Mikro MSC Bhd (0112) - Net Assets
Based on the latest financial reports, Mikro MSC Bhd (0112) has net assets worth RM303.00 Million MYR (≈ $76.07 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM322.85 Million ≈ $81.06 Million USD) and total liabilities (RM19.85 Million ≈ $4.98 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 Mikro MSC Bhd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM303.00 Million |
| % of Total Assets | 93.85% |
| Annual Growth Rate | 21.38% |
| 5-Year Change | 196.9% |
| 10-Year Change | N/A |
| Growth Volatility | 26.51 |
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. Also explore Mikro MSC Bhd (0112) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Mikro MSC Bhd (0112) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM301.94 Million ≈ $75.81 Million |
+26.21% |
| 2024-06-30 | RM239.23 Million ≈ $60.06 Million |
+77.21% |
| 2023-06-30 | RM135.00 Million ≈ $33.89 Million |
+26.76% |
| 2022-06-30 | RM106.50 Million ≈ $26.74 Million |
+4.73% |
| 2021-06-30 | RM101.69 Million ≈ $25.53 Million |
+4.81% |
| 2020-06-30 | RM97.03 Million ≈ $24.36 Million |
+62.47% |
| 2019-06-30 | RM59.72 Million ≈ $14.99 Million |
+1.14% |
| 2018-06-30 | RM59.05 Million ≈ $14.83 Million |
-0.63% |
| 2017-06-30 | RM59.42 Million ≈ $14.92 Million |
+12.51% |
| 2016-06-30 | RM52.82 Million ≈ $13.26 Million |
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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 355.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM101.34 Million | 33.62% |
| Other Components | RM200.06 Million | 66.38% |
| Total Equity | RM301.40 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 |
|---|---|
|
Donga Geologic
KO:028100
|
$139.57 Million |
|
TUDOR GOLD CORP. O.N.
F:H56
|
$139.57 Million |
|
Jeju Beer Co. Ltd.
KQ:276730
|
$139.58 Million |
|
Purple Capital Ltd
JSE:PPE
|
$139.60 Million |
|
Decisive Dividend Corp
V:DE
|
$139.51 Million |
|
Finward Bancorp
NASDAQ:FNWD
|
$139.49 Million |
|
Sino-Ocean Group Holding Limited
F:3SD
|
$139.48 Million |
|
Harmony Electronics
TWO:8182
|
$139.45 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 301,402,947, a change of 62,172,037 (26.0%).
- Net income of 33,527,526 contributed positively to equity growth.
- Other factors increased equity by 28,644,511.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM33.53 Million | +11.12% |
| Other Changes | RM28.64 Million | +9.5% |
| Total Change | RM- | 25.99% |
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: 1.84x
- 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 3.73x to 1.84x 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 | RM0.46 | x |
| 2017-06-30 | RM0.14 | RM0.46 | x |
| 2018-06-30 | RM0.14 | RM0.46 | x |
| 2019-06-30 | RM0.14 | RM0.46 | x |
| 2020-06-30 | RM0.16 | RM0.46 | x |
| 2021-06-30 | RM0.17 | RM0.46 | x |
| 2022-06-30 | RM0.18 | RM0.46 | x |
| 2023-06-30 | RM0.18 | RM0.46 | x |
| 2024-06-30 | RM0.22 | RM0.46 | x |
| 2025-06-30 | RM0.25 | RM0.46 | 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): 11.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.56%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.07x
- Recent ROE (11.12%) is above the historical average (9.69%), indicating improving 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 | 11.12% | 30.56% | 0.34x | 1.07x | RM3.39 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: $156,675,763
- Average return on equity (ROE) among peers: 10.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mikro MSC Bhd (0112) | RM303.00 Million | 19.58% | 0.07x | $139.55 Million |
| Supercomnet Technologies Bhd (0001) | $362.33 Million | 8.02% | 0.07x | $109.75 Million |
| Fibon Bhd (0149) | $58.38 Million | 8.37% | 0.05x | $9.57 Million |
| Powerwell Holdings Bhd (0217) | $50.73 Million | 23.92% | 0.78x | $112.96 Million |
| Southern Cable Group Bhd (0225) | $267.26 Million | 7.96% | 0.68x | $584.67 Million |
| Cnergenz Bhd (0246) | $78.15 Million | 39.09% | 0.50x | $66.89 Million |
| Master Tec Group Berhad (0295) | $73.31 Million | 7.17% | 1.57x | $261.21 Million |
| South Malaysia Industries Bhd (4375) | $162.00 Million | -3.70% | 0.46x | $11.07 Million |
| Sarawak Cable Bhd (5170) | $-58.43 Million | 0.00% | 0.00x | $1.00 Million |
| Metrod Holdings Bhd (6149) | $416.34 Million | 1.33% | 3.11x | $36.15 Million |
About 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