Wemade Co.Ltd
Wemade Co.,Ltd. develops and publishes mobile and online games worldwide. It also engages in the licensing of intellectual property rights. The company was founded in 2000 and is based in Seongnam, South Korea.
Wemade Co.Ltd (112040) - Net Assets
Latest net assets as of September 2025: ₩858.43 Billion KRW
Based on the latest financial reports, Wemade Co.Ltd (112040) has net assets worth ₩858.43 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 (₩1.75 Trillion) and total liabilities (₩888.49 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 | ₩858.43 Billion |
| % of Total Assets | 49.14% |
| Annual Growth Rate | 7.12% |
| 5-Year Change | 231.71% |
| 10-Year Change | 131.47% |
| Growth Volatility | 48.62 |
Wemade Co.Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Wemade 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 Wemade Co.Ltd (2010–2024)
The table below shows the annual net assets of Wemade Co.Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩831.90 Billion | +100.37% |
| 2023-12-31 | ₩415.17 Billion | +9.78% |
| 2022-12-31 | ₩378.17 Billion | -39.27% |
| 2021-12-31 | ₩622.75 Billion | +148.32% |
| 2020-12-31 | ₩250.79 Billion | +5.81% |
| 2019-12-31 | ₩237.02 Billion | -8.69% |
| 2018-12-31 | ₩259.58 Billion | -12.32% |
| 2017-12-31 | ₩296.06 Billion | +0.73% |
| 2016-12-31 | ₩293.91 Billion | -18.22% |
| 2015-12-31 | ₩359.39 Billion | -23.24% |
| 2014-12-31 | ₩468.20 Billion | +36.09% |
| 2013-12-31 | ₩344.04 Billion | +1.52% |
| 2012-12-31 | ₩338.89 Billion | +2.53% |
| 2011-12-31 | ₩330.54 Billion | +4.10% |
| 2010-12-31 | ₩317.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wemade 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 1490.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩202.68 Billion | 47.20% |
| Common Stock | ₩17.25 Billion | 4.02% |
| Other Components | ₩209.45 Billion | 48.78% |
| Total Equity | ₩429.38 Billion | 100.00% |
Wemade Co.Ltd Competitors by Market Cap
The table below lists competitors of Wemade Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Five Point Holdings LLC
NYSE:FPH
|
$282.96 Million |
|
Cre8 Direct Ningbo Co Ltd
SHE:300703
|
$282.96 Million |
|
Flughafen Wien Aktiengesellschaft
PINK:FGWLF
|
$283.03 Million |
|
Bumble Inc
NASDAQ:BMBL
|
$283.04 Million |
|
Eupraxia Pharmaceuticals Inc. Common Stock
NASDAQ:EPRX
|
$282.93 Million |
|
Plan B Media Public Company Limited
BK:PLANB-R
|
$282.66 Million |
|
Value Partners Group Ltd
PINK:VPGLF
|
$282.55 Million |
|
Siglent Technologies Co Ltd
SHG:688112
|
$282.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wemade Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 263,176,436,920 to 429,380,239,310, a change of 166,203,802,390 (63.2%).
- Net income of 188,419,075,520 contributed positively to equity growth.
- Dividend payments of 60,345,330 reduced retained earnings.
- Share repurchases of 9,059,133,640 reduced equity.
- Other factors decreased equity by 13,095,794,160.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩188.42 Billion | +43.88% |
| Dividends Paid | ₩60.35 Million | -0.01% |
| Share Repurchases | ₩9.06 Billion | -2.11% |
| Other Changes | ₩-13.10 Billion | -3.05% |
| Total Change | ₩- | 63.15% |
Book Value vs Market Value Analysis
This analysis compares Wemade 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: 1.78x
- 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 2.56x to 1.78x 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 | ₩8850.90 | ₩22700.00 | x |
| 2017-12-31 | ₩8898.84 | ₩22700.00 | x |
| 2018-12-31 | ₩7914.19 | ₩22700.00 | x |
| 2019-12-31 | ₩7225.84 | ₩22700.00 | x |
| 2020-12-31 | ₩7643.15 | ₩22700.00 | x |
| 2021-12-31 | ₩18882.79 | ₩22700.00 | x |
| 2022-12-31 | ₩11305.62 | ₩22700.00 | x |
| 2023-12-31 | ₩7866.45 | ₩22700.00 | x |
| 2024-12-31 | ₩12773.43 | ₩22700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wemade 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): 43.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.47%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 4.37x
- Recent ROE (43.88%) is above the historical average (-3.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 52.56% | 130.20% | 0.30x | 1.35x | ₩171.51 Billion |
| 2015 | -29.87% | -84.80% | 0.26x | 1.37x | ₩-143.28 Billion |
| 2016 | -24.14% | -65.71% | 0.27x | 1.37x | ₩-100.35 Billion |
| 2017 | 3.29% | 8.89% | 0.24x | 1.53x | ₩-19.87 Billion |
| 2018 | -5.10% | -10.41% | 0.36x | 1.35x | ₩-39.19 Billion |
| 2019 | -4.22% | -8.80% | 0.38x | 1.25x | ₩-33.71 Billion |
| 2020 | -2.92% | -5.80% | 0.39x | 1.29x | ₩-32.40 Billion |
| 2021 | 49.25% | 91.55% | 0.33x | 1.65x | ₩244.42 Billion |
| 2022 | -49.03% | -40.01% | 0.32x | 3.78x | ₩-223.24 Billion |
| 2023 | -76.17% | -33.12% | 0.42x | 5.44x | ₩-226.77 Billion |
| 2024 | 43.88% | 26.47% | 0.38x | 4.37x | ₩145.48 Billion |
Industry Comparison
This section compares Wemade 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 |
|---|---|---|---|---|
| Wemade Co.Ltd (112040) | ₩858.43 Billion | 52.56% | 1.04x | $282.96 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 |