KB No4 SPAC
NEXUS Co., Ltd. develops mobile games in South Korea. It offers various games, such as blade I, Blades of Three Kingdoms, BLADE II, ANVIL, Kingdom: The Blood, Blade: Re.Action, Project AE, and Dungeon Stalkers. The company was formerly known as Action Square CO., LTD. and changed its name to NEXUS Co., Ltd. in February 2025. The company was founded in 2012 and is based in Seoul, South Korea.
KB No4 SPAC (205500) - Net Assets
Latest net assets as of September 2025: ₩36.16 Billion KRW
Based on the latest financial reports, KB No4 SPAC (205500) has net assets worth ₩36.16 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 (₩75.03 Billion) and total liabilities (₩38.87 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 | ₩36.16 Billion |
| % of Total Assets | 48.19% |
| Annual Growth Rate | 1.1% |
| 5-Year Change | 40.5% |
| 10-Year Change | N/A |
| Growth Volatility | 59.5 |
KB No4 SPAC - Net Assets Trend (2016–2024)
This chart illustrates how KB No4 SPAC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KB No4 SPAC (2016–2024)
The table below shows the annual net assets of KB No4 SPAC from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩25.85 Billion | -11.93% |
| 2023-12-31 | ₩29.35 Billion | -4.44% |
| 2022-12-31 | ₩30.71 Billion | -32.67% |
| 2021-12-31 | ₩45.61 Billion | +147.96% |
| 2020-12-31 | ₩18.39 Billion | -8.94% |
| 2019-12-31 | ₩20.20 Billion | +67.12% |
| 2018-12-31 | ₩12.09 Billion | -10.32% |
| 2017-12-31 | ₩13.48 Billion | -43.10% |
| 2016-12-31 | ₩23.69 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to KB No4 SPAC'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 decreased by 7871379504000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩112.38 Billion | 434.83% |
| Total Equity | ₩25.85 Billion | 100.00% |
KB No4 SPAC Competitors by Market Cap
The table below lists competitors of KB No4 SPAC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA
F:MUT
|
$30.61 Million |
|
Ballston Spa Bancorp Inc
PINK:BSPA
|
$30.61 Million |
|
Newegg Commerce Inc
NASDAQ:NEGG
|
$30.61 Million |
|
Corpovael S.A.B. de C.V
MX:CADUA
|
$30.62 Million |
|
Amot Investments Ltd
TA:AMOT
|
$30.57 Million |
|
LAVA Therapeutics NV
NASDAQ:LVTX
|
$30.56 Million |
|
Playside Studios Ltd
AU:PLY
|
$30.56 Million |
|
Para Light Electronics Co Ltd
TW:6226
|
$30.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KB No4 SPAC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,345,121,310 to 25,845,114,680, a change of -3,500,006,630 (-11.9%).
- Net loss of 8,217,215,350 reduced equity.
- Share repurchases of 7,277,464,670 reduced equity.
- New share issuances of 7,277,464,660 increased equity.
- Other factors increased equity by 4,717,208,730.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-8.22 Billion | -31.79% |
| Share Repurchases | ₩7.28 Billion | -28.16% |
| Share Issuances | ₩7.28 Billion | +28.16% |
| Other Changes | ₩4.72 Billion | +18.25% |
| Total Change | ₩- | -11.93% |
Book Value vs Market Value Analysis
This analysis compares KB No4 SPAC'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: 3.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.66x to 3.51x 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 | ₩949.86 | ₩1580.00 | x |
| 2017-12-31 | ₩540.50 | ₩1580.00 | x |
| 2018-12-31 | ₩456.40 | ₩1580.00 | x |
| 2019-12-31 | ₩488.74 | ₩1580.00 | x |
| 2020-12-31 | ₩445.05 | ₩1580.00 | x |
| 2021-12-31 | ₩996.87 | ₩1580.00 | x |
| 2022-12-31 | ₩661.07 | ₩1580.00 | x |
| 2023-12-31 | ₩579.72 | ₩1580.00 | x |
| 2024-12-31 | ₩449.76 | ₩1580.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KB No4 SPAC 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): -31.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -108.82%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.31x
- Recent ROE (-31.79%) is above the historical average (-46.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -36.90% | -220.85% | 0.14x | 1.20x | ₩-11.11 Billion |
| 2017 | -90.95% | -130.39% | 0.38x | 1.85x | ₩-13.61 Billion |
| 2018 | -92.79% | -150.11% | 0.35x | 1.75x | ₩-12.42 Billion |
| 2019 | -45.35% | -156.89% | 0.19x | 1.50x | ₩-11.18 Billion |
| 2020 | -10.97% | -34.58% | 0.24x | 1.30x | ₩-3.86 Billion |
| 2021 | -11.94% | -96.89% | 0.10x | 1.23x | ₩-10.01 Billion |
| 2022 | -60.18% | -320.86% | 0.13x | 1.43x | ₩-21.55 Billion |
| 2023 | -41.02% | -220.46% | 0.14x | 1.35x | ₩-14.97 Billion |
| 2024 | -31.79% | -108.82% | 0.22x | 1.31x | ₩-10.80 Billion |
Industry Comparison
This section compares KB No4 SPAC's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $504,918,718,961
- Average return on equity (ROE) among peers: 0.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KB No4 SPAC (205500) | ₩36.16 Billion | -36.90% | 1.07x | $30.57 Million |
| Barunson Entertainment & Arts Corporation (035620) | $67.78 Billion | -7.57% | 0.64x | $9.10 Million |
| NCsoft Corp (036570) | $331.96 Billion | 23.41% | 0.14x | $1.67 Billion |
| HANBIT SOFT Inc (047080) | $20.29 Billion | -34.79% | 0.96x | $13.23 Million |
| Actoz Soft Co.Ltd (052790) | $117.07 Billion | -6.06% | 0.28x | $19.54 Million |
| JOYCITY Corporation (067000) | $78.15 Billion | 14.49% | 0.42x | $69.91 Million |
| Com2uS Corporation (078340) | $1.11 Trillion | 3.57% | 0.54x | $168.33 Million |
| SundayToz Corp (123420) | $157.92 Billion | 9.01% | 0.21x | $28.23 Million |
| Nhn Entertain (181710) | $2.10 Trillion | 5.57% | 0.44x | $331.50 Million |
| DoubleU Games Co Ltd (192080) | $927.89 Billion | 12.10% | 0.10x | $343.42 Million |
| Devsisters corporation (194480) | $134.84 Billion | -13.88% | 0.11x | $188.84 Million |