MINDs Lab Inc.
Maum.AI, Inc. operates as an AI service provider in South Korea and internationally. Its services are based on online information, data analysis consulting, and computer programming. The company was founded in 2014 and is headquartered in Seongnam-si, South Korea.
MINDs Lab Inc. (377480) - Net Assets
Latest net assets as of September 2025: ₩25.84 Billion KRW
Based on the latest financial reports, MINDs Lab Inc. (377480) has net assets worth ₩25.84 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩56.16 Billion) and total liabilities (₩30.32 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 | ₩25.84 Billion |
| % of Total Assets | 46.01% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.19 |
MINDs Lab Inc. - Net Assets Trend (2019–2024)
This chart illustrates how MINDs Lab 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 MINDs Lab Inc. (2019–2024)
The table below shows the annual net assets of MINDs Lab Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩13.24 Billion | -33.99% |
| 2023-12-31 | ₩20.06 Billion | -21.58% |
| 2022-12-31 | ₩25.58 Billion | -14.14% |
| 2021-12-31 | ₩29.79 Billion | +154.41% |
| 2020-12-31 | ₩-54.74 Billion | -57.12% |
| 2019-12-31 | ₩-34.84 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MINDs Lab 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 grown by 2261487823000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩31.60 Billion | 237.50% |
| Total Equity | ₩13.31 Billion | 100.00% |
MINDs Lab Inc. Competitors by Market Cap
The table below lists competitors of MINDs Lab Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canadian Net Real Estate Investment Trust
PINK:CNNRF
|
$65.89 Million |
|
Euroapi SAS
PA:EAPI
|
$65.91 Million |
|
EUROAPI SAS EO 1
F:940
|
$65.91 Million |
|
Synlait Milk Limited
PINK:SMLKF
|
$65.97 Million |
|
LINAS AGRO GROUP EO 029
F:YG4
|
$65.88 Million |
|
Stalprodukt SA
WAR:STP
|
$65.87 Million |
|
Bamboo Capital JSC
VN:BCG
|
$65.87 Million |
|
Identiv Inc
NASDAQ:INVE
|
$65.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MINDs Lab Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,120,159,000 to 13,306,427,390, a change of -6,813,731,610 (-33.9%).
- Net loss of 8,676,254,450 reduced equity.
- Share repurchases of 455,936,050 reduced equity.
- New share issuances of 455,936,050 increased equity.
- Other factors increased equity by 1,862,522,840.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-8.68 Billion | -65.2% |
| Share Repurchases | ₩455.94 Million | -3.43% |
| Share Issuances | ₩455.94 Million | +3.43% |
| Other Changes | ₩1.86 Billion | +14.0% |
| Total Change | ₩- | -33.87% |
Book Value vs Market Value Analysis
This analysis compares MINDs Lab 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: 7.70x
- 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 |
|---|---|---|---|
| 2019-12-31 | ₩-6879.89 | ₩16420.00 | x |
| 2020-12-31 | ₩-10809.90 | ₩16420.00 | x |
| 2021-12-31 | ₩4927.88 | ₩16420.00 | x |
| 2022-12-31 | ₩4213.15 | ₩16420.00 | x |
| 2023-12-31 | ₩3280.35 | ₩16420.00 | x |
| 2024-12-31 | ₩2132.70 | ₩16420.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MINDs Lab 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): -65.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -111.61%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 3.73x
- Recent ROE (-65.20%) is below the historical average (-17.64%), 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 | 0.00% | -160.47% | 0.39x | 0.00x | ₩-13.57 Billion |
| 2020 | 0.00% | -175.79% | 0.50x | 0.00x | ₩-14.38 Billion |
| 2021 | 5.10% | 18.43% | 0.23x | 1.19x | ₩-1.46 Billion |
| 2022 | -18.26% | -56.73% | 0.22x | 1.48x | ₩-7.24 Billion |
| 2023 | -27.48% | -54.07% | 0.18x | 2.76x | ₩-7.54 Billion |
| 2024 | -65.20% | -111.61% | 0.16x | 3.73x | ₩-10.01 Billion |
Industry Comparison
This section compares MINDs Lab Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $45,786,090,292
- Average return on equity (ROE) among peers: -4.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MINDs Lab Inc. (377480) | ₩25.84 Billion | 0.00% | 1.17x | $65.88 Million |
| Douzone Bizon Co Ltd (012510) | $82.16 Billion | 20.47% | 1.34x | $1.46 Billion |
| NuriFlex Co.Ltd (040160) | $60.32 Billion | 2.29% | 0.53x | $46.47 Million |
| Raonsecure Co. Ltd (042510) | $50.48 Billion | 7.96% | 0.42x | $39.59 Million |
| Osangjaiel Co. Ltd (053980) | $35.39 Billion | 4.33% | 0.74x | $26.27 Million |
| Emro Inc. (058970) | $11.53 Billion | 8.73% | 1.15x | $159.67 Million |
| LONGTU KOREA Inc (060240) | $3.59 Billion | 0.00% | 5.53x | $3.02 Million |
| Younglimwon Soft Lab Co. Ltd. (060850) | $4.11 Billion | -86.33% | 4.58x | $23.73 Million |
| Gemvaxlink Co. Ltd (064800) | $169.44 Billion | -11.42% | 0.21x | $44.93 Million |
| 088340 (088340) | $8.99 Billion | 9.77% | 1.57x | $20.38 Million |
| Mobileleader Co.Ltd (100030) | $31.85 Billion | 0.00% | 0.11x | $19.75 Million |