Nova MSC Bhd (0026) - Net Assets
Based on the latest financial reports, Nova MSC Bhd (0026) has net assets worth RM51.24 Million MYR (≈ $12.86 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 (RM71.48 Million ≈ $17.95 Million USD) and total liabilities (RM20.24 Million ≈ $5.08 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 0026 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM51.24 Million |
| % of Total Assets | 71.68% |
| Annual Growth Rate | 1.17% |
| 5-Year Change | -23.53% |
| 10-Year Change | N/A |
| Growth Volatility | 30.94 |
Nova MSC Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Nova MSC Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 0026 total assets for the complete picture of this company's asset base.
Annual Net Assets for Nova MSC Bhd (2015–2024)
The table below shows the annual net assets of Nova MSC Bhd from 2015 to 2024. For live valuation and market cap data, see market cap of Nova MSC Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM51.73 Million ≈ $12.99 Million |
+68.11% |
| 2023-12-31 | RM30.77 Million ≈ $7.73 Million |
-18.56% |
| 2022-12-31 | RM37.78 Million ≈ $9.49 Million |
-23.15% |
| 2021-12-31 | RM49.16 Million ≈ $12.34 Million |
-27.33% |
| 2020-12-31 | RM67.65 Million ≈ $16.98 Million |
+3.17% |
| 2019-12-31 | RM65.57 Million ≈ $16.46 Million |
+17.26% |
| 2018-12-31 | RM55.92 Million ≈ $14.04 Million |
+45.73% |
| 2017-12-31 | RM38.37 Million ≈ $9.63 Million |
-12.87% |
| 2016-12-31 | RM44.04 Million ≈ $11.06 Million |
-5.48% |
| 2015-12-31 | RM46.59 Million ≈ $11.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nova 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 decreased by 7663024000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM145.69 Million | 281.64% |
| Other Components | RM11.73 Million | 22.68% |
| Total Equity | RM51.73 Million | 100.00% |
Nova MSC Bhd Competitors by Market Cap
The table below lists competitors of Nova MSC Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Allakos Inc
NASDAQ:ALLK
|
$29.74 Million |
|
Bakrie Sumatera Plantations
JK:UNSP
|
$29.75 Million |
|
Ledlink Optics
TWO:5230
|
$29.75 Million |
|
J.ESTINA Co.Ltd
KQ:026040
|
$29.76 Million |
|
Numulae Gestion de Servicios SOCIMI SA
MC:YNUM
|
$29.72 Million |
|
Bioceres Crop Solutions Corp
NASDAQ:BIOX
|
$29.71 Million |
|
Foxx Development Holdings Inc.
NASDAQ:FOXX
|
$29.70 Million |
|
3D Energi Ltd
AU:TDO
|
$29.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nova MSC Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,312,527 to 51,730,170, a change of 20,417,643 (65.2%).
- Net loss of 9,869,500 reduced equity.
- Share repurchases of 29,078,530 reduced equity.
- New share issuances of 29,079,000 increased equity.
- Other factors increased equity by 30,286,673.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-9.87 Million | -19.08% |
| Share Repurchases | RM29.08 Million | -56.21% |
| Share Issuances | RM29.08 Million | +56.21% |
| Other Changes | RM30.29 Million | +58.55% |
| Total Change | RM- | 65.21% |
Book Value vs Market Value Analysis
This analysis compares Nova 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: 2.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.85x to 2.29x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.06 | RM0.06 | x |
| 2017-12-31 | RM0.06 | RM0.06 | x |
| 2018-12-31 | RM0.07 | RM0.06 | x |
| 2019-12-31 | RM0.09 | RM0.06 | x |
| 2020-12-31 | RM0.06 | RM0.06 | x |
| 2021-12-31 | RM0.04 | RM0.06 | x |
| 2022-12-31 | RM0.03 | RM0.06 | x |
| 2023-12-31 | RM0.03 | RM0.06 | x |
| 2024-12-31 | RM0.02 | RM0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nova 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): -19.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.58%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.36x
- Recent ROE (-19.08%) is below the historical average (-16.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 1.10% | 1.66% | 0.53x | 1.26x | RM-4.15 Million |
| 2016 | -46.38% | -21.10% | 1.23x | 1.79x | RM-24.83 Million |
| 2017 | -6.84% | -7.39% | 0.45x | 2.06x | RM-6.46 Million |
| 2018 | 14.72% | 15.53% | 0.65x | 1.45x | RM2.64 Million |
| 2019 | -5.14% | -8.57% | 0.39x | 1.52x | RM-9.93 Million |
| 2020 | -14.44% | -30.82% | 0.37x | 1.27x | RM-16.53 Million |
| 2021 | -41.12% | -88.58% | 0.32x | 1.47x | RM-25.13 Million |
| 2022 | -32.52% | -45.39% | 0.42x | 1.70x | RM-16.06 Million |
| 2023 | -20.11% | -19.06% | 0.57x | 1.86x | RM-9.43 Million |
| 2024 | -19.08% | -21.58% | 0.65x | 1.36x | RM-15.04 Million |
Industry Comparison
This section compares Nova MSC Bhd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $115,702,974
- Average return on equity (ROE) among peers: -21.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nova MSC Bhd (0026) | RM51.24 Million | 1.10% | 0.40x | $29.73 Million |
| IFCA MSC Bhd (0023) | $124.50 Million | 13.95% | 0.33x | $33.88 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 Nova MSC Bhd
Nova MSC Berhad, an investment holding company, engages in the software research and development, and provision of e-business solutions in Malaysia and Singapore. Its product portfolio includes Pavo, a software that facilities the online submission of application documents; and Fornax, an electronic plan check systems and electronic approval management software. The company also offers Vesalius, … Read more