NHN Bugs Corp
NHN BUGS Corporation provides digital music service and music distribution through Bucks and SNS music portals in South Korea. The company operates through B2C and B2B Business divisions. It provides Bugs that music in the form of download or streaming through internet sites and mobile devices, such as mobile phones and tablet PCs; and Say Club and Saycast, a social network service business that … Read more
NHN Bugs Corp (104200) - Net Assets
Latest net assets as of September 2025: ₩55.20 Billion KRW
Based on the latest financial reports, NHN Bugs Corp (104200) has net assets worth ₩55.20 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 (₩70.43 Billion) and total liabilities (₩15.23 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 | ₩55.20 Billion |
| % of Total Assets | 78.37% |
| Annual Growth Rate | 2.76% |
| 5-Year Change | -6.93% |
| 10-Year Change | -25.82% |
| Growth Volatility | 34.35 |
NHN Bugs Corp - Net Assets Trend (2011–2024)
This chart illustrates how NHN Bugs Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NHN Bugs Corp (2011–2024)
The table below shows the annual net assets of NHN Bugs Corp from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩56.60 Billion | -17.96% |
| 2023-12-31 | ₩68.99 Billion | -6.57% |
| 2022-12-31 | ₩73.84 Billion | +3.28% |
| 2021-12-31 | ₩71.49 Billion | +17.56% |
| 2020-12-31 | ₩60.81 Billion | -10.06% |
| 2019-12-31 | ₩67.61 Billion | +7.21% |
| 2018-12-31 | ₩63.07 Billion | +0.18% |
| 2017-12-31 | ₩62.95 Billion | -6.73% |
| 2016-12-31 | ₩67.49 Billion | -11.54% |
| 2015-12-31 | ₩76.30 Billion | +111.46% |
| 2012-12-31 | ₩36.08 Billion | -9.18% |
| 2011-12-31 | ₩39.73 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to NHN Bugs Corp'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 2221379122000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩22.21 Billion | 39.25% |
| Other Components | ₩34.38 Billion | 60.75% |
| Total Equity | ₩56.60 Billion | 100.00% |
NHN Bugs Corp Competitors by Market Cap
The table below lists competitors of NHN Bugs Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FBR Limited
OTCQB:FBRKF
|
$21.59 Million |
|
ENM Holdings Limited
PINK:ENMHF
|
$21.59 Million |
|
M.J. International Co Ltd
TW:8466
|
$21.61 Million |
|
Invinity Energy Systems plc
OTCQX:IESVF
|
$21.61 Million |
|
Lokesh Machines Limited
NSE:LOKESHMACH
|
$21.58 Million |
|
Neo-Concept International Group Holdings Limited Ordinary Shares
NASDAQ:NCI
|
$21.57 Million |
|
China HK Power Smart Energy Group Limited
OTCGREY:CHNTF
|
$21.56 Million |
|
Voltaic Minerals Corp
V:VLT
|
$21.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NHN Bugs Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 68,985,905,840 to 56,597,116,220, a change of -12,388,789,620 (-18.0%).
- Net loss of 12,674,134,870 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-12.67 Billion | -22.39% |
| Other Changes | ₩285.35 Million | +0.5% |
| Total Change | ₩- | -17.96% |
Book Value vs Market Value Analysis
This analysis compares NHN Bugs Corp'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: 1.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.11x to 1.30x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩4920.65 | ₩5440.00 | x |
| 2017-12-31 | ₩4589.62 | ₩5440.00 | x |
| 2018-12-31 | ₩4771.80 | ₩5440.00 | x |
| 2019-12-31 | ₩5115.77 | ₩5440.00 | x |
| 2020-12-31 | ₩4856.97 | ₩5440.00 | x |
| 2021-12-31 | ₩5287.61 | ₩5440.00 | x |
| 2022-12-31 | ₩5460.99 | ₩5440.00 | x |
| 2023-12-31 | ₩5102.29 | ₩5440.00 | x |
| 2024-12-31 | ₩4186.00 | ₩5440.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NHN Bugs Corp 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): -22.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.34%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.35x
- Recent ROE (-22.39%) is below the historical average (-3.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -10.07% | -7.21% | 0.94x | 1.49x | ₩-7.24 Billion |
| 2015 | 6.49% | 8.13% | 0.65x | 1.24x | ₩-2.68 Billion |
| 2016 | -5.20% | -4.80% | 0.76x | 1.42x | ₩-10.26 Billion |
| 2017 | -7.54% | -5.11% | 1.02x | 1.45x | ₩-11.04 Billion |
| 2018 | 8.56% | 6.02% | 0.99x | 1.43x | ₩-906.66 Million |
| 2019 | 6.67% | 5.32% | 0.85x | 1.47x | ₩-2.25 Billion |
| 2020 | -6.10% | -5.40% | 0.78x | 1.45x | ₩-9.79 Billion |
| 2021 | -2.10% | -2.31% | 0.71x | 1.28x | ₩-8.65 Billion |
| 2022 | 3.42% | 3.84% | 0.70x | 1.27x | ₩-4.86 Billion |
| 2023 | -7.35% | -8.92% | 0.63x | 1.31x | ₩-11.97 Billion |
| 2024 | -22.39% | -24.34% | 0.68x | 1.35x | ₩-18.33 Billion |
Industry Comparison
This section compares NHN Bugs Corp's net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $149,554,675,594
- Average return on equity (ROE) among peers: 6.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NHN Bugs Corp (104200) | ₩55.20 Billion | -10.07% | 0.28x | $21.58 Million |
| KidariStudio Inc (020120) | $274.62 Billion | -1.03% | 0.38x | $39.04 Million |
| KT Hitel Corporation. Limited (036030) | $201.82 Billion | 3.60% | 0.17x | $42.56 Million |
| YTN Co.Ltd (040300) | $183.49 Billion | 1.86% | 0.70x | $3.53 Million |
| NEOWIZ HOLDINGS Corporation (042420) | $365.75 Billion | 14.15% | 1.01x | $41.81 Million |
| Genie Music Corporation (043610) | $25.03 Billion | 0.00% | 0.92x | $26.06 Million |
| Asia Economy Daily Co Ltd (127710) | $78.52 Billion | 11.58% | 0.64x | $14.80 Million |
| ZUM Internet Corp. (239340) | $32.38 Billion | 16.00% | 0.65x | $12.63 Million |
| Wanted Lab Inc. (376980) | $34.82 Billion | 4.03% | 0.35x | $16.28 Million |