Globe Union Industrial Corp.
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Globe Union Industrial Corp. Financial Snapshot
Operating Performance
Fast Facts
The company reported revenues of US$678.90 million
Headquarters Address 22 Chien-Kuo Rd., Taiwan, ,Taiwan
during 2010, with a CAGR of 14.59% during 2006–
2010. Its revenue grew at an annual rate of 5.42%
Telephone + 886 4253 49676
over the previous fiscal year. In 2010, the company
recorded an operating margin of 3.97%, as against
Fax + 886 4253 36618 5.22% in 2009.
Website ww.globeunion.com
Revenue and Margins
Ticker Symbol, Stock Exchange 9934, Taiwan Stock Exchange
Number of Employees 218
Fiscal Year End December
Revenue (in US$ million) 678.90
Revenue (in TWD million) 21,419.38
Return on Equity
The company recorded a return on equity (ROE) of
17.30% for 2010, as compared to its peers, Xiamen
Tungsten Co., Ltd. (Ticker: 600549), CHUO SPRING
CO., LTD. (Ticker: 5992) and G J Steel Public
Company (Ticker: GJS), which recorded ROEs of
13.68%, 6.48% and -27.24% respectively. The
company reported a net profit margin of 3.97% in
2010.
Return on Equity
Liquidity Position
The company reported a current ratio of 1.86 in 2010,
as compared to its peers, Xiamen Tungsten Co., Ltd.,
CHUO SPRING CO., LTD. and G J Steel Public
Company, which recorded current ratios of 1.13, 1.93
and 0.21 respectively. As of December 2010, the
company recorded cash and short-term investments
of worth US$110.94 million, against US$8.69 million
current debt. The company reported a debt to equity
ratio of 0.97 in 2010 as compared to its peers,
Xiamen Tungsten Co., Ltd., CHUO SPRING CO.,
LTD. and G J Steel Public Company, which recorded
debt to equity ratios of 0.84, 0.13 and 0.04
respectively.
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Globe Union Industrial Corp. - Company Capsule Page 1
Globe Union Industrial Corp.
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Major Products and Services .................................................................................................................................5
2 Analysis of Key Performance Indicators ............................................................................................... 6
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................6
2.2 Key Financial Performance Indicators ...................................................................................................................9
2.2.1 Revenue and Operating Profit ...........................................................................................................................9
2.2.2 Asset, Liabilities and Capex .............................................................................................................................10
2.2.3 Net Debt vs. Gearing Ratio ..............................................................................................................................11
2.2.4 Operational Efficiency ......................................................................................................................................12
2.2.5 Solvency ..........................................................................................................................................................13
2.2.6 Valuation ..........................................................................................................................................................14
2.3 Competitive Benchmarking ..................................................................................................................................15
2.3.1 Market Capitalization .......................................................................................................................................15
2.3.2 Efficiency ..........................................................................................................................................................16
2.3.3 Capital Expenditure ....................................................................................................................