Global Connections Public Company Limited (GC) - Net Assets
Based on the latest financial reports, Global Connections Public Company Limited (GC) has net assets worth ฿621.20 Million THB (≈ $19.36 Million USD) 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 ≈ $61.07 Million USD) and total liabilities (฿1.34 Billion ≈ $41.71 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. Read Global Connections Public Company Limite debt and liabilities for a breakdown of total debt and financial obligations.
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. Also explore Global Connections Public Company Limite (GC) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market value of Global Connections Public Company Limite.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿638.72 Million ≈ $19.91 Million |
+5.33% |
| 2023-12-31 | ฿606.41 Million ≈ $18.90 Million |
+5.42% |
| 2022-12-31 | ฿575.25 Million ≈ $17.93 Million |
+4.61% |
| 2021-12-31 | ฿549.88 Million ≈ $17.14 Million |
+5.39% |
| 2020-12-31 | ฿521.76 Million ≈ $16.26 Million |
+9.22% |
| 2019-12-31 | ฿477.72 Million ≈ $14.89 Million |
+5.94% |
| 2018-12-31 | ฿450.93 Million ≈ $14.05 Million |
+1.40% |
| 2017-12-31 | ฿444.68 Million ≈ $13.86 Million |
+3.14% |
| 2016-12-31 | ฿431.15 Million ≈ $13.44 Million |
+2.15% |
| 2015-12-31 | ฿422.10 Million ≈ $13.16 Million |
+8.57% |
| 2014-12-31 | ฿388.80 Million ≈ $12.12 Million |
-2.60% |
| 2013-12-31 | ฿399.19 Million ≈ $12.44 Million |
-0.07% |
| 2012-12-31 | ฿399.48 Million ≈ $12.45 Million |
+3.00% |
| 2011-12-31 | ฿387.83 Million ≈ $12.09 Million |
-7.53% |
| 2010-12-31 | ฿419.42 Million ≈ $13.07 Million |
+6.14% |
| 2009-12-31 | ฿395.14 Million ≈ $12.32 Million |
+12.63% |
| 2008-12-31 | ฿350.85 Million ≈ $10.94 Million |
-4.22% |
| 2007-12-31 | ฿366.31 Million ≈ $11.42 Million |
+15.98% |
| 2006-12-31 | ฿315.83 Million ≈ $9.84 Million |
+6.27% |
| 2005-12-31 | ฿297.20 Million ≈ $9.26 Million |
+86.16% |
| 2004-12-31 | ฿159.64 Million ≈ $4.98 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 |
|---|---|
|
ALBIS Leasing AG
XETRA:ALG
|
$60.62 Million |
|
NTPM Holdings Bhd
KLSE:5066
|
$60.62 Million |
|
HLV LIMITED
NSE:HLVLTD
|
$60.67 Million |
|
Softtech Engineers Limited
NSE:SOFTTECH
|
$60.68 Million |
|
tsh biopharmoration Ltd
TWO:8432
|
$60.61 Million |
|
Westlin Corporation
NASDAQ:WSTN
|
$60.61 Million |
|
RESOLUTION MINERALS LTD
F:NC3
|
$60.60 Million |
|
Etherstack Plc
AU:ESK
|
$60.59 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: 3.04x
- 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 5.22x to 3.04x 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 | ฿4.42 | x |
| 2006-12-31 | ฿0.72 | ฿4.42 | x |
| 2007-12-31 | ฿0.83 | ฿4.42 | x |
| 2008-12-31 | ฿0.80 | ฿4.42 | x |
| 2009-12-31 | ฿0.90 | ฿4.42 | x |
| 2010-12-31 | ฿0.95 | ฿4.42 | x |
| 2011-12-31 | ฿0.88 | ฿4.42 | x |
| 2012-12-31 | ฿0.91 | ฿4.42 | x |
| 2013-12-31 | ฿0.91 | ฿4.42 | x |
| 2014-12-31 | ฿0.88 | ฿4.42 | x |
| 2015-12-31 | ฿0.96 | ฿4.42 | x |
| 2016-12-31 | ฿0.98 | ฿4.42 | x |
| 2017-12-31 | ฿1.01 | ฿4.42 | x |
| 2018-12-31 | ฿1.02 | ฿4.42 | x |
| 2019-12-31 | ฿1.09 | ฿4.42 | x |
| 2020-12-31 | ฿1.19 | ฿4.42 | x |
| 2021-12-31 | ฿1.25 | ฿4.42 | x |
| 2022-12-31 | ฿1.31 | ฿4.42 | x |
| 2023-12-31 | ฿1.38 | ฿4.42 | x |
| 2024-12-31 | ฿1.45 | ฿4.42 | 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: $3,516,144,515
- Average return on equity (ROE) among peers: 8.75%
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 | $60.62 Million |
| Salee Colour Public Company Limited (COLOR) | $221.85 Million | -0.23% | 4.13x | $18.91 Million |
| Dimet (Siam) Public Company Limited (DIMET) | $361.15 Million | -25.12% | 0.18x | $5.03 Million |
| Eason & Co Public Company Limited (EASON) | $202.34 Million | 24.38% | 1.14x | $18.12 Million |
| Eastern Polymer Group Public Company Limited (EPG) | $8.20 Billion | 7.67% | 0.46x | $308.95 Million |
| Megachem (Thailand) Public Company Limited (MGT) | $371.29 Million | 12.74% | 0.17x | $24.44 Million |
| Polyplex (Thailand) Public Company Limited (PTL) | $11.61 Billion | 20.02% | 0.37x | $274.91 Million |
| Polyplex (Thailand) Public Company Limited (PTL-R) | $9.67 Billion | 14.14% | 0.49x | $276.31 Million |
| Salee Industry Public Company Limited (SALEE) | $650.26 Million | 14.35% | 0.37x | $18.01 Million |
| Selic Corp Public Company Limited (SELIC) | $361.47 Million | 10.80% | 0.35x | $49.89 Million |
About 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