Itcen Co. Ltd (124500) - Net Assets
Based on the latest financial reports, Itcen Co. Ltd (124500) has net assets worth ₩401.85 Billion KRW (≈ $272.33 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 (₩1.25 Trillion ≈ $848.75 Million USD) and total liabilities (₩850.59 Billion ≈ $576.43 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 Itcen Co. Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩401.85 Billion |
| % of Total Assets | 32.09% |
| Annual Growth Rate | 3.81% |
| 5-Year Change | 38.2% |
| 10-Year Change | 236.68% |
| Growth Volatility | 138.56 |
Itcen Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Itcen Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Itcen Co. Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Itcen Co. Ltd (2014–2024)
The table below shows the annual net assets of Itcen Co. Ltd from 2014 to 2024. For live valuation and market cap data, see Itcen Co. Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩77.92 Billion ≈ $52.81 Million |
-72.60% |
| 2023-12-31 | ₩284.41 Billion ≈ $192.74 Million |
+432.83% |
| 2022-12-31 | ₩53.38 Billion ≈ $36.17 Million |
-6.68% |
| 2021-12-31 | ₩57.20 Billion ≈ $38.76 Million |
+1.45% |
| 2020-12-31 | ₩56.38 Billion ≈ $38.21 Million |
+85.01% |
| 2019-12-31 | ₩30.48 Billion ≈ $20.65 Million |
-6.24% |
| 2018-12-31 | ₩32.50 Billion ≈ $22.03 Million |
-8.20% |
| 2017-12-31 | ₩35.41 Billion ≈ $23.99 Million |
+87.07% |
| 2016-12-31 | ₩18.93 Billion ≈ $12.83 Million |
-18.22% |
| 2015-12-31 | ₩23.14 Billion ≈ $15.68 Million |
-56.83% |
| 2014-12-31 | ₩53.61 Billion ≈ $36.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Itcen 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 5945.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩8.85 Billion | 11.36% |
| Common Stock | ₩11.60 Billion | 14.89% |
| Other Components | ₩57.47 Billion | 73.75% |
| Total Equity | ₩77.92 Billion | 100.00% |
Itcen Co. Ltd Competitors by Market Cap
The table below lists competitors of Itcen Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Treasure ASA
OL:TRE
|
$850.94 Million |
|
Yijiahe Technology Co Ltd
SHG:603666
|
$851.14 Million |
|
Artis Real Estate Investment Trust
TO:AX-UN
|
$851.22 Million |
|
Omeros Corporation
NASDAQ:OMER
|
$851.51 Million |
|
Xuchang Yuandong Drive Shaft Co Ltd
SHE:002406
|
$850.56 Million |
|
Guangdong Mingzhu Group Co Ltd
SHG:600382
|
$850.51 Million |
|
China Television Media Ltd
SHG:600088
|
$850.26 Million |
|
FARO Technologies Inc
NASDAQ:FARO
|
$849.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Itcen Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 68,981,758,530 to 77,920,184,580, a change of 8,938,426,050 (13.0%).
- Net income of 4,254,566,050 contributed positively to equity growth.
- Dividend payments of 700,000,000 reduced retained earnings.
- Share repurchases of 38,875,000 reduced equity.
- New share issuances of 38,875,000 increased equity.
- Other factors increased equity by 5,383,860,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩4.25 Billion | +5.46% |
| Dividends Paid | ₩700.00 Million | -0.9% |
| Share Repurchases | ₩38.88 Million | -0.05% |
| Share Issuances | ₩38.88 Million | +0.05% |
| Other Changes | ₩5.38 Billion | +6.91% |
| Total Change | ₩- | 12.96% |
Book Value vs Market Value Analysis
This analysis compares Itcen 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: 16.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 31.11x to 16.11x 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 | ₩1739.06 | ₩54100.00 | x |
| 2017-12-31 | ₩2317.46 | ₩54100.00 | x |
| 2018-12-31 | ₩2070.17 | ₩54100.00 | x |
| 2019-12-31 | ₩1882.24 | ₩54100.00 | x |
| 2020-12-31 | ₩2832.23 | ₩54100.00 | x |
| 2021-12-31 | ₩2873.36 | ₩54100.00 | x |
| 2022-12-31 | ₩2681.28 | ₩54100.00 | x |
| 2023-12-31 | ₩3363.04 | ₩54100.00 | x |
| 2024-12-31 | ₩3357.97 | ₩54100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Itcen 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): 5.46%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.09%
- • Asset Turnover: 5.25x
- • Equity Multiplier: 12.13x
- Recent ROE (5.46%) is above the historical average (-4.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 9.05% | 1.13% | 1.85x | 4.34x | ₩-282.46 Million |
| 2015 | -29.97% | -4.29% | 1.22x | 5.75x | ₩-9.25 Billion |
| 2016 | -35.72% | -2.47% | 1.73x | 8.36x | ₩-8.65 Billion |
| 2017 | 2.80% | 0.32% | 1.81x | 4.86x | ₩-2.55 Billion |
| 2018 | -0.91% | -0.05% | 1.36x | 12.41x | ₩-3.55 Billion |
| 2019 | 1.09% | 0.02% | 3.93x | 12.89x | ₩-2.71 Billion |
| 2020 | 10.85% | 0.27% | 4.20x | 9.61x | ₩478.66 Million |
| 2021 | -12.56% | -0.22% | 4.78x | 12.01x | ₩-12.90 Billion |
| 2022 | 3.18% | 0.06% | 3.16x | 15.56x | ₩-3.64 Billion |
| 2023 | 0.94% | 0.02% | 3.62x | 11.27x | ₩-6.25 Billion |
| 2024 | 5.46% | 0.09% | 5.25x | 12.13x | ₩-3.54 Billion |
Industry Comparison
This section compares Itcen Co. Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,003,645,084,906
- Average return on equity (ROE) among peers: -2.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Itcen Co. Ltd (124500) | ₩401.85 Billion | 9.05% | 2.12x | $850.74 Million |
| CItech Co Ltd (004920) | $47.82 Billion | -13.20% | 0.66x | $41.29 Million |
| Ssangyong Information & Communications Corp (010280) | $39.36 Billion | 11.62% | 1.60x | $262.15 Million |
| DB INC (012030) | $110.25 Billion | -112.95% | 2.32x | $260.21 Million |
| Samsung SDS Co Ltd (018260) | $8.47 Trillion | 12.99% | 0.41x | $8.71 Billion |
| Daou Tech (023590) | $591.90 Billion | 13.31% | 1.85x | $1.36 Billion |
| Daou Data Corp (032190) | $435.38 Billion | 7.59% | 43.43x | $598.27 Million |
| Shinsegae I&C (035510) | $192.27 Billion | 15.22% | 0.59x | $187.97 Million |
| WIZ CORP Inc (038620) | $40.73 Billion | 3.61% | 0.13x | $24.55 Million |
| KL-Net Corp (039420) | $44.40 Billion | 13.39% | 0.19x | $42.44 Million |
| Leenos Corp (039980) | $67.37 Billion | 22.67% | 0.47x | $453.43 Million |
About Itcen Co. Ltd
ITCENGLOBAL CO., Ltd. engages in the provision of consulting, ICT, and outsourcing services and solutions in South Korea. It offers rental; wholesale and retail of gold and other precious metals; and Cloud, AI, IT Consulting, and Implementation. In addition, the company provides IT services for the public, financial, education, and enterprise sectors. The company was formerly known as Itcen Co., … Read more