NEORIGIN Co. Ltd Net Assets
NEORIGIN Co. Ltd net assets. Based on the latest financial reports, NEORIGIN Co. Ltd (094860) has net assets worth ₩29.31 Billion KRW (≈ $19.87 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 (₩41.77 Billion ≈ $28.31 Million USD) and total liabilities (₩12.46 Billion ≈ $8.44 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. Also explore NEORIGIN Co. Ltd net asset momentum to track the company's year-over-year net asset growth rate.
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 |
Net Assets of NEORIGIN Co. Ltd (2010–2024)
Net assets of NEORIGIN Co. Ltd from 2010 to 2024. This chart illustrates how NEORIGIN Co. Ltd's net assets have evolved over time, based on quarterly financial data. See 094860 net asset quality index to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see NEORIGIN Co. Ltd (094860) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩30.31 Billion ≈ $20.54 Million |
-8.21% |
| 2023-12-31 | ₩33.02 Billion ≈ $22.38 Million |
-15.03% |
| 2022-12-31 | ₩38.86 Billion ≈ $26.33 Million |
-7.88% |
| 2021-12-31 | ₩42.18 Billion ≈ $28.58 Million |
+339.82% |
| 2020-12-31 | ₩9.59 Billion ≈ $6.50 Million |
-11.35% |
| 2019-12-31 | ₩10.82 Billion ≈ $7.33 Million |
-8.24% |
| 2018-12-31 | ₩11.79 Billion ≈ $7.99 Million |
-18.95% |
| 2017-12-31 | ₩14.55 Billion ≈ $9.86 Million |
+23.17% |
| 2016-12-31 | ₩11.81 Billion ≈ $8.00 Million |
+7.65% |
| 2015-12-31 | ₩10.97 Billion ≈ $7.43 Million |
-63.96% |
| 2011-12-31 | ₩30.44 Billion ≈ $20.63 Million |
+34.12% |
| 2010-12-31 | ₩22.70 Billion ≈ $15.38 Million |
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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.
NEORIGIN Co. Ltd Net Assets Breakdown (December 2024)
NEORIGIN Co. Ltd net assets breakdown by equity component as of 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 |
|---|---|
|
Chia Her Industrial Co Ltd
TW:1449
|
$45.65 Million |
|
Romerike Sparebank
OL:ROMER
|
$45.66 Million |
|
Regional Express Holdings Ltd
AU:REX
|
$45.67 Million |
|
Centara Hotels & Resorts Leasehold Property Fund
BK:CTARAF
|
$45.68 Million |
|
Sentry Select Primary Metals Corp
TO:PME
|
$45.61 Million |
|
Nirvana Daii Public Company Limited
BK:NVD
|
$45.60 Million |
|
Ado Optronics
TWO:3516
|
$45.60 Million |
|
KENERGY
KLSE:0307
|
$45.57 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: 1.00x
- 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 7.67x to 1.00x 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 | ₩1413.00 | x |
| 2017-12-31 | ₩212.39 | ₩1413.00 | x |
| 2018-12-31 | ₩172.14 | ₩1413.00 | x |
| 2019-12-31 | ₩148.63 | ₩1413.00 | x |
| 2020-12-31 | ₩131.75 | ₩1413.00 | x |
| 2021-12-31 | ₩422.71 | ₩1413.00 | x |
| 2022-12-31 | ₩372.07 | ₩1413.00 | x |
| 2023-12-31 | ₩1581.28 | ₩1413.00 | x |
| 2024-12-31 | ₩1417.25 | ₩1413.00 | 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: $59,149,448,794
- Average return on equity (ROE) among peers: -14.59%
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 | $45.63 Million |
| Daishin Information & Communications Co.Ltd (020180) | $28.59 Billion | -0.17% | 1.98x | $95.32 Million |
| PLAYWITH Inc (023770) | $25.93 Billion | -23.11% | 0.68x | $5.19 Million |
| Hancom Inc (030520) | $235.44 Billion | 8.18% | 1.77x | $224.44 Million |
| UBcare. Co. Ltd (032620) | $46.55 Billion | 7.65% | 0.48x | $102.27 Million |
| Softcen Co. Ltd (032680) | $32.08 Billion | 9.37% | 1.13x | $19.08 Million |
| InfoBank Corporation (039290) | $61.17 Billion | 2.36% | 0.46x | $14.98 Million |
| Korea Business News Co. Ltd (039340) | $63.21 Billion | 1.25% | 0.16x | $67.19 Million |
| CUROCOM Co. Ltd (040350) | $32.19 Billion | -36.49% | 0.67x | $179.93 Million |
| Polaris Office Corp (041020) | $61.34 Billion | -37.70% | 0.12x | $65.43 Million |
| Total Soft Bank Ltd (045340) | $4.99 Billion | -77.23% | 1.09x | $34.53 Million |
About 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