Grand City Properties SA (GYC) - Net Assets
Based on the latest financial reports, Grand City Properties SA (GYC) has net assets worth €5.73 Billion EUR (≈ $6.69 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€11.24 Billion ≈ $13.14 Billion USD) and total liabilities (€5.51 Billion ≈ $6.44 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. Also explore total assets of Grand City Properties SA for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.73 Billion |
| % of Total Assets | 50.95% |
| Annual Growth Rate | 19.43% |
| 5-Year Change | -2.53% |
| 10-Year Change | 149.24% |
| Growth Volatility | 31.01 |
Grand City Properties SA - Net Assets Trend (2013–2024)
This chart illustrates how Grand City Properties SA's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Grand City Properties SA stock valuation.
Annual Net Assets for Grand City Properties SA (2013–2024)
The table below shows the annual net assets of Grand City Properties SA from 2013 to 2024. Explore GYC cash flow metrics to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €5.41 Billion ≈ $6.33 Billion |
+3.52% |
| 2023-12-31 | €5.23 Billion ≈ $6.11 Billion |
-11.57% |
| 2022-12-31 | €5.91 Billion ≈ $6.91 Billion |
+1.92% |
| 2021-12-31 | €5.80 Billion ≈ $6.78 Billion |
+4.46% |
| 2020-12-31 | €5.55 Billion ≈ $6.49 Billion |
+11.85% |
| 2019-12-31 | €4.97 Billion ≈ $5.81 Billion |
+6.42% |
| 2018-12-31 | €4.67 Billion ≈ $5.46 Billion |
+21.23% |
| 2017-12-31 | €3.85 Billion ≈ $4.50 Billion |
+25.60% |
| 2016-12-31 | €3.07 Billion ≈ $3.58 Billion |
+41.10% |
| 2015-12-31 | €2.17 Billion ≈ $2.54 Billion |
+108.54% |
| 2014-12-31 | €1.04 Billion ≈ $1.22 Billion |
+35.64% |
| 2013-12-31 | €767.92 Million ≈ $897.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Grand City Properties SA'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 820.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.44 Billion | 70.11% |
| Other Components | €1.47 Billion | 29.89% |
| Total Equity | €4.91 Billion | 100.00% |
Grand City Properties SA Competitors by Market Cap
The table below lists competitors of Grand City Properties SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OY Nofar Energy Ltd
TA:NOFR
|
$1.91 Billion |
|
Agilysys Inc
NASDAQ:AGYS
|
$1.91 Billion |
|
Hainan Haide Industry Co Ltd
SHE:000567
|
$1.91 Billion |
|
Tibet Rhodiola Pharmaceutical Holding Co
SHG:600211
|
$1.91 Billion |
|
Tecnoglass Inc
NYSE:TGLS
|
$1.90 Billion |
|
Shaanxi Yanchang Petroleum Chemical Engineering Co Ltd
SHG:600248
|
$1.90 Billion |
|
Tibet Cheezheng Tibetan Medicine Co Ltd
SHE:002287
|
$1.90 Billion |
|
Innospec Inc
NASDAQ:IOSP
|
$1.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grand City Properties SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,714,320,000 to 4,912,645,000, a change of 198,325,000 (4.2%).
- Net income of 238,988,000 contributed positively to equity growth.
- New share issuances of 43,475,000 increased equity.
- Other factors decreased equity by 84,138,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €238.99 Million | +4.86% |
| Share Issuances | €43.48 Million | +0.88% |
| Other Changes | €-84.14 Million | -1.71% |
| Total Change | €- | 4.21% |
Book Value vs Market Value Analysis
This analysis compares Grand City Properties SA'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: 0.34x
- 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 0.45x to 0.34x 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 | €21.15 | €9.59 | x |
| 2018-12-31 | €25.54 | €9.59 | x |
| 2019-12-31 | €26.94 | €9.59 | x |
| 2020-12-31 | €29.21 | €9.59 | x |
| 2021-12-31 | €31.45 | €9.59 | x |
| 2022-12-31 | €30.46 | €9.59 | x |
| 2023-12-31 | €27.35 | €9.59 | x |
| 2024-12-31 | €28.50 | €9.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grand City Properties SA 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): 4.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 56.54%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 2.28x
- Recent ROE (4.86%) is below the historical average (12.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 32.10% | 133.02% | 0.10x | 2.34x | €155.78 Million |
| 2014 | 21.62% | 88.76% | 0.09x | 2.76x | €110.48 Million |
| 2015 | 17.66% | 107.48% | 0.07x | 2.31x | €155.45 Million |
| 2016 | 19.70% | 127.66% | 0.07x | 2.15x | €278.25 Million |
| 2017 | 16.03% | 112.47% | 0.07x | 2.15x | €210.30 Million |
| 2018 | 12.19% | 95.17% | 0.06x | 2.08x | €93.14 Million |
| 2019 | 9.73% | 78.52% | 0.06x | 2.18x | €-12.32 Million |
| 2020 | 7.87% | 106.07% | 0.03x | 2.16x | €-106.93 Million |
| 2021 | 10.57% | 146.46% | 0.03x | 2.23x | €29.79 Million |
| 2022 | 2.93% | 38.88% | 0.04x | 2.12x | €-370.89 Million |
| 2023 | -10.90% | -124.92% | 0.04x | 2.32x | €-985.24 Million |
| 2024 | 4.86% | 56.54% | 0.04x | 2.28x | €-252.28 Million |
Industry Comparison
This section compares Grand City Properties SA's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $10,212,518,352
- Average return on equity (ROE) among peers: -9.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grand City Properties SA (GYC) | €5.73 Billion | 32.10% | 0.96x | $1.91 Billion |
| Grainger PLC (1U4) | $2.04 Billion | 9.93% | 0.85x | $1.47 Billion |
| RomReal Limited (3RR) | $18.04 Million | -12.27% | 0.66x | $9.62 Million |
| Red Star Macalline Group Corporation Ltd (3S5) | $51.10 Billion | 3.39% | 1.57x | $131.73 Million |
| SOHO China Limited (45S) | $40.46 Billion | 10.08% | 0.90x | $258.70 Million |
| SHIMAO SERV.HLDGS HD-01 (5GO) | $8.04 Billion | -3.39% | 0.62x | $154.26 Million |
| LETUS CAPITAL ZY 1 (7I4) | $2.84 Million | -120.18% | 0.19x | $16.74 Million |
| NEW ZEALAND RURAL (8UK) | $223.09 Million | 4.87% | 0.66x | $67.81 Million |
| GROUPIMO S.A. INH. EO 1- (9KL0) | $2.20 Million | -16.87% | 0.63x | $212.14K |
| Accentro Real Estate AG (A4Y) | $136.84 Million | 19.21% | 1.20x | $654.75 |
| Hasen-Immobilien AG (ABHA) | $105.52 Million | 7.46% | 1.06x | $87.20 Million |
About Grand City Properties SA
Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. It invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other major urban centers, such as Nuremb… Read more