Glatfelter Corporation
Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized pro… Read more
Glatfelter Corporation (GLN) - Net Assets
Latest net assets as of September 2024: €206.70 Million EUR
Based on the latest financial reports, Glatfelter Corporation (GLN) has net assets worth €206.70 Million EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.52 Billion) and total liabilities (€1.31 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 | €206.70 Million |
| % of Total Assets | 13.58% |
| Annual Growth Rate | -9.79% |
| 5-Year Change | -53.8% |
| 10-Year Change | N/A |
| Growth Volatility | 15.58 |
Glatfelter Corporation - Net Assets Trend (2014–2023)
This chart illustrates how Glatfelter Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Glatfelter Corporation (2014–2023)
The table below shows the annual net assets of Glatfelter Corporation from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €256.85 Million | -19.23% |
| 2022-12-31 | €318.00 Million | -41.41% |
| 2021-12-31 | €542.76 Million | -6.09% |
| 2020-12-31 | €577.93 Million | +3.95% |
| 2019-12-31 | €555.96 Million | +3.17% |
| 2018-12-31 | €538.90 Million | -23.98% |
| 2017-12-31 | €708.93 Million | +8.43% |
| 2016-12-31 | €653.83 Million | -1.42% |
| 2015-12-31 | €663.25 Million | +2.18% |
| 2014-12-31 | €649.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Glatfelter Corporation'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 54.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €419.81 Million | 163.44% |
| Total Equity | €256.85 Million | 100.00% |
Glatfelter Corporation Competitors by Market Cap
The table below lists competitors of Glatfelter Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ambipar Emergency Response
NYSE MKT:AMBI
|
$5.74 Million |
|
Chukai Public Company Limited
BK:CRANE
|
$5.74 Million |
|
Placoplatre SA
PA:MLPLC
|
$5.75 Million |
|
PEZM Gold Inc
V:PEZM-H
|
$5.75 Million |
|
Carver Bancorp Inc
NASDAQ:CARV
|
$5.74 Million |
|
ZoomerMedia Limited
PINK:ZUMRF
|
$5.74 Million |
|
Intercontinental International Real Estate Investment Company
AT:INTERCO
|
$5.74 Million |
|
AdCapital AG
F:ADC
|
$5.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Glatfelter Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 318,004,000 to 256,854,000, a change of -61,150,000 (-19.2%).
- Net loss of 79,053,000 reduced equity.
- Other factors increased equity by 17,903,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-79.05 Million | -30.78% |
| Other Changes | €17.90 Million | +6.97% |
| Total Change | €- | -19.23% |
Book Value vs Market Value Analysis
This analysis compares Glatfelter Corporation'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: 3.57x
- 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 increased from 1.25x to 3.57x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €16.25 | €20.32 | x |
| 2018-12-31 | €12.26 | €20.32 | x |
| 2019-12-31 | €12.56 | €20.32 | x |
| 2020-12-31 | €13.03 | €20.32 | x |
| 2021-12-31 | €12.19 | €20.32 | x |
| 2022-12-31 | €7.10 | €20.32 | x |
| 2023-12-31 | €5.70 | €20.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Glatfelter Corporation 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): -30.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.71%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 6.09x
- Recent ROE (-30.78%) is below the historical average (-9.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.67% | 3.83% | 1.16x | 2.41x | €4.34 Million |
| 2015 | 9.74% | 3.87% | 1.11x | 2.26x | €-1.75 Million |
| 2016 | 3.30% | 1.34% | 1.06x | 2.33x | €-43.83 Million |
| 2017 | 1.12% | 0.50% | 0.92x | 2.44x | €-62.98 Million |
| 2018 | -32.96% | -20.50% | 0.65x | 2.49x | €-231.49 Million |
| 2019 | -3.87% | -2.32% | 0.72x | 2.31x | €-77.14 Million |
| 2020 | 3.69% | 2.32% | 0.71x | 2.23x | €-36.50 Million |
| 2021 | 1.28% | 0.64% | 0.58x | 3.46x | €-47.34 Million |
| 2022 | -61.07% | -13.02% | 0.91x | 5.18x | €-226.01 Million |
| 2023 | -30.78% | -5.71% | 0.89x | 6.09x | €-104.74 Million |
Industry Comparison
This section compares Glatfelter Corporation's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $79,668,078,466
- Average return on equity (ROE) among peers: 7.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glatfelter Corporation (GLN) | €206.70 Million | 10.67% | 6.36x | $5.74 Million |
| CPH Group AG (1L6) | $436.27 Million | 18.08% | 0.37x | $206.45 Million |
| Nippon Paper Industries Co. Ltd (9NI) | $510.43 Billion | 0.89% | 2.34x | $713.41 Million |
| KHD Humboldt Wedag Vermögensverwaltungs-AG (HETA) | $5.43 Million | 0.60% | 0.02x | $171.18K |
| PT Indah Kiat Pulp & Paper Tbk (IKP) | $5.61 Billion | 15.30% | 0.72x | $1.08 Billion |
| Lee and Man Paper Manufacturing Limited (LMP) | $28.61 Billion | 4.60% | 0.76x | $482.39 Million |
| Mitsubishi Paper Mills Limited (MPX) | $90.95 Billion | 4.58% | 1.59x | $98.98 Million |
| SEMAPA SGPS NAM. O.N. (SQQ1) | $1.21 Billion | 8.82% | 2.17x | $305.38 Million |
| Grigeo AB (WM8) | $97.85 Million | 10.76% | 0.46x | $55.05 Million |