The BORN Korea
The Born Korea engages in the restaurant business. It operates direct and franchise restaurants in South Korea, the United States, China, Japan, Singapore, Indonesia, Malaysia, the Philippines, and Vietnam. The company was founded in 1993 and is headquartered in Seoul, South Korea.
The BORN Korea (475560) - Net Assets
Latest net assets as of June 2024: ₩147.34 Billion KRW
Based on the latest financial reports, The BORN Korea (475560) has net assets worth ₩147.34 Billion KRW as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩227.15 Billion) and total liabilities (₩79.81 Billion). 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 | ₩147.34 Billion |
| % of Total Assets | 64.87% |
| Annual Growth Rate | 21.99% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.32 |
The BORN Korea - Net Assets Trend (2020–2023)
This chart illustrates how The BORN Korea's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The BORN Korea (2020–2023)
The table below shows the annual net assets of The BORN Korea from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩132.73 Billion | +26.46% |
| 2022-12-31 | ₩104.96 Billion | +23.51% |
| 2021-12-31 | ₩84.98 Billion | +16.19% |
| 2020-12-31 | ₩73.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The BORN Korea'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 73.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩115.90 Billion | 87.33% |
| Other Components | ₩16.81 Billion | 12.67% |
| Total Equity | ₩132.71 Billion | 100.00% |
The BORN Korea Competitors by Market Cap
The table below lists competitors of The BORN Korea ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SDCL EDGE Acquisition Corporation
NYSE:SEDA-UN
|
$55.19 Million |
|
POLARIS MEDIA ASA NK 20
F:93J
|
$55.20 Million |
|
IL Science Co. Ltd
KQ:307180
|
$55.21 Million |
|
Melisron
TA:MLSR
|
$55.21 Million |
|
SPARQ Corp.
OTCQB:SPRQF
|
$55.18 Million |
|
Dicot AB
ST:DICOT
|
$55.17 Million |
|
SKY Metals Ltd
AU:SKY
|
$55.16 Million |
|
Bonraybio Co., Ltd.
TW:6955
|
$55.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The BORN Korea's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 105,663,475,050 to 132,706,871,950, a change of 27,043,396,900 (25.6%).
- Net income of 21,064,409,000 contributed positively to equity growth.
- Other factors increased equity by 5,978,987,900.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩21.06 Billion | +15.87% |
| Other Changes | ₩5.98 Billion | +4.51% |
| Total Change | ₩- | 25.59% |
Book Value vs Market Value Analysis
This analysis compares The BORN Korea'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: 2.35x
- 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 4.25x to 2.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₩5080.46 | ₩21600.00 | x |
| 2021-12-31 | ₩5911.91 | ₩21600.00 | x |
| 2022-12-31 | ₩7304.25 | ₩21600.00 | x |
| 2023-12-31 | ₩9173.69 | ₩21600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The BORN Korea 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): 15.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.13%
- • Asset Turnover: 1.97x
- • Equity Multiplier: 1.57x
- Recent ROE (15.87%) is above the historical average (13.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 10.68% | 5.21% | 1.09x | 1.88x | ₩499.74 Million |
| 2021 | 13.69% | 6.03% | 1.32x | 1.72x | ₩3.16 Billion |
| 2022 | 15.28% | 5.72% | 1.61x | 1.65x | ₩5.58 Billion |
| 2023 | 15.87% | 5.13% | 1.97x | 1.57x | ₩7.79 Billion |
Industry Comparison
This section compares The BORN Korea's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $29,488,033,610
- Average return on equity (ROE) among peers: 22.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The BORN Korea (475560) | ₩147.34 Billion | 10.68% | 0.54x | $55.19 Million |
| Kyochon F And B Co Ltd (339770) | $29.49 Billion | 22.72% | 1.43x | $42.56 Million |