BitNine Co. Ltd. (357880) - Net Assets
Based on the latest financial reports, BitNine Co. Ltd. (357880) has net assets worth ₩20.17 Billion KRW (≈ $13.67 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 (₩38.49 Billion ≈ $26.09 Million USD) and total liabilities (₩18.32 Billion ≈ $12.41 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 BitNine Co. Ltd. PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩20.17 Billion |
| % of Total Assets | 52.41% |
| Annual Growth Rate | N/A |
| 5-Year Change | -60.36% |
| 10-Year Change | N/A |
| Growth Volatility | 31.86 |
BitNine Co. Ltd. - Net Assets Trend (2018–2025)
This chart illustrates how BitNine Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of BitNine Co. Ltd..
Annual Net Assets for BitNine Co. Ltd. (2018–2025)
The table below shows the annual net assets of BitNine Co. Ltd. from 2018 to 2025. Also explore 357880 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩13.24 Billion ≈ $8.97 Million |
+27.81% |
| 2024-12-31 | ₩10.36 Billion ≈ $7.02 Million |
-41.55% |
| 2023-12-31 | ₩17.73 Billion ≈ $12.01 Million |
-49.04% |
| 2022-12-31 | ₩34.79 Billion ≈ $23.57 Million |
+4.12% |
| 2021-12-31 | ₩33.41 Billion ≈ $22.64 Million |
+917.30% |
| 2020-12-31 | ₩-4.09 Billion ≈ $-2.77 Million |
+78.14% |
| 2019-12-31 | ₩-18.70 Billion ≈ $-12.67 Million |
-112.24% |
| 2018-12-31 | ₩-8.81 Billion ≈ $-5.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BitNine 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 7490018744000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩96.73 Billion | 769.34% |
| Total Equity | ₩12.57 Billion | 100.00% |
BitNine Co. Ltd. Competitors by Market Cap
The table below lists competitors of BitNine Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aquila European Renewables Income PLC
LSE:AERI
|
$64.28 Million |
|
ABCO Electronics Co. Ltd
KQ:036010
|
$64.32 Million |
|
A.J. Plast Public Company Limited
BK:AJ
|
$64.33 Million |
|
Bathurst Resources Ltd
F:B0R
|
$64.33 Million |
|
Sical Logistics Limited
NSE:SICALLOG
|
$64.26 Million |
|
Angkor Resources Corp
V:ANK
|
$64.25 Million |
|
Solutions 30 SE
F:30L3
|
$64.24 Million |
|
Jaiprakash Associates Limited
NSE:JPASSOCIAT
|
$64.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BitNine Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,360,745,000 to 12,573,093,430, a change of 2,212,348,430 (21.4%).
- Net loss of 14,832,029,040 reduced equity.
- New share issuances of 17,413,477,570 increased equity.
- Other factors decreased equity by 369,100,100.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-14.83 Billion | -117.97% |
| Share Issuances | ₩17.41 Billion | +138.5% |
| Other Changes | ₩-369.10 Million | -2.94% |
| Total Change | ₩- | 21.35% |
Book Value vs Market Value Analysis
This analysis compares BitNine 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: 7.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ₩-850.79 | ₩1866.00 | x |
| 2019-12-31 | ₩-1805.72 | ₩1866.00 | x |
| 2020-12-31 | ₩-394.79 | ₩1866.00 | x |
| 2021-12-31 | ₩3226.64 | ₩1866.00 | x |
| 2022-12-31 | ₩3235.56 | ₩1866.00 | x |
| 2023-12-31 | ₩1463.42 | ₩1866.00 | x |
| 2024-12-31 | ₩305.42 | ₩1866.00 | x |
| 2025-12-31 | ₩247.38 | ₩1866.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BitNine 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): -117.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -94.82%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 3.06x
- Recent ROE (-117.97%) is below the historical average (-56.78%), 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 | 0.00% | -62.93% | 1.01x | 0.00x | ₩-7.74 Billion |
| 2019 | 0.00% | -72.03% | 1.62x | 0.00x | ₩-7.97 Billion |
| 2020 | 0.00% | -88.34% | 1.63x | 0.00x | ₩-9.82 Billion |
| 2021 | 3.49% | 7.10% | 0.47x | 1.05x | ₩-2.18 Billion |
| 2022 | -1.31% | -2.29% | 0.27x | 2.15x | ₩-3.79 Billion |
| 2023 | -108.95% | -68.63% | 0.40x | 3.94x | ₩-18.18 Billion |
| 2024 | -229.51% | -119.80% | 0.65x | 2.97x | ₩-24.82 Billion |
| 2025 | -117.97% | -94.82% | 0.41x | 3.06x | ₩-16.09 Billion |
Industry Comparison
This section compares BitNine Co. Ltd.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $111,641,589,999
- Average return on equity (ROE) among peers: 1.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BitNine Co. Ltd. (357880) | ₩20.17 Billion | 0.00% | 0.91x | $64.27 Million |
| Kginicis Co.Ltd (035600) | $186.95 Billion | -0.20% | 3.95x | $179.49 Million |
| Nice Information & Telecommunication Inc (036800) | $230.05 Billion | 13.09% | 1.79x | $47.60 Million |
| Cafe24 Corp (042000) | $109.93 Billion | -25.80% | 0.35x | $243.98 Million |
| AhnLab Inc (053800) | $161.35 Billion | 7.39% | 0.21x | $415.42 Million |
| NHN KCP Corp (060250) | $198.38 Billion | 17.60% | 1.36x | $332.28 Million |
| Danal Co. Ltd (064260) | $84.32 Billion | 3.53% | 2.39x | $201.20 Million |
| nTels Co. Ltd (069410) | $20.23 Billion | -19.12% | 0.54x | $17.68 Million |
| Plantynet Co. Ltd (075130) | $68.26 Billion | -1.38% | 0.20x | $23.29 Million |
| Secuve Co. Ltd (131090) | $21.95 Billion | 6.73% | 0.35x | $22.06 Million |
| FASOO.COM Co Ltd (150900) | $34.99 Billion | 12.56% | 0.34x | $31.46 Million |
About BitNine Co. Ltd.
SKAI worldwide Co., Ltd. engages in graph database solutions based on graph technology and software business in South Korea. It offers AgensSQL, a software that provides technical support for modification and development; and AgensGraph, an enterprise graph database management system that stores and manages various data. It also provides products including Graph RAG, an AI marketing solution, Gen… Read more