Merchant House International Ltd
Merchant House International Limited does not have significant operations. Previously, it was engaged in footwear and home textile business. The company was founded in 1978 and is headquartered in Wong Chuk Hang, Hong Kong.
Merchant House International Ltd (MHI) - Net Assets
Latest net assets as of March 2025: AU$22.31 Million AUD
Based on the latest financial reports, Merchant House International Ltd (MHI) has net assets worth AU$22.31 Million AUD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$24.11 Million) and total liabilities (AU$1.79 Million). 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 | AU$22.31 Million |
| % of Total Assets | 92.55% |
| Annual Growth Rate | 4.51% |
| 5-Year Change | -14.88% |
| 10-Year Change | -52.49% |
| Growth Volatility | 25.37 |
Merchant House International Ltd - Net Assets Trend (1996–2025)
This chart illustrates how Merchant House International Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Merchant House International Ltd (1996–2025)
The table below shows the annual net assets of Merchant House International Ltd from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | AU$22.31 Million | -21.21% |
| 2024-03-31 | AU$28.32 Million | -18.57% |
| 2023-03-31 | AU$34.77 Million | -11.06% |
| 2022-03-31 | AU$39.10 Million | +49.16% |
| 2021-03-31 | AU$26.21 Million | -38.10% |
| 2020-03-31 | AU$42.34 Million | -14.10% |
| 2019-03-31 | AU$49.29 Million | +0.90% |
| 2018-03-31 | AU$48.85 Million | +2.51% |
| 2017-03-31 | AU$47.65 Million | +1.48% |
| 2016-03-31 | AU$46.96 Million | +3.01% |
| 2015-03-31 | AU$45.59 Million | +14.81% |
| 2014-03-31 | AU$39.71 Million | +42.13% |
| 2013-03-31 | AU$27.94 Million | +6.14% |
| 2012-03-31 | AU$26.32 Million | +14.48% |
| 2011-03-31 | AU$22.99 Million | -3.85% |
| 2010-03-31 | AU$23.91 Million | -18.06% |
| 2009-03-31 | AU$29.18 Million | +48.47% |
| 2008-03-31 | AU$19.66 Million | +0.72% |
| 2007-03-31 | AU$19.52 Million | +4.24% |
| 2006-03-31 | AU$18.72 Million | +29.25% |
| 2005-03-31 | AU$14.48 Million | +12.37% |
| 2004-03-31 | AU$12.89 Million | -8.26% |
| 2003-03-31 | AU$14.05 Million | -0.08% |
| 2002-03-31 | AU$14.06 Million | +7.90% |
| 2001-03-31 | AU$13.03 Million | +79.79% |
| 2000-03-31 | AU$7.25 Million | -10.57% |
| 1999-03-31 | AU$8.11 Million | -9.30% |
| 1998-03-31 | AU$8.94 Million | +43.78% |
| 1996-03-31 | AU$6.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Merchant House International Ltd'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 382.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$7.50 Million | 33.63% |
| Common Stock | AU$2.94 Million | 13.20% |
| Other Components | AU$11.86 Million | 53.17% |
| Total Equity | AU$22.31 Million | 100.00% |
Merchant House International Ltd Competitors by Market Cap
The table below lists competitors of Merchant House International Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JS SECURITY TECHN.GRP AB
F:6ZW
|
$1.36 Million |
|
BR01
F:BR01
|
$1.36 Million |
|
Nova Mentis Life Science Corp
PINK:NMLSF
|
$1.36 Million |
|
Impera Capital S.A.
WAR:IMP
|
$1.36 Million |
|
Medical Marijuana I
PINK:MJNA
|
$1.35 Million |
|
BioQuest Corp
PINK:BQST
|
$1.35 Million |
|
FINEQIA INTERN. INC. O.N.
F:FNQA
|
$1.35 Million |
|
SMIS Corporation Bhd
KLSE:7132
|
$1.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Merchant House International Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 28,315,000 to 22,310,000, a change of -6,005,000 (-21.2%).
- Net loss of 14,022,000 reduced equity.
- Other comprehensive income decreased equity by 13,277,000.
- Other factors increased equity by 21,294,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-14.02 Million | -62.85% |
| Other Comprehensive Income | AU$-13.28 Million | -59.51% |
| Other Changes | AU$21.29 Million | +95.45% |
| Total Change | AU$- | -21.21% |
Book Value vs Market Value Analysis
This analysis compares Merchant House International Ltd'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: 0.63x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.82x to 0.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-03-31 | AU$0.05 | AU$0.15 | x |
| 1997-03-31 | AU$0.06 | AU$0.15 | x |
| 1998-03-31 | AU$0.08 | AU$0.15 | x |
| 1999-03-31 | AU$0.07 | AU$0.15 | x |
| 2000-03-31 | AU$0.07 | AU$0.15 | x |
| 2001-03-31 | AU$0.14 | AU$0.15 | x |
| 2002-03-31 | AU$0.15 | AU$0.15 | x |
| 2003-03-31 | AU$0.15 | AU$0.15 | x |
| 2004-03-31 | AU$0.14 | AU$0.15 | x |
| 2005-03-31 | AU$0.15 | AU$0.15 | x |
| 2006-03-31 | AU$0.20 | AU$0.15 | x |
| 2007-03-31 | AU$0.21 | AU$0.15 | x |
| 2008-03-31 | AU$0.21 | AU$0.15 | x |
| 2009-03-31 | AU$0.31 | AU$0.15 | x |
| 2010-03-31 | AU$0.26 | AU$0.15 | x |
| 2011-03-31 | AU$0.25 | AU$0.15 | x |
| 2012-03-31 | AU$0.28 | AU$0.15 | x |
| 2013-03-31 | AU$0.30 | AU$0.15 | x |
| 2014-03-31 | AU$0.42 | AU$0.15 | x |
| 2015-03-31 | AU$0.48 | AU$0.15 | x |
| 2016-03-31 | AU$0.50 | AU$0.15 | x |
| 2017-03-31 | AU$0.51 | AU$0.15 | x |
| 2018-03-31 | AU$0.52 | AU$0.15 | x |
| 2019-03-31 | AU$0.52 | AU$0.15 | x |
| 2020-03-31 | AU$0.45 | AU$0.15 | x |
| 2021-03-31 | AU$0.28 | AU$0.15 | x |
| 2022-03-31 | AU$0.41 | AU$0.15 | x |
| 2023-03-31 | AU$0.37 | AU$0.15 | x |
| 2024-03-31 | AU$0.30 | AU$0.15 | x |
| 2025-03-31 | AU$0.24 | AU$0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Merchant House International Ltd 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): -62.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.08x
- Recent ROE (-62.85%) is below the historical average (6.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 19.50% | 0.00% | 0.00x | 1.59x | AU$590.50K |
| 1997 | 18.59% | 0.00% | 0.00x | 0.00x | AU$604.80K |
| 1998 | 23.78% | 0.00% | 0.00x | 1.46x | AU$1.23 Million |
| 1999 | -4.98% | 0.00% | 0.00x | 1.63x | AU$-1.21 Million |
| 2000 | 22.25% | 3.10% | 3.69x | 1.95x | AU$888.20K |
| 2001 | 35.27% | 7.21% | 3.00x | 1.63x | AU$3.29 Million |
| 2002 | 19.93% | 4.02% | 2.46x | 2.01x | AU$1.40 Million |
| 2003 | 16.81% | 3.54% | 2.07x | 2.30x | AU$957.10K |
| 2004 | 17.84% | 3.91% | 1.94x | 2.35x | AU$1.01 Million |
| 2005 | 15.28% | 3.80% | 2.10x | 1.92x | AU$764.60K |
| 2006 | 24.01% | 6.91% | 2.09x | 1.66x | AU$2.62 Million |
| 2007 | 24.31% | 6.85% | 2.60x | 1.37x | AU$2.79 Million |
| 2008 | 18.32% | 6.08% | 2.14x | 1.41x | AU$1.64 Million |
| 2009 | 10.57% | 4.21% | 1.79x | 1.40x | AU$166.60K |
| 2010 | 16.83% | 5.30% | 2.30x | 1.38x | AU$1.63 Million |
| 2011 | 11.69% | 3.91% | 2.43x | 1.23x | AU$387.90K |
| 2012 | 13.54% | 4.83% | 2.28x | 1.23x | AU$932.00K |
| 2013 | 10.89% | 3.76% | 2.39x | 1.21x | AU$248.30K |
| 2014 | 22.09% | 10.40% | 1.88x | 1.13x | AU$4.80 Million |
| 2015 | -4.35% | -2.30% | 1.59x | 1.19x | AU$-6.54 Million |
| 2016 | 5.89% | 2.90% | 1.57x | 1.29x | AU$-1.93 Million |
| 2017 | 1.22% | 0.80% | 1.31x | 1.16x | AU$-4.18 Million |
| 2018 | 2.33% | 1.79% | 1.13x | 1.15x | AU$-3.74 Million |
| 2019 | -5.08% | -3.83% | 0.94x | 1.41x | AU$-7.43 Million |
| 2020 | -30.27% | -20.21% | 0.92x | 1.63x | AU$-17.05 Million |
| 2021 | -29.48% | -41.60% | 0.41x | 1.72x | AU$-10.35 Million |
| 2022 | 34.56% | 58.99% | 0.49x | 1.19x | AU$9.60 Million |
| 2023 | -23.65% | -42.25% | 0.47x | 1.18x | AU$-11.70 Million |
| 2024 | -26.11% | -131.20% | 0.17x | 1.19x | AU$-10.22 Million |
| 2025 | -62.85% | 0.00% | 0.00x | 1.08x | AU$-16.25 Million |
Industry Comparison
This section compares Merchant House International Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
No peer company data available for comparison.