KB SPAC 6 (208640) - Net Assets
Based on the latest financial reports, KB SPAC 6 (208640) has net assets worth ₩11.83 Billion KRW (≈ $8.02 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 (₩13.01 Billion ≈ $8.82 Million USD) and total liabilities (₩1.18 Billion ≈ $796.87K 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 KB SPAC 6 tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩11.83 Billion |
| % of Total Assets | 90.96% |
| Annual Growth Rate | 3.68% |
| 5-Year Change | -72.97% |
| 10-Year Change | -62.24% |
| Growth Volatility | 107.67 |
KB SPAC 6 - Net Assets Trend (2015–2025)
This chart illustrates how KB SPAC 6's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of KB SPAC 6 to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for KB SPAC 6 (2015–2025)
The table below shows the annual net assets of KB SPAC 6 from 2015 to 2025. For live valuation and market cap data, see KB SPAC 6 market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩12.93 Billion ≈ $8.76 Million |
-42.91% |
| 2024-12-31 | ₩22.64 Billion ≈ $15.34 Million |
-12.85% |
| 2023-12-31 | ₩25.98 Billion ≈ $17.61 Million |
-24.52% |
| 2022-12-31 | ₩34.42 Billion ≈ $23.33 Million |
-28.01% |
| 2021-12-31 | ₩47.82 Billion ≈ $32.41 Million |
+101.59% |
| 2020-12-31 | ₩23.72 Billion ≈ $16.08 Million |
-7.43% |
| 2019-12-31 | ₩25.63 Billion ≈ $17.37 Million |
+177.92% |
| 2018-12-31 | ₩9.22 Billion ≈ $6.25 Million |
-66.00% |
| 2017-12-31 | ₩27.12 Billion ≈ $18.38 Million |
-20.79% |
| 2016-12-31 | ₩34.23 Billion ≈ $23.20 Million |
+280.11% |
| 2015-12-31 | ₩9.01 Billion ≈ $6.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to KB SPAC 6'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 1688.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩106.10 Billion | 820.82% |
| Total Equity | ₩12.93 Billion | 100.00% |
KB SPAC 6 Competitors by Market Cap
The table below lists competitors of KB SPAC 6 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zeta Network Group
NASDAQ:ZNB
|
$1.14 Million |
|
Biomotion Sciences Ordinary Shares
NASDAQ:SLXN
|
$1.14 Million |
|
Spectra7 Microsystems Inc
V:SEV
|
$1.15 Million |
|
ARMATURA S.A.
RO:ARM
|
$1.15 Million |
|
NANOSPHERE
F:3NS
|
$1.14 Million |
|
Goldhills Holding Ltd
V:GHL
|
$1.14 Million |
|
Starbox Group Holdings Ltd. Ordinary Shares
NASDAQ:STBX
|
$1.14 Million |
|
Devolver Digital Inc
LSE:DEVO
|
$1.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KB SPAC 6's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,642,022,130 to 12,925,716,800, a change of -9,716,305,330 (-42.9%).
- Net loss of 9,267,347,370 reduced equity.
- Other factors decreased equity by 448,957,960.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-9.27 Billion | -71.7% |
| Other Changes | ₩-448.96 Million | -3.47% |
| Total Change | ₩- | -42.91% |
Book Value vs Market Value Analysis
This analysis compares KB SPAC 6'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: 0.13x
- 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 0.28x to 0.13x 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 | ₩438.14 | ₩121.00 | x |
| 2017-12-31 | ₩339.10 | ₩121.00 | x |
| 2018-12-31 | ₩112.61 | ₩121.00 | x |
| 2019-12-31 | ₩205.13 | ₩121.00 | x |
| 2020-12-31 | ₩175.68 | ₩121.00 | x |
| 2021-12-31 | ₩349.88 | ₩121.00 | x |
| 2022-12-31 | ₩247.22 | ₩121.00 | x |
| 2023-12-31 | ₩186.59 | ₩121.00 | x |
| 2024-12-31 | ₩162.61 | ₩121.00 | x |
| 2025-12-31 | ₩928.30 | ₩121.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KB SPAC 6 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): -71.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -153.98%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.10x
- Recent ROE (-71.70%) is below the historical average (-55.58%), 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 | 3.53% | 3.33% | 0.77x | 1.37x | ₩-582.77 Million |
| 2016 | -20.48% | -115.82% | 0.16x | 1.10x | ₩-10.43 Billion |
| 2017 | -31.09% | -237.19% | 0.13x | 1.04x | ₩-11.14 Billion |
| 2018 | -297.97% | -772.94% | 0.09x | 4.46x | ₩-28.40 Billion |
| 2019 | -52.25% | -367.00% | 0.08x | 1.70x | ₩-15.95 Billion |
| 2020 | -32.50% | -110.04% | 0.18x | 1.64x | ₩-10.08 Billion |
| 2021 | 31.38% | 41.41% | 0.71x | 1.07x | ₩10.22 Billion |
| 2022 | -62.31% | -171.34% | 0.26x | 1.39x | ₩-24.89 Billion |
| 2023 | -47.54% | -106.84% | 0.30x | 1.50x | ₩-14.95 Billion |
| 2024 | -30.42% | -49.28% | 0.56x | 1.11x | ₩-9.15 Billion |
| 2025 | -71.70% | -153.98% | 0.42x | 1.10x | ₩-10.56 Billion |
Industry Comparison
This section compares KB SPAC 6's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $601,016,935,798
- Average return on equity (ROE) among peers: 1.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KB SPAC 6 (208640) | ₩11.83 Billion | 3.53% | 0.10x | $1.14 Million |
| Barunson Entertainment & Arts Corporation (035620) | $76.18 Billion | -24.70% | 0.35x | $12.70 Million |
| NCsoft Corp (036570) | $1.38 Trillion | 16.72% | 0.23x | $3.41 Billion |
| HANBIT SOFT Inc (047080) | $14.91 Billion | 16.05% | 1.89x | $22.44 Million |
| Actoz Soft Co.Ltd (052790) | $115.47 Billion | -1.82% | 0.28x | $34.65 Million |
| JOYCITY Corporation (067000) | $33.90 Billion | -33.89% | 0.49x | $53.25 Million |
| Com2uS Corporation (078340) | $1.07 Trillion | 3.41% | 0.51x | $196.62 Million |
| SundayToz Corp (123420) | $85.27 Billion | 56.73% | 0.29x | $43.98 Million |
| Nhn Entertain (181710) | $2.10 Trillion | 5.57% | 0.44x | $860.73 Million |
| DoubleU Games Co Ltd (192080) | $1.01 Trillion | -13.14% | 0.23x | $871.49 Million |
| Devsisters corporation (194480) | $134.84 Billion | -13.88% | 0.11x | $124.02 Million |
About KB SPAC 6
Thumbage Co., Ltd. develops and sells online and mobile games in South Korea. Thumbage Co., Ltd. was founded in 2013 and is headquartered in Seongnam-si, South Korea.