Korea Electronic Certification Authority Inc
Korea Electronic Certification Authority, Inc. engages in the provision of public certification and authentication services in the Asia-Pacific region. It provides Adaptive Interactive Cognitive Reasoning Engine (AICoRE), an incremental holistic human-like reasoner, that covers the full spectrum of reasoning, including sensing, reasoning, discovering, planning, learning, remembering until respond… Read more
Korea Electronic Certification Authority Inc (041460) - Net Assets
Latest net assets as of September 2025: ₩61.39 Billion KRW
Based on the latest financial reports, Korea Electronic Certification Authority Inc (041460) has net assets worth ₩61.39 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 (₩81.47 Billion) and total liabilities (₩20.07 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 | ₩61.39 Billion |
| % of Total Assets | 75.36% |
| Annual Growth Rate | 8.79% |
| 5-Year Change | 50.24% |
| 10-Year Change | 121.28% |
| Growth Volatility | 4.88 |
Korea Electronic Certification Authority Inc - Net Assets Trend (2012–2024)
This chart illustrates how Korea Electronic Certification Authority 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 Korea Electronic Certification Authority Inc (2012–2024)
The table below shows the annual net assets of Korea Electronic Certification Authority Inc from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩60.50 Billion | +12.52% |
| 2023-12-31 | ₩53.77 Billion | +15.06% |
| 2022-12-31 | ₩46.73 Billion | +5.56% |
| 2021-12-31 | ₩44.27 Billion | +9.94% |
| 2020-12-31 | ₩40.27 Billion | -0.55% |
| 2019-12-31 | ₩40.49 Billion | +15.93% |
| 2018-12-31 | ₩34.93 Billion | +5.22% |
| 2017-12-31 | ₩33.19 Billion | +5.51% |
| 2016-12-31 | ₩31.46 Billion | +15.07% |
| 2015-12-31 | ₩27.34 Billion | +5.62% |
| 2014-12-31 | ₩25.89 Billion | +10.61% |
| 2013-12-31 | ₩23.40 Billion | +6.34% |
| 2012-12-31 | ₩22.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korea Electronic Certification Authority 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 128332.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩32.21 Billion | 53.25% |
| Common Stock | ₩10.73 Billion | 17.74% |
| Other Components | ₩17.55 Billion | 29.02% |
| Total Equity | ₩60.50 Billion | 100.00% |
Korea Electronic Certification Authority Inc Competitors by Market Cap
The table below lists competitors of Korea Electronic Certification Authority Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Invalda INVL AB
STU:WTK
|
$41.63 Million |
|
QuantaMatrix Inc.
KQ:317690
|
$41.67 Million |
|
Hexindo Adiperkasa Tbk
JK:HEXA
|
$41.67 Million |
|
Southland Holdings Inc.
NASDAQ:SLND
|
$41.68 Million |
|
STAFFLINE GROUP LS-10
F:OSU
|
$41.62 Million |
|
EQ Inc.
V:EQ
|
$41.61 Million |
|
Sheh Fung Screws Co Ltd
TWO:2065
|
$41.60 Million |
|
Chunghwa Chemical Synthesis & Biotech Co Ltd
TW:1762
|
$41.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea Electronic Certification Authority Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 53,641,254,330 to 60,497,960,130, a change of 6,856,705,800 (12.8%).
- Net income of 3,963,448,610 contributed positively to equity growth.
- Dividend payments of 1,324,916,250 reduced retained earnings.
- Other factors increased equity by 4,218,173,440.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.96 Billion | +6.55% |
| Dividends Paid | ₩1.32 Billion | -2.19% |
| Other Changes | ₩4.22 Billion | +6.97% |
| Total Change | ₩- | 12.78% |
Book Value vs Market Value Analysis
This analysis compares Korea Electronic Certification Authority 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: 1.23x
- 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 2.31x to 1.23x 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 | ₩1710.41 | ₩3945.00 | x |
| 2017-12-31 | ₩1801.26 | ₩3945.00 | x |
| 2018-12-31 | ₩1891.35 | ₩3945.00 | x |
| 2019-12-31 | ₩2072.23 | ₩3945.00 | x |
| 2020-12-31 | ₩2128.66 | ₩3945.00 | x |
| 2021-12-31 | ₩2338.91 | ₩3945.00 | x |
| 2022-12-31 | ₩2468.86 | ₩3945.00 | x |
| 2023-12-31 | ₩2834.06 | ₩3945.00 | x |
| 2024-12-31 | ₩3196.32 | ₩3945.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea Electronic Certification Authority 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): 6.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.69%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.35x
- Recent ROE (6.55%) is below the historical average (9.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 18.13% | 18.31% | 0.64x | 1.54x | ₩1.79 Billion |
| 2014 | 12.01% | 12.72% | 0.63x | 1.50x | ₩520.51 Million |
| 2015 | 12.71% | 13.78% | 0.60x | 1.54x | ₩742.17 Million |
| 2016 | 15.26% | 18.05% | 0.58x | 1.47x | ₩1.65 Billion |
| 2017 | 10.32% | 12.82% | 0.55x | 1.46x | ₩106.20 Million |
| 2018 | 7.99% | 10.50% | 0.50x | 1.51x | ₩-702.67 Million |
| 2019 | 4.12% | 5.81% | 0.50x | 1.42x | ₩-2.38 Billion |
| 2020 | 6.53% | 8.02% | 0.56x | 1.45x | ₩-1.40 Billion |
| 2021 | 9.41% | 12.02% | 0.55x | 1.42x | ₩-261.50 Million |
| 2022 | 7.49% | 9.09% | 0.56x | 1.47x | ₩-1.17 Billion |
| 2023 | 4.43% | 6.20% | 0.52x | 1.36x | ₩-2.99 Billion |
| 2024 | 6.55% | 10.69% | 0.46x | 1.35x | ₩-2.09 Billion |
Industry Comparison
This section compares Korea Electronic Certification Authority Inc's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $329,457,207,542
- Average return on equity (ROE) among peers: 8.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korea Electronic Certification Authority Inc (041460) | ₩61.39 Billion | 18.13% | 0.33x | $41.63 Million |
| Mirae ING Co Ltd (007120) | $89.47 Billion | 21.99% | 0.03x | $15.32 Million |
| S-1 Corp (012750) | $853.73 Billion | 9.28% | 0.35x | $1.21 Billion |
| Hitron Systems (019490) | $61.76 Billion | -0.79% | 0.59x | $7.53 Million |
| IGLOO SECURITY Inc (067920) | $49.85 Billion | 9.82% | 0.22x | $23.71 Million |
| Suprema Inc (236200) | $97.20 Billion | 9.35% | 0.06x | $154.16 Million |
| HANWHA IND SOL LTD (489790) | $824.73 Billion | 1.28% | 0.93x | $1.98 Billion |