Glory Forever PCL
Glory Forever Public Company Limited operates an online media platform for digital books in Thailand. It operates in three segments: E-commerce, Residential, and Other segments. The company operates Alisa, a generative AI chatbot; and platforms for reading-writing, including Kawebook and Jinovel. It also provides management services and contracting works for residential projects; and offers healt… Read more
Glory Forever PCL (GLORY) - Net Assets
Latest net assets as of September 2025: ฿196.71 Million THB
Based on the latest financial reports, Glory Forever PCL (GLORY) has net assets worth ฿196.71 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 (฿225.87 Million) and total liabilities (฿29.16 Million). 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 | ฿196.71 Million |
| % of Total Assets | 87.09% |
| Annual Growth Rate | 82.46% |
| 5-Year Change | 78.76% |
| 10-Year Change | N/A |
| Growth Volatility | 255.08 |
Glory Forever PCL - Net Assets Trend (2017–2024)
This chart illustrates how Glory Forever PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Glory Forever PCL (2017–2024)
The table below shows the annual net assets of Glory Forever PCL from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿204.72 Million | -23.67% |
| 2023-12-31 | ฿268.20 Million | -16.25% |
| 2022-12-31 | ฿320.23 Million | +7.94% |
| 2021-12-31 | ฿296.66 Million | +159.04% |
| 2020-12-31 | ฿114.52 Million | +688.04% |
| 2019-12-31 | ฿14.53 Million | -6.24% |
| 2018-12-31 | ฿15.50 Million | +409.95% |
| 2017-12-31 | ฿3.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Glory Forever PCL'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 9240453500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿289.54 Million | 147.59% |
| Total Equity | ฿196.17 Million | 100.00% |
Glory Forever PCL Competitors by Market Cap
The table below lists competitors of Glory Forever PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trugolf Inc
NASDAQ:TRUG
|
$1.46 Million |
|
Banaras Beads Limited
NSE:BANARBEADS
|
$1.46 Million |
|
Harvest Gold Corporation
PINK:HVGDF
|
$1.46 Million |
|
Myeco Group Ltd
F:MZ60
|
$1.46 Million |
|
Solid Clouds hf
IC:SOLID
|
$1.46 Million |
|
Impera Capital S.A.
WAR:IMP
|
$1.46 Million |
|
STME
PINK:STME
|
$1.46 Million |
|
DIANOMI PLC LS -002
F:3NJ
|
$1.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Glory Forever PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 263,900,449 to 196,171,256, a change of -67,729,193 (-25.7%).
- Net loss of 67,798,729 reduced equity.
- Other comprehensive income decreased equity by 2,991,000.
- Other factors increased equity by 3,060,536.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-67.80 Million | -34.56% |
| Other Comprehensive Income | ฿-2.99 Million | -1.52% |
| Other Changes | ฿3.06 Million | +1.56% |
| Total Change | ฿- | -25.66% |
Book Value vs Market Value Analysis
This analysis compares Glory Forever PCL'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: 0.83x
- 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 decreased from 39.48x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿0.02 | ฿0.60 | x |
| 2018-12-31 | ฿0.08 | ฿0.60 | x |
| 2019-12-31 | ฿0.05 | ฿0.60 | x |
| 2020-12-31 | ฿0.42 | ฿0.60 | x |
| 2021-12-31 | ฿1.39 | ฿0.60 | x |
| 2022-12-31 | ฿0.86 | ฿0.60 | x |
| 2023-12-31 | ฿0.98 | ฿0.60 | x |
| 2024-12-31 | ฿0.73 | ฿0.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Glory Forever PCL 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): -34.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -50.41%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.21x
- Recent ROE (-34.56%) is below the historical average (14.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -37.92% | -104.66% | 0.18x | 2.03x | ฿-1.46 Million |
| 2018 | 80.39% | 29.30% | 1.63x | 1.68x | ฿10.91 Million |
| 2019 | 96.66% | 19.11% | 2.26x | 2.24x | ฿12.59 Million |
| 2020 | 12.21% | 17.83% | 0.57x | 1.19x | ฿2.53 Million |
| 2021 | 5.08% | 16.55% | 0.29x | 1.06x | ฿-14.59 Million |
| 2022 | 9.04% | 21.77% | 0.37x | 1.11x | ฿-3.06 Million |
| 2023 | -15.39% | -47.45% | 0.29x | 1.12x | ฿-67.00 Million |
| 2024 | -34.56% | -50.41% | 0.57x | 1.21x | ฿-87.42 Million |
Industry Comparison
This section compares Glory Forever PCL's net assets metrics with peer companies in the Publishing industry.
Industry Context
- Industry: Publishing
- Average net assets among peers: $1,359,331,425
- Average return on equity (ROE) among peers: 4.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glory Forever PCL (GLORY) | ฿196.71 Million | -37.92% | 0.15x | $1.46 Million |
| Amarin Printing and Publishing Public Company Limited (AMARIN) | $1.55 Billion | 14.49% | 0.27x | $7.85 Million |
| Matichon Public Company Limited (MATI) | $1.67 Billion | 6.18% | 0.13x | $3.38 Million |
| Nation Group (Thailand) PCL (NATION) | $856.41 Million | -7.65% | 3.13x | $5.18 Million |