Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd (307870) - Net Assets
Based on the latest financial reports, Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd (307870) has net assets worth ₩31.01 Billion KRW (≈ $21.02 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩60.04 Billion ≈ $40.69 Million USD) and total liabilities (₩29.02 Billion ≈ $19.67 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. Also explore Sangsangin Ian No.1 Special Purpose Acqu total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩31.01 Billion |
| % of Total Assets | 51.66% |
| Annual Growth Rate | 19.87% |
| 5-Year Change | 249.42% |
| 10-Year Change | N/A |
| Growth Volatility | 47.37 |
Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd - Net Assets Trend (2018–2025)
This chart illustrates how Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd's net assets have evolved over time, based on quarterly financial data. Check Sangsangin Ian No.1 Special Purpose Acqu tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd (2018–2025)
The table below shows the annual net assets of Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd from 2018 to 2025. For live valuation and market cap data, see Sangsangin Ian No.1 Special Purpose Acqu (307870) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩31.44 Billion ≈ $21.30 Million |
-7.76% |
| 2024-12-31 | ₩34.08 Billion ≈ $23.10 Million |
+104.50% |
| 2023-12-31 | ₩16.67 Billion ≈ $11.29 Million |
-2.97% |
| 2022-12-31 | ₩17.18 Billion ≈ $11.64 Million |
+90.92% |
| 2020-12-31 | ₩9.00 Billion ≈ $6.10 Million |
+0.71% |
| 2019-12-31 | ₩8.93 Billion ≈ $6.05 Million |
+1.06% |
| 2018-12-31 | ₩8.84 Billion ≈ $5.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd'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 2584629543000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩57.45 Billion | 181.80% |
| Total Equity | ₩31.60 Billion | 100.00% |
Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd Competitors by Market Cap
The table below lists competitors of Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lexibook Linguistic Electronic System SA
PA:ALLEX
|
$46.58 Million |
|
Asia Green Energy Public Company Limited
BK:AGE
|
$46.62 Million |
|
RYTHM, Inc.
NASDAQ:RYM
|
$46.66 Million |
|
CVC Technologies
TWO:4744
|
$46.70 Million |
|
Feytech Holdings Berhad
KLSE:5322
|
$46.57 Million |
|
Selangor Dredging Bhd
KLSE:2224
|
$46.54 Million |
|
Clipper Realty Inc
NYSE:CLPR
|
$46.53 Million |
|
Cytogen Inc
KQ:217330
|
$46.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 34,066,593,350 to 31,599,197,090, a change of -2,467,396,260 (-7.2%).
- Net loss of 12,037,480,490 reduced equity.
- New share issuances of 5,384,144,740 increased equity.
- Other factors increased equity by 4,185,939,490.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-12.04 Billion | -38.09% |
| Share Issuances | ₩5.38 Billion | +17.04% |
| Other Changes | ₩4.19 Billion | +13.25% |
| Total Change | ₩- | -7.24% |
Book Value vs Market Value Analysis
This analysis compares Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd'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: 2.17x
- 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 1.64x to 2.17x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩563.75 | ₩925.00 | x |
| 2023-12-31 | ₩511.16 | ₩925.00 | x |
| 2024-12-31 | ₩670.53 | ₩925.00 | x |
| 2025-12-31 | ₩425.30 | ₩925.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd 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): -38.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -82.31%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.44x
- Recent ROE (-38.09%) is below the historical average (-20.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -0.03% | 0.00% | 0.00x | 1.10x | ₩-886.91 Million |
| 2019 | 1.05% | 0.00% | 0.00x | 1.10x | ₩-799.64 Million |
| 2020 | 0.71% | 0.00% | 0.00x | 1.10x | ₩-835.90 Million |
| 2022 | -12.90% | -8.18% | 0.68x | 2.31x | ₩-3.93 Billion |
| 2023 | -71.89% | -37.40% | 1.12x | 1.72x | ₩-13.65 Billion |
| 2024 | -20.26% | -27.50% | 0.44x | 1.66x | ₩-10.31 Billion |
| 2025 | -38.09% | -82.31% | 0.32x | 1.44x | ₩-15.20 Billion |
Industry Comparison
This section compares Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $29,201,150,405
- Average return on equity (ROE) among peers: -5.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd (307870) | ₩31.01 Billion | -0.03% | 0.94x | $46.58 Million |
| Ibkimyoung Co. Ltd (339950) | $36.04 Billion | 14.25% | 1.08x | $78.61 Million |
| NH Special Purpose Acquisition 21 Co. Ltd. (391710) | $22.36 Billion | -24.91% | 0.40x | $7.32K |
About Sangsangin Ian No.1 Special Purpose Acquisition Co. Ltd
B2En Co., Ltd. provides data-related professional consulting, solutions, and system integration-related services in South Korea. The company was founded in 2004 and is headquartered in Seoul, South Korea.