The Pinkfong Company (403850) - Net Assets
Based on the latest financial reports, The Pinkfong Company (403850) has net assets worth ₩214.11 Billion KRW (≈ $145.10 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 (₩236.50 Billion ≈ $160.27 Million USD) and total liabilities (₩22.39 Billion ≈ $15.17 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. See The Pinkfong Company balance sheet independence to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩214.11 Billion |
| % of Total Assets | 90.53% |
| Annual Growth Rate | 16.2% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.65 |
The Pinkfong Company - Net Assets Trend (2021–2025)
This chart illustrates how The Pinkfong Company's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is The Pinkfong Company worth.
Annual Net Assets for The Pinkfong Company (2021–2025)
The table below shows the annual net assets of The Pinkfong Company from 2021 to 2025. Also explore 403850 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩184.20 Billion ≈ $124.83 Million |
+96.66% |
| 2024-12-31 | ₩93.66 Billion ≈ $63.47 Million |
+8.46% |
| 2023-12-31 | ₩86.36 Billion ≈ $58.52 Million |
-16.46% |
| 2022-12-31 | ₩103.37 Billion ≈ $70.05 Million |
+2.30% |
| 2021-12-31 | ₩101.04 Billion ≈ $68.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to The Pinkfong Company'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 45.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩26.33 Billion | 14.30% |
| Other Components | ₩157.79 Billion | 85.70% |
| Total Equity | ₩184.11 Billion | 100.00% |
The Pinkfong Company Competitors by Market Cap
The table below lists competitors of The Pinkfong Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OnKure Therapeutics, Inc.
NASDAQ:OKUR
|
$119.87 Million |
|
DMS Propertindo Tbk PT
JK:KOTA
|
$119.89 Million |
|
Haesung Industrial Co. Ltd
KQ:034810
|
$119.89 Million |
|
Technos S.A
SA:TECN3
|
$119.91 Million |
|
China National Accord Medicines Corp Ltd
SHE:200028
|
$119.83 Million |
|
Bellevue Group AG
SW:BBN
|
$119.81 Million |
|
WMG Holdings Bhd
KLSE:6378
|
$119.74 Million |
|
Power Root Bhd
KLSE:7237
|
$119.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Pinkfong Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 93,601,569,230 to 184,113,010,260, a change of 90,511,441,030 (96.7%).
- Net income of 18,155,857,740 contributed positively to equity growth.
- New share issuances of 71,819,146,960 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩18.16 Billion | +9.86% |
| Share Issuances | ₩71.82 Billion | +39.01% |
| Other Changes | ₩536.44 Million | +0.29% |
| Total Change | ₩- | 96.70% |
Book Value vs Market Value Analysis
This analysis compares The Pinkfong Company'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: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.54x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ₩7988.53 | ₩12330.00 | x |
| 2022-12-31 | ₩8191.89 | ₩12330.00 | x |
| 2023-12-31 | ₩6967.26 | ₩12330.00 | x |
| 2024-12-31 | ₩7584.18 | ₩12330.00 | x |
| 2025-12-31 | ₩12837.61 | ₩12330.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Pinkfong Company 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): 9.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.34%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.11x
- Recent ROE (9.86%) is above the historical average (4.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 22.89% | 27.13% | 0.51x | 1.65x | ₩12.70 Billion |
| 2022 | -0.06% | -0.05% | 0.67x | 1.73x | ₩-10.17 Billion |
| 2023 | -19.00% | -18.60% | 0.66x | 1.54x | ₩-24.94 Billion |
| 2024 | 8.48% | 8.15% | 0.75x | 1.38x | ₩-1.42 Billion |
| 2025 | 9.86% | 19.34% | 0.46x | 1.11x | ₩-255.44 Million |
Industry Comparison
This section compares The Pinkfong Company's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $258,042,840,962
- Average return on equity (ROE) among peers: -2.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Pinkfong Company (403850) | ₩214.11 Billion | 22.89% | 0.10x | $119.84 Million |
| The Century Co., Ltd. (002420) | $24.11 Billion | -4.74% | 0.82x | $22.62 Million |
| IHQ Inc (003560) | $23.24 Billion | -34.06% | 0.70x | $39.98 Million |
| KIWI Media Group Co.Ltd (012170) | $32.24 Billion | -17.76% | 0.59x | $38.63 Million |
| Barunson Co. Ltd (018700) | $40.09 Billion | 0.00% | 0.80x | $30.66 Million |
| Fantagio Corp (032800) | $58.08 Billion | -11.02% | 0.54x | $45.58 Million |
| Taegu Broadcasting Corporation (033830) | $100.73 Billion | 3.61% | 0.07x | $109.68 Million |
| Seoul Broadcasting System (034120) | $647.12 Billion | 3.04% | 0.93x | $150.46 Million |
| CJ ENM CO. Ltd (035760) | $936.19 Billion | 17.08% | 1.56x | $527.75 Million |
| JYP Entertainment Corporation (035900) | $482.88 Billion | 20.24% | 0.41x | $866.72 Million |
| Jcontentree Corp (036420) | $235.73 Billion | 2.73% | 1.81x | $20.55 Million |
About The Pinkfong Company
The Pinkfong Company, Inc. develops video and audio content, live events, and mobile apps for kids and families worldwide. It provides its products under the Pinkfong, Baby Shark, and Bebefinn brand names. The company was formerly known as SMARTSTUDY Co., Ltd. and changed its name to The Pinkfong Company, Inc. in January 2022. The Pinkfong Company, Inc. was founded in 2010 and is headquartered in… Read more