IFCA MSC Bhd
IFCA MSC Berhad, a business software solution company, engages in the research and development of enterprise-wide business solutions in Malaysia, China, Indonesia, and internationally. It operates in three segments: Software Applications and Royalty Income; Hardware, Networking and Operating Systems; and Maintenance, Support System, Training and Implementation Services. The company offers E-Invoi… Read more
IFCA MSC Bhd (0023) - Net Assets
Latest net assets as of September 2025: RM121.37 Million MYR
Based on the latest financial reports, IFCA MSC Bhd (0023) has net assets worth RM121.37 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 (RM153.51 Million) and total liabilities (RM32.14 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 | RM121.37 Million |
| % of Total Assets | 79.06% |
| Annual Growth Rate | 3.11% |
| 5-Year Change | 2.19% |
| 10-Year Change | N/A |
| Growth Volatility | 5.28 |
IFCA MSC Bhd - Net Assets Trend (2015–2024)
This chart illustrates how IFCA MSC 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 IFCA MSC Bhd (2015–2024)
The table below shows the annual net assets of IFCA MSC Bhd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM124.50 Million | +2.50% |
| 2023-12-31 | RM121.46 Million | +2.47% |
| 2022-12-31 | RM118.53 Million | -8.23% |
| 2021-12-31 | RM129.15 Million | +6.01% |
| 2020-12-31 | RM121.83 Million | +1.74% |
| 2019-12-31 | RM119.75 Million | +0.23% |
| 2018-12-31 | RM119.48 Million | +6.79% |
| 2017-12-31 | RM111.88 Million | +5.48% |
| 2016-12-31 | RM106.07 Million | +12.27% |
| 2015-12-31 | RM94.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IFCA MSC 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 58.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM44.20 Million | 35.50% |
| Common Stock | RM83.95 Million | 67.43% |
| Total Equity | RM124.50 Million | 100.00% |
IFCA MSC Bhd Competitors by Market Cap
The table below lists competitors of IFCA MSC Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Melbana Energy Ltd
AU:MAY
|
$14.32 Million |
|
TSKB Gayrimenkul Yatirim Ortakligi AS
IS:TSGYO
|
$14.32 Million |
|
Alpha Astika Akinita S.A
AT:ASTAK
|
$14.33 Million |
|
Inflection Resources Ltd
OTCQB:AUCUF
|
$14.33 Million |
|
IQuest Co. Ltd.
KQ:262840
|
$14.32 Million |
|
PLC S.p.A.
F:O29
|
$14.32 Million |
|
Pavonine Co Ltd
KQ:177830
|
$14.31 Million |
|
Buru Energy Limited
PINK:BRNGF
|
$14.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IFCA MSC Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 121,461,770 to 124,503,930, a change of 3,042,160 (2.5%).
- Net income of 17,367,670 contributed positively to equity growth.
- Dividend payments of 13,642,080 reduced retained earnings.
- Share repurchases of 1,267,010 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM17.37 Million | +13.95% |
| Dividends Paid | RM13.64 Million | -10.96% |
| Share Repurchases | RM1.27 Million | -1.02% |
| Other Changes | RM583.58K | +0.47% |
| Total Change | RM- | 2.50% |
Book Value vs Market Value Analysis
This analysis compares IFCA MSC 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: 0.94x
- 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 1.12x to 0.94x 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 | RM0.17 | RM0.20 | x |
| 2017-12-31 | RM0.18 | RM0.20 | x |
| 2018-12-31 | RM0.20 | RM0.20 | x |
| 2019-12-31 | RM0.20 | RM0.20 | x |
| 2020-12-31 | RM0.20 | RM0.20 | x |
| 2021-12-31 | RM0.21 | RM0.20 | x |
| 2022-12-31 | RM0.20 | RM0.20 | x |
| 2023-12-31 | RM0.20 | RM0.20 | x |
| 2024-12-31 | RM0.21 | RM0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IFCA MSC 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): 13.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.38%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.33x
- Recent ROE (13.95%) is above the historical average (7.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 22.87% | 21.26% | 0.84x | 1.28x | RM12.16 Million |
| 2016 | 0.49% | 0.69% | 0.53x | 1.34x | RM-10.09 Million |
| 2017 | 8.63% | 10.87% | 0.61x | 1.29x | RM-1.53 Million |
| 2018 | 9.56% | 12.25% | 0.64x | 1.22x | RM-529.93K |
| 2019 | 4.97% | 6.96% | 0.61x | 1.17x | RM-6.02 Million |
| 2020 | 6.88% | 10.35% | 0.55x | 1.21x | RM-3.80 Million |
| 2021 | 7.61% | 12.31% | 0.50x | 1.24x | RM-3.09 Million |
| 2022 | -3.49% | -5.48% | 0.51x | 1.26x | RM-15.99 Million |
| 2023 | 1.75% | 2.73% | 0.50x | 1.28x | RM-10.02 Million |
| 2024 | 13.95% | 16.38% | 0.64x | 1.33x | RM4.92 Million |
Industry Comparison
This section compares IFCA MSC Bhd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $116,927,481
- Average return on equity (ROE) among peers: -27.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IFCA MSC Bhd (0023) | RM121.37 Million | 22.87% | 0.26x | $14.32 Million |
| Nova MSC Bhd (0026) | $46.59 Million | 1.10% | 0.26x | $10.03 Million |
| MMAG Holdings Bhd (0034) | $376.25 Million | -6.02% | 1.13x | $960.62K |
| Systech Bhd (0050) | $51.31 Million | 0.86% | 0.24x | $10.69 Million |
| Cuscapi Berhad (0051) | $18.84 Million | -130.34% | 1.75x | $5.12 Million |
| Excel Force MSC Bhd (0065) | $101.67 Million | 12.12% | 0.08x | $7.15 Million |
| N2N Connect Bhd (0108) | $284.73 Million | 6.19% | 0.08x | $11.11 Million |
| Appasia Bhd (0119) | $27.12 Million | 1.71% | 0.13x | $10.71 Million |
| DGB Asia Bhd (0152) | $130.71 Million | -16.79% | 0.86x | $838.97K |
| iDimension Consolidated Bhd (0174) | $15.11 Million | -112.15% | 0.73x | $566.90K |