Me2on Co. Ltd
Me2on Co., Ltd. operates as a social casino game development company in South Korea and internationally. The company develops, operates, and sells online social casino games based on the social network service. It offers mobile and PC games. The company was incorporated in 2010 and is headquartered in Seoul, South Korea.
Me2on Co. Ltd (201490) - Net Assets
Latest net assets as of September 2025: ₩238.69 Billion KRW
Based on the latest financial reports, Me2on Co. Ltd (201490) has net assets worth ₩238.69 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 (₩290.73 Billion) and total liabilities (₩52.04 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 | ₩238.69 Billion |
| % of Total Assets | 82.1% |
| Annual Growth Rate | 28.39% |
| 5-Year Change | 55.08% |
| 10-Year Change | N/A |
| Growth Volatility | 62.15 |
Me2on Co. Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Me2on 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 Me2on Co. Ltd (2015–2024)
The table below shows the annual net assets of Me2on Co. Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩146.73 Billion | +12.00% |
| 2023-12-31 | ₩131.00 Billion | -30.92% |
| 2022-12-31 | ₩189.65 Billion | +86.01% |
| 2021-12-31 | ₩101.96 Billion | +7.76% |
| 2020-12-31 | ₩94.62 Billion | +34.43% |
| 2019-12-31 | ₩70.38 Billion | +1.47% |
| 2018-12-31 | ₩69.37 Billion | +23.01% |
| 2017-12-31 | ₩56.39 Billion | +23.92% |
| 2016-12-31 | ₩45.51 Billion | +194.07% |
| 2015-12-31 | ₩15.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Me2on 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 2904.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩62.06 Billion | 42.30% |
| Common Stock | ₩15.63 Billion | 10.65% |
| Other Components | ₩69.04 Billion | 47.05% |
| Total Equity | ₩146.73 Billion | 100.00% |
Me2on Co. Ltd Competitors by Market Cap
The table below lists competitors of Me2on Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Surrozen Inc
NASDAQ:SRZN
|
$55.14 Million |
|
Sriracha Construction Public Company Limited
BK:SRICHA
|
$55.15 Million |
|
Bonraybio Co., Ltd.
TW:6955
|
$55.16 Million |
|
SKY Metals Ltd
AU:SKY
|
$55.16 Million |
|
KPX Chemical
KO:025000
|
$55.13 Million |
|
Jiangsu Recbio Technology Co., Ltd.
F:G93
|
$55.13 Million |
|
ZENTEK LTD.
F:ZAY0
|
$55.12 Million |
|
T'way Air Co Ltd
KO:091810
|
$55.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Me2on Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 131,003,747,730 to 146,730,336,930, a change of 15,726,589,200 (12.0%).
- Net income of 551,153,760 contributed positively to equity growth.
- Dividend payments of 4,979,893,650 reduced retained earnings.
- Share repurchases of 2,007,094,760 reduced equity.
- Other factors increased equity by 22,162,423,850.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩551.15 Million | +0.38% |
| Dividends Paid | ₩4.98 Billion | -3.39% |
| Share Repurchases | ₩2.01 Billion | -1.37% |
| Other Changes | ₩22.16 Billion | +15.1% |
| Total Change | ₩- | 12.00% |
Book Value vs Market Value Analysis
This analysis compares Me2on 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: 0.69x
- 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 2.21x to 0.69x 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 | ₩1510.48 | ₩3340.00 | x |
| 2017-12-31 | ₩1818.57 | ₩3340.00 | x |
| 2018-12-31 | ₩2219.19 | ₩3340.00 | x |
| 2019-12-31 | ₩2251.75 | ₩3340.00 | x |
| 2020-12-31 | ₩3027.02 | ₩3340.00 | x |
| 2021-12-31 | ₩3261.84 | ₩3340.00 | x |
| 2022-12-31 | ₩3871.93 | ₩3340.00 | x |
| 2023-12-31 | ₩4191.08 | ₩3340.00 | x |
| 2024-12-31 | ₩4828.23 | ₩3340.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Me2on 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): 0.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.58%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.98x
- Recent ROE (0.38%) is below the historical average (10.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 32.89% | 30.30% | 0.90x | 1.20x | ₩3.54 Billion |
| 2016 | 6.80% | 18.17% | 0.36x | 1.04x | ₩-1.45 Billion |
| 2017 | 4.45% | 9.22% | 0.18x | 2.65x | ₩-3.13 Billion |
| 2018 | 15.48% | 10.87% | 0.65x | 2.20x | ₩3.80 Billion |
| 2019 | 15.82% | 9.35% | 0.68x | 2.49x | ₩4.10 Billion |
| 2020 | 11.00% | 7.96% | 0.60x | 2.30x | ₩948.71 Million |
| 2021 | 8.98% | 8.35% | 0.49x | 2.20x | ₩-1.04 Billion |
| 2022 | 7.15% | 7.73% | 0.51x | 1.82x | ₩-3.45 Billion |
| 2023 | 5.94% | 7.14% | 0.42x | 1.99x | ₩-5.32 Billion |
| 2024 | 0.38% | 0.58% | 0.32x | 1.98x | ₩-14.12 Billion |
Industry Comparison
This section compares Me2on Co. Ltd's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $559,228,904,740
- Average return on equity (ROE) among peers: 2.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Me2on Co. Ltd (201490) | ₩238.69 Billion | 32.89% | 0.22x | $55.14 Million |
| Barunson Entertainment & Arts Corporation (035620) | $71.65 Billion | -18.60% | 0.74x | $9.06 Million |
| NCsoft Corp (036570) | $1.02 Trillion | 15.27% | 0.29x | $1.64 Billion |
| HANBIT SOFT Inc (047080) | $18.29 Billion | -6.37% | 0.61x | $12.75 Million |
| Actoz Soft Co.Ltd (052790) | $117.07 Billion | -6.06% | 0.28x | $19.68 Million |
| JOYCITY Corporation (067000) | $68.13 Billion | 11.39% | 0.21x | $69.08 Million |
| Com2uS Corporation (078340) | $1.11 Trillion | 3.57% | 0.54x | $171.71 Million |
| SundayToz Corp (123420) | $85.27 Billion | 56.73% | 0.29x | $29.11 Million |
| Nhn Entertain (181710) | $1.77 Trillion | -7.51% | 0.81x | $341.00 Million |
| DoubleU Games Co Ltd (192080) | $1.20 Trillion | 12.46% | 0.08x | $340.72 Million |
| Devsisters corporation (194480) | $134.56 Billion | -36.86% | 0.78x | $194.27 Million |