Glorious Sun Enterprises Limited
Glorious Sun Enterprises Limited operates in Diversified Metals & Mining.
Glorious Sun Enterprises Limited (GLV) - Net Assets
Latest net assets as of December 2023: €2.38 Billion EUR
Based on the latest financial reports, Glorious Sun Enterprises Limited (GLV) has net assets worth €2.38 Billion EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.05 Billion) and total liabilities (€675.19 Million). 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 | €2.38 Billion |
| % of Total Assets | 77.88% |
| Annual Growth Rate | -0.52% |
| 5-Year Change | -6.12% |
| 10-Year Change | N/A |
| Growth Volatility | 3.08 |
Glorious Sun Enterprises Limited - Net Assets Trend (2016–2023)
This chart illustrates how Glorious Sun Enterprises Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Glorious Sun Enterprises Limited (2016–2023)
The table below shows the annual net assets of Glorious Sun Enterprises Limited from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €2.38 Billion | -2.15% |
| 2022-12-31 | €2.43 Billion | -2.44% |
| 2021-12-31 | €2.49 Billion | -4.25% |
| 2020-12-31 | €2.60 Billion | +2.70% |
| 2019-12-31 | €2.53 Billion | +2.56% |
| 2018-12-31 | €2.47 Billion | -3.43% |
| 2017-12-31 | €2.56 Billion | +3.73% |
| 2016-12-31 | €2.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Glorious Sun Enterprises Limited'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 8.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.47 Billion | 61.80% |
| Other Components | €907.93 Million | 38.20% |
| Total Equity | €2.38 Billion | 100.00% |
Glorious Sun Enterprises Limited Competitors by Market Cap
The table below lists competitors of Glorious Sun Enterprises Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prudential Sugar Corporation Ltd.
NSE:PRUDMOULI
|
$1.38K |
|
SAMEER AFRICA LTD
XNAI:SAMEER
|
$1.38K |
|
Nodechain Inc
PINK:NODC
|
$1.38K |
|
Suez Cement
EGX:SUCE
|
$1.38K |
|
Windforce Ltd
CM:WINDN0000
|
$1.38K |
|
AE Fuels Corporation
V:AEF
|
$1.38K |
|
HOCK LIAN SENG HL
BE:HKF
|
$1.38K |
|
Ramboda Falls PLC
CM:RFLN0000
|
$1.38K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Glorious Sun Enterprises Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,428,821,000 to 2,376,529,000, a change of -52,292,000 (-2.2%).
- Net income of 43,610,000 contributed positively to equity growth.
- Dividend payments of 89,092,000 reduced retained earnings.
- Share repurchases of 8,348,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €43.61 Million | +1.84% |
| Dividends Paid | €89.09 Million | -3.75% |
| Share Repurchases | €8.35 Million | -0.35% |
| Other Changes | €1.54 Million | +0.06% |
| Total Change | €- | -2.15% |
Book Value vs Market Value Analysis
This analysis compares Glorious Sun Enterprises Limited'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: 0.09x
- 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 | €1.66 | €0.14 | x |
| 2018-12-31 | €1.60 | €0.14 | x |
| 2019-12-31 | €1.65 | €0.14 | x |
| 2020-12-31 | €1.69 | €0.14 | x |
| 2021-12-31 | €1.61 | €0.14 | x |
| 2022-12-31 | €1.59 | €0.14 | x |
| 2023-12-31 | €1.57 | €0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Glorious Sun Enterprises Limited 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): 1.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.31%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.28x
- Recent ROE (1.84%) is below the historical average (3.04%), 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 | 3.60% | 2.73% | 0.79x | 1.67x | €-157.16 Million |
| 2017 | 3.48% | 3.40% | 0.55x | 1.85x | €-165.80 Million |
| 2018 | 4.39% | 8.45% | 0.38x | 1.37x | €-137.40 Million |
| 2019 | 4.39% | 9.11% | 0.40x | 1.20x | €-141.13 Million |
| 2020 | 3.49% | 12.72% | 0.22x | 1.22x | €-167.82 Million |
| 2021 | 1.50% | 3.71% | 0.30x | 1.34x | €-209.69 Million |
| 2022 | 1.62% | 3.70% | 0.34x | 1.28x | €-203.65 Million |
| 2023 | 1.84% | 5.31% | 0.27x | 1.28x | €-194.04 Million |
Industry Comparison
This section compares Glorious Sun Enterprises Limited's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glorious Sun Enterprises Limited (GLV) | €2.38 Billion | 3.60% | 0.28x | $1.38K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |