Vortex Consolidated Bhd
Harvest Miracle Capital Berhad, an investment holding company, engages in the trading of information technology (IT) and information communication technology (ICT) related products and services in Malaysia, Japan, the United Kingdom, Singapore, Australia, Philippines, and Taiwan. It operates through eight segments: IT and ICT, Investment properties, Money lending, Plantation, Manufacturing, Inves… Read more
Vortex Consolidated Bhd (0060) - Net Assets
Latest net assets as of September 2025: RM428.56 Million MYR
Based on the latest financial reports, Vortex Consolidated Bhd (0060) has net assets worth RM428.56 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 (RM492.09 Million) and total liabilities (RM63.53 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 | RM428.56 Million |
| % of Total Assets | 87.09% |
| Annual Growth Rate | 23.07% |
| 5-Year Change | 134.26% |
| 10-Year Change | N/A |
| Growth Volatility | 24.85 |
Vortex Consolidated Bhd - Net Assets Trend (2016–2025)
This chart illustrates how Vortex Consolidated 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 Vortex Consolidated Bhd (2016–2025)
The table below shows the annual net assets of Vortex Consolidated Bhd from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM417.88 Million | +33.89% |
| 2024-03-31 | RM312.11 Million | +8.78% |
| 2023-03-31 | RM286.92 Million | +3.78% |
| 2022-03-31 | RM276.48 Million | +54.99% |
| 2021-03-31 | RM178.39 Million | +47.55% |
| 2020-03-31 | RM120.90 Million | +69.12% |
| 2019-03-31 | RM71.49 Million | +0.40% |
| 2018-03-31 | RM71.20 Million | +7.75% |
| 2017-03-31 | RM66.08 Million | +2.40% |
| 2016-03-31 | RM64.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vortex Consolidated 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 160.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM407.35 Million | 100.56% |
| Total Equity | RM405.07 Million | 100.00% |
Vortex Consolidated Bhd Competitors by Market Cap
The table below lists competitors of Vortex Consolidated Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arianne Phosphate Inc
OTCQX:DRRSF
|
$20.07 Million |
|
Neo Cremar Co. Ltd
KQ:311390
|
$20.07 Million |
|
American Realty Investors Inc
NYSE:ARL
|
$20.07 Million |
|
OUTLOOK THERAPEUTICS INC
NASDAQ:OTLK
|
$20.08 Million |
|
Hyungji Elite
KO:093240
|
$20.06 Million |
|
OnKure Therapeutics, Inc.
NASDAQ:OKUR
|
$20.06 Million |
|
Wealth First Portfolio Managers Limited
NSE:WEALTH
|
$20.05 Million |
|
Arribatec Solutions ASA
OL:ARR
|
$20.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vortex Consolidated Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 299,319,701 to 405,068,255, a change of 105,748,554 (35.3%).
- Net income of 7,775,049 contributed positively to equity growth.
- New share issuances of 98,971,732 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM7.78 Million | +1.92% |
| Share Issuances | RM98.97 Million | +24.43% |
| Other Changes | RM-998.23K | -0.25% |
| Total Change | RM- | 35.33% |
Book Value vs Market Value Analysis
This analysis compares Vortex Consolidated 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: 0.59x
- 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 increased from 0.16x to 0.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.90 | RM0.15 | x |
| 2018-03-31 | RM0.88 | RM0.15 | x |
| 2019-03-31 | RM0.88 | RM0.15 | x |
| 2020-03-31 | RM0.98 | RM0.15 | x |
| 2021-03-31 | RM0.52 | RM0.15 | x |
| 2022-03-31 | RM0.26 | RM0.15 | x |
| 2023-03-31 | RM0.36 | RM0.15 | x |
| 2024-03-31 | RM0.38 | RM0.15 | x |
| 2025-03-31 | RM0.25 | RM0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vortex Consolidated 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): 1.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.01%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.18x
- Recent ROE (1.92%) is above the historical average (-4.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -31.87% | -10.41% | 2.21x | 1.39x | RM-27.02 Million |
| 2017 | 2.35% | 1.14% | 1.55x | 1.33x | RM-5.06 Million |
| 2018 | 1.08% | 0.50% | 1.53x | 1.41x | RM-6.35 Million |
| 2019 | 0.40% | 0.18% | 1.53x | 1.43x | RM-6.86 Million |
| 2020 | -10.09% | -8.54% | 0.54x | 2.20x | RM-24.28 Million |
| 2021 | -6.38% | -6.13% | 0.59x | 1.78x | RM-29.22 Million |
| 2022 | 2.04% | 3.34% | 0.45x | 1.35x | RM-22.02 Million |
| 2023 | -2.90% | -6.25% | 0.32x | 1.44x | RM-36.94 Million |
| 2024 | 0.80% | 2.64% | 0.27x | 1.14x | RM-27.55 Million |
| 2025 | 1.92% | 6.01% | 0.27x | 1.18x | RM-32.73 Million |
Industry Comparison
This section compares Vortex Consolidated Bhd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $70,566,574
- Average return on equity (ROE) among peers: 0.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vortex Consolidated Bhd (0060) | RM428.56 Million | -31.87% | 0.15x | $20.06 Million |
| NetX Holdings Bhd (0020) | $126.46 Million | -12.36% | 0.27x | $4.06 Million |
| Metronic Global Bhd (0043) | $117.53 Million | -17.40% | 0.38x | $1.70 Million |
| NCT Alliance Bhd (0056) | $74.47 Million | 10.52% | 0.38x | $62.35 Million |
| Lyc Healthcare Bhd (0075) | $9.20 Million | -21.64% | 1.46x | $1.11 Million |
| Aldrich Resources Bhd (0079) | $22.35 Million | -5.12% | 0.36x | $2.20 Million |
| Rexit Bhd (0106) | $40.70 Million | 23.38% | 0.11x | $4.95 Million |
| Privasia Technology Bhd (0123) | $80.44 Million | 0.14% | 0.68x | $4.58 Million |
| Microlink Solutions Bhd (0126) | $119.48 Million | 26.58% | 0.72x | $15.73 Million |
| Diversified Gateway Solutions Bhd (0131) | $44.48 Million | 0.94% | 0.92x | $6.51 Million |