Next Bt Co. Ltd (065170) - Net Assets
Based on the latest financial reports, Next Bt Co. Ltd (065170) has net assets worth ₩10.33 Billion KRW (≈ $7.00 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩18.74 Billion ≈ $12.70 Million USD) and total liabilities (₩8.41 Billion ≈ $5.70 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. Check Next Bt Co. Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩10.33 Billion |
| % of Total Assets | 55.11% |
| Annual Growth Rate | -7.09% |
| 5-Year Change | -86.45% |
| 10-Year Change | -67.04% |
| Growth Volatility | 55.15 |
Next Bt Co. Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Next Bt Co. Ltd's net assets have evolved over time, based on quarterly financial data. See Next Bt Co. Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Next Bt Co. Ltd (2008–2025)
The table below shows the annual net assets of Next Bt Co. Ltd from 2008 to 2025. For live valuation and market cap data, see Next Bt Co. Ltd (065170) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩7.93 Billion ≈ $5.37 Million |
-67.31% |
| 2024-12-31 | ₩24.25 Billion ≈ $16.43 Million |
-23.75% |
| 2023-12-31 | ₩31.80 Billion ≈ $21.55 Million |
-5.92% |
| 2022-12-31 | ₩33.80 Billion ≈ $22.91 Million |
-42.22% |
| 2021-12-31 | ₩58.50 Billion ≈ $39.64 Million |
-11.50% |
| 2020-12-31 | ₩66.10 Billion ≈ $44.80 Million |
+45.43% |
| 2019-12-31 | ₩45.45 Billion ≈ $30.80 Million |
-24.14% |
| 2018-12-31 | ₩59.92 Billion ≈ $40.60 Million |
+196.81% |
| 2017-12-31 | ₩20.19 Billion ≈ $13.68 Million |
-16.06% |
| 2016-12-31 | ₩24.05 Billion ≈ $16.30 Million |
-13.68% |
| 2015-12-31 | ₩27.86 Billion ≈ $18.88 Million |
-23.89% |
| 2014-12-31 | ₩36.61 Billion ≈ $24.81 Million |
+18.59% |
| 2013-12-31 | ₩30.87 Billion ≈ $20.92 Million |
-13.10% |
| 2012-12-31 | ₩35.52 Billion ≈ $24.07 Million |
-3.38% |
| 2011-12-31 | ₩36.77 Billion ≈ $24.92 Million |
+0.71% |
| 2010-12-31 | ₩36.51 Billion ≈ $24.74 Million |
+42.90% |
| 2009-12-31 | ₩25.55 Billion ≈ $17.31 Million |
-7.67% |
| 2008-12-31 | ₩27.67 Billion ≈ $18.75 Million |
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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 10020560800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩108.10 Billion | 1369.12% |
| Total Equity | ₩7.90 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 |
|---|---|
|
Plus Therapeutics Inc
NASDAQ:PSTV
|
$31.36 Million |
|
Wayi International Digital Entertainment Co
TWO:3086
|
$31.36 Million |
|
DCM Nouvelle Limited
NSE:DCMNVL
|
$31.38 Million |
|
Etiler İnci Bufe Gida Sanayi ve Dis Ticaret AS
IS:ETILR
|
$31.39 Million |
|
Drax Group PLC
LSE:DRX
|
$31.35 Million |
|
Maquia Capital Acquisition Corp
NASDAQ:MAQC
|
$31.33 Million |
|
Alam Maritim Resources Bhd
KLSE:5115
|
$31.32 Million |
|
Dominant Enterprise Bhd
KLSE:7169
|
$31.32 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 2024 to 2025, total equity changed from 24,246,652,980 to 7,895,679,980, a change of -16,350,973,000 (-67.4%).
- Net loss of 16,777,503,790 reduced equity.
- Share repurchases of 7,657,940 reduced equity.
- Other factors increased equity by 434,188,730.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-16.78 Billion | -212.49% |
| Share Repurchases | ₩7.66 Million | -0.1% |
| Other Changes | ₩434.19 Million | +5.5% |
| Total Change | ₩- | -67.44% |
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: 5.86x
- 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 increased from 2.87x to 5.86x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩605.19 | ₩1734.00 | x |
| 2017-12-31 | ₩507.97 | ₩1734.00 | x |
| 2018-12-31 | ₩972.90 | ₩1734.00 | x |
| 2019-12-31 | ₩734.24 | ₩1734.00 | x |
| 2020-12-31 | ₩759.84 | ₩1734.00 | x |
| 2021-12-31 | ₩657.50 | ₩1734.00 | x |
| 2022-12-31 | ₩379.91 | ₩1734.00 | x |
| 2023-12-31 | ₩353.15 | ₩1734.00 | x |
| 2024-12-31 | ₩908.82 | ₩1734.00 | x |
| 2025-12-31 | ₩295.95 | ₩1734.00 | 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): -212.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -257.89%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.30x
- Recent ROE (-212.49%) is below the historical average (-30.36%), 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 |
| 2025 | -212.49% | -257.89% | 0.36x | 2.30x | ₩-17.57 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: $648,336,656,326
- Average return on equity (ROE) among peers: 1.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Next Bt Co. Ltd (065170) | ₩10.33 Billion | 0.56% | 0.81x | $31.35 Million |
| Hyundai Green Food Co Ltd (005440) | $1.61 Trillion | 5.90% | 0.36x | $1.52 Billion |
| Dongsuh (026960) | $1.14 Trillion | 10.66% | 0.10x | $1.73 Billion |
| Dong Won Fish (030720) | $35.19 Billion | 0.00% | 1.91x | $19.14 Million |
| CJ Freshway Corporation (051500) | $188.04 Billion | -20.88% | 4.97x | $195.50 Million |
| Hyundai C&F Inc (227840) | $271.31 Billion | 10.75% | 0.27x | $73.00 Million |
About 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-si, South Korea.