Hanssak Co., Ltd.
Hanssak Co., Ltd. provides IT security solutions in South Korea. It offers SecureGate, a network link solution that provides data link between servers in the separated network environment and the file transmission functions; PassGuard, a password management solution; OfficeGate, a security electronic fax solution; and Unibill, an integrated billing solution. The company was founded in 1992 and is… Read more
Hanssak Co., Ltd. (430690) - Net Assets
Latest net assets as of March 2025: ₩34.65 Billion KRW
Based on the latest financial reports, Hanssak Co., Ltd. (430690) has net assets worth ₩34.65 Billion KRW as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩45.04 Billion) and total liabilities (₩10.39 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 | ₩34.65 Billion |
| % of Total Assets | 76.93% |
| Annual Growth Rate | 62.43% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 81.54 |
Hanssak Co., Ltd. - Net Assets Trend (2022–2024)
This chart illustrates how Hanssak Co., Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hanssak Co., Ltd. (2022–2024)
The table below shows the annual net assets of Hanssak Co., Ltd. from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩35.63 Billion | +0.26% |
| 2023-12-31 | ₩35.54 Billion | +163.35% |
| 2022-12-31 | ₩13.49 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanssak 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 grown by 32.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩13.59 Billion | 38.13% |
| Common Stock | ₩5.45 Billion | 15.29% |
| Other Components | ₩16.59 Billion | 46.58% |
| Total Equity | ₩35.63 Billion | 100.00% |
Hanssak Co., Ltd. Competitors by Market Cap
The table below lists competitors of Hanssak Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Smith Micro Software Inc
NASDAQ:SMSI
|
$12.51 Million |
|
KINGFISH COMPANY EO -01
F:93G
|
$12.52 Million |
|
KineMaster Corporation
KQ:139670
|
$12.52 Million |
|
Sirios Resources Inc
OTCQB:SIREF
|
$12.52 Million |
|
B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653"
AS:PORF
|
$12.51 Million |
|
Grammer AG
XETRA:GMM
|
$12.50 Million |
|
Next Science Ltd
AU:NXS
|
$12.50 Million |
|
Energous Corporation
NASDAQ:WATT
|
$12.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanssak Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,536,220,820 to 35,627,245,660, a change of 91,024,840 (0.3%).
- Net income of 124,902,850 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩124.90 Million | +0.35% |
| Other Changes | ₩-33.88 Million | -0.1% |
| Total Change | ₩- | 0.26% |
Book Value vs Market Value Analysis
This analysis compares Hanssak 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: 1.18x
- 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 3.10x to 1.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩1238.53 | ₩3845.00 | x |
| 2023-12-31 | ₩3261.61 | ₩3845.00 | x |
| 2024-12-31 | ₩3269.96 | ₩3845.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanssak 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): 0.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.61%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.22x
- Recent ROE (0.35%) is below the historical average (8.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 16.34% | 10.07% | 1.03x | 1.58x | ₩856.01 Million |
| 2023 | 9.09% | 13.41% | 0.53x | 1.28x | ₩-322.32 Million |
| 2024 | 0.35% | 0.61% | 0.47x | 1.22x | ₩-3.44 Billion |
Industry Comparison
This section compares Hanssak Co., Ltd.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $70,245,711,982
- Average return on equity (ROE) among peers: 4.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanssak Co., Ltd. (430690) | ₩34.65 Billion | 16.34% | 0.30x | $12.51 Million |
| Kginicis Co.Ltd (035600) | $24.39 Billion | 13.54% | 1.14x | $108.80 Million |
| Nice Information & Telecommunication Inc (036800) | $55.02 Billion | 19.07% | 1.74x | $79.87 Million |
| Cafe24 Corp (042000) | $233.88 Billion | -8.02% | 0.78x | $262.68 Million |
| AhnLab Inc (053800) | $67.47 Billion | 6.13% | 0.26x | $279.44 Million |
| NHN KCP Corp (060250) | $29.81 Billion | 15.72% | 1.35x | $243.94 Million |
| Danal Co. Ltd (064260) | $150.45 Billion | -0.40% | 1.58x | $292.50 Million |
| nTels Co. Ltd (069410) | $40.68 Billion | 5.74% | 0.38x | $23.25 Million |
| Plantynet Co. Ltd (075130) | $57.32 Billion | 5.73% | 0.11x | $16.08 Million |
| Secuve Co. Ltd (131090) | $26.77 Billion | 9.63% | 0.22x | $13.85 Million |
| FASOO.COM Co Ltd (150900) | $16.67 Billion | -23.48% | 1.84x | $20.98 Million |