Globe Industries Corp
Globe Industries Corporation engages in the manufacturing, processing, printing, and trading of various tapes worldwide. It offers PVC (vinyl) tapes, such as can sealing, embossed, electrical, floor marking, hazard warning, PVC duct, underground pipe wrapping, plastering, and wire harness tapes, as well as carbon footprint, aluminum foil, cellophane, cloth, double-sided, holding, kraft paper pack… Read more
Globe Industries Corp (1324) - Net Assets
Latest net assets as of September 2025: NT$894.10 Million TWD
Based on the latest financial reports, Globe Industries Corp (1324) has net assets worth NT$894.10 Million TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.11 Billion) and total liabilities (NT$220.64 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 | NT$894.10 Million |
| % of Total Assets | 80.21% |
| Annual Growth Rate | 0.42% |
| 5-Year Change | -0.51% |
| 10-Year Change | -2.12% |
| Growth Volatility | 3.39 |
Globe Industries Corp - Net Assets Trend (2002–2024)
This chart illustrates how Globe Industries Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Globe Industries Corp (2002–2024)
The table below shows the annual net assets of Globe Industries Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$967.29 Million | -0.39% |
| 2023-12-31 | NT$971.10 Million | +1.84% |
| 2022-12-31 | NT$953.59 Million | +0.48% |
| 2021-12-31 | NT$949.04 Million | -2.39% |
| 2020-12-31 | NT$972.29 Million | -0.12% |
| 2019-12-31 | NT$973.47 Million | -2.88% |
| 2018-12-31 | NT$1.00 Billion | -2.26% |
| 2017-12-31 | NT$1.03 Billion | +2.48% |
| 2016-12-31 | NT$1.00 Billion | +1.26% |
| 2015-12-31 | NT$988.27 Million | +2.98% |
| 2014-12-31 | NT$959.65 Million | -5.81% |
| 2013-12-31 | NT$1.02 Billion | +0.38% |
| 2012-12-31 | NT$1.01 Billion | -2.78% |
| 2011-12-31 | NT$1.04 Billion | +6.03% |
| 2010-12-31 | NT$984.55 Million | -0.67% |
| 2009-12-31 | NT$991.19 Million | +7.72% |
| 2008-12-31 | NT$920.15 Million | +6.16% |
| 2007-12-31 | NT$866.78 Million | -3.02% |
| 2006-12-31 | NT$893.77 Million | -1.87% |
| 2005-12-31 | NT$910.79 Million | +0.02% |
| 2004-12-31 | NT$910.60 Million | -1.74% |
| 2003-12-31 | NT$926.72 Million | +5.17% |
| 2002-12-31 | NT$881.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Globe Industries Corp'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 74.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$41.93 Million | 4.33% |
| Common Stock | NT$751.22 Million | 77.66% |
| Other Comprehensive Income | NT$-17.81 Million | -1.84% |
| Other Components | NT$191.95 Million | 19.84% |
| Total Equity | NT$967.29 Million | 100.00% |
Globe Industries Corp Competitors by Market Cap
The table below lists competitors of Globe Industries Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Electromagnetica SA
RO:ELMA
|
$11.67 Million |
|
Seneca Financial Corp
PINK:SNNF
|
$11.67 Million |
|
Anatolia Tani ve Biyoteknoloji Urunleri Arastirma Gelistirme Sanayi ve Ticaret
IS:ANGEN
|
$11.68 Million |
|
Arcure SA
PA:ALCUR
|
$11.68 Million |
|
Can One Bhd
KLSE:5105
|
$11.66 Million |
|
Betolar Oyj
HE:BETOLAR
|
$11.66 Million |
|
Y. T. Realty Group Limited
PINK:YTRGF
|
$11.66 Million |
|
Woori SPAC 3
KQ:198440
|
$11.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globe Industries Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 971,097,000 to 967,289,000, a change of -3,808,000 (-0.4%).
- Net income of 6,832,000 contributed positively to equity growth.
- Dividend payments of 15,024,000 reduced retained earnings.
- Other comprehensive income decreased equity by 177,138,000.
- Other factors increased equity by 181,522,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$6.83 Million | +0.71% |
| Dividends Paid | NT$15.02 Million | -1.55% |
| Other Comprehensive Income | NT$-177.14 Million | -18.31% |
| Other Changes | NT$181.52 Million | +18.77% |
| Total Change | NT$- | -0.39% |
Book Value vs Market Value Analysis
This analysis compares Globe Industries Corp'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: 0.81x
- 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 |
|---|---|---|---|
| 2009-12-31 | NT$13.19 | NT$10.40 | x |
| 2010-12-31 | NT$13.11 | NT$10.40 | x |
| 2011-12-31 | NT$13.90 | NT$10.40 | x |
| 2012-12-31 | NT$13.51 | NT$10.40 | x |
| 2013-12-31 | NT$13.54 | NT$10.40 | x |
| 2014-12-31 | NT$12.76 | NT$10.40 | x |
| 2015-12-31 | NT$13.12 | NT$10.40 | x |
| 2016-12-31 | NT$13.27 | NT$10.40 | x |
| 2017-12-31 | NT$13.61 | NT$10.40 | x |
| 2018-12-31 | NT$13.34 | NT$10.40 | x |
| 2019-12-31 | NT$12.95 | NT$10.40 | x |
| 2020-12-31 | NT$12.93 | NT$10.40 | x |
| 2021-12-31 | NT$12.62 | NT$10.40 | x |
| 2022-12-31 | NT$12.68 | NT$10.40 | x |
| 2023-12-31 | NT$12.91 | NT$10.40 | x |
| 2024-12-31 | NT$12.86 | NT$10.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Globe Industries Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.86%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.20x
- Recent ROE (0.71%) is below the historical average (3.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.17% | 3.47% | 0.83x | 1.44x | NT$-51.36 Million |
| 2003 | 3.21% | 2.69% | 0.87x | 1.37x | NT$-62.91 Million |
| 2004 | 3.04% | 2.45% | 0.86x | 1.44x | NT$-63.40 Million |
| 2005 | 4.03% | 3.13% | 0.87x | 1.49x | NT$-54.38 Million |
| 2008 | 3.96% | 2.70% | 1.13x | 1.29x | NT$-55.61 Million |
| 2009 | 8.15% | 6.15% | 0.95x | 1.39x | NT$-18.37 Million |
| 2010 | 6.13% | 4.25% | 1.06x | 1.36x | NT$-38.14 Million |
| 2011 | 6.86% | 4.58% | 1.19x | 1.26x | NT$-32.80 Million |
| 2012 | 3.70% | 2.75% | 1.03x | 1.30x | NT$-63.92 Million |
| 2013 | 4.27% | 2.92% | 1.08x | 1.35x | NT$-58.38 Million |
| 2014 | 4.49% | 2.97% | 1.10x | 1.37x | NT$-52.91 Million |
| 2015 | 5.85% | 4.54% | 0.98x | 1.32x | NT$-40.99 Million |
| 2016 | 6.49% | 5.25% | 0.92x | 1.34x | NT$-35.12 Million |
| 2017 | 5.88% | 4.91% | 0.88x | 1.36x | NT$-42.26 Million |
| 2018 | 0.12% | 0.11% | 0.87x | 1.30x | NT$-99.04 Million |
| 2019 | 0.33% | 0.28% | 0.93x | 1.26x | NT$-94.15 Million |
| 2020 | 1.68% | 1.55% | 0.85x | 1.28x | NT$-80.87 Million |
| 2021 | 0.07% | 0.06% | 0.86x | 1.31x | NT$-94.27 Million |
| 2022 | 0.50% | 0.49% | 0.84x | 1.23x | NT$-90.56 Million |
| 2023 | 4.06% | 4.28% | 0.76x | 1.25x | NT$-57.65 Million |
| 2024 | 0.71% | 0.86% | 0.68x | 1.20x | NT$-89.90 Million |
Industry Comparison
This section compares Globe Industries Corp's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $1,888,602,222
- Average return on equity (ROE) among peers: 5.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globe Industries Corp (1324) | NT$894.10 Million | 4.17% | 0.25x | $11.67 Million |
| Mercuries Data Systems Ltd (2427) | $2.94 Billion | 5.48% | 0.93x | $71.48 Million |
| Huxen Corp (2433) | $3.98 Billion | 10.81% | 0.84x | $43.15 Million |
| Uniform Industrial Corp (2482) | $764.80 Million | 3.13% | 0.54x | $26.43 Million |
| Gold Rain Enterprises (4503) | $1.51 Billion | -5.21% | 0.13x | $52.10 Million |
| Castles Technology Co Ltd (5258) | $1.55 Billion | 3.82% | 1.09x | $120.34 Million |
| TECO Image Systems Co Ltd (5438) | $2.53 Billion | 0.28% | 0.25x | $17.18 Million |
| XAC Automation (5490) | $1.62 Billion | 21.43% | 0.27x | $68.78 Million |
| General Plastic Industrial Co Ltd (6128) | $1.34 Billion | 18.81% | 0.23x | $43.02 Million |
| Cipherlab Co Ltd (6160) | $751.29 Million | -8.27% | 0.50x | $23.95 Million |