Glotech Industrial (5475) - Net Assets
Based on the latest financial reports, Glotech Industrial (5475) has net assets worth NT$824.71 Million TWD (≈ $25.98 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$2.18 Billion ≈ $68.62 Million USD) and total liabilities (NT$1.35 Billion ≈ $42.64 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. Check Glotech Industrial (5475) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$824.71 Million |
| % of Total Assets | 37.86% |
| Annual Growth Rate | 6.78% |
| 5-Year Change | 59.21% |
| 10-Year Change | N/A |
| Growth Volatility | 36.2 |
Glotech Industrial - Net Assets Trend (2019–2024)
This chart illustrates how Glotech Industrial's net assets have evolved over time, based on quarterly financial data. Also explore Glotech Industrial (5475) total assets for the complete picture of this company's asset base.
Annual Net Assets for Glotech Industrial (2019–2024)
The table below shows the annual net assets of Glotech Industrial from 2019 to 2024. For live valuation and market cap data, see 5475 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$899.81 Million ≈ $28.35 Million |
+1.96% |
| 2023-12-31 | NT$882.47 Million ≈ $27.80 Million |
-20.94% |
| 2022-12-31 | NT$1.12 Billion ≈ $35.16 Million |
+9.18% |
| 2021-12-31 | NT$1.02 Billion ≈ $32.21 Million |
+80.88% |
| 2020-12-31 | NT$565.18 Million ≈ $17.81 Million |
-12.80% |
| 2019-12-31 | NT$648.16 Million ≈ $20.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Glotech Industrial'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 7117100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.92 Billion | 211.98% |
| Total Equity | NT$907.53 Million | 100.00% |
Glotech Industrial Competitors by Market Cap
The table below lists competitors of Glotech Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kelt Exploration Ltd.
TO:KEL
|
$1.43 Billion |
|
Beijing Zhidemai Technology
SHE:300785
|
$1.44 Billion |
|
Playa Hotels & Resorts BV
F:PL0
|
$1.44 Billion |
|
AB Electrolux (publ)
ST:ELUX-B
|
$1.44 Billion |
|
Apollo Commercial Real Estate Finance Inc
NYSE:ARI
|
$1.43 Billion |
|
Innovative Industrial Properties Inc
NYSE:IIPR
|
$1.43 Billion |
|
Exail Technologies S.A.
PA:EXA
|
$1.43 Billion |
|
Mercuries Life Insurance Co Ltd
TW:2867
|
$1.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Glotech Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 889,085,000 to 907,533,000, a change of 18,448,000 (2.1%).
- Net loss of 172,297,000 reduced equity.
- Other factors increased equity by 190,745,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-172.30 Million | -18.99% |
| Other Changes | NT$190.75 Million | +21.02% |
| Total Change | NT$- | 2.07% |
Book Value vs Market Value Analysis
This analysis compares Glotech Industrial'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: 50.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 72.39x to 50.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$4.95 | NT$358.00 | x |
| 2020-12-31 | NT$4.33 | NT$358.00 | x |
| 2021-12-31 | NT$8.03 | NT$358.00 | x |
| 2022-12-31 | NT$8.86 | NT$358.00 | x |
| 2023-12-31 | NT$6.99 | NT$358.00 | x |
| 2024-12-31 | NT$7.14 | NT$358.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Glotech Industrial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -18.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -31.24%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.17x
- Recent ROE (-18.99%) is below the historical average (-17.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -64.26% | -36.39% | 0.41x | 4.28x | NT$-466.88 Million |
| 2020 | -16.06% | -14.05% | 0.36x | 3.13x | NT$-143.43 Million |
| 2021 | 46.44% | 24.25% | 0.81x | 2.35x | NT$372.13 Million |
| 2022 | -30.62% | -51.51% | 0.31x | 1.94x | NT$-457.48 Million |
| 2023 | -23.92% | -39.46% | 0.28x | 2.17x | NT$-301.61 Million |
| 2024 | -18.99% | -31.24% | 0.28x | 2.17x | NT$-263.05 Million |
Industry Comparison
This section compares Glotech Industrial's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $11,553,320,100
- Average return on equity (ROE) among peers: 3.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glotech Industrial (5475) | NT$824.71 Million | -64.26% | 1.64x | $1.43 Billion |
| San Fang Chemical Industry Co Ltd (1307) | $2.91 Billion | 8.32% | 0.69x | $397.31 Million |
| Universal Inc (1325) | $1.82 Billion | 6.69% | 0.12x | $70.39 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.21 Billion | 24.85% | 1.03x | $101.90 Million |
| Cathay Consolidated Inc (1342) | $632.24 Million | 19.85% | 0.91x | $229.70 Million |
| Far Eastern New Century Corp (1402) | $65.98 Billion | 0.35% | 1.50x | $4.34 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $36.97 Billion | 6.65% | 2.89x | $854.13 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.16 Billion | 0.03% | 0.44x | $53.81 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $969.20 Million | -30.74% | 2.50x | $39.67 Million |
| Tung Ho Textile Co Ltd (1414) | $1.53 Billion | 0.00% | 2.32x | $103.86 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $2.35 Billion | 0.00% | 0.89x | $32.85 Million |
About Glotech Industrial
Glotech Industrial Corp. engages in research and development, production, and sale of electronic-grade fiberglass fabrics in Taiwan and internationally. The company offers fiberglass fabric, quartz fiber yarn and fabric, and composite material products. The company was formerly known as A Johnson Composite Inc. and changed its name to Glotech Industrial Corp. in May 2011. Glotech Industrial Corp.… Read more