GAM Holding AG
GAM Holding AG is a publicly owned asset management holding company. The firm provides its services to institutions, financial intermediaries and private investors. Through its subsidiaries, the firm manages separate client focused equity and fixed income portfolios. Through its subsidiaries, it also launches and manages equity, fixed income, and balanced mutual funds. Through its subsidiaries, t… Read more
GAM Holding AG (GMHLF) - Net Assets
Latest net assets as of June 2025: $69.00 Million USD
Based on the latest financial reports, GAM Holding AG (GMHLF) has net assets worth $69.00 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($138.90 Million) and total liabilities ($69.90 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 | $69.00 Million |
| % of Total Assets | 49.68% |
| Annual Growth Rate | -22.56% |
| 5-Year Change | -76.79% |
| 10-Year Change | -94.14% |
| Growth Volatility | 31.22 |
GAM Holding AG - Net Assets Trend (2008–2024)
This chart illustrates how GAM Holding AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GAM Holding AG (2008–2024)
The table below shows the annual net assets of GAM Holding AG from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $110.00 Million | +54.93% |
| 2023-12-31 | $71.00 Million | -52.86% |
| 2022-12-31 | $150.60 Million | -68.53% |
| 2021-12-31 | $478.50 Million | +0.97% |
| 2020-12-31 | $473.90 Million | -45.84% |
| 2019-12-31 | $875.00 Million | +4.27% |
| 2018-12-31 | $839.20 Million | -55.42% |
| 2017-12-31 | $1.88 Billion | +2.09% |
| 2016-12-31 | $1.84 Billion | -1.73% |
| 2015-12-31 | $1.88 Billion | -2.06% |
| 2014-12-31 | $1.92 Billion | -0.20% |
| 2013-12-31 | $1.92 Billion | -1.72% |
| 2012-12-31 | $1.95 Billion | -6.96% |
| 2011-12-31 | $2.10 Billion | -14.37% |
| 2010-12-31 | $2.45 Billion | -6.40% |
| 2009-12-31 | $2.62 Billion | -60.15% |
| 2008-12-31 | $6.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GAM Holding AG'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 156.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $53.30 Million | 48.45% |
| Other Comprehensive Income | $-141.50 Million | -128.64% |
| Other Components | $945.40 Million | 859.45% |
| Total Equity | $110.00 Million | 100.00% |
GAM Holding AG Competitors by Market Cap
The table below lists competitors of GAM Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Formul Plastik ve Metal Sanayi
IS:FRMPL
|
$20.98 Million |
|
Bokwang Industry Co Ltd
KQ:225530
|
$20.98 Million |
|
Daesung Private Equity Inc
KQ:027830
|
$20.98 Million |
|
Fks Multi Agro Tbk
JK:FISH
|
$20.98 Million |
|
Wintec Co. Ltd
KQ:320000
|
$20.97 Million |
|
P&H Tech Co. Ltd.
KQ:239890
|
$20.96 Million |
|
Enogia SAS
PA:ALENO
|
$20.95 Million |
|
Munjal Auto Industries Limited
NSE:MUNJALAU
|
$20.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GAM Holding AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 71,000,000 to 110,000,000, a change of 39,000,000 (54.9%).
- Net loss of 70,900,000 reduced equity.
- Share repurchases of 1,300,000 reduced equity.
- New share issuances of 29,100,000 increased equity.
- Other comprehensive income increased equity by 4,600,000.
- Other factors increased equity by 77,500,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-70.90 Million | -64.45% |
| Share Repurchases | $1.30 Million | -1.18% |
| Share Issuances | $29.10 Million | +26.45% |
| Other Comprehensive Income | $4.60 Million | +4.18% |
| Other Changes | $77.50 Million | +70.45% |
| Total Change | $- | 54.93% |
Book Value vs Market Value Analysis
This analysis compares GAM Holding AG'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: 0.13x
- 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 0.01x to 0.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $14.95 | $0.09 | x |
| 2005-12-31 | $54.78 | $0.09 | x |
| 2006-12-31 | $40.92 | $0.09 | x |
| 2007-12-31 | $28.94 | $0.09 | x |
| 2008-12-31 | $31.70 | $0.09 | x |
| 2009-12-31 | $12.68 | $0.09 | x |
| 2010-12-31 | $12.41 | $0.09 | x |
| 2011-12-31 | $11.47 | $0.09 | x |
| 2012-12-31 | $11.40 | $0.09 | x |
| 2013-12-31 | $11.53 | $0.09 | x |
| 2014-12-31 | $11.70 | $0.09 | x |
| 2015-12-31 | $11.67 | $0.09 | x |
| 2016-12-31 | $11.69 | $0.09 | x |
| 2017-12-31 | $11.86 | $0.09 | x |
| 2018-12-31 | $5.40 | $0.09 | x |
| 2019-12-31 | $5.63 | $0.09 | x |
| 2020-12-31 | $3.03 | $0.09 | x |
| 2021-12-31 | $3.07 | $0.09 | x |
| 2022-12-31 | $0.96 | $0.09 | x |
| 2023-12-31 | $0.45 | $0.09 | x |
| 2024-12-31 | $0.70 | $0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GAM Holding AG 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): -64.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -49.48%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.57x
- Recent ROE (-64.45%) is below the historical average (-16.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 13.81% | 20.63% | 0.66x | 1.01x | $58.01 Million |
| 2005 | 2.35% | 10.00% | 0.24x | 1.00x | $-474.57 Million |
| 2006 | 9.80% | 23.70% | 0.41x | 1.00x | $-13.97 Million |
| 2007 | 14.62% | 27.27% | 0.54x | 1.00x | $296.93 Million |
| 2008 | 10.07% | 22.51% | 0.06x | 7.04x | $4.37 Million |
| 2009 | 138.86% | 706.49% | 0.16x | 1.21x | $3.38 Billion |
| 2010 | 0.42% | 1.49% | 0.24x | 1.18x | $-234.97 Million |
| 2011 | -4.52% | -15.87% | 0.25x | 1.16x | $-304.95 Million |
| 2012 | 4.44% | 8.29% | 0.46x | 1.18x | $-108.43 Million |
| 2013 | 10.28% | 17.14% | 0.49x | 1.22x | $5.33 Million |
| 2014 | 8.67% | 15.34% | 0.46x | 1.24x | $-25.42 Million |
| 2015 | 7.37% | 12.81% | 0.47x | 1.22x | $-49.34 Million |
| 2016 | 7.28% | 14.79% | 0.38x | 1.29x | $-50.10 Million |
| 2017 | 6.54% | 11.29% | 0.45x | 1.30x | $-65.06 Million |
| 2018 | -110.71% | -87.38% | 0.85x | 1.50x | $-1.01 Billion |
| 2019 | -0.40% | -0.41% | 0.64x | 1.53x | $-91.00 Million |
| 2020 | -81.96% | -56.52% | 0.84x | 1.73x | $-435.79 Million |
| 2021 | -4.87% | -10.29% | 0.30x | 1.58x | $-71.15 Million |
| 2022 | -192.56% | -175.33% | 0.47x | 2.34x | $-305.06 Million |
| 2023 | -115.63% | -62.96% | 0.53x | 3.47x | $-89.20 Million |
| 2024 | -64.45% | -49.48% | 0.83x | 1.57x | $-81.90 Million |
Industry Comparison
This section compares GAM Holding AG's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GAM Holding AG (GMHLF) | $69.00 Million | 13.81% | 1.01x | $20.97 Million |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |