Korea Ratings Co. Ltd (034950) - Net Assets
Based on the latest financial reports, Korea Ratings Co. Ltd (034950) has net assets worth ₩136.27 Billion KRW (≈ $92.35 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 (₩174.88 Billion ≈ $118.51 Million USD) and total liabilities (₩38.61 Billion ≈ $26.16 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 034950 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩136.27 Billion |
| % of Total Assets | 77.92% |
| Annual Growth Rate | 3.37% |
| 5-Year Change | 27.11% |
| 10-Year Change | 46.75% |
| Growth Volatility | 10.19 |
Korea Ratings Co. Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Korea Ratings Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Korea Ratings Co. Ltd for the complete picture of this company's asset base.
Annual Net Assets for Korea Ratings Co. Ltd (2009–2024)
The table below shows the annual net assets of Korea Ratings Co. Ltd from 2009 to 2024. For live valuation and market cap data, see Korea Ratings Co. Ltd (034950) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩118.99 Billion ≈ $80.64 Million |
-1.66% |
| 2023-12-31 | ₩121.00 Billion ≈ $82.00 Million |
+7.72% |
| 2022-12-31 | ₩112.33 Billion ≈ $76.12 Million |
+12.12% |
| 2021-12-31 | ₩100.18 Billion ≈ $67.89 Million |
+7.02% |
| 2020-12-31 | ₩93.61 Billion ≈ $63.44 Million |
-12.61% |
| 2019-12-31 | ₩107.11 Billion ≈ $72.59 Million |
+22.98% |
| 2018-12-31 | ₩87.10 Billion ≈ $59.03 Million |
-0.90% |
| 2017-12-31 | ₩87.89 Billion ≈ $59.56 Million |
+1.13% |
| 2016-12-31 | ₩86.91 Billion ≈ $58.90 Million |
+7.18% |
| 2015-12-31 | ₩81.09 Billion ≈ $54.95 Million |
-7.60% |
| 2014-12-31 | ₩87.76 Billion ≈ $59.47 Million |
+3.93% |
| 2013-12-31 | ₩84.44 Billion ≈ $57.23 Million |
+20.55% |
| 2012-12-31 | ₩70.05 Billion ≈ $47.47 Million |
-11.80% |
| 2012-09-30 | ₩79.42 Billion ≈ $53.82 Million |
-7.36% |
| 2011-12-31 | ₩85.73 Billion ≈ $58.10 Million |
+5.11% |
| 2010-12-31 | ₩81.56 Billion ≈ $55.27 Million |
+12.65% |
| 2009-12-31 | ₩72.40 Billion ≈ $49.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Korea Ratings 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 7136748739000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩71.37 Billion | 59.98% |
| Common Stock | ₩24.45 Billion | 20.55% |
| Other Components | ₩23.17 Billion | 19.47% |
| Total Equity | ₩118.99 Billion | 100.00% |
Korea Ratings Co. Ltd Competitors by Market Cap
The table below lists competitors of Korea Ratings Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gersan Elektrik Ticaret ve Sanayi AS
IS:GEREL
|
$321.35 Million |
|
Getty Images Holdings Inc.
NYSE:GETY
|
$321.38 Million |
|
PI Advanced Materials Co. Ltd
KQ:178920
|
$321.40 Million |
|
Peach Property Group AG
SW:PEAN
|
$321.55 Million |
|
Ideal Group S.A
AT:INTEK
|
$321.33 Million |
|
Wintao Communications Co. Ltd
SHE:301139
|
$321.31 Million |
|
Roma Green Finance Limited Ordinary Shares
NASDAQ:ROMA
|
$321.05 Million |
|
Liberty Latin America Ltd
NASDAQ:LILA
|
$320.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea Ratings Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 106,346,426,190 to 118,992,627,500, a change of 12,646,201,310 (11.9%).
- Net income of 24,433,489,060 contributed positively to equity growth.
- Dividend payments of 19,756,093,650 reduced retained earnings.
- Other factors increased equity by 7,968,805,900.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩24.43 Billion | +20.53% |
| Dividends Paid | ₩19.76 Billion | -16.6% |
| Other Changes | ₩7.97 Billion | +6.7% |
| Total Change | ₩- | 11.89% |
Book Value vs Market Value Analysis
This analysis compares Korea Ratings 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: 3.99x
- 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 5.46x to 3.99x 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 | ₩19482.44 | ₩106300.00 | x |
| 2017-12-31 | ₩19701.78 | ₩106300.00 | x |
| 2018-12-31 | ₩19524.99 | ₩106300.00 | x |
| 2019-12-31 | ₩24011.76 | ₩106300.00 | x |
| 2020-12-31 | ₩20985.02 | ₩106300.00 | x |
| 2021-12-31 | ₩22458.45 | ₩106300.00 | x |
| 2022-12-31 | ₩25180.35 | ₩106300.00 | x |
| 2023-12-31 | ₩23839.83 | ₩106300.00 | x |
| 2024-12-31 | ₩26674.76 | ₩106300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea Ratings 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): 20.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.48%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.47x
- Recent ROE (20.53%) is above the historical average (16.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 8.07% | 9.05% | 0.60x | 1.48x | ₩-1.21 Billion |
| 2010 | 15.20% | 14.33% | 0.68x | 1.56x | ₩3.43 Billion |
| 2011 | 16.77% | 16.18% | 0.68x | 1.52x | ₩4.78 Billion |
| 2012 | 21.27% | 22.39% | 0.65x | 1.47x | ₩7.99 Billion |
| 2012 | 2.40% | 11.73% | 0.13x | 1.56x | ₩-4.77 Billion |
| 2013 | 16.29% | 18.95% | 0.61x | 1.41x | ₩4.71 Billion |
| 2014 | 14.93% | 17.87% | 0.59x | 1.42x | ₩3.82 Billion |
| 2015 | 13.01% | 15.87% | 0.57x | 1.44x | ₩2.44 Billion |
| 2016 | 15.38% | 18.00% | 0.61x | 1.41x | ₩4.67 Billion |
| 2017 | 17.57% | 19.67% | 0.62x | 1.45x | ₩6.65 Billion |
| 2018 | 18.59% | 19.24% | 0.64x | 1.50x | ₩7.48 Billion |
| 2019 | 19.00% | 21.95% | 0.58x | 1.50x | ₩9.64 Billion |
| 2020 | 21.32% | 20.81% | 0.64x | 1.61x | ₩10.60 Billion |
| 2021 | 22.22% | 21.30% | 0.65x | 1.61x | ₩12.24 Billion |
| 2022 | 18.20% | 20.12% | 0.63x | 1.44x | ₩9.21 Billion |
| 2023 | 19.17% | 21.32% | 0.62x | 1.46x | ₩9.75 Billion |
| 2024 | 20.53% | 23.48% | 0.59x | 1.47x | ₩12.53 Billion |
Industry Comparison
This section compares Korea Ratings Co. Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $516,302,022,091
- Average return on equity (ROE) among peers: 3.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Ratings Co. Ltd (034950) | ₩136.27 Billion | 8.07% | 0.28x | $321.35 Million |
| Eugene Inv&Sec (001200) | $751.70 Billion | 6.18% | 8.65x | $347.91 Million |
| Bookook Sec (001270) | $485.98 Billion | 5.65% | 2.05x | $293.81 Million |
| Bookook Securities Co Ltd (001275) | $397.35 Billion | 3.45% | 1.25x | $72.71 Million |
| Sangsangin Investment & Securities Co Ltd (001290) | $172.69 Billion | 4.42% | 0.77x | $93.98 Million |
| Hyundai Motor Securities Co. Ltd. (001500) | $1.28 Trillion | 4.19% | 8.07x | $459.68 Million |
| Shinyoung Securities Co. Ltd. (001720) | $444.19 Billion | 1.39% | 1.15x | $1.03 Billion |
| Hanyang Sec (001750) | $256.06 Billion | 1.75% | 1.01x | $247.13 Million |
| Hanyang Securities Co Ltd (001755) | $459.39 Billion | 5.23% | 2.27x | $255.33 Million |
| Yuhwa Sec (003460) | $458.46 Billion | 1.36% | 0.35x | $110.23 Million |
| Yuhwa Securities Co Ltd (003465) | $459.41 Billion | 1.72% | 0.38x | $34.18 Million |
About Korea Ratings Co. Ltd
Korea Ratings Co., Ltd., together with its subsidiaries, provides credit rating and business valuation services in South Korea. The company offers credit evaluation of commercial papers, corporate bonds, financial bonds and ABS, business feasibility review, business valuation, as well as SOC and financial consulting; and information services. It also provides withersful services, electronic procu… Read more