Hancom Inc
Hancom Inc. develops software products in South Korea and internationally. The company offers Hancom Office, an office software to edit in various formats, as well as translate into various languages for Windows, Mac, android, and iOS devices; and EzPhoto 3 VP that recognizes the model of the camera used to take a photo and corrects the colors in an optimal way. It also provides Hancom Space, a c… Read more
Hancom Inc (030520) - Net Assets
Latest net assets as of September 2025: ₩511.57 Billion KRW
Based on the latest financial reports, Hancom Inc (030520) has net assets worth ₩511.57 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩721.79 Billion) and total liabilities (₩210.22 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 | ₩511.57 Billion |
| % of Total Assets | 70.87% |
| Annual Growth Rate | 11.85% |
| 5-Year Change | 80.77% |
| 10-Year Change | 220.36% |
| Growth Volatility | 65.19 |
Hancom Inc - Net Assets Trend (2001–2024)
This chart illustrates how Hancom Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hancom Inc (2001–2024)
The table below shows the annual net assets of Hancom Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩485.67 Billion | +3.21% |
| 2023-12-31 | ₩470.58 Billion | +49.07% |
| 2022-12-31 | ₩315.69 Billion | +13.59% |
| 2021-12-31 | ₩277.91 Billion | +3.44% |
| 2020-12-31 | ₩268.66 Billion | +14.11% |
| 2019-12-31 | ₩235.44 Billion | +18.43% |
| 2018-12-31 | ₩198.80 Billion | +7.38% |
| 2017-12-31 | ₩185.14 Billion | +16.72% |
| 2016-12-31 | ₩158.61 Billion | +4.63% |
| 2015-12-31 | ₩151.60 Billion | +1.25% |
| 2014-12-31 | ₩149.72 Billion | +7.03% |
| 2013-12-31 | ₩139.89 Billion | +11.61% |
| 2012-12-31 | ₩125.34 Billion | +14.04% |
| 2011-12-31 | ₩109.91 Billion | -6.59% |
| 2009-12-31 | ₩117.66 Billion | +273.31% |
| 2002-12-31 | ₩31.52 Billion | -14.70% |
| 2001-12-31 | ₩36.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hancom Inc'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 23557568872000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩235.58 Billion | 67.60% |
| Common Stock | ₩13.47 Billion | 3.86% |
| Other Components | ₩99.42 Billion | 28.53% |
| Total Equity | ₩348.46 Billion | 100.00% |
Hancom Inc Competitors by Market Cap
The table below lists competitors of Hancom Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Larimar Therapeutics Inc
NASDAQ:LRMR
|
$220.78 Million |
|
Mayville Engineering Co Inc
NYSE:MEC
|
$220.80 Million |
|
Henan Provincial Communications Planning & Design Institute Co Ltd Class A
SHE:300732
|
$220.82 Million |
|
Shanghai Diesel Engine Co Ltd B
SHG:900920
|
$220.82 Million |
|
Australian Clinical Labs Ltd
AU:ACL
|
$220.73 Million |
|
YC Inox Co Ltd
TW:2034
|
$220.71 Million |
|
Brainsway Ltd
NASDAQ:BWAY
|
$220.68 Million |
|
Shree Renuka Sugars Limited
NSE:RENUKA
|
$220.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hancom Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 335,002,919,840 to 348,459,900,370, a change of 13,456,980,530 (4.0%).
- Net income of 13,879,081,220 contributed positively to equity growth.
- Dividend payments of 9,787,875,470 reduced retained earnings.
- Share repurchases of 8,317,008,680 reduced equity.
- New share issuances of 8,323,592,800 increased equity.
- Other factors increased equity by 9,359,190,660.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩13.88 Billion | +3.98% |
| Dividends Paid | ₩9.79 Billion | -2.81% |
| Share Repurchases | ₩8.32 Billion | -2.39% |
| Share Issuances | ₩8.32 Billion | +2.39% |
| Other Changes | ₩9.36 Billion | +2.69% |
| Total Change | ₩- | 4.02% |
Book Value vs Market Value Analysis
This analysis compares Hancom Inc'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: 1.45x
- 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 2.90x to 1.45x 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 | ₩7263.64 | ₩21050.00 | x |
| 2017-12-31 | ₩8478.29 | ₩21050.00 | x |
| 2018-12-31 | ₩9101.62 | ₩21050.00 | x |
| 2019-12-31 | ₩10148.05 | ₩21050.00 | x |
| 2020-12-31 | ₩11512.76 | ₩21050.00 | x |
| 2021-12-31 | ₩11566.60 | ₩21050.00 | x |
| 2022-12-31 | ₩13442.45 | ₩21050.00 | x |
| 2023-12-31 | ₩14030.86 | ₩21050.00 | x |
| 2024-12-31 | ₩14477.39 | ₩21050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hancom Inc 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): 3.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.55%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.96x
- Recent ROE (3.98%) is below the historical average (10.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 13.24% | 22.60% | 0.41x | 1.43x | ₩3.53 Billion |
| 2011 | 12.24% | 23.62% | 0.46x | 1.12x | ₩2.47 Billion |
| 2012 | 9.96% | 19.03% | 0.47x | 1.11x | ₩-49.65 Million |
| 2013 | 13.63% | 26.56% | 0.47x | 1.09x | ₩5.08 Billion |
| 2014 | 13.41% | 26.48% | 0.44x | 1.16x | ₩5.11 Billion |
| 2015 | 15.84% | 28.27% | 0.40x | 1.41x | ₩8.86 Billion |
| 2016 | 9.40% | 14.73% | 0.44x | 1.44x | ₩-951.27 Million |
| 2017 | 10.90% | 16.65% | 0.22x | 2.95x | ₩1.66 Billion |
| 2018 | 3.28% | 3.06% | 0.32x | 3.30x | ₩-13.36 Billion |
| 2019 | 8.18% | 6.03% | 0.49x | 2.77x | ₩-4.28 Billion |
| 2020 | 13.81% | 9.24% | 0.56x | 2.69x | ₩10.23 Billion |
| 2021 | 6.48% | 7.45% | 0.29x | 3.05x | ₩-9.78 Billion |
| 2022 | 14.81% | 19.32% | 0.35x | 2.20x | ₩15.19 Billion |
| 2023 | 4.50% | 5.56% | 0.43x | 1.89x | ₩-18.42 Billion |
| 2024 | 3.98% | 4.55% | 0.45x | 1.96x | ₩-20.97 Billion |
Industry Comparison
This section compares Hancom Inc's net assets metrics with peer companies in the Software & IT Services industry.
Industry Context
- Industry: Software & IT Services
- Average net assets among peers: $53,572,757,757
- Average return on equity (ROE) among peers: -0.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hancom Inc (030520) | ₩511.57 Billion | 13.24% | 0.41x | $220.76 Million |
| Daishin Information & Communications Co.Ltd (020180) | $22.59 Billion | 6.07% | 1.01x | $22.52 Million |
| PLAYWITH Inc (023770) | $27.14 Billion | -3.24% | 0.25x | $6.48 Million |
| Dragonfly GF Co. Ltd (030350) | $12.37 Billion | -46.47% | 0.21x | $9.22 Million |
| UBcare. Co. Ltd (032620) | $117.89 Billion | 11.29% | 0.27x | $64.64 Million |
| Softcen Co. Ltd (032680) | $36.08 Billion | -1.60% | 1.26x | $4.53 Million |
| InfoBank Corporation (039290) | $77.87 Billion | 7.95% | 0.29x | $15.61 Million |
| Korea Business News Co. Ltd (039340) | $60.86 Billion | 9.88% | 0.20x | $21.73 Million |
| Total Soft Bank Ltd (045340) | $5.60 Billion | 6.56% | 1.41x | $27.18 Million |
| DAEA TI Co. Ltd (045390) | $121.76 Billion | 8.83% | 1.07x | $171.69 Million |