INITECH Co. Ltd
INITECH Co., Ltd., an IT financial and security company, provides information security solutions in South Korea. The company develops e-banking systems, such as service planning and consulting, development, control and monitoring, and maintenance; offers e-banking solutions, including internet and smart banking; operates data centers that provide various supplementary services for enterprises; an… Read more
INITECH Co. Ltd (053350) - Net Assets
Latest net assets as of September 2025: ₩131.51 Billion KRW
Based on the latest financial reports, INITECH Co. Ltd (053350) has net assets worth ₩131.51 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 (₩138.61 Billion) and total liabilities (₩7.10 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 | ₩131.51 Billion |
| % of Total Assets | 94.88% |
| Annual Growth Rate | 4.46% |
| 5-Year Change | -5.2% |
| 10-Year Change | -2.3% |
| Growth Volatility | 15.98 |
INITECH Co. Ltd - Net Assets Trend (2007–2024)
This chart illustrates how INITECH Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for INITECH Co. Ltd (2007–2024)
The table below shows the annual net assets of INITECH Co. Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩111.10 Billion | -1.06% |
| 2023-12-31 | ₩112.28 Billion | -3.80% |
| 2022-12-31 | ₩116.72 Billion | -3.06% |
| 2021-12-31 | ₩120.41 Billion | +2.74% |
| 2020-12-31 | ₩117.20 Billion | +1.13% |
| 2019-12-31 | ₩115.89 Billion | -6.46% |
| 2018-12-31 | ₩123.90 Billion | -7.74% |
| 2017-12-31 | ₩134.30 Billion | +8.35% |
| 2016-12-31 | ₩123.95 Billion | +9.00% |
| 2015-12-31 | ₩113.72 Billion | -14.94% |
| 2014-12-31 | ₩133.69 Billion | +6.19% |
| 2013-12-31 | ₩125.90 Billion | +11.54% |
| 2012-12-31 | ₩112.87 Billion | +10.96% |
| 2011-12-31 | ₩101.73 Billion | +24.14% |
| 2010-12-31 | ₩81.94 Billion | +54.88% |
| 2007-12-31 | ₩52.91 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to INITECH Co. Ltd'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 6963202999000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩69.63 Billion | 62.68% |
| Common Stock | ₩9.90 Billion | 8.91% |
| Other Components | ₩31.57 Billion | 28.42% |
| Total Equity | ₩111.10 Billion | 100.00% |
INITECH Co. Ltd Competitors by Market Cap
The table below lists competitors of INITECH Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ora Gold Ltd
AU:OAU
|
$15.03 Million |
|
Future Metals NL
PINK:FMELF
|
$15.04 Million |
|
Sewha P&C INC
KQ:252500
|
$15.04 Million |
|
Envoy Medical Inc.
NASDAQ:COCH
|
$15.04 Million |
|
Intensity Therapeutics, Inc. Common stock
NASDAQ:INTS
|
$15.03 Million |
|
Firetail Resources Ltd
AU:FTL
|
$15.03 Million |
|
Hopscotch Groupe S.A.
PA:ALHOP
|
$15.03 Million |
|
SFP Tech Holdings Bhd
KLSE:0251
|
$15.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in INITECH Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 112,284,330,930 to 111,099,610,410, a change of -1,184,720,520 (-1.1%).
- Net income of 2,339,841,500 contributed positively to equity growth.
- Dividend payments of 352,962,580 reduced retained earnings.
- Share repurchases of 3,130,550,750 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.34 Billion | +2.11% |
| Dividends Paid | ₩352.96 Million | -0.32% |
| Share Repurchases | ₩3.13 Billion | -2.82% |
| Other Changes | ₩-41.05 Million | -0.04% |
| Total Change | ₩- | -1.06% |
Book Value vs Market Value Analysis
This analysis compares INITECH Co. Ltd'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: 0.44x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩6392.00 | ₩2945.00 | x |
| 2017-12-31 | ₩6925.57 | ₩2945.00 | x |
| 2018-12-31 | ₩6389.49 | ₩2945.00 | x |
| 2019-12-31 | ₩5976.41 | ₩2945.00 | x |
| 2020-12-31 | ₩6043.73 | ₩2945.00 | x |
| 2021-12-31 | ₩6209.14 | ₩2945.00 | x |
| 2022-12-31 | ₩6339.45 | ₩2945.00 | x |
| 2023-12-31 | ₩6362.03 | ₩2945.00 | x |
| 2024-12-31 | ₩6624.46 | ₩2945.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently INITECH Co. Ltd 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): 2.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.02%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.07x
- Recent ROE (2.11%) is below the historical average (3.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 6.49% | 14.28% | 0.36x | 1.26x | ₩-1.86 Billion |
| 2010 | 2.59% | 1.41% | 0.82x | 2.24x | ₩-4.64 Billion |
| 2011 | 6.50% | 3.67% | 0.79x | 2.24x | ₩-2.78 Billion |
| 2012 | 5.60% | 2.75% | 0.78x | 2.62x | ₩-3.81 Billion |
| 2013 | 13.34% | 6.72% | 0.83x | 2.38x | ₩3.22 Billion |
| 2014 | 5.09% | 2.76% | 0.94x | 1.96x | ₩-4.97 Billion |
| 2015 | 10.73% | 5.84% | 0.96x | 1.91x | ₩828.18 Million |
| 2016 | 8.21% | 4.40% | 0.93x | 2.00x | ₩-2.22 Billion |
| 2017 | 7.55% | 4.16% | 1.01x | 1.80x | ₩-3.29 Billion |
| 2018 | -8.46% | -3.99% | 1.14x | 1.86x | ₩-22.87 Billion |
| 2019 | -7.56% | -3.04% | 1.11x | 2.24x | ₩-20.36 Billion |
| 2020 | 1.26% | 0.51% | 1.14x | 2.19x | ₩-10.24 Billion |
| 2021 | 2.97% | 7.12% | 0.36x | 1.15x | ₩-8.46 Billion |
| 2022 | 0.17% | 0.37% | 0.44x | 1.05x | ₩-11.47 Billion |
| 2023 | -0.27% | -0.66% | 0.38x | 1.06x | ₩-11.53 Billion |
| 2024 | 2.11% | 6.02% | 0.33x | 1.07x | ₩-8.77 Billion |
Industry Comparison
This section compares INITECH Co. Ltd'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 |
|---|---|---|---|---|
| INITECH Co. Ltd (053350) | ₩131.51 Billion | 6.49% | 0.05x | $15.03 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 |