SGA Solutions Co.Ltd (184230) - Net Assets
Based on the latest financial reports, SGA Solutions Co.Ltd (184230) has net assets worth ₩52.56 Billion KRW (≈ $35.62 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩147.17 Billion ≈ $99.73 Million USD) and total liabilities (₩94.61 Billion ≈ $64.12 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. Also explore total assets of SGA Solutions Co.Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩52.56 Billion |
| % of Total Assets | 35.71% |
| Annual Growth Rate | 5.77% |
| 5-Year Change | 45.35% |
| 10-Year Change | 37.15% |
| Growth Volatility | 29.44 |
SGA Solutions Co.Ltd - Net Assets Trend (2014–2025)
This chart illustrates how SGA Solutions Co.Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of SGA Solutions Co.Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for SGA Solutions Co.Ltd (2014–2025)
The table below shows the annual net assets of SGA Solutions Co.Ltd from 2014 to 2025. For live valuation and market cap data, see how much is SGA Solutions Co.Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩52.98 Billion ≈ $35.90 Million |
+23.66% |
| 2024-12-31 | ₩42.84 Billion ≈ $29.03 Million |
-24.93% |
| 2023-12-31 | ₩57.07 Billion ≈ $38.68 Million |
+16.38% |
| 2022-12-31 | ₩49.04 Billion ≈ $33.23 Million |
+34.54% |
| 2021-12-31 | ₩36.45 Billion ≈ $24.70 Million |
+50.26% |
| 2020-12-31 | ₩24.26 Billion ≈ $16.44 Million |
+33.46% |
| 2019-12-31 | ₩18.17 Billion ≈ $12.32 Million |
-51.85% |
| 2018-12-31 | ₩37.75 Billion ≈ $25.58 Million |
-21.83% |
| 2017-12-31 | ₩48.29 Billion ≈ $32.73 Million |
+25.02% |
| 2016-12-31 | ₩38.63 Billion ≈ $26.18 Million |
+25.64% |
| 2015-12-31 | ₩30.74 Billion ≈ $20.83 Million |
+7.53% |
| 2014-12-31 | ₩28.59 Billion ≈ $19.37 Million |
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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 1733.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩35.52 Billion | 103.01% |
| Total Equity | ₩34.48 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 |
|---|---|
|
ESS Tech Inc
NYSE:GWH
|
$21.95 Million |
|
Rohas Tecnic Bhd
KLSE:9741
|
$21.95 Million |
|
Iz Hayvancilik Tarim ve Gida Sanayi Ticaret AS
IS:IZINV
|
$21.97 Million |
|
Medivir AB
ST:MVIR
|
$21.97 Million |
|
Maternus-Kliniken Aktiengesellschaft
F:MAK
|
$21.94 Million |
|
Shanyuan Co Ltd
TWO:4416
|
$21.94 Million |
|
Fiplasto SA
BA:FIPL
|
$21.92 Million |
|
Alpha Group International plc
LSE:ALPH
|
$21.92 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 2024 to 2025, total equity changed from 42,840,539,700 to 34,478,841,120, a change of -8,361,698,580 (-19.5%).
- Net income of 17,509,662,760 contributed positively to equity growth.
- Dividend payments of 492,731,800 reduced retained earnings.
- Share repurchases of 2,128,950 reduced equity.
- New share issuances of 4,994,345,090 increased equity.
- Other factors decreased equity by 30,370,845,680.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩17.51 Billion | +50.78% |
| Dividends Paid | ₩492.73 Million | -1.43% |
| Share Repurchases | ₩2.13 Million | -0.01% |
| Share Issuances | ₩4.99 Billion | +14.49% |
| Other Changes | ₩-30.37 Billion | -88.09% |
| Total Change | ₩- | -19.52% |
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: 0.91x
- 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 1.19x to 0.91x 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 | ₩1447.00 | ₩1719.00 | x |
| 2017-12-31 | ₩1522.93 | ₩1719.00 | x |
| 2018-12-31 | ₩1121.08 | ₩1719.00 | x |
| 2019-12-31 | ₩498.73 | ₩1719.00 | x |
| 2020-12-31 | ₩665.60 | ₩1719.00 | x |
| 2021-12-31 | ₩793.35 | ₩1719.00 | x |
| 2022-12-31 | ₩908.88 | ₩1719.00 | x |
| 2023-12-31 | ₩861.52 | ₩1719.00 | x |
| 2024-12-31 | ₩654.26 | ₩1719.00 | x |
| 2025-12-31 | ₩1890.49 | ₩1719.00 | 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): 50.78%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.41%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 4.41x
- Recent ROE (50.78%) is above the historical average (-5.69%), indicating improving 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 |
| 2025 | 50.78% | 28.41% | 0.41x | 4.41x | ₩14.06 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: $57,627,270,034
- Average return on equity (ROE) among peers: -0.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SGA Solutions Co.Ltd (184230) | ₩52.56 Billion | 12.37% | 1.80x | $21.95 Million |
| Douzone Bizon Co Ltd (012510) | $64.65 Billion | 7.61% | 1.59x | $2.28 Billion |
| NuriFlex Co.Ltd (040160) | $68.31 Billion | 12.99% | 0.88x | $31.51 Million |
| Raonsecure Co. Ltd (042510) | $45.88 Billion | 9.07% | 0.65x | $56.17 Million |
| Osangjaiel Co. Ltd (053980) | $71.97 Billion | 11.73% | 0.39x | $31.37 Million |
| Gemvaxlink Co. Ltd (064800) | $111.18 Billion | -17.21% | 0.70x | $171.27 Million |
| Mobileleader Co.Ltd (100030) | $52.35 Billion | 5.01% | 0.18x | $31.65 Million |
| Selvas Ai Inc. (108860) | $45.69 Billion | -8.49% | 1.34x | $147.37 Million |
| RSUPPORT Co. Ltd (131370) | $92.66 Billion | 7.84% | 0.11x | $51.84 Million |
| KineMaster Corporation (139670) | $12.36 Billion | -25.44% | 0.13x | $15.79 Million |
| Bflysoft Co. Ltd. (148780) | $11.22 Billion | -6.77% | 0.35x | $9.74 Million |
About SGA Solutions Co.Ltd
SGA Solutions Co.,Ltd. develops and supplies software in South Korea. It provides system security solutions, such as RedCastle and EnterpriseCastle; cloud security products, which includes vAegis and cAegis; zero trust security solutions, such as SGA ZTA; endpoint security solutions comprising VirusChaser 10 AI, PatchChaser, DaLoc, VirusChaser, My PC Protector, SecurityCenter, and Go to VirusChas… Read more