Korea SPAC 2
BENO TNR, Inc. engages in interior design, construction, robot, and bio businesses. It engages in the designing, manufacturing, and construction of shading systems, eco-friendly flooring, and radiant heating panels applied to various buildings. It also provides XoMotion, an exoskeleton wearable robot that supports lower body movements; and develops medicine through epigenetic modification. BENO T… Read more
Korea SPAC 2 (206400) - Net Assets
Latest net assets as of September 2025: ₩77.84 Billion KRW
Based on the latest financial reports, Korea SPAC 2 (206400) has net assets worth ₩77.84 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 (₩84.29 Billion) and total liabilities (₩6.45 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 | ₩77.84 Billion |
| % of Total Assets | 92.35% |
| Annual Growth Rate | 17.39% |
| 5-Year Change | 88.66% |
| 10-Year Change | N/A |
| Growth Volatility | 128.42 |
Korea SPAC 2 - Net Assets Trend (2015–2024)
This chart illustrates how Korea SPAC 2's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korea SPAC 2 (2015–2024)
The table below shows the annual net assets of Korea SPAC 2 from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩95.22 Billion | +19.17% |
| 2023-12-31 | ₩79.90 Billion | +14.24% |
| 2022-12-31 | ₩69.94 Billion | -17.59% |
| 2021-12-31 | ₩84.87 Billion | +68.16% |
| 2020-12-31 | ₩50.47 Billion | +49.43% |
| 2019-12-31 | ₩33.77 Billion | +397.62% |
| 2018-12-31 | ₩6.79 Billion | -48.79% |
| 2017-12-31 | ₩13.25 Billion | -20.82% |
| 2016-12-31 | ₩16.74 Billion | -25.55% |
| 2015-12-31 | ₩22.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korea SPAC 2'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 171156172000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩1.23 Billion | 1.29% |
| Common Stock | ₩18.76 Billion | 19.70% |
| Other Components | ₩75.24 Billion | 79.02% |
| Total Equity | ₩95.22 Billion | 100.00% |
Korea SPAC 2 Competitors by Market Cap
The table below lists competitors of Korea SPAC 2 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DP POLAND PLC
F:2OP
|
$24.00 Million |
|
Nava Nakorn Public Company Limited
BK:NNCL
|
$24.00 Million |
|
ASTORY Co.Ltd
KQ:241840
|
$24.01 Million |
|
GoviEx Uranium Inc
OTCQB:GVXXF
|
$24.01 Million |
|
Deniz Gayrimenkul Yatirim Ortakligi AS
IS:DZGYO
|
$23.99 Million |
|
Hep Tech Co Ltd
TWO:3609
|
$23.97 Million |
|
The Farmers Bank of Appomattox
OTCQB:FBPA
|
$23.97 Million |
|
Companhia de Gás de São Paulo - COMGÁS
SA:CGAS3
|
$23.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korea SPAC 2's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 79,897,681,220 to 95,215,663,260, a change of 15,317,982,040 (19.2%).
- Net loss of 3,409,920,780 reduced equity.
- Other factors increased equity by 18,727,902,820.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-3.41 Billion | -3.58% |
| Other Changes | ₩18.73 Billion | +19.67% |
| Total Change | ₩- | 19.17% |
Book Value vs Market Value Analysis
This analysis compares Korea SPAC 2'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: 0.47x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩2309.85 | ₩1198.00 | x |
| 2017-12-31 | ₩1613.21 | ₩1198.00 | x |
| 2018-12-31 | ₩747.43 | ₩1198.00 | x |
| 2019-12-31 | ₩2027.72 | ₩1198.00 | x |
| 2020-12-31 | ₩2269.55 | ₩1198.00 | x |
| 2021-12-31 | ₩3105.03 | ₩1198.00 | x |
| 2022-12-31 | ₩2425.63 | ₩1198.00 | x |
| 2023-12-31 | ₩2654.56 | ₩1198.00 | x |
| 2024-12-31 | ₩2538.47 | ₩1198.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korea SPAC 2 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): -3.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.48%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.10x
- Recent ROE (-3.58%) is above the historical average (-43.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -37.68% | -41.18% | 0.80x | 1.15x | ₩-10.56 Billion |
| 2016 | -39.66% | -32.76% | 1.00x | 1.21x | ₩-8.31 Billion |
| 2017 | -92.04% | -64.58% | 1.06x | 1.34x | ₩-13.53 Billion |
| 2018 | -210.94% | -95.37% | 0.61x | 3.65x | ₩-15.00 Billion |
| 2019 | 5.56% | 11.77% | 0.36x | 1.31x | ₩-1.50 Billion |
| 2020 | -25.56% | -137.16% | 0.13x | 1.46x | ₩-17.94 Billion |
| 2021 | 10.18% | 40.97% | 0.16x | 1.53x | ₩150.49 Million |
| 2022 | -31.25% | -100.27% | 0.22x | 1.45x | ₩-28.85 Billion |
| 2023 | -9.87% | -79.48% | 0.08x | 1.54x | ₩-15.87 Billion |
| 2024 | -3.58% | -13.48% | 0.24x | 1.10x | ₩-12.93 Billion |
Industry Comparison
This section compares Korea SPAC 2'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 |
|---|---|---|---|---|
| Korea SPAC 2 (206400) | ₩77.84 Billion | -37.68% | 0.08x | $23.99 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 |