Master Drilling Group Ltd (MDI) - Net Assets
Based on the latest financial reports, Master Drilling Group Ltd (MDI) has net assets worth ZAC241.85 Million ZAC (≈ $128.53K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC434.39 Million ≈ $230.86K USD) and total liabilities (ZAC192.54 Million ≈ $102.32K 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 Master Drilling Group Ltd (MDI) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC241.85 Million |
| % of Total Assets | 55.68% |
| Annual Growth Rate | 7.36% |
| 5-Year Change | 30.37% |
| 10-Year Change | 66.06% |
| Growth Volatility | 6.4 |
Master Drilling Group Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Master Drilling Group Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Master Drilling Group Ltd for the complete picture of this company's asset base.
Annual Net Assets for Master Drilling Group Ltd (2012–2025)
The table below shows the annual net assets of Master Drilling Group Ltd from 2012 to 2025. For live valuation and market cap data, see MDI market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ZAC242.97 Million ≈ $129.13K |
+14.90% |
| 2024-12-31 | ZAC211.47 Million ≈ $112.39K |
+1.19% |
| 2023-12-31 | ZAC208.98 Million ≈ $111.06K |
+10.50% |
| 2022-12-31 | ZAC189.13 Million ≈ $100.51K |
+1.48% |
| 2021-12-31 | ZAC186.37 Million ≈ $99.05K |
+5.80% |
| 2020-12-31 | ZAC176.15 Million ≈ $93.61K |
+0.58% |
| 2019-12-31 | ZAC175.13 Million ≈ $93.07K |
+6.76% |
| 2018-12-31 | ZAC164.04 Million ≈ $87.18K |
+1.69% |
| 2017-12-31 | ZAC161.32 Million ≈ $85.74K |
+10.26% |
| 2016-12-31 | ZAC146.32 Million ≈ $77.76K |
+23.72% |
| 2015-12-31 | ZAC118.27 Million ≈ $62.85K |
+2.24% |
| 2014-12-31 | ZAC115.68 Million ≈ $61.48K |
+9.01% |
| 2013-12-31 | ZAC106.12 Million ≈ $56.40K |
+10.00% |
| 2012-12-31 | ZAC96.47 Million ≈ $51.27K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Master Drilling Group 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 16143.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC199.76 Million | 90.83% |
| Common Stock | ZAC147.99 Million | 67.29% |
| Other Comprehensive Income | ZAC-129.09 Million | -58.70% |
| Other Components | ZAC1.28 Million | 0.58% |
| Total Equity | ZAC219.93 Million | 100.00% |
Master Drilling Group Ltd Competitors by Market Cap
The table below lists competitors of Master Drilling Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bioversys AG
SW:BIOV
|
$136.03 Million |
|
GoldMoney Inc
TO:XAU
|
$136.09 Million |
|
Deleum Bhd
KLSE:5132
|
$136.10 Million |
|
Airsculpt Technologies Inc
NASDAQ:AIRS
|
$136.11 Million |
|
Affinity Bancshares Inc
NASDAQ:AFBI
|
$135.98 Million |
|
Interactive Digital Technologies
TWO:6486
|
$135.97 Million |
|
Garuda Metalindo Tbk PT
JK:BOLT
|
$135.96 Million |
|
Vaxart Inc
NASDAQ:VXRT
|
$135.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Master Drilling Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 187,155,110 to 219,931,726, a change of 32,776,616 (17.5%).
- Net income of 30,482,245 contributed positively to equity growth.
- Dividend payments of 5,474,585 reduced retained earnings.
- Other comprehensive income increased equity by 10,138,331.
- Other factors decreased equity by 2,369,375.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC30.48 Million | +13.86% |
| Dividends Paid | ZAC5.47 Million | -2.49% |
| Other Comprehensive Income | ZAC10.14 Million | +4.61% |
| Other Changes | ZAC-2.37 Million | -1.08% |
| Total Change | ZAC- | 17.51% |
Book Value vs Market Value Analysis
This analysis compares Master Drilling Group 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: 1169.10x
- 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 2825.39x to 1169.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ZAC0.60 | ZAC1700.00 | x |
| 2013-12-31 | ZAC0.62 | ZAC1700.00 | x |
| 2014-12-31 | ZAC0.67 | ZAC1700.00 | x |
| 2015-12-31 | ZAC0.68 | ZAC1700.00 | x |
| 2016-12-31 | ZAC0.86 | ZAC1700.00 | x |
| 2017-12-31 | ZAC1.01 | ZAC1700.00 | x |
| 2018-12-31 | ZAC1.02 | ZAC1700.00 | x |
| 2019-12-31 | ZAC1.09 | ZAC1700.00 | x |
| 2020-12-31 | ZAC1.10 | ZAC1700.00 | x |
| 2021-12-31 | ZAC1.17 | ZAC1700.00 | x |
| 2022-12-31 | ZAC1.14 | ZAC1700.00 | x |
| 2023-12-31 | ZAC1.22 | ZAC1700.00 | x |
| 2024-12-31 | ZAC1.24 | ZAC1700.00 | x |
| 2025-12-31 | ZAC1.45 | ZAC1700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Master Drilling Group 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): 13.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.44%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.98x
- Recent ROE (13.86%) is above the historical average (11.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.38% | 11.36% | 0.07x | 1.77x | ZAC-7.70 Million |
| 2013 | 16.47% | 12.64% | 0.74x | 1.77x | ZAC5.94 Million |
| 2014 | 16.87% | 12.81% | 0.77x | 1.70x | ZAC6.89 Million |
| 2015 | 19.58% | 16.66% | 0.66x | 1.77x | ZAC9.77 Million |
| 2016 | 16.30% | 17.95% | 0.56x | 1.64x | ZAC8.19 Million |
| 2017 | 11.24% | 14.17% | 0.51x | 1.55x | ZAC1.90 Million |
| 2018 | 10.82% | 12.09% | 0.52x | 1.72x | ZAC1.27 Million |
| 2019 | 9.24% | 10.29% | 0.54x | 1.67x | ZAC-1.25 Million |
| 2020 | 2.01% | 2.71% | 0.46x | 1.59x | ZAC-13.30 Million |
| 2021 | 11.34% | 11.65% | 0.59x | 1.64x | ZAC2.37 Million |
| 2022 | 12.38% | 9.46% | 0.66x | 1.99x | ZAC4.12 Million |
| 2023 | 11.13% | 8.48% | 0.67x | 1.96x | ZAC2.09 Million |
| 2024 | 9.31% | 6.43% | 0.72x | 2.02x | ZAC-1.30 Million |
| 2025 | 13.86% | 10.44% | 0.67x | 1.98x | ZAC8.49 Million |
Industry Comparison
This section compares Master Drilling Group Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,496,542,000
- Average return on equity (ROE) among peers: 18.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Master Drilling Group Ltd (MDI) | ZAC241.85 Million | 1.38% | 0.80x | $136.00 Million |
| Aveng Ltd (AEG) | $10.89 Billion | 19.30% | 1.09x | $31.62 Million |
| Murray & Roberts Holdings Ltd (MUR) | $5.82 Billion | 35.43% | 2.72x | $238.01K |
| Raubex (RBX) | $3.53 Billion | 11.32% | 0.78x | $502.02 Million |
| Stefstock (SSK) | $1.61 Billion | 19.80% | 2.11x | $54.40 Million |
| Wilson Bayly Holmes Ovcon Ltd (WBO) | $5.63 Billion | 5.62% | 2.28x | $490.12 Million |
About Master Drilling Group Ltd
Master Drilling Group Limited, an investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors. It provides rock boring services, including horizontal and vertical raise, and box hole boring; slot hole, reverse circulation, piling, and directional drilling; shotcreting; … Read more