Me2on Co. Ltd (201490) - Net Assets
Based on the latest financial reports, Me2on Co. Ltd (201490) has net assets worth ₩253.09 Billion KRW (≈ $171.52 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 (₩278.95 Billion ≈ $189.04 Million USD) and total liabilities (₩25.86 Billion ≈ $17.52 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 how strategically is Me2on Co. Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩253.09 Billion |
| % of Total Assets | 90.73% |
| Annual Growth Rate | 31.65% |
| 5-Year Change | 137.5% |
| 10-Year Change | 432.14% |
| Growth Volatility | 59.47 |
Me2on Co. Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Me2on Co. Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 201490 market cap overview.
Annual Net Assets for Me2on Co. Ltd (2015–2025)
The table below shows the annual net assets of Me2on Co. Ltd from 2015 to 2025. Also explore 201490 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩242.15 Billion ≈ $164.10 Million |
+65.03% |
| 2024-12-31 | ₩146.73 Billion ≈ $99.44 Million |
+12.00% |
| 2023-12-31 | ₩131.00 Billion ≈ $88.78 Million |
-30.92% |
| 2022-12-31 | ₩189.65 Billion ≈ $128.52 Million |
+86.01% |
| 2021-12-31 | ₩101.96 Billion ≈ $69.10 Million |
+7.76% |
| 2020-12-31 | ₩94.62 Billion ≈ $64.12 Million |
+34.43% |
| 2019-12-31 | ₩70.38 Billion ≈ $47.70 Million |
+1.47% |
| 2018-12-31 | ₩69.37 Billion ≈ $47.01 Million |
+23.01% |
| 2017-12-31 | ₩56.39 Billion ≈ $38.21 Million |
+23.92% |
| 2016-12-31 | ₩45.51 Billion ≈ $30.84 Million |
+194.07% |
| 2015-12-31 | ₩15.47 Billion ≈ $10.49 Million |
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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 2941.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩62.83 Billion | 42.02% |
| Other Components | ₩86.69 Billion | 57.98% |
| Total Equity | ₩149.53 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 |
|---|---|
|
Nordisk Bergteknik AB Series B
ST:NORB-B
|
$65.29 Million |
|
Malee Group Public Company Limited
BK:MALEE
|
$65.32 Million |
|
ZK International Group Co Ltd
NASDAQ:ZKIN
|
$65.34 Million |
|
Ok Biotech Co Ltd
TW:4155
|
$65.36 Million |
|
Alterity Therapeutics Limited
F:PBN
|
$65.25 Million |
|
Futebol Clube do Porto - Futebol S.A.D.
LS:FCP
|
$65.25 Million |
|
Gabriel Holding
CO:GABR
|
$65.25 Million |
|
NPC Co. Ltd
KO:004250
|
$65.24 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 2024 to 2025, total equity changed from 146,730,336,930 to 149,529,244,230, a change of 2,798,907,300 (1.9%).
- Net income of 772,215,730 contributed positively to equity growth.
- Dividend payments of 3,147,578,240 reduced retained earnings.
- Share repurchases of 22,445,470 reduced equity.
- Other factors increased equity by 5,196,715,280.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩772.22 Million | +0.52% |
| Dividends Paid | ₩3.15 Billion | -2.1% |
| Share Repurchases | ₩22.45 Million | -0.02% |
| Other Changes | ₩5.20 Billion | +3.48% |
| Total Change | ₩- | 1.91% |
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: 0.64x
- 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 1.96x to 0.64x 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 | ₩2955.00 | x |
| 2017-12-31 | ₩1818.57 | ₩2955.00 | x |
| 2018-12-31 | ₩2219.19 | ₩2955.00 | x |
| 2019-12-31 | ₩2251.75 | ₩2955.00 | x |
| 2020-12-31 | ₩3027.02 | ₩2955.00 | x |
| 2021-12-31 | ₩3261.84 | ₩2955.00 | x |
| 2022-12-31 | ₩3871.93 | ₩2955.00 | x |
| 2023-12-31 | ₩4191.08 | ₩2955.00 | x |
| 2024-12-31 | ₩4828.23 | ₩2955.00 | x |
| 2025-12-31 | ₩4587.66 | ₩2955.00 | 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): 0.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.64%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.77x
- Recent ROE (0.52%) is below the historical average (9.95%), 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 |
| 2025 | 0.52% | 0.64% | 0.46x | 1.77x | ₩-14.18 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: $450,077,993,789
- Average return on equity (ROE) among peers: 9.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Me2on Co. Ltd (201490) | ₩253.09 Billion | 32.89% | 0.10x | $65.27 Million |
| Barunson Entertainment & Arts Corporation (035620) | $77.07 Billion | -10.46% | 0.36x | $7.76 Million |
| NCsoft Corp (036570) | $191.18 Billion | 27.78% | 0.30x | $2.69 Billion |
| HANBIT SOFT Inc (047080) | $15.55 Billion | 0.00% | 2.47x | $18.32 Million |
| Actoz Soft Co.Ltd (052790) | $117.07 Billion | -6.06% | 0.28x | $31.13 Million |
| JOYCITY Corporation (067000) | $62.25 Billion | 10.62% | 0.22x | $51.87 Million |
| Com2uS Corporation (078340) | $1.05 Trillion | -10.27% | 0.57x | $265.64 Million |
| SundayToz Corp (123420) | $85.27 Billion | 56.73% | 0.29x | $46.38 Million |
| Nhn Entertain (181710) | $1.51 Trillion | 0.83% | 0.22x | $1.16 Billion |
| DoubleU Games Co Ltd (192080) | $1.20 Trillion | 12.46% | 0.08x | $757.82 Million |
| Devsisters corporation (194480) | $195.34 Billion | 16.02% | 0.04x | $110.87 Million |
About 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.