GTM Holdings Corp
GTM Holdings Corporation, together with its subsidiaries, engages in the real estate, textile, electronic, solar, and investment businesses in Taiwan. It operates in three segments: Textile, Electronic, and Real Estate. The company develops, sells, and leases office buildings, shopping malls, and logistics centers, as well as building construction and leasing of residential properties. It also en… Read more
GTM Holdings Corp (1437) - Net Assets
Latest net assets as of September 2025: NT$8.30 Billion TWD
Based on the latest financial reports, GTM Holdings Corp (1437) has net assets worth NT$8.30 Billion 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$13.71 Billion) and total liabilities (NT$5.41 Billion). 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$8.30 Billion |
| % of Total Assets | 60.52% |
| Annual Growth Rate | 6.54% |
| 5-Year Change | 29.99% |
| 10-Year Change | 77.05% |
| Growth Volatility | 13.25 |
GTM Holdings Corp - Net Assets Trend (2002–2024)
This chart illustrates how GTM Holdings 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 GTM Holdings Corp (2002–2024)
The table below shows the annual net assets of GTM Holdings Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.32 Billion | +8.87% |
| 2023-12-31 | NT$7.64 Billion | +7.47% |
| 2022-12-31 | NT$7.11 Billion | +4.64% |
| 2021-12-31 | NT$6.79 Billion | +6.17% |
| 2020-12-31 | NT$6.40 Billion | -1.83% |
| 2019-12-31 | NT$6.52 Billion | +12.46% |
| 2018-12-31 | NT$5.79 Billion | +7.39% |
| 2017-12-31 | NT$5.40 Billion | +6.73% |
| 2016-12-31 | NT$5.06 Billion | +7.63% |
| 2015-12-31 | NT$4.70 Billion | -0.58% |
| 2014-12-31 | NT$4.72 Billion | +5.10% |
| 2013-12-31 | NT$4.50 Billion | -10.11% |
| 2012-12-31 | NT$5.00 Billion | +39.50% |
| 2011-12-31 | NT$3.58 Billion | -4.93% |
| 2010-12-31 | NT$3.77 Billion | +8.04% |
| 2009-12-31 | NT$3.49 Billion | -0.32% |
| 2008-12-31 | NT$3.50 Billion | -5.57% |
| 2007-12-31 | NT$3.71 Billion | +13.81% |
| 2006-12-31 | NT$3.26 Billion | +36.08% |
| 2005-12-31 | NT$2.39 Billion | -12.11% |
| 2004-12-31 | NT$2.72 Billion | -0.58% |
| 2003-12-31 | NT$2.74 Billion | +32.85% |
| 2002-12-31 | NT$2.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GTM Holdings 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 grown by 524138300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.24 Billion | 63.04% |
| Common Stock | NT$2.03 Billion | 24.46% |
| Other Comprehensive Income | NT$683.85 Million | 8.22% |
| Other Components | NT$355.79 Million | 4.28% |
| Total Equity | NT$8.31 Billion | 100.00% |
GTM Holdings Corp Competitors by Market Cap
The table below lists competitors of GTM Holdings Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bahnhof AB Series B
ST:BAHN-B
|
$109.20 Million |
|
Superior Uniform Group Inc
NASDAQ:SGC
|
$109.21 Million |
|
FG Merger II Corp. Unit
NASDAQ:FGMCU
|
$109.24 Million |
|
ALEXANDRIA PANKKIIRILIIKE
F:3ZL
|
$109.29 Million |
|
CODERE ONLINE LUX. EO 1
F:J9T
|
$109.17 Million |
|
Venus Pipes & Tubes Limited
NSE:VENUSPIPES
|
$109.17 Million |
|
DNF Co.Ltd
KQ:092070
|
$109.14 Million |
|
Khgears International Limited
TW:4571
|
$109.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GTM Holdings Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,637,310,000 to 8,314,736,999, a change of 677,426,999 (8.9%).
- Net income of 661,327,000 contributed positively to equity growth.
- Dividend payments of 229,810,000 reduced retained earnings.
- Other comprehensive income increased equity by 221,818,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$661.33 Million | +7.95% |
| Dividends Paid | NT$229.81 Million | -2.76% |
| Other Comprehensive Income | NT$221.82 Million | +2.67% |
| Other Changes | NT$24.09 Million | +0.29% |
| Total Change | NT$- | 8.87% |
Book Value vs Market Value Analysis
This analysis compares GTM Holdings 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: 0.76x
- 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 decreased from 2.15x to 0.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$14.38 | NT$30.95 | x |
| 2005-12-31 | NT$11.66 | NT$30.95 | x |
| 2006-12-31 | NT$14.96 | NT$30.95 | x |
| 2007-12-31 | NT$17.02 | NT$30.95 | x |
| 2008-12-31 | NT$16.05 | NT$30.95 | x |
| 2009-12-31 | NT$16.00 | NT$30.95 | x |
| 2010-12-31 | NT$17.31 | NT$30.95 | x |
| 2011-12-31 | NT$16.61 | NT$30.95 | x |
| 2012-12-31 | NT$23.15 | NT$30.95 | x |
| 2013-12-31 | NT$20.85 | NT$30.95 | x |
| 2014-12-31 | NT$21.99 | NT$30.95 | x |
| 2015-12-31 | NT$22.29 | NT$30.95 | x |
| 2016-12-31 | NT$24.36 | NT$30.95 | x |
| 2017-12-31 | NT$26.24 | NT$30.95 | x |
| 2018-12-31 | NT$28.29 | NT$30.95 | x |
| 2019-12-31 | NT$31.72 | NT$30.95 | x |
| 2020-12-31 | NT$31.37 | NT$30.95 | x |
| 2021-12-31 | NT$33.28 | NT$30.95 | x |
| 2022-12-31 | NT$34.86 | NT$30.95 | x |
| 2023-12-31 | NT$37.45 | NT$30.95 | x |
| 2024-12-31 | NT$40.77 | NT$30.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GTM Holdings Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.95%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 78.19%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.65x
- Recent ROE (7.95%) is above the historical average (2.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.03% | 23.52% | 0.07x | 1.90x | NT$-143.70 Million |
| 2004 | 5.73% | 10.31% | 0.26x | 2.11x | NT$-114.98 Million |
| 2005 | -16.50% | -22.45% | 0.27x | 2.76x | NT$-620.49 Million |
| 2006 | 10.06% | 12.47% | 0.36x | 2.26x | NT$1.84 Million |
| 2007 | 5.74% | 7.34% | 0.38x | 2.06x | NT$-155.40 Million |
| 2008 | -7.33% | -9.56% | 0.38x | 2.02x | NT$-595.63 Million |
| 2009 | 1.33% | 1.93% | 0.36x | 1.94x | NT$-297.08 Million |
| 2010 | 4.30% | 5.96% | 0.29x | 2.46x | NT$-211.55 Million |
| 2011 | -3.57% | -6.29% | 0.23x | 2.49x | NT$-482.78 Million |
| 2012 | 0.32% | 0.99% | 0.16x | 2.04x | NT$-479.24 Million |
| 2013 | -12.97% | -42.78% | 0.14x | 2.11x | NT$-1.02 Billion |
| 2014 | 4.59% | 19.72% | 0.12x | 1.99x | NT$-253.57 Million |
| 2015 | 1.10% | 6.52% | 0.08x | 1.99x | NT$-415.29 Million |
| 2016 | 8.57% | 74.46% | 0.06x | 1.87x | NT$-72.09 Million |
| 2017 | 5.79% | 57.03% | 0.06x | 1.79x | NT$-226.32 Million |
| 2018 | 4.32% | 42.76% | 0.06x | 1.79x | NT$-327.54 Million |
| 2019 | 13.60% | 151.63% | 0.05x | 1.70x | NT$233.17 Million |
| 2020 | 5.59% | 59.12% | 0.05x | 1.76x | NT$-281.81 Million |
| 2021 | 6.75% | 65.66% | 0.06x | 1.76x | NT$-220.77 Million |
| 2022 | 5.73% | 50.82% | 0.06x | 1.77x | NT$-303.21 Million |
| 2023 | 7.51% | 66.44% | 0.07x | 1.69x | NT$-189.95 Million |
| 2024 | 7.95% | 78.19% | 0.06x | 1.65x | NT$-170.15 Million |
Industry Comparison
This section compares GTM Holdings Corp's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $3,527,036,556
- Average return on equity (ROE) among peers: 5.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GTM Holdings Corp (1437) | NT$8.30 Billion | 3.03% | 0.65x | $109.18 Million |
| Sun Yad Construction Co Ltd (1316) | $2.61 Billion | -3.93% | 1.72x | $118.24 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.29 Billion | 5.28% | 4.21x | $7.40 Million |
| Hiyes International Co Ltd (2348) | $1.11 Billion | 8.17% | 0.85x | $117.34 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.67 Billion | 10.73% | 0.91x | $52.37 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $7.39 Billion | 0.87% | 1.55x | $137.37 Million |
| Crowell Development Corp (2528) | $307.29 Million | 0.00% | 4.72x | $196.03 Million |
| JSL Construction & Development Co Ltd (2540) | $4.04 Billion | 6.45% | 1.48x | $370.33 Million |
| Wanhwa Enterprise Co (2701) | $3.23 Billion | 11.73% | 0.32x | $33.60 Million |
| First Hotel Co Ltd (2706) | $8.10 Billion | 6.19% | 0.15x | $50.43 Million |