N2N Connect Bhd (0108) - Net Assets
Based on the latest financial reports, N2N Connect Bhd (0108) has net assets worth RM249.30 Million MYR (≈ $62.59 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 (RM276.19 Million ≈ $69.34 Million USD) and total liabilities (RM26.89 Million ≈ $6.75 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 0108 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM249.30 Million |
| % of Total Assets | 90.26% |
| Annual Growth Rate | 4.43% |
| 5-Year Change | -4.2% |
| 10-Year Change | N/A |
| Growth Volatility | 11.58 |
N2N Connect Bhd - Net Assets Trend (2016–2024)
This chart illustrates how N2N Connect Bhd's net assets have evolved over time, based on quarterly financial data. Also explore N2N Connect Bhd assets under control for the complete picture of this company's asset base.
Annual Net Assets for N2N Connect Bhd (2016–2024)
The table below shows the annual net assets of N2N Connect Bhd from 2016 to 2024. For live valuation and market cap data, see N2N Connect Bhd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM252.26 Million ≈ $63.33 Million |
-14.13% |
| 2023-12-31 | RM293.76 Million ≈ $73.75 Million |
+3.17% |
| 2022-12-31 | RM284.73 Million ≈ $71.49 Million |
+6.42% |
| 2021-12-31 | RM267.55 Million ≈ $67.17 Million |
+1.61% |
| 2020-12-31 | RM263.32 Million ≈ $66.11 Million |
+2.70% |
| 2019-12-31 | RM256.41 Million ≈ $64.38 Million |
+3.21% |
| 2018-12-31 | RM248.43 Million ≈ $62.37 Million |
+31.08% |
| 2017-12-31 | RM189.52 Million ≈ $47.58 Million |
+6.24% |
| 2016-12-31 | RM178.39 Million ≈ $44.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to N2N Connect 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 45.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM10.76 Million | 4.27% |
| Common Stock | RM243.67 Million | 96.59% |
| Total Equity | RM252.26 Million | 100.00% |
N2N Connect Bhd Competitors by Market Cap
The table below lists competitors of N2N Connect Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CORESTATE Capital Holding S.A
XETRA:CCAP
|
$44.86 Million |
|
Arianne Phosphate Inc
V:DAN
|
$44.88 Million |
|
Shuang-Bang Industrial
TWO:6506
|
$44.89 Million |
|
Nextcom
TA:NXTM
|
$44.90 Million |
|
Investment and Trading of Real Estate JSC
VN:ITC
|
$44.83 Million |
|
European Metals Holdings Ltd
AU:EMH
|
$44.77 Million |
|
Globon Co. Ltd
KQ:019660
|
$44.74 Million |
|
Claranova SE
PA:CLA
|
$44.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in N2N Connect Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 293,764,720 to 252,258,460, a change of -41,506,260 (-14.1%).
- Net loss of 26,172,610 reduced equity.
- Dividend payments of 11,164,080 reduced retained earnings.
- Other factors decreased equity by 4,169,570.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-26.17 Million | -10.38% |
| Dividends Paid | RM11.16 Million | -4.43% |
| Other Changes | RM-4.17 Million | -1.65% |
| Total Change | RM- | -14.13% |
Book Value vs Market Value Analysis
This analysis compares N2N Connect 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: 0.71x
- 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 decreased from 0.84x to 0.71x 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 | RM0.38 | RM0.32 | x |
| 2017-12-31 | RM0.40 | RM0.32 | x |
| 2018-12-31 | RM0.44 | RM0.32 | x |
| 2019-12-31 | RM0.46 | RM0.32 | x |
| 2020-12-31 | RM0.47 | RM0.32 | x |
| 2021-12-31 | RM0.48 | RM0.32 | x |
| 2022-12-31 | RM0.51 | RM0.32 | x |
| 2023-12-31 | RM0.53 | RM0.32 | x |
| 2024-12-31 | RM0.45 | RM0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently N2N Connect 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): -10.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.29%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.10x
- Recent ROE (-10.38%) is below the historical average (5.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.58% | 28.09% | 0.22x | 1.07x | RM-6.09 Million |
| 2017 | 12.65% | 24.65% | 0.34x | 1.49x | RM5.03 Million |
| 2018 | 5.30% | 12.17% | 0.35x | 1.23x | RM-11.69 Million |
| 2019 | 6.12% | 14.93% | 0.35x | 1.19x | RM-9.95 Million |
| 2020 | 10.29% | 24.11% | 0.38x | 1.13x | RM763.38K |
| 2021 | 8.20% | 18.96% | 0.40x | 1.08x | RM-4.81 Million |
| 2022 | 6.19% | 17.11% | 0.33x | 1.08x | RM-10.85 Million |
| 2023 | 4.79% | 13.36% | 0.32x | 1.10x | RM-15.32 Million |
| 2024 | -10.38% | -24.29% | 0.39x | 1.10x | RM-51.40 Million |
Industry Comparison
This section compares N2N Connect Bhd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $92,192,564
- Average return on equity (ROE) among peers: -24.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| N2N Connect Bhd (0108) | RM249.30 Million | 6.58% | 0.11x | $44.85 Million |
| IFCA MSC Bhd (0023) | $124.50 Million | 13.95% | 0.33x | $33.88 Million |
| Nova MSC Bhd (0026) | $51.73 Million | -19.08% | 0.36x | $29.73 Million |
| MMAG Holdings Bhd (0034) | $376.25 Million | -6.02% | 1.13x | $14.57 Million |
| Systech Bhd (0050) | $25.96 Million | -83.40% | 0.45x | $34.61 Million |
| Cuscapi Berhad (0051) | $96.79 Million | -22.29% | 0.22x | $22.54 Million |
| Excel Force MSC Bhd (0065) | $35.83 Million | 14.96% | 0.07x | $24.50 Million |
| Appasia Bhd (0119) | $10.04 Million | -68.22% | 0.17x | $38.08 Million |
| DGB Asia Bhd (0152) | $41.54 Million | -41.13% | 0.06x | $2.49 Million |
| iDimension Consolidated Bhd (0174) | $67.07 Million | -11.02% | 1.58x | $4.51 Million |
About N2N Connect Bhd
N2N Connect Berhad, an investment holding company, engages in the research and development of software packages in Malaysia, Hong Kong, China, and internationally. The company offers design, programming, consultancy, sales, marketing, and related services. It also provides Asia E-Broker, a trading platform; Asia Trading Hub, a network of brokers from across the region that are inter-connected thr… Read more