Global Brands Manufacture Ltd
Global Brands Manufacture Ltd., together with its subsidiaries, engages in printed circuit boards (PCB) production and electronic manufacturing service (EMS) business in Taiwan. It manufactures, fabricates, assembles, and sells PCBs that are used in desktop PCs, network and communication products, digital cameras, automotive electronics, consumer electronics, IT products, and others. The company … Read more
Global Brands Manufacture Ltd (6191) - Net Assets
Latest net assets as of September 2025: NT$24.19 Billion TWD
Based on the latest financial reports, Global Brands Manufacture Ltd (6191) has net assets worth NT$24.19 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$58.26 Billion) and total liabilities (NT$34.06 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$24.19 Billion |
| % of Total Assets | 41.53% |
| Annual Growth Rate | 14.99% |
| 5-Year Change | 46.19% |
| 10-Year Change | 104.41% |
| Growth Volatility | 39.77 |
Global Brands Manufacture Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Global Brands Manufacture Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Global Brands Manufacture Ltd (2002–2024)
The table below shows the annual net assets of Global Brands Manufacture Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$22.91 Billion | +11.11% |
| 2023-12-31 | NT$20.62 Billion | +13.93% |
| 2022-12-31 | NT$18.10 Billion | +10.50% |
| 2021-12-31 | NT$16.38 Billion | +4.52% |
| 2020-12-31 | NT$15.67 Billion | +4.81% |
| 2019-12-31 | NT$14.95 Billion | +13.38% |
| 2018-12-31 | NT$13.19 Billion | +13.35% |
| 2017-12-31 | NT$11.63 Billion | +1.26% |
| 2016-12-31 | NT$11.49 Billion | +2.53% |
| 2015-12-31 | NT$11.21 Billion | +0.16% |
| 2014-12-31 | NT$11.19 Billion | +7.73% |
| 2013-12-31 | NT$10.39 Billion | -3.25% |
| 2012-12-31 | NT$10.74 Billion | -5.83% |
| 2011-12-31 | NT$11.40 Billion | +12.98% |
| 2010-12-31 | NT$10.09 Billion | -1.74% |
| 2009-12-31 | NT$10.27 Billion | +0.10% |
| 2008-12-31 | NT$10.26 Billion | -7.14% |
| 2007-12-31 | NT$11.05 Billion | +15.61% |
| 2006-12-31 | NT$9.56 Billion | +40.71% |
| 2005-12-31 | NT$6.79 Billion | +66.42% |
| 2004-12-31 | NT$4.08 Billion | +35.26% |
| 2003-12-31 | NT$3.02 Billion | +184.77% |
| 2002-12-31 | NT$1.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Brands Manufacture 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 981702600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$9.82 Billion | 43.14% |
| Common Stock | NT$4.74 Billion | 20.84% |
| Other Comprehensive Income | NT$4.59 Billion | 20.17% |
| Other Components | NT$3.61 Billion | 15.85% |
| Total Equity | NT$22.76 Billion | 100.00% |
Global Brands Manufacture Ltd Competitors by Market Cap
The table below lists competitors of Global Brands Manufacture Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CONSUN PHARMAC.GR.HD -10
F:C1P
|
$863.87 Million |
|
Smartfit Escola de Ginástica e Dança S.A
SA:SMFT3
|
$864.18 Million |
|
Serena Energia S.A.
SA:SRNA3
|
$864.62 Million |
|
Aegis Logistics Limited
NSE:AEGISLOG
|
$864.67 Million |
|
HelloFresh SE
PINK:HLFFF
|
$863.21 Million |
|
F&G Annuities & Life Inc.
NYSE:FG
|
$862.78 Million |
|
Sichuan Crun Co Ltd
SHE:002272
|
$862.71 Million |
|
Realord Group Holdings Limited
F:CUV
|
$861.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Brands Manufacture Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,420,620,000 to 22,755,077,000, a change of 2,334,457,000 (11.4%).
- Net income of 2,844,733,000 contributed positively to equity growth.
- Dividend payments of 1,565,200,000 reduced retained earnings.
- Share repurchases of 17,799,000 reduced equity.
- New share issuances of 125,787,000 increased equity.
- Other comprehensive income increased equity by 3,002,066,000.
- Other factors decreased equity by 2,055,130,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.84 Billion | +12.5% |
| Dividends Paid | NT$1.57 Billion | -6.88% |
| Share Repurchases | NT$17.80 Million | -0.08% |
| Share Issuances | NT$125.79 Million | +0.55% |
| Other Comprehensive Income | NT$3.00 Billion | +13.19% |
| Other Changes | NT$-2.06 Billion | -9.03% |
| Total Change | NT$- | 11.43% |
Book Value vs Market Value Analysis
This analysis compares Global Brands Manufacture 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: 2.11x
- 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 4.74x to 2.11x 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$21.29 | NT$101.00 | x |
| 2010-12-31 | NT$20.85 | NT$101.00 | x |
| 2011-12-31 | NT$21.89 | NT$101.00 | x |
| 2012-12-31 | NT$21.86 | NT$101.00 | x |
| 2013-12-31 | NT$21.17 | NT$101.00 | x |
| 2014-12-31 | NT$22.78 | NT$101.00 | x |
| 2015-12-31 | NT$22.84 | NT$101.00 | x |
| 2016-12-31 | NT$23.65 | NT$101.00 | x |
| 2017-12-31 | NT$24.53 | NT$101.00 | x |
| 2018-12-31 | NT$27.76 | NT$101.00 | x |
| 2019-12-31 | NT$30.82 | NT$101.00 | x |
| 2020-12-31 | NT$32.31 | NT$101.00 | x |
| 2021-12-31 | NT$32.11 | NT$101.00 | x |
| 2022-12-31 | NT$37.58 | NT$101.00 | x |
| 2023-12-31 | NT$43.40 | NT$101.00 | x |
| 2024-12-31 | NT$47.95 | NT$101.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Brands Manufacture 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): 12.50%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.12%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.80x
- Recent ROE (12.50%) is above the historical average (9.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 14.65% | 11.32% | 0.59x | 2.20x | NT$49.22 Million |
| 2003 | 11.44% | 5.43% | 1.00x | 2.11x | NT$43.58 Million |
| 2004 | 27.74% | 4.76% | 1.81x | 3.22x | NT$617.96 Million |
| 2005 | 20.56% | 2.95% | 2.36x | 2.95x | NT$635.84 Million |
| 2006 | 17.73% | 2.73% | 2.56x | 2.54x | NT$668.89 Million |
| 2007 | 15.26% | 3.97% | 1.63x | 2.36x | NT$506.57 Million |
| 2008 | 5.33% | 1.58% | 1.45x | 2.33x | NT$-442.56 Million |
| 2009 | 8.06% | 2.74% | 1.38x | 2.13x | NT$-195.85 Million |
| 2010 | 6.20% | 1.70% | 1.42x | 2.57x | NT$-379.68 Million |
| 2011 | 7.79% | 2.53% | 1.27x | 2.43x | NT$-250.15 Million |
| 2012 | 0.80% | 0.23% | 1.38x | 2.47x | NT$-984.02 Million |
| 2013 | -3.61% | -1.13% | 1.27x | 2.52x | NT$-1.41 Billion |
| 2014 | 1.21% | 0.45% | 1.08x | 2.50x | NT$-979.51 Million |
| 2015 | -3.04% | -1.46% | 0.93x | 2.23x | NT$-1.46 Billion |
| 2016 | 4.79% | 2.44% | 0.89x | 2.20x | NT$-596.32 Million |
| 2017 | 3.53% | 1.98% | 0.79x | 2.25x | NT$-749.07 Million |
| 2018 | 4.29% | 2.50% | 0.76x | 2.26x | NT$-741.43 Million |
| 2019 | 7.08% | 4.72% | 0.71x | 2.11x | NT$-424.54 Million |
| 2020 | 11.48% | 7.73% | 0.72x | 2.06x | NT$227.94 Million |
| 2021 | 18.00% | 10.47% | 0.82x | 2.09x | NT$1.28 Billion |
| 2022 | 13.90% | 10.20% | 0.71x | 1.91x | NT$694.12 Million |
| 2023 | 15.47% | 13.81% | 0.61x | 1.82x | NT$1.12 Billion |
| 2024 | 12.50% | 13.12% | 0.53x | 1.80x | NT$569.23 Million |
Industry Comparison
This section compares Global Brands Manufacture Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Brands Manufacture Ltd (6191) | NT$24.19 Billion | 14.65% | 1.41x | $863.80 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |