Igis Value Plus Reit Co Ltd (334890) - Net Assets
Based on the latest financial reports, Igis Value Plus Reit Co Ltd (334890) has net assets worth ₩437.17 Billion KRW (≈ $296.26 Million USD) as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩584.12 Billion ≈ $395.85 Million USD) and total liabilities (₩146.95 Billion ≈ $99.59 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. See Igis Value Plus Reit Co Ltd (334890) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩437.17 Billion |
| % of Total Assets | 74.84% |
| Annual Growth Rate | 158.58% |
| 5-Year Change | 157.62% |
| 10-Year Change | N/A |
| Growth Volatility | 3788.24 |
Igis Value Plus Reit Co Ltd - Net Assets Trend (2019–2025)
This chart illustrates how Igis Value Plus Reit Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Igis Value Plus Reit Co Ltd stock valuation.
Annual Net Assets for Igis Value Plus Reit Co Ltd (2019–2025)
The table below shows the annual net assets of Igis Value Plus Reit Co Ltd from 2019 to 2025. Also explore 334890 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | ₩449.48 Billion ≈ $304.60 Million |
+19.41% |
| 2024-08-31 | ₩376.40 Billion ≈ $255.08 Million |
-11.06% |
| 2023-08-31 | ₩423.19 Billion ≈ $286.79 Million |
+46.11% |
| 2022-08-31 | ₩289.63 Billion ≈ $196.28 Million |
+66.01% |
| 2021-08-31 | ₩174.47 Billion ≈ $118.24 Million |
+12.89% |
| 2020-08-31 | ₩154.54 Billion ≈ $104.73 Million |
+10191.39% |
| 2019-08-31 | ₩1.50 Billion ≈ $1.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Igis Value Plus Reit Co Ltd'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 8552560.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩142.55 Billion | 31.73% |
| Other Components | ₩306.69 Billion | 68.27% |
| Total Equity | ₩449.24 Billion | 100.00% |
Igis Value Plus Reit Co Ltd Competitors by Market Cap
The table below lists competitors of Igis Value Plus Reit Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Dividend Growth Split Corp Class A
TO:GDV
|
$127.73 Million |
|
Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B
SHG:900912
|
$127.76 Million |
|
UBM Development AG
VI:UBS
|
$127.77 Million |
|
Hyundai Bngste
KO:004560
|
$127.84 Million |
|
Molecular Partners AG
SW:MOLN
|
$127.56 Million |
|
King Polytechnic Engineering Co Ltd
TWO:6122
|
$127.55 Million |
|
Young Poong Precision Corporation
KQ:036560
|
$127.55 Million |
|
Komplett AS
OL:KOMPL
|
$127.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Igis Value Plus Reit Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 376,129,952,870 to 449,239,400,470, a change of 73,109,447,600 (19.4%).
- Net income of 11,937,012,150 contributed positively to equity growth.
- Dividend payments of 11,935,885,300 reduced retained earnings.
- New share issuances of 69,570,625,790 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩11.94 Billion | +2.66% |
| Dividends Paid | ₩11.94 Billion | -2.66% |
| Share Issuances | ₩69.57 Billion | +15.49% |
| Other Changes | ₩3.54 Billion | +0.79% |
| Total Change | ₩- | 19.44% |
Book Value vs Market Value Analysis
This analysis compares Igis Value Plus Reit Co Ltd'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: 0.42x
- 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 0.72x to 0.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-08-31 | ₩5045.31 | ₩3610.00 | x |
| 2020-08-31 | ₩25875.68 | ₩3610.00 | x |
| 2021-08-31 | ₩7268.04 | ₩3610.00 | x |
| 2022-08-31 | ₩8629.90 | ₩3610.00 | x |
| 2023-08-31 | ₩8103.29 | ₩3610.00 | x |
| 2024-08-31 | ₩7208.37 | ₩3610.00 | x |
| 2025-08-31 | ₩8609.49 | ₩3610.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Igis Value Plus Reit Co Ltd 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): 2.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 56.34%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.30x
- Recent ROE (2.66%) is below the historical average (8.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.23% | 0.00% | 0.00x | 1.00x | ₩-146.69 Million |
| 2020 | 23.98% | 99.06% | 0.24x | 1.00x | ₩21.61 Billion |
| 2021 | 12.75% | 95.52% | 0.13x | 1.01x | ₩4.81 Billion |
| 2022 | 15.56% | 95.48% | 0.14x | 1.14x | ₩16.09 Billion |
| 2023 | 6.97% | 71.33% | 0.07x | 1.37x | ₩-12.80 Billion |
| 2024 | -0.55% | -12.49% | 0.03x | 1.53x | ₩-39.68 Billion |
| 2025 | 2.66% | 56.34% | 0.04x | 1.30x | ₩-32.99 Billion |
Industry Comparison
This section compares Igis Value Plus Reit Co Ltd's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $427,508,661,412
- Average return on equity (ROE) among peers: -1.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Igis Value Plus Reit Co Ltd (334890) | ₩437.17 Billion | 0.23% | 0.34x | $127.65 Million |
| SK Reit Co Ltd (395400) | $772.58 Billion | 1.14% | 2.18x | $1.10 Billion |
| KB Star REIT Co. Ltd. (432320) | $195.78 Billion | -10.76% | 4.54x | $122.27 Million |
| SamsungFN REIT Co. Ltd. (448730) | $404.61 Billion | 1.07% | 1.14x | $295.87 Million |
| Hanwha REIT Co. Ltd. (451800) | $337.06 Billion | 0.95% | 1.11x | $653.60 Million |
About Igis Value Plus Reit Co Ltd
Igis Value Plus Reit Co., Ltd. engages in the acquisition, development, management, and lease of real estate properties. It also trades in securities. The company was founded in 2019 and is based in Seoul, South Korea.