Dream Security co. Ltd (203650) - Net Assets
Based on the latest financial reports, Dream Security co. Ltd (203650) has net assets worth ₩148.42 Billion KRW (≈ $100.58 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩573.62 Billion ≈ $388.74 Million USD) and total liabilities (₩425.21 Billion ≈ $288.16 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 Dream Security co. Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩148.42 Billion |
| % of Total Assets | 25.87% |
| Annual Growth Rate | 40.19% |
| 5-Year Change | 115.29% |
| 10-Year Change | N/A |
| Growth Volatility | 53.24 |
Dream Security co. Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Dream Security co. Ltd's net assets have evolved over time, based on quarterly financial data. See 203650 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Dream Security co. Ltd (2016–2024)
The table below shows the annual net assets of Dream Security co. Ltd from 2016 to 2024. For live valuation and market cap data, see market value of Dream Security co. Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩147.74 Billion ≈ $100.12 Million |
+38.74% |
| 2023-12-31 | ₩106.49 Billion ≈ $72.16 Million |
+25.05% |
| 2022-12-31 | ₩85.16 Billion ≈ $57.71 Million |
+16.09% |
| 2021-12-31 | ₩73.36 Billion ≈ $49.71 Million |
+6.89% |
| 2020-12-31 | ₩68.63 Billion ≈ $46.51 Million |
+6.72% |
| 2019-12-31 | ₩64.31 Billion ≈ $43.58 Million |
+167.25% |
| 2018-12-31 | ₩24.06 Billion ≈ $16.31 Million |
+21.40% |
| 2017-12-31 | ₩19.82 Billion ≈ $13.43 Million |
+100.20% |
| 2016-12-31 | ₩9.90 Billion ≈ $6.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dream Security 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 1654.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩68.58 Billion | 61.51% |
| Other Components | ₩42.91 Billion | 38.49% |
| Total Equity | ₩111.49 Billion | 100.00% |
Dream Security co. Ltd Competitors by Market Cap
The table below lists competitors of Dream Security co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Crawford & Company
NYSE:CRD-B
|
$195.15 Million |
|
Aftermath Silver Ltd
V:AAG
|
$195.23 Million |
|
Bleichroeder Acquisition Corp. I Class A Ordinary Shares
NASDAQ:BACQ
|
$195.26 Million |
|
China Ecotek Corp
TW:1535
|
$195.32 Million |
|
Rico Auto Industries Limited
NSE:RICOAUTO
|
$195.00 Million |
|
HUYA Inc
F:HY5A
|
$194.95 Million |
|
Europap Tezol Kagit Sanayi Ve Ticaret AS
IS:TEZOL
|
$194.86 Million |
|
Hup Seng Industries Bhd
KLSE:5024
|
$194.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dream Security co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 106,486,138,810 to 111,491,869,420, a change of 5,005,730,610 (4.7%).
- Net income of 12,977,282,640 contributed positively to equity growth.
- Dividend payments of 109,277,700 reduced retained earnings.
- Share repurchases of 9,459,714,780 reduced equity.
- New share issuances of 2,442,750,170 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩12.98 Billion | +11.64% |
| Dividends Paid | ₩109.28 Million | -0.1% |
| Share Repurchases | ₩9.46 Billion | -8.48% |
| Share Issuances | ₩2.44 Billion | +2.19% |
| Other Changes | ₩-845.31 Million | -0.76% |
| Total Change | ₩- | 4.70% |
Book Value vs Market Value Analysis
This analysis compares Dream Security 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: 2.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.78x to 2.56x 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 | ₩1688.96 | ₩3010.00 | x |
| 2017-12-31 | ₩547.64 | ₩3010.00 | x |
| 2018-12-31 | ₩646.26 | ₩3010.00 | x |
| 2019-12-31 | ₩1293.00 | ₩3010.00 | x |
| 2020-12-31 | ₩1379.84 | ₩3010.00 | x |
| 2021-12-31 | ₩1459.56 | ₩3010.00 | x |
| 2022-12-31 | ₩1682.75 | ₩3010.00 | x |
| 2023-12-31 | ₩2104.23 | ₩3010.00 | x |
| 2024-12-31 | ₩1177.05 | ₩3010.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dream Security 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): 11.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.83%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 4.81x
- Recent ROE (11.64%) is above the historical average (8.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.12% | -0.06% | 1.08x | 1.91x | ₩-1.00 Billion |
| 2017 | -8.05% | -6.44% | 1.02x | 1.22x | ₩-3.58 Billion |
| 2018 | 13.05% | 11.09% | 1.05x | 1.12x | ₩732.93 Million |
| 2019 | 3.93% | 8.77% | 0.37x | 1.20x | ₩-3.90 Billion |
| 2020 | 7.19% | 3.11% | 0.56x | 4.10x | ₩-1.93 Billion |
| 2021 | 17.48% | 6.77% | 0.54x | 4.76x | ₩5.49 Billion |
| 2022 | 11.34% | 4.31% | 0.57x | 4.59x | ₩1.14 Billion |
| 2023 | 21.12% | 9.66% | 0.57x | 3.81x | ₩11.84 Billion |
| 2024 | 11.64% | 4.83% | 0.50x | 4.81x | ₩1.83 Billion |
Industry Comparison
This section compares Dream Security co. Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $83,795,388,480
- Average return on equity (ROE) among peers: 11.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dream Security co. Ltd (203650) | ₩148.42 Billion | -0.12% | 2.86x | $195.08 Million |
| Kginicis Co.Ltd (035600) | $23.93 Billion | 0.00% | 1.43x | $182.37 Million |
| Nice Information & Telecommunication Inc (036800) | $151.75 Billion | 19.98% | 1.48x | $172.28 Million |
| Cafe24 Corp (042000) | $13.72 Billion | 37.10% | 4.24x | $322.30 Million |
| AhnLab Inc (053800) | $161.35 Billion | 7.39% | 0.21x | $380.15 Million |
| NHN KCP Corp (060250) | $24.80 Billion | 30.91% | 1.47x | $393.11 Million |
| Danal Co. Ltd (064260) | $297.57 Billion | 2.44% | 1.51x | $243.98 Million |
| nTels Co. Ltd (069410) | $42.04 Billion | -6.39% | 0.22x | $26.69 Million |
| Plantynet Co. Ltd (075130) | $75.74 Billion | 6.47% | 0.08x | $21.28 Million |
| Secuve Co. Ltd (131090) | $21.95 Billion | 6.73% | 0.35x | $20.12 Million |
| FASOO.COM Co Ltd (150900) | $25.10 Billion | 8.68% | 0.31x | $27.77 Million |
About Dream Security co. Ltd
Dream Security co., Ltd., an authentication security company, offers authentication and security solutions. It provides authentication, integrity, confidentiality, and non-repudiation through PKI infrastructure, such as Magic RootCA, Magic CA, Magic RA, Magic OCSP, Magic SCVP, Magic TSA, and Magic LTVS; cryptographic technologies, including verified cryptographic modules and quantum-resistant cry… Read more