Secuve Co. Ltd (131090) - Net Assets
Based on the latest financial reports, Secuve Co. Ltd (131090) has net assets worth ₩46.41 Billion KRW (≈ $31.45 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 (₩49.29 Billion ≈ $33.40 Million USD) and total liabilities (₩2.88 Billion ≈ $1.95 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 Secuve Co. Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩46.41 Billion |
| % of Total Assets | 94.16% |
| Annual Growth Rate | 7.07% |
| 5-Year Change | 36.82% |
| 10-Year Change | 119.94% |
| Growth Volatility | 4.54 |
Secuve Co. Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Secuve Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Secuve Co. Ltd (131090) total assets for the complete picture of this company's asset base.
Annual Net Assets for Secuve Co. Ltd (2012–2024)
The table below shows the annual net assets of Secuve Co. Ltd from 2012 to 2024. For live valuation and market cap data, see 131090 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩45.90 Billion ≈ $31.10 Million |
+2.35% |
| 2023-12-31 | ₩44.85 Billion ≈ $30.39 Million |
+7.38% |
| 2022-12-31 | ₩41.76 Billion ≈ $28.30 Million |
+10.23% |
| 2021-12-31 | ₩37.89 Billion ≈ $25.68 Million |
+12.94% |
| 2020-12-31 | ₩33.55 Billion ≈ $22.73 Million |
+6.21% |
| 2019-12-31 | ₩31.58 Billion ≈ $21.40 Million |
+18.00% |
| 2018-12-31 | ₩26.77 Billion ≈ $18.14 Million |
+9.30% |
| 2017-12-31 | ₩24.49 Billion ≈ $16.60 Million |
+11.55% |
| 2016-12-31 | ₩21.95 Billion ≈ $14.88 Million |
+5.20% |
| 2015-12-31 | ₩20.87 Billion ≈ $14.14 Million |
+3.15% |
| 2012-12-31 | ₩20.23 Billion ≈ $13.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Secuve 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 229.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩40.42 Billion | 88.07% |
| Other Components | ₩5.47 Billion | 11.93% |
| Total Equity | ₩45.90 Billion | 100.00% |
Secuve Co. Ltd Competitors by Market Cap
The table below lists competitors of Secuve Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blue Star Helium Ltd
AU:BNL
|
$21.78 Million |
|
Moong Pattana International Public Company Limited
BK:MOONG
|
$21.78 Million |
|
Pulsenmore Ltd. Ordinary Shares
NASDAQ:PLSM
|
$21.78 Million |
|
Karya Bersama Anugerah Pt
JK:KBAG
|
$21.79 Million |
|
Ausom Enterprise Limited
NSE:AUSOMENT
|
$21.77 Million |
|
Diamond Citra Propertindo PT
JK:DADA
|
$21.77 Million |
|
Repower Asia Indonesia PT
JK:REAL
|
$21.77 Million |
|
Associated Industries China Inc
TW:9912
|
$21.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Secuve Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 44,845,315,330 to 45,897,760,140, a change of 1,052,444,810 (2.3%).
- Net income of 3,027,423,440 contributed positively to equity growth.
- Dividend payments of 985,293,330 reduced retained earnings.
- Share repurchases of 989,685,300 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.03 Billion | +6.6% |
| Dividends Paid | ₩985.29 Million | -2.15% |
| Share Repurchases | ₩989.69 Million | -2.16% |
| Total Change | ₩- | 2.35% |
Book Value vs Market Value Analysis
This analysis compares Secuve 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: 0.70x
- 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 7.85x to 0.70x 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 | ₩535.00 | ₩4200.00 | x |
| 2017-12-31 | ₩596.81 | ₩4200.00 | x |
| 2018-12-31 | ₩652.39 | ₩4200.00 | x |
| 2019-12-31 | ₩769.88 | ₩4200.00 | x |
| 2020-12-31 | ₩817.77 | ₩4200.00 | x |
| 2021-12-31 | ₩923.72 | ₩4200.00 | x |
| 2022-12-31 | ₩1018.34 | ₩4200.00 | x |
| 2023-12-31 | ₩5689.34 | ₩4200.00 | x |
| 2024-12-31 | ₩5997.14 | ₩4200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Secuve 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): 6.60%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.07%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.06x
- Recent ROE (6.60%) is below the historical average (10.56%), 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 | 15.86% | 15.68% | 0.67x | 1.50x | ₩1.19 Billion |
| 2015 | 3.68% | 3.91% | 0.70x | 1.34x | ₩-1.32 Billion |
| 2016 | 6.73% | 6.94% | 0.72x | 1.35x | ₩-718.61 Million |
| 2017 | 12.59% | 14.16% | 0.66x | 1.35x | ₩634.11 Million |
| 2018 | 9.63% | 14.00% | 0.56x | 1.22x | ₩-98.24 Million |
| 2019 | 16.24% | 24.82% | 0.55x | 1.18x | ₩1.97 Billion |
| 2020 | 7.54% | 17.20% | 0.39x | 1.12x | ₩-823.83 Million |
| 2021 | 12.83% | 36.82% | 0.32x | 1.09x | ₩1.07 Billion |
| 2022 | 11.56% | 35.22% | 0.29x | 1.12x | ₩649.68 Million |
| 2023 | 12.90% | 40.06% | 0.30x | 1.09x | ₩1.30 Billion |
| 2024 | 6.60% | 25.07% | 0.25x | 1.06x | ₩-1.56 Billion |
Industry Comparison
This section compares Secuve Co. Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $131,937,910,430
- Average return on equity (ROE) among peers: 6.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Secuve Co. Ltd (131090) | ₩46.41 Billion | 15.86% | 0.06x | $21.78 Million |
| Kginicis Co.Ltd (035600) | $358.53 Billion | 13.42% | 2.99x | $206.55 Million |
| Nice Information & Telecommunication Inc (036800) | $230.05 Billion | 13.09% | 1.79x | $166.06 Million |
| Cafe24 Corp (042000) | $8.78 Billion | -14.49% | 4.23x | $411.27 Million |
| AhnLab Inc (053800) | $140.72 Billion | 9.98% | 0.31x | $407.95 Million |
| NHN KCP Corp (060250) | $223.62 Billion | 15.78% | 1.33x | $502.25 Million |
| Danal Co. Ltd (064260) | $84.32 Billion | 3.53% | 2.39x | $331.79 Million |
| nTels Co. Ltd (069410) | $49.08 Billion | 15.01% | 0.23x | $31.62 Million |
| Plantynet Co. Ltd (075130) | $67.24 Billion | -2.32% | 0.36x | $26.41 Million |
| FASOO.COM Co Ltd (150900) | $25.10 Billion | 8.68% | 0.31x | $43.41 Million |
About Secuve Co. Ltd
Secuve Co., Ltd. provides information security solutions primarily in South Korea. It offers iGRIFFIN, an integrated account authority management technology; LogGRIFFIN, a real-time tamper-proof log storage technology; DuoGRIFFIN, a domain separation-based information leak prevention technology; CERTl, a technology to prevent illegal copying and leakage of public certificates; T/Q in Z, a mobile … Read more