Brite Tech Bhd
Brite-Tech Berhad, an investment holding company, provides integrated water purification and wastewater treatment solutions in Malaysia. It operates through Environmental Products and Services, System Equipment and Ancillary Products, and Investments segments. The company offers a range of products and services in the field of water treatment, pollution control, and fuel treatment; and engineered… Read more
Brite Tech Bhd (0011) - Net Assets
Latest net assets as of September 2025: RM97.76 Million MYR
Based on the latest financial reports, Brite Tech Bhd (0011) has net assets worth RM97.76 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM168.57 Million) and total liabilities (RM70.81 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 | RM97.76 Million |
| % of Total Assets | 57.99% |
| Annual Growth Rate | 7.23% |
| 5-Year Change | 36.44% |
| 10-Year Change | N/A |
| Growth Volatility | 3.55 |
Brite Tech Bhd - Net Assets Trend (2016–2024)
This chart illustrates how Brite Tech Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Brite Tech Bhd (2016–2024)
The table below shows the annual net assets of Brite Tech Bhd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM95.47 Million | +8.17% |
| 2023-12-31 | RM88.26 Million | +6.47% |
| 2022-12-31 | RM82.90 Million | +7.94% |
| 2021-12-31 | RM76.80 Million | +9.75% |
| 2020-12-31 | RM69.97 Million | +13.34% |
| 2019-12-31 | RM61.74 Million | +6.55% |
| 2018-12-31 | RM57.94 Million | +6.18% |
| 2017-12-31 | RM54.57 Million | -0.09% |
| 2016-12-31 | RM54.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Brite Tech Bhd'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 151.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM44.02 Million | 46.10% |
| Common Stock | RM25.20 Million | 26.40% |
| Other Components | RM26.26 Million | 27.50% |
| Total Equity | RM95.47 Million | 100.00% |
Brite Tech Bhd Competitors by Market Cap
The table below lists competitors of Brite Tech Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asiaplast Industries Tbk
JK:APLI
|
$2.81 Million |
|
Affimed NV
NASDAQ:AFMD
|
$2.81 Million |
|
Reliv International Inc
PINK:RELV
|
$2.81 Million |
|
Vivesto AB
ST:VIVE
|
$2.81 Million |
|
Surefire Resources NL
AU:SRN
|
$2.81 Million |
|
Pipe Works L. Girakian Profil S.A.
AT:PROFK
|
$2.80 Million |
|
Games Operators SA
WAR:GOP
|
$2.80 Million |
|
Quest Water Global Inc
PINK:QWTR
|
$2.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Brite Tech Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 88,261,300 to 95,471,710, a change of 7,210,410 (8.2%).
- Net income of 9,272,420 contributed positively to equity growth.
- Dividend payments of 2,520,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM9.27 Million | +9.71% |
| Dividends Paid | RM2.52 Million | -2.64% |
| Other Changes | RM457.99K | +0.48% |
| Total Change | RM- | 8.17% |
Book Value vs Market Value Analysis
This analysis compares Brite Tech Bhd'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: 0.70x
- 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 1.22x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.22 | RM0.27 | x |
| 2017-12-31 | RM0.22 | RM0.27 | x |
| 2018-12-31 | RM0.23 | RM0.27 | x |
| 2019-12-31 | RM0.24 | RM0.27 | x |
| 2020-12-31 | RM0.28 | RM0.27 | x |
| 2021-12-31 | RM0.30 | RM0.27 | x |
| 2022-12-31 | RM0.33 | RM0.27 | x |
| 2023-12-31 | RM0.35 | RM0.27 | x |
| 2024-12-31 | RM0.38 | RM0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Brite Tech Bhd 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): 9.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.20%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.71x
- Recent ROE (9.71%) is above the historical average (8.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.95% | 15.85% | 0.45x | 1.24x | RM-571.59K |
| 2017 | 7.30% | 15.47% | 0.37x | 1.27x | RM-1.47 Million |
| 2018 | 7.44% | 16.21% | 0.33x | 1.40x | RM-1.48 Million |
| 2019 | 9.47% | 20.99% | 0.30x | 1.51x | RM-327.53K |
| 2020 | 6.64% | 19.13% | 0.21x | 1.63x | RM-2.35 Million |
| 2021 | 11.16% | 36.18% | 0.20x | 1.56x | RM891.23K |
| 2022 | 8.99% | 29.05% | 0.20x | 1.58x | RM-834.83K |
| 2023 | 7.89% | 27.75% | 0.17x | 1.67x | RM-1.86 Million |
| 2024 | 9.71% | 32.20% | 0.18x | 1.71x | RM-274.75K |
Industry Comparison
This section compares Brite Tech Bhd's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $50,392,483
- Average return on equity (ROE) among peers: 18.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Brite Tech Bhd (0011) | RM97.76 Million | 8.95% | 0.72x | $2.81 Million |
| Cosmos Technology International Berhad (0261) | $26.55 Million | 21.80% | 0.73x | $3.47 Million |
| Dancomech Holdings Bhd (5276) | $74.23 Million | 14.80% | 0.32x | $13.02 Million |