JF Technology BHD (0146) - Net Assets
Based on the latest financial reports, JF Technology BHD (0146) has net assets worth RM135.07 Million MYR (≈ $33.91 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 (RM150.97 Million ≈ $37.90 Million USD) and total liabilities (RM15.90 Million ≈ $3.99 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 0146 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM135.07 Million |
| % of Total Assets | 89.47% |
| Annual Growth Rate | 10.2% |
| 5-Year Change | 11.33% |
| 10-Year Change | 454.76% |
| Growth Volatility | 50.63 |
JF Technology BHD - Net Assets Trend (2008–2025)
This chart illustrates how JF Technology BHD's net assets have evolved over time, based on quarterly financial data. Also explore total assets of JF Technology BHD for the complete picture of this company's asset base.
Annual Net Assets for JF Technology BHD (2008–2025)
The table below shows the annual net assets of JF Technology BHD from 2008 to 2025. For live valuation and market cap data, see JF Technology BHD market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM134.18 Million ≈ $33.69 Million |
-0.35% |
| 2024-06-30 | RM134.64 Million ≈ $33.80 Million |
+1.21% |
| 2023-06-30 | RM133.03 Million ≈ $33.40 Million |
+1.84% |
| 2022-06-30 | RM130.62 Million ≈ $32.80 Million |
+8.39% |
| 2021-06-30 | RM120.52 Million ≈ $30.26 Million |
+214.93% |
| 2020-06-30 | RM38.27 Million ≈ $9.61 Million |
+22.26% |
| 2019-06-30 | RM31.30 Million ≈ $7.86 Million |
+10.66% |
| 2018-06-30 | RM28.28 Million ≈ $7.10 Million |
-7.47% |
| 2017-06-30 | RM30.57 Million ≈ $7.67 Million |
+26.37% |
| 2016-06-30 | RM24.19 Million ≈ $6.07 Million |
-0.89% |
| 2015-06-30 | RM24.40 Million ≈ $6.13 Million |
+7.92% |
| 2014-06-30 | RM22.61 Million ≈ $5.68 Million |
+5.04% |
| 2013-06-30 | RM21.53 Million ≈ $5.40 Million |
-4.74% |
| 2012-06-30 | RM22.60 Million ≈ $5.67 Million |
-11.65% |
| 2011-06-30 | RM25.58 Million ≈ $6.42 Million |
+4.26% |
| 2010-06-30 | RM24.53 Million ≈ $6.16 Million |
+3.09% |
| 2009-06-30 | RM23.80 Million ≈ $5.98 Million |
-7.58% |
| 2008-06-30 | RM25.75 Million ≈ $6.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to JF Technology 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 3541200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM35.41 Million | 26.87% |
| Common Stock | RM94.07 Million | 71.38% |
| Other Comprehensive Income | RM2.31 Million | 1.75% |
| Total Equity | RM131.78 Million | 100.00% |
JF Technology BHD Competitors by Market Cap
The table below lists competitors of JF Technology BHD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Power Root Bhd
KLSE:7237
|
$123.97 Million |
|
VisionWave Holdings, Inc. Common Stock
NASDAQ:VWAV
|
$124.01 Million |
|
Singatron Enterprise Co Ltd
TWO:6126
|
$124.04 Million |
|
Baozun Inc
F:2BZA
|
$124.11 Million |
|
Hod Assaf Industries Ltd
TA:HOD
|
$123.89 Million |
|
Jeld-Wen Holding Inc
NYSE:JELD
|
$123.87 Million |
|
LG HelloVision Corp
KO:037560
|
$123.86 Million |
|
Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama AS
IS:INTEM
|
$123.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JF Technology BHD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 133,065,000 to 131,784,000, a change of -1,281,000 (-1.0%).
- Net income of 3,554,000 contributed positively to equity growth.
- Dividend payments of 4,636,000 reduced retained earnings.
- Other comprehensive income decreased equity by 199,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM3.55 Million | +2.7% |
| Dividends Paid | RM4.64 Million | -3.52% |
| Other Comprehensive Income | RM-199.00K | -0.15% |
| Total Change | RM- | -0.96% |
Book Value vs Market Value Analysis
This analysis compares JF Technology 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: 3.59x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 16.64x to 3.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-06-30 | RM0.03 | RM0.51 | x |
| 2009-06-30 | RM0.03 | RM0.51 | x |
| 2010-06-30 | RM0.03 | RM0.51 | x |
| 2011-06-30 | RM0.03 | RM0.51 | x |
| 2012-06-30 | RM0.03 | RM0.51 | x |
| 2013-06-30 | RM0.03 | RM0.51 | x |
| 2014-06-30 | RM0.03 | RM0.51 | x |
| 2015-06-30 | RM0.03 | RM0.51 | x |
| 2016-06-30 | RM0.03 | RM0.51 | x |
| 2017-06-30 | RM0.04 | RM0.51 | x |
| 2018-06-30 | RM0.03 | RM0.51 | x |
| 2019-06-30 | RM0.04 | RM0.51 | x |
| 2020-06-30 | RM0.05 | RM0.51 | x |
| 2021-06-30 | RM0.12 | RM0.51 | x |
| 2022-06-30 | RM0.13 | RM0.51 | x |
| 2023-06-30 | RM0.14 | RM0.51 | x |
| 2024-06-30 | RM0.14 | RM0.51 | x |
| 2025-06-30 | RM0.14 | RM0.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JF Technology 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): 2.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.92%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.15x
- Recent ROE (2.70%) is below the historical average (7.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 17.19% | 73.53% | 0.19x | 1.26x | RM1.85 Million |
| 2009 | -2.91% | -15.31% | 0.13x | 1.47x | RM-3.07 Million |
| 2010 | 2.87% | 8.11% | 0.26x | 1.36x | RM-1.75 Million |
| 2011 | 6.55% | 15.47% | 0.31x | 1.39x | RM-882.90K |
| 2012 | -7.62% | -21.89% | 0.25x | 1.38x | RM-3.98 Million |
| 2013 | -4.98% | -13.15% | 0.28x | 1.37x | RM-3.22 Million |
| 2014 | 4.80% | 9.53% | 0.37x | 1.36x | RM-1.18 Million |
| 2015 | 12.51% | 17.45% | 0.53x | 1.35x | RM611.60K |
| 2016 | 4.31% | 5.48% | 0.58x | 1.37x | RM-1.38 Million |
| 2017 | 20.87% | 25.86% | 0.64x | 1.26x | RM3.32 Million |
| 2018 | 1.16% | 1.32% | 0.61x | 1.45x | RM-2.50 Million |
| 2019 | 9.64% | 13.10% | 0.51x | 1.43x | RM-113.90K |
| 2020 | 20.95% | 29.90% | 0.59x | 1.18x | RM4.19 Million |
| 2021 | 12.91% | 39.56% | 0.29x | 1.12x | RM3.41 Million |
| 2022 | 13.36% | 38.02% | 0.31x | 1.15x | RM4.34 Million |
| 2023 | 9.23% | 26.83% | 0.30x | 1.13x | RM-1.02 Million |
| 2024 | 4.38% | 13.99% | 0.28x | 1.13x | RM-7.48 Million |
| 2025 | 2.70% | 7.92% | 0.30x | 1.15x | RM-9.62 Million |
Industry Comparison
This section compares JF Technology 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: $92,923,111
- Average return on equity (ROE) among peers: 19.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JF Technology BHD (0146) | RM135.07 Million | 17.19% | 0.12x | $123.94 Million |
| Elsoft Research Bhd (0090) | $101.03 Million | 26.98% | 0.18x | $42.44 Million |
| ViTrox Corporation Bhd (0097) | $49.82 Million | 16.71% | 0.05x | $2.59 Billion |
| MMS Ventures Bhd (0113) | $19.07 Million | 2.14% | 0.38x | $16.27 Million |
| VisDynamics Holdings Bhd (0120) | $31.78 Million | 20.89% | 0.41x | $14.29 Million |
| Inari Amertron Bhd (0166) | $258.57 Million | 38.37% | 0.92x | $1.88 Billion |
| Aemulus Holdings Bhd (0181) | $189.01 Million | 6.62% | 0.29x | $37.15 Million |
| TT Vision Holdings Berhad (0272) | $24.08 Million | 20.13% | 1.14x | $23.48 Million |
| Turiya Bhd (4359) | $120.67 Million | 0.38% | 0.40x | $10.05 Million |
| FoundPac Group Bhd (5277) | $42.29 Million | 38.86% | 0.12x | $44.44 Million |
About JF Technology BHD
JF Technology Berhad, an investment holding company, manufactures and trades in electronic products, components, test probes, and probe cards in Malaysia, China, Singapore, the United States, the Philippines, and internationally. The company designs, develops, manufactures, and sells integrated circuit test sockets, interconnects, test solutions, and equipment for semiconductor, and electronic as… Read more