IGLOO SECURITY Inc (067920) - Net Assets
Based on the latest financial reports, IGLOO SECURITY Inc (067920) has net assets worth ₩79.18 Billion KRW (≈ $53.66 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩105.06 Billion ≈ $71.20 Million USD) and total liabilities (₩25.89 Billion ≈ $17.54 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 IGLOO SECURITY Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩79.18 Billion |
| % of Total Assets | 75.36% |
| Annual Growth Rate | 7.83% |
| 5-Year Change | 62.04% |
| 10-Year Change | 138.29% |
| Growth Volatility | 9.71 |
IGLOO SECURITY Inc - Net Assets Trend (2014–2024)
This chart illustrates how IGLOO SECURITY Inc's net assets have evolved over time, based on quarterly financial data. Also explore 067920 asset base for the complete picture of this company's asset base.
Annual Net Assets for IGLOO SECURITY Inc (2014–2024)
The table below shows the annual net assets of IGLOO SECURITY Inc from 2014 to 2024. For live valuation and market cap data, see IGLOO SECURITY Inc (067920) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩80.78 Billion ≈ $54.74 Million |
+5.77% |
| 2023-12-31 | ₩76.37 Billion ≈ $51.75 Million |
+10.15% |
| 2022-12-31 | ₩69.33 Billion ≈ $46.99 Million |
+8.91% |
| 2021-12-31 | ₩63.66 Billion ≈ $43.14 Million |
+27.70% |
| 2020-12-31 | ₩49.85 Billion ≈ $33.78 Million |
+3.23% |
| 2019-12-31 | ₩48.29 Billion ≈ $32.73 Million |
+0.05% |
| 2018-12-31 | ₩48.27 Billion ≈ $32.71 Million |
+16.49% |
| 2017-12-31 | ₩41.44 Billion ≈ $28.08 Million |
+13.63% |
| 2016-12-31 | ₩36.47 Billion ≈ $24.71 Million |
+7.58% |
| 2015-12-31 | ₩33.90 Billion ≈ $22.97 Million |
-10.84% |
| 2014-12-31 | ₩38.02 Billion ≈ $25.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IGLOO SECURITY 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 515.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩45.33 Billion | 56.12% |
| Common Stock | ₩5.50 Billion | 6.81% |
| Other Components | ₩29.94 Billion | 37.07% |
| Total Equity | ₩80.78 Billion | 100.00% |
IGLOO SECURITY Inc Competitors by Market Cap
The table below lists competitors of IGLOO SECURITY Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Matrix Composites & Engineering Ltd
AU:MCE
|
$49.43 Million |
|
Smart Digital Group Limited Ordinary Shares
NASDAQ:SDM
|
$49.44 Million |
|
Chin Well Holdings Bhd
KLSE:5007
|
$49.48 Million |
|
Tritax Big Box REIT plc
LSE:BBOX
|
$49.51 Million |
|
Tadir-Gan (Precision Products) 1993 Ltd
TA:TDGN
|
$49.41 Million |
|
Sachem Capital Corp
NYSE MKT:SACH
|
$49.41 Million |
|
Manaksia Steels Limited
NSE:MANAKSTEEL
|
$49.40 Million |
|
5TH PLANET GAMES DK -50
F:2HG1
|
$49.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IGLOO SECURITY Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 76,077,089,620 to 80,776,613,880, a change of 4,699,524,260 (6.2%).
- Net income of 6,520,377,740 contributed positively to equity growth.
- Dividend payments of 1,878,168,420 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩6.52 Billion | +8.07% |
| Dividends Paid | ₩1.88 Billion | -2.33% |
| Other Changes | ₩57.31 Million | +0.07% |
| Total Change | ₩- | 6.18% |
Book Value vs Market Value Analysis
This analysis compares IGLOO SECURITY 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: 0.93x
- 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 1.91x to 0.93x 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 | ₩3763.33 | ₩7190.00 | x |
| 2017-12-31 | ₩4093.15 | ₩7190.00 | x |
| 2018-12-31 | ₩4883.34 | ₩7190.00 | x |
| 2019-12-31 | ₩4971.27 | ₩7190.00 | x |
| 2020-12-31 | ₩5426.67 | ₩7190.00 | x |
| 2021-12-31 | ₩6129.23 | ₩7190.00 | x |
| 2022-12-31 | ₩6660.44 | ₩7190.00 | x |
| 2023-12-31 | ₩7291.08 | ₩7190.00 | x |
| 2024-12-31 | ₩7714.49 | ₩7190.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IGLOO SECURITY 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): 8.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.86%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.20x
- Recent ROE (8.07%) is above the historical average (5.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -26.85% | -18.09% | 1.17x | 1.26x | ₩-14.01 Billion |
| 2015 | -11.27% | -6.96% | 1.23x | 1.31x | ₩-7.21 Billion |
| 2016 | 9.72% | 6.10% | 1.33x | 1.20x | ₩-103.57 Million |
| 2017 | 10.15% | 7.00% | 1.22x | 1.19x | ₩62.01 Million |
| 2018 | 18.03% | 13.45% | 1.15x | 1.17x | ₩3.87 Billion |
| 2019 | 4.26% | 2.72% | 1.27x | 1.23x | ₩-2.77 Billion |
| 2020 | 9.82% | 5.99% | 1.35x | 1.22x | ₩-91.69 Million |
| 2021 | 11.46% | 7.93% | 1.05x | 1.37x | ₩930.89 Million |
| 2022 | 10.38% | 6.99% | 1.13x | 1.31x | ₩264.97 Million |
| 2023 | 11.44% | 8.28% | 1.11x | 1.24x | ₩1.10 Billion |
| 2024 | 8.07% | 5.86% | 1.15x | 1.20x | ₩-1.56 Billion |
Industry Comparison
This section compares IGLOO SECURITY Inc's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $153,993,143,520
- Average return on equity (ROE) among peers: 10.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IGLOO SECURITY Inc (067920) | ₩79.18 Billion | -26.85% | 0.33x | $49.42 Million |
| Mirae ING Co Ltd (007120) | $69.59 Billion | 20.15% | 0.04x | $35.85 Million |
| S-1 Corp (012750) | $571.76 Billion | 20.09% | 0.37x | $1.97 Billion |
| Hitron Systems (019490) | $50.22 Billion | -12.73% | 0.46x | $28.02 Million |
| Korea Electronic Certification Authority Inc (041460) | $25.89 Billion | 11.99% | 0.50x | $51.86 Million |
| SOOSAN INT Co. Ltd (050960) | $70.11 Billion | 6.01% | 0.02x | $43.65 Million |
| Suprema Inc (236200) | $136.39 Billion | 19.02% | 0.09x | $263.44 Million |
About IGLOO SECURITY Inc
IGLOO Corporation provides security management solutions and services in Korea. The company offers SPiDER TM, an integrated security management solution; SPiDER TM on Cloud, a security information and event management solution; SPiDER TM AI Edition, a machine learning based AI system; SPiDER SOAR provides automation functions; SPiDER OT, an OT security management for smart cities, buildings, and … Read more