Redtone International Bhd

KLSE:0032 Malaysia Telecom Services
Market Cap
$53.20 Million
RM239.62 Million MYR
Market Cap Rank
#25105 Global
#357 in Malaysia
Share Price
RM0.31
Change (1 day)
+1.64%
52-Week Range
RM0.31 - RM0.63
All Time High
RM1.14
Categories
Companies in Malaysia Telecom Services
About

REDtone Digital Berhad, an investment holding company, provides integrated telecommunications and digital infrastructure services in Malaysia. It operates through Telecommunication services; Managed Telecommunications Network Services; and Cloud and Internet of Things segments. The company offers telecommunication services, such as data, managed network services, Cloud PBX, SIP Trunking, and mana… Read more

Redtone International Bhd (0032) - Net Assets

Latest net assets as of June 2025: RM267.33 Million MYR

Based on the latest financial reports, Redtone International Bhd (0032) has net assets worth RM267.33 Million MYR as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM403.21 Million) and total liabilities (RM135.88 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 RM267.33 Million
% of Total Assets 66.3%
Annual Growth Rate 6.98%
5-Year Change 46.15%
10-Year Change 83.49%
Growth Volatility 16.68

Redtone International Bhd - Net Assets Trend (2005–2024)

This chart illustrates how Redtone International 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 Redtone International Bhd (2005–2024)

The table below shows the annual net assets of Redtone International Bhd from 2005 to 2024.

Year Net Assets Change
2024-12-31 RM267.33 Million -10.30%
2023-12-31 RM298.02 Million +16.08%
2022-12-31 RM256.75 Million +14.93%
2021-12-31 RM223.39 Million +22.12%
2020-12-31 RM182.92 Million +13.12%
2019-12-31 RM161.71 Million +0.67%
2018-12-31 RM160.63 Million +12.69%
2017-12-31 RM142.55 Million +3.46%
2016-12-31 RM137.78 Million -5.43%
2015-12-31 RM145.70 Million -21.58%
2014-12-31 RM185.80 Million +35.73%
2013-12-31 RM136.89 Million +21.08%
2012-12-31 RM113.06 Million +28.60%
2011-12-31 RM87.92 Million +7.99%
2010-12-31 RM81.41 Million -12.73%
2009-12-31 RM93.29 Million +42.59%
2008-12-31 RM65.42 Million -7.89%
2007-12-31 RM71.03 Million +0.91%
2006-12-31 RM70.38 Million -5.07%
2005-12-31 RM74.14 Million --

Equity Component Analysis

This analysis shows how different components contribute to Redtone International 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock RM149.81 Million 56.77%
Other Components RM114.07 Million 43.23%
Total Equity RM263.89 Million 100.00%

Redtone International Bhd Competitors by Market Cap

The table below lists competitors of Redtone International Bhd ranked by their market capitalization.

Company Market Cap
HMCIB SPAC 3
KQ:226340
 		$21.73 Million
Axita Cotton Limited
NSE:AXITA
 		$21.73 Million
SINGULAR PEOPLE S EO-1
F:H0U
 		$21.74 Million
Tong Ming Enterprise Co Ltd
TW:5538
 		$21.74 Million
PT Duta Pertiwi Tbk
F:DUI
 		$21.72 Million
SMG EUROPEAN RECOV. EO 1
F:RCVR
 		$21.72 Million
Inalways
TWO:5398
 		$21.72 Million
WLM Participações e Comércio de Máquinas e Veículos S.A
SA:WLMM3
 		$21.72 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Redtone International Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 294,760,000 to 263,886,000, a change of -30,874,000 (-10.5%).
  • Net income of 26,325,000 contributed positively to equity growth.
  • Dividend payments of 23,189,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 8,405,000.
  • Other factors decreased equity by 25,605,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income RM26.32 Million +9.98%
Dividends Paid RM23.19 Million -8.79%
Other Comprehensive Income RM-8.40 Million -3.19%
Other Changes RM-25.61 Million -9.7%
Total Change RM- -10.47%

Book Value vs Market Value Analysis

This analysis compares Redtone International 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: 0.91x
  • 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 1.11x to 0.91x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-12-31 RM0.28 RM0.31 x
2006-12-31 RM0.27 RM0.31 x
2007-12-31 RM0.25 RM0.31 x
2008-12-31 RM0.18 RM0.31 x
2009-12-31 RM0.23 RM0.31 x
2010-12-31 RM0.17 RM0.31 x
2011-12-31 RM0.17 RM0.31 x
2012-12-31 RM0.22 RM0.31 x
2013-12-31 RM0.18 RM0.31 x
2014-12-31 RM0.30 RM0.31 x
2015-12-31 RM0.17 RM0.31 x
2016-12-31 RM0.17 RM0.31 x
2017-12-31 RM0.18 RM0.31 x
2018-12-31 RM0.21 RM0.31 x
2019-12-31 RM0.21 RM0.31 x
2020-12-31 RM0.23 RM0.31 x
2021-12-31 RM0.28 RM0.31 x
2022-12-31 RM0.33 RM0.31 x
2023-12-31 RM0.38 RM0.31 x
2024-12-31 RM0.34 RM0.31 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Redtone International 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): 9.98%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.11%
  • • Asset Turnover: 0.81x
  • • Equity Multiplier: 1.53x
  • Recent ROE (9.98%) is above the historical average (5.06%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 8.20% 5.26% 1.06x 1.47x RM-1.22 Million
2007 -10.41% -6.19% 0.99x 1.70x RM-13.33 Million
2008 -9.98% -7.53% 0.69x 1.93x RM-11.98 Million
2009 -5.83% -6.59% 0.51x 1.73x RM-14.70 Million
2010 -15.74% -13.08% 0.67x 1.81x RM-19.15 Million
2011 2.68% 2.01% 0.76x 1.76x RM-5.86 Million
2012 23.75% 17.66% 0.70x 1.92x RM14.52 Million
2013 17.48% 15.64% 0.68x 1.65x RM9.49 Million
2014 6.70% 7.73% 0.56x 1.54x RM-5.75 Million
2015 -22.68% -23.86% 0.51x 1.86x RM-44.18 Million
2016 -4.04% -3.56% 0.64x 1.78x RM-18.65 Million
2017 4.30% 5.06% 0.57x 1.50x RM-7.91 Million
2018 11.95% 10.64% 0.78x 1.44x RM3.15 Million
2019 4.12% 3.72% 0.70x 1.58x RM-9.42 Million
2020 14.71% 15.05% 0.64x 1.53x RM8.42 Million
2021 18.09% 24.97% 0.53x 1.37x RM17.65 Million
2022 22.65% 26.77% 0.50x 1.68x RM32.09 Million
2023 20.29% 17.48% 0.73x 1.58x RM30.34 Million
2024 9.98% 8.11% 0.81x 1.53x RM-63.60K

Industry Comparison

This section compares Redtone International Bhd's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $1,333,422,708
  • Average return on equity (ROE) among peers: -9.71%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Redtone International Bhd (0032) RM267.33 Million 8.20% 0.51x $21.72 Million
XOX Technology Bhd (0017) $21.77 Million -27.23% 1.17x $4.03 Million
Green Packet Bhd (0082) $349.33 Million -41.05% 1.73x $15.20 Million
mTouche Technology Bhd (0092) $66.42 Million -15.58% 0.26x $1.71 Million
M N C Wireless Bhd (0103) $78.09 Million -8.51% 0.12x $1.76 Million
XOX Bhd (0165) $233.64 Million -38.94% 0.48x $4.73 Million
OCK Group Bhd (0172) $724.93 Million 4.52% 1.27x $56.44 Million
Binasat Communications Bhd (0195) $70.99 Million 12.78% 0.26x $5.55 Million
Telekom Malaysia Bhd (4863) $7.33 Billion 12.22% 2.12x $5.06 Billion
TIME Dotcom Bhd (5031) $3.13 Billion 14.38% 0.34x $1.40 Billion