Mgame Corp
Mgame Corp. operates an online game portal. The company provides online, card/board, and mobile games. It has operations in South Korea, Japan, China, and the United States. The company was founded in 1999 and is based in Seoul, South Korea.
Mgame Corp (058630) - Net Assets
Latest net assets as of September 2025: ₩132.41 Billion KRW
Based on the latest financial reports, Mgame Corp (058630) has net assets worth ₩132.41 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 (₩150.71 Billion) and total liabilities (₩18.30 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 | ₩132.41 Billion |
| % of Total Assets | 87.86% |
| Annual Growth Rate | 2.53% |
| 5-Year Change | 167.73% |
| 10-Year Change | 453.5% |
| Growth Volatility | 38.58 |
Mgame Corp - Net Assets Trend (2009–2024)
This chart illustrates how Mgame Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mgame Corp (2009–2024)
The table below shows the annual net assets of Mgame Corp from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩124.21 Billion | +9.05% |
| 2023-12-31 | ₩113.91 Billion | +22.42% |
| 2022-12-31 | ₩93.04 Billion | +26.44% |
| 2021-12-31 | ₩73.58 Billion | +58.61% |
| 2020-12-31 | ₩46.39 Billion | +15.77% |
| 2019-12-31 | ₩40.07 Billion | +23.60% |
| 2018-12-31 | ₩32.42 Billion | -5.90% |
| 2017-12-31 | ₩34.45 Billion | +26.92% |
| 2016-12-31 | ₩27.15 Billion | +20.96% |
| 2015-12-31 | ₩22.44 Billion | +27.84% |
| 2014-12-31 | ₩17.55 Billion | +99.88% |
| 2013-12-31 | ₩8.78 Billion | -86.47% |
| 2012-12-31 | ₩64.93 Billion | -1.64% |
| 2011-12-31 | ₩66.02 Billion | -2.78% |
| 2010-12-31 | ₩67.91 Billion | -20.45% |
| 2009-12-31 | ₩85.36 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mgame Corp'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 9235421765000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩92.35 Billion | 74.35% |
| Common Stock | ₩9.77 Billion | 7.87% |
| Other Components | ₩22.09 Billion | 17.78% |
| Total Equity | ₩124.21 Billion | 100.00% |
Mgame Corp Competitors by Market Cap
The table below lists competitors of Mgame Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lee Ku Ind
KO:025820
|
$57.19 Million |
|
LK CHEM
KQ:489500
|
$57.20 Million |
|
Invictus Energy Limited
OTCQB:IVCTF
|
$57.21 Million |
|
Bulten AB
ST:BULTEN
|
$57.24 Million |
|
Pembangunan Perumahan PT
JK:PTPP
|
$57.18 Million |
|
Hiap Teck Venture Bhd
KLSE:5072
|
$57.18 Million |
|
An Phat Plastic and Green Environment JSC
VN:AAA
|
$57.15 Million |
|
Potomac Bancshares Inc
PINK:PTBS
|
$57.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mgame Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 113,857,882,470 to 124,214,235,280, a change of 10,356,352,810 (9.1%).
- Net income of 15,665,322,280 contributed positively to equity growth.
- Dividend payments of 2,866,969,350 reduced retained earnings.
- Share repurchases of 2,963,879,830 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩15.67 Billion | +12.61% |
| Dividends Paid | ₩2.87 Billion | -2.31% |
| Share Repurchases | ₩2.96 Billion | -2.39% |
| Other Changes | ₩521.88 Million | +0.42% |
| Total Change | ₩- | 9.10% |
Book Value vs Market Value Analysis
This analysis compares Mgame Corp'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: 0.79x
- 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 3.72x to 0.79x 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 | ₩1420.67 | ₩5280.00 | x |
| 2017-12-31 | ₩1762.94 | ₩5280.00 | x |
| 2018-12-31 | ₩1658.99 | ₩5280.00 | x |
| 2019-12-31 | ₩2050.43 | ₩5280.00 | x |
| 2020-12-31 | ₩2440.69 | ₩5280.00 | x |
| 2021-12-31 | ₩3765.09 | ₩5280.00 | x |
| 2022-12-31 | ₩4868.05 | ₩5280.00 | x |
| 2023-12-31 | ₩5957.05 | ₩5280.00 | x |
| 2024-12-31 | ₩6677.26 | ₩5280.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mgame Corp 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): 12.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.78%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.20x
- Recent ROE (12.61%) is above the historical average (-40.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 7.99% | 12.20% | 0.52x | 1.25x | ₩-1.71 Billion |
| 2011 | -1.17% | -1.53% | 0.43x | 1.79x | ₩-7.37 Billion |
| 2012 | -2.91% | -4.22% | 0.38x | 1.80x | ₩-8.42 Billion |
| 2013 | -721.22% | -212.00% | 0.54x | 6.28x | ₩-68.60 Billion |
| 2014 | -45.69% | -26.52% | 0.76x | 2.27x | ₩-9.93 Billion |
| 2015 | 6.45% | 5.21% | 0.76x | 1.64x | ₩-796.12 Million |
| 2016 | 13.78% | 12.26% | 0.78x | 1.44x | ₩1.03 Billion |
| 2017 | 7.64% | 9.56% | 0.62x | 1.29x | ₩-813.19 Million |
| 2018 | 8.40% | 10.04% | 0.66x | 1.27x | ₩-518.57 Million |
| 2019 | 19.80% | 21.08% | 0.78x | 1.21x | ₩3.93 Billion |
| 2020 | 14.64% | 16.02% | 0.74x | 1.23x | ₩2.15 Billion |
| 2021 | 29.14% | 38.49% | 0.65x | 1.16x | ₩14.08 Billion |
| 2022 | 24.34% | 30.75% | 0.63x | 1.25x | ₩13.34 Billion |
| 2023 | 19.20% | 26.78% | 0.55x | 1.30x | ₩10.48 Billion |
| 2024 | 12.61% | 18.78% | 0.56x | 1.20x | ₩3.24 Billion |
Industry Comparison
This section compares Mgame Corp'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 |
|---|---|---|---|---|
| Mgame Corp (058630) | ₩132.41 Billion | 7.99% | 0.14x | $57.18 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 |