Genie Music Corporation (043610) - Net Assets

Latest as of December 2025: ₩207.05 Billion KRW ≈ $140.32 Million USD

Based on the latest financial reports, Genie Music Corporation (043610) has net assets worth ₩207.05 Billion KRW (≈ $140.32 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩322.41 Billion ≈ $218.49 Million USD) and total liabilities (₩115.36 Billion ≈ $78.18 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 tangible net worth ratio of Genie Music Corporation to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩207.05 Billion
% of Total Assets	64.22%
Annual Growth Rate	17.67%
5-Year Change	49.43%
10-Year Change	203.92%
Growth Volatility	36.04

Genie Music Corporation - Net Assets Trend (2005–2025)

This chart illustrates how Genie Music Corporation's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Genie Music Corporation to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Genie Music Corporation (2005–2025)

The table below shows the annual net assets of Genie Music Corporation from 2005 to 2025. For live valuation and market cap data, see Genie Music Corporation market capitalisation.

Year	Net Assets	Change
2025-12-31	₩207.05 Billion ≈ $140.32 Million	-8.41%
2024-12-31	₩226.07 Billion ≈ $153.21 Million	+25.99%
2023-12-31	₩179.44 Billion ≈ $121.61 Million	+13.84%
2022-12-31	₩157.62 Billion ≈ $106.82 Million	+13.76%
2021-12-31	₩138.56 Billion ≈ $93.90 Million	-14.50%
2020-12-31	₩162.05 Billion ≈ $109.82 Million	+6.13%
2019-12-31	₩152.69 Billion ≈ $103.47 Million	+4.99%
2018-12-31	₩145.42 Billion ≈ $98.55 Million	+59.84%
2017-12-31	₩90.98 Billion ≈ $61.66 Million	+33.55%
2016-12-31	₩68.13 Billion ≈ $46.17 Million	+70.47%
2012-12-31	₩39.96 Billion ≈ $27.08 Million	+98.34%
2011-12-31	₩20.15 Billion ≈ $13.65 Million	-10.58%
2010-12-31	₩22.53 Billion ≈ $15.27 Million	+4.00%
2009-12-31	₩21.67 Billion ≈ $14.68 Million	+2.63%
2008-12-31	₩21.11 Billion ≈ $14.31 Million	-15.66%
2007-12-31	₩25.03 Billion ≈ $16.96 Million	+90.18%
2006-12-31	₩13.16 Billion ≈ $8.92 Million	+64.56%
2005-12-31	₩8.00 Billion ≈ $5.42 Million	--

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 decreased by 4009.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	₩161.59 Billion	112.39%
Total Equity	₩143.77 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
Zim Laboratories Limited NSE:ZIMLAB	$60.07 Million
Ittifak Holding A.S. IS:LRSHO	$60.08 Million
Samsung Climat KO:006660	$60.09 Million
LiveOne Inc NASDAQ:LVO	$60.09 Million
PTL Enterprises Limited NSE:PTL	$60.06 Million
Quantum X Labs Inc. NASDAQ:QXL	$60.01 Million
Safety Shot Inc NASDAQ:SHOT	$60.00 Million
Vince Holding Corp. Common Stock NASDAQ:VNCE	$60.00 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 2024 to 2025, total equity changed from 165,221,877,940 to 143,771,120,900, a change of -21,450,757,040 (-13.0%).
Net loss of 27,520,758,020 reduced equity.
New share issuances of 851,865,000 increased equity.
Other factors increased equity by 5,218,135,980.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩-27.52 Billion	-19.14%
Share Issuances	₩851.87 Million	+0.59%
Other Changes	₩5.22 Billion	+3.63%
Total Change	₩-	-12.98%

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: 0.62x
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 0.94x to 0.62x 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	₩1525.00	x
2017-12-31	₩1849.49	₩1525.00	x
2018-12-31	₩2518.31	₩1525.00	x
2019-12-31	₩2644.05	₩1525.00	x
2020-12-31	₩2806.22	₩1525.00	x
2021-12-31	₩2399.45	₩1525.00	x
2022-12-31	₩2714.42	₩1525.00	x
2023-12-31	₩3090.16	₩1525.00	x
2024-12-31	₩2842.99	₩1525.00	x
2025-12-31	₩2473.89	₩1525.00	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): -19.14%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -9.09%
• Asset Turnover: 0.94x
• Equity Multiplier: 2.24x
Recent ROE (-19.14%) is below the historical average (-2.27%), 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
2025	-19.14%	-9.09%	0.94x	2.24x	₩-41.90 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: $1,653,062,697,310
Average return on equity (ROE) among peers: 2.40%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Genie Music Corporation (043610)	₩207.05 Billion	-25.54%	0.56x	$60.06 Million
KidariStudio Inc (020120)	$-3.36 Billion	0.00%	0.00x	$79.50 Million
Naver Corporation (035420)	$264.14 Billion	20.63%	0.41x	$23.81 Billion
Kakao Corp (035720)	$13.59 Trillion	10.24%	0.68x	$11.72 Billion
KT Hitel Corporation. Limited (036030)	$180.35 Billion	-1.57%	0.38x	$149.16 Million
YTN Co.Ltd (040300)	$222.60 Billion	-8.36%	0.58x	$74.96 Million
NEOWIZ HOLDINGS Corporation (042420)	$471.89 Billion	1.87%	0.44x	$92.13 Million
NHN Bugs Corp (104200)	$62.95 Billion	-7.54%	0.45x	$29.50 Million
Asia Economy Daily Co Ltd (127710)	$52.52 Billion	9.67%	0.60x	$18.50 Million
Wanted Lab Inc. (376980)	$36.49 Billion	-3.38%	0.38x	$14.14 Million

About Genie Music Corporation

KQ:043610 Korea Internet Content & Information

Market Cap

$60.06 Million

₩88.63 Billion KRW

Market Cap Rank

#21244 Global

#1221 in Korea

Share Price

₩1525.00

Change (1 day)

-0.26%

52-Week Range

₩1403.00 - ₩2345.00

All Time High

₩7730.00