Openbase Inc (049480) - Net Assets
Based on the latest financial reports, Openbase Inc (049480) has net assets worth ₩98.85 Billion KRW (≈ $66.99 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 (₩179.83 Billion ≈ $121.87 Million USD) and total liabilities (₩80.98 Billion ≈ $54.88 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 049480 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩98.85 Billion |
| % of Total Assets | 54.97% |
| Annual Growth Rate | 7.44% |
| 5-Year Change | 40.15% |
| 10-Year Change | 75.6% |
| Growth Volatility | 10.38 |
Openbase Inc - Net Assets Trend (2011–2025)
This chart illustrates how Openbase Inc's net assets have evolved over time, based on quarterly financial data. See Openbase Inc (049480) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Openbase Inc (2011–2025)
The table below shows the annual net assets of Openbase Inc from 2011 to 2025. For live valuation and market cap data, see 049480 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩98.85 Billion ≈ $66.99 Million |
+26.43% |
| 2024-12-31 | ₩78.19 Billion ≈ $52.99 Million |
-17.35% |
| 2023-12-31 | ₩94.60 Billion ≈ $64.11 Million |
+23.58% |
| 2022-12-31 | ₩76.55 Billion ≈ $51.88 Million |
+8.53% |
| 2021-12-31 | ₩70.53 Billion ≈ $47.80 Million |
+7.55% |
| 2020-12-31 | ₩65.58 Billion ≈ $44.44 Million |
+1.23% |
| 2019-12-31 | ₩64.78 Billion ≈ $43.90 Million |
+2.26% |
| 2018-12-31 | ₩63.35 Billion ≈ $42.93 Million |
-1.58% |
| 2017-12-31 | ₩64.37 Billion ≈ $43.62 Million |
+14.35% |
| 2016-12-31 | ₩56.29 Billion ≈ $38.15 Million |
+11.33% |
| 2015-12-31 | ₩50.56 Billion ≈ $34.27 Million |
+6.78% |
| 2014-12-31 | ₩47.35 Billion ≈ $32.09 Million |
+6.78% |
| 2013-12-31 | ₩44.35 Billion ≈ $30.05 Million |
+6.29% |
| 2012-12-31 | ₩41.73 Billion ≈ $28.28 Million |
+15.33% |
| 2011-12-31 | ₩36.18 Billion ≈ $24.52 Million |
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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 4767549516000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩47.68 Billion | 55.56% |
| Other Components | ₩38.14 Billion | 44.44% |
| Total Equity | ₩85.81 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 |
|---|---|
|
GenoFocus Inc
KQ:187420
|
$44.03 Million |
|
Iep Invest
BR:IEP
|
$44.03 Million |
|
IFirma SA
WAR:IFI
|
$44.03 Million |
|
Sam Jung Pulp
KO:009770
|
$44.05 Million |
|
Sýn hf
IC:SYN
|
$44.01 Million |
|
Digital Multimedia Technology Co.Ltd
KQ:134580
|
$43.94 Million |
|
Orbis AG
XETRA:OBS
|
$43.94 Million |
|
Hankuk Steel Wire Co. Ltd
KQ:025550
|
$43.93 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 2024 to 2025, total equity changed from 78,186,677,190 to 85,813,184,940, a change of 7,626,507,750 (9.8%).
- Net income of 7,255,315,580 contributed positively to equity growth.
- Dividend payments of 682,684,500 reduced retained earnings.
- New share issuances of 8,978,000 increased equity.
- Other factors increased equity by 1,044,898,670.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩7.26 Billion | +8.45% |
| Dividends Paid | ₩682.68 Million | -0.8% |
| Share Issuances | ₩8.98 Million | +0.01% |
| Other Changes | ₩1.04 Billion | +1.22% |
| Total Change | ₩- | 9.75% |
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: 0.68x
- 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 1.18x to 0.68x 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 | ₩2145.00 | x |
| 2017-12-31 | ₩2074.01 | ₩2145.00 | x |
| 2018-12-31 | ₩2036.57 | ₩2145.00 | x |
| 2019-12-31 | ₩2081.89 | ₩2145.00 | x |
| 2020-12-31 | ₩2107.55 | ₩2145.00 | x |
| 2021-12-31 | ₩2253.35 | ₩2145.00 | x |
| 2022-12-31 | ₩2436.20 | ₩2145.00 | x |
| 2023-12-31 | ₩2588.15 | ₩2145.00 | x |
| 2024-12-31 | ₩2862.63 | ₩2145.00 | x |
| 2025-12-31 | ₩3141.86 | ₩2145.00 | 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): 8.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.11%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 2.10x
- Recent ROE (8.45%) is above the historical average (5.94%), 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 |
| 2025 | 8.45% | 3.11% | 1.30x | 2.10x | ₩-1.33 Billion |
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: $74,389,613,135
- Average return on equity (ROE) among peers: 0.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Openbase Inc (049480) | ₩98.85 Billion | 3.53% | 0.82x | $44.03 Million |
| Daishin Information & Communications Co.Ltd (020180) | $23.95 Billion | 3.55% | 1.79x | $28.20 Million |
| PLAYWITH Inc (023770) | $28.92 Billion | 6.38% | 2.57x | $6.47 Million |
| Hancom Inc (030520) | $268.66 Billion | 13.81% | 1.69x | $293.46 Million |
| UBcare. Co. Ltd (032620) | $46.56 Billion | 10.89% | 0.39x | $107.27 Million |
| Softcen Co. Ltd (032680) | $24.57 Billion | 0.00% | 0.72x | $20.15 Million |
| InfoBank Corporation (039290) | $49.79 Billion | 3.18% | 0.46x | $18.54 Million |
| Korea Business News Co. Ltd (039340) | $168.04 Billion | 8.22% | 0.16x | $69.62 Million |
| CUROCOM Co. Ltd (040350) | $38.65 Billion | -27.01% | 0.81x | $593.11 Million |
| Polaris Office Corp (041020) | $89.86 Billion | 10.66% | 0.35x | $83.18 Million |
| Total Soft Bank Ltd (045340) | $4.90 Billion | -23.39% | 1.65x | $39.47 Million |
About 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