Next Bt Co. Ltd
BL Pharmtech Corp. manufactures, retails, imports, and exports health functional foods in South Korea. It is also involved in biotechnology business, as well as manufacture of cosmetics. The company was formerly known as Next BT Co., Ltd. BL Pharmtech Corp. was founded in 1995 and is headquartered in Yongin, South Korea.
Next Bt Co. Ltd (065170) - Net Assets
Latest net assets as of September 2025: ₩21.76 Billion KRW
Based on the latest financial reports, Next Bt Co. Ltd (065170) has net assets worth ₩21.76 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 (₩32.87 Billion) and total liabilities (₩11.11 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 | ₩21.76 Billion |
| % of Total Assets | 66.2% |
| Annual Growth Rate | -0.82% |
| 5-Year Change | -63.32% |
| 10-Year Change | -12.98% |
| Growth Volatility | 53.88 |
Next Bt Co. Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Next Bt 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 Next Bt Co. Ltd (2008–2024)
The table below shows the annual net assets of Next Bt Co. Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩24.25 Billion | -23.75% |
| 2023-12-31 | ₩31.80 Billion | -5.92% |
| 2022-12-31 | ₩33.80 Billion | -42.22% |
| 2021-12-31 | ₩58.50 Billion | -11.50% |
| 2020-12-31 | ₩66.10 Billion | +45.43% |
| 2019-12-31 | ₩45.45 Billion | -24.14% |
| 2018-12-31 | ₩59.92 Billion | +196.81% |
| 2017-12-31 | ₩20.19 Billion | -16.06% |
| 2016-12-31 | ₩24.05 Billion | -13.68% |
| 2015-12-31 | ₩27.86 Billion | -23.89% |
| 2014-12-31 | ₩36.61 Billion | +18.59% |
| 2013-12-31 | ₩30.87 Billion | -13.10% |
| 2012-12-31 | ₩35.52 Billion | -3.38% |
| 2011-12-31 | ₩36.77 Billion | +0.71% |
| 2010-12-31 | ₩36.51 Billion | +42.90% |
| 2009-12-31 | ₩25.55 Billion | -7.67% |
| 2008-12-31 | ₩27.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Next Bt 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 decreased by 6862496859000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩4.45 Billion | 18.35% |
| Other Components | ₩88.42 Billion | 364.68% |
| Total Equity | ₩24.25 Billion | 100.00% |
Next Bt Co. Ltd Competitors by Market Cap
The table below lists competitors of Next Bt Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eroad Ltd
AU:ERD
|
$62.97 Million |
|
Investec Ltd
JSE:INL
|
$62.98 Million |
|
YHN Acquisition I Limited Ordinary Shares
NASDAQ:YHNA
|
$62.98 Million |
|
SPC Samlip Co Ltd
KO:005610
|
$62.99 Million |
|
KinderCare Learning Companies, Inc.
NYSE:KLC
|
$62.97 Million |
|
Arizon RFID Tech (Cayman) Co
TW:6863
|
$62.97 Million |
|
flooidCX Corp
PINK:FLCX
|
$62.96 Million |
|
Media Nusantara Citra Tbk PT
JK:MNCN
|
$62.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Next Bt Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,419,009,370 to 24,246,652,980, a change of -7,172,356,390 (-22.8%).
- Net loss of 5,706,467,390 reduced equity.
- Share repurchases of 1,998,057,000 reduced equity.
- Other factors increased equity by 532,168,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-5.71 Billion | -23.54% |
| Share Repurchases | ₩2.00 Billion | -8.24% |
| Other Changes | ₩532.17 Million | +2.19% |
| Total Change | ₩- | -22.83% |
Book Value vs Market Value Analysis
This analysis compares Next Bt 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: 5.22x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.84x to 5.22x 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 | ₩605.19 | ₩4745.00 | x |
| 2017-12-31 | ₩507.97 | ₩4745.00 | x |
| 2018-12-31 | ₩972.90 | ₩4745.00 | x |
| 2019-12-31 | ₩734.24 | ₩4745.00 | x |
| 2020-12-31 | ₩759.84 | ₩4745.00 | x |
| 2021-12-31 | ₩657.50 | ₩4745.00 | x |
| 2022-12-31 | ₩379.91 | ₩4745.00 | x |
| 2023-12-31 | ₩353.15 | ₩4745.00 | x |
| 2024-12-31 | ₩908.82 | ₩4745.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Next Bt 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): -23.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -64.81%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.50x
- Recent ROE (-23.54%) is below the historical average (-16.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 0.56% | 0.26% | 0.80x | 2.76x | ₩-2.53 Billion |
| 2011 | 0.59% | 0.31% | 0.72x | 2.64x | ₩-2.67 Billion |
| 2014 | -3.34% | -1.69% | 0.94x | 2.10x | ₩-4.17 Billion |
| 2015 | -23.38% | -11.40% | 0.90x | 2.27x | ₩-9.30 Billion |
| 2016 | -21.10% | -6.86% | 1.01x | 3.05x | ₩-7.48 Billion |
| 2017 | -15.14% | -3.65% | 1.23x | 3.38x | ₩-5.08 Billion |
| 2018 | 2.17% | 1.48% | 0.84x | 1.73x | ₩-4.69 Billion |
| 2019 | -26.00% | -20.08% | 0.66x | 1.96x | ₩-16.36 Billion |
| 2020 | -27.15% | -27.32% | 0.49x | 2.03x | ₩-24.56 Billion |
| 2021 | -34.55% | -23.94% | 0.65x | 2.23x | ₩-26.06 Billion |
| 2022 | -41.13% | -17.25% | 0.78x | 3.07x | ₩-17.28 Billion |
| 2023 | -0.47% | -0.61% | 0.55x | 1.43x | ₩-3.29 Billion |
| 2024 | -23.54% | -64.81% | 0.24x | 1.50x | ₩-8.13 Billion |
Industry Comparison
This section compares Next Bt Co. Ltd's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $609,477,895,496
- Average return on equity (ROE) among peers: 5.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Next Bt Co. Ltd (065170) | ₩21.76 Billion | 0.56% | 0.51x | $62.97 Million |
| Dongwon Ind (006040) | $973.61 Billion | 7.10% | 1.66x | $371.32 Million |
| Dongsuh (026960) | $1.55 Trillion | 10.86% | 0.05x | $533.53 Million |
| Dong Won Fish (030720) | $33.60 Billion | -1.12% | 1.79x | $14.06 Million |
| CJ Freshway Corporation (051500) | $190.20 Billion | -2.46% | 3.47x | $132.66 Million |
| Hyundai C&F Inc (227840) | $304.44 Billion | 14.01% | 0.24x | $16.36 Million |