GAM Holding AG (GAM) - Net Assets

Latest as of June 2025: CHF69.00 Million CHF

Based on the latest financial reports, GAM Holding AG (GAM) has net assets worth CHF69.00 Million CHF as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF138.90 Million) and total liabilities (CHF69.90 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	CHF69.00 Million
% of Total Assets	49.68%
Annual Growth Rate	-22.56%
5-Year Change	-76.79%
10-Year Change	-94.14%
Growth Volatility	35.34

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	CHF110.00 Million	+78.57%
2023-12-31	CHF61.60 Million	-59.10%
2022-12-31	CHF150.60 Million	-68.53%
2021-12-31	CHF478.50 Million	+0.97%
2020-12-31	CHF473.90 Million	-45.84%
2019-12-31	CHF875.00 Million	+4.27%
2018-12-31	CHF839.20 Million	-55.42%
2017-12-31	CHF1.88 Billion	+2.09%
2016-12-31	CHF1.84 Billion	-1.73%
2015-12-31	CHF1.88 Billion	-2.06%
2014-12-31	CHF1.92 Billion	-0.20%
2013-12-31	CHF1.92 Billion	-1.72%
2012-12-31	CHF1.95 Billion	-6.96%
2011-12-31	CHF2.10 Billion	-14.37%
2010-12-31	CHF2.45 Billion	-6.40%
2009-12-31	CHF2.62 Billion	-60.15%
2008-12-31	CHF6.57 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	CHF53.30 Million	48.45%
Other Comprehensive Income	CHF-141.50 Million	-128.64%
Other Components	CHF945.40 Million	859.45%
Total Equity	CHF110.00 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
Power Root Bhd KLSE:7237	$122.91 Million
Waldencast Acquisition Corp NASDAQ:WALD	$122.97 Million
Cardiff Oncology Inc NASDAQ:CRDF	$123.06 Million
Maple Gold Mines Ltd V:MGM	$123.10 Million
Roto Pumps Limited NSE:ROTO	$122.79 Million
iCatch Technology Inc. TW:6695	$122.78 Million
Estika Tata Tiara Tbk PT JK:BEEF	$122.76 Million
Bridger Aerospace Group Holdings, Inc. Common Stock NASDAQ:BAER	$122.75 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 61,600,000 to 110,000,000, a change of 48,400,000 (78.6%).
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 86,900,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CHF-70.90 Million	-64.45%
Share Repurchases	CHF1.30 Million	-1.18%
Share Issuances	CHF29.10 Million	+26.45%
Other Comprehensive Income	CHF4.60 Million	+4.18%
Other Changes	CHF86.90 Million	+79.0%
Total Change	CHF-	78.57%

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	CHF14.95	CHF0.09	x
2005-12-31	CHF54.78	CHF0.09	x
2006-12-31	CHF40.92	CHF0.09	x
2007-12-31	CHF28.94	CHF0.09	x
2008-12-31	CHF31.70	CHF0.09	x
2009-12-31	CHF12.68	CHF0.09	x
2010-12-31	CHF12.41	CHF0.09	x
2011-12-31	CHF11.47	CHF0.09	x
2012-12-31	CHF11.40	CHF0.09	x
2013-12-31	CHF11.53	CHF0.09	x
2014-12-31	CHF11.70	CHF0.09	x
2015-12-31	CHF11.67	CHF0.09	x
2016-12-31	CHF11.69	CHF0.09	x
2017-12-31	CHF11.86	CHF0.09	x
2018-12-31	CHF5.40	CHF0.09	x
2019-12-31	CHF5.63	CHF0.09	x
2020-12-31	CHF3.03	CHF0.09	x
2021-12-31	CHF3.07	CHF0.09	x
2022-12-31	CHF0.96	CHF0.09	x
2023-12-31	CHF0.39	CHF0.09	x
2024-12-31	CHF0.70	CHF0.09	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 (-17.06%), 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	CHF58.01 Million
2005	2.35%	10.00%	0.24x	1.00x	CHF-474.57 Million
2006	9.80%	23.70%	0.41x	1.00x	CHF-13.97 Million
2007	14.62%	27.27%	0.54x	1.00x	CHF296.93 Million
2008	10.07%	22.51%	0.06x	7.04x	CHF4.37 Million
2009	138.86%	706.49%	0.16x	1.21x	CHF3.38 Billion
2010	0.42%	1.49%	0.24x	1.18x	CHF-234.97 Million
2011	-4.52%	-15.87%	0.25x	1.16x	CHF-304.95 Million
2012	4.44%	8.29%	0.46x	1.18x	CHF-108.43 Million
2013	10.28%	17.14%	0.49x	1.22x	CHF5.33 Million
2014	8.67%	15.34%	0.46x	1.24x	CHF-25.42 Million
2015	7.37%	12.81%	0.47x	1.22x	CHF-49.34 Million
2016	7.28%	14.79%	0.38x	1.29x	CHF-50.10 Million
2017	6.54%	11.29%	0.45x	1.30x	CHF-65.06 Million
2018	-110.71%	-87.38%	0.85x	1.50x	CHF-1.01 Billion
2019	-0.40%	-0.41%	0.64x	1.53x	CHF-91.00 Million
2020	-81.96%	-56.52%	0.84x	1.73x	CHF-435.79 Million
2021	-4.87%	-3.42%	0.90x	1.58x	CHF-71.15 Million
2022	-192.56%	-62.58%	1.31x	2.34x	CHF-305.06 Million
2023	-133.28%	-23.91%	1.29x	4.32x	CHF-88.26 Million
2024	-64.45%	-49.48%	0.83x	1.57x	CHF-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: $1,133,863,704
Average return on equity (ROE) among peers: 8.89%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
GAM Holding AG (GAM)	CHF69.00 Million	13.81%	1.01x	$122.80 Million
Alpine Select AG (ALPN)	$92.13 Million	15.07%	0.02x	$76.22 Million
Julius Baer Gruppe AG (BAER)	$4.19 Billion	9.29%	9.19x	$12.36 Billion
Bellevue Group AG (BBN)	$440.36 Million	-0.15%	0.05x	$146.32 Million
HBM Healthcare Investments (HBMN)	$1.65 Billion	1.13%	0.06x	$1.32 Billion
Leonteq AG (LEON)	$158.06 Million	24.57%	29.16x	$273.70 Million
Nebag ag (NBEN)	$91.59 Million	11.26%	0.01x	$55.67 Million
Private Equity Holding AG (PEHN)	$636.30 Million	-28.41%	0.28x	$149.33 Million
Partners Group Holding AG (PGHN)	$856.82 Million	37.00%	0.24x	$24.50 Billion
Vontobel Holding (VONN)	$2.09 Billion	10.26%	12.93x	$3.80 Billion

About GAM Holding AG

SW:GAM Switzerland Asset Management

Market Cap

$122.80 Million

CHF97.13 Million CHF

Market Cap Rank

#20035 Global

#172 in Switzerland

Share Price

CHF0.09

Change (1 day)

+6.38%

52-Week Range

CHF0.08 - CHF0.20

All Time High

CHF11.54