Mikro MSC Bhd
Mikro MSC Berhad, together with its subsidiaries, engages in the research, design, development, manufacture, and sale of analogue, digital, and computer controlled electronic systems or devices. It offers combined overcurrent and earth fault, earth leakage, voltage, reserve power, and motor protection relays; and earth leakage systems, power factor regulators, annunciators, capacitors and reactor… Read more
Mikro MSC Bhd (0112) - Net Assets
Latest net assets as of September 2025: RM284.01 Million MYR
Based on the latest financial reports, Mikro MSC Bhd (0112) has net assets worth RM284.01 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 (RM305.46 Million) and total liabilities (RM21.44 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 | RM284.01 Million |
| % of Total Assets | 92.98% |
| Annual Growth Rate | 20.43% |
| 5-Year Change | 176.66% |
| 10-Year Change | N/A |
| Growth Volatility | 26.57 |
Mikro MSC Bhd - Net Assets Trend (2016–2025)
This chart illustrates how Mikro MSC 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 Mikro MSC Bhd (2016–2025)
The table below shows the annual net assets of Mikro MSC Bhd from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM281.35 Million | +17.61% |
| 2024-06-30 | RM239.23 Million | +77.21% |
| 2023-06-30 | RM135.00 Million | +26.76% |
| 2022-06-30 | RM106.50 Million | +4.73% |
| 2021-06-30 | RM101.69 Million | +4.81% |
| 2020-06-30 | RM97.03 Million | +62.47% |
| 2019-06-30 | RM59.72 Million | +1.14% |
| 2018-06-30 | RM59.05 Million | -0.63% |
| 2017-06-30 | RM59.42 Million | +12.51% |
| 2016-06-30 | RM52.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mikro MSC 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 258.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM79.60 Million | 28.33% |
| Other Components | RM201.42 Million | 71.67% |
| Total Equity | RM281.02 Million | 100.00% |
Mikro MSC Bhd Competitors by Market Cap
The table below lists competitors of Mikro MSC Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JLS Co.Ltd
KQ:040420
|
$33.95 Million |
|
Aura FAT Projects Acquisition Corp Class A Ordinary Shares
NASDAQ:AFAR
|
$33.95 Million |
|
Marga Abhinaya Abadi Tbk PT
JK:MABA
|
$33.96 Million |
|
ZAKLAD.CHEMIC.POLICE ZY10
F:697
|
$33.96 Million |
|
PT Buana Artha Anugerah Tbk
JK:STAR
|
$33.93 Million |
|
BLUEJAY MINING LS -0001
F:S5WA
|
$33.93 Million |
|
GFG Resources Inc
OTCQB:GFGSF
|
$33.92 Million |
|
Junee Limited Ordinary Shares
NASDAQ:JUNE
|
$33.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mikro MSC Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 239,230,910 to 281,017,886, a change of 41,786,976 (17.5%).
- Net income of 11,790,731 contributed positively to equity growth.
- Other factors increased equity by 29,996,245.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM11.79 Million | +4.2% |
| Other Changes | RM30.00 Million | +10.67% |
| Total Change | RM- | 17.47% |
Book Value vs Market Value Analysis
This analysis compares Mikro MSC 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: 1.59x
- 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 3.00x to 1.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM0.12 | RM0.37 | x |
| 2017-06-30 | RM0.14 | RM0.37 | x |
| 2018-06-30 | RM0.14 | RM0.37 | x |
| 2019-06-30 | RM0.14 | RM0.37 | x |
| 2020-06-30 | RM0.16 | RM0.37 | x |
| 2021-06-30 | RM0.17 | RM0.37 | x |
| 2022-06-30 | RM0.18 | RM0.37 | x |
| 2023-06-30 | RM0.18 | RM0.37 | x |
| 2024-06-30 | RM0.22 | RM0.37 | x |
| 2025-06-30 | RM0.23 | RM0.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mikro MSC 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): 4.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.95%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.08x
- Recent ROE (4.20%) is below the historical average (9.00%), 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 | 19.58% | 21.50% | 0.69x | 1.32x | RM5.06 Million |
| 2017 | 18.33% | 21.61% | 0.66x | 1.29x | RM4.95 Million |
| 2018 | 10.12% | 12.51% | 0.64x | 1.26x | RM71.78K |
| 2019 | 7.07% | 10.26% | 0.56x | 1.24x | RM-1.75 Million |
| 2020 | 3.24% | 6.24% | 0.44x | 1.17x | RM-6.56 Million |
| 2021 | 4.88% | 8.52% | 0.47x | 1.22x | RM-5.21 Million |
| 2022 | 4.79% | 9.61% | 0.42x | 1.18x | RM-5.55 Million |
| 2023 | 2.82% | 6.89% | 0.35x | 1.16x | RM-9.69 Million |
| 2024 | 14.99% | 62.73% | 0.22x | 1.06x | RM11.94 Million |
| 2025 | 4.20% | 16.95% | 0.23x | 1.08x | RM-16.31 Million |
Industry Comparison
This section compares Mikro MSC Bhd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $148,077,125
- Average return on equity (ROE) among peers: 12.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mikro MSC Bhd (0112) | RM284.01 Million | 19.58% | 0.08x | $33.93 Million |
| Supercomnet Technologies Bhd (0001) | $420.88 Million | 7.44% | 0.06x | $33.99 Million |
| Fibon Bhd (0149) | $51.50 Million | 3.34% | 0.05x | $1.36 Million |
| Powerwell Holdings Bhd (0217) | $84.51 Million | 23.33% | 0.96x | $37.49 Million |
| Southern Cable Group Bhd (0225) | $121.22 Million | 15.00% | 1.92x | $284.31 Million |
| Cnergenz Bhd (0246) | $78.15 Million | 39.09% | 0.50x | $11.57 Million |
| Master Tec Group Berhad (0295) | $76.45 Million | 7.24% | 1.72x | $34.75 Million |
| SWIFT ENERGY TECHNOLOGY BERHAD (0337) | $38.82 Million | 9.22% | 0.98x | $10.65 Million |
| South Malaysia Industries Bhd (4375) | $176.34 Million | 15.95% | 0.25x | $1.48 Million |
| Sarawak Cable Bhd (5170) | $284.81 Million | -12.08% | 2.87x | $312.56K |