SGA Solutions Co.Ltd
SGA Solutions Co.,Ltd. develops and supplies software in South Korea. It provides system security solutions, such as RedCastle, AuthCastle, EnterpriseCastle, and AuditCastle; cloud security products, which includes vAegis and cAegis; next generation producyts, such as SentryAIR; and security visualization products, comprising SentryVisual. The company also offers application security products, hi… Read more
SGA Solutions Co.Ltd (184230) - Net Assets
Latest net assets as of September 2025: ₩50.84 Billion KRW
Based on the latest financial reports, SGA Solutions Co.Ltd (184230) has net assets worth ₩50.84 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 (₩101.86 Billion) and total liabilities (₩51.02 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 | ₩50.84 Billion |
| % of Total Assets | 49.91% |
| Annual Growth Rate | 4.13% |
| 5-Year Change | 76.62% |
| 10-Year Change | 39.35% |
| Growth Volatility | 30.57 |
SGA Solutions Co.Ltd - Net Assets Trend (2014–2024)
This chart illustrates how SGA Solutions 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 SGA Solutions Co.Ltd (2014–2024)
The table below shows the annual net assets of SGA Solutions Co.Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩42.84 Billion | -24.93% |
| 2023-12-31 | ₩57.07 Billion | +16.38% |
| 2022-12-31 | ₩49.04 Billion | +34.54% |
| 2021-12-31 | ₩36.45 Billion | +50.26% |
| 2020-12-31 | ₩24.26 Billion | +33.46% |
| 2019-12-31 | ₩18.17 Billion | -51.85% |
| 2018-12-31 | ₩37.75 Billion | -21.83% |
| 2017-12-31 | ₩48.29 Billion | +25.02% |
| 2016-12-31 | ₩38.63 Billion | +25.64% |
| 2015-12-31 | ₩30.74 Billion | +7.53% |
| 2014-12-31 | ₩28.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SGA Solutions 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 329.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩8.32 Billion | 19.42% |
| Common Stock | ₩6.26 Billion | 14.61% |
| Other Components | ₩28.26 Billion | 65.97% |
| Total Equity | ₩42.84 Billion | 100.00% |
SGA Solutions Co.Ltd Competitors by Market Cap
The table below lists competitors of SGA Solutions Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rane Brake Lining Limited
NSE:RBL
|
$19.12 Million |
|
Kirklands Inc
NASDAQ:KIRK
|
$19.13 Million |
|
Finesse Technology Co., Ltd
TWO:7704
|
$19.13 Million |
|
Aditya Birla Money Limited
NSE:BIRLAMONEY
|
$19.14 Million |
|
Compa Sibiu
RO:CMP
|
$19.12 Million |
|
Microcosm Technology Co Ltd
TWO:3354
|
$19.12 Million |
|
United-Guardian Inc
NASDAQ:UG
|
$19.11 Million |
|
Heungkuk Metaltech Co.Ltd
KQ:010240
|
$19.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SGA Solutions Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 48,805,438,490 to 42,840,539,700, a change of -5,964,898,790 (-12.2%).
- Net loss of 9,285,798,390 reduced equity.
- Dividend payments of 258,825,180 reduced retained earnings.
- Share repurchases of 3,994,540,950 reduced equity.
- New share issuances of 3,994,540,950 increased equity.
- Other factors increased equity by 3,579,724,780.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-9.29 Billion | -21.68% |
| Dividends Paid | ₩258.83 Million | -0.6% |
| Share Repurchases | ₩3.99 Billion | -9.32% |
| Share Issuances | ₩3.99 Billion | +9.32% |
| Other Changes | ₩3.58 Billion | +8.36% |
| Total Change | ₩- | -12.22% |
Book Value vs Market Value Analysis
This analysis compares SGA Solutions 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: 0.86x
- 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 increased from 0.39x to 0.86x 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 | ₩1447.00 | ₩560.00 | x |
| 2017-12-31 | ₩1522.93 | ₩560.00 | x |
| 2018-12-31 | ₩1121.08 | ₩560.00 | x |
| 2019-12-31 | ₩498.73 | ₩560.00 | x |
| 2020-12-31 | ₩665.60 | ₩560.00 | x |
| 2021-12-31 | ₩793.35 | ₩560.00 | x |
| 2022-12-31 | ₩908.88 | ₩560.00 | x |
| 2023-12-31 | ₩861.52 | ₩560.00 | x |
| 2024-12-31 | ₩654.26 | ₩560.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SGA Solutions 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): -21.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.63%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.42x
- Recent ROE (-21.68%) is below the historical average (-10.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 12.37% | 17.69% | 0.59x | 1.18x | ₩677.69 Million |
| 2015 | 8.87% | 20.15% | 0.27x | 1.64x | ₩-348.14 Million |
| 2016 | 7.01% | 5.47% | 0.53x | 2.43x | ₩-1.15 Billion |
| 2017 | 4.14% | 3.61% | 0.67x | 1.72x | ₩-2.83 Billion |
| 2018 | -29.69% | -24.70% | 0.58x | 2.07x | ₩-14.98 Billion |
| 2019 | -135.70% | -54.70% | 0.94x | 2.64x | ₩-26.48 Billion |
| 2020 | 23.69% | 14.16% | 0.87x | 1.91x | ₩3.32 Billion |
| 2021 | 4.38% | 7.28% | 0.34x | 1.75x | ₩-2.05 Billion |
| 2022 | 9.26% | 12.16% | 0.39x | 1.94x | ₩-364.74 Million |
| 2023 | -1.74% | -1.84% | 0.50x | 1.88x | ₩-5.73 Billion |
| 2024 | -21.68% | -21.63% | 0.41x | 2.42x | ₩-13.57 Billion |
Industry Comparison
This section compares SGA Solutions Co.Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $45,786,090,292
- Average return on equity (ROE) among peers: -4.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SGA Solutions Co.Ltd (184230) | ₩50.84 Billion | 12.37% | 1.00x | $19.12 Million |
| Douzone Bizon Co Ltd (012510) | $82.16 Billion | 20.47% | 1.34x | $1.46 Billion |
| NuriFlex Co.Ltd (040160) | $60.32 Billion | 2.29% | 0.53x | $46.47 Million |
| Raonsecure Co. Ltd (042510) | $50.48 Billion | 7.96% | 0.42x | $39.59 Million |
| Osangjaiel Co. Ltd (053980) | $35.39 Billion | 4.33% | 0.74x | $26.27 Million |
| Emro Inc. (058970) | $11.53 Billion | 8.73% | 1.15x | $159.67 Million |
| LONGTU KOREA Inc (060240) | $3.59 Billion | 0.00% | 5.53x | $3.02 Million |
| Younglimwon Soft Lab Co. Ltd. (060850) | $4.11 Billion | -86.33% | 4.58x | $23.73 Million |
| Gemvaxlink Co. Ltd (064800) | $169.44 Billion | -11.42% | 0.21x | $44.93 Million |
| 088340 (088340) | $8.99 Billion | 9.77% | 1.57x | $20.38 Million |
| Mobileleader Co.Ltd (100030) | $31.85 Billion | 0.00% | 0.11x | $19.75 Million |