Settlebank Corporation (234340) - Net Assets
Based on the latest financial reports, Settlebank Corporation (234340) has net assets worth ₩180.61 Billion KRW (≈ $122.40 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 (₩524.31 Billion ≈ $355.32 Million USD) and total liabilities (₩343.70 Billion ≈ $232.92 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 Settlebank Corporation liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩180.61 Billion |
| % of Total Assets | 34.45% |
| Annual Growth Rate | 20.81% |
| 5-Year Change | 31.13% |
| 10-Year Change | N/A |
| Growth Volatility | 33.18 |
Settlebank Corporation - Net Assets Trend (2017–2024)
This chart illustrates how Settlebank Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Settlebank Corporation balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Settlebank Corporation (2017–2024)
The table below shows the annual net assets of Settlebank Corporation from 2017 to 2024. For live valuation and market cap data, see Settlebank Corporation stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩151.36 Billion ≈ $102.58 Million |
+4.28% |
| 2023-12-31 | ₩145.14 Billion ≈ $98.36 Million |
+7.31% |
| 2022-12-31 | ₩135.25 Billion ≈ $91.66 Million |
+0.71% |
| 2021-12-31 | ₩134.30 Billion ≈ $91.01 Million |
+16.35% |
| 2020-12-31 | ₩115.43 Billion ≈ $78.23 Million |
+4.33% |
| 2019-12-31 | ₩110.64 Billion ≈ $74.98 Million |
+100.73% |
| 2018-12-31 | ₩55.12 Billion ≈ $37.35 Million |
+36.82% |
| 2017-12-31 | ₩40.29 Billion ≈ $27.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Settlebank Corporation'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 202.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩113.91 Billion | 79.14% |
| Common Stock | ₩4.73 Billion | 3.28% |
| Other Components | ₩25.29 Billion | 17.57% |
| Total Equity | ₩143.93 Billion | 100.00% |
Settlebank Corporation Competitors by Market Cap
The table below lists competitors of Settlebank Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sprott Focus Trust
NASDAQ:FUND
|
$295.38 Million |
|
BK Technologies Inc
NYSE MKT:BKTI
|
$295.52 Million |
|
WCM Global Growth Ltd
AU:WQG
|
$295.54 Million |
|
Komax Holding AG
SW:KOMN
|
$295.64 Million |
|
Liton Technology
TWO:6175
|
$295.13 Million |
|
NervGen Pharma Corp
V:NGEN
|
$295.10 Million |
|
Relais Group Oyj
HE:RELAIS
|
$294.97 Million |
|
KC Co. Ltd
KO:029460
|
$294.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Settlebank Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 137,438,544,450 to 143,925,017,990, a change of 6,486,473,540 (4.7%).
- Net income of 9,705,559,460 contributed positively to equity growth.
- Dividend payments of 2,905,099,050 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩9.71 Billion | +6.74% |
| Dividends Paid | ₩2.91 Billion | -2.02% |
| Other Changes | ₩-313.99 Million | -0.22% |
| Total Change | ₩- | 4.72% |
Book Value vs Market Value Analysis
This analysis compares Settlebank Corporation'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: 1.86x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.33x to 1.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩9660.96 | ₩32150.00 | x |
| 2018-12-31 | ₩6608.87 | ₩32150.00 | x |
| 2019-12-31 | ₩12343.86 | ₩32150.00 | x |
| 2020-12-31 | ₩13347.01 | ₩32150.00 | x |
| 2021-12-31 | ₩15144.48 | ₩32150.00 | x |
| 2022-12-31 | ₩15914.71 | ₩32150.00 | x |
| 2023-12-31 | ₩16558.30 | ₩32150.00 | x |
| 2024-12-31 | ₩17319.59 | ₩32150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Settlebank Corporation 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): 6.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.09%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.14x
- Recent ROE (6.74%) is below the historical average (13.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 23.23% | 23.79% | 0.39x | 2.49x | ₩5.33 Billion |
| 2018 | 21.76% | 20.98% | 0.50x | 2.07x | ₩6.48 Billion |
| 2019 | 11.64% | 19.65% | 0.39x | 1.53x | ₩1.82 Billion |
| 2020 | 9.85% | 14.56% | 0.37x | 1.81x | ₩-173.74 Million |
| 2021 | 15.59% | 18.97% | 0.39x | 2.13x | ₩7.51 Billion |
| 2022 | 10.35% | 10.83% | 0.38x | 2.49x | ₩477.41 Million |
| 2023 | 8.21% | 7.37% | 0.41x | 2.74x | ₩-2.46 Billion |
| 2024 | 6.74% | 6.09% | 0.35x | 3.14x | ₩-4.69 Billion |
Industry Comparison
This section compares Settlebank Corporation's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $120,939,435,865
- Average return on equity (ROE) among peers: 6.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Settlebank Corporation (234340) | ₩180.61 Billion | 23.23% | 1.90x | $295.17 Million |
| Kginicis Co.Ltd (035600) | $358.53 Billion | 13.42% | 2.99x | $206.55 Million |
| Nice Information & Telecommunication Inc (036800) | $230.05 Billion | 13.09% | 1.79x | $166.06 Million |
| Cafe24 Corp (042000) | $8.78 Billion | -14.49% | 4.23x | $411.27 Million |
| AhnLab Inc (053800) | $140.72 Billion | 9.98% | 0.31x | $407.95 Million |
| NHN KCP Corp (060250) | $223.62 Billion | 15.78% | 1.33x | $502.25 Million |
| Danal Co. Ltd (064260) | $84.32 Billion | 3.53% | 2.39x | $331.79 Million |
| nTels Co. Ltd (069410) | $49.08 Billion | 15.01% | 0.23x | $31.62 Million |
| Plantynet Co. Ltd (075130) | $67.24 Billion | -2.32% | 0.36x | $26.41 Million |
| Secuve Co. Ltd (131090) | $21.95 Billion | 6.73% | 0.35x | $21.78 Million |
| FASOO.COM Co Ltd (150900) | $25.10 Billion | 8.68% | 0.31x | $43.41 Million |
About Settlebank Corporation
Hecto Financial Co., Ltd., a fintech company, provides fintech platform services in South Korea. The company offers cash payment, PG electronic payment, kiosk payment, bulk transfer, virtual account, and G banking services, as well as depositor name inquiry, deposit transaction history inquiry, SMS sending agency, and cash receipt issuance agency services. It also provides technical and customer … Read more