Tex Cycle Technology M Bhd Net Assets
Tex Cycle Technology M Bhd net assets. Based on the latest financial reports, Tex Cycle Technology M Bhd (0089) has net assets worth RM195.74 Million MYR (≈ $49.14 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM287.56 Million ≈ $72.20 Million USD) and total liabilities (RM91.82 Million ≈ $23.05 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. See 0089 net asset quality score to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM195.74 Million |
| % of Total Assets | 68.07% |
| Annual Growth Rate | 9.47% |
| 5-Year Change | 66.72% |
| 10-Year Change | N/A |
| Growth Volatility | 9.41 |
Net Assets of Tex Cycle Technology M Bhd (2016–2025)
Net assets of Tex Cycle Technology M Bhd from 2016 to 2025. This chart illustrates how Tex Cycle Technology M Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 0089 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Tex Cycle Technology M Bhd (2016–2025)
The table below shows the annual net assets of Tex Cycle Technology M Bhd from 2016 to 2025. For live market cap and overall valuation, see Tex Cycle Technology M Bhd (0089) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM191.55 Million ≈ $48.09 Million |
+2.80% |
| 2024-12-31 | RM186.33 Million ≈ $46.78 Million |
+34.52% |
| 2023-12-31 | RM138.51 Million ≈ $34.78 Million |
+12.56% |
| 2022-12-31 | RM123.06 Million ≈ $30.90 Million |
+7.11% |
| 2021-12-31 | RM114.89 Million ≈ $28.85 Million |
+5.74% |
| 2020-12-31 | RM108.65 Million ≈ $27.28 Million |
+2.93% |
| 2019-12-31 | RM105.56 Million ≈ $26.50 Million |
+3.90% |
| 2018-12-31 | RM101.60 Million ≈ $25.51 Million |
+6.01% |
| 2017-12-31 | RM95.83 Million ≈ $24.06 Million |
+12.94% |
| 2016-12-31 | RM84.86 Million ≈ $21.30 Million |
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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 118.7% over the analyzed period, indicating profitable operations and earnings retention.
Tex Cycle Technology M Bhd Net Assets Breakdown (December 2025)
Tex Cycle Technology M Bhd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM150.46 Million | 78.55% |
| Common Stock | RM57.63 Million | 30.09% |
| Total Equity | RM191.55 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 |
|---|---|
|
Hindustan Composites Limited
NSE:HINDCOMPOS
|
$58.62 Million |
|
Hyungji Elite
KO:093240
|
$58.62 Million |
|
Aldoro Resources Ltd
AU:ARN
|
$58.62 Million |
|
Maan Aluminium Limited
NSE:MAANALU
|
$58.63 Million |
|
Multi Retail Group Ltd
TA:MRG
|
$58.60 Million |
|
AmFIRST Real Estate Investment Trust
KLSE:5120
|
$58.59 Million |
|
Harbour Energy PLC
LSE:HBR
|
$58.54 Million |
|
Mercor S.A.
WAR:MCR
|
$58.53 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 2024 to 2025, total equity changed from 186,328,310 to 191,551,000, a change of 5,222,690 (2.8%).
- Net income of 20,712,000 contributed positively to equity growth.
- Share repurchases of 15,491,316 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM20.71 Million | +10.81% |
| Share Repurchases | RM15.49 Million | -8.09% |
| Other Changes | RM2.01K | +0.0% |
| Total Change | RM- | 2.80% |
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: 1.21x
- 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 2.63x to 1.21x 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 | RM0.88 | x |
| 2017-12-31 | RM0.38 | RM0.88 | x |
| 2018-12-31 | RM0.40 | RM0.88 | x |
| 2019-12-31 | RM0.42 | RM0.88 | x |
| 2020-12-31 | RM0.43 | RM0.88 | x |
| 2021-12-31 | RM0.45 | RM0.88 | x |
| 2022-12-31 | RM0.49 | RM0.88 | x |
| 2023-12-31 | RM0.55 | RM0.88 | x |
| 2024-12-31 | RM0.67 | RM0.88 | x |
| 2025-12-31 | RM0.73 | RM0.88 | 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): 10.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.93%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.54x
- Recent ROE (10.81%) is above the historical average (9.07%), 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 |
| 2025 | 10.81% | 35.93% | 0.20x | 1.54x | RM1.56 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: $452,262,328
- Average return on equity (ROE) among peers: 2.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tex Cycle Technology M Bhd (0089) | RM195.74 Million | 17.89% | 0.47x | $58.61 Million |
| JAG Bhd (0024) | $124.26 Million | 1.62% | 0.25x | $66.27 Million |
| Progressive Impact Corporation Bhd (7201) | $80.39 Million | 0.56% | 0.95x | $9.05 Million |
| Taliworks Corporation Bhd (8524) | $962.41 Million | 7.60% | 0.76x | $121.47 Million |
| Salcon Engineering Berhad (8567) | $642.00 Million | 0.78% | 0.48x | $58.43 Million |
About 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 trade chemical products; rents investment properties; and recycled products. It also… Read more