IFCA MSC Bhd (0023) - Net Assets
Based on the latest financial reports, IFCA MSC Bhd (0023) has net assets worth RM121.37 Million MYR (≈ $30.47 Million USD) 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 ≈ $38.54 Million USD) and total liabilities (RM32.14 Million ≈ $8.07 Million 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 0023 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore IFCA MSC Bhd asset portfolio for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 0023 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM124.50 Million ≈ $31.26 Million |
+2.50% |
| 2023-12-31 | RM121.46 Million ≈ $30.50 Million |
+2.47% |
| 2022-12-31 | RM118.53 Million ≈ $29.76 Million |
-8.23% |
| 2021-12-31 | RM129.15 Million ≈ $32.43 Million |
+6.01% |
| 2020-12-31 | RM121.83 Million ≈ $30.59 Million |
+1.74% |
| 2019-12-31 | RM119.75 Million ≈ $30.07 Million |
+0.23% |
| 2018-12-31 | RM119.48 Million ≈ $30.00 Million |
+6.79% |
| 2017-12-31 | RM111.88 Million ≈ $28.09 Million |
+5.48% |
| 2016-12-31 | RM106.07 Million ≈ $26.63 Million |
+12.27% |
| 2015-12-31 | RM94.47 Million ≈ $23.72 Million |
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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 |
|---|---|
|
LIGHTON
PA:ALTAI
|
$33.89 Million |
|
Neuroone Medical Technologies Corp
NASDAQ:NMTC
|
$33.89 Million |
|
Chow Steel Industries Public Company Limited
BK:CHOW
|
$33.91 Million |
|
Carbon Streaming Corp
NEO:NETZ
|
$33.91 Million |
|
Cipherlab Co Ltd
TWO:6160
|
$33.88 Million |
|
Gol Linhas Aéreas Inteligentes S.A
NYSE:GOLLQ
|
$33.88 Million |
|
POLARIS WORKS Inc
KQ:123010
|
$33.86 Million |
|
Inbest Prime IV Inmuebles SOCIMI S.A.
MC:YINB4
|
$33.85 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: 1.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.29x to 1.09x 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 | RM0.23 | x |
| 2017-12-31 | RM0.18 | RM0.23 | x |
| 2018-12-31 | RM0.20 | RM0.23 | x |
| 2019-12-31 | RM0.20 | RM0.23 | x |
| 2020-12-31 | RM0.20 | RM0.23 | x |
| 2021-12-31 | RM0.21 | RM0.23 | x |
| 2022-12-31 | RM0.20 | RM0.23 | x |
| 2023-12-31 | RM0.20 | RM0.23 | x |
| 2024-12-31 | RM0.21 | RM0.23 | 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: $107,617,001
- Average return on equity (ROE) among peers: -25.10%
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 | $33.88 Million |
| Nova MSC Bhd (0026) | $51.73 Million | -19.08% | 0.36x | $29.73 Million |
| MMAG Holdings Bhd (0034) | $376.25 Million | -6.02% | 1.13x | $14.57 Million |
| Systech Bhd (0050) | $25.96 Million | -83.40% | 0.45x | $34.61 Million |
| Cuscapi Berhad (0051) | $96.79 Million | -22.29% | 0.22x | $22.54 Million |
| Excel Force MSC Bhd (0065) | $35.83 Million | 14.96% | 0.07x | $24.50 Million |
| N2N Connect Bhd (0108) | $263.32 Million | 10.29% | 0.13x | $44.85 Million |
| Appasia Bhd (0119) | $10.04 Million | -68.22% | 0.17x | $38.08 Million |
| DGB Asia Bhd (0152) | $41.54 Million | -41.13% | 0.06x | $2.49 Million |
| iDimension Consolidated Bhd (0174) | $67.07 Million | -11.02% | 1.58x | $4.51 Million |
About 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