Very Good Tour Co. Ltd (094850) - Net Assets
Based on the latest financial reports, Very Good Tour Co. Ltd (094850) has net assets worth ₩99.11 Billion KRW (≈ $67.17 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩170.92 Billion ≈ $115.83 Million USD) and total liabilities (₩71.81 Billion ≈ $48.66 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 how tangible is Very Good Tour Co. Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩99.11 Billion |
| % of Total Assets | 57.99% |
| Annual Growth Rate | 5.43% |
| 5-Year Change | 9.83% |
| 10-Year Change | 56.81% |
| Growth Volatility | 9.43 |
Very Good Tour Co. Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Very Good Tour Co. Ltd's net assets have evolved over time, based on quarterly financial data. See 094850 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Very Good Tour Co. Ltd (2014–2025)
The table below shows the annual net assets of Very Good Tour Co. Ltd from 2014 to 2025. For live valuation and market cap data, see market value of Very Good Tour Co. Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩99.11 Billion ≈ $67.17 Million |
+14.86% |
| 2024-12-31 | ₩86.29 Billion ≈ $58.48 Million |
+2.09% |
| 2023-12-31 | ₩84.53 Billion ≈ $57.28 Million |
+9.77% |
| 2022-12-31 | ₩77.01 Billion ≈ $52.19 Million |
-14.67% |
| 2021-12-31 | ₩90.24 Billion ≈ $61.16 Million |
-4.44% |
| 2020-12-31 | ₩94.44 Billion ≈ $64.00 Million |
-2.34% |
| 2019-12-31 | ₩96.70 Billion ≈ $65.53 Million |
+16.19% |
| 2018-12-31 | ₩83.23 Billion ≈ $56.40 Million |
+13.54% |
| 2017-12-31 | ₩73.30 Billion ≈ $49.68 Million |
+15.97% |
| 2016-12-31 | ₩63.21 Billion ≈ $42.83 Million |
+8.06% |
| 2015-12-31 | ₩58.49 Billion ≈ $39.64 Million |
+5.64% |
| 2014-12-31 | ₩55.37 Billion ≈ $37.52 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Very Good Tour 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 grown by 255.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩51.52 Billion | 51.98% |
| Other Components | ₩47.60 Billion | 48.02% |
| Total Equity | ₩99.11 Billion | 100.00% |
Very Good Tour Co. Ltd Competitors by Market Cap
The table below lists competitors of Very Good Tour Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dogwood Therapeutics, Inc.
NASDAQ:DWTX
|
$44.59 Million |
|
Pikko Land Development Tbk
JK:RODA
|
$44.60 Million |
|
Awilco LNG ASA
OL:ALNG
|
$44.63 Million |
|
ALPINA HOLDINGS
F:B0M
|
$44.66 Million |
|
Plastiques du Val de Loire
PA:PVL
|
$44.58 Million |
|
Gamehaus Holdings Inc. Class A Ordinary Shares
NASDAQ:GMHS
|
$44.57 Million |
|
Vraj Iron and Steel Ltd
NSE:VRAJ
|
$44.55 Million |
|
TPXIMPACT HOLDINGS LS-01
F:9L7
|
$44.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Very Good Tour Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 86,292,445,400 to 99,111,447,460, a change of 12,819,002,060 (14.9%).
- Net income of 10,838,435,980 contributed positively to equity growth.
- New share issuances of 401,760,000 increased equity.
- Other factors increased equity by 1,578,806,080.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩10.84 Billion | +10.94% |
| Share Issuances | ₩401.76 Million | +0.41% |
| Other Changes | ₩1.58 Billion | +1.59% |
| Total Change | ₩- | 14.86% |
Book Value vs Market Value Analysis
This analysis compares Very Good Tour 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: 0.65x
- 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 1.03x to 0.65x 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 | ₩4596.77 | ₩4750.00 | x |
| 2017-12-31 | ₩5331.08 | ₩4750.00 | x |
| 2018-12-31 | ₩6053.13 | ₩4750.00 | x |
| 2019-12-31 | ₩7326.01 | ₩4750.00 | x |
| 2020-12-31 | ₩7154.33 | ₩4750.00 | x |
| 2021-12-31 | ₩6831.86 | ₩4750.00 | x |
| 2022-12-31 | ₩5829.79 | ₩4750.00 | x |
| 2023-12-31 | ₩6318.90 | ₩4750.00 | x |
| 2024-12-31 | ₩6443.19 | ₩4750.00 | x |
| 2025-12-31 | ₩7360.77 | ₩4750.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Very Good Tour 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): 10.94%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.76%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.72x
- Recent ROE (10.94%) is above the historical average (5.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 6.09% | 4.46% | 0.76x | 1.79x | ₩-2.17 Billion |
| 2015 | 9.86% | 7.29% | 0.70x | 1.92x | ₩-81.05 Million |
| 2016 | 10.93% | 16.04% | 0.30x | 2.31x | ₩585.32 Million |
| 2017 | 16.60% | 21.53% | 0.39x | 1.97x | ₩4.84 Billion |
| 2018 | 12.30% | 15.74% | 0.42x | 1.84x | ₩1.91 Billion |
| 2019 | 23.67% | 36.88% | 0.43x | 1.51x | ₩13.22 Billion |
| 2020 | -2.23% | -16.62% | 0.13x | 1.05x | ₩-11.54 Billion |
| 2021 | -15.96% | -296.44% | 0.05x | 1.07x | ₩-23.43 Billion |
| 2022 | -15.88% | -89.66% | 0.12x | 1.43x | ₩-19.93 Billion |
| 2023 | 8.53% | 10.50% | 0.48x | 1.70x | ₩-1.24 Billion |
| 2024 | 3.61% | 3.86% | 0.53x | 1.78x | ₩-5.51 Billion |
| 2025 | 10.94% | 11.76% | 0.54x | 1.72x | ₩927.29 Million |
Industry Comparison
This section compares Very Good Tour Co. Ltd's net assets metrics with peer companies in the Hotels & Entertainment Services industry.
Industry Context
- Industry: Hotels & Entertainment Services
- Average net assets among peers: $44,828,127,667
- Average return on equity (ROE) among peers: 6.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Very Good Tour Co. Ltd (094850) | ₩99.11 Billion | 6.09% | 0.72x | $44.58 Million |
| Ananti Inc (025980) | $26.92 Billion | 0.00% | 7.92x | $281.22 Million |
| CHOROKBAEM COMPANY Co. Ltd (052300) | $23.36 Billion | 0.00% | 1.34x | $139.38 Million |
| Modetour Network Inc (080160) | $84.20 Billion | 20.87% | 0.77x | $112.22 Million |
About Very Good Tour Co. Ltd
Very Good Tour Co.,Ltd. provides travel products and tickets in South Korea. The company was formerly known as Very Good Leisure Co., Ltd. and changed its name to Very Good Tour Co.,Ltd. in August 2017. Very Good Tour Co.,Ltd. was founded in 1998 and is based in Seoul, South Korea.