Guardforce AI Co Ltd (GFAI) - Net Assets
Based on the latest financial reports, Guardforce AI Co Ltd (GFAI) has net assets worth $34.11 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($49.09 Million) and total liabilities ($14.99 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. Check Guardforce AI Co Ltd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $34.11 Million |
| % of Total Assets | 69.47% |
| Annual Growth Rate | 42.19% |
| 5-Year Change | 418.74% |
| 10-Year Change | N/A |
| Growth Volatility | 122.09 |
Guardforce AI Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Guardforce AI Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Guardforce AI Co Ltd stock valuation.
Annual Net Assets for Guardforce AI Co Ltd (2017–2025)
The table below shows the annual net assets of Guardforce AI Co Ltd from 2017 to 2025. Also explore GFAI year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $34.11 Million | +6.62% |
| 2024-12-31 | $31.99 Million | +27.18% |
| 2023-12-31 | $25.15 Million | +31.12% |
| 2022-12-31 | $19.18 Million | +191.75% |
| 2021-12-31 | $6.57 Million | +411.61% |
| 2020-12-31 | $-2.11 Million | -253.24% |
| 2019-12-31 | $1.38 Million | +12.63% |
| 2018-12-31 | $1.22 Million | -40.11% |
| 2017-12-31 | $2.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guardforce AI Co Ltd'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 6913799700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.92 Million | 8.56% |
| Other Comprehensive Income | $1.62 Million | 4.74% |
| Other Components | $100.47 Million | 294.18% |
| Total Equity | $34.15 Million | 100.00% |
Guardforce AI Co Ltd Competitors by Market Cap
The table below lists competitors of Guardforce AI Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Portage Biotech Inc
NASDAQ:PRTG
|
$10.71 Million |
|
Metalsgrove Mining Ltd
AU:MGA
|
$10.72 Million |
|
Alfa Energi Investama Tbk PT
JK:FIRE
|
$10.72 Million |
|
Chitose Internasional Tbk
JK:CINT
|
$10.72 Million |
|
Melbana Energy Ltd
AU:MAY
|
$10.70 Million |
|
5G Networks Ltd
AU:5GN
|
$10.70 Million |
|
G Capital Bhd
KLSE:7676
|
$10.70 Million |
|
Pan Malaysia Corporation Bhd
KLSE:4081
|
$10.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guardforce AI Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 32,049,827 to 34,153,560, a change of 2,103,733 (6.6%).
- Net loss of 6,657,185 reduced equity.
- New share issuances of 6,604,094 increased equity.
- Other comprehensive income increased equity by 806,024.
- Other factors increased equity by 1,350,800.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.66 Million | -19.49% |
| Share Issuances | $6.60 Million | +19.34% |
| Other Comprehensive Income | $806.02K | +2.36% |
| Other Changes | $1.35 Million | +3.96% |
| Total Change | $- | 6.56% |
Book Value vs Market Value Analysis
This analysis compares Guardforce AI Co Ltd'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: 0.22x
- 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 increased from 0.07x to 0.22x 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 | $4.57 | $0.34 | x |
| 2018-12-31 | $2.68 | $0.34 | x |
| 2019-12-31 | $3.02 | $0.34 | x |
| 2020-12-31 | $-15.05 | $0.34 | x |
| 2021-12-31 | $14.91 | $0.34 | x |
| 2022-12-31 | $15.52 | $0.34 | x |
| 2023-12-31 | $3.86 | $0.34 | x |
| 2024-12-31 | $2.87 | $0.34 | x |
| 2025-12-31 | $1.56 | $0.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guardforce AI Co Ltd 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): -19.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.89%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.44x
- Recent ROE (-19.49%) is above the historical average (-28.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 63.98% | 3.68% | 1.25x | 13.90x | $1.07 Million |
| 2018 | 6.34% | 0.20% | 1.21x | 26.60x | $-42.54K |
| 2019 | 4.12% | 0.14% | 0.97x | 30.32x | $-77.07K |
| 2020 | 0.00% | -8.30% | 1.04x | 0.00x | $-2.91 Million |
| 2021 | -83.89% | -15.59% | 0.84x | 6.44x | $-6.14 Million |
| 2022 | -96.47% | -54.66% | 0.55x | 3.19x | $-20.49 Million |
| 2023 | -117.20% | -81.51% | 0.79x | 1.82x | $-32.09 Million |
| 2024 | -18.30% | -16.75% | 0.78x | 1.39x | $-9.07 Million |
| 2025 | -19.49% | -18.89% | 0.72x | 1.44x | $-10.07 Million |
Industry Comparison
This section compares Guardforce AI Co Ltd's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $722,693,850
- Average return on equity (ROE) among peers: 10.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guardforce AI Co Ltd (GFAI) | $34.11 Million | 63.98% | 0.44x | $10.71 Million |
| ADT Inc (ADT) | $4.22 Billion | -14.42% | 3.07x | $4.82 Billion |
| Allegion PLC (ALLE) | $944.50 Million | 48.49% | 3.23x | $10.97 Billion |
| Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) | $-62.88 Million | 0.00% | 0.00x | $59.41 Million |
| Brinks Company (BCO) | $381.20 Million | 6.85% | 5.45x | $4.48 Billion |
| BIO-Key International Inc (BKYI) | $-3.90 Million | 0.00% | 0.00x | $2.89 Million |
| Brady Corporation (BRC) | $189.30 Million | 14.79% | 0.38x | $3.60 Billion |
| Concorde International Group Ltd Class A Ordinary Shares (CIGL) | $2.70 Million | 35.55% | 2.16x | $87.30 Million |
| CompX International Inc (CIX) | $111.00 Million | 7.84% | 0.18x | $286.76 Million |
| CoreCivic Inc (CXW) | $1.44 Billion | 10.74% | 1.01x | $3.40 Billion |
| Liberty Defense Holdings, Ltd. Common Shares (DETX) | $-2.53 Million | 0.00% | 0.00x | $12.67 Million |
About Guardforce AI Co Ltd
Guardforce AI Co., Limited engages in the provision of secured logistics services in the Asia Pacific. It operates through Secured Logistics and AI&Robotics Solution Business segments. The company offers cash-in-transit non-dedicated vehicle; cash-in transit dedicated vehicle; ATM management; cash processing; cash center operations; consolidate cash center operations; smart cash solutions; cheque… Read more