Fourth-Link Inc. (056730) - Net Assets
Based on the latest financial reports, Fourth-Link Inc. (056730) has net assets worth ₩59.68 Billion KRW (≈ $40.44 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩74.57 Billion ≈ $50.53 Million USD) and total liabilities (₩14.89 Billion ≈ $10.09 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. See Fourth-Link Inc. (056730) net asset quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩59.68 Billion |
| % of Total Assets | 80.03% |
| Annual Growth Rate | 4.64% |
| 5-Year Change | 78.39% |
| 10-Year Change | 111.77% |
| Growth Volatility | 93.72 |
Fourth-Link Inc. - Net Assets Trend (2011–2025)
This chart illustrates how Fourth-Link Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Fourth-Link Inc. net asset momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Fourth-Link Inc. (2011–2025)
The table below shows the annual net assets of Fourth-Link Inc. from 2011 to 2025. For live market cap and overall valuation, see Fourth-Link Inc. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩58.46 Billion ≈ $39.62 Million |
-17.79% |
| 2024-12-31 | ₩71.11 Billion ≈ $48.19 Million |
-1.64% |
| 2023-12-31 | ₩72.30 Billion ≈ $49.00 Million |
+256.60% |
| 2022-12-31 | ₩20.27 Billion ≈ $13.74 Million |
-38.14% |
| 2017-12-31 | ₩32.77 Billion ≈ $22.21 Million |
+113.92% |
| 2016-12-31 | ₩15.32 Billion ≈ $10.38 Million |
-13.73% |
| 2015-12-31 | ₩17.76 Billion ≈ $12.03 Million |
+113.77% |
| 2014-12-31 | ₩8.31 Billion ≈ $5.63 Million |
-14.64% |
| 2013-12-31 | ₩9.73 Billion ≈ $6.60 Million |
-64.75% |
| 2012-12-31 | ₩27.61 Billion ≈ $18.71 Million |
-10.91% |
| 2011-12-31 | ₩30.99 Billion ≈ $21.00 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Fourth-Link 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 decreased by 8031.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩139.46 Billion | 238.56% |
| Total Equity | ₩58.46 Billion | 100.00% |
Fourth-Link Inc. Competitors by Market Cap
The table below lists competitors of Fourth-Link Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIFESPEAK INC.
F:81F
|
$11.80 Million |
|
TS Corp Preference Shares
KO:001795
|
$11.81 Million |
|
Western Resources Corp
TO:WRX
|
$11.81 Million |
|
Empire Resources Ltd
AU:ERL
|
$11.81 Million |
|
Urgent.ly Inc. Common Stock
NASDAQ:ULY
|
$11.79 Million |
|
Merchants Trust PLC
LSE:MRCH
|
$11.78 Million |
|
Gambling.com Group Ltd
NASDAQ:GAMB
|
$11.77 Million |
|
Pan Malaysia Corporation Bhd
KLSE:4081
|
$11.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fourth-Link Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 71,111,613,550 to 58,461,866,610, a change of -12,649,746,940 (-17.8%).
- Net loss of 12,661,918,170 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-12.66 Billion | -21.66% |
| Other Changes | ₩12.17 Million | +0.02% |
| Total Change | ₩- | -17.79% |
Book Value vs Market Value Analysis
This analysis compares Fourth-Link 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: 0.30x
- 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 0.44x to 0.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩2843.82 | ₩1250.00 | x |
| 2023-12-31 | ₩5208.71 | ₩1250.00 | x |
| 2024-12-31 | ₩5106.63 | ₩1250.00 | x |
| 2025-12-31 | ₩4198.24 | ₩1250.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fourth-Link 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): -21.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.66%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.46x
- Recent ROE (-21.66%) is above the historical average (-28.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 9.18% | 6.66% | 0.92x | 1.50x | ₩-255.58 Million |
| 2014 | -82.66% | -111.87% | 0.19x | 3.79x | ₩-7.69 Billion |
| 2015 | -57.90% | -54.59% | 0.50x | 2.13x | ₩-12.06 Billion |
| 2016 | -52.44% | -226.75% | 0.09x | 2.70x | ₩-9.57 Billion |
| 2017 | -65.67% | -124.44% | 0.25x | 2.10x | ₩-24.80 Billion |
| 2022 | 6.79% | 4.29% | 0.64x | 2.46x | ₩-651.09 Million |
| 2023 | 11.57% | 16.68% | 0.47x | 1.49x | ₩1.14 Billion |
| 2024 | -1.90% | -2.01% | 0.75x | 1.26x | ₩-8.46 Billion |
| 2025 | -21.66% | -26.66% | 0.56x | 1.46x | ₩-18.51 Billion |
Industry Comparison
This section compares Fourth-Link Inc.'s net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $120,967,044,261
- Average return on equity (ROE) among peers: -14.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fourth-Link Inc. (056730) | ₩59.68 Billion | 9.18% | 0.25x | $11.80 Million |
| Gaon Cable (000500) | $264.68 Billion | 1.72% | 0.95x | $3.31 Billion |
| Huneed Tech (005870) | $119.93 Billion | 5.28% | 1.07x | $37.92 Million |
| Taihan Fiber Optics Co. Ltd (010170) | $152.54 Billion | -17.96% | 0.76x | $1.58 Billion |
| Humax Holdings Co. Ltd (028080) | $360.48 Billion | 0.00% | 0.82x | $7.65 Million |
| Comtec Sys (031820) | $55.80 Billion | 4.06% | 1.15x | $47.57 Million |
| KMW Inc. (032500) | $42.28 Billion | -113.32% | 6.58x | $547.27 Million |
| Insung Information Co. Ltd (033230) | $47.46 Billion | 5.50% | 1.41x | $37.73 Million |
| Bluecom Co. Ltd (033560) | $98.24 Billion | 3.78% | 0.06x | $64.14 Million |
| Skymoons Technology Inc. (033790) | $31.62 Billion | -23.35% | 0.72x | $532.99 Million |
| Kisan Telecom Co. Ltd (035460) | $36.64 Billion | -6.81% | 1.03x | $24.50 Million |
About Fourth-Link Inc.
CNT85 Inc. designs, constructs, manufactures, and sells machinery related to environmental and plant facilities in South Korea. The company offers stoker type incineration power plants, fluidized bed incineration power plants, rotary kiln and stoker incineration power plants, and disk dryers; water treatment, demi water treatment, wastewater treatment facilities, and air pollution protection faci… Read more