NH SPAC 8 (225570) - Net Assets
Based on the latest financial reports, NH SPAC 8 (225570) has net assets worth ₩278.09 Billion KRW (≈ $188.46 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 (₩426.33 Billion ≈ $288.92 Million USD) and total liabilities (₩148.24 Billion ≈ $100.46 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 asset resilience ratio of NH SPAC 8 to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩278.09 Billion |
| % of Total Assets | 65.23% |
| Annual Growth Rate | 38.48% |
| 5-Year Change | 371.03% |
| 10-Year Change | N/A |
| Growth Volatility | 90.88 |
NH SPAC 8 - Net Assets Trend (2015–2024)
This chart illustrates how NH SPAC 8's net assets have evolved over time, based on quarterly financial data. Also explore 225570 total asset value for the complete picture of this company's asset base.
Annual Net Assets for NH SPAC 8 (2015–2024)
The table below shows the annual net assets of NH SPAC 8 from 2015 to 2024. For live valuation and market cap data, see NH SPAC 8 stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩312.71 Billion ≈ $211.92 Million |
+18.97% |
| 2023-12-31 | ₩262.84 Billion ≈ $178.13 Million |
+10.89% |
| 2022-12-31 | ₩237.03 Billion ≈ $160.63 Million |
+284.70% |
| 2021-12-31 | ₩61.61 Billion ≈ $41.75 Million |
-7.19% |
| 2020-12-31 | ₩66.39 Billion ≈ $44.99 Million |
+74.01% |
| 2019-12-31 | ₩38.15 Billion ≈ $25.85 Million |
+104.36% |
| 2018-12-31 | ₩18.67 Billion ≈ $12.65 Million |
-36.73% |
| 2017-12-31 | ₩29.51 Billion ≈ $20.00 Million |
+75.48% |
| 2016-12-31 | ₩16.82 Billion ≈ $11.40 Million |
+0.80% |
| 2015-12-31 | ₩16.68 Billion ≈ $11.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NH SPAC 8'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 424432.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩184.66 Billion | 59.06% |
| Common Stock | ₩32.93 Billion | 10.53% |
| Other Components | ₩95.09 Billion | 30.41% |
| Total Equity | ₩312.68 Billion | 100.00% |
NH SPAC 8 Competitors by Market Cap
The table below lists competitors of NH SPAC 8 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grand Korea Leisure Co. Ltd
KO:114090
|
$505.54 Million |
|
Yulon Nissan Motor Co Ltd
TW:2227
|
$505.66 Million |
|
ScinoPharm Taiwan Ltd
TW:1789
|
$505.73 Million |
|
Ningbo Tianyi Medical Appliance Co. Ltd.
SHE:301097
|
$505.73 Million |
|
Addiko Bank AG
VI:ADKO
|
$505.32 Million |
|
Bannari Amman Sugars Limited
NSE:BANARISUG
|
$505.21 Million |
|
Sumitomo Mitsui Construction Co. Ltd
F:72S
|
$505.15 Million |
|
Websol Energy System Limited
NSE:WEBELSOLAR
|
$505.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NH SPAC 8's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 262,821,279,780 to 312,681,757,150, a change of 49,860,477,370 (19.0%).
- Net income of 31,442,404,780 contributed positively to equity growth.
- Share repurchases of 849,264,000 reduced equity.
- New share issuances of 849,264,000 increased equity.
- Other factors increased equity by 18,418,072,590.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩31.44 Billion | +10.06% |
| Share Repurchases | ₩849.26 Million | -0.27% |
| Share Issuances | ₩849.26 Million | +0.27% |
| Other Changes | ₩18.42 Billion | +5.89% |
| Total Change | ₩- | 18.97% |
Book Value vs Market Value Analysis
This analysis compares NH SPAC 8'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: 2.43x
- 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 1.28x to 2.43x 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 | ₩9290.26 | ₩11860.00 | x |
| 2017-12-31 | ₩1304.26 | ₩11860.00 | x |
| 2018-12-31 | ₩790.86 | ₩11860.00 | x |
| 2019-12-31 | ₩1341.42 | ₩11860.00 | x |
| 2020-12-31 | ₩2327.75 | ₩11860.00 | x |
| 2021-12-31 | ₩2154.20 | ₩11860.00 | x |
| 2022-12-31 | ₩3718.16 | ₩11860.00 | x |
| 2023-12-31 | ₩4116.31 | ₩11860.00 | x |
| 2024-12-31 | ₩4888.00 | ₩11860.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NH SPAC 8 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): 10.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.28%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.56x
- Recent ROE (10.06%) is above the historical average (-7.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.26% | 0.00% | 0.00x | 1.07x | ₩-1.62 Billion |
| 2016 | 0.80% | 0.52% | 1.43x | 1.07x | ₩-1.55 Billion |
| 2017 | -10.42% | -13.72% | 0.52x | 1.46x | ₩-6.03 Billion |
| 2018 | -67.36% | -53.32% | 0.80x | 1.58x | ₩-14.44 Billion |
| 2019 | -44.75% | -59.91% | 0.39x | 1.91x | ₩-20.89 Billion |
| 2020 | 39.31% | 32.06% | 0.86x | 1.42x | ₩19.46 Billion |
| 2021 | -12.92% | -12.62% | 0.50x | 2.06x | ₩-14.12 Billion |
| 2022 | 2.55% | 4.57% | 0.41x | 1.37x | ₩-17.65 Billion |
| 2023 | 4.30% | 5.84% | 0.53x | 1.40x | ₩-14.99 Billion |
| 2024 | 10.06% | 12.28% | 0.53x | 1.56x | ₩174.23 Million |
Industry Comparison
This section compares NH SPAC 8's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $598,753,351,713
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NH SPAC 8 (225570) | ₩278.09 Billion | 0.26% | 0.53x | $505.45 Million |
| Barunson Entertainment & Arts Corporation (035620) | $77.07 Billion | -10.46% | 0.36x | $12.23 Million |
| NCsoft Corp (036570) | $1.90 Trillion | 14.36% | 0.25x | $3.56 Billion |
| HANBIT SOFT Inc (047080) | $12.08 Billion | 14.22% | 1.71x | $22.26 Million |
| Actoz Soft Co.Ltd (052790) | $195.50 Billion | 19.13% | 0.50x | $41.90 Million |
| JOYCITY Corporation (067000) | $107.69 Billion | 5.12% | 1.25x | $116.06 Million |
| Com2uS Corporation (078340) | $634.98 Billion | 23.90% | 0.12x | $253.50 Million |
| SundayToz Corp (123420) | $127.34 Billion | 10.76% | 0.08x | $56.39 Million |
| Nhn Entertain (181710) | $1.84 Trillion | 1.16% | 0.38x | $868.14 Million |
| DoubleU Games Co Ltd (192080) | $927.89 Billion | 12.10% | 0.10x | $810.48 Million |
| Devsisters corporation (194480) | $165.30 Billion | 36.54% | 0.66x | $168.30 Million |
About NH SPAC 8
NEXON Games Co., Ltd. operates as a game developer in South Korea and internationally. The company develops games software in various platforms, such as PC, mobile, and console platforms. Its game portfolio comprises V4, Sudden Attack, Blue Archive, HIT2, and VEILED EXPERTS. The company also engages in the real estate rental business. The company was formerly known as Nat Games Co.,Ltd. and chang… Read more