GTM Holdings Corp (1437) - Net Assets
Based on the latest financial reports, GTM Holdings Corp (1437) has net assets worth NT$8.27 Billion TWD (≈ $260.44 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$13.70 Billion ≈ $431.51 Million USD) and total liabilities (NT$5.43 Billion ≈ $171.07 Million USD). 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 how tangible is GTM Holdings Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.27 Billion |
| % of Total Assets | 60.36% |
| Annual Growth Rate | 6.22% |
| 5-Year Change | 21.7% |
| 10-Year Change | 63.52% |
| Growth Volatility | 13.06 |
GTM Holdings Corp - Net Assets Trend (2002–2025)
This chart illustrates how GTM Holdings Corp's net assets have evolved over time, based on quarterly financial data. See how many days can GTM Holdings Corp fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GTM Holdings Corp (2002–2025)
The table below shows the annual net assets of GTM Holdings Corp from 2002 to 2025. For live valuation and market cap data, see 1437 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$8.27 Billion ≈ $260.44 Million |
-0.60% |
| 2024-12-31 | NT$8.32 Billion ≈ $262.00 Million |
+8.87% |
| 2023-12-31 | NT$7.64 Billion ≈ $240.65 Million |
+7.47% |
| 2022-12-31 | NT$7.11 Billion ≈ $223.93 Million |
+4.64% |
| 2021-12-31 | NT$6.79 Billion ≈ $214.00 Million |
+6.17% |
| 2020-12-31 | NT$6.40 Billion ≈ $201.56 Million |
-1.83% |
| 2019-12-31 | NT$6.52 Billion ≈ $205.31 Million |
+12.46% |
| 2018-12-31 | NT$5.79 Billion ≈ $182.56 Million |
+7.39% |
| 2017-12-31 | NT$5.40 Billion ≈ $170.00 Million |
+6.73% |
| 2016-12-31 | NT$5.06 Billion ≈ $159.27 Million |
+7.63% |
| 2015-12-31 | NT$4.70 Billion ≈ $147.99 Million |
-0.58% |
| 2014-12-31 | NT$4.72 Billion ≈ $148.84 Million |
+5.10% |
| 2013-12-31 | NT$4.50 Billion ≈ $141.62 Million |
-10.11% |
| 2012-12-31 | NT$5.00 Billion ≈ $157.55 Million |
+39.50% |
| 2011-12-31 | NT$3.58 Billion ≈ $112.94 Million |
-4.93% |
| 2010-12-31 | NT$3.77 Billion ≈ $118.79 Million |
+8.04% |
| 2009-12-31 | NT$3.49 Billion ≈ $109.95 Million |
-0.32% |
| 2008-12-31 | NT$3.50 Billion ≈ $110.31 Million |
-5.57% |
| 2007-12-31 | NT$3.71 Billion ≈ $116.81 Million |
+13.81% |
| 2006-12-31 | NT$3.26 Billion ≈ $102.63 Million |
+36.08% |
| 2005-12-31 | NT$2.39 Billion ≈ $75.42 Million |
-12.11% |
| 2004-12-31 | NT$2.72 Billion ≈ $85.82 Million |
-0.58% |
| 2003-12-31 | NT$2.74 Billion ≈ $86.32 Million |
+32.85% |
| 2002-12-31 | NT$2.06 Billion ≈ $64.97 Million |
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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 245426200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.45 Billion | 29.70% |
| Common Stock | NT$2.03 Billion | 24.61% |
| Other Components | NT$3.78 Billion | 45.70% |
| Total Equity | NT$8.26 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 |
|---|---|
|
CVW CleanTech Inc
V:CVW
|
$187.97 Million |
|
SOL-GEL TECHN. IS-10
F:4SG
|
$188.23 Million |
|
Unicycive Therapeutics Inc
NASDAQ:UNCY
|
$188.24 Million |
|
Gulf Island Fabrication Inc
NASDAQ:GIFI
|
$188.30 Million |
|
Hoegh LNG Partners LP
OL:HLNG
|
$187.76 Million |
|
Lemtech Holdings Co Ltd
TW:4912
|
$187.71 Million |
|
Churchill Capital Corp X Class A Ordinary Shares
NYSE:CCCX
|
$187.65 Million |
|
DCW Limited
NSE:DCW
|
$187.60 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 2024 to 2025, total equity changed from 8,314,736,999 to 8,264,719,000, a change of -50,017,999 (-0.6%).
- Net income of 489,750,000 contributed positively to equity growth.
- Dividend payments of 274,551,000 reduced retained earnings.
- Share repurchases of 46,289,000 reduced equity.
- Other comprehensive income decreased equity by 683,846,999.
- Other factors increased equity by 464,919,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$489.75 Million | +5.93% |
| Dividends Paid | NT$274.55 Million | -3.32% |
| Share Repurchases | NT$46.29 Million | -0.56% |
| Other Comprehensive Income | NT$-683.85 Million | -8.27% |
| Other Changes | NT$464.92 Million | +5.63% |
| Total Change | NT$- | -0.60% |
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: 0.73x
- 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 2.06x to 0.73x 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$29.55 | x |
| 2005-12-31 | NT$11.66 | NT$29.55 | x |
| 2006-12-31 | NT$14.96 | NT$29.55 | x |
| 2007-12-31 | NT$17.02 | NT$29.55 | x |
| 2008-12-31 | NT$16.05 | NT$29.55 | x |
| 2009-12-31 | NT$16.00 | NT$29.55 | x |
| 2010-12-31 | NT$17.31 | NT$29.55 | x |
| 2011-12-31 | NT$16.61 | NT$29.55 | x |
| 2012-12-31 | NT$23.15 | NT$29.55 | x |
| 2013-12-31 | NT$20.85 | NT$29.55 | x |
| 2014-12-31 | NT$21.99 | NT$29.55 | x |
| 2015-12-31 | NT$22.29 | NT$29.55 | x |
| 2016-12-31 | NT$24.36 | NT$29.55 | x |
| 2017-12-31 | NT$26.24 | NT$29.55 | x |
| 2018-12-31 | NT$28.29 | NT$29.55 | x |
| 2019-12-31 | NT$31.72 | NT$29.55 | x |
| 2020-12-31 | NT$31.37 | NT$29.55 | x |
| 2021-12-31 | NT$33.28 | NT$29.55 | x |
| 2022-12-31 | NT$34.86 | NT$29.55 | x |
| 2023-12-31 | NT$37.45 | NT$29.55 | x |
| 2024-12-31 | NT$40.77 | NT$29.55 | x |
| 2025-12-31 | NT$40.67 | NT$29.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GTM Holdings Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.85%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.66x
- Recent ROE (5.93%) is above the historical average (2.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.03% | 23.52% | 0.07x | 1.90x | NT$-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 |
| 2025 | 5.93% | 52.85% | 0.07x | 1.66x | NT$-336.72 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: $3,923,740,556
- Average return on equity (ROE) among peers: -8.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GTM Holdings Corp (1437) | NT$8.27 Billion | 3.03% | 0.66x | $187.94 Million |
| Sun Yad Construction Co Ltd (1316) | $946.17 Million | 0.52% | 0.13x | $124.37 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.13 Billion | 4.19% | 3.04x | $44.73 Million |
| Hiyes International Co Ltd (2348) | $110.60 Million | -128.02% | 4.78x | $370.97 Million |
| Chainqui Construction Development Co Ltd (2509) | $3.17 Billion | 11.59% | 0.97x | $99.04 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $6.97 Billion | 6.00% | 1.95x | $320.80 Million |
| Crowell Development Corp (2528) | $869.07 Million | 0.00% | 3.81x | $305.63 Million |
| JSL Construction & Development Co Ltd (2540) | $8.95 Billion | 16.85% | 2.97x | $1.63 Billion |
| Wanhwa Enterprise Co (2701) | $5.40 Billion | 3.75% | 0.16x | $149.56 Million |
| First Hotel Co Ltd (2706) | $7.77 Billion | 5.90% | 0.15x | $195.33 Million |
About 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