Hancom WITH Inc
Hancom WITH Inc. offers security products and solutions in Korea. The company offers HancomSLedger, a blockchain platform; Hancom BSS, a blockchain security solution; Hancom Pass, a biometric authentication platform solution; FacePIN, a facial recognition solution; AnyPIN, a web standard solution that supports simple authentication of the instrument panel without installation; AnySign, a web sect… Read more
Hancom WITH Inc (054920) - Net Assets
Latest net assets as of September 2025: ₩152.47 Billion KRW
Based on the latest financial reports, Hancom WITH Inc (054920) has net assets worth ₩152.47 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 (₩246.07 Billion) and total liabilities (₩93.59 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 | ₩152.47 Billion |
| % of Total Assets | 61.96% |
| Annual Growth Rate | 6.35% |
| 5-Year Change | 7.4% |
| 10-Year Change | 177.41% |
| Growth Volatility | 32.02 |
Hancom WITH Inc - Net Assets Trend (2008–2024)
This chart illustrates how Hancom WITH 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 Hancom WITH Inc (2008–2024)
The table below shows the annual net assets of Hancom WITH Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩140.20 Billion | -2.98% |
| 2023-12-31 | ₩144.51 Billion | +2.33% |
| 2022-12-31 | ₩141.22 Billion | +3.23% |
| 2021-12-31 | ₩136.80 Billion | +4.79% |
| 2020-12-31 | ₩130.54 Billion | +5.04% |
| 2019-12-31 | ₩124.28 Billion | +106.61% |
| 2018-12-31 | ₩60.15 Billion | +13.08% |
| 2017-12-31 | ₩53.19 Billion | +6.02% |
| 2016-12-31 | ₩50.17 Billion | -0.73% |
| 2012-12-31 | ₩50.54 Billion | +4.21% |
| 2011-12-31 | ₩48.50 Billion | +49.37% |
| 2010-12-31 | ₩32.47 Billion | -17.11% |
| 2009-12-31 | ₩39.17 Billion | -25.19% |
| 2008-12-31 | ₩52.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hancom WITH 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 146188.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩65.95 Billion | 47.78% |
| Other Components | ₩72.08 Billion | 52.22% |
| Total Equity | ₩138.02 Billion | 100.00% |
Hancom WITH Inc Competitors by Market Cap
The table below lists competitors of Hancom WITH Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Creative Newtech Limited
NSE:CREATIVE
|
$53.71 Million |
|
CONTINENTAL AERO. HD-10
F:CTQ0
|
$53.72 Million |
|
SMTPC EO 305
F:9P4
|
$53.74 Million |
|
India Nippon Electricals Limited
NSE:INDNIPPON
|
$53.75 Million |
|
Payfare Inc
OTCQX:PYFRF
|
$53.71 Million |
|
KNOTUS Co.Ltd
KQ:278650
|
$53.71 Million |
|
OSE Pharma SA
PA:OSE
|
$53.70 Million |
|
Centro de Imagem Diagnósticos S.A
SA:AALR3
|
$53.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hancom WITH Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 141,539,637,040 to 138,022,791,100, a change of -3,516,845,940 (-2.5%).
- Net loss of 3,820,278,930 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-3.82 Billion | -2.77% |
| Other Changes | ₩303.43 Million | +0.22% |
| Total Change | ₩- | -2.48% |
Book Value vs Market Value Analysis
This analysis compares Hancom WITH 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: 0.86x
- 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 1.19x to 0.86x 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 | ₩4010.57 | ₩4790.00 | x |
| 2017-12-31 | ₩4227.48 | ₩4790.00 | x |
| 2018-12-31 | ₩4203.81 | ₩4790.00 | x |
| 2019-12-31 | ₩5006.27 | ₩4790.00 | x |
| 2020-12-31 | ₩5259.75 | ₩4790.00 | x |
| 2021-12-31 | ₩5511.89 | ₩4790.00 | x |
| 2022-12-31 | ₩5680.78 | ₩4790.00 | x |
| 2023-12-31 | ₩5693.79 | ₩4790.00 | x |
| 2024-12-31 | ₩5547.85 | ₩4790.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hancom WITH 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): -2.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.85%
- • Asset Turnover: 2.07x
- • Equity Multiplier: 1.57x
- Recent ROE (-2.77%) is below the historical average (0.98%), 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 | -45.35% | -92.92% | 0.29x | 1.68x | ₩-21.68 Billion |
| 2010 | -21.24% | -35.75% | 0.29x | 2.02x | ₩-10.14 Billion |
| 2011 | 33.28% | 68.40% | 0.41x | 1.18x | ₩11.29 Billion |
| 2012 | 3.84% | 9.66% | 0.22x | 1.79x | ₩-3.11 Billion |
| 2016 | -0.22% | -0.76% | 0.18x | 1.62x | ₩-5.13 Billion |
| 2017 | 2.58% | 8.37% | 0.19x | 1.64x | ₩-3.95 Billion |
| 2018 | 0.47% | 1.79% | 0.17x | 1.55x | ₩-5.73 Billion |
| 2019 | 27.11% | 212.81% | 0.09x | 1.40x | ₩21.26 Billion |
| 2020 | 5.84% | 24.66% | 0.16x | 1.50x | ₩-5.43 Billion |
| 2021 | 3.78% | 19.71% | 0.12x | 1.62x | ₩-8.51 Billion |
| 2022 | 4.82% | 23.71% | 0.13x | 1.59x | ₩-7.32 Billion |
| 2023 | 0.64% | 0.22% | 1.89x | 1.51x | ₩-13.25 Billion |
| 2024 | -2.77% | -0.85% | 2.07x | 1.57x | ₩-17.62 Billion |
Industry Comparison
This section compares Hancom WITH 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: $46,109,726,927
- Average return on equity (ROE) among peers: -10.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hancom WITH Inc (054920) | ₩152.47 Billion | -45.35% | 0.61x | $53.71 Million |
| Daishin Information & Communications Co.Ltd (020180) | $34.38 Billion | 19.10% | 2.04x | $23.00 Million |
| PLAYWITH Inc (023770) | $20.91 Billion | -37.10% | 2.89x | $6.66 Million |
| Dragonfly GF Co. Ltd (030350) | $7.10 Billion | -115.41% | 1.96x | $9.22 Million |
| UBcare. Co. Ltd (032620) | $116.70 Billion | 3.07% | 0.39x | $63.06 Million |
| Softcen Co. Ltd (032680) | $53.10 Billion | -21.58% | 0.93x | $4.91 Million |
| InfoBank Corporation (039290) | $52.41 Billion | 1.60% | 0.39x | $15.41 Million |
| Korea Business News Co. Ltd (039340) | $73.20 Billion | 12.43% | 0.31x | $21.81 Million |
| Total Soft Bank Ltd (045340) | $8.87 Billion | 31.58% | 1.30x | $26.55 Million |
| DAEA TI Co. Ltd (045390) | $66.33 Billion | 7.40% | 0.39x | $158.33 Million |
| ESTsoft Corp (047560) | $28.08 Billion | -7.71% | 1.52x | $58.66 Million |