Globe Union Industrial Corp Net Assets
Globe Union Industrial Corp net assets. Based on the latest financial reports, Globe Union Industrial Corp (9934) has net assets worth NT$6.07 Billion TWD (≈ $191.18 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$15.87 Billion ≈ $500.13 Million USD) and total liabilities (NT$9.81 Billion ≈ $308.95 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 Globe Union Industrial Corp (9934) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.07 Billion |
| % of Total Assets | 38.23% |
| Annual Growth Rate | 7.86% |
| 5-Year Change | 17.31% |
| 10-Year Change | 7.34% |
| Growth Volatility | 24.72 |
Net Assets of Globe Union Industrial Corp (2000–2025)
Net assets of Globe Union Industrial Corp from 2000 to 2025. This chart illustrates how Globe Union Industrial Corp's net assets have evolved over time, based on quarterly financial data. See Globe Union Industrial Corp net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Globe Union Industrial Corp (2000–2025)
The table below shows the annual net assets of Globe Union Industrial Corp from 2000 to 2025. For live market cap and overall valuation, see Globe Union Industrial Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$6.07 Billion ≈ $191.18 Million |
-4.87% |
| 2024-12-31 | NT$6.38 Billion ≈ $200.96 Million |
+8.12% |
| 2023-12-31 | NT$5.90 Billion ≈ $185.87 Million |
+26.23% |
| 2022-12-31 | NT$4.67 Billion ≈ $147.25 Million |
-9.64% |
| 2021-12-31 | NT$5.17 Billion ≈ $162.97 Million |
-6.25% |
| 2020-12-31 | NT$5.52 Billion ≈ $173.82 Million |
-1.01% |
| 2019-12-31 | NT$5.57 Billion ≈ $175.60 Million |
-6.71% |
| 2018-12-31 | NT$5.97 Billion ≈ $188.24 Million |
-2.04% |
| 2017-12-31 | NT$6.10 Billion ≈ $192.16 Million |
+7.89% |
| 2016-12-31 | NT$5.65 Billion ≈ $178.11 Million |
-22.68% |
| 2015-12-31 | NT$7.31 Billion ≈ $230.36 Million |
+5.92% |
| 2014-12-31 | NT$6.90 Billion ≈ $217.48 Million |
+4.33% |
| 2013-12-31 | NT$6.62 Billion ≈ $208.46 Million |
+1.31% |
| 2012-12-31 | NT$6.53 Billion ≈ $205.77 Million |
-12.97% |
| 2011-12-31 | NT$7.50 Billion ≈ $236.43 Million |
+5.96% |
| 2010-12-31 | NT$7.08 Billion ≈ $223.14 Million |
+1.89% |
| 2009-12-31 | NT$6.95 Billion ≈ $219.00 Million |
-3.87% |
| 2008-12-31 | NT$7.23 Billion ≈ $227.81 Million |
-3.37% |
| 2007-12-31 | NT$7.48 Billion ≈ $235.76 Million |
+26.34% |
| 2006-12-31 | NT$5.92 Billion ≈ $186.61 Million |
+10.38% |
| 2005-12-31 | NT$5.37 Billion ≈ $169.07 Million |
+29.26% |
| 2004-12-31 | NT$4.15 Billion ≈ $130.80 Million |
+39.59% |
| 2003-12-31 | NT$2.97 Billion ≈ $93.71 Million |
+7.19% |
| 2002-12-31 | NT$2.77 Billion ≈ $87.42 Million |
+100.52% |
| 2001-12-31 | NT$1.38 Billion ≈ $43.60 Million |
+51.21% |
| 2000-12-31 | NT$915.11 Million ≈ $28.83 Million |
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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 15.9% over the analyzed period, indicating profitable operations and earnings retention.
Globe Union Industrial Corp Net Assets Breakdown (December 2025)
Globe Union Industrial Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$212.13 Million | 3.50% |
| Common Stock | NT$4.11 Billion | 67.73% |
| Other Comprehensive Income | NT$828.59 Million | 13.65% |
| Other Components | NT$917.27 Million | 15.12% |
| Total Equity | NT$6.07 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 |
|---|---|
|
Spruce Biosciences, Inc. Common Stock
NASDAQ:SPRB
|
$123.04 Million |
|
OM Holdings Ltd
KLSE:5298
|
$123.12 Million |
|
Pioneer Floating Rate Trust
NYSE:PHD
|
$123.13 Million |
|
Nykode Therapeutics ASA
OL:NYKD
|
$123.19 Million |
|
Airtificial Intelligence Structures SA
MC:AI
|
$123.01 Million |
|
Bukaka Teknik Utama Tbk Pt
JK:BUKK
|
$123.00 Million |
|
Matrimony.Com Limited
NSE:MATRIMONY
|
$122.97 Million |
|
Draganfly Inc
NASDAQ:DPRO
|
$122.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globe Union Industrial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,378,552,000 to 6,068,160,000, a change of -310,392,000 (-4.9%).
- Net loss of 118,266,000 reduced equity.
- Dividend payments of 143,856,000 reduced retained earnings.
- New share issuances of 16,123,000 increased equity.
- Other comprehensive income decreased equity by 39,151,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-118.27 Million | -1.95% |
| Dividends Paid | NT$143.86 Million | -2.37% |
| Share Issuances | NT$16.12 Million | +0.27% |
| Other Comprehensive Income | NT$-39.15 Million | -0.65% |
| Other Changes | NT$-25.24 Million | -0.42% |
| Total Change | NT$- | -4.87% |
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: 0.64x
- 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 0.77x to 0.64x 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$9.50 | x |
| 2010-12-31 | NT$12.57 | NT$9.50 | x |
| 2011-12-31 | NT$12.20 | NT$9.50 | x |
| 2012-12-31 | NT$13.32 | NT$9.50 | x |
| 2013-12-31 | NT$15.66 | NT$9.50 | x |
| 2014-12-31 | NT$18.97 | NT$9.50 | x |
| 2015-12-31 | NT$19.41 | NT$9.50 | x |
| 2016-12-31 | NT$15.55 | NT$9.50 | x |
| 2017-12-31 | NT$16.25 | NT$9.50 | x |
| 2018-12-31 | NT$15.79 | NT$9.50 | x |
| 2019-12-31 | NT$15.43 | NT$9.50 | x |
| 2020-12-31 | NT$15.28 | NT$9.50 | x |
| 2021-12-31 | NT$14.22 | NT$9.50 | x |
| 2022-12-31 | NT$12.90 | NT$9.50 | x |
| 2023-12-31 | NT$14.73 | NT$9.50 | x |
| 2024-12-31 | NT$15.39 | NT$9.50 | x |
| 2025-12-31 | NT$14.88 | NT$9.50 | 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): -1.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.68%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.62x
- Recent ROE (-1.95%) is below the historical average (8.76%), 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 |
| 2025 | -1.95% | -0.68% | 1.10x | 2.62x | NT$-725.08 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: $3,559,259,250
- Average return on equity (ROE) among peers: 8.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globe Union Industrial Corp (9934) | NT$6.07 Billion | 22.20% | 1.62x | $123.02 Million |
| Champion Building Materials Co Ltd (1806) | $3.88 Billion | 10.26% | 1.16x | $93.64 Million |
| China Glaze Co Ltd (1809) | $4.34 Billion | 3.29% | 0.37x | $234.98 Million |
| Sunspring Metal Corp (2062) | $4.22 Billion | 13.80% | 0.28x | $107.12 Million |
| Buima Group (5543) | $1.34 Billion | -4.54% | 2.06x | $35.90 Million |
| M.J. International Co Ltd (8466) | $2.62 Billion | 15.35% | 0.67x | $36.67 Million |
| CKM Building Material (8930) | $1.14 Billion | 5.03% | 0.48x | $69.18 Million |
| Kuo Toong International Co Ltd (8936) | $4.22 Billion | 8.72% | 0.64x | $336.86 Million |
| Taiwan Fu Hsing Industrial Co Ltd (9924) | $6.71 Billion | 13.57% | 0.37x | $178.59 Million |
About 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