Openbase Inc
Openbase, Inc. provides IT infrastructure service in South Korea. The company offers network infrastructure solutions for load balancing, WAN acceleration, intelligent traffic management, and DNS/DHCP/IP management solutions. It also provides security solutions for the protection of network infrastructures, such as Radware DefensePro, a hardware platform; Web Application Firewall; FireEye, an APT… Read more
Openbase Inc (049480) - Net Assets
Latest net assets as of September 2025: ₩93.98 Billion KRW
Based on the latest financial reports, Openbase Inc (049480) has net assets worth ₩93.98 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 (₩175.87 Billion) and total liabilities (₩81.88 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 | ₩93.98 Billion |
| % of Total Assets | 53.44% |
| Annual Growth Rate | 6.11% |
| 5-Year Change | 19.23% |
| 10-Year Change | 54.63% |
| Growth Volatility | 9.36 |
Openbase Inc - Net Assets Trend (2011–2024)
This chart illustrates how Openbase 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 Openbase Inc (2011–2024)
The table below shows the annual net assets of Openbase Inc from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩78.19 Billion | -17.35% |
| 2023-12-31 | ₩94.60 Billion | +23.58% |
| 2022-12-31 | ₩76.55 Billion | +8.53% |
| 2021-12-31 | ₩70.53 Billion | +7.55% |
| 2020-12-31 | ₩65.58 Billion | +1.23% |
| 2019-12-31 | ₩64.78 Billion | +2.26% |
| 2018-12-31 | ₩63.35 Billion | -1.58% |
| 2017-12-31 | ₩64.37 Billion | +14.35% |
| 2016-12-31 | ₩56.29 Billion | +11.33% |
| 2015-12-31 | ₩50.56 Billion | +6.78% |
| 2014-12-31 | ₩47.35 Billion | +6.78% |
| 2013-12-31 | ₩44.35 Billion | +6.29% |
| 2012-12-31 | ₩41.73 Billion | +15.33% |
| 2011-12-31 | ₩36.18 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Openbase 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 4110300158000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩41.10 Billion | 52.57% |
| Common Stock | ₩15.71 Billion | 20.09% |
| Other Components | ₩21.37 Billion | 27.34% |
| Total Equity | ₩78.19 Billion | 100.00% |
Openbase Inc Competitors by Market Cap
The table below lists competitors of Openbase Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Value8 N.V
AS:VALUE
|
$36.01 Million |
|
Gemfields Group Limited
PINK:PLLHF
|
$36.02 Million |
|
Promate Solutions
TWO:6577
|
$36.02 Million |
|
Banvit Bandirma Vitaminli Yem Sanayi AS
IS:BANVT
|
$36.03 Million |
|
Neffs Bancorp Inc
PINK:NEFB
|
$36.01 Million |
|
NISSAN SECURITIES GROUP
F:OH5
|
$36.01 Million |
|
ImpediMed Limited
PINK:IPDQF
|
$36.00 Million |
|
Daily Polymer
TWO:4716
|
$35.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Openbase Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 81,325,807,540 to 78,186,677,190, a change of -3,139,130,350 (-3.9%).
- Net income of 7,583,826,190 contributed positively to equity growth.
- Dividend payments of 785,422,080 reduced retained earnings.
- Share repurchases of 9,944,152,060 reduced equity.
- New share issuances of 8,963,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩7.58 Billion | +9.7% |
| Dividends Paid | ₩785.42 Million | -1.0% |
| Share Repurchases | ₩9.94 Billion | -12.72% |
| Share Issuances | ₩8.96 Million | +0.01% |
| Other Changes | ₩-2.35 Million | -0.0% |
| Total Change | ₩- | -3.86% |
Book Value vs Market Value Analysis
This analysis compares Openbase 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: 0.77x
- 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 1.20x to 0.77x 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 | ₩1825.26 | ₩2195.00 | x |
| 2017-12-31 | ₩2074.01 | ₩2195.00 | x |
| 2018-12-31 | ₩2036.57 | ₩2195.00 | x |
| 2019-12-31 | ₩2081.89 | ₩2195.00 | x |
| 2020-12-31 | ₩2107.55 | ₩2195.00 | x |
| 2021-12-31 | ₩2253.35 | ₩2195.00 | x |
| 2022-12-31 | ₩2436.20 | ₩2195.00 | x |
| 2023-12-31 | ₩2588.15 | ₩2195.00 | x |
| 2024-12-31 | ₩2862.63 | ₩2195.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Openbase 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): 9.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.35%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 2.21x
- Recent ROE (9.70%) is above the historical average (5.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 3.53% | 1.20% | 1.53x | 1.92x | ₩-2.34 Billion |
| 2012 | 8.06% | 2.97% | 1.45x | 1.87x | ₩-803.29 Million |
| 2013 | 7.49% | 2.90% | 1.06x | 2.43x | ₩-1.11 Billion |
| 2014 | 7.24% | 3.00% | 1.07x | 2.26x | ₩-1.31 Billion |
| 2015 | 8.02% | 3.42% | 1.09x | 2.15x | ₩-999.16 Million |
| 2016 | 9.80% | 3.52% | 1.39x | 2.00x | ₩-112.75 Million |
| 2017 | 1.91% | 0.90% | 1.03x | 2.06x | ₩-5.21 Billion |
| 2018 | -2.13% | -0.92% | 1.18x | 1.96x | ₩-7.69 Billion |
| 2019 | 2.43% | 1.00% | 1.17x | 2.08x | ₩-4.90 Billion |
| 2020 | 3.76% | 1.58% | 1.07x | 2.21x | ₩-4.09 Billion |
| 2021 | 6.56% | 2.63% | 1.09x | 2.28x | ₩-2.42 Billion |
| 2022 | 7.84% | 3.11% | 1.28x | 1.97x | ₩-1.65 Billion |
| 2023 | 6.40% | 2.55% | 1.20x | 2.10x | ₩-2.93 Billion |
| 2024 | 9.70% | 3.35% | 1.31x | 2.21x | ₩-234.84 Million |
Industry Comparison
This section compares Openbase Inc's net assets metrics with peer companies in the Software & IT Services industry.
Industry Context
- Industry: Software & IT Services
- Average net assets among peers: $49,307,852,209
- Average return on equity (ROE) among peers: -8.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Openbase Inc (049480) | ₩93.98 Billion | 3.53% | 0.87x | $36.01 Million |
| Daishin Information & Communications Co.Ltd (020180) | $23.68 Billion | 6.99% | 1.25x | $22.09 Million |
| PLAYWITH Inc (023770) | $25.93 Billion | -23.11% | 0.68x | $6.30 Million |
| Dragonfly GF Co. Ltd (030350) | $28.36 Billion | -97.50% | 0.33x | $9.22 Million |
| UBcare. Co. Ltd (032620) | $43.84 Billion | 0.00% | 0.25x | $62.90 Million |
| Softcen Co. Ltd (032680) | $31.47 Billion | 0.00% | 0.35x | $4.89 Million |
| InfoBank Corporation (039290) | $61.17 Billion | 2.36% | 0.46x | $15.68 Million |
| Korea Business News Co. Ltd (039340) | $138.21 Billion | 13.77% | 0.26x | $22.06 Million |
| Total Soft Bank Ltd (045340) | $21.85 Billion | 17.29% | 0.60x | $26.79 Million |
| DAEA TI Co. Ltd (045390) | $88.26 Billion | 8.00% | 0.44x | $166.31 Million |
| ESTsoft Corp (047560) | $30.29 Billion | -9.09% | 1.71x | $64.92 Million |