ITeyes Inc.
Iteyes Inc. provides various IT solutions to customers in the financial industry. It offers big data and cloud, as well as financial enterprise and IT consultancy solutions. The company provides K-GODIS, an OTC derivative integrated solution that supports structured product booking, market data, price evaluation, and FO/MO reports; TR, a reporting agency for trade repository reporting; GURMWI clo… Read more
ITeyes Inc. (372800) - Net Assets
Latest net assets as of June 2024: ₩19.19 Billion KRW
Based on the latest financial reports, ITeyes Inc. (372800) has net assets worth ₩19.19 Billion KRW as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩47.83 Billion) and total liabilities (₩28.64 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 | ₩19.19 Billion |
| % of Total Assets | 40.13% |
| Annual Growth Rate | 51.23% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 159.41 |
ITeyes Inc. - Net Assets Trend (2019–2023)
This chart illustrates how ITeyes Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ITeyes Inc. (2019–2023)
The table below shows the annual net assets of ITeyes Inc. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ₩17.24 Billion | -29.21% |
| 2022-12-31 | ₩24.36 Billion | -19.07% |
| 2021-12-31 | ₩30.10 Billion | +366.09% |
| 2020-12-31 | ₩6.46 Billion | +95.87% |
| 2019-12-31 | ₩3.30 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ITeyes Inc.'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 521.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩29.88 Billion | 177.71% |
| Total Equity | ₩16.81 Billion | 100.00% |
ITeyes Inc. Competitors by Market Cap
The table below lists competitors of ITeyes Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Drilling Tools Limited
NSE:UNIDT
|
$6.86 Million |
|
Voltaic Strategic Resources Ltd
AU:VSR
|
$6.86 Million |
|
Oricon Enterprises Limited
NSE:ORICONENT
|
$6.86 Million |
|
Global Surfaces Limited
NSE:GSLSU
|
$6.86 Million |
|
Endurance Gold Corporation
OTCQB:ENDGF
|
$6.85 Million |
|
Envirotech Vehicles Inc
NASDAQ:EVTV
|
$6.85 Million |
|
UTSTARCOM HLDGS DL-0015
F:UT5
|
$6.85 Million |
|
Avenira Ltd
AU:AEV
|
$6.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ITeyes Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 24,356,913,440 to 16,811,926,960, a change of -7,544,986,480 (-31.0%).
- Net loss of 6,752,381,010 reduced equity.
- Share repurchases of 1,413,146,700 reduced equity.
- New share issuances of 262,500,000 increased equity.
- Other factors increased equity by 358,041,230.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-6.75 Billion | -40.16% |
| Share Repurchases | ₩1.41 Billion | -8.41% |
| Share Issuances | ₩262.50 Million | +1.56% |
| Other Changes | ₩358.04 Million | +2.13% |
| Total Change | ₩- | -30.98% |
Book Value vs Market Value Analysis
This analysis compares ITeyes Inc.'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: 1.56x
- 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 5.49x to 1.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ₩810.67 | ₩4450.00 | x |
| 2020-12-31 | ₩1117.76 | ₩4450.00 | x |
| 2021-12-31 | ₩5209.73 | ₩4450.00 | x |
| 2022-12-31 | ₩4075.11 | ₩4450.00 | x |
| 2023-12-31 | ₩2855.78 | ₩4450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ITeyes Inc. 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): -40.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.01%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 2.86x
- Recent ROE (-40.16%) is below the historical average (7.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 77.47% | 6.81% | 2.82x | 4.04x | ₩2.22 Billion |
| 2020 | 48.95% | 6.16% | 2.52x | 3.16x | ₩2.51 Billion |
| 2021 | -8.67% | -3.90% | 1.36x | 1.63x | ₩-5.62 Billion |
| 2022 | -40.89% | -18.25% | 1.31x | 1.71x | ₩-12.40 Billion |
| 2023 | -40.16% | -9.01% | 1.56x | 2.86x | ₩-8.43 Billion |
Industry Comparison
This section compares ITeyes Inc.'s net assets metrics with peer companies in the Financial Technology (Fintech) & Infrastructure industry.
Industry Context
- Industry: Financial Technology (Fintech) & Infrastructure
- Average net assets among peers: $102,328,906,100
- Average return on equity (ROE) among peers: 6.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ITeyes Inc. (372800) | ₩19.19 Billion | 77.47% | 1.49x | $6.85 Million |
| WebCash Corporation (053580) | $102.33 Billion | 6.99% | 0.23x | $21.37 Million |