GTC
Globe Trade Centre S.A., a real estate developer and investor company, engages in the development, management, and rental of office, retail, and residential spaces. It operates in Poland, Hungary, Germany, Bucharest, Belgrade, Zagreb, Sofia, and internationally. The company was founded in 1994 and is headquartered in Warsaw, Poland. Globe Trade Centre S.A. is a subsidiary of GTC Dutch Holdings B.… Read more
GTC (G91) - Net Assets
Latest net assets as of September 2025: €1.16 Billion EUR
Based on the latest financial reports, GTC (G91) has net assets worth €1.16 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.17 Billion) and total liabilities (€2.01 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 | €1.16 Billion |
| % of Total Assets | 36.57% |
| Annual Growth Rate | 5.04% |
| 5-Year Change | 20.75% |
| 10-Year Change | N/A |
| Growth Volatility | 7.94 |
GTC - Net Assets Trend (2016–2024)
This chart illustrates how GTC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GTC (2016–2024)
The table below shows the annual net assets of GTC from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.18 Billion | +4.45% |
| 2023-12-31 | €1.13 Billion | -0.83% |
| 2022-12-31 | €1.14 Billion | +1.67% |
| 2021-12-31 | €1.12 Billion | +14.66% |
| 2020-12-31 | €974.15 Million | -7.98% |
| 2019-12-31 | €1.06 Billion | +3.71% |
| 2018-12-31 | €1.02 Billion | +8.45% |
| 2017-12-31 | €941.26 Million | +18.56% |
| 2016-12-31 | €793.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GTC'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 206.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €492.90 Million | 43.70% |
| Other Components | €634.90 Million | 56.30% |
| Total Equity | €1.13 Billion | 100.00% |
GTC Competitors by Market Cap
The table below lists competitors of GTC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ceigall India
NSE:CEIGALL
|
$103.60 Million |
|
Anzheng Fashion
SHG:603839
|
$103.61 Million |
|
GRM Overseas Limited
NSE:GRMOVER
|
$103.61 Million |
|
Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS
IS:GOLTS
|
$103.67 Million |
|
Progate Group Corporation
TWO:8227
|
$103.55 Million |
|
Vivotek Inc
TW:3454
|
$103.53 Million |
|
PT Estee Gold Feet Tbk
JK:EURO
|
$103.51 Million |
|
Trigold Holdings Ltd
TWO:3709
|
$103.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GTC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,101,900,000 to 1,127,800,000, a change of 25,900,000 (2.4%).
- Net income of 50,900,000 contributed positively to equity growth.
- Dividend payments of 29,600,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €50.90 Million | +4.51% |
| Dividends Paid | €29.60 Million | -2.62% |
| Other Changes | €4.60 Million | +0.41% |
| Total Change | €- | 2.35% |
Book Value vs Market Value Analysis
This analysis compares GTC'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: 0.27x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.99 | €0.53 | x |
| 2018-12-31 | €2.10 | €0.53 | x |
| 2019-12-31 | €2.15 | €0.53 | x |
| 2020-12-31 | €1.97 | €0.53 | x |
| 2021-12-31 | €2.27 | €0.53 | x |
| 2022-12-31 | €1.94 | €0.53 | x |
| 2023-12-31 | €1.92 | €0.53 | x |
| 2024-12-31 | €1.96 | €0.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GTC 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): 4.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.15%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.86x
- Recent ROE (4.51%) is below the historical average (6.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 19.95% | 132.40% | 0.06x | 2.34x | €78.68 Million |
| 2017 | 16.68% | 121.41% | 0.06x | 2.33x | €62.60 Million |
| 2018 | 8.98% | 59.24% | 0.07x | 2.32x | €-10.37 Million |
| 2019 | 7.16% | 44.08% | 0.07x | 2.41x | €-29.64 Million |
| 2020 | -7.33% | -43.83% | 0.06x | 2.59x | €-165.95 Million |
| 2021 | 3.78% | 24.22% | 0.06x | 2.58x | €-68.41 Million |
| 2022 | 2.10% | 14.05% | 0.06x | 2.40x | €-87.89 Million |
| 2023 | 0.95% | 5.73% | 0.07x | 2.41x | €-99.69 Million |
| 2024 | 4.51% | 27.15% | 0.06x | 2.86x | €-61.88 Million |
Industry Comparison
This section compares GTC's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $7,323,327,296
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GTC (G91) | €1.16 Billion | 19.95% | 1.73x | $103.56 Million |
| Intea Fastigheter AB (publ) (1DZ0) | $7.21 Billion | 27.32% | 1.57x | $1.64 Billion |
| The RMR Group Inc (26R) | $540.90 Million | 5.32% | 0.28x | $202.36 Million |
| Latvian Forest Company AB (publ) (2FD) | $33.43 Million | 0.82% | 0.28x | $19.28 Million |
| PHN (2PN) | $2.28 Billion | 3.03% | 0.66x | $30.69 Million |
| RomReal Limited (3RR) | $16.64 Million | 2.97% | 0.03x | $999.26K |
| Red Star Macalline Group Corporation Ltd (3S5) | $57.53 Billion | 3.56% | 1.35x | $234.20 Million |
| AMASTEN (4M2B) | $5.21 Billion | 11.02% | 1.33x | $207.35 Million |
| ZUEBLIN IMMO.H.NAM.SF22,5 (61Z1) | $141.97 Million | 6.12% | 0.69x | $138.66 Million |
| Accentro Real Estate AG (A4Y) | $136.84 Million | 19.21% | 1.20x | $104.15 |
| Hasen-Immobilien AG (ABHA) | $136.91 Million | 3.44% | 0.62x | $6.07 Million |