Gourmet Master Co Ltd Net Assets
Gourmet Master Co Ltd net assets. Based on the latest financial reports, Gourmet Master Co Ltd (2723) has net assets worth NT$10.75 Billion TWD (≈ $338.57 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$17.62 Billion ≈ $555.21 Million USD) and total liabilities (NT$6.88 Billion ≈ $216.64 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. Also explore net asset momentum of Gourmet Master Co Ltd to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$10.75 Billion |
| % of Total Assets | 60.98% |
| Annual Growth Rate | 10.63% |
| 5-Year Change | -7.56% |
| 10-Year Change | 16.5% |
| Growth Volatility | 35.19 |
Net Assets of Gourmet Master Co Ltd (2009–2025)
Net assets of Gourmet Master Co Ltd from 2009 to 2025. This chart illustrates how Gourmet Master Co Ltd's net assets have evolved over time, based on quarterly financial data. See Gourmet Master Co Ltd balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Gourmet Master Co Ltd (2009–2025)
The table below shows the annual net assets of Gourmet Master Co Ltd from 2009 to 2025. For live market cap and overall valuation, see market cap of Gourmet Master Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$10.10 Billion ≈ $318.14 Million |
-10.17% |
| 2024-12-31 | NT$11.24 Billion ≈ $354.15 Million |
+2.56% |
| 2023-12-31 | NT$10.96 Billion ≈ $345.31 Million |
+1.53% |
| 2022-12-31 | NT$10.79 Billion ≈ $340.09 Million |
-1.18% |
| 2021-12-31 | NT$10.92 Billion ≈ $344.17 Million |
+2.37% |
| 2020-12-31 | NT$10.67 Billion ≈ $336.20 Million |
+4.45% |
| 2019-12-31 | NT$10.22 Billion ≈ $321.87 Million |
-2.50% |
| 2018-12-31 | NT$10.48 Billion ≈ $330.11 Million |
+5.55% |
| 2017-12-31 | NT$9.93 Billion ≈ $312.75 Million |
+14.53% |
| 2016-12-31 | NT$8.67 Billion ≈ $273.08 Million |
+12.68% |
| 2015-12-31 | NT$7.69 Billion ≈ $242.36 Million |
+13.54% |
| 2014-12-31 | NT$6.78 Billion ≈ $213.45 Million |
+7.98% |
| 2013-12-31 | NT$6.27 Billion ≈ $197.67 Million |
+0.51% |
| 2012-12-31 | NT$6.24 Billion ≈ $196.66 Million |
+5.50% |
| 2011-12-31 | NT$5.92 Billion ≈ $186.41 Million |
+19.15% |
| 2010-12-31 | NT$4.97 Billion ≈ $156.46 Million |
+147.51% |
| 2009-12-31 | NT$2.01 Billion ≈ $63.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gourmet Master Co Ltd'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 498.1% over the analyzed period, indicating profitable operations and earnings retention.
Gourmet Master Co Ltd Net Assets Breakdown (December 2025)
Gourmet Master Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.43 Billion | 43.97% |
| Common Stock | NT$1.80 Billion | 17.85% |
| Other Comprehensive Income | NT$1.47 Billion | 14.62% |
| Other Components | NT$2.38 Billion | 23.56% |
| Total Equity | NT$10.09 Billion | 100.00% |
Gourmet Master Co Ltd Competitors by Market Cap
The table below lists competitors of Gourmet Master Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MBM Resources Bhd
KLSE:5983
|
$466.16 Million |
|
Ion Beam Applications SA
BR:IBAB
|
$466.24 Million |
|
Bank Mestika Dharma Tbk
JK:BBMD
|
$466.28 Million |
|
Calavo Growers Inc
NASDAQ:CVGW
|
$466.33 Million |
|
SS Innovations International Inc. Common Stock
NASDAQ:SSII
|
$466.00 Million |
|
Grupo Supervielle S.A
F:189A
|
$465.95 Million |
|
Bannari Amman Sugars Limited
NSE:BANARISUG
|
$465.94 Million |
|
Gansu Golden Glass Technologies Co Ltd
SHE:300093
|
$465.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gourmet Master Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,302,786,000 to 10,085,943,000, a change of -1,216,843,000 (-10.8%).
- Net loss of 443,839,000 reduced equity.
- Dividend payments of 540,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 425,088,001.
- Other factors increased equity by 192,084,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-443.84 Million | -4.4% |
| Dividends Paid | NT$540.00 Million | -5.35% |
| Other Comprehensive Income | NT$-425.09 Million | -4.21% |
| Other Changes | NT$192.08 Million | +1.9% |
| Total Change | NT$- | -10.77% |
Book Value vs Market Value Analysis
This analysis compares Gourmet Master Co Ltd'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: 1.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.35x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$12.95 | NT$82.20 | x |
| 2010-12-31 | NT$30.13 | NT$82.20 | x |
| 2011-12-31 | NT$32.27 | NT$82.20 | x |
| 2012-12-31 | NT$34.00 | NT$82.20 | x |
| 2013-12-31 | NT$34.47 | NT$82.20 | x |
| 2014-12-31 | NT$37.37 | NT$82.20 | x |
| 2015-12-31 | NT$42.42 | NT$82.20 | x |
| 2016-12-31 | NT$47.74 | NT$82.20 | x |
| 2017-12-31 | NT$54.75 | NT$82.20 | x |
| 2018-12-31 | NT$58.08 | NT$82.20 | x |
| 2019-12-31 | NT$56.78 | NT$82.20 | x |
| 2020-12-31 | NT$59.52 | NT$82.20 | x |
| 2021-12-31 | NT$61.06 | NT$82.20 | x |
| 2022-12-31 | NT$60.55 | NT$82.20 | x |
| 2023-12-31 | NT$61.20 | NT$82.20 | x |
| 2024-12-31 | NT$62.79 | NT$82.20 | x |
| 2025-12-31 | NT$56.13 | NT$82.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gourmet Master Co Ltd 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): -4.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.45%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.73x
- Recent ROE (-4.40%) is below the historical average (13.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 38.24% | 11.80% | 1.96x | 1.65x | NT$547.56 Million |
| 2010 | 16.94% | 9.91% | 1.32x | 1.30x | NT$338.87 Million |
| 2011 | 19.31% | 9.79% | 1.43x | 1.38x | NT$540.36 Million |
| 2012 | 15.98% | 7.25% | 1.57x | 1.40x | NT$365.61 Million |
| 2013 | 9.25% | 3.80% | 1.71x | 1.42x | NT$-46.27 Million |
| 2014 | 7.85% | 2.94% | 1.82x | 1.46x | NT$-144.88 Million |
| 2015 | 14.92% | 5.57% | 1.66x | 1.61x | NT$375.77 Million |
| 2016 | 20.27% | 7.90% | 1.64x | 1.56x | NT$882.01 Million |
| 2017 | 21.70% | 9.29% | 1.46x | 1.60x | NT$1.15 Billion |
| 2018 | 15.95% | 6.92% | 1.49x | 1.55x | NT$622.16 Million |
| 2019 | 9.13% | 4.03% | 1.02x | 2.21x | NT$-89.12 Million |
| 2020 | 9.48% | 5.16% | 0.89x | 2.07x | NT$-56.11 Million |
| 2021 | 9.95% | 5.50% | 0.95x | 1.89x | NT$-5.92 Million |
| 2022 | 4.43% | 2.48% | 0.95x | 1.88x | NT$-606.78 Million |
| 2023 | 6.87% | 3.70% | 1.05x | 1.76x | NT$-345.07 Million |
| 2024 | 5.22% | 3.11% | 0.97x | 1.73x | NT$-540.37 Million |
| 2025 | -4.40% | -2.45% | 1.04x | 1.73x | NT$-1.45 Billion |
Industry Comparison
This section compares Gourmet Master Co Ltd's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $2,056,082,222
- Average return on equity (ROE) among peers: -5.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gourmet Master Co Ltd (2723) | NT$10.75 Billion | 38.24% | 0.64x | $466.16 Million |
| An-Shin Food Services Co Ltd (1259) | $1.78 Billion | 9.47% | 0.66x | $67.35 Million |
| Hi-Lai Foods Co Ltd (1268) | $2.30 Billion | 18.54% | 2.07x | $235.46 Million |
| Yummy Town Cayman Holdings (2726) | $261.21 Million | -107.14% | 2.16x | $8.55 Million |
| Wowprime Corp (2727) | $4.50 Billion | 0.77% | 1.05x | $636.97 Million |
| TTFB Co Ltd (2729) | $2.59 Billion | 13.60% | 1.18x | $201.65 Million |
| Mr. Onion (2740) | $162.26 Million | -40.06% | 0.99x | $13.22 Million |
| Tofu Restaurant Co Ltd (2752) | $1.07 Billion | 25.04% | 0.77x | $148.86 Million |
| Bafang Yunji Intl Co Ltd (2753) | $4.15 Billion | 20.61% | 0.98x | $392.43 Million |
| Kura Sushi Asia Co Ltd (2754) | $1.68 Billion | 6.42% | 2.10x | $95.32 Million |
About Gourmet Master Co Ltd
Gourmet Master Co. Ltd., together with its subsidiaries, operates and franchises chain stores in China, Taiwan, the United States, and internationally. The company operates cafes that serve bread, cake, drinks, souvenirs, selected ingredients, and raw donuts under the 85°C brand. It also engages in investment; production and sale of bakery products; retail sale of groceries and beverages; trading… Read more