NH SPAC 5 (215790) - Net Assets
Based on the latest financial reports, NH SPAC 5 (215790) has net assets worth ₩35.18 Billion KRW (≈ $23.84 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 (₩69.53 Billion ≈ $47.12 Million USD) and total liabilities (₩34.35 Billion ≈ $23.28 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 215790 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩35.18 Billion |
| % of Total Assets | 50.6% |
| Annual Growth Rate | 10.76% |
| 5-Year Change | -63.45% |
| 10-Year Change | N/A |
| Growth Volatility | 116.13 |
NH SPAC 5 - Net Assets Trend (2016–2025)
This chart illustrates how NH SPAC 5's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of NH SPAC 5 to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for NH SPAC 5 (2016–2025)
The table below shows the annual net assets of NH SPAC 5 from 2016 to 2025. For live valuation and market cap data, see how much is NH SPAC 5 worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩34.18 Billion ≈ $23.16 Million |
-23.03% |
| 2024-12-31 | ₩44.41 Billion ≈ $30.09 Million |
-43.84% |
| 2023-12-31 | ₩79.07 Billion ≈ $53.58 Million |
-19.01% |
| 2022-12-31 | ₩97.63 Billion ≈ $66.16 Million |
+4.41% |
| 2021-12-31 | ₩93.50 Billion ≈ $63.37 Million |
+23.08% |
| 2020-12-31 | ₩75.97 Billion ≈ $51.48 Million |
+104.99% |
| 2019-12-31 | ₩37.06 Billion ≈ $25.12 Million |
-37.87% |
| 2018-12-31 | ₩59.65 Billion ≈ $40.42 Million |
-1.72% |
| 2017-12-31 | ₩60.70 Billion ≈ $41.13 Million |
+345.46% |
| 2016-12-31 | ₩13.63 Billion ≈ $9.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NH 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 decreased by 12572.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩63.26 Billion | 185.08% |
| Total Equity | ₩34.18 Billion | 100.00% |
NH SPAC 5 Competitors by Market Cap
The table below lists competitors of NH SPAC 5 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Firetail Resources Ltd
AU:FTL
|
$40.98 Million |
|
Persimmon PLC
LSE:PSN
|
$41.01 Million |
|
LORDS CHLORO ALKALI ORD T (BSE)
NSE:LORDSCHLO
|
$41.02 Million |
|
Ascelia Pharma AB (publ)
ST:ACE
|
$41.03 Million |
|
Connexa Sports Technologies Inc.
NASDAQ:YYAI
|
$40.96 Million |
|
SIFCO Industries Inc
NYSE MKT:SIF
|
$40.95 Million |
|
Beshom Holdings Bhd
KLSE:7668
|
$40.95 Million |
|
TegoScience Inc
KQ:191420
|
$40.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NH SPAC 5's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 44,405,960,650 to 34,177,979,270, a change of -10,227,981,380 (-23.0%).
- Net loss of 11,122,636,610 reduced equity.
- Other factors increased equity by 894,655,230.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-11.12 Billion | -32.54% |
| Other Changes | ₩894.66 Million | +2.62% |
| Total Change | ₩- | -23.03% |
Book Value vs Market Value Analysis
This analysis compares NH 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: 1.77x
- 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 0.17x to 1.77x 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 | ₩8650.00 | ₩1501.00 | x |
| 2017-12-31 | ₩2699.56 | ₩1501.00 | x |
| 2018-12-31 | ₩2613.99 | ₩1501.00 | x |
| 2019-12-31 | ₩1624.04 | ₩1501.00 | x |
| 2020-12-31 | ₩1885.92 | ₩1501.00 | x |
| 2021-12-31 | ₩2321.20 | ₩1501.00 | x |
| 2022-12-31 | ₩2423.58 | ₩1501.00 | x |
| 2023-12-31 | ₩1962.87 | ₩1501.00 | x |
| 2024-12-31 | ₩1102.37 | ₩1501.00 | x |
| 2025-12-31 | ₩848.46 | ₩1501.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NH 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): -32.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.46%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.91x
- Recent ROE (-32.54%) is below the historical average (-18.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.96% | 0.15% | 5.87x | 1.10x | ₩-1.23 Billion |
| 2017 | 7.02% | 6.22% | 0.84x | 1.34x | ₩-1.81 Billion |
| 2018 | -7.06% | -8.43% | 0.42x | 2.00x | ₩-10.17 Billion |
| 2019 | -65.60% | -55.90% | 0.41x | 2.86x | ₩-28.02 Billion |
| 2020 | 6.98% | 12.61% | 0.38x | 1.45x | ₩-2.29 Billion |
| 2021 | 10.90% | 21.58% | 0.38x | 1.34x | ₩844.71 Million |
| 2022 | 5.76% | 11.28% | 0.39x | 1.31x | ₩-4.14 Billion |
| 2023 | -22.87% | -41.22% | 0.39x | 1.41x | ₩-25.99 Billion |
| 2024 | -88.80% | -95.77% | 0.51x | 1.81x | ₩-43.87 Billion |
| 2025 | -32.54% | -25.46% | 0.67x | 1.91x | ₩-14.54 Billion |
Industry Comparison
This section compares NH SPAC 5's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $149,275,356,190
- Average return on equity (ROE) among peers: 0.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NH SPAC 5 (215790) | ₩35.18 Billion | 0.96% | 0.98x | $40.98 Million |
| Gaon Cable (000500) | $264.68 Billion | 1.72% | 0.95x | $4.32 Billion |
| Huneed Tech (005870) | $162.81 Billion | -6.13% | 0.91x | $47.82 Million |
| Taihan Fiber Optics Co. Ltd (010170) | $152.54 Billion | -17.96% | 0.76x | $1.65 Billion |
| Humax Holdings Co. Ltd (028080) | $318.42 Billion | 4.63% | 0.20x | $9.10 Million |
| Comtec Sys (031820) | $46.31 Billion | 6.45% | 1.38x | $470.88 Million |
| KMW Inc. (032500) | $101.87 Billion | -13.03% | 1.90x | $672.35 Million |
| Insung Information Co. Ltd (033230) | $43.24 Billion | 2.63% | 0.96x | $41.56 Million |
| Bluecom Co. Ltd (033560) | $160.04 Billion | 19.37% | 0.16x | $38.79 Million |
| Kisan Telecom Co. Ltd (035460) | $55.26 Billion | 3.02% | 0.59x | $26.03 Million |
| Samji Electronics Co. Ltd (037460) | $187.58 Billion | 7.15% | 2.03x | $412.85 Million |
About NH SPAC 5
Inno Instrument Inc. engages in the manufacture and sale of communication equipment worldwide. The company offers fusion splicers; fiber cleavers; test and measurement products, such as optical time domain reflectometers, optical fiber testers, fiber microscopes, and power meters; and 5G and RF solutions, such as 5G spectrum analyzers, 5G distributed antenna systems (DAS), and cable antenna analy… Read more