BASE Inc
BASE,Inc. engages in the planning, development, and operation of web services in Japan. The company offers BASE, an online shop opening service that allows anyone to create an online shop; and PAY ID, a shopping service that provides payment experiences for purchasers shopping online, as well as enables them to discover new products and repeat purchases. It also provides PAY.JP, a payment API tha… Read more
BASE Inc (BAINF) - Net Assets
Latest net assets as of September 2025: $14.31 Billion USD
Based on the latest financial reports, BASE Inc (BAINF) has net assets worth $14.31 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($47.58 Billion) and total liabilities ($33.28 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 | $14.31 Billion |
| % of Total Assets | 30.07% |
| Annual Growth Rate | 40.9% |
| 5-Year Change | -16.15% |
| 10-Year Change | N/A |
| Growth Volatility | 152.58 |
BASE Inc - Net Assets Trend (2018–2024)
This chart illustrates how BASE 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 BASE Inc (2018–2024)
The table below shows the annual net assets of BASE Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $13.60 Billion | +4.61% |
| 2023-12-31 | $13.00 Billion | -3.70% |
| 2022-12-31 | $13.50 Billion | -10.63% |
| 2021-12-31 | $15.10 Billion | -6.87% |
| 2020-12-31 | $16.22 Billion | +413.50% |
| 2019-12-31 | $3.16 Billion | +81.78% |
| 2018-12-31 | $1.74 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BASE 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 58878300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.73 Billion | 64.23% |
| Other Comprehensive Income | $131.00 Million | 0.96% |
| Other Components | $5.00 Billion | 36.76% |
| Total Equity | $13.60 Billion | 100.00% |
BASE Inc Competitors by Market Cap
The table below lists competitors of BASE Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EL. STRASBG NOM. EO 10
F:7Z2
|
$169.61 Million |
|
Hefei Taihe Optoelectronic
SHG:603656
|
$169.62 Million |
|
Edom Technology Co Ltd
TW:3048
|
$169.71 Million |
|
USANA Health Sciences Inc
NYSE:USNA
|
$169.73 Million |
|
NORSKE SKOG AS NK 4
F:0BQ
|
$169.57 Million |
|
Nano X Imaging Ltd
NASDAQ:NNOX
|
$169.56 Million |
|
Metro Mining Limited
PINK:MMILF
|
$169.56 Million |
|
GigCapital7 Corp.
NASDAQ:GIGGU
|
$169.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BASE Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,000,000,000 to 13,599,000,000, a change of 599,000,000 (4.6%).
- Net income of 340,000,000 contributed positively to equity growth.
- New share issuances of 10,000,000 increased equity.
- Other comprehensive income increased equity by 127,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $340.00 Million | +2.5% |
| Share Issuances | $10.00 Million | +0.07% |
| Other Comprehensive Income | $127.00 Million | +0.93% |
| Other Changes | $122.00 Million | +0.9% |
| Total Change | $- | 4.61% |
Book Value vs Market Value Analysis
This analysis compares BASE 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: 0.02x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $48.15 | $2.54 | x |
| 2019-12-31 | $30.94 | $2.54 | x |
| 2020-12-31 | $144.52 | $2.54 | x |
| 2021-12-31 | $136.58 | $2.54 | x |
| 2022-12-31 | $120.47 | $2.54 | x |
| 2023-12-31 | $113.68 | $2.54 | x |
| 2024-12-31 | $115.99 | $2.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BASE 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): 2.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.13%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.40x
- Recent ROE (2.50%) is above the historical average (-11.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -49.20% | -36.34% | 0.34x | 4.00x | $-1.03 Billion |
| 2019 | -14.55% | -11.94% | 0.37x | 3.31x | $-775.51 Million |
| 2020 | 3.60% | 7.05% | 0.29x | 1.76x | $-1.04 Billion |
| 2021 | -7.91% | -12.02% | 0.31x | 2.12x | $-2.70 Billion |
| 2022 | -12.83% | -17.78% | 0.31x | 2.32x | $-3.08 Billion |
| 2023 | -4.66% | -5.19% | 0.31x | 2.87x | $-1.91 Billion |
| 2024 | 2.50% | 2.13% | 0.35x | 3.40x | $-1.02 Billion |
Industry Comparison
This section compares BASE Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BASE Inc (BAINF) | $14.31 Billion | -49.20% | 2.33x | $169.59 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |