IBKS No. 15 Special Purpose Acquisition Co. Ltd. (373200) - Net Assets
Based on the latest financial reports, IBKS No. 15 Special Purpose Acquisition Co. Ltd. (373200) has net assets worth ₩20.14 Billion KRW (≈ $13.65 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 (₩64.40 Billion ≈ $43.64 Million USD) and total liabilities (₩44.26 Billion ≈ $29.99 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 IBKS No. 15 Special Purpose Acquisition tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩20.14 Billion |
| % of Total Assets | 31.28% |
| Annual Growth Rate | 118.73% |
| 5-Year Change | 214.08% |
| 10-Year Change | N/A |
| Growth Volatility | 575.2 |
IBKS No. 15 Special Purpose Acquisition Co. Ltd. - Net Assets Trend (2020–2025)
This chart illustrates how IBKS No. 15 Special Purpose Acquisition Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. See IBKS No. 15 Special Purpose Acquisition defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for IBKS No. 15 Special Purpose Acquisition Co. Ltd. (2020–2025)
The table below shows the annual net assets of IBKS No. 15 Special Purpose Acquisition Co. Ltd. from 2020 to 2025. For live valuation and market cap data, see how much is IBKS No. 15 Special Purpose Acquisition worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩20.69 Billion ≈ $14.02 Million |
+96.21% |
| 2024-12-31 | ₩10.55 Billion ≈ $7.15 Million |
+110.33% |
| 2023-12-31 | ₩5.01 Billion ≈ $3.40 Million |
-65.45% |
| 2022-12-31 | ₩14.51 Billion ≈ $9.84 Million |
+120.27% |
| 2021-12-31 | ₩6.59 Billion ≈ $4.47 Million |
+1493.25% |
| 2020-12-31 | ₩413.55 Million ≈ $280.26K |
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Equity Component Analysis
This analysis shows how different components contribute to IBKS No. 15 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 1106832460000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩31.65 Billion | 153.86% |
| Total Equity | ₩20.57 Billion | 100.00% |
IBKS No. 15 Special Purpose Acquisition Co. Ltd. Competitors by Market Cap
The table below lists competitors of IBKS No. 15 Special Purpose Acquisition Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Europacorp
PA:ALECP
|
$49.22 Million |
|
Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares
NASDAQ:ALCY
|
$49.23 Million |
|
Theragen Etex Co.Ltd
KQ:066700
|
$49.26 Million |
|
Eskay Mining Corp
V:ESK
|
$49.26 Million |
|
Joong Ang Enervis Co. Ltd
KQ:000440
|
$49.16 Million |
|
Intervacc AB
ST:IVACC
|
$49.15 Million |
|
Pratama Widya Tbk Pt
JK:PTPW
|
$49.14 Million |
|
Hanil Forging Industrial Co. Ltd
KQ:024740
|
$49.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IBKS No. 15 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 10,547,147,220 to 20,574,309,000, a change of 10,027,161,780 (95.1%).
- Net loss of 2,109,837,950 reduced equity.
- New share issuances of 10,999,999,350 increased equity.
- Other factors increased equity by 1,137,000,380.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.11 Billion | -10.25% |
| Share Issuances | ₩11.00 Billion | +53.46% |
| Other Changes | ₩1.14 Billion | +5.53% |
| Total Change | ₩- | 95.07% |
Book Value vs Market Value Analysis
This analysis compares IBKS No. 15 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: 3.10x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.68x to 3.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₩117.49 | ₩2900.00 | x |
| 2021-12-31 | ₩1872.27 | ₩2900.00 | x |
| 2022-12-31 | ₩766.83 | ₩2900.00 | x |
| 2023-12-31 | ₩66.24 | ₩2900.00 | x |
| 2024-12-31 | ₩117.54 | ₩2900.00 | x |
| 2025-12-31 | ₩935.16 | ₩2900.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IBKS No. 15 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): -10.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.94%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.78x
- Recent ROE (-10.25%) is above the historical average (-39.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -2.97% | 0.00% | 0.00x | 3.83x | ₩-53.65 Million |
| 2021 | -0.97% | -0.45% | 1.81x | 1.18x | ₩-722.53 Million |
| 2022 | -31.12% | -28.31% | 0.55x | 2.01x | ₩-5.97 Billion |
| 2023 | -170.55% | -87.48% | 0.30x | 6.56x | ₩-9.05 Billion |
| 2024 | -20.02% | -20.25% | 0.41x | 2.40x | ₩-3.17 Billion |
| 2025 | -10.25% | -20.94% | 0.18x | 2.78x | ₩-4.17 Billion |
Industry Comparison
This section compares IBKS No. 15 Special Purpose Acquisition Co. Ltd.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $39,537,420,651
- Average return on equity (ROE) among peers: 7.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IBKS No. 15 Special Purpose Acquisition Co. Ltd. (373200) | ₩20.14 Billion | -2.97% | 2.20x | $49.22 Million |
| Douzone Bizon Co Ltd (012510) | $7.82 Billion | 19.91% | 4.89x | $2.28 Billion |
| NuriFlex Co.Ltd (040160) | $78.84 Billion | 11.08% | 1.05x | $72.20 Million |
| Raonsecure Co. Ltd (042510) | $15.80 Billion | 21.27% | 0.29x | $63.56 Million |
| Osangjaiel Co. Ltd (053980) | $104.06 Billion | 6.11% | 0.31x | $34.97 Million |
| Gemvaxlink Co. Ltd (064800) | $29.44 Billion | 0.00% | 0.17x | $220.39 Million |
| Mobileleader Co.Ltd (100030) | $31.85 Billion | 0.00% | 0.11x | $32.48 Million |
| Selvas Ai Inc. (108860) | $41.28 Billion | 9.18% | 1.38x | $183.31 Million |
| RSUPPORT Co. Ltd (131370) | $60.17 Billion | -2.11% | 0.25x | $59.58 Million |
| KineMaster Corporation (139670) | $14.28 Billion | 17.22% | 0.16x | $15.43 Million |
| Bflysoft Co. Ltd. (148780) | $11.83 Billion | -5.08% | 0.33x | $14.00 Million |
About IBKS No. 15 Special Purpose Acquisition Co. Ltd.
Xplus Inc. manufactures and sells mobile IT device accessories in South Korea and internationally. The company offers covers, wireless chargers, earphone cases, etc. Xplus Inc. was founded in 2005 and is headquartered in Seoul, South Korea.