Globlex Holding Management Public Company Limited
Globlex Holding Management Public Company Limited, an investing holding company, engages in securities, investment, and financial advisory businesses in Thailand. The company operates through three segments: Holding Business; Securities Business; and Other Business. It offers securities and derivatives brokerage, underwriting and fund arrangement, and financial advisory services. Globlex Holding … Read more
Globlex Holding Management Public Company Limited (GBX) - Net Assets
Latest net assets as of December 2025: ฿1.34 Billion THB
Based on the latest financial reports, Globlex Holding Management Public Company Limited (GBX) has net assets worth ฿1.34 Billion THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿2.65 Billion) and total liabilities (฿1.31 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 | ฿1.34 Billion |
| % of Total Assets | 50.59% |
| Annual Growth Rate | 4.55% |
| 5-Year Change | -14.94% |
| 10-Year Change | -5.06% |
| Growth Volatility | 38.02 |
Globlex Holding Management Public Company Limited - Net Assets Trend (2003–2025)
This chart illustrates how Globlex Holding Management Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Globlex Holding Management Public Company Limited (2003–2025)
The table below shows the annual net assets of Globlex Holding Management Public Company Limited from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿1.34 Billion | -1.18% |
| 2024-12-31 | ฿1.36 Billion | -8.19% |
| 2023-12-31 | ฿1.48 Billion | -3.21% |
| 2022-12-31 | ฿1.53 Billion | -3.13% |
| 2021-12-31 | ฿1.58 Billion | +9.08% |
| 2020-12-31 | ฿1.44 Billion | +2.88% |
| 2019-12-31 | ฿1.40 Billion | +1.02% |
| 2018-12-31 | ฿1.39 Billion | +0.83% |
| 2017-12-31 | ฿1.38 Billion | -2.36% |
| 2016-12-31 | ฿1.41 Billion | +1.77% |
| 2015-12-31 | ฿1.39 Billion | -0.04% |
| 2014-12-31 | ฿1.39 Billion | +1.10% |
| 2013-12-31 | ฿1.37 Billion | +7.62% |
| 2012-12-31 | ฿1.28 Billion | -2.04% |
| 2011-12-31 | ฿1.30 Billion | +2.43% |
| 2010-12-31 | ฿1.27 Billion | +4.72% |
| 2009-12-31 | ฿1.21 Billion | +6.61% |
| 2008-12-31 | ฿1.14 Billion | -13.25% |
| 2007-12-31 | ฿1.31 Billion | +1.86% |
| 2006-12-31 | ฿1.29 Billion | -15.33% |
| 2005-12-31 | ฿1.52 Billion | +7.83% |
| 2004-12-31 | ฿1.41 Billion | +180.19% |
| 2003-12-31 | ฿503.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Globlex Holding Management Public Company Limited'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 120.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿1.37 Billion | 102.32% |
| Total Equity | ฿1.34 Billion | 100.00% |
Globlex Holding Management Public Company Limited Competitors by Market Cap
The table below lists competitors of Globlex Holding Management Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guerrilla RF Inc.
OTCQX:GUER
|
$8.78 Million |
|
Eastparc Hotel Tbk PT
JK:EAST
|
$8.78 Million |
|
SPC Nickel Corp
PINK:SPCNF
|
$8.78 Million |
|
VerifyMe Inc
NASDAQ:VRME
|
$8.79 Million |
|
Star Money PCL
BK:SM
|
$8.78 Million |
|
Kumulus Vape SA
PA:ALVAP
|
$8.78 Million |
|
Maritima De In
SN:MARINSA
|
$8.78 Million |
|
Balyo S.A.
LSE:0RQF
|
$8.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globlex Holding Management Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,351,475,686 to 1,340,546,660, a change of -10,929,026 (-0.8%).
- Net income of 28,562,485 contributed positively to equity growth.
- Dividend payments of 31,666,367 reduced retained earnings.
- Other comprehensive income decreased equity by 49,712,475.
- Other factors increased equity by 41,887,331.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿28.56 Million | +2.13% |
| Dividends Paid | ฿31.67 Million | -2.36% |
| Other Comprehensive Income | ฿-49.71 Million | -3.71% |
| Other Changes | ฿41.89 Million | +3.12% |
| Total Change | ฿- | -0.81% |
Book Value vs Market Value Analysis
This analysis compares Globlex Holding Management Public Company Limited'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: 0.45x
- 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 increased from 0.00x to 0.45x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ฿16229894.41 | ฿0.55 | x |
| 2005-12-31 | ฿1.23 | ฿0.55 | x |
| 2006-12-31 | ฿0.97 | ฿0.55 | x |
| 2007-12-31 | ฿0.98 | ฿0.55 | x |
| 2008-12-31 | ฿0.90 | ฿0.55 | x |
| 2009-12-31 | ฿0.97 | ฿0.55 | x |
| 2010-12-31 | ฿0.99 | ฿0.55 | x |
| 2011-12-31 | ฿1.03 | ฿0.55 | x |
| 2012-12-31 | ฿1.17 | ฿0.55 | x |
| 2013-12-31 | ฿1.26 | ฿0.55 | x |
| 2014-12-31 | ฿1.27 | ฿0.55 | x |
| 2015-12-31 | ฿1.27 | ฿0.55 | x |
| 2016-12-31 | ฿1.30 | ฿0.55 | x |
| 2017-12-31 | ฿1.27 | ฿0.55 | x |
| 2018-12-31 | ฿1.27 | ฿0.55 | x |
| 2019-12-31 | ฿1.28 | ฿0.55 | x |
| 2020-12-31 | ฿1.32 | ฿0.55 | x |
| 2021-12-31 | ฿1.44 | ฿0.55 | x |
| 2022-12-31 | ฿1.39 | ฿0.55 | x |
| 2023-12-31 | ฿1.35 | ฿0.55 | x |
| 2024-12-31 | ฿1.24 | ฿0.55 | x |
| 2025-12-31 | ฿1.23 | ฿0.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Globlex Holding Management Public Company Limited 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): 2.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.16%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.98x
- Recent ROE (2.13%) is below the historical average (3.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 30.55% | 24.67% | 0.21x | 5.76x | ฿103.55 Million |
| 2004 | 6.19% | 11.42% | 0.38x | 1.42x | ฿-53.85 Million |
| 2005 | 12.16% | 22.11% | 0.41x | 1.34x | ฿32.83 Million |
| 2006 | -0.90% | -3.05% | 0.27x | 1.11x | ฿-140.51 Million |
| 2007 | 0.80% | 2.90% | 0.18x | 1.54x | ฿-120.78 Million |
| 2008 | -10.54% | -46.83% | 0.20x | 1.12x | ฿-233.90 Million |
| 2009 | 4.14% | 1.12% | 2.85x | 1.29x | ฿-71.20 Million |
| 2010 | 4.83% | 0.66% | 4.55x | 1.61x | ฿-65.73 Million |
| 2011 | 3.24% | 0.22% | 8.55x | 1.73x | ฿-87.99 Million |
| 2012 | 1.19% | 0.06% | 9.74x | 2.12x | ฿-112.42 Million |
| 2013 | 3.22% | 0.09% | 23.92x | 1.54x | ฿-93.17 Million |
| 2014 | 2.45% | 0.10% | 15.41x | 1.64x | ฿-104.89 Million |
| 2015 | 0.85% | 0.03% | 13.77x | 1.77x | ฿-127.04 Million |
| 2016 | 2.89% | 0.07% | 20.35x | 1.97x | ฿-100.48 Million |
| 2017 | 0.12% | 0.00% | 17.77x | 2.14x | ฿-136.30 Million |
| 2018 | 0.58% | 0.02% | 20.82x | 1.76x | ฿-130.73 Million |
| 2019 | 1.06% | 0.02% | 30.58x | 1.94x | ฿-125.01 Million |
| 2020 | 2.99% | 0.08% | 19.08x | 2.04x | ฿-101.08 Million |
| 2021 | 8.82% | 15.69% | 0.31x | 1.82x | ฿-18.51 Million |
| 2022 | 4.66% | 12.07% | 0.24x | 1.61x | ฿-80.78 Million |
| 2023 | 3.29% | 10.97% | 0.17x | 1.78x | ฿-98.73 Million |
| 2024 | -4.03% | -9.74% | 0.20x | 2.04x | ฿-189.65 Million |
| 2025 | 2.13% | 4.16% | 0.26x | 1.98x | ฿-105.49 Million |
Industry Comparison
This section compares Globlex Holding Management Public Company Limited's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $2,843,934,399
- Average return on equity (ROE) among peers: 8.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globlex Holding Management Public Company Limited (GBX) | ฿1.34 Billion | 30.55% | 0.98x | $8.78 Million |
| AIRA Capital Public Company Limited (AIRA) | $1.11 Billion | 8.11% | 3.78x | $60.05 Million |
| Asia Plus Group Holdings PCL (ASP) | $4.44 Billion | 24.06% | 0.73x | $93.67 Million |
| Beyond Securities PCL (BYD) | $927.92 Million | -4.32% | 0.24x | $46.15 Million |
| Country Group Holdings Public Company Limited (CGH) | $3.38 Billion | 12.43% | 0.41x | $29.38 Million |
| KGI Securities (Thailand) Public Company Limited (KGI) | $5.56 Billion | 1.15% | 0.34x | $160.61 Million |
| Maybank Securities (Thailand) PCL (MST) | $4.42 Billion | 14.80% | 0.62x | $18.74 Million |
| Trinity Watthana Public Company Limited (TNITY) | $1.60 Billion | 8.17% | 2.16x | $9.36 Million |
| UOB Kay Hian Securities (Thailand) Public Company Limited (UOBKH) | $1.83 Billion | 6.24% | 0.23x | $8.84 Million |
| XSpring Capital Public Company Limited (XPG) | $2.34 Billion | 2.55% | 0.50x | $108.52 Million |