Shinyoung HappyTomorrow SPAC 2
Fashion Platform Co.,Ltd. manufactures and sells women's clothing and accessories in South Korea. It offers its products under the renoma, Bonispax, DECO, and LeShop brand name through its department stores, outlets, malls, and Fashion platform. The company was formerly known as Kochi International Co., Ltd. and changed its name to Fashion Platform Co.,Ltd. in November 2016. Fashion Platform Co.,… Read more
Shinyoung HappyTomorrow SPAC 2 (225590) - Net Assets
Latest net assets as of September 2025: ₩73.45 Billion KRW
Based on the latest financial reports, Shinyoung HappyTomorrow SPAC 2 (225590) has net assets worth ₩73.45 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 (₩100.54 Billion) and total liabilities (₩27.09 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 | ₩73.45 Billion |
| % of Total Assets | 73.06% |
| Annual Growth Rate | 24.82% |
| 5-Year Change | 78.51% |
| 10-Year Change | N/A |
| Growth Volatility | 65.16 |
Shinyoung HappyTomorrow SPAC 2 - Net Assets Trend (2015–2024)
This chart illustrates how Shinyoung HappyTomorrow SPAC 2's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shinyoung HappyTomorrow SPAC 2 (2015–2024)
The table below shows the annual net assets of Shinyoung HappyTomorrow SPAC 2 from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩74.51 Billion | +1.78% |
| 2023-12-31 | ₩73.21 Billion | +9.46% |
| 2022-12-31 | ₩66.88 Billion | +16.91% |
| 2021-12-31 | ₩57.21 Billion | +37.05% |
| 2020-12-31 | ₩41.74 Billion | +2.67% |
| 2019-12-31 | ₩40.66 Billion | +28.50% |
| 2018-12-31 | ₩31.64 Billion | +215.34% |
| 2017-12-31 | ₩10.03 Billion | -1.69% |
| 2016-12-31 | ₩10.21 Billion | +0.79% |
| 2015-12-31 | ₩10.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shinyoung HappyTomorrow SPAC 2'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 1145672.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩55.17 Billion | 74.04% |
| Common Stock | ₩2.66 Billion | 3.57% |
| Other Components | ₩16.68 Billion | 22.38% |
| Total Equity | ₩74.51 Billion | 100.00% |
Shinyoung HappyTomorrow SPAC 2 Competitors by Market Cap
The table below lists competitors of Shinyoung HappyTomorrow SPAC 2 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fancamp Exploration Ltd.
PINK:FNCJF
|
$9.05 Million |
|
Property Perfect Public Company Limited
BK:PF
|
$9.05 Million |
|
PARTNERS GRP HLDG N
MU:P2H
|
$9.05 Million |
|
Seoul Pharma Co. Ltd
KQ:018680
|
$9.05 Million |
|
Lyka Labs Limited
NSE:LYKALABS
|
$9.05 Million |
|
Comms Group Ltd
AU:CCG
|
$9.04 Million |
|
E-H.(CH)ENT. H. DL-00001
F:1VC
|
$9.04 Million |
|
P9J
F:P9J
|
$9.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinyoung HappyTomorrow SPAC 2's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 73,209,557,580 to 74,513,212,720, a change of 1,303,655,140 (1.8%).
- Net income of 1,288,832,640 contributed positively to equity growth.
- Share repurchases of 70,720,320 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.29 Billion | +1.73% |
| Share Repurchases | ₩70.72 Million | -0.09% |
| Other Changes | ₩85.54 Million | +0.11% |
| Total Change | ₩- | 1.78% |
Book Value vs Market Value Analysis
This analysis compares Shinyoung HappyTomorrow SPAC 2'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: 0.30x
- 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 0.44x to 0.30x 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 | ₩1999.21 | ₩876.00 | x |
| 2017-12-31 | ₩1965.45 | ₩876.00 | x |
| 2018-12-31 | ₩1309.62 | ₩876.00 | x |
| 2019-12-31 | ₩1587.72 | ₩876.00 | x |
| 2020-12-31 | ₩1630.07 | ₩876.00 | x |
| 2021-12-31 | ₩2234.08 | ₩876.00 | x |
| 2022-12-31 | ₩2611.94 | ₩876.00 | x |
| 2023-12-31 | ₩2858.98 | ₩876.00 | x |
| 2024-12-31 | ₩2909.89 | ₩876.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinyoung HappyTomorrow SPAC 2 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): 1.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.23%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.35x
- Recent ROE (1.73%) is below the historical average (6.90%), 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 | 0.05% | 0.00% | 0.00x | 1.17x | ₩-1.01 Billion |
| 2016 | 0.79% | 0.00% | 0.00x | 1.17x | ₩-940.29 Million |
| 2017 | -0.22% | 0.00% | 0.00x | 1.19x | ₩-1.03 Billion |
| 2018 | 3.83% | 1.63% | 1.72x | 1.37x | ₩-1.95 Billion |
| 2019 | 10.20% | 5.22% | 1.45x | 1.35x | ₩79.75 Million |
| 2020 | 2.60% | 1.87% | 1.06x | 1.32x | ₩-3.09 Billion |
| 2021 | 26.89% | 17.12% | 1.20x | 1.31x | ₩9.66 Billion |
| 2022 | 14.45% | 8.45% | 1.17x | 1.46x | ₩2.98 Billion |
| 2023 | 8.67% | 5.99% | 1.08x | 1.34x | ₩-972.48 Million |
| 2024 | 1.73% | 1.23% | 1.04x | 1.35x | ₩-6.16 Billion |
Industry Comparison
This section compares Shinyoung HappyTomorrow SPAC 2's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $149,625,712,959
- Average return on equity (ROE) among peers: 7.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinyoung HappyTomorrow SPAC 2 (225590) | ₩73.45 Billion | 0.05% | 0.37x | $9.05 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 | $67.49 Million |
| Stic Investments Inc (026890) | $99.69 Billion | 2.97% | 0.43x | $99.82 Million |
| Woori Technology Investment Co. Ltd (041190) | $51.07 Billion | 6.38% | 0.01x | $249.94 Million |
| IBKS No3 SPAC (225430) | $36.33 Billion | -10.80% | 0.41x | $6.16 Million |
| DSC Investment Inc (241520) | $30.04 Billion | 17.63% | 0.61x | $193.85 Million |
| T.S. Investment Corp. (246690) | $64.40 Billion | 15.42% | 0.52x | $24.02 Million |
| SV Investment Corporation (289080) | $18.93 Billion | 11.17% | 0.53x | $97.11 Million |