GlycoNex Net Assets
GlycoNex net assets. Based on the latest financial reports, GlycoNex (4168) has net assets worth NT$1.01 Billion TWD (≈ $31.84 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.55 Billion ≈ $48.92 Million USD) and total liabilities (NT$542.22 Million ≈ $17.08 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 how fast is GlycoNex growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.01 Billion |
| % of Total Assets | 65.08% |
| Annual Growth Rate | -7.75% |
| 5-Year Change | -32.03% |
| 10-Year Change | N/A |
| Growth Volatility | 12.81 |
Net Assets of GlycoNex (2017–2024)
Net assets of GlycoNex from 2017 to 2024. This chart illustrates how GlycoNex's net assets have evolved over time, based on quarterly financial data. See GlycoNex net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for GlycoNex (2017–2024)
The table below shows the annual net assets of GlycoNex from 2017 to 2024. For live market cap and overall valuation, see 4168 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.05 Billion ≈ $32.97 Million |
-18.01% |
| 2023-12-31 | NT$1.28 Billion ≈ $40.21 Million |
-11.70% |
| 2022-12-31 | NT$1.45 Billion ≈ $45.54 Million |
+6.38% |
| 2021-12-31 | NT$1.36 Billion ≈ $42.81 Million |
-11.73% |
| 2020-12-31 | NT$1.54 Billion ≈ $48.51 Million |
+18.35% |
| 2019-12-31 | NT$1.30 Billion ≈ $40.98 Million |
-15.11% |
| 2018-12-31 | NT$1.53 Billion ≈ $48.28 Million |
-16.77% |
| 2017-12-31 | NT$1.84 Billion ≈ $58.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GlycoNex'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 decreased by 2572700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
GlycoNex Net Assets Breakdown (December 2024)
GlycoNex net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.28 Billion | 121.92% |
| Total Equity | NT$1.05 Billion | 100.00% |
GlycoNex Competitors by Market Cap
The table below lists competitors of GlycoNex ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pinetree Capital Ltd
TO:PNP
|
$72.39 Million |
|
Cemtas Celik Makina Sanayi ve Ticaret AS
IS:CEMTS
|
$72.46 Million |
|
OFX Group Ltd
AU:OFX
|
$72.46 Million |
|
Metrofile
JSE:MFL
|
$72.47 Million |
|
Arena Group Holdings Inc
NYSE MKT:AREN
|
$72.36 Million |
|
Tonymoly Co Ltd
KO:214420
|
$72.33 Million |
|
Oxford Square Capital Corp
NASDAQ:OXSQ
|
$72.32 Million |
|
Eco World International Bhd
KLSE:5283
|
$72.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GlycoNex's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,276,415,000 to 1,046,474,000, a change of -229,941,000 (-18.0%).
- Net loss of 229,705,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-229.71 Million | -21.95% |
| Other Changes | NT$-236.00K | -0.02% |
| Total Change | NT$- | -18.01% |
Book Value vs Market Value Analysis
This analysis compares GlycoNex'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: 2.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.85x to 2.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$24.37 | NT$20.75 | x |
| 2018-12-31 | NT$20.23 | NT$20.75 | x |
| 2019-12-31 | NT$17.14 | NT$20.75 | x |
| 2020-12-31 | NT$17.22 | NT$20.75 | x |
| 2021-12-31 | NT$14.02 | NT$20.75 | x |
| 2022-12-31 | NT$14.54 | NT$20.75 | x |
| 2023-12-31 | NT$11.84 | NT$20.75 | x |
| 2024-12-31 | NT$9.65 | NT$20.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GlycoNex utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1562.51%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.26x
- Recent ROE (-21.95%) is below the historical average (-15.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -7.85% | -22805.68% | 0.00x | 1.01x | NT$-328.71 Million |
| 2018 | -20.68% | -34227.11% | 0.00x | 1.02x | NT$-470.19 Million |
| 2019 | -19.00% | -33682.15% | 0.00x | 1.02x | NT$-377.31 Million |
| 2020 | -10.57% | -36082.26% | 0.00x | 1.02x | NT$-316.69 Million |
| 2021 | -12.69% | -3150.56% | 0.00x | 1.03x | NT$-308.39 Million |
| 2022 | -15.21% | -730.67% | 0.02x | 1.19x | NT$-364.38 Million |
| 2023 | -13.97% | -7016.60% | 0.00x | 1.22x | NT$-306.00 Million |
| 2024 | -21.95% | -1562.51% | 0.01x | 1.26x | NT$-334.35 Million |
Industry Comparison
This section compares GlycoNex's net assets metrics with peer companies in the Biotechnology industry.
Industry Context
- Industry: Biotechnology
- Average net assets among peers: $1,264,704,500
- Average return on equity (ROE) among peers: 6.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GlycoNex (4168) | NT$1.01 Billion | -7.85% | 0.54x | $72.37 Million |
| Apex Biotechnology Corp (1733) | $896.93 Million | 0.00% | 0.25x | $91.32 Million |
| Sinphar Pharmaceutical Co Ltd (1734) | $2.09 Billion | 6.26% | 0.71x | $182.46 Million |
| Panion & BF Biotech Inc (1760) | $1.91 Billion | 4.04% | 0.69x | $133.58 Million |
| Chunghwa Chemical Synthesis & Biotech Co Ltd (1762) | $1.82 Billion | 4.71% | 0.89x | $75.49 Million |
| SYN-Tech Chem & Pharm Co Ltd (1777) | $2.20 Billion | 13.43% | 0.26x | $108.60 Million |
| Level Biotechnology (3118) | $529.43 Million | 10.96% | 0.46x | $31.08 Million |
| GenMont Biotech Inc (3164) | $294.16 Million | -11.68% | 0.05x | $45.80 Million |
| Medigen Biotechnology (3176) | $807.90 Million | 0.00% | 0.08x | $141.32 Million |
| Sagittarius Life Science (3205) | $714.71 Million | 42.07% | 0.58x | $94.17 Million |
| Genovate Biotechnology Co Ltd (4130) | $1.38 Billion | 0.03% | 0.10x | $115.03 Million |
About GlycoNex
GlycoNex Incorporation engages in the development of cancer drugs using glycosphingolipid antigen and human monoclonal antibody technologies in Taiwan. The company's development pipeline for the treatment of solid tumors includes GNX102, a humanized monoclonal antibody, currently under phase 1 clinical stage; GNX201, an antibody drug currently under preclinical stage; GNX203, glycan-directed anti… Read more