Piolink Inc (170790) - Net Assets
Based on the latest financial reports, Piolink Inc (170790) has net assets worth ₩84.77 Billion KRW (≈ $57.45 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩99.83 Billion ≈ $67.66 Million USD) and total liabilities (₩15.06 Billion ≈ $10.21 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 financial resilience of Piolink Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩84.77 Billion |
| % of Total Assets | 84.91% |
| Annual Growth Rate | 8.51% |
| 5-Year Change | 36.92% |
| 10-Year Change | 131.16% |
| Growth Volatility | 16.1 |
Piolink Inc - Net Assets Trend (2013–2025)
This chart illustrates how Piolink Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Piolink Inc for the complete picture of this company's asset base.
Annual Net Assets for Piolink Inc (2013–2025)
The table below shows the annual net assets of Piolink Inc from 2013 to 2025. For live valuation and market cap data, see Piolink Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩84.77 Billion ≈ $57.45 Million |
+2.41% |
| 2024-12-31 | ₩82.78 Billion ≈ $56.10 Million |
+2.72% |
| 2023-12-31 | ₩80.58 Billion ≈ $54.61 Million |
+11.06% |
| 2022-12-31 | ₩72.56 Billion ≈ $49.17 Million |
+17.20% |
| 2021-12-31 | ₩61.91 Billion ≈ $41.96 Million |
+18.96% |
| 2020-12-31 | ₩52.04 Billion ≈ $35.27 Million |
+34.57% |
| 2019-12-31 | ₩38.67 Billion ≈ $26.21 Million |
+15.60% |
| 2018-12-31 | ₩33.45 Billion ≈ $22.67 Million |
+0.34% |
| 2017-12-31 | ₩33.34 Billion ≈ $22.59 Million |
-9.09% |
| 2016-12-31 | ₩36.67 Billion ≈ $24.85 Million |
-8.67% |
| 2015-12-31 | ₩40.15 Billion ≈ $27.21 Million |
+41.51% |
| 2014-12-31 | ₩28.37 Billion ≈ $19.23 Million |
-10.82% |
| 2013-12-31 | ₩31.82 Billion ≈ $21.56 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Piolink Inc'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 93554.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩56.07 Billion | 66.17% |
| Other Components | ₩28.67 Billion | 33.83% |
| Total Equity | ₩84.74 Billion | 100.00% |
Piolink Inc Competitors by Market Cap
The table below lists competitors of Piolink Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jacques Bogart SA
PA:JBOG
|
$48.83 Million |
|
P&K Skin Research Center Co. Ltd
KQ:347740
|
$48.83 Million |
|
Carlos Casado
BA:CADO
|
$48.84 Million |
|
Riverview Rubber Estates Bhd
KLSE:2542
|
$48.85 Million |
|
Mereo BioPharma Group PLC ADR
NASDAQ:MREO
|
$48.79 Million |
|
Classic Scenic Bhd
KLSE:7202
|
$48.79 Million |
|
Lokotech Group AS
OL:LOKO
|
$48.78 Million |
|
Mirza International Limited
NSE:MIRZAINT
|
$48.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Piolink Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 82,776,402,570 to 84,741,220,870, a change of 1,964,818,300 (2.4%).
- Net income of 7,520,270,640 contributed positively to equity growth.
- Dividend payments of 1,987,328,100 reduced retained earnings.
- Share repurchases of 3,529,004,230 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩7.52 Billion | +8.87% |
| Dividends Paid | ₩1.99 Billion | -2.35% |
| Share Repurchases | ₩3.53 Billion | -4.16% |
| Other Changes | ₩-39.12 Million | -0.05% |
| Total Change | ₩- | 2.37% |
Book Value vs Market Value Analysis
This analysis compares Piolink Inc'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: 0.85x
- 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 2.06x to 0.85x 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 | ₩5524.39 | ₩11380.00 | x |
| 2017-12-31 | ₩5145.08 | ₩11380.00 | x |
| 2018-12-31 | ₩5162.75 | ₩11380.00 | x |
| 2019-12-31 | ₩5968.12 | ₩11380.00 | x |
| 2020-12-31 | ₩8208.30 | ₩11380.00 | x |
| 2021-12-31 | ₩9267.85 | ₩11380.00 | x |
| 2022-12-31 | ₩10862.14 | ₩11380.00 | x |
| 2023-12-31 | ₩12062.99 | ₩11380.00 | x |
| 2024-12-31 | ₩12495.63 | ₩11380.00 | x |
| 2025-12-31 | ₩13391.39 | ₩11380.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Piolink Inc 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): 8.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.46%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.18x
- Recent ROE (8.87%) is above the historical average (7.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.49% | 18.61% | 0.55x | 1.32x | ₩1.11 Billion |
| 2014 | 8.32% | 9.96% | 0.61x | 1.37x | ₩-474.58 Million |
| 2015 | -6.65% | -11.75% | 0.43x | 1.31x | ₩-6.69 Billion |
| 2016 | -4.85% | -4.96% | 0.75x | 1.31x | ₩-5.45 Billion |
| 2017 | -7.34% | -8.32% | 0.66x | 1.34x | ₩-5.78 Billion |
| 2018 | 1.10% | 1.34% | 0.59x | 1.38x | ₩-2.98 Billion |
| 2019 | 14.54% | 16.01% | 0.66x | 1.38x | ₩1.75 Billion |
| 2020 | 20.51% | 26.80% | 0.56x | 1.36x | ₩5.47 Billion |
| 2021 | 18.04% | 20.56% | 0.65x | 1.35x | ₩4.98 Billion |
| 2022 | 16.74% | 19.70% | 0.65x | 1.31x | ₩4.89 Billion |
| 2023 | 13.12% | 17.91% | 0.63x | 1.16x | ₩2.51 Billion |
| 2024 | 6.53% | 9.28% | 0.62x | 1.13x | ₩-2.87 Billion |
| 2025 | 8.87% | 11.46% | 0.66x | 1.18x | ₩-953.85 Million |
Industry Comparison
This section compares Piolink Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $120,939,435,865
- Average return on equity (ROE) among peers: 6.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Piolink Inc (170790) | ₩84.77 Billion | 13.49% | 0.18x | $48.80 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 |
| Secuve Co. Ltd (131090) | $21.95 Billion | 6.73% | 0.35x | $21.78 Million |
| FASOO.COM Co Ltd (150900) | $25.10 Billion | 8.68% | 0.31x | $43.41 Million |
About Piolink Inc
PIOLINK, Inc. provides cloud data center optimization products and solutions in South Korea and internationally. It provides POPCON HCI, a hyper-converged infrastructure; PAS-K/KV/KS, an application transmission controller; PAS-KS for Cloud; GSLB for data center redundancy; WEBFRONT-K and WEBFRONT-KS Cloud, a web application and API protection solution; TiFRONT, a cloud managed network; TiControl… Read more