IBKS No3 SPAC (225430) - Net Assets
Based on the latest financial reports, IBKS No3 SPAC (225430) has net assets worth ₩26.67 Billion KRW (≈ $18.07 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩47.71 Billion ≈ $32.33 Million USD) and total liabilities (₩21.04 Billion ≈ $14.26 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 IBKS No3 SPAC (225430) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩26.67 Billion |
| % of Total Assets | 55.9% |
| Annual Growth Rate | 12.83% |
| 5-Year Change | -29.17% |
| 10-Year Change | 234.1% |
| Growth Volatility | 57.6 |
IBKS No3 SPAC - Net Assets Trend (2015–2025)
This chart illustrates how IBKS No3 SPAC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see IBKS No3 SPAC stock valuation.
Annual Net Assets for IBKS No3 SPAC (2015–2025)
The table below shows the annual net assets of IBKS No3 SPAC from 2015 to 2025. Also explore 225430 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩28.27 Billion ≈ $19.16 Million |
-13.33% |
| 2024-12-31 | ₩32.62 Billion ≈ $22.10 Million |
-8.07% |
| 2023-12-31 | ₩35.48 Billion ≈ $24.04 Million |
-2.34% |
| 2022-12-31 | ₩36.33 Billion ≈ $24.62 Million |
-8.97% |
| 2021-12-31 | ₩39.91 Billion ≈ $27.04 Million |
-2.13% |
| 2020-12-31 | ₩40.77 Billion ≈ $27.63 Million |
+68.53% |
| 2019-12-31 | ₩24.19 Billion ≈ $16.40 Million |
+1.51% |
| 2018-12-31 | ₩23.83 Billion ≈ $16.15 Million |
+181.21% |
| 2017-12-31 | ₩8.48 Billion ≈ $5.74 Million |
+0.18% |
| 2016-12-31 | ₩8.46 Billion ≈ $5.73 Million |
+0.08% |
| 2015-12-31 | ₩8.45 Billion ≈ $5.73 Million |
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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 grown by 3398585.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩13.65 Billion | 48.29% |
| Other Components | ₩14.62 Billion | 51.71% |
| Total Equity | ₩28.27 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 |
|---|---|
|
Ankit Metal & Power Limited
NSE:ANKITMETAL
|
$2.64 Million |
|
Siti Networks Limited
NSE:SITINET
|
$2.64 Million |
|
Pheton Holdings Ltd Class A Ordinary Shares
NASDAQ:PTHL
|
$2.64 Million |
|
Oculus VisionTech Inc
V:OVT
|
$2.65 Million |
|
International Prospect Ventures Ltd
V:IZZ
|
$2.64 Million |
|
QMC Quantum Minerals Corp
V:QMC
|
$2.64 Million |
|
Greenwave Technology Solutions Inc. Common Stock
NASDAQ:GWAV
|
$2.63 Million |
|
Constellation Technologies Ltd
AU:CT1
|
$2.63 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 2024 to 2025, total equity changed from 32,615,111,340 to 28,266,397,310, a change of -4,348,714,030 (-13.3%).
- Net loss of 3,968,100,950 reduced equity.
- Other factors decreased equity by 380,613,080.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-3.97 Billion | -14.04% |
| Other Changes | ₩-380.61 Million | -1.35% |
| Total Change | ₩- | -13.33% |
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: 0.14x
- 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 0.39x to 0.14x 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 | ₩1790.57 | ₩698.00 | x |
| 2017-12-31 | ₩1793.71 | ₩698.00 | x |
| 2018-12-31 | ₩1141.39 | ₩698.00 | x |
| 2019-12-31 | ₩1077.39 | ₩698.00 | x |
| 2020-12-31 | ₩1462.11 | ₩698.00 | x |
| 2021-12-31 | ₩1430.99 | ₩698.00 | x |
| 2022-12-31 | ₩1302.68 | ₩698.00 | x |
| 2023-12-31 | ₩1272.23 | ₩698.00 | x |
| 2024-12-31 | ₩1169.54 | ₩698.00 | x |
| 2025-12-31 | ₩5068.02 | ₩698.00 | 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): -14.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.82%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.64x
- Recent ROE (-14.04%) is below the historical average (-8.83%), 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 |
| 2025 | -14.04% | -24.82% | 0.34x | 1.64x | ₩-6.79 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: $552,820,821,201
- Average return on equity (ROE) among peers: 13.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IBKS No3 SPAC (225430) | ₩26.67 Billion | 0.00% | 0.79x | $2.64 Million |
| OCI Co Ltd (010060) | $3.26 Trillion | 7.42% | 0.91x | $1.24 Billion |
| Atinum Investment Co. Ltd (021080) | $75.35 Billion | 9.32% | 0.04x | $66.08 Million |
| Stic Investments Inc (026890) | $89.35 Billion | 0.00% | 0.72x | $182.72 Million |
| Woori Technology Investment Co. Ltd (041190) | $776.45 Billion | 14.24% | 0.21x | $286.55 Million |
| DSC Investment Inc (241520) | $104.38 Billion | 13.99% | 0.35x | $141.80 Million |
| SV Investment Corporation (289080) | $60.55 Billion | 14.65% | 0.24x | $99.33 Million |
| Company K Partners Limited (307930) | $23.23 Billion | 26.69% | 0.24x | $65.38 Million |
| StoneBridge Ventures Inc. (330730) | $28.67 Billion | 23.82% | 0.39x | $54.53 Million |
About 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