Ssangyong Information & Communications Corp (010280) - Net Assets
Based on the latest financial reports, Ssangyong Information & Communications Corp (010280) has net assets worth ₩78.42 Billion KRW (≈ $53.14 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩326.30 Billion ≈ $221.13 Million USD) and total liabilities (₩247.88 Billion ≈ $167.98 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. Check 010280 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩78.42 Billion |
| % of Total Assets | 24.03% |
| Annual Growth Rate | 5.21% |
| 5-Year Change | 171.59% |
| 10-Year Change | 162.7% |
| Growth Volatility | 28.66 |
Ssangyong Information & Communications Corp - Net Assets Trend (2011–2024)
This chart illustrates how Ssangyong Information & Communications Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Ssangyong Information & Communications C's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Ssangyong Information & Communications Corp (2011–2024)
The table below shows the annual net assets of Ssangyong Information & Communications Corp from 2011 to 2024. For live valuation and market cap data, see market cap of Ssangyong Information & Communications C.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩76.13 Billion ≈ $51.59 Million |
+17.16% |
| 2023-12-31 | ₩64.98 Billion ≈ $44.04 Million |
+14.01% |
| 2022-12-31 | ₩57.00 Billion ≈ $38.63 Million |
+27.48% |
| 2021-12-31 | ₩44.71 Billion ≈ $30.30 Million |
+59.50% |
| 2020-12-31 | ₩28.03 Billion ≈ $19.00 Million |
-36.76% |
| 2019-12-31 | ₩44.32 Billion ≈ $30.04 Million |
+0.54% |
| 2018-12-31 | ₩44.09 Billion ≈ $29.88 Million |
+65.96% |
| 2017-12-31 | ₩26.56 Billion ≈ $18.00 Million |
-6.85% |
| 2016-12-31 | ₩28.52 Billion ≈ $19.33 Million |
-1.59% |
| 2015-12-31 | ₩28.98 Billion ≈ $19.64 Million |
-16.07% |
| 2014-12-31 | ₩34.53 Billion ≈ $23.40 Million |
-26.85% |
| 2013-12-31 | ₩47.21 Billion ≈ $31.99 Million |
+7.93% |
| 2012-12-31 | ₩43.74 Billion ≈ $29.64 Million |
+11.13% |
| 2011-12-31 | ₩39.36 Billion ≈ $26.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ssangyong Information & Communications 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 3559.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩30.68 Billion | 40.30% |
| Common Stock | ₩32.56 Billion | 42.77% |
| Other Components | ₩12.89 Billion | 16.94% |
| Total Equity | ₩76.13 Billion | 100.00% |
Ssangyong Information & Communications Corp Competitors by Market Cap
The table below lists competitors of Ssangyong Information & Communications Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Talon Capital Corp. Class A Ordinary Shares
NASDAQ:TLNC
|
$262.18 Million |
|
Service Properties Trust
NASDAQ:SVC
|
$262.21 Million |
|
Orion Engineered Carbons SA
NYSE:OEC
|
$262.22 Million |
|
Shindaeyang Pa
KO:016590
|
$262.24 Million |
|
Ainsworth Game Technology Ltd
AU:AGI
|
$262.13 Million |
|
Simulations Plus Inc
NASDAQ:SLP
|
$261.91 Million |
|
Dagang Nexchange Bhd
KLSE:4456
|
$261.87 Million |
|
Veedol Corporation Limited
NSE:VEEDOL
|
$261.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ssangyong Information & Communications Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 63,657,989,770 to 76,133,596,210, a change of 12,475,606,440 (19.6%).
- Net income of 11,657,221,710 contributed positively to equity growth.
- Share repurchases of 222,225,000 reduced equity.
- New share issuances of 222,225,000 increased equity.
- Other factors increased equity by 818,384,730.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩11.66 Billion | +15.31% |
| Share Repurchases | ₩222.22 Million | -0.29% |
| Share Issuances | ₩222.22 Million | +0.29% |
| Other Changes | ₩818.38 Million | +1.07% |
| Total Change | ₩- | 19.60% |
Book Value vs Market Value Analysis
This analysis compares Ssangyong Information & Communications 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: 5.08x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.78x to 5.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩607.51 | ₩5940.00 | x |
| 2017-12-31 | ₩565.86 | ₩5940.00 | x |
| 2018-12-31 | ₩939.12 | ₩5940.00 | x |
| 2019-12-31 | ₩944.16 | ₩5940.00 | x |
| 2020-12-31 | ₩597.12 | ₩5940.00 | x |
| 2021-12-31 | ₩699.01 | ₩5940.00 | x |
| 2022-12-31 | ₩891.13 | ₩5940.00 | x |
| 2023-12-31 | ₩977.49 | ₩5940.00 | x |
| 2024-12-31 | ₩1169.06 | ₩5940.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ssangyong Information & Communications 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): 15.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.64%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 3.53x
- Recent ROE (15.31%) is above the historical average (-1.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 11.62% | 2.04% | 2.19x | 2.60x | ₩639.01 Million |
| 2012 | 11.42% | 2.54% | 1.59x | 2.83x | ₩619.59 Million |
| 2013 | 6.50% | 1.66% | 1.63x | 2.40x | ₩-1.65 Billion |
| 2014 | -31.90% | -6.12% | 1.93x | 2.70x | ₩-14.47 Billion |
| 2015 | -20.28% | -3.22% | 1.80x | 3.50x | ₩-8.78 Billion |
| 2016 | -6.35% | -0.83% | 2.12x | 3.63x | ₩-4.66 Billion |
| 2017 | -19.28% | -3.51% | 1.93x | 2.84x | ₩-7.78 Billion |
| 2018 | 40.14% | 14.35% | 1.57x | 1.79x | ₩13.29 Billion |
| 2019 | 2.95% | 1.21% | 1.31x | 1.86x | ₩-3.12 Billion |
| 2020 | -54.40% | -12.71% | 1.05x | 4.08x | ₩-18.05 Billion |
| 2021 | -4.06% | -0.75% | 1.78x | 3.04x | ₩-6.29 Billion |
| 2022 | 21.08% | 3.70% | 1.23x | 4.62x | ₩6.32 Billion |
| 2023 | 8.53% | 1.38% | 1.95x | 3.16x | ₩-938.30 Million |
| 2024 | 15.31% | 2.64% | 1.64x | 3.53x | ₩4.04 Billion |
Industry Comparison
This section compares Ssangyong Information & Communications Corp's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,110,788,151,229
- Average return on equity (ROE) among peers: -4.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ssangyong Information & Communications Corp (010280) | ₩78.42 Billion | 11.62% | 3.16x | $262.15 Million |
| CItech Co Ltd (004920) | $47.82 Billion | -13.20% | 0.66x | $41.29 Million |
| DB INC (012030) | $110.25 Billion | -112.95% | 2.32x | $260.21 Million |
| Samsung SDS Co Ltd (018260) | $8.47 Trillion | 12.99% | 0.41x | $8.71 Billion |
| Daou Tech (023590) | $591.90 Billion | 13.31% | 1.85x | $1.36 Billion |
| Daou Data Corp (032190) | $435.38 Billion | 7.59% | 43.43x | $598.27 Million |
| Shinsegae I&C (035510) | $192.27 Billion | 15.22% | 0.59x | $187.97 Million |
| WIZ CORP Inc (038620) | $40.73 Billion | 3.61% | 0.13x | $24.55 Million |
| KL-Net Corp (039420) | $44.40 Billion | 13.39% | 0.19x | $42.44 Million |
| Leenos Corp (039980) | $67.37 Billion | 22.67% | 0.47x | $453.43 Million |
About Ssangyong Information & Communications Corp
Itcenentec Co.,Ltd. engages in the system integration business in South Korea. The company is also involved in the software development; and IT and cloud consulting activities. It serves public, national defense, IT outsourcing, and sports sectors. The company was formerly known as Ssangyong Information & Communications Corp. and changed its name to Itcenentec Co.,Ltd. in February 2025. Itcenente… Read more