Techfast Holdings Bhd (0084) - Net Assets
Based on the latest financial reports, Techfast Holdings Bhd (0084) has net assets worth RM77.83 Million MYR (≈ $19.54 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 (RM82.45 Million ≈ $20.70 Million USD) and total liabilities (RM4.63 Million ≈ $1.16 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 0084 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM77.83 Million |
| % of Total Assets | 94.39% |
| Annual Growth Rate | 17.6% |
| 5-Year Change | 138.7% |
| 10-Year Change | N/A |
| Growth Volatility | 59.75 |
Techfast Holdings Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Techfast Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 0084 total assets for the complete picture of this company's asset base.
Annual Net Assets for Techfast Holdings Bhd (2015–2024)
The table below shows the annual net assets of Techfast Holdings Bhd from 2015 to 2024. For live valuation and market cap data, see market value of Techfast Holdings Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM89.18 Million ≈ $22.39 Million |
-18.97% |
| 2023-12-31 | RM110.06 Million ≈ $27.63 Million |
-10.57% |
| 2022-12-31 | RM123.06 Million ≈ $30.90 Million |
+13.41% |
| 2021-12-31 | RM108.51 Million ≈ $27.24 Million |
+190.45% |
| 2020-12-31 | RM37.36 Million ≈ $9.38 Million |
+37.02% |
| 2019-12-31 | RM27.27 Million ≈ $6.85 Million |
+3.86% |
| 2018-12-31 | RM26.25 Million ≈ $6.59 Million |
+6.92% |
| 2017-12-31 | RM24.56 Million ≈ $6.17 Million |
+6.79% |
| 2016-12-31 | RM22.99 Million ≈ $5.77 Million |
+10.92% |
| 2015-12-31 | RM20.73 Million ≈ $5.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Techfast Holdings 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 1870.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM160.62 Million | 180.10% |
| Total Equity | RM89.18 Million | 100.00% |
Techfast Holdings Bhd Competitors by Market Cap
The table below lists competitors of Techfast Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BIRD RIVER RES. INC.
F:1Q1A
|
$4.55 Million |
|
Mainz Biomed N.V.
NASDAQ:QUCY
|
$4.55 Million |
|
ACG Acquisition Co. Ltd.
LSE:ACG
|
$4.55 Million |
|
CME Group Bhd
KLSE:7018
|
$4.55 Million |
|
Porvair plc
LSE:PRV
|
$4.54 Million |
|
iSpecimen Inc
NASDAQ:ISPC
|
$4.54 Million |
|
Azucar Minerals Ltd
V:AMZ
|
$4.54 Million |
|
Smooth Rock Ventures Corp
V:SMRV
|
$4.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Techfast Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 110,057,620 to 89,180,710, a change of -20,876,910 (-19.0%).
- Net loss of 20,522,620 reduced equity.
- Share repurchases of 19,375,310 reduced equity.
- New share issuances of 19,375,307 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-20.52 Million | -23.01% |
| Share Repurchases | RM19.38 Million | -21.73% |
| Share Issuances | RM19.38 Million | +21.73% |
| Other Changes | RM-354.29K | -0.4% |
| Total Change | RM- | -18.97% |
Book Value vs Market Value Analysis
This analysis compares Techfast Holdings 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: 0.19x
- 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 0.07x to 0.19x 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 | RM0.60 | RM0.04 | x |
| 2017-12-31 | RM0.63 | RM0.04 | x |
| 2018-12-31 | RM0.67 | RM0.04 | x |
| 2019-12-31 | RM0.70 | RM0.04 | x |
| 2020-12-31 | RM0.87 | RM0.04 | x |
| 2021-12-31 | RM1.09 | RM0.04 | x |
| 2022-12-31 | RM0.66 | RM0.04 | x |
| 2023-12-31 | RM0.47 | RM0.04 | x |
| 2024-12-31 | RM0.21 | RM0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Techfast Holdings 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): -23.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.79%
- • Asset Turnover: 3.64x
- • Equity Multiplier: 1.09x
- Recent ROE (-23.01%) is below the historical average (2.43%), 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 | 11.38% | 11.98% | 0.77x | 1.23x | RM285.29K |
| 2016 | 13.89% | 14.21% | 0.78x | 1.25x | RM893.31K |
| 2017 | 14.36% | 13.17% | 0.91x | 1.20x | RM1.07 Million |
| 2018 | 15.16% | 13.08% | 0.98x | 1.18x | RM1.35 Million |
| 2019 | 12.85% | 11.87% | 0.91x | 1.19x | RM778.22K |
| 2020 | 5.56% | 9.32% | 0.52x | 1.15x | RM-1.66 Million |
| 2021 | -5.23% | -3.24% | 1.42x | 1.14x | RM-16.53 Million |
| 2022 | -3.65% | -1.65% | 1.95x | 1.14x | RM-16.80 Million |
| 2023 | -16.97% | -4.65% | 3.10x | 1.18x | RM-29.69 Million |
| 2024 | -23.01% | -5.79% | 3.64x | 1.09x | RM-29.44 Million |
Industry Comparison
This section compares Techfast Holdings Bhd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $225,985,518
- Average return on equity (ROE) among peers: 1.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Techfast Holdings Bhd (0084) | RM77.83 Million | 11.38% | 0.06x | $4.54 Million |
| MQ Technology Bhd (0070) | $43.83 Million | -3.09% | 0.16x | $2.72 Million |
| Sanichi Technology Bhd (0133) | $259.22 Million | -6.15% | 0.10x | $2.89 Million |
| Chin Well Holdings Bhd (5007) | $448.00 Million | 9.15% | 0.27x | $51.63 Million |
| Tong Herr Resources Bhd (5010) | $589.36 Million | 0.98% | 0.11x | $61.28 Million |
| HPMT Holdings Bhd (5291) | $141.36 Million | 4.67% | 0.26x | $14.85 Million |
| MyTech Group Bhd (7692) | $34.89 Million | 5.72% | 0.11x | $16.07 Million |
| Jasa Kita Bhd (8648) | $65.24 Million | 0.95% | 0.07x | $22.57 Million |
About Techfast Holdings Bhd
Fast Energy Holdings Berhad, an investment holding company, engages in oil trading and bunkering services business in Malaysia. It operates through Oil Trading and Bunkering; Renewable Energy; and Smart Devices segments. The company provides marine supplies and service portfolio that includes marine bunkering, oil tanker carrier operations, marine lubricants, and marine oil trading. It also distr… Read more