Global Connections Public Company Limited
Global Connections Public Company Limited distributes commodity polymers and special additive products in Thailand. The company offers additives; imported commodities; petrochemical and intermediates; bio green technology, including bio oil cleaning, bio household cleaning, bio deodorizer, and gc solution for de scaler of cooling tower system; industrial products; polyolefin; engineering plastics… Read more
Global Connections Public Company Limited (GC) - Net Assets
Latest net assets as of September 2025: ฿621.20 Million THB
Based on the latest financial reports, Global Connections Public Company Limited (GC) has net assets worth ฿621.20 Million THB as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.96 Billion) and total liabilities (฿1.34 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 | ฿621.20 Million |
| % of Total Assets | 31.71% |
| Annual Growth Rate | 7.18% |
| 5-Year Change | 22.42% |
| 10-Year Change | 51.32% |
| Growth Volatility | 18.62 |
Global Connections Public Company Limited - Net Assets Trend (2004–2024)
This chart illustrates how Global Connections 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 Global Connections Public Company Limited (2004–2024)
The table below shows the annual net assets of Global Connections Public Company Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿638.72 Million | +5.33% |
| 2023-12-31 | ฿606.41 Million | +5.42% |
| 2022-12-31 | ฿575.25 Million | +4.61% |
| 2021-12-31 | ฿549.88 Million | +5.39% |
| 2020-12-31 | ฿521.76 Million | +9.22% |
| 2019-12-31 | ฿477.72 Million | +5.94% |
| 2018-12-31 | ฿450.93 Million | +1.40% |
| 2017-12-31 | ฿444.68 Million | +3.14% |
| 2016-12-31 | ฿431.15 Million | +2.15% |
| 2015-12-31 | ฿422.10 Million | +8.57% |
| 2014-12-31 | ฿388.80 Million | -2.60% |
| 2013-12-31 | ฿399.19 Million | -0.07% |
| 2012-12-31 | ฿399.48 Million | +3.00% |
| 2011-12-31 | ฿387.83 Million | -7.53% |
| 2010-12-31 | ฿419.42 Million | +6.14% |
| 2009-12-31 | ฿395.14 Million | +12.63% |
| 2008-12-31 | ฿350.85 Million | -4.22% |
| 2007-12-31 | ฿366.31 Million | +15.98% |
| 2006-12-31 | ฿315.83 Million | +6.27% |
| 2005-12-31 | ฿297.20 Million | +86.16% |
| 2004-12-31 | ฿159.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Connections 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 grown by 7196.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿338.69 Million | 53.03% |
| Common Stock | ฿220.00 Million | 34.44% |
| Other Comprehensive Income | ฿24.00 Million | 3.76% |
| Other Components | ฿56.03 Million | 8.77% |
| Total Equity | ฿638.72 Million | 100.00% |
Global Connections Public Company Limited Competitors by Market Cap
The table below lists competitors of Global Connections Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pixelplus. Co. Ltd
KQ:087600
|
$20.11 Million |
|
Artmarket.com SA
PA:PRC
|
$20.11 Million |
|
Novatech Industries SA
PA:MLNOV
|
$20.12 Million |
|
DIC Holdings Construction JSC
VN:DC4
|
$20.14 Million |
|
Verimatrix
PINK:ISDCF
|
$20.11 Million |
|
Celsius Resources Limited
F:FX8
|
$20.11 Million |
|
Nevada Canyon Gold Corp
PINK:NGLD
|
$20.11 Million |
|
GWR Group Ltd
AU:GWR
|
$20.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Connections Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 606,414,937 to 638,720,814, a change of 32,305,877 (5.3%).
- Net income of 190,697,464 contributed positively to equity growth.
- Dividend payments of 158,391,587 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿190.70 Million | +29.86% |
| Dividends Paid | ฿158.39 Million | -24.8% |
| Total Change | ฿- | 5.33% |
Book Value vs Market Value Analysis
This analysis compares Global Connections 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: 3.09x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.29x to 3.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ฿0.85 | ฿4.48 | x |
| 2006-12-31 | ฿0.72 | ฿4.48 | x |
| 2007-12-31 | ฿0.83 | ฿4.48 | x |
| 2008-12-31 | ฿0.80 | ฿4.48 | x |
| 2009-12-31 | ฿0.90 | ฿4.48 | x |
| 2010-12-31 | ฿0.95 | ฿4.48 | x |
| 2011-12-31 | ฿0.88 | ฿4.48 | x |
| 2012-12-31 | ฿0.91 | ฿4.48 | x |
| 2013-12-31 | ฿0.91 | ฿4.48 | x |
| 2014-12-31 | ฿0.88 | ฿4.48 | x |
| 2015-12-31 | ฿0.96 | ฿4.48 | x |
| 2016-12-31 | ฿0.98 | ฿4.48 | x |
| 2017-12-31 | ฿1.01 | ฿4.48 | x |
| 2018-12-31 | ฿1.02 | ฿4.48 | x |
| 2019-12-31 | ฿1.09 | ฿4.48 | x |
| 2020-12-31 | ฿1.19 | ฿4.48 | x |
| 2021-12-31 | ฿1.25 | ฿4.48 | x |
| 2022-12-31 | ฿1.31 | ฿4.48 | x |
| 2023-12-31 | ฿1.38 | ฿4.48 | x |
| 2024-12-31 | ฿1.45 | ฿4.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Connections 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): 29.86%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 2.93x
- • Equity Multiplier: 3.15x
- Recent ROE (29.86%) is above the historical average (23.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 21.71% | 1.32% | 3.06x | 5.35x | ฿18.70 Million |
| 2005 | 12.29% | 1.12% | 3.66x | 3.00x | ฿6.80 Million |
| 2006 | 21.10% | 1.97% | 3.98x | 2.70x | ฿35.05 Million |
| 2007 | 29.61% | 3.12% | 3.67x | 2.58x | ฿71.85 Million |
| 2008 | 21.82% | 2.23% | 4.44x | 2.20x | ฿41.45 Million |
| 2009 | 24.37% | 3.61% | 3.22x | 2.10x | ฿56.78 Million |
| 2010 | 29.63% | 3.39% | 3.60x | 2.43x | ฿82.34 Million |
| 2011 | 20.74% | 2.12% | 3.40x | 2.87x | ฿41.65 Million |
| 2012 | 19.44% | 2.10% | 3.29x | 2.82x | ฿37.70 Million |
| 2013 | 17.53% | 2.21% | 2.47x | 3.21x | ฿30.04 Million |
| 2014 | 12.24% | 1.31% | 3.11x | 3.01x | ฿8.73 Million |
| 2015 | 18.79% | 2.17% | 2.65x | 3.27x | ฿37.09 Million |
| 2016 | 21.47% | 2.33% | 2.92x | 3.16x | ฿49.44 Million |
| 2017 | 20.13% | 2.40% | 3.00x | 2.79x | ฿45.06 Million |
| 2018 | 19.04% | 2.35% | 2.89x | 2.81x | ฿40.75 Million |
| 2019 | 24.03% | 3.18% | 3.05x | 2.48x | ฿67.02 Million |
| 2020 | 26.07% | 3.78% | 2.48x | 2.79x | ฿83.87 Million |
| 2021 | 34.39% | 3.79% | 2.76x | 3.29x | ฿134.14 Million |
| 2022 | 28.40% | 2.96% | 3.01x | 3.19x | ฿105.84 Million |
| 2023 | 30.72% | 3.65% | 2.77x | 3.04x | ฿125.65 Million |
| 2024 | 29.86% | 3.23% | 2.93x | 3.15x | ฿126.83 Million |
Industry Comparison
This section compares Global Connections Public Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,926,159,853
- Average return on equity (ROE) among peers: 6.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Connections Public Company Limited (GC) | ฿621.20 Million | 21.71% | 2.15x | $20.11 Million |
| Applied DB Public Company Limited (ADB) | $647.79 Million | 4.28% | 0.42x | $2.41 Million |
| Birla Carbon (Thailand) Public Company Limited (BCT) | $9.29 Billion | 8.68% | 0.88x | $87.76 Million |
| Bio Green Energy Tech PCL (BIOTEC) | $1.18 Billion | -10.27% | 1.57x | $7.06 Million |
| Chememan Public Company Limited (CMAN) | $2.55 Billion | 9.88% | 1.54x | $29.85 Million |
| Salee Colour Public Company Limited (COLOR) | $738.46 Million | 3.24% | 0.77x | $7.47 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $135.26 Million | 1.00% | 0.67x | $2.49 Million |
| Delta Paint PCL (DPAINT) | $205.16 Million | 20.91% | 2.26x | $154.45K |
| Eason & Co Public Company Limited (EASON) | $553.06 Million | 9.23% | 0.29x | $7.50 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $11.04 Billion | 11.04% | 0.40x | $69.91 Million |