Tex Cycle Technology M Bhd
Tex Cycle Technology (M) Berhad, an investment holding company, engages in the recovery and recycling of scheduled waste in Malaysia. It operates through Investment Holding, Recovery and Recycling Services, Rental of Investment Property, Trading, Renewable Energy, and Others segments. The company manufactures and markets chemical products; rents investment properties and recycled products; and tr… Read more
Tex Cycle Technology M Bhd (0089) - Net Assets
Latest net assets as of September 2025: RM193.76 Million MYR
Based on the latest financial reports, Tex Cycle Technology M Bhd (0089) has net assets worth RM193.76 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 (RM304.72 Million) and total liabilities (RM110.96 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 | RM193.76 Million |
| % of Total Assets | 63.59% |
| Annual Growth Rate | 10.33% |
| 5-Year Change | 71.49% |
| 10-Year Change | N/A |
| Growth Volatility | 9.63 |
Tex Cycle Technology M Bhd - Net Assets Trend (2016–2024)
This chart illustrates how Tex Cycle Technology M 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 Tex Cycle Technology M Bhd (2016–2024)
The table below shows the annual net assets of Tex Cycle Technology M Bhd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM186.33 Million | +34.52% |
| 2023-12-31 | RM138.51 Million | +12.56% |
| 2022-12-31 | RM123.06 Million | +7.11% |
| 2021-12-31 | RM114.89 Million | +5.74% |
| 2020-12-31 | RM108.65 Million | +2.93% |
| 2019-12-31 | RM105.56 Million | +3.90% |
| 2018-12-31 | RM101.60 Million | +6.01% |
| 2017-12-31 | RM95.83 Million | +12.94% |
| 2016-12-31 | RM84.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tex Cycle Technology M 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 88.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM129.75 Million | 69.64% |
| Common Stock | RM57.63 Million | 30.93% |
| Total Equity | RM186.33 Million | 100.00% |
Tex Cycle Technology M Bhd Competitors by Market Cap
The table below lists competitors of Tex Cycle Technology M Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Focus Lighting and Fixtures Limited
NSE:FOCUS
|
$25.59 Million |
|
The Children's Place Inc
F:CP5
|
$25.60 Million |
|
Plastiques du Val de Loire
PA:PVL
|
$25.60 Million |
|
Seowon
KO:021050
|
$25.62 Million |
|
Dusk Group Ltd
AU:DSK
|
$25.59 Million |
|
Aplex Technology
TWO:6570
|
$25.59 Million |
|
Power Master II Holdings. Co., Ltd.
TWO:6839
|
$25.59 Million |
|
360350
KQ:360350
|
$25.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tex Cycle Technology M Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 138,513,440 to 186,328,310, a change of 47,814,870 (34.5%).
- Net income of 16,628,570 contributed positively to equity growth.
- Share repurchases of 31,250,000 reduced equity.
- New share issuances of 31,250,000 increased equity.
- Other factors increased equity by 31,186,300.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM16.63 Million | +8.92% |
| Share Repurchases | RM31.25 Million | -16.77% |
| Share Issuances | RM31.25 Million | +16.77% |
| Other Changes | RM31.19 Million | +16.74% |
| Total Change | RM- | 34.52% |
Book Value vs Market Value Analysis
This analysis compares Tex Cycle Technology M 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: 1.66x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.31x to 1.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.34 | RM1.11 | x |
| 2017-12-31 | RM0.38 | RM1.11 | x |
| 2018-12-31 | RM0.40 | RM1.11 | x |
| 2019-12-31 | RM0.42 | RM1.11 | x |
| 2020-12-31 | RM0.43 | RM1.11 | x |
| 2021-12-31 | RM0.45 | RM1.11 | x |
| 2022-12-31 | RM0.49 | RM1.11 | x |
| 2023-12-31 | RM0.55 | RM1.11 | x |
| 2024-12-31 | RM0.67 | RM1.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tex Cycle Technology M 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): 8.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.94%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.26x
- Recent ROE (8.92%) is above the historical average (8.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 17.89% | 47.90% | 0.34x | 1.09x | RM6.69 Million |
| 2017 | 13.41% | 35.49% | 0.32x | 1.19x | RM3.26 Million |
| 2018 | 7.63% | 20.90% | 0.31x | 1.18x | RM-2.41 Million |
| 2019 | 4.71% | 16.28% | 0.25x | 1.15x | RM-5.58 Million |
| 2020 | 3.06% | 14.00% | 0.19x | 1.13x | RM-7.54 Million |
| 2021 | 5.42% | 21.66% | 0.22x | 1.13x | RM-5.26 Million |
| 2022 | 7.63% | 29.85% | 0.20x | 1.31x | RM-2.91 Million |
| 2023 | 11.18% | 44.14% | 0.20x | 1.29x | RM1.64 Million |
| 2024 | 8.92% | 45.94% | 0.15x | 1.26x | RM-2.00 Million |
Industry Comparison
This section compares Tex Cycle Technology M Bhd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $256,593,342
- Average return on equity (ROE) among peers: 6.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tex Cycle Technology M Bhd (0089) | RM193.76 Million | 17.89% | 0.57x | $25.59 Million |
| JAG Bhd (0024) | $220.36 Million | 8.69% | 0.23x | $14.04 Million |
| Progressive Impact Corporation Bhd (7201) | $80.23 Million | 2.41% | 1.04x | $1.79 Million |
| Taliworks Corporation Bhd (8524) | $314.33 Million | 11.34% | 0.12x | $61.16 Million |
| Salcon Engineering Berhad (8567) | $411.45 Million | 3.92% | 0.61x | $26.05 Million |