-31 | ₩6.12 Trillion | +7.04% |
| 2022-12-31 | ₩5.72 Trillion | +3.51% |
| 2021-12-31 | ₩5.52 Trillion | +97.41% |
| 2020-12-31 | ₩2.80 Trillion | +66.61% |
| 2019-12-31 | ₩1.68 Trillion | +47.20% |
| 2018-12-31 | ₩1.14 Trillion | +70.76% |
| 2017-12-31 | ₩667.86 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to KakaoBank 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 124299580246000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.12 Trillion | 17.17% |
| Other Components | ₩5.42 Trillion | 82.83% |
| Total Equity | ₩6.54 Trillion | 100.00% |
KakaoBank Corp Competitors by Market Cap
The table below lists competitors of KakaoBank Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mazda Motor Corporation
PINK:MZDAF
|
$3.71 Billion |
|
iRhythm Technologies Inc
NASDAQ:IRTC
|
$3.71 Billion |
|
Airtac International Group
TW:1590
|
$3.71 Billion |
|
Scholar Rock Holding Corp
NASDAQ:SRRK
|
$3.71 Billion |
|
Eastern Bankshares Inc
NASDAQ:EBC
|
$3.71 Billion |
|
United Community Banks, Inc.
NASDAQ:UCB
|
$3.71 Billion |
|
Hims Hers Health Inc
NYSE:HIMS
|
$3.71 Billion |
|
Hyundai Engineering & Construction Co Ltd
KO:000725
|
$3.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KakaoBank Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,117,694,000,000 to 6,540,131,000,000, a change of 422,437,000,000 (6.9%).
- Net income of 440,065,000,000 contributed positively to equity growth.
- Dividend payments of 71,451,000,000 reduced retained earnings.
- New share issuances of 482,000,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩440.06 Billion | +6.73% |
| Dividends Paid | ₩71.45 Billion | -1.09% |
| Share Issuances | ₩482.00 Million | +0.01% |
| Other Changes | ₩53.34 Billion | +0.82% |
| Total Change | ₩- | 6.91% |
Book Value vs Market Value Analysis
This analysis compares KakaoBank 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: 1.83x
- 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 15.40x to 1.83x 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 | ₩1630.31 | ₩25100.00 | x |
| 2018-12-31 | ₩2783.86 | ₩25100.00 | x |
| 2019-12-31 | ₩4097.94 | ₩25100.00 | x |
| 2020-12-31 | ₩6827.68 | ₩25100.00 | x |
| 2021-12-31 | ₩11621.48 | ₩25100.00 | x |
| 2022-12-31 | ₩11988.13 | ₩25100.00 | x |
| 2023-12-31 | ₩12843.13 | ₩25100.00 | x |
| 2024-12-31 | ₩13727.19 | ₩25100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KakaoBank 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): 6.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.88%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 9.60x
- Recent ROE (6.73%) is above the historical average (1.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -15.65% | 0.00% | 0.00x | 8.75x | ₩-171.28 Billion |
| 2018 | -1.84% | -17.22% | 0.01x | 10.63x | ₩-135.00 Billion |
| 2019 | 0.82% | 6.57% | 0.01x | 13.54x | ₩-154.14 Billion |
| 2020 | 4.06% | 26.13% | 0.02x | 9.53x | ₩-166.06 Billion |
| 2021 | 3.70% | 33.71% | 0.02x | 6.53x | ₩-348.01 Billion |
| 2022 | 4.60% | 25.93% | 0.03x | 6.91x | ₩-308.42 Billion |
| 2023 | 5.80% | 27.55% | 0.02x | 8.91x | ₩-256.86 Billion |
| 2024 | 6.73% | 28.88% | 0.02x | 9.60x | ₩-213.95 Billion |
Industry Comparison
This section compares KakaoBank Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $8,521,148,280,500
- Average return on equity (ROE) among peers: 11.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KakaoBank Corp (323410) | ₩6.72 Trillion | -15.65% | 10.02x | $3.71 Billion |
| Jeju Bank (006220) | $171.85 Billion | 12.87% | 15.89x | $74.33 Million |
| Industrial Bank Of Korea (024110) | $29.11 Trillion | 9.53% | 13.84x | $5.29 Billion |
| Hana Financial (086790) | $14.82 Trillion | 8.14% | 11.03x | $19.46 Billion |
| BNK Financial Group Inc (138930) | $1.65 Trillion | 16.71% | 16.21x | $3.21 Billion |
| Dgb Financial (139130) | $2.29 Trillion | 15.34% | 12.66x | $1.56 Billion |
| Jb Financial (175330) | $3.09 Trillion | 6.00% | 14.42x | $2.73 Billion |