NEORIGIN Co. Ltd
NEORIGIN Co., Ltd. provides network security solutions for public and educational institutes in Korea and internationally. The company offers security solutions, including TESS TMS and TESS TMS V6.0, which are cyber threat management systems; TESS AIRTMS, a wireless intrusion prevention system; and TESS TMX, a threat management system for measurement and overall management. It also provides secur… Read more
NEORIGIN Co. Ltd (094860) - Net Assets
Latest net assets as of September 2025: ₩29.31 Billion KRW
Based on the latest financial reports, NEORIGIN Co. Ltd (094860) has net assets worth ₩29.31 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 (₩41.77 Billion) and total liabilities (₩12.46 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 | ₩29.31 Billion |
| % of Total Assets | 70.18% |
| Annual Growth Rate | 2.09% |
| 5-Year Change | 216.02% |
| 10-Year Change | 176.27% |
| Growth Volatility | 102.49 |
NEORIGIN Co. Ltd - Net Assets Trend (2010–2024)
This chart illustrates how NEORIGIN 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 NEORIGIN Co. Ltd (2010–2024)
The table below shows the annual net assets of NEORIGIN Co. Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩30.31 Billion | -8.21% |
| 2023-12-31 | ₩33.02 Billion | -15.03% |
| 2022-12-31 | ₩38.86 Billion | -7.88% |
| 2021-12-31 | ₩42.18 Billion | +339.82% |
| 2020-12-31 | ₩9.59 Billion | -11.35% |
| 2019-12-31 | ₩10.82 Billion | -8.24% |
| 2018-12-31 | ₩11.79 Billion | -18.95% |
| 2017-12-31 | ₩14.55 Billion | +23.17% |
| 2016-12-31 | ₩11.81 Billion | +7.65% |
| 2015-12-31 | ₩10.97 Billion | -63.96% |
| 2011-12-31 | ₩30.44 Billion | +34.12% |
| 2010-12-31 | ₩22.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to NEORIGIN 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 394814031000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩279.74 Million | 0.92% |
| Common Stock | ₩10.70 Billion | 35.31% |
| Other Components | ₩19.33 Billion | 63.77% |
| Total Equity | ₩30.31 Billion | 100.00% |
NEORIGIN Co. Ltd Competitors by Market Cap
The table below lists competitors of NEORIGIN Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
H-FARM SPA
F:5JQ
|
$25.01 Million |
|
Maniker
KO:027740
|
$25.01 Million |
|
CTK Co. Ltd
KQ:260930
|
$25.01 Million |
|
LEMON Co. Ltd
KQ:294140
|
$25.01 Million |
|
Laboratorios Richmond SACIF
BA:RICH
|
$24.99 Million |
|
NextCure Inc
NASDAQ:NXTC
|
$24.99 Million |
|
Kora Saude Participacoes SA
SA:KRSA3
|
$24.99 Million |
|
Edisun Power Europe AG
SW:ESUN
|
$24.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NEORIGIN Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 33,016,807,030 to 30,306,619,690, a change of -2,710,187,340 (-8.2%).
- Net loss of 5,265,814,720 reduced equity.
- Share repurchases of 991,004,920 reduced equity.
- New share issuances of 997,154,320 increased equity.
- Other factors increased equity by 2,549,477,980.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-5.27 Billion | -17.38% |
| Share Repurchases | ₩991.00 Million | -3.27% |
| Share Issuances | ₩997.15 Million | +3.29% |
| Other Changes | ₩2.55 Billion | +8.41% |
| Total Change | ₩- | -8.21% |
Book Value vs Market Value Analysis
This analysis compares NEORIGIN 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: 0.93x
- 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 7.18x 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 | ₩184.27 | ₩1323.00 | x |
| 2017-12-31 | ₩212.39 | ₩1323.00 | x |
| 2018-12-31 | ₩172.14 | ₩1323.00 | x |
| 2019-12-31 | ₩148.63 | ₩1323.00 | x |
| 2020-12-31 | ₩131.75 | ₩1323.00 | x |
| 2021-12-31 | ₩422.71 | ₩1323.00 | x |
| 2022-12-31 | ₩372.07 | ₩1323.00 | x |
| 2023-12-31 | ₩1581.28 | ₩1323.00 | x |
| 2024-12-31 | ₩1417.25 | ₩1323.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NEORIGIN 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): -17.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.00%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.47x
- Recent ROE (-17.38%) is below the historical average (-13.61%), 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 | -18.80% | -14.55% | 0.77x | 1.67x | ₩-5.83 Billion |
| 2011 | 3.04% | 1.56% | 0.85x | 2.29x | ₩-1.54 Billion |
| 2015 | -30.79% | -27.21% | 0.80x | 1.41x | ₩-4.47 Billion |
| 2016 | 5.71% | 6.33% | 0.68x | 1.32x | ₩-506.36 Million |
| 2017 | 1.14% | 1.79% | 0.52x | 1.22x | ₩-1.29 Billion |
| 2018 | -32.07% | -41.72% | 0.62x | 1.25x | ₩-4.96 Billion |
| 2019 | -25.20% | -24.19% | 0.80x | 1.30x | ₩-3.81 Billion |
| 2020 | -18.78% | -19.01% | 0.83x | 1.19x | ₩-2.76 Billion |
| 2021 | -4.83% | -9.86% | 0.39x | 1.24x | ₩-6.25 Billion |
| 2022 | -6.24% | -9.30% | 0.54x | 1.24x | ₩-6.31 Billion |
| 2023 | -19.07% | -24.68% | 0.57x | 1.35x | ₩-9.60 Billion |
| 2024 | -17.38% | -15.00% | 0.79x | 1.47x | ₩-8.30 Billion |
Industry Comparison
This section compares NEORIGIN Co. Ltd'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 |
|---|---|---|---|---|
| NEORIGIN Co. Ltd (094860) | ₩29.31 Billion | -18.80% | 0.42x | $25.00 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 |