General de Galerias Comerciales SOCIMI S.A. (GGC) - Net Assets
Based on the latest financial reports, General de Galerias Comerciales SOCIMI S.A. (GGC) has net assets worth €634.77 Million EUR (≈ $742.11 Million USD) as of December 2022. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€825.79 Million ≈ $965.44 Million USD) and total liabilities (€191.02 Million ≈ $223.32 Million 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 GGC cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €634.77 Million |
| % of Total Assets | 76.87% |
| Annual Growth Rate | -1.1% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.42 |
General de Galerias Comerciales SOCIMI S.A. - Net Assets Trend (2018–2022)
This chart illustrates how General de Galerias Comerciales SOCIMI S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore GGC total assets for the complete picture of this company's asset base.
Annual Net Assets for General de Galerias Comerciales SOCIMI S.A. (2018–2022)
The table below shows the annual net assets of General de Galerias Comerciales SOCIMI S.A. from 2018 to 2022. For live valuation and market cap data, see market value of General de Galerias Comerciales SOCIMI S.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €634.77 Million ≈ $742.11 Million |
+1.29% |
| 2021-12-31 | €626.69 Million ≈ $732.66 Million |
-5.56% |
| 2018-12-31 | €663.58 Million ≈ $775.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to General de Galerias Comerciales SOCIMI S.A.'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 4.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €583.09 Million | 91.86% |
| Common Stock | €52.00 Million | 8.19% |
| Total Equity | €634.77 Million | 100.00% |
General de Galerias Comerciales SOCIMI S.A. Competitors by Market Cap
The table below lists competitors of General de Galerias Comerciales SOCIMI S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ASSECO POLAND GDR/1 ZY 1
F:SFBG
|
$3.61 Billion |
|
Sinotruk Jinan Truck Co Ltd
SHE:000951
|
$3.62 Billion |
|
Adaro Minerals Indonesia Tbk PT
JK:ADMR
|
$3.62 Billion |
|
Georg Fischer AG
SW:GF
|
$3.62 Billion |
|
Chongqing Brewery Co Ltd
SHG:600132
|
$3.61 Billion |
|
Shufersal
TA:SAE
|
$3.61 Billion |
|
Bumi Resources Tbk
JK:BUMI
|
$3.61 Billion |
|
Gibson Energy Inc.
TO:GEI
|
$3.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in General de Galerias Comerciales SOCIMI S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 626,688,210 to 634,770,660, a change of 8,082,450 (1.3%).
- Net income of 91,900,420 contributed positively to equity growth.
- Dividend payments of 83,720,000 reduced retained earnings.
- Share repurchases of 180 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €91.90 Million | +14.48% |
| Dividends Paid | €83.72 Million | -13.19% |
| Share Repurchases | €180.00 | -0.0% |
| Other Changes | €-97.79K | -0.02% |
| Total Change | €- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares General de Galerias Comerciales SOCIMI S.A.'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: 6.59x
- 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 6.31x to 6.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €25.52 | €161.00 | x |
| 2021-12-31 | €24.11 | €161.00 | x |
| 2022-12-31 | €24.42 | €161.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently General de Galerias Comerciales SOCIMI S.A. 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): 14.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 53.41%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.30x
- Recent ROE (14.48%) is below the historical average (15.58%), 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 | 16.67% | 69.49% | 0.19x | 1.25x | €41.82 Million |
| 2022 | 14.48% | 53.41% | 0.21x | 1.30x | €28.42 Million |
Industry Comparison
This section compares General de Galerias Comerciales SOCIMI S.A.'s net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $200,915,734
- Average return on equity (ROE) among peers: 0.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| General de Galerias Comerciales SOCIMI S.A. (GGC) | €634.77 Million | 16.67% | 0.30x | $3.61 Billion |
| Castellana Properties Socimi (YCPS) | $556.10 Million | 3.09% | 0.91x | $1.45 Billion |
| Olimpo Real Estate SA (YORE) | $176.88 Million | 5.69% | 0.99x | $188.72 Million |
| Serrano 61 Desarrollo SOCIMI SA (YSRR) | $55.09 Million | 1.57% | 0.70x | $98.65 Million |
| Tander Inversiones SOCIMI SA (YTAN) | $67.44 Million | 2.44% | 1.64x | $113.43 Million |
| Trajano Iberia Socimi SA (YTRA) | $137.24 Million | 3.23% | 1.15x | $4.68 Million |
| Trivium Real Estate Socimi SA (YTRI) | $212.74 Million | -10.59% | 1.13x | $203.53 Million |
About General de Galerias Comerciales SOCIMI S.A.
General de Galerías Comerciales Socimi, S.A. promotes, constructs, and manages various commercial complexes in Andalusia and Catalonia. The company is based in Madrid, Spain.