Openbase Inc (049480) - Net Assets
Based on the latest financial reports, Openbase Inc (049480) has net assets worth ₩93.98 Billion KRW (≈ $63.69 Million USD) 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 ≈ $119.18 Million USD) and total liabilities (₩81.88 Billion ≈ $55.49 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 Openbase Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore Openbase Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Openbase Inc (2011–2024)
The table below shows the annual net assets of Openbase Inc from 2011 to 2024. For live valuation and market cap data, see 049480 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 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 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 |
|---|---|
|
Arovella Therapeutics Ltd
AU:ALA
|
$66.62 Million |
|
Aureus Greenway Holdings Inc. Common Stock
NASDAQ:AGH
|
$66.64 Million |
|
Babcock International Group PLC
LSE:BAB
|
$66.67 Million |
|
City Auto Corp
VN:CTF
|
$66.69 Million |
|
Futebol Clube do Porto - Futebol S.A.D.
LS:FCP
|
$66.60 Million |
|
Iris Clothings Limited
NSE:IRISDOREME
|
$66.58 Million |
|
Kwong Fong Industries Corp
TW:1416
|
$66.57 Million |
|
Usak Seramik Sanayi AS
IS:USAK
|
$66.56 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: 1.13x
- 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 1.78x to 1.13x 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 | ₩3245.00 | x |
| 2017-12-31 | ₩2074.01 | ₩3245.00 | x |
| 2018-12-31 | ₩2036.57 | ₩3245.00 | x |
| 2019-12-31 | ₩2081.89 | ₩3245.00 | x |
| 2020-12-31 | ₩2107.55 | ₩3245.00 | x |
| 2021-12-31 | ₩2253.35 | ₩3245.00 | x |
| 2022-12-31 | ₩2436.20 | ₩3245.00 | x |
| 2023-12-31 | ₩2588.15 | ₩3245.00 | x |
| 2024-12-31 | ₩2862.63 | ₩3245.00 | 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: $86,509,074,709
- Average return on equity (ROE) among peers: -2.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Openbase Inc (049480) | ₩93.98 Billion | 3.53% | 0.87x | $66.60 Million |
| Daishin Information & Communications Co.Ltd (020180) | $28.59 Billion | -0.17% | 1.98x | $32.06 Million |
| PLAYWITH Inc (023770) | $18.06 Billion | 50.26% | 5.79x | $7.73 Million |
| Hancom Inc (030520) | $315.69 Billion | 14.81% | 1.20x | $300.10 Million |
| UBcare. Co. Ltd (032620) | $99.22 Billion | -1.60% | 0.61x | $140.04 Million |
| Softcen Co. Ltd (032680) | $50.38 Billion | 0.00% | 0.19x | $5.97 Million |
| InfoBank Corporation (039290) | $52.41 Billion | 1.60% | 0.39x | $26.52 Million |
| Korea Business News Co. Ltd (039340) | $168.04 Billion | 8.22% | 0.16x | $72.70 Million |
| CUROCOM Co. Ltd (040350) | $52.85 Billion | -20.57% | 0.57x | $54.20 Million |
| Polaris Office Corp (041020) | $74.87 Billion | 3.60% | 0.20x | $125.79 Million |
| Total Soft Bank Ltd (045340) | $4.99 Billion | -77.23% | 1.09x | $38.66 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