KINX Inc
KINX, Inc. provides Internet exchange (IX) services to various carriers, content providers, multiple system operators, financial institutions, and government agencies in South Korea and internationally. The company offers IX network services, including peering, transit, cloud hub, China direct connect, server hosting, and co-location services; and content delivery network (CDN) services, such as … Read more
KINX Inc (093320) - Net Assets
Latest net assets as of September 2025: ₩241.72 Billion KRW
Based on the latest financial reports, KINX Inc (093320) has net assets worth ₩241.72 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 (₩335.57 Billion) and total liabilities (₩93.85 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 | ₩241.72 Billion |
| % of Total Assets | 72.03% |
| Annual Growth Rate | 16.85% |
| 5-Year Change | 110.44% |
| 10-Year Change | 379.53% |
| Growth Volatility | 7.61 |
KINX Inc - Net Assets Trend (2011–2024)
This chart illustrates how KINX Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KINX Inc (2011–2024)
The table below shows the annual net assets of KINX Inc from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩229.97 Billion | +24.50% |
| 2023-12-31 | ₩184.72 Billion | +26.83% |
| 2022-12-31 | ₩145.64 Billion | +16.75% |
| 2021-12-31 | ₩124.75 Billion | +14.15% |
| 2020-12-31 | ₩109.28 Billion | +33.94% |
| 2019-12-31 | ₩81.59 Billion | +19.73% |
| 2018-12-31 | ₩68.14 Billion | +20.17% |
| 2017-12-31 | ₩56.71 Billion | +6.49% |
| 2016-12-31 | ₩53.25 Billion | +11.04% |
| 2015-12-31 | ₩47.96 Billion | +6.47% |
| 2014-12-31 | ₩45.04 Billion | +13.07% |
| 2013-12-31 | ₩39.84 Billion | +15.57% |
| 2012-12-31 | ₩34.47 Billion | +13.48% |
| 2011-12-31 | ₩30.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to KINX 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 158752.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩157.21 Billion | 83.07% |
| Common Stock | ₩2.44 Billion | 1.29% |
| Other Components | ₩29.60 Billion | 15.64% |
| Total Equity | ₩189.25 Billion | 100.00% |
KINX Inc Competitors by Market Cap
The table below lists competitors of KINX Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WONIK Materials Co.Ltd
KQ:104830
|
$201.66 Million |
|
NATL BANKSHARES DL 250
F:9F2
|
$201.68 Million |
|
Guangdong Xinyaguang Cable Co
SHE:001382
|
$201.71 Million |
|
8x8 Inc Common Stock
NASDAQ:EGHT
|
$201.75 Million |
|
Live Oak Acquisition Corp. V Class A Ordinary Shares
NASDAQ:LOKV
|
$201.63 Million |
|
Aurotek Corp
TW:6215
|
$201.63 Million |
|
Premier Energy
RO:PE
|
$201.62 Million |
|
Websol Energy System Limited
NSE:WEBELSOLAR
|
$201.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KINX Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 167,536,891,450 to 189,247,721,510, a change of 21,710,830,060 (13.0%).
- Net income of 18,070,626,010 contributed positively to equity growth.
- Dividend payments of 2,902,102,200 reduced retained earnings.
- Share repurchases of 23,214,700 reduced equity.
- Other factors increased equity by 6,565,520,950.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩18.07 Billion | +9.55% |
| Dividends Paid | ₩2.90 Billion | -1.53% |
| Share Repurchases | ₩23.21 Million | -0.01% |
| Other Changes | ₩6.57 Billion | +3.47% |
| Total Change | ₩- | 12.96% |
Book Value vs Market Value Analysis
This analysis compares KINX 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: 2.59x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.04x to 2.59x 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 | ₩11215.28 | ₩101400.00 | x |
| 2017-12-31 | ₩12402.41 | ₩101400.00 | x |
| 2018-12-31 | ₩14902.02 | ₩101400.00 | x |
| 2019-12-31 | ₩17842.62 | ₩101400.00 | x |
| 2020-12-31 | ₩22417.20 | ₩101400.00 | x |
| 2021-12-31 | ₩25579.41 | ₩101400.00 | x |
| 2022-12-31 | ₩30110.59 | ₩101400.00 | x |
| 2023-12-31 | ₩34637.70 | ₩101400.00 | x |
| 2024-12-31 | ₩39126.34 | ₩101400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KINX 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): 9.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.01%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.78x
- Recent ROE (9.55%) is below the historical average (13.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 13.43% | 20.17% | 0.62x | 1.07x | ₩1.04 Billion |
| 2012 | 11.75% | 14.69% | 0.74x | 1.08x | ₩596.05 Million |
| 2013 | 12.24% | 15.61% | 0.72x | 1.09x | ₩873.56 Million |
| 2014 | 12.89% | 15.45% | 0.76x | 1.09x | ₩1.26 Billion |
| 2015 | 9.49% | 10.81% | 0.80x | 1.09x | ₩-242.54 Million |
| 2016 | 10.83% | 13.05% | 0.73x | 1.13x | ₩442.58 Million |
| 2017 | 11.39% | 13.66% | 0.72x | 1.15x | ₩789.01 Million |
| 2018 | 17.91% | 21.68% | 0.73x | 1.13x | ₩5.39 Billion |
| 2019 | 18.44% | 23.28% | 0.62x | 1.29x | ₩6.89 Billion |
| 2020 | 13.65% | 21.17% | 0.49x | 1.31x | ₩3.99 Billion |
| 2021 | 12.72% | 18.78% | 0.51x | 1.34x | ₩3.39 Billion |
| 2022 | 17.51% | 22.99% | 0.56x | 1.36x | ₩10.93 Billion |
| 2023 | 14.74% | 20.12% | 0.48x | 1.52x | ₩7.94 Billion |
| 2024 | 9.55% | 13.01% | 0.41x | 1.78x | ₩-854.15 Million |
Industry Comparison
This section compares KINX Inc'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 |
|---|---|---|---|---|
| KINX Inc (093320) | ₩241.72 Billion | 13.43% | 0.39x | $201.64 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 |