Globe Union Industrial Corp
Globe Union Industrial Corp., through its subsidiaries, engages in the manufacture and sale of plumbing products in the United States, Mainland China, the United Kingdom, Canada, and internationally. It offers faucets and related parts; showerheads and vitreous products; porcelain bathroom fittings; kitchen and bathroom products and accessories; and fixtures and fittings, valves, and other plumbi… Read more
Globe Union Industrial Corp (9934) - Net Assets
Latest net assets as of September 2025: NT$5.73 Billion TWD
Based on the latest financial reports, Globe Union Industrial Corp (9934) has net assets worth NT$5.73 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$15.83 Billion) and total liabilities (NT$10.10 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$5.73 Billion |
| % of Total Assets | 36.2% |
| Annual Growth Rate | 8.43% |
| 5-Year Change | 15.61% |
| 10-Year Change | -12.76% |
| Growth Volatility | 25.03 |
Globe Union Industrial Corp - Net Assets Trend (2000–2024)
This chart illustrates how Globe Union Industrial 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 Union Industrial Corp (2000–2024)
The table below shows the annual net assets of Globe Union Industrial Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$6.38 Billion | +8.12% |
| 2023-12-31 | NT$5.90 Billion | +26.23% |
| 2022-12-31 | NT$4.67 Billion | -9.64% |
| 2021-12-31 | NT$5.17 Billion | -6.25% |
| 2020-12-31 | NT$5.52 Billion | -1.01% |
| 2019-12-31 | NT$5.57 Billion | -6.71% |
| 2018-12-31 | NT$5.97 Billion | -2.04% |
| 2017-12-31 | NT$6.10 Billion | +7.89% |
| 2016-12-31 | NT$5.65 Billion | -22.68% |
| 2015-12-31 | NT$7.31 Billion | +5.92% |
| 2014-12-31 | NT$6.90 Billion | +4.33% |
| 2013-12-31 | NT$6.62 Billion | +1.31% |
| 2012-12-31 | NT$6.53 Billion | -12.97% |
| 2011-12-31 | NT$7.50 Billion | +5.96% |
| 2010-12-31 | NT$7.08 Billion | +1.89% |
| 2009-12-31 | NT$6.95 Billion | -3.87% |
| 2008-12-31 | NT$7.23 Billion | -3.37% |
| 2007-12-31 | NT$7.48 Billion | +26.34% |
| 2006-12-31 | NT$5.92 Billion | +10.38% |
| 2005-12-31 | NT$5.37 Billion | +29.26% |
| 2004-12-31 | NT$4.15 Billion | +39.59% |
| 2003-12-31 | NT$2.97 Billion | +7.19% |
| 2002-12-31 | NT$2.77 Billion | +100.52% |
| 2001-12-31 | NT$1.38 Billion | +51.21% |
| 2000-12-31 | NT$915.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Globe Union Industrial 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 168.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$491.61 Million | 7.71% |
| Common Stock | NT$4.10 Billion | 64.22% |
| Other Comprehensive Income | NT$867.74 Million | 13.60% |
| Other Components | NT$923.07 Million | 14.47% |
| Total Equity | NT$6.38 Billion | 100.00% |
Globe Union Industrial Corp Competitors by Market Cap
The table below lists competitors of Globe Union Industrial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chia Chang Co Ltd
TW:4942
|
$99.16 Million |
|
Nextronics Engineering
TWO:8147
|
$99.17 Million |
|
Kits Eyecare Ltd
PINK:KTYCF
|
$99.19 Million |
|
Strawberry Fields REIT LLC
NYSE MKT:STRW
|
$99.21 Million |
|
Zoy Home Furnishing Co Ltd
SHG:603709
|
$99.11 Million |
|
Ihuman Inc
NYSE:IH
|
$99.10 Million |
|
MAINSTREET BANCSH. DL4
F:5L0
|
$99.09 Million |
|
IMMOB. BELG. SA
F:R5L
|
$99.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globe Union Industrial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,899,731,000 to 6,378,552,000, a change of 478,821,000 (8.1%).
- Net income of 470,013,000 contributed positively to equity growth.
- Dividend payments of 491,357,000 reduced retained earnings.
- New share issuances of 7,517,000 increased equity.
- Other comprehensive income increased equity by 1,514,206,000.
- Other factors decreased equity by 1,021,558,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$470.01 Million | +7.37% |
| Dividends Paid | NT$491.36 Million | -7.7% |
| Share Issuances | NT$7.52 Million | +0.12% |
| Other Comprehensive Income | NT$1.51 Billion | +23.74% |
| Other Changes | NT$-1.02 Billion | -16.02% |
| Total Change | NT$- | 8.12% |
Book Value vs Market Value Analysis
This analysis compares Globe Union Industrial 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: 0.63x
- 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 0.78x to 0.63x 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$12.39 | NT$9.67 | x |
| 2010-12-31 | NT$12.57 | NT$9.67 | x |
| 2011-12-31 | NT$12.20 | NT$9.67 | x |
| 2012-12-31 | NT$13.32 | NT$9.67 | x |
| 2013-12-31 | NT$15.66 | NT$9.67 | x |
| 2014-12-31 | NT$18.97 | NT$9.67 | x |
| 2015-12-31 | NT$19.41 | NT$9.67 | x |
| 2016-12-31 | NT$15.55 | NT$9.67 | x |
| 2017-12-31 | NT$16.25 | NT$9.67 | x |
| 2018-12-31 | NT$15.79 | NT$9.67 | x |
| 2019-12-31 | NT$15.43 | NT$9.67 | x |
| 2020-12-31 | NT$15.28 | NT$9.67 | x |
| 2021-12-31 | NT$14.22 | NT$9.67 | x |
| 2022-12-31 | NT$12.90 | NT$9.67 | x |
| 2023-12-31 | NT$14.73 | NT$9.67 | x |
| 2024-12-31 | NT$15.39 | NT$9.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Globe Union Industrial 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): 7.37%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.59%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 2.57x
- Recent ROE (7.37%) is below the historical average (9.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 22.20% | 7.25% | 1.68x | 1.83x | NT$97.51 Million |
| 2001 | 27.98% | 8.70% | 1.67x | 1.93x | NT$197.17 Million |
| 2002 | 22.98% | 10.08% | 1.22x | 1.87x | NT$281.17 Million |
| 2003 | 7.83% | 3.05% | 1.12x | 2.30x | NT$-64.62 Million |
| 2004 | 18.86% | 6.14% | 1.35x | 2.28x | NT$291.36 Million |
| 2005 | 6.05% | 2.24% | 0.97x | 2.79x | NT$-142.12 Million |
| 2006 | 13.02% | 4.01% | 1.14x | 2.84x | NT$119.17 Million |
| 2007 | 14.43% | 3.07% | 1.19x | 3.96x | NT$217.69 Million |
| 2008 | 6.79% | 1.31% | 1.26x | 4.11x | NT$-142.53 Million |
| 2009 | 9.04% | 1.91% | 1.26x | 3.75x | NT$-43.05 Million |
| 2010 | 17.30% | 3.74% | 1.29x | 3.60x | NT$338.25 Million |
| 2011 | 6.02% | 1.66% | 1.07x | 3.39x | NT$-202.99 Million |
| 2012 | -5.37% | -1.29% | 1.20x | 3.48x | NT$-666.00 Million |
| 2013 | 29.50% | 10.21% | 1.13x | 2.55x | NT$1.27 Billion |
| 2014 | 2.27% | 0.77% | 1.18x | 2.48x | NT$-525.81 Million |
| 2015 | 6.98% | 2.52% | 1.25x | 2.22x | NT$-218.00 Million |
| 2016 | -8.31% | -2.40% | 1.45x | 2.40x | NT$-1.02 Billion |
| 2017 | 11.59% | 3.90% | 1.35x | 2.20x | NT$95.98 Million |
| 2018 | 10.48% | 3.46% | 1.40x | 2.17x | NT$28.46 Million |
| 2019 | 6.01% | 1.97% | 1.07x | 2.84x | NT$-222.19 Million |
| 2020 | 5.21% | 1.71% | 1.00x | 3.05x | NT$-264.24 Million |
| 2021 | 0.25% | 0.07% | 1.21x | 3.13x | NT$-504.47 Million |
| 2022 | -19.02% | -4.40% | 1.22x | 3.55x | NT$-1.36 Billion |
| 2023 | 10.26% | 3.30% | 1.18x | 2.62x | NT$15.13 Million |
| 2024 | 7.37% | 2.59% | 1.11x | 2.57x | NT$-167.84 Million |
Industry Comparison
This section compares Globe Union Industrial Corp's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,331,039,375
- Average return on equity (ROE) among peers: 7.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globe Union Industrial Corp (9934) | NT$5.73 Billion | 22.20% | 1.76x | $99.14 Million |
| Champion Building Materials Co Ltd (1806) | $5.93 Billion | -7.17% | 0.67x | $47.43 Million |
| China Glaze Co Ltd (1809) | $1.96 Billion | 0.00% | 0.71x | $96.43 Million |
| Sunspring Metal Corp (2062) | $3.01 Billion | 19.66% | 0.75x | $66.69 Million |
| Buima Group (5543) | $695.36 Million | -9.06% | 0.56x | $13.79 Million |
| M.J. International Co Ltd (8466) | $2.62 Billion | 21.72% | 0.43x | $21.66 Million |
| CKM Building Material (8930) | $1.46 Billion | 13.38% | 0.40x | $43.99 Million |
| Kuo Toong International Co Ltd (8936) | $822.59 Million | 13.36% | 0.82x | $367.26 Million |
| Taiwan Fu Hsing Industrial Co Ltd (9924) | $2.14 Billion | 7.43% | 0.40x | $162.62 Million |