GOLDEN AGRI-RES ADR/100 (4G3) - Net Assets
Based on the latest financial reports, GOLDEN AGRI-RES ADR/100 (4G3) has net assets worth €5.73 Billion EUR (≈ $6.70 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.67 Billion ≈ $12.47 Billion USD) and total liabilities (€4.94 Billion ≈ $5.77 Billion 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. Explore cash flow conversion of GOLDEN AGRI-RES ADR/100 to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.73 Billion |
| % of Total Assets | 53.7% |
| Annual Growth Rate | 4.02% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.43 |
GOLDEN AGRI-RES ADR/100 - Net Assets Trend (2021–2025)
This chart illustrates how GOLDEN AGRI-RES ADR/100's net assets have evolved over time, based on quarterly financial data. Also explore 4G3 total assets for the complete picture of this company's asset base.
Annual Net Assets for GOLDEN AGRI-RES ADR/100 (2021–2025)
The table below shows the annual net assets of GOLDEN AGRI-RES ADR/100 from 2021 to 2025. For live valuation and market cap data, see GOLDEN AGRI-RES ADR/100 market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €5.73 Billion ≈ $6.70 Billion |
+6.48% |
| 2024-12-31 | €5.38 Billion ≈ $6.29 Billion |
+3.83% |
| 2023-12-31 | €5.18 Billion ≈ $6.06 Billion |
-1.42% |
| 2022-12-31 | €5.25 Billion ≈ $6.14 Billion |
+7.41% |
| 2021-12-31 | €4.89 Billion ≈ $5.72 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to GOLDEN AGRI-RES ADR/100'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 47.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.16 Billion | 76.90% |
| Other Components | €1.25 Billion | 23.10% |
| Total Equity | €5.42 Billion | 100.00% |
GOLDEN AGRI-RES ADR/100 Competitors by Market Cap
The table below lists competitors of GOLDEN AGRI-RES ADR/100 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SBT Ultrasonic Technology Co. Ltd. A
SHG:688392
|
$2.59 Billion |
|
Trustmark Corporation
NASDAQ:TRMK
|
$2.59 Billion |
|
Shanghai Kingstar Winning Software
SHE:300253
|
$2.59 Billion |
|
SASA Polyester Sanayi AS
IS:SASA
|
$2.59 Billion |
|
American Eagle Outfitters Inc
NYSE:AEO
|
$2.59 Billion |
|
Shanghai Tunnel Engineering Co Ltd
SHG:600820
|
$2.59 Billion |
|
Hanon Systems
KO:018880
|
$2.59 Billion |
|
Azelis Group NV
BR:AZE
|
$2.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GOLDEN AGRI-RES ADR/100's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,102,192,000 to 5,415,063,000, a change of 312,871,000 (6.1%).
- Net income of 400,198,000 contributed positively to equity growth.
- Dividend payments of 78,858,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €400.20 Million | +7.39% |
| Dividends Paid | €78.86 Million | -1.46% |
| Other Changes | €-8.47 Million | -0.16% |
| Total Change | €- | 6.13% |
Book Value vs Market Value Analysis
This analysis compares GOLDEN AGRI-RES ADR/100'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: 44.96x
- 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 52.10x to 44.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.37 | €19.20 | x |
| 2022-12-31 | €0.39 | €19.20 | x |
| 2023-12-31 | €0.39 | €19.20 | x |
| 2024-12-31 | €0.40 | €19.20 | x |
| 2025-12-31 | €0.43 | €19.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GOLDEN AGRI-RES ADR/100 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): 7.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.09%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 1.97x
- Recent ROE (7.39%) is below the historical average (8.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 10.18% | 4.68% | 1.06x | 2.05x | €8.44 Million |
| 2022 | 15.64% | 6.84% | 1.16x | 1.98x | €281.96 Million |
| 2023 | 4.01% | 2.03% | 1.00x | 1.97x | €-295.04 Million |
| 2024 | 7.15% | 3.34% | 1.02x | 2.10x | €-145.67 Million |
| 2025 | 7.39% | 3.09% | 1.21x | 1.97x | €-141.31 Million |
Industry Comparison
This section compares GOLDEN AGRI-RES ADR/100's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,718,041,639,006
- Average return on equity (ROE) among peers: -39.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GOLDEN AGRI-RES ADR/100 (4G3) | €5.73 Billion | 10.18% | 0.86x | $2.59 Billion |
| China Modern Dairy Holdings Ltd (07M) | $7.95 Billion | 4.04% | 1.20x | $1.08 Billion |
| AFFINOR GROWERS INC. (1AF0) | $289.15K | -355.92% | 5.57x | $402.14K |
| Bumitama Agri Ltd (2BU) | $15.44 Trillion | 15.87% | 0.25x | $1.75 Billion |
| Dole plc (4CB) | $1.42 Billion | 8.73% | 2.21x | $1.18 Billion |
| ICE FISH FARM AS NK-10 (4YYA) | $268.65 Million | -11.39% | 0.80x | $51.49 Million |
| BRASI.CIA BRAS.D.PROP.ADR (52BA) | $2.18 Billion | 10.41% | 0.65x | $336.70 Million |
| P/F Bakkafrost (6BF) | $9.35 Billion | 10.31% | 0.56x | $2.24 Billion |
| China Shengmu Organic Milk Limited (7OM) | $3.89 Billion | 12.13% | 0.83x | $300.20 Million |
| BARRAMUNDI GROUP PTE. LTD (95Z) | $51.53 Million | -49.43% | 0.92x | $8.68 Million |
About GOLDEN AGRI-RES ADR/100
Golden Agri-Resources Ltd, an investment holding company, operates as an integrated palm oil plantation company in Singapore, India, Pakistan, China, rest of Asia, the United States, Europe, and the Middle East. It operates in two segments, Plantations and Palm Oil Mills; and Palm, Laurics and Others. The company offers snacks and instant noodles; edible oils, such as sunflower, rice bran, mustar… Read more