NEORIGIN Co. Ltd (094860) - 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. Check 094860 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore NEORIGIN Co. Ltd assets under control for the complete picture of this company's asset base.
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 valuation and market cap data, 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.
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 |
|---|---|
|
Black Hawk Acquisition Corporation
NASDAQ:BKHA
|
$48.10 Million |
|
Computacenter PLC
LSE:CCC
|
$48.11 Million |
|
LSI Software S.A.
WAR:LSI
|
$48.13 Million |
|
Croda International PLC
LSE:CRDA
|
$48.13 Million |
|
Spuntech
TA:SPNTC
|
$48.07 Million |
|
Turism Felix B
RO:TUFE
|
$48.05 Million |
|
Pasupati Acrylon Limited
NSE:PASUPTAC
|
$48.04 Million |
|
PEH Wertpapier AG
F:PEH
|
$48.03 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: 1.05x
- 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 8.08x to 1.05x 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 | ₩1489.00 | x |
| 2017-12-31 | ₩212.39 | ₩1489.00 | x |
| 2018-12-31 | ₩172.14 | ₩1489.00 | x |
| 2019-12-31 | ₩148.63 | ₩1489.00 | x |
| 2020-12-31 | ₩131.75 | ₩1489.00 | x |
| 2021-12-31 | ₩422.71 | ₩1489.00 | x |
| 2022-12-31 | ₩372.07 | ₩1489.00 | x |
| 2023-12-31 | ₩1581.28 | ₩1489.00 | x |
| 2024-12-31 | ₩1417.25 | ₩1489.00 | 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: $52,630,877,645
- Average return on equity (ROE) among peers: 3.31%
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 | $48.09 Million |
| Daishin Information & Communications Co.Ltd (020180) | $28.59 Billion | -0.17% | 1.98x | $32.06 Million |
| PLAYWITH Inc (023770) | $13.65 Billion | 0.00% | 1.50x | $7.73 Million |
| Hancom Inc (030520) | $151.60 Billion | 15.84% | 0.41x | $300.10 Million |
| UBcare. Co. Ltd (032620) | $43.84 Billion | 0.00% | 0.25x | $140.04 Million |
| Softcen Co. Ltd (032680) | $9.15 Billion | 11.19% | 0.68x | $5.97 Million |
| InfoBank Corporation (039290) | $52.41 Billion | 1.60% | 0.39x | $26.52 Million |
| Korea Business News Co. Ltd (039340) | $121.90 Billion | 12.32% | 0.20x | $72.70 Million |
| CUROCOM Co. Ltd (040350) | $51.56 Billion | 0.00% | 0.20x | $54.20 Million |
| Polaris Office Corp (041020) | $37.38 Billion | -26.28% | 0.15x | $125.79 Million |
| Total Soft Bank Ltd (045340) | $16.22 Billion | 18.58% | 0.65x | $38.66 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