KB SPAC 5 (208350) - Net Assets
Based on the latest financial reports, KB SPAC 5 (208350) has net assets worth ₩64.66 Billion KRW (≈ $43.82 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 (₩83.86 Billion ≈ $56.83 Million USD) and total liabilities (₩19.20 Billion ≈ $13.01 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 208350 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩64.66 Billion |
| % of Total Assets | 77.11% |
| Annual Growth Rate | 21.91% |
| 5-Year Change | 10.64% |
| 10-Year Change | N/A |
| Growth Volatility | 53.29 |
KB SPAC 5 - Net Assets Trend (2015–2024)
This chart illustrates how KB SPAC 5's net assets have evolved over time, based on quarterly financial data. Also explore KB SPAC 5 balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for KB SPAC 5 (2015–2024)
The table below shows the annual net assets of KB SPAC 5 from 2015 to 2024. For live valuation and market cap data, see 208350 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩47.65 Billion ≈ $32.29 Million |
-9.14% |
| 2023-12-31 | ₩52.44 Billion ≈ $35.54 Million |
+24.18% |
| 2022-12-31 | ₩42.23 Billion ≈ $28.62 Million |
+7.03% |
| 2021-12-31 | ₩39.46 Billion ≈ $26.74 Million |
-8.38% |
| 2020-12-31 | ₩43.07 Billion ≈ $29.19 Million |
-2.35% |
| 2019-12-31 | ₩44.10 Billion ≈ $29.89 Million |
+4.04% |
| 2018-12-31 | ₩42.39 Billion ≈ $28.73 Million |
+10.66% |
| 2017-12-31 | ₩38.31 Billion ≈ $25.96 Million |
+83.74% |
| 2016-12-31 | ₩20.85 Billion ≈ $14.13 Million |
+160.42% |
| 2015-12-31 | ₩8.01 Billion ≈ $5.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to KB SPAC 5'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 451.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩17.86 Billion | 37.49% |
| Common Stock | ₩4.42 Billion | 9.27% |
| Other Components | ₩25.37 Billion | 53.24% |
| Total Equity | ₩47.65 Billion | 100.00% |
KB SPAC 5 Competitors by Market Cap
The table below lists competitors of KB SPAC 5 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TAO Synergies Inc.
NASDAQ:TAOX
|
$18.59 Million |
|
Predictive Oncology Inc
NASDAQ:POAI
|
$18.60 Million |
|
Blender Financial Technologies Ltd
TA:BLND
|
$18.60 Million |
|
Reko International Group Inc
V:REKO
|
$18.61 Million |
|
Neungyule Education Inc
KQ:053290
|
$18.58 Million |
|
EAT WELL INVESTMENT GROUP
F:6BC0
|
$18.57 Million |
|
Majuperak Holdings Bhd
KLSE:8141
|
$18.57 Million |
|
Formosa Ingredient Factory PT Tbk
JK:BOBA
|
$18.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KB SPAC 5's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 52,444,663,440 to 47,650,504,030, a change of -4,794,159,410 (-9.1%).
- Net loss of 1,333,107,850 reduced equity.
- Share repurchases of 3,041,547,570 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-1.33 Billion | -2.8% |
| Share Repurchases | ₩3.04 Billion | -6.38% |
| Other Changes | ₩-419.50 Million | -0.88% |
| Total Change | ₩- | -9.14% |
Book Value vs Market Value Analysis
This analysis compares KB SPAC 5'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: 0.55x
- 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 1.05x to 0.55x 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 | ₩3210.60 | ₩3385.00 | x |
| 2017-12-31 | ₩3582.05 | ₩3385.00 | x |
| 2018-12-31 | ₩3686.39 | ₩3385.00 | x |
| 2019-12-31 | ₩5177.45 | ₩3385.00 | x |
| 2020-12-31 | ₩4962.91 | ₩3385.00 | x |
| 2021-12-31 | ₩4547.04 | ₩3385.00 | x |
| 2022-12-31 | ₩4778.92 | ₩3385.00 | x |
| 2023-12-31 | ₩6260.38 | ₩3385.00 | x |
| 2024-12-31 | ₩6171.09 | ₩3385.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KB SPAC 5 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): -2.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.91%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.79x
- Recent ROE (-2.80%) is below the historical average (2.42%), 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 | 1.44% | 0.00% | 0.00x | 1.43x | ₩-685.30 Million |
| 2016 | -9.17% | -9.62% | 0.71x | 1.35x | ₩-4.00 Billion |
| 2017 | 15.41% | 13.54% | 0.63x | 1.82x | ₩2.07 Billion |
| 2018 | 4.80% | 3.75% | 0.60x | 2.12x | ₩-2.20 Billion |
| 2019 | 6.13% | 4.40% | 0.62x | 2.25x | ₩-1.71 Billion |
| 2020 | -3.07% | -2.12% | 0.60x | 2.42x | ₩-5.63 Billion |
| 2021 | -14.51% | -9.99% | 0.55x | 2.65x | ₩-9.67 Billion |
| 2022 | 3.44% | 2.22% | 0.53x | 2.93x | ₩-2.77 Billion |
| 2023 | 22.53% | 33.49% | 0.38x | 1.76x | ₩6.57 Billion |
| 2024 | -2.80% | -3.91% | 0.40x | 1.79x | ₩-6.10 Billion |
Industry Comparison
This section compares KB SPAC 5's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $69,869,345,200
- Average return on equity (ROE) among peers: 6.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KB SPAC 5 (208350) | ₩64.66 Billion | 1.44% | 0.30x | $18.58 Million |
| Douzone Bizon Co Ltd (012510) | $117.67 Billion | 9.16% | 0.79x | $2.28 Billion |
| NuriFlex Co.Ltd (040160) | $79.53 Billion | 0.79% | 0.93x | $128.40 Million |
| Raonsecure Co. Ltd (042510) | $38.00 Billion | 17.55% | 1.02x | $91.98 Million |
| Osangjaiel Co. Ltd (053980) | $64.51 Billion | 7.09% | 0.47x | $42.11 Million |
| Gemvaxlink Co. Ltd (064800) | $98.04 Billion | 2.92% | 2.90x | $68.25 Million |
| Mobileleader Co.Ltd (100030) | $52.35 Billion | 5.01% | 0.18x | $34.15 Million |
| Selvas Ai Inc. (108860) | $168.52 Billion | -1.51% | 0.14x | $239.67 Million |
| RSUPPORT Co. Ltd (131370) | $53.89 Billion | 9.30% | 0.09x | $91.85 Million |
| KineMaster Corporation (139670) | $14.28 Billion | 17.22% | 0.16x | $20.57 Million |
| Bflysoft Co. Ltd. (148780) | $11.91 Billion | -0.39% | 0.38x | $27.38 Million |
About KB SPAC 5
Jiransecurity Co.,Ltd, a security software company, provides solutions and maintenance services for corporate information security and data management. The company offers malware/threat response solutions, including SaniTOX, an attachment malware response solution; and MudFix, a malicious email simulation training solution. It also provides mail security solutions, such as SpamSniper, an integrat… Read more