Gloria Material Technology
Gloria Material Technology Corp. engages in smelting, manufacturing, processing and sales of steel in Taiwan, the United States, China, and internationally. The company offers austenitic, martensitic, ferrite, precipitation hardening, and duplex stainless steel; hot work, cold work, high speed, and plastic mold steel; and low alloy steel. It also engages in general investment and trading activiti… Read more
Gloria Material Technology (5009) - Net Assets
Latest net assets as of September 2025: NT$17.96 Billion TWD
Based on the latest financial reports, Gloria Material Technology (5009) has net assets worth NT$17.96 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$33.47 Billion) and total liabilities (NT$15.51 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$17.96 Billion |
| % of Total Assets | 53.66% |
| Annual Growth Rate | 6.92% |
| 5-Year Change | 118.92% |
| 10-Year Change | 91.09% |
| Growth Volatility | 14.42 |
Gloria Material Technology - Net Assets Trend (2006–2024)
This chart illustrates how Gloria Material Technology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gloria Material Technology (2006–2024)
The table below shows the annual net assets of Gloria Material Technology from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$19.20 Billion | +25.79% |
| 2023-12-31 | NT$15.27 Billion | +37.13% |
| 2022-12-31 | NT$11.13 Billion | +17.05% |
| 2021-12-31 | NT$9.51 Billion | +8.43% |
| 2020-12-31 | NT$8.77 Billion | -0.30% |
| 2019-12-31 | NT$8.80 Billion | +0.51% |
| 2018-12-31 | NT$8.75 Billion | -3.33% |
| 2017-12-31 | NT$9.05 Billion | -7.54% |
| 2016-12-31 | NT$9.79 Billion | -2.54% |
| 2015-12-31 | NT$10.05 Billion | +3.07% |
| 2014-12-31 | NT$9.75 Billion | +8.12% |
| 2013-12-31 | NT$9.02 Billion | -2.57% |
| 2012-12-31 | NT$9.26 Billion | +6.07% |
| 2011-12-31 | NT$8.73 Billion | +40.70% |
| 2010-12-31 | NT$6.20 Billion | +11.91% |
| 2009-12-31 | NT$5.54 Billion | -7.30% |
| 2008-12-31 | NT$5.98 Billion | -10.93% |
| 2007-12-31 | NT$6.71 Billion | +16.62% |
| 2006-12-31 | NT$5.76 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gloria Material Technology'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 3121.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.83 Billion | 25.75% |
| Other Components | NT$13.94 Billion | 74.25% |
| Total Equity | NT$18.77 Billion | 100.00% |
Gloria Material Technology Competitors by Market Cap
The table below lists competitors of Gloria Material Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intrepid Potash Inc
NYSE:IPI
|
$441.92 Million |
|
Sinon Corp
TW:1712
|
$442.00 Million |
|
HCM II Acquisition Corp. Unit
NASDAQ:HONDU
|
$442.05 Million |
|
Kirloskar Brothers Limited
NSE:KIRLOSBROS
|
$442.13 Million |
|
Long Yuan Construction Group Co Ltd
SHG:600491
|
$441.63 Million |
|
Sichuan Fulin Transportation Group Co Ltd
SHE:002357
|
$441.62 Million |
|
GDH Supertime Group Co. Ltd. A
SHE:001338
|
$441.60 Million |
|
WideOpenWest Inc
NYSE:WOW
|
$441.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gloria Material Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,641,957,000 to 18,768,857,000, a change of 4,126,900,000 (28.2%).
- Net income of 2,592,390,000 contributed positively to equity growth.
- Dividend payments of 1,466,988,000 reduced retained earnings.
- New share issuances of 11,547,000 increased equity.
- Other comprehensive income decreased equity by 4,934,297,000.
- Other factors increased equity by 7,924,248,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.59 Billion | +13.81% |
| Dividends Paid | NT$1.47 Billion | -7.82% |
| Share Issuances | NT$11.55 Million | +0.06% |
| Other Comprehensive Income | NT$-4.93 Billion | -26.29% |
| Other Changes | NT$7.92 Billion | +42.22% |
| Total Change | NT$- | 28.19% |
Book Value vs Market Value Analysis
This analysis compares Gloria Material Technology'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: 1.03x
- 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 2.49x to 1.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$13.27 | NT$33.05 | x |
| 2007-12-31 | NT$13.86 | NT$33.05 | x |
| 2008-12-31 | NT$11.17 | NT$33.05 | x |
| 2009-12-31 | NT$12.39 | NT$33.05 | x |
| 2010-12-31 | NT$12.22 | NT$33.05 | x |
| 2011-12-31 | NT$15.20 | NT$33.05 | x |
| 2012-12-31 | NT$16.35 | NT$33.05 | x |
| 2013-12-31 | NT$15.91 | NT$33.05 | x |
| 2014-12-31 | NT$17.87 | NT$33.05 | x |
| 2015-12-31 | NT$18.54 | NT$33.05 | x |
| 2016-12-31 | NT$18.51 | NT$33.05 | x |
| 2017-12-31 | NT$18.41 | NT$33.05 | x |
| 2018-12-31 | NT$18.33 | NT$33.05 | x |
| 2019-12-31 | NT$18.54 | NT$33.05 | x |
| 2020-12-31 | NT$18.52 | NT$33.05 | x |
| 2021-12-31 | NT$20.23 | NT$33.05 | x |
| 2022-12-31 | NT$24.07 | NT$33.05 | x |
| 2023-12-31 | NT$25.65 | NT$33.05 | x |
| 2024-12-31 | NT$32.01 | NT$33.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gloria Material Technology 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): 13.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.15%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.91x
- Recent ROE (13.81%) is above the historical average (8.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 19.80% | 11.82% | 0.79x | 2.13x | NT$508.91 Million |
| 2007 | 23.73% | 12.09% | 0.76x | 2.57x | NT$806.05 Million |
| 2008 | 5.95% | 2.68% | 0.76x | 2.91x | NT$-207.45 Million |
| 2009 | -7.71% | -6.89% | 0.42x | 2.69x | NT$-827.17 Million |
| 2010 | 4.92% | 2.91% | 0.52x | 3.23x | NT$-255.42 Million |
| 2011 | 13.17% | 7.40% | 0.68x | 2.62x | NT$228.59 Million |
| 2012 | 8.38% | 5.71% | 0.60x | 2.45x | NT$-125.76 Million |
| 2013 | 3.53% | 2.55% | 0.55x | 2.49x | NT$-501.43 Million |
| 2014 | 7.67% | 5.23% | 0.60x | 2.43x | NT$-193.67 Million |
| 2015 | 8.06% | 6.42% | 0.59x | 2.12x | NT$-168.19 Million |
| 2016 | 3.76% | 3.69% | 0.47x | 2.17x | NT$-535.99 Million |
| 2017 | 1.78% | 1.61% | 0.49x | 2.26x | NT$-680.84 Million |
| 2018 | 3.00% | 2.37% | 0.51x | 2.47x | NT$-566.53 Million |
| 2019 | 3.43% | 2.65% | 0.53x | 2.45x | NT$-535.05 Million |
| 2020 | 2.68% | 2.85% | 0.37x | 2.52x | NT$-594.59 Million |
| 2021 | 8.40% | 8.57% | 0.40x | 2.47x | NT$-143.42 Million |
| 2022 | 19.16% | 16.33% | 0.49x | 2.40x | NT$965.31 Million |
| 2023 | 15.98% | 17.30% | 0.45x | 2.06x | NT$875.37 Million |
| 2024 | 13.81% | 20.15% | 0.36x | 1.91x | NT$715.50 Million |
Industry Comparison
This section compares Gloria Material Technology's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $14,507,134,500
- Average return on equity (ROE) among peers: 0.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gloria Material Technology (5009) | NT$17.96 Billion | 19.80% | 0.86x | $441.84 Million |
| 1480 (1480) | $3.18 Billion | 0.46% | 1.04x | $28.61 Million |
| Walsin Lihwa Corp (1605) | $62.20 Billion | -4.32% | 0.82x | $2.92 Billion |
| Tung Ho Steel Enterprise Corp (2006) | $27.71 Billion | 12.86% | 0.60x | $1.04 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.58 Billion | 0.00% | 3.75x | $31.36 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.62 Billion | 0.00% | 3.66x | $28.78 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $10.15 Billion | 4.10% | 0.66x | $342.51 Million |
| Chun Yu Works & Co Ltd (2012) | $2.58 Billion | 3.92% | 1.85x | $36.48 Million |
| Chung Hung Steel Corp (2014) | $12.53 Billion | -19.54% | 2.05x | $458.80 Million |
| Feng Hsin Steel Co Ltd (2015) | $16.58 Billion | 10.95% | 0.18x | $690.55 Million |
| Quintain Steel Co Ltd (2017) | $3.95 Billion | 0.00% | 0.88x | $71.75 Million |