M N C Wireless Bhd
M N C Wireless Berhad, an investment holding company, engages in the research, development, sale, and marketing of wireless, mobile, and multimedia solutions and content in Malaysia. It operates through Mobile Applications; Wireless and Multimedia Related Services; and Others segments. The company is also involved in the consultation, sale, marketing, and implementation of m-business solutions; a… Read more
M N C Wireless Bhd (0103) - Net Assets
Latest net assets as of September 2025: RM55.28 Million MYR
Based on the latest financial reports, M N C Wireless Bhd (0103) has net assets worth RM55.28 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 (RM64.08 Million) and total liabilities (RM8.80 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 | RM55.28 Million |
| % of Total Assets | 86.26% |
| Annual Growth Rate | 23.67% |
| 5-Year Change | -33.59% |
| 10-Year Change | 65.09% |
| Growth Volatility | 167.49 |
M N C Wireless Bhd - Net Assets Trend (2014–2025)
This chart illustrates how M N C Wireless 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 M N C Wireless Bhd (2014–2025)
The table below shows the annual net assets of M N C Wireless Bhd from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM56.28 Million | -12.23% |
| 2024-12-31 | RM64.12 Million | -8.19% |
| 2023-12-31 | RM69.84 Million | -10.57% |
| 2022-12-31 | RM78.09 Million | -7.84% |
| 2021-12-31 | RM84.74 Million | -8.79% |
| 2020-12-31 | RM92.90 Million | +15.29% |
| 2019-12-31 | RM80.58 Million | +113.76% |
| 2018-12-31 | RM37.70 Million | -6.27% |
| 2017-12-31 | RM40.22 Million | +17.99% |
| 2016-12-31 | RM34.09 Million | +578.45% |
| 2015-12-31 | RM5.02 Million | -7.58% |
| 2014-12-31 | RM5.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to M N C Wireless 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 6916130000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM126.62 Million | 225.00% |
| Other Components | RM6.07 Million | 10.79% |
| Total Equity | RM56.28 Million | 100.00% |
M N C Wireless Bhd Competitors by Market Cap
The table below lists competitors of M N C Wireless Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Clean Energy Holdings
OTCQB:GCEH
|
$1.76 Million |
|
Mojo Organics Inc.
OTCQB:MOJO
|
$1.76 Million |
|
Hypebeast Limited
PINK:HYPPF
|
$1.76 Million |
|
Nevis Brands Inc.
OTCQB:NEVIF
|
$1.76 Million |
|
Realstone (RSF)
SW:RSPF
|
$1.76 Million |
|
Tungray Technologies Inc Class A Ordinary Shares
NASDAQ:TRSG
|
$1.76 Million |
|
Delta Manufacturing Limited
NSE:DELTAMAGNT
|
$1.76 Million |
|
Sik Cheong Berhad
KLSE:0316
|
$1.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in M N C Wireless Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 64,120,000 to 56,275,040, a change of -7,844,960 (-12.2%).
- Net loss of 11,603,330 reduced equity.
- Share repurchases of 69,670 reduced equity.
- New share issuances of 460,948 increased equity.
- Other factors increased equity by 3,367,092.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-11.60 Million | -20.62% |
| Share Repurchases | RM69.67K | -0.12% |
| Share Issuances | RM460.95K | +0.82% |
| Other Changes | RM3.37 Million | +5.98% |
| Total Change | RM- | -12.23% |
Book Value vs Market Value Analysis
This analysis compares M N C Wireless 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: 0.27x
- 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 0.27x 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 | RM0.90 | RM0.07 | x |
| 2017-12-31 | RM0.84 | RM0.07 | x |
| 2018-12-31 | RM0.79 | RM0.07 | x |
| 2019-12-31 | RM0.71 | RM0.07 | x |
| 2020-12-31 | RM0.53 | RM0.07 | x |
| 2021-12-31 | RM0.37 | RM0.07 | x |
| 2022-12-31 | RM0.34 | RM0.07 | x |
| 2023-12-31 | RM0.30 | RM0.07 | x |
| 2024-12-31 | RM0.27 | RM0.07 | x |
| 2025-12-31 | RM0.24 | RM0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently M N C Wireless 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): -20.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -49.97%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.15x
- Recent ROE (-20.62%) is below the historical average (-10.26%), 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 | -7.76% | -1.92% | 1.46x | 2.76x | RM-892.20K |
| 2016 | 0.92% | 1.83% | 0.42x | 1.20x | RM-3.10 Million |
| 2017 | -1.74% | -4.28% | 0.35x | 1.16x | RM-4.72 Million |
| 2018 | -9.00% | -12.33% | 0.62x | 1.18x | RM-7.16 Million |
| 2019 | -5.07% | -20.37% | 0.21x | 1.16x | RM-12.14 Million |
| 2020 | -19.13% | -83.70% | 0.21x | 1.11x | RM-27.07 Million |
| 2021 | -20.60% | -116.17% | 0.16x | 1.13x | RM-25.93 Million |
| 2022 | -8.51% | -53.43% | 0.14x | 1.12x | RM-14.45 Million |
| 2023 | -12.35% | -60.96% | 0.17x | 1.21x | RM-15.61 Million |
| 2024 | -9.03% | -33.54% | 0.20x | 1.34x | RM-12.20 Million |
| 2025 | -20.62% | -49.97% | 0.36x | 1.15x | RM-17.23 Million |
Industry Comparison
This section compares M N C Wireless Bhd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,354,449,424
- Average return on equity (ROE) among peers: -7.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| M N C Wireless Bhd (0103) | RM55.28 Million | -7.76% | 0.16x | $1.76 Million |
| XOX Technology Bhd (0017) | $21.77 Million | -27.23% | 1.17x | $4.03 Million |
| Redtone International Bhd (0032) | $267.33 Million | 9.85% | 0.51x | $21.72 Million |
| Green Packet Bhd (0082) | $349.33 Million | -41.05% | 1.73x | $15.20 Million |
| mTouche Technology Bhd (0092) | $66.42 Million | -15.58% | 0.26x | $1.71 Million |
| XOX Bhd (0165) | $233.64 Million | -38.94% | 0.48x | $4.73 Million |
| OCK Group Bhd (0172) | $724.93 Million | 4.52% | 1.27x | $56.44 Million |
| Binasat Communications Bhd (0195) | $70.99 Million | 12.78% | 0.26x | $5.55 Million |
| Telekom Malaysia Bhd (4863) | $7.33 Billion | 12.22% | 2.12x | $5.06 Billion |
| TIME Dotcom Bhd (5031) | $3.13 Billion | 14.38% | 0.34x | $1.40 Billion |