IBKS No3 SPAC
KMPHARMACEUTICAL Co.,Ltd. engages in the manufacture, wholesale, and retail of oral care, beauty care, and other daily necessities in South Korea and internationally. The company offers toothpastes, toothbrushes, cosmetics, masks, hand cream, toothbrush and toothpaste, kids toothbrush, and baby finger toothbrush sets. It also provides children's safety gargles, baby and light wipes, wet wipes, an… Read more
IBKS No3 SPAC (225430) - Net Assets
Latest net assets as of September 2025: ₩29.81 Billion KRW
Based on the latest financial reports, IBKS No3 SPAC (225430) has net assets worth ₩29.81 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩47.78 Billion) and total liabilities (₩17.96 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩29.81 Billion |
| % of Total Assets | 62.4% |
| Annual Growth Rate | 16.18% |
| 5-Year Change | -20.01% |
| 10-Year Change | N/A |
| Growth Volatility | 59.46 |
IBKS No3 SPAC - Net Assets Trend (2015–2024)
This chart illustrates how IBKS No3 SPAC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for IBKS No3 SPAC (2015–2024)
The table below shows the annual net assets of IBKS No3 SPAC from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩32.62 Billion | -8.07% |
| 2023-12-31 | ₩35.48 Billion | -2.34% |
| 2022-12-31 | ₩36.33 Billion | -8.97% |
| 2021-12-31 | ₩39.91 Billion | -2.13% |
| 2020-12-31 | ₩40.77 Billion | +68.53% |
| 2019-12-31 | ₩24.19 Billion | +1.51% |
| 2018-12-31 | ₩23.83 Billion | +181.21% |
| 2017-12-31 | ₩8.48 Billion | +0.18% |
| 2016-12-31 | ₩8.46 Billion | +0.08% |
| 2015-12-31 | ₩8.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to IBKS No3 SPAC'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 3495055.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩2.79 Billion | 8.55% |
| Other Components | ₩43.86 Billion | 134.48% |
| Total Equity | ₩32.62 Billion | 100.00% |
IBKS No3 SPAC Competitors by Market Cap
The table below lists competitors of IBKS No3 SPAC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ackroo Inc
PINK:AKRFF
|
$4.75 Million |
|
Colabor Group Inc
PINK:COLFF
|
$4.75 Million |
|
Bakken Water Transfer Services Inc
PINK:BWTX
|
$4.75 Million |
|
Photozou Holdings Inc
PINK:PTZH
|
$4.75 Million |
|
Inmobiliaria Park Rose Iberoamericana SOCIMI SA
MC:YPARK
|
$4.74 Million |
|
Ragnar Metals Ltd
AU:RAG
|
$4.74 Million |
|
Lucas GC Limited Ordinary Shares
NASDAQ:LGCL
|
$4.74 Million |
|
The GrowHub Limited Class A Ordinary Shares
NASDAQ:TGHL
|
$4.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IBKS No3 SPAC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,478,598,070 to 32,615,111,340, a change of -2,863,486,730 (-8.1%).
- Net loss of 4,573,316,060 reduced equity.
- Other factors increased equity by 1,709,829,330.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-4.57 Billion | -14.02% |
| Other Changes | ₩1.71 Billion | +5.24% |
| Total Change | ₩- | -8.07% |
Book Value vs Market Value Analysis
This analysis compares IBKS No3 SPAC'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: 0.35x
- 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 increased from 0.23x to 0.35x 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 | ₩1790.57 | ₩408.00 | x |
| 2017-12-31 | ₩1793.71 | ₩408.00 | x |
| 2018-12-31 | ₩1141.39 | ₩408.00 | x |
| 2019-12-31 | ₩1077.39 | ₩408.00 | x |
| 2020-12-31 | ₩1462.11 | ₩408.00 | x |
| 2021-12-31 | ₩1430.99 | ₩408.00 | x |
| 2022-12-31 | ₩1302.68 | ₩408.00 | x |
| 2023-12-31 | ₩1272.23 | ₩408.00 | x |
| 2024-12-31 | ₩1169.54 | ₩408.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IBKS No3 SPAC 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): -14.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -31.60%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.50x
- Recent ROE (-14.02%) is below the historical average (-8.31%), 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 | 0.00% | 0.00% | 0.00x | 1.17x | ₩-844.95 Million |
| 2016 | 0.08% | 0.00% | 0.00x | 1.17x | ₩-839.15 Million |
| 2017 | 0.18% | 0.00% | 0.00x | 1.18x | ₩-832.63 Million |
| 2018 | -51.73% | -71.26% | 0.53x | 1.37x | ₩-14.71 Billion |
| 2019 | -3.73% | -4.44% | 0.47x | 1.78x | ₩-3.32 Billion |
| 2020 | 1.15% | 2.05% | 0.46x | 1.23x | ₩-3.61 Billion |
| 2021 | -0.55% | -0.97% | 0.43x | 1.32x | ₩-4.21 Billion |
| 2022 | -10.80% | -25.11% | 0.30x | 1.41x | ₩-7.56 Billion |
| 2023 | -3.72% | -7.43% | 0.35x | 1.42x | ₩-4.87 Billion |
| 2024 | -14.02% | -31.60% | 0.30x | 1.50x | ₩-7.83 Billion |
Industry Comparison
This section compares IBKS No3 SPAC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $149,104,831,452
- Average return on equity (ROE) among peers: 9.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IBKS No3 SPAC (225430) | ₩29.81 Billion | 0.00% | 0.60x | $4.74 Million |
| Sk Securities (001510) | $415.08 Billion | 2.76% | 8.45x | $343.46 Million |
| SK Securities Co Ltd Preference Shares (001515) | $570.16 Billion | 5.48% | 6.26x | $227.73 Million |
| Atinum Investment Co. Ltd (021080) | $60.94 Billion | 16.94% | 0.12x | $67.17 Million |
| Stic Investments Inc (026890) | $99.69 Billion | 2.97% | 0.43x | $99.24 Million |
| Woori Technology Investment Co. Ltd (041190) | $51.07 Billion | 6.38% | 0.01x | $251.72 Million |
| Shinyoung HappyTomorrow SPAC 2 (225590) | $31.64 Billion | 3.83% | 0.37x | $9.08 Million |
| DSC Investment Inc (241520) | $30.04 Billion | 17.63% | 0.61x | $189.72 Million |
| T.S. Investment Corp. (246690) | $64.40 Billion | 15.42% | 0.52x | $24.25 Million |
| SV Investment Corporation (289080) | $18.93 Billion | 11.17% | 0.53x | $96.70 Million |