Managepay Systems Bhd (0156) - Net Assets
Based on the latest financial reports, Managepay Systems Bhd (0156) has net assets worth RM65.49 Million MYR (≈ $16.44 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 (RM86.24 Million ≈ $21.65 Million USD) and total liabilities (RM20.75 Million ≈ $5.21 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 0156 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM65.49 Million |
| % of Total Assets | 75.94% |
| Annual Growth Rate | -5.08% |
| 5-Year Change | 38.9% |
| 10-Year Change | N/A |
| Growth Volatility | 31.65 |
Managepay Systems Bhd - Net Assets Trend (2016–2024)
This chart illustrates how Managepay Systems Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 0156 total assets for the complete picture of this company's asset base.
Annual Net Assets for Managepay Systems Bhd (2016–2024)
The table below shows the annual net assets of Managepay Systems Bhd from 2016 to 2024. For live valuation and market cap data, see 0156 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM66.82 Million ≈ $16.78 Million |
-4.57% |
| 2023-12-31 | RM70.02 Million ≈ $17.58 Million |
-8.47% |
| 2022-12-31 | RM76.50 Million ≈ $19.21 Million |
-10.43% |
| 2021-12-31 | RM85.41 Million ≈ $21.44 Million |
+77.53% |
| 2020-12-31 | RM48.11 Million ≈ $12.08 Million |
-40.57% |
| 2019-12-31 | RM80.95 Million ≈ $20.32 Million |
-6.34% |
| 2018-12-31 | RM86.43 Million ≈ $21.70 Million |
-9.04% |
| 2017-12-31 | RM95.02 Million ≈ $23.86 Million |
-6.26% |
| 2016-12-31 | RM101.37 Million ≈ $25.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Managepay Systems 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 9819422000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM175.82 Million | 263.11% |
| Other Components | RM62.36K | 0.09% |
| Total Equity | RM66.82 Million | 100.00% |
Managepay Systems Bhd Competitors by Market Cap
The table below lists competitors of Managepay Systems Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cruzados SADP
SN:CRUZADOS
|
$16.84 Million |
|
Landmarks Bhd
KLSE:1643
|
$16.86 Million |
|
Middle Island Resources Ltd
AU:MDI
|
$16.87 Million |
|
Ulaslar Turizm Yatirimlari ve Dayanikli Tuketim Mallari Ticaret Pazarlama AS
IS:ULAS
|
$16.88 Million |
|
ELL ENVIRON.HLDGS HD-0001
F:6EL
|
$16.83 Million |
|
Ancora Indonesia Resources Tbk
JK:OKAS
|
$16.83 Million |
|
North Eastern Carrying Corporation Limited
NSE:NECCLTD
|
$16.83 Million |
|
Fidelity China Special Situations PLC
LSE:FCSS
|
$16.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Managepay Systems Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 70,020,370 to 66,822,480, a change of -3,197,890 (-4.6%).
- Net loss of 14,662,870 reduced equity.
- Share repurchases of 12,722,670 reduced equity.
- New share issuances of 12,722,673 increased equity.
- Other factors increased equity by 11,464,977.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-14.66 Million | -21.94% |
| Share Repurchases | RM12.72 Million | -19.04% |
| Share Issuances | RM12.72 Million | +19.04% |
| Other Changes | RM11.46 Million | +17.16% |
| Total Change | RM- | -4.57% |
Book Value vs Market Value Analysis
This analysis compares Managepay Systems 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: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.46x to 1.00x 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 | RM0.14 | RM0.07 | x |
| 2017-12-31 | RM0.13 | RM0.07 | x |
| 2018-12-31 | RM0.12 | RM0.07 | x |
| 2019-12-31 | RM0.11 | RM0.07 | x |
| 2020-12-31 | RM0.07 | RM0.07 | x |
| 2021-12-31 | RM0.10 | RM0.07 | x |
| 2022-12-31 | RM0.09 | RM0.07 | x |
| 2023-12-31 | RM0.07 | RM0.07 | x |
| 2024-12-31 | RM0.06 | RM0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Managepay Systems 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): -21.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -100.61%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.22x
- Recent ROE (-21.94%) is below the historical average (-18.14%), 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 | -4.36% | -72.57% | 0.06x | 1.05x | RM-14.56 Million |
| 2017 | -6.69% | -77.71% | 0.08x | 1.05x | RM-15.86 Million |
| 2018 | -9.96% | -80.31% | 0.12x | 1.07x | RM-17.25 Million |
| 2019 | -6.77% | -30.73% | 0.20x | 1.08x | RM-13.57 Million |
| 2020 | -75.94% | -280.51% | 0.24x | 1.12x | RM-41.34 Million |
| 2021 | 1.39% | 5.90% | 0.22x | 1.07x | RM-7.35 Million |
| 2022 | -13.99% | -59.31% | 0.21x | 1.10x | RM-18.35 Million |
| 2023 | -25.03% | -71.69% | 0.27x | 1.29x | RM-24.53 Million |
| 2024 | -21.94% | -100.61% | 0.18x | 1.22x | RM-21.35 Million |
Industry Comparison
This section compares Managepay Systems Bhd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $65,215,501
- Average return on equity (ROE) among peers: 25.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Managepay Systems Bhd (0156) | RM65.49 Million | -4.36% | 0.32x | $16.84 Million |
| OpenSys M Bhd (0040) | $64.08 Million | 17.32% | 0.63x | $34.22 Million |
| Revenue Group Bhd (0200) | $151.30 Million | 7.43% | 0.25x | $9.12 Million |
| Securemetric Berhad (0203) | $40.97 Million | -2.17% | 0.43x | $16.66 Million |
| Infoline Tec Holdings Bhd (0253) | $4.51 Million | 78.80% | 2.19x | $31.01 Million |
About Managepay Systems Bhd
ManagePay Systems Berhad, an investment holding company, engages in the provision of electronic payment solutions for banks and financial institutions, merchants, and card issuers in Malaysia. The company operates through Fintech Services and Non-Fintech Services segments. The Fintech Services segment offers e-payment, e-money, MasterCard prepaid card, money lending, Peer-to-Peer financing platfo… Read more