Incross Co. Ltd (216050) - Net Assets
Based on the latest financial reports, Incross Co. Ltd (216050) has net assets worth ₩128.52 Billion KRW (≈ $87.10 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 (₩251.60 Billion ≈ $170.51 Million USD) and total liabilities (₩123.08 Billion ≈ $83.41 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. Also explore Incross Co. Ltd asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩128.52 Billion |
| % of Total Assets | 51.08% |
| Annual Growth Rate | 19.75% |
| 5-Year Change | 39.77% |
| 10-Year Change | 178.08% |
| Growth Volatility | 32.98 |
Incross Co. Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Incross Co. Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of Incross Co. Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Incross Co. Ltd (2015–2025)
The table below shows the annual net assets of Incross Co. Ltd from 2015 to 2025. For live valuation and market cap data, see how much is Incross Co. Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩130.00 Billion ≈ $88.10 Million |
+8.31% |
| 2024-12-31 | ₩120.02 Billion ≈ $81.34 Million |
+4.90% |
| 2023-12-31 | ₩114.42 Billion ≈ $77.54 Million |
+7.99% |
| 2022-12-31 | ₩105.96 Billion ≈ $71.81 Million |
+13.92% |
| 2021-12-31 | ₩93.01 Billion ≈ $63.03 Million |
+24.79% |
| 2020-12-31 | ₩74.53 Billion ≈ $50.51 Million |
+13.36% |
| 2019-12-31 | ₩65.74 Billion ≈ $44.55 Million |
+4.46% |
| 2018-12-31 | ₩62.94 Billion ≈ $42.65 Million |
+1.68% |
| 2017-12-31 | ₩61.90 Billion ≈ $41.95 Million |
+32.41% |
| 2016-12-31 | ₩46.75 Billion ≈ $31.68 Million |
+118.10% |
| 2015-12-31 | ₩21.43 Billion ≈ $14.53 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Incross Co. Ltd'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 3448.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩103.18 Billion | 79.37% |
| Other Components | ₩26.82 Billion | 20.63% |
| Total Equity | ₩130.00 Billion | 100.00% |
Incross Co. Ltd Competitors by Market Cap
The table below lists competitors of Incross Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FOODWELL Co. Ltd
KQ:005670
|
$38.34 Million |
|
Ribbon Acquisition Corp Class A Ordinary Shares
NASDAQ:RIBB
|
$38.34 Million |
|
Comtrend Corp
TWO:8089
|
$38.36 Million |
|
OKYO PHARMA LTD SP.ADR/65
F:OK10
|
$38.38 Million |
|
Grande Portage Resources Ltd
V:GPG
|
$38.32 Million |
|
UNITEKNO Co.Ltd
KQ:241690
|
$38.31 Million |
|
BluMetric Environmental Inc
V:BLM
|
$38.30 Million |
|
RenovoRx Inc
NASDAQ:RNXT
|
$38.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Incross Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 120,023,471,240 to 129,997,941,330, a change of 9,974,470,090 (8.3%).
- Net income of 11,986,480,200 contributed positively to equity growth.
- Dividend payments of 2,920,985,980 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩11.99 Billion | +9.22% |
| Dividends Paid | ₩2.92 Billion | -2.25% |
| Other Changes | ₩908.98 Million | +0.7% |
| Total Change | ₩- | 8.31% |
Book Value vs Market Value Analysis
This analysis compares Incross Co. Ltd'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: 0.43x
- 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 1.22x to 0.43x 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 | ₩3828.06 | ₩4685.00 | x |
| 2017-12-31 | ₩4723.03 | ₩4685.00 | x |
| 2018-12-31 | ₩4960.90 | ₩4685.00 | x |
| 2019-12-31 | ₩5379.91 | ₩4685.00 | x |
| 2020-12-31 | ₩6197.79 | ₩4685.00 | x |
| 2021-12-31 | ₩7747.42 | ₩4685.00 | x |
| 2022-12-31 | ₩8791.52 | ₩4685.00 | x |
| 2023-12-31 | ₩9479.75 | ₩4685.00 | x |
| 2024-12-31 | ₩9943.79 | ₩4685.00 | x |
| 2025-12-31 | ₩10770.17 | ₩4685.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Incross Co. Ltd 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): 9.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.74%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.27x
- Recent ROE (9.22%) is below the historical average (12.39%), 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 | -0.68% | -0.55% | 0.50x | 2.47x | ₩-2.29 Billion |
| 2016 | 13.53% | 20.11% | 0.35x | 1.94x | ₩1.65 Billion |
| 2017 | 13.40% | 22.56% | 0.29x | 2.02x | ₩2.10 Billion |
| 2018 | 13.71% | 24.12% | 0.29x | 1.93x | ₩2.33 Billion |
| 2019 | 14.17% | 27.03% | 0.24x | 2.19x | ₩2.74 Billion |
| 2020 | 16.51% | 31.20% | 0.22x | 2.41x | ₩4.85 Billion |
| 2021 | 22.70% | 40.76% | 0.22x | 2.48x | ₩11.81 Billion |
| 2022 | 14.54% | 28.90% | 0.23x | 2.24x | ₩4.81 Billion |
| 2023 | 11.04% | 26.99% | 0.22x | 1.86x | ₩1.19 Billion |
| 2024 | 8.11% | 19.94% | 0.17x | 2.36x | ₩-2.27 Billion |
| 2025 | 9.22% | 23.74% | 0.17x | 2.27x | ₩-1.01 Billion |
Industry Comparison
This section compares Incross Co. Ltd's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $308,570,428,909
- Average return on equity (ROE) among peers: 3.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Incross Co. Ltd (216050) | ₩128.52 Billion | -0.68% | 0.96x | $38.32 Million |
| Oricom Inc (010470) | $-41.78 Billion | 0.00% | 0.00x | $36.08 Million |
| Cheil Worldwide (030000) | $511.39 Billion | 16.95% | 1.59x | $1.30 Billion |
| GIIR Inc (035000) | $145.33 Billion | 6.22% | 2.65x | $70.73 Million |
| Yg Plus Inc (037270) | $104.05 Billion | -3.45% | 0.12x | $136.26 Million |
| Nasmedia Co. Ltd (089600) | $239.40 Billion | -2.69% | 1.06x | $78.15 Million |
| KB SPAC 7 (214270) | $108.27 Billion | 0.08% | 1.19x | $39.23 Million |
| Innocean Worldwide Inc (214320) | $1.09 Trillion | 8.39% | 1.54x | $515.85 Million |
About Incross Co. Ltd
Incross Co., Ltd. engages in mobile advertising business in South Korea. The company operates digital advertisement platforms. It also operates T deal, a trading platform for telecom users. In addition, the company offers Dawin, a video and mobile display ad network and ASUM, big data advertising platform. Further, it provides i-CAST, an advertising analytics solution for report making; Ad Bridge… Read more