Incross Co. Ltd (216050) - Net Assets
Based on the latest financial reports, Incross Co. Ltd (216050) has net assets worth ₩125.73 Billion KRW (≈ $85.21 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 (₩248.82 Billion ≈ $168.62 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. Check 216050 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩125.73 Billion |
| % of Total Assets | 50.53% |
| Annual Growth Rate | 21.09% |
| 5-Year Change | 61.04% |
| 10-Year Change | N/A |
| Growth Volatility | 34.38 |
Incross Co. Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Incross Co. Ltd's net assets have evolved over time, based on quarterly financial data. See 216050 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Incross Co. Ltd (2015–2024)
The table below shows the annual net assets of Incross Co. Ltd from 2015 to 2024. For live valuation and market cap data, see Incross Co. Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 3125.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩93.79 Billion | 78.15% |
| Common Stock | ₩6.42 Billion | 5.35% |
| Other Components | ₩19.81 Billion | 16.50% |
| Total Equity | ₩120.02 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 |
|---|---|
|
Orbis AG
XETRA:OBS
|
$43.94 Million |
|
KESM Industries Bhd
KLSE:9334
|
$43.95 Million |
|
K Seng Seng Corporation Bhd
KLSE:5192
|
$43.96 Million |
|
KWG Group Holdings Limited
F:KOU
|
$43.97 Million |
|
TNR Gold Corp.
V:TNR
|
$43.92 Million |
|
Johnson Matthey PLC
LSE:JMAT
|
$43.91 Million |
|
SP Systems Co.Ltd
KQ:317830
|
$43.91 Million |
|
Sam Jung Pulp
KO:009770
|
$43.88 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 2023 to 2024, total equity changed from 114,422,411,710 to 120,023,471,240, a change of 5,601,059,530 (4.9%).
- Net income of 9,732,538,550 contributed positively to equity growth.
- Dividend payments of 3,874,530,990 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩9.73 Billion | +8.11% |
| Dividends Paid | ₩3.87 Billion | -3.23% |
| Other Changes | ₩-256.95 Million | -0.21% |
| Total Change | ₩- | 4.90% |
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: 0.54x
- 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 1.40x to 0.54x 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 | ₩5370.00 | x |
| 2017-12-31 | ₩4723.03 | ₩5370.00 | x |
| 2018-12-31 | ₩4960.90 | ₩5370.00 | x |
| 2019-12-31 | ₩5379.91 | ₩5370.00 | x |
| 2020-12-31 | ₩6197.79 | ₩5370.00 | x |
| 2021-12-31 | ₩7747.42 | ₩5370.00 | x |
| 2022-12-31 | ₩8791.52 | ₩5370.00 | x |
| 2023-12-31 | ₩9479.75 | ₩5370.00 | x |
| 2024-12-31 | ₩9943.79 | ₩5370.00 | 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): 8.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.94%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.36x
- Recent ROE (8.11%) is below the historical average (12.70%), 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 |
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: $386,990,089,690
- Average return on equity (ROE) among peers: 6.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Incross Co. Ltd (216050) | ₩125.73 Billion | -0.68% | 0.98x | $43.93 Million |
| Oricom Inc (010470) | $82.87 Billion | 7.16% | 1.36x | $39.01 Million |
| Cheil Worldwide (030000) | $1.47 Trillion | 14.08% | 1.24x | $1.32 Billion |
| GIIR Inc (035000) | $146.08 Billion | 10.23% | 2.47x | $77.87 Million |
| Yg Plus Inc (037270) | $159.43 Billion | 7.30% | 0.51x | $161.62 Million |
| Nasmedia Co. Ltd (089600) | $212.93 Billion | 7.85% | 1.41x | $77.69 Million |
| KB SPAC 7 (214270) | $59.86 Billion | -13.44% | 4.44x | $43.26 Million |
| Innocean Worldwide Inc (214320) | $678.25 Billion | 9.63% | 1.47x | $530.22 Million |
| Echomarketing Co.Ltd (230360) | $282.48 Billion | 10.65% | 0.43x | $336.12 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