Globe Trade Centre S.A.
Globe Trade Centre S.A., a real estate developer and investor company, engages in the development, management, and rental of office, retail, and residential spaces. It operates in Poland, Hungary, Germany, Bucharest, Belgrade, Zagreb, Sofia, and internationally. The company was founded in 1994 and is headquartered in Warsaw, Poland. Globe Trade Centre S.A. is a subsidiary of GTC Dutch Holdings B.… Read more
Globe Trade Centre S.A. (GTC) - Net Assets
Latest net assets as of September 2025: zł1.16 Billion PLN
Based on the latest financial reports, Globe Trade Centre S.A. (GTC) has net assets worth zł1.16 Billion PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł3.17 Billion) and total liabilities (zł2.01 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 | zł1.16 Billion |
| % of Total Assets | 36.57% |
| Annual Growth Rate | 5.02% |
| 5-Year Change | 20.75% |
| 10-Year Change | 89.28% |
| Growth Volatility | 22.4 |
Globe Trade Centre S.A. - Net Assets Trend (2005–2024)
This chart illustrates how Globe Trade Centre S.A.'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 Trade Centre S.A. (2005–2024)
The table below shows the annual net assets of Globe Trade Centre S.A. from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł1.18 Billion | +4.45% |
| 2023-12-31 | zł1.13 Billion | -0.83% |
| 2022-12-31 | zł1.14 Billion | +1.67% |
| 2021-12-31 | zł1.12 Billion | +14.66% |
| 2020-12-31 | zł974.15 Million | -7.98% |
| 2019-12-31 | zł1.06 Billion | +3.71% |
| 2018-12-31 | zł1.02 Billion | +8.45% |
| 2017-12-31 | zł941.26 Million | +18.56% |
| 2016-12-31 | zł793.89 Million | +27.75% |
| 2015-12-31 | zł621.46 Million | +46.01% |
| 2014-12-31 | zł425.61 Million | -25.99% |
| 2013-12-31 | zł575.09 Million | -22.36% |
| 2012-12-31 | zł740.73 Million | +2.36% |
| 2011-12-31 | zł723.65 Million | -31.27% |
| 2010-12-31 | zł1.05 Billion | +4.17% |
| 2009-12-31 | zł1.01 Billion | -8.89% |
| 2008-12-31 | zł1.11 Billion | +12.87% |
| 2007-12-31 | zł982.78 Million | +34.34% |
| 2006-12-31 | zł731.58 Million | +57.81% |
| 2005-12-31 | zł463.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Globe Trade Centre S.A.'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 43.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł492.90 Million | 43.70% |
| Common Stock | zł12.90 Million | 1.14% |
| Other Comprehensive Income | zł-46.90 Million | -4.16% |
| Other Components | zł668.90 Million | 59.31% |
| Total Equity | zł1.13 Billion | 100.00% |
Globe Trade Centre S.A. Competitors by Market Cap
The table below lists competitors of Globe Trade Centre S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sentul City Tbk
JK:BKSL
|
$112.63 Million |
|
Intops Co. Ltd
KQ:049070
|
$112.63 Million |
|
Arvind SmartSpaces Limited
NSE:ARVSMART
|
$112.65 Million |
|
CAPRAL LTD.
F:CBZ
|
$112.66 Million |
|
Chongqing YuXin Pingrui Electronic Co. Ltd.
SHE:301107
|
$112.60 Million |
|
INTEKPLUS Co. Ltd
KQ:064290
|
$112.57 Million |
|
Pera Yatirim Holding Anonim Sirketi
IS:PEHOL
|
$112.56 Million |
|
Universal Logistics Holdings Inc
NASDAQ:ULH
|
$112.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globe Trade Centre S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,101,900,000 to 1,127,800,000, a change of 25,900,000 (2.4%).
- Net income of 50,900,000 contributed positively to equity growth.
- Dividend payments of 29,600,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,300,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł50.90 Million | +4.51% |
| Dividends Paid | zł29.60 Million | -2.62% |
| Other Comprehensive Income | zł4.30 Million | +0.38% |
| Other Changes | zł300.00K | +0.03% |
| Total Change | zł- | 2.35% |
Book Value vs Market Value Analysis
This analysis compares Globe Trade Centre S.A.'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: 1.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | zł2.09 | zł2.46 | x |
| 2006-12-31 | zł3.09 | zł2.46 | x |
| 2007-12-31 | zł3.94 | zł2.46 | x |
| 2008-12-31 | zł4.60 | zł2.46 | x |
| 2009-12-31 | zł4.00 | zł2.46 | x |
| 2010-12-31 | zł4.18 | zł2.46 | x |
| 2011-12-31 | zł3.09 | zł2.46 | x |
| 2012-12-31 | zł2.76 | zł2.46 | x |
| 2013-12-31 | zł1.91 | zł2.46 | x |
| 2014-12-31 | zł1.39 | zł2.46 | x |
| 2015-12-31 | zł1.73 | zł2.46 | x |
| 2016-12-31 | zł1.72 | zł2.46 | x |
| 2017-12-31 | zł2.01 | zł2.46 | x |
| 2018-12-31 | zł2.13 | zł2.46 | x |
| 2019-12-31 | zł2.16 | zł2.46 | x |
| 2020-12-31 | zł1.97 | zł2.46 | x |
| 2021-12-31 | zł2.26 | zł2.46 | x |
| 2022-12-31 | zł1.94 | zł2.46 | x |
| 2023-12-31 | zł1.92 | zł2.46 | x |
| 2024-12-31 | zł1.96 | zł2.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Globe Trade Centre S.A. 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): 4.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.15%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.86x
- Recent ROE (4.51%) is above the historical average (1.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 25.25% | 145.28% | 0.09x | 1.94x | zł70.60 Million |
| 2006 | 27.97% | 248.68% | 0.07x | 1.66x | zł131.47 Million |
| 2007 | 24.63% | 303.71% | 0.04x | 1.94x | zł139.52 Million |
| 2008 | 13.33% | 151.72% | 0.04x | 2.28x | zł36.92 Million |
| 2009 | -14.46% | -89.18% | 0.06x | 2.72x | zł-235.86 Million |
| 2010 | 2.84% | 16.94% | 0.06x | 2.70x | zł-72.25 Million |
| 2011 | -45.40% | -219.90% | 0.07x | 3.10x | zł-412.35 Million |
| 2012 | -12.68% | -65.07% | 0.07x | 2.84x | zł-171.78 Million |
| 2013 | -24.03% | -112.58% | 0.08x | 2.82x | zł-211.29 Million |
| 2014 | -37.26% | -149.38% | 0.08x | 3.10x | zł-230.37 Million |
| 2015 | 6.96% | 38.84% | 0.07x | 2.43x | zł-19.51 Million |
| 2016 | 19.95% | 132.40% | 0.06x | 2.34x | zł78.68 Million |
| 2017 | 16.68% | 121.41% | 0.06x | 2.33x | zł62.60 Million |
| 2018 | 8.98% | 59.24% | 0.07x | 2.32x | zł-10.37 Million |
| 2019 | 7.16% | 44.08% | 0.07x | 2.41x | zł-29.64 Million |
| 2020 | -7.40% | -44.25% | 0.06x | 2.59x | zł-166.62 Million |
| 2021 | 3.78% | 24.22% | 0.06x | 2.58x | zł-68.41 Million |
| 2022 | 2.10% | 13.95% | 0.06x | 2.40x | zł-87.95 Million |
| 2023 | 0.95% | 5.73% | 0.07x | 2.41x | zł-99.69 Million |
| 2024 | 4.51% | 27.15% | 0.06x | 2.86x | zł-61.88 Million |
Industry Comparison
This section compares Globe Trade Centre S.A.'s net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $390,364,986
- Average return on equity (ROE) among peers: 8.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globe Trade Centre S.A. (GTC) | zł1.16 Billion | 25.25% | 1.73x | $112.62 Million |
| NFI Octava SA (08N) | $52.49 Million | -8.96% | 0.47x | $1.46K |
| City Service SE (CTS) | $69.13 Million | 2.00% | 1.00x | $7.50 Million |
| Korporacja Gospodarcza efekt S.A (EFK) | $40.91 Million | 21.40% | 1.71x | $2.24 Million |
| Elkop SA (EKP) | $59.34 Million | 2.80% | 0.58x | $2.02 Million |
| HM Inwest S.A. (HMI) | $25.16 Million | 11.73% | 2.09x | $103.24K |
| Noble Financials SA (IBS) | $41.66 Million | 31.23% | 1.94x | $3.39 Million |
| MLP Group S.A. (MLG) | $938.55 Million | 13.78% | 1.21x | $163.87 Million |
| Polski Holding Nieruchomości SA (PHN) | $2.30 Billion | 3.13% | 0.81x | $33.12 Million |
| Reinhold Europe AB (RHD) | $-13.06 Million | 0.00% | 0.00x | $1.28 Million |