Genie Music Corporation
KT Genie Music Corporation engages in planning, production, and distribution of music and video content in South Korea. It is also involved in the music business based on wired and wireless Internet; content planning; performance business; subscription service for e-books and paper books; and software development and supply, as well as provision of database and online information services. The co… Read more
Genie Music Corporation (043610) - Net Assets
Latest net assets as of September 2025: ₩237.31 Billion KRW
Based on the latest financial reports, Genie Music Corporation (043610) has net assets worth ₩237.31 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 (₩360.94 Billion) and total liabilities (₩123.63 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 | ₩237.31 Billion |
| % of Total Assets | 65.75% |
| Annual Growth Rate | 19.23% |
| 5-Year Change | 39.51% |
| 10-Year Change | 465.69% |
| Growth Volatility | 36.09 |
Genie Music Corporation - Net Assets Trend (2005–2024)
This chart illustrates how Genie Music Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Genie Music Corporation (2005–2024)
The table below shows the annual net assets of Genie Music Corporation from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩226.07 Billion | +25.99% |
| 2023-12-31 | ₩179.44 Billion | +13.84% |
| 2022-12-31 | ₩157.62 Billion | +13.76% |
| 2021-12-31 | ₩138.56 Billion | -14.50% |
| 2020-12-31 | ₩162.05 Billion | +6.13% |
| 2019-12-31 | ₩152.69 Billion | +4.99% |
| 2018-12-31 | ₩145.42 Billion | +59.84% |
| 2017-12-31 | ₩90.98 Billion | +33.55% |
| 2016-12-31 | ₩68.13 Billion | +70.47% |
| 2012-12-31 | ₩39.96 Billion | +98.34% |
| 2011-12-31 | ₩20.15 Billion | -10.58% |
| 2010-12-31 | ₩22.53 Billion | +4.00% |
| 2009-12-31 | ₩21.67 Billion | +2.63% |
| 2008-12-31 | ₩21.11 Billion | -15.66% |
| 2007-12-31 | ₩25.03 Billion | +90.18% |
| 2006-12-31 | ₩13.16 Billion | +64.56% |
| 2005-12-31 | ₩8.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Genie Music Corporation'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 2114.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩10.09 Billion | 6.11% |
| Common Stock | ₩29.06 Billion | 17.59% |
| Other Components | ₩126.07 Billion | 76.30% |
| Total Equity | ₩165.22 Billion | 100.00% |
Genie Music Corporation Competitors by Market Cap
The table below lists competitors of Genie Music Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Precot Limited
NSE:PRECOT
|
$26.06 Million |
|
Phenom Resources Corp
OTCQX:PHNMF
|
$26.06 Million |
|
Onward Technologies Limited
NSE:ONWARDTEC
|
$26.06 Million |
|
INSTALLUX SA INH. EO 16
F:5X5
|
$26.06 Million |
|
TJ media Co. Ltd
KQ:032540
|
$26.06 Million |
|
Salcon Engineering Berhad
KLSE:8567
|
$26.05 Million |
|
Chosun Refractories Co Ltd
KO:000480
|
$26.04 Million |
|
XL Holdings Bhd
KLSE:7121
|
$26.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Genie Music Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 179,442,050,840 to 165,221,877,940, a change of -14,220,172,900 (-7.9%).
- Net loss of 20,095,492,480 reduced equity.
- Share repurchases of 812,344,350 reduced equity.
- New share issuances of 612,000,000 increased equity.
- Other factors increased equity by 6,075,663,930.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-20.10 Billion | -12.16% |
| Share Repurchases | ₩812.34 Million | -0.49% |
| Share Issuances | ₩612.00 Million | +0.37% |
| Other Changes | ₩6.08 Billion | +3.68% |
| Total Change | ₩- | -7.92% |
Book Value vs Market Value Analysis
This analysis compares Genie Music Corporation'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: 0.60x
- 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 1.04x to 0.60x 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 | ₩1629.29 | ₩1700.00 | x |
| 2017-12-31 | ₩1849.49 | ₩1700.00 | x |
| 2018-12-31 | ₩2518.31 | ₩1700.00 | x |
| 2019-12-31 | ₩2644.05 | ₩1700.00 | x |
| 2020-12-31 | ₩2806.22 | ₩1700.00 | x |
| 2021-12-31 | ₩2399.45 | ₩1700.00 | x |
| 2022-12-31 | ₩2714.42 | ₩1700.00 | x |
| 2023-12-31 | ₩3090.16 | ₩1700.00 | x |
| 2024-12-31 | ₩2842.99 | ₩1700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Genie Music Corporation 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): -12.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.66%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.13x
- Recent ROE (-12.16%) is below the historical average (-0.97%), 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 | -25.54% | -12.76% | 1.04x | 1.93x | ₩-7.72 Billion |
| 2010 | 2.88% | 1.62% | 1.22x | 1.46x | ₩-1.60 Billion |
| 2011 | -11.83% | -7.62% | 1.12x | 1.38x | ₩-4.40 Billion |
| 2012 | -5.32% | -6.77% | 0.43x | 1.83x | ₩-6.12 Billion |
| 2016 | 12.09% | 7.40% | 1.01x | 1.62x | ₩1.42 Billion |
| 2017 | -3.74% | -2.19% | 1.12x | 1.53x | ₩-12.50 Billion |
| 2018 | 4.08% | 3.47% | 0.77x | 1.53x | ₩-8.60 Billion |
| 2019 | 4.79% | 3.17% | 1.00x | 1.52x | ₩-7.95 Billion |
| 2020 | 5.84% | 3.84% | 0.99x | 1.55x | ₩-6.73 Billion |
| 2021 | -2.54% | -1.40% | 0.82x | 2.22x | ₩-17.38 Billion |
| 2022 | 11.13% | 6.13% | 0.84x | 2.16x | ₩1.78 Billion |
| 2023 | 7.70% | 4.50% | 0.75x | 2.27x | ₩-4.13 Billion |
| 2024 | -12.16% | -6.66% | 0.86x | 2.13x | ₩-36.62 Billion |
Industry Comparison
This section compares Genie Music Corporation's net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $154,862,457,958
- Average return on equity (ROE) among peers: 5.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Genie Music Corporation (043610) | ₩237.31 Billion | -25.54% | 0.52x | $26.06 Million |
| KidariStudio Inc (020120) | $274.62 Billion | -1.03% | 0.38x | $39.04 Million |
| KT Hitel Corporation. Limited (036030) | $201.82 Billion | 3.60% | 0.17x | $42.56 Million |
| YTN Co.Ltd (040300) | $183.49 Billion | 1.86% | 0.70x | $3.53 Million |
| NEOWIZ HOLDINGS Corporation (042420) | $365.75 Billion | 14.15% | 1.01x | $41.81 Million |
| NHN Bugs Corp (104200) | $67.49 Billion | -5.20% | 0.42x | $21.58 Million |
| Asia Economy Daily Co Ltd (127710) | $78.52 Billion | 11.58% | 0.64x | $14.80 Million |
| ZUM Internet Corp. (239340) | $32.38 Billion | 16.00% | 0.65x | $12.63 Million |
| Wanted Lab Inc. (376980) | $34.82 Billion | 4.03% | 0.35x | $16.28 Million |