Solborn Inc (035610) - Net Assets
Based on the latest financial reports, Solborn Inc (035610) has net assets worth ₩320.91 Billion KRW (≈ $217.48 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 (₩372.62 Billion ≈ $252.52 Million USD) and total liabilities (₩51.71 Billion ≈ $35.04 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 Solborn Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩320.91 Billion |
| % of Total Assets | 86.12% |
| Annual Growth Rate | -1.33% |
| 5-Year Change | 48.91% |
| 10-Year Change | 60.38% |
| Growth Volatility | 13.53 |
Solborn Inc - Net Assets Trend (2001–2024)
This chart illustrates how Solborn Inc's net assets have evolved over time, based on quarterly financial data. Also explore 035610 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Solborn Inc (2001–2024)
The table below shows the annual net assets of Solborn Inc from 2001 to 2024. For live valuation and market cap data, see Solborn Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩206.50 Billion ≈ $139.94 Million |
+25.35% |
| 2023-12-31 | ₩164.74 Billion ≈ $111.64 Million |
+33.03% |
| 2022-12-31 | ₩123.84 Billion ≈ $83.92 Million |
-23.37% |
| 2021-12-31 | ₩161.60 Billion ≈ $109.51 Million |
+16.53% |
| 2020-12-31 | ₩138.68 Billion ≈ $93.98 Million |
-1.14% |
| 2019-12-31 | ₩140.28 Billion ≈ $95.07 Million |
+1.10% |
| 2018-12-31 | ₩138.76 Billion ≈ $94.04 Million |
+8.82% |
| 2017-12-31 | ₩127.51 Billion ≈ $86.41 Million |
-1.04% |
| 2016-12-31 | ₩128.86 Billion ≈ $87.32 Million |
+0.07% |
| 2015-12-31 | ₩128.76 Billion ≈ $87.26 Million |
-17.14% |
| 2014-12-31 | ₩155.41 Billion ≈ $105.32 Million |
+2.18% |
| 2013-12-31 | ₩152.09 Billion ≈ $103.07 Million |
+5.13% |
| 2012-12-31 | ₩144.67 Billion ≈ $98.04 Million |
-2.26% |
| 2011-12-31 | ₩148.02 Billion ≈ $100.31 Million |
+1.87% |
| 2010-12-31 | ₩145.30 Billion ≈ $98.47 Million |
+4.50% |
| 2009-12-31 | ₩139.04 Billion ≈ $94.23 Million |
+5.94% |
| 2008-12-31 | ₩131.24 Billion ≈ $88.94 Million |
-8.38% |
| 2007-12-31 | ₩143.25 Billion ≈ $97.08 Million |
-16.35% |
| 2006-12-31 | ₩171.26 Billion ≈ $116.06 Million |
+6.39% |
| 2005-12-31 | ₩160.97 Billion ≈ $109.09 Million |
-20.75% |
| 2004-12-31 | ₩203.13 Billion ≈ $137.66 Million |
-12.10% |
| 2003-12-31 | ₩231.08 Billion ≈ $156.60 Million |
-3.29% |
| 2002-12-31 | ₩238.93 Billion ≈ $161.92 Million |
-14.99% |
| 2001-12-31 | ₩281.07 Billion ≈ $190.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Solborn 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 7516545801000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩75.17 Billion | 36.40% |
| Common Stock | ₩13.67 Billion | 6.62% |
| Other Components | ₩117.66 Billion | 56.98% |
| Total Equity | ₩206.50 Billion | 100.00% |
Solborn Inc Competitors by Market Cap
The table below lists competitors of Solborn Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Magna Prima Bhd
KLSE:7617
|
$70.15 Million |
|
Saga Communications Inc
NASDAQ:SGA
|
$70.16 Million |
|
Mgame Corp
KQ:058630
|
$70.16 Million |
|
Clime Capital Ltd
AU:CAM
|
$70.18 Million |
|
Sangsangin Co. Ltd
KQ:038540
|
$70.14 Million |
|
Cloudpoint Technology Berhad
KLSE:0277
|
$70.07 Million |
|
Goodfellow Inc.
TO:GDL
|
$70.07 Million |
|
Making Science Group S.A.
MC:MAKS
|
$70.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solborn Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 164,736,566,780 to 206,503,190,800, a change of 41,766,624,020 (25.4%).
- Net income of 36,920,901,780 contributed positively to equity growth.
- Share repurchases of 92,735,070 reduced equity.
- Other factors increased equity by 4,938,457,310.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩36.92 Billion | +17.88% |
| Share Repurchases | ₩92.74 Million | -0.04% |
| Other Changes | ₩4.94 Billion | +2.39% |
| Total Change | ₩- | 25.35% |
Book Value vs Market Value Analysis
This analysis compares Solborn 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: 0.47x
- 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 0.75x to 0.47x 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 | ₩5020.31 | ₩3785.00 | x |
| 2017-12-31 | ₩4967.90 | ₩3785.00 | x |
| 2018-12-31 | ₩5406.20 | ₩3785.00 | x |
| 2019-12-31 | ₩5465.46 | ₩3785.00 | x |
| 2020-12-31 | ₩5402.97 | ₩3785.00 | x |
| 2021-12-31 | ₩6295.97 | ₩3785.00 | x |
| 2022-12-31 | ₩4824.81 | ₩3785.00 | x |
| 2023-12-31 | ₩6418.24 | ₩3785.00 | x |
| 2024-12-31 | ₩8045.49 | ₩3785.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solborn 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): 17.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.29%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.70x
- Recent ROE (17.88%) is above the historical average (2.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 1.13% | 3.87% | 0.22x | 1.30x | ₩-19.92 Billion |
| 2006 | 6.15% | 6.73% | 0.64x | 1.43x | ₩-5.79 Billion |
| 2009 | 3.31% | 4.65% | 0.52x | 1.37x | ₩-8.25 Billion |
| 2013 | 2.73% | 3.32% | 0.54x | 1.53x | ₩-8.74 Billion |
| 2014 | 4.27% | 7.36% | 0.40x | 1.46x | ₩-7.08 Billion |
| 2015 | 1.15% | 2.11% | 0.38x | 1.46x | ₩-11.39 Billion |
| 2016 | 0.30% | 0.52% | 0.39x | 1.48x | ₩-12.50 Billion |
| 2017 | -4.43% | -7.61% | 0.40x | 1.47x | ₩-18.39 Billion |
| 2018 | 7.16% | 11.77% | 0.43x | 1.42x | ₩-3.94 Billion |
| 2019 | 1.27% | 2.21% | 0.39x | 1.48x | ₩-12.25 Billion |
| 2020 | 1.04% | 1.76% | 0.38x | 1.57x | ₩-12.42 Billion |
| 2021 | 11.03% | 17.79% | 0.39x | 1.58x | ₩1.66 Billion |
| 2022 | -33.68% | -44.46% | 0.43x | 1.78x | ₩-54.10 Billion |
| 2023 | 23.22% | 31.92% | 0.43x | 1.67x | ₩21.78 Billion |
| 2024 | 17.88% | 30.29% | 0.35x | 1.70x | ₩16.27 Billion |
Industry Comparison
This section compares Solborn Inc's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $12,982,537,641,815
- Average return on equity (ROE) among peers: 2.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solborn Inc (035610) | ₩320.91 Billion | 1.13% | 0.16x | $70.14 Million |
| Samyang Holdings (000070) | $3.00 Trillion | 0.94% | 0.76x | $317.93 Million |
| Doosan (000150) | $6.82 Trillion | 6.16% | 3.28x | $9.19 Billion |
| Doosan Pref Shs (000155) | $7.60 Trillion | 0.53% | 2.78x | $1.50 Billion |
| Doosan Co Ltd (000157) | $7.90 Trillion | 2.49% | 2.63x | $323.04 Million |
| Hanwha (000880) | $4.62 Trillion | 5.91% | 10.91x | $6.27 Billion |
| Hanwha Corp. Pfd. Series 1 (000885) | $33.18 Trillion | 3.54% | 4.94x | $5.70 Million |
| Hanwha Corp Preferred (00088K) | $16.95 Trillion | 2.76% | 9.00x | $657.61 Million |
| CJ Corp (001040) | $17.89 Trillion | 1.09% | 1.64x | $4.12 Billion |
| Cj Corp Pref (001045) | $16.46 Trillion | 1.67% | 1.55x | $137.94 Million |
| CJ Corp 4P Pref (00104K) | $15.40 Trillion | 0.56% | 1.60x | $548.23 Million |
About Solborn Inc
Solborn, Inc., an investment holding company, engages in the manufacturing and sales of medical equipment in South Korea. The company engages in the PACS and S/W manufacturing, sales, and maintenance; medical device H/W manufacturing, wholesale, and maintenance. It is also involved in provision of newspaper issuance and online information services. In addition, the company invests in small and me… Read more