Hancom WITH Inc (054920) - Net Assets

Latest as of December 2025: ₩149.15 Billion KRW ≈ $101.08 Million USD

Based on the latest financial reports, Hancom WITH Inc (054920) has net assets worth ₩149.15 Billion KRW (≈ $101.08 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 (₩249.50 Billion ≈ $169.08 Million USD) and total liabilities (₩100.34 Billion ≈ $68.00 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. Explore Hancom WITH Inc (054920) cash conversion ratio to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩149.15 Billion
% of Total Assets	59.78%
Annual Growth Rate	6.35%
5-Year Change	9.03%
10-Year Change	197.28%
Growth Volatility	30.88

Hancom WITH Inc - Net Assets Trend (2008–2025)

This chart illustrates how Hancom WITH Inc's net assets have evolved over time, based on quarterly financial data. Explore Hancom WITH Inc (054920) long-term investment share to see how much of total assets are deployed in long-term investments.

Annual Net Assets for Hancom WITH Inc (2008–2025)

The table below shows the annual net assets of Hancom WITH Inc from 2008 to 2025. For live valuation and market cap data, see 054920 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	₩149.15 Billion ≈ $101.08 Million	+6.38%
2024-12-31	₩140.20 Billion ≈ $95.01 Million	-2.98%
2023-12-31	₩144.51 Billion ≈ $97.93 Million	+2.33%
2022-12-31	₩141.22 Billion ≈ $95.70 Million	+3.23%
2021-12-31	₩136.80 Billion ≈ $92.71 Million	+4.79%
2020-12-31	₩130.54 Billion ≈ $88.46 Million	+5.04%
2019-12-31	₩124.28 Billion ≈ $84.22 Million	+106.61%
2018-12-31	₩60.15 Billion ≈ $40.76 Million	+13.08%
2017-12-31	₩53.19 Billion ≈ $36.05 Million	+6.02%
2016-12-31	₩50.17 Billion ≈ $34.00 Million	-0.73%
2012-12-31	₩50.54 Billion ≈ $34.25 Million	+4.21%
2011-12-31	₩48.50 Billion ≈ $32.87 Million	+49.37%
2010-12-31	₩32.47 Billion ≈ $22.00 Million	-17.11%
2009-12-31	₩39.17 Billion ≈ $26.54 Million	-25.19%
2008-12-31	₩52.36 Billion ≈ $35.48 Million	--

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 163441.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩73.72 Billion	50.58%
Other Components	₩72.05 Billion	49.42%
Total Equity	₩145.77 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
Can One Bhd KLSE:5105	$74.78 Million
INSTAL KRAKÓW SA WAR:INK	$74.79 Million
Dhampur Bio Organics Limited NSE:DBOL	$74.85 Million
Brixton Metals Corporation V:BBB	$74.89 Million
Global View Co Ltd TW:3040	$74.76 Million
Moulinvest PA:ALMOU	$74.75 Million
IG Group Holdings PLC LSE:IGG	$74.75 Million
Li-S Energy Ltd AU:LIS	$74.74 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 2024 to 2025, total equity changed from 138,022,791,100 to 145,769,133,820, a change of 7,746,342,720 (5.6%).
Net income of 7,843,066,420 contributed positively to equity growth.
New share issuances of 671,136,300 increased equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩7.84 Billion	+5.38%
Share Issuances	₩671.14 Million	+0.46%
Other Changes	₩-767.86 Million	-0.53%
Total Change	₩-	5.61%

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: 1.01x
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 1.46x to 1.01x 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	₩5870.00	x
2017-12-31	₩4227.48	₩5870.00	x
2018-12-31	₩4203.81	₩5870.00	x
2019-12-31	₩5006.27	₩5870.00	x
2020-12-31	₩5259.75	₩5870.00	x
2021-12-31	₩5511.89	₩5870.00	x
2022-12-31	₩5680.78	₩5870.00	x
2023-12-31	₩5693.79	₩5870.00	x
2024-12-31	₩5547.85	₩5870.00	x
2025-12-31	₩5801.80	₩5870.00	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): 5.38%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.02%
• Asset Turnover: 3.09x
• Equity Multiplier: 1.71x
Recent ROE (5.38%) is above the historical average (1.30%), indicating improving 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
2025	5.38%	1.02%	3.09x	1.71x	₩-6.73 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: $75,459,908,388
Average return on equity (ROE) among peers: -10.44%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hancom WITH Inc (054920)	₩149.15 Billion	-45.35%	0.67x	$74.77 Million
Daishin Information & Communications Co.Ltd (020180)	$22.59 Billion	6.07%	1.01x	$33.49 Million
PLAYWITH Inc (023770)	$4.23 Billion	-178.19%	17.73x	$7.16 Million
Hancom Inc (030520)	$315.69 Billion	14.81%	1.20x	$288.00 Million
UBcare. Co. Ltd (032620)	$45.31 Billion	13.70%	0.42x	$121.24 Million
Softcen Co. Ltd (032680)	$50.38 Billion	0.00%	0.19x	$27.50 Million
InfoBank Corporation (039290)	$68.80 Billion	-5.57%	0.41x	$21.68 Million
Korea Business News Co. Ltd (039340)	$138.21 Billion	13.77%	0.26x	$70.43 Million
CUROCOM Co. Ltd (040350)	$59.34 Billion	0.00%	0.29x	$298.41 Million
Polaris Office Corp (041020)	$41.17 Billion	-0.52%	0.30x	$107.78 Million
Total Soft Bank Ltd (045340)	$8.87 Billion	31.58%	1.30x	$37.32 Million

About Hancom WITH Inc

KQ:054920 Korea Software & IT Services

Market Cap

$74.77 Million

₩110.34 Billion KRW

Market Cap Rank

#20432 Global

#1158 in Korea

Share Price

₩5870.00

Change (1 day)

-12.65%

52-Week Range

₩2760.00 - ₩8170.00

All Time High

₩12850.00