Elsoft Research Bhd
Elsoft Research Berhad researches, designs, develops, and manufactures automated test equipment, automation and industrial equipment, burn-in systems, and application specific embedded control systems for semiconductor, optoelectronics, and medical devices industries. The company offers embedded peripherals, industrial remote IO peripherals, motion control products, and industrial IO ISA and PCI … Read more
Elsoft Research Bhd (0090) - Net Assets
Latest net assets as of September 2025: RM110.94 Million MYR
Based on the latest financial reports, Elsoft Research Bhd (0090) has net assets worth RM110.94 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 (RM116.69 Million) and total liabilities (RM5.75 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 | RM110.94 Million |
| % of Total Assets | 95.07% |
| Annual Growth Rate | 4.04% |
| 5-Year Change | 7.19% |
| 10-Year Change | 30.92% |
| Growth Volatility | 10.71 |
Elsoft Research Bhd - Net Assets Trend (2004–2024)
This chart illustrates how Elsoft Research 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 Elsoft Research Bhd (2004–2024)
The table below shows the annual net assets of Elsoft Research Bhd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM109.00 Million | -18.90% |
| 2023-12-31 | RM134.41 Million | -3.25% |
| 2022-12-31 | RM138.93 Million | +27.84% |
| 2021-12-31 | RM108.67 Million | +6.86% |
| 2020-12-31 | RM101.70 Million | -4.66% |
| 2019-12-31 | RM106.66 Million | -5.55% |
| 2018-12-31 | RM112.93 Million | +11.78% |
| 2017-12-31 | RM101.03 Million | +2.86% |
| 2016-12-31 | RM98.22 Million | +17.97% |
| 2015-12-31 | RM83.26 Million | +13.15% |
| 2014-12-31 | RM73.58 Million | +21.17% |
| 2013-12-31 | RM60.73 Million | +9.71% |
| 2012-12-31 | RM55.35 Million | +9.50% |
| 2011-12-31 | RM50.55 Million | +6.58% |
| 2010-12-31 | RM47.43 Million | +4.86% |
| 2009-12-31 | RM45.23 Million | -0.35% |
| 2008-12-31 | RM45.39 Million | -1.79% |
| 2007-12-31 | RM46.22 Million | -3.76% |
| 2006-12-31 | RM48.02 Million | +6.43% |
| 2005-12-31 | RM45.12 Million | -8.58% |
| 2004-12-31 | RM49.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Elsoft Research 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 12941.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM59.34 Million | 54.44% |
| Common Stock | RM57.83 Million | 53.06% |
| Total Equity | RM109.00 Million | 100.00% |
Elsoft Research Bhd Competitors by Market Cap
The table below lists competitors of Elsoft Research Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Abliva AB (publ)
PINK:NEVPF
|
$11.77 Million |
|
SOC D'EXP VIOR
F:VL5
|
$11.78 Million |
|
Spencer's Retail Limited
NSE:SPENCERS
|
$11.78 Million |
|
DPSC Limited
NSE:DPSCLTD
|
$11.79 Million |
|
MANOLETE PARTNERS LS-004
F:2BE
|
$11.77 Million |
|
MCF Energy Ltd.
OTCGREY:MCFNF
|
$11.77 Million |
|
Multi Ways Holdings Ltd
NYSE MKT:MWG
|
$11.77 Million |
|
Pantaflix AG
XETRA:PAL
|
$11.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elsoft Research Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 134,410,301 to 109,003,000, a change of -25,407,301 (-18.9%).
- Net income of 2,156,000 contributed positively to equity growth.
- Dividend payments of 20,449,000 reduced retained earnings.
- Share repurchases of 7,114,000 reduced equity.
- Other comprehensive income decreased equity by 410,824.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM2.16 Million | +1.98% |
| Dividends Paid | RM20.45 Million | -18.76% |
| Share Repurchases | RM7.11 Million | -6.53% |
| Other Comprehensive Income | RM-410.82K | -0.38% |
| Other Changes | RM410.52K | +0.38% |
| Total Change | RM- | -18.90% |
Book Value vs Market Value Analysis
This analysis compares Elsoft Research 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: 1.62x
- 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 3.39x to 1.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | RM0.08 | RM0.26 | x |
| 2005-12-31 | RM0.07 | RM0.26 | x |
| 2006-12-31 | RM0.07 | RM0.26 | x |
| 2007-12-31 | RM0.07 | RM0.26 | x |
| 2008-12-31 | RM0.07 | RM0.26 | x |
| 2009-12-31 | RM0.07 | RM0.26 | x |
| 2010-12-31 | RM0.07 | RM0.26 | x |
| 2011-12-31 | RM0.08 | RM0.26 | x |
| 2012-12-31 | RM0.08 | RM0.26 | x |
| 2013-12-31 | RM0.09 | RM0.26 | x |
| 2014-12-31 | RM0.11 | RM0.26 | x |
| 2015-12-31 | RM0.13 | RM0.26 | x |
| 2016-12-31 | RM0.15 | RM0.26 | x |
| 2017-12-31 | RM0.15 | RM0.26 | x |
| 2018-12-31 | RM0.17 | RM0.26 | x |
| 2019-12-31 | RM0.16 | RM0.26 | x |
| 2020-12-31 | RM0.15 | RM0.26 | x |
| 2021-12-31 | RM0.16 | RM0.26 | x |
| 2022-12-31 | RM0.20 | RM0.26 | x |
| 2023-12-31 | RM0.20 | RM0.26 | x |
| 2024-12-31 | RM0.16 | RM0.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elsoft Research 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): 1.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.53%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.04x
- Recent ROE (1.98%) is below the historical average (18.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 23.19% | 41.99% | 0.45x | 1.22x | RM6.47 Million |
| 2005 | 37.86% | 50.78% | 0.68x | 1.10x | RM12.45 Million |
| 2006 | 26.83% | 53.87% | 0.47x | 1.06x | RM8.08 Million |
| 2007 | 15.06% | 46.47% | 0.30x | 1.08x | RM2.34 Million |
| 2008 | 14.66% | 40.50% | 0.35x | 1.04x | RM2.12 Million |
| 2009 | 3.61% | 27.76% | 0.13x | 1.02x | RM-2.89 Million |
| 2010 | 8.28% | 34.84% | 0.23x | 1.04x | RM-816.37K |
| 2011 | 9.77% | 39.03% | 0.24x | 1.05x | RM-116.90K |
| 2012 | 11.96% | 35.29% | 0.31x | 1.09x | RM1.08 Million |
| 2013 | 17.82% | 42.92% | 0.39x | 1.07x | RM4.75 Million |
| 2014 | 27.36% | 44.60% | 0.56x | 1.10x | RM12.77 Million |
| 2015 | 31.28% | 52.36% | 0.53x | 1.12x | RM17.72 Million |
| 2016 | 31.67% | 48.89% | 0.57x | 1.14x | RM21.28 Million |
| 2017 | 26.98% | 44.12% | 0.52x | 1.18x | RM17.15 Million |
| 2018 | 35.21% | 50.88% | 0.60x | 1.15x | RM28.47 Million |
| 2019 | 15.94% | 50.68% | 0.28x | 1.12x | RM6.34 Million |
| 2020 | 0.64% | 3.58% | 0.17x | 1.06x | RM-9.52 Million |
| 2021 | 10.08% | 37.53% | 0.24x | 1.10x | RM85.63K |
| 2022 | 30.93% | 152.94% | 0.19x | 1.09x | RM29.08 Million |
| 2023 | 5.23% | 43.70% | 0.11x | 1.04x | RM-6.42 Million |
| 2024 | 1.98% | 15.53% | 0.12x | 1.04x | RM-8.74 Million |
Industry Comparison
This section compares Elsoft Research Bhd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $348,273,545
- Average return on equity (ROE) among peers: 11.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elsoft Research Bhd (0090) | RM110.94 Million | 23.19% | 0.05x | $11.77 Million |
| ViTrox Corporation Bhd (0097) | $1.13 Billion | 11.75% | 0.36x | $604.35 Million |
| MMS Ventures Bhd (0113) | $61.33 Million | 12.36% | 0.13x | $4.05 Million |
| VisDynamics Holdings Bhd (0120) | $44.26 Million | 11.45% | 0.22x | $4.90 Million |
| JF Technology BHD (0146) | $134.18 Million | 2.65% | 0.13x | $32.65 Million |
| Inari Amertron Bhd (0166) | $1.38 Billion | 23.99% | 0.32x | $917.68 Million |
| Aemulus Holdings Bhd (0181) | $112.61 Million | 9.28% | 0.41x | $16.03 Million |
| TT Vision Holdings Berhad (0272) | $52.98 Million | 15.74% | 0.53x | $3.97 Million |
| Turiya Bhd (4359) | $122.62 Million | -2.15% | 0.44x | $2.05 Million |
| FoundPac Group Bhd (5277) | $96.01 Million | 16.73% | 0.12x | $15.24 Million |