Vsolar Group Bhd (0066) - Net Assets
Based on the latest financial reports, Vsolar Group Bhd (0066) has net assets worth RM98.17 Million MYR (≈ $24.65 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 (RM102.90 Million ≈ $25.83 Million USD) and total liabilities (RM4.73 Million ≈ $1.19 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 asset resilience ratio of Vsolar Group Bhd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM98.17 Million |
| % of Total Assets | 95.4% |
| Annual Growth Rate | 19.54% |
| 5-Year Change | -4.2% |
| 10-Year Change | 561.0% |
| Growth Volatility | 195.74 |
Vsolar Group Bhd - Net Assets Trend (2015–2025)
This chart illustrates how Vsolar Group Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Vsolar Group Bhd total assets for the complete picture of this company's asset base.
Annual Net Assets for Vsolar Group Bhd (2015–2025)
The table below shows the annual net assets of Vsolar Group Bhd from 2015 to 2025. For live valuation and market cap data, see 0066 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM98.17 Million ≈ $24.65 Million |
-18.80% |
| 2024-06-30 | RM120.90 Million ≈ $30.35 Million |
+32.18% |
| 2023-06-30 | RM91.47 Million ≈ $22.96 Million |
-14.01% |
| 2022-06-30 | RM106.37 Million ≈ $26.71 Million |
+3.81% |
| 2021-06-30 | RM102.47 Million ≈ $25.73 Million |
+649.29% |
| 2020-06-30 | RM13.68 Million ≈ $3.43 Million |
-9.26% |
| 2019-06-30 | RM15.07 Million ≈ $3.78 Million |
-9.27% |
| 2018-06-30 | RM16.61 Million ≈ $4.17 Million |
-0.69% |
| 2017-06-30 | RM16.72 Million ≈ $4.20 Million |
+12.62% |
| 2016-06-30 | RM14.85 Million ≈ $3.73 Million |
-9.86% |
| 2015-06-30 | RM16.48 Million ≈ $4.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vsolar Group 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 2281745000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM5.77 Million | 5.87% |
| Common Stock | RM92.40 Million | 94.13% |
| Total Equity | RM98.17 Million | 100.00% |
Vsolar Group Bhd Competitors by Market Cap
The table below lists competitors of Vsolar Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ronin Resources Ltd
AU:RON
|
$5.00 Million |
|
Rathdowney Resources Ltd
V:RTH
|
$5.00 Million |
|
Nitro Games Oyj
ST:NITRO
|
$5.00 Million |
|
Co-Diagnostics, Inc. Common Stock
NASDAQ:CODX
|
$5.01 Million |
|
MEMPHASYS LTD
F:IG7
|
$4.99 Million |
|
Rovsing A/S
CO:ROV
|
$4.99 Million |
|
Austchina Holdings Ltd
AU:AUH
|
$4.99 Million |
|
Prime Dividend Corp
TO:PDV
|
$4.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vsolar Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 120,897,940 to 98,166,560, a change of -22,731,380 (-18.8%).
- Net loss of 23,314,380 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-23.31 Million | -23.75% |
| Other Changes | RM583.00K | +0.59% |
| Total Change | RM- | -18.80% |
Book Value vs Market Value Analysis
This analysis compares Vsolar Group 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: 0.20x
- 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 1.28x to 0.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM0.03 | RM0.04 | x |
| 2017-06-30 | RM0.03 | RM0.04 | x |
| 2018-06-30 | RM0.03 | RM0.04 | x |
| 2019-06-30 | RM0.03 | RM0.04 | x |
| 2020-06-30 | RM1.00 | RM0.04 | x |
| 2021-06-30 | RM0.84 | RM0.04 | x |
| 2022-06-30 | RM0.66 | RM0.04 | x |
| 2023-06-30 | RM0.57 | RM0.04 | x |
| 2024-06-30 | RM0.24 | RM0.04 | x |
| 2025-06-30 | RM0.20 | RM0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vsolar Group 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): -23.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -124.31%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.05x
- Recent ROE (-23.75%) is below the historical average (-22.39%), 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 | -20.81% | -221.96% | 0.09x | 1.03x | RM-5.08 Million |
| 2016 | -53.71% | -304.64% | 0.16x | 1.10x | RM-9.46 Million |
| 2017 | -22.13% | -215.65% | 0.10x | 1.05x | RM-5.37 Million |
| 2018 | -9.76% | -75.23% | 0.12x | 1.04x | RM-3.28 Million |
| 2019 | -10.21% | -51.49% | 0.18x | 1.08x | RM-3.05 Million |
| 2020 | -28.48% | -140.00% | 0.17x | 1.20x | RM-5.26 Million |
| 2021 | -33.81% | -448.32% | 0.07x | 1.02x | RM-44.89 Million |
| 2022 | -24.77% | -256.29% | 0.09x | 1.05x | RM-36.98 Million |
| 2023 | -16.26% | -166.19% | 0.09x | 1.10x | RM-24.01 Million |
| 2024 | -2.63% | -27.76% | 0.09x | 1.02x | RM-15.27 Million |
| 2025 | -23.75% | -124.31% | 0.18x | 1.05x | RM-33.13 Million |
Industry Comparison
This section compares Vsolar Group Bhd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $68,842,537
- Average return on equity (ROE) among peers: 4.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vsolar Group Bhd (0066) | RM98.17 Million | -20.81% | 0.05x | $4.99 Million |
| Pineapple Resources Bhd (0006) | $26.14 Million | 0.09% | 0.10x | $10.29 Million |
| Artroniq Berhad (0038) | $42.49 Million | -18.43% | 1.22x | $15.77 Million |
| YGL Convergence Bhd (0086) | $19.02 Million | -1.73% | 0.16x | $5.15 Million |
| QES Group Bhd (0196) | $46.53 Million | 32.29% | 1.44x | $89.94 Million |
| Radiant Globaltech Bhd (0202) | $58.62 Million | 5.11% | 0.26x | $32.78 Million |
| Aco Group Bhd (0218) | $92.10 Million | 3.28% | 0.72x | $13.95 Million |
| SNS (0259) | $43.34 Million | 17.96% | 3.17x | $197.74 Million |
| Marco Holdings Bhd (3514) | $190.65 Million | 7.23% | 0.07x | $26.47 Million |
| Compugates Holdings Bhd (5037) | $100.70 Million | -7.10% | 0.70x | $22.79 Million |
About Vsolar Group Bhd
Vsolar Group Berhad, an investment holding company, engages in renewable energy, media publishing, software solutions, and production house businesses primarily in Malaysia. The company operates through Trading, Solar Energy, and Others segments. It is involved in the design and development of business application software; sale of software and maintenance services; and advertising and publicatio… Read more