Smtrack Bhd (0169) - Net Assets
Based on the latest financial reports, Smtrack Bhd (0169) has net assets worth RM45.03 Million MYR (≈ $11.31 Million USD) as of July 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM68.80 Million ≈ $17.27 Million USD) and total liabilities (RM23.76 Million ≈ $5.97 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. Read Smtrack Bhd debt and liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM45.03 Million |
| % of Total Assets | 65.46% |
| Annual Growth Rate | 13.08% |
| 5-Year Change | 491.63% |
| 10-Year Change | N/A |
| Growth Volatility | 151.42 |
Smtrack Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Smtrack Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Smtrack Bhd total assets for the complete picture of this company's asset base.
Annual Net Assets for Smtrack Bhd (2015–2024)
The table below shows the annual net assets of Smtrack Bhd from 2015 to 2024. For live valuation and market cap data, see 0169 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | RM45.73 Million ≈ $11.48 Million |
-37.36% |
| 2023-07-31 | RM73.00 Million ≈ $18.33 Million |
-3.63% |
| 2022-07-31 | RM75.76 Million ≈ $19.02 Million |
+73.01% |
| 2021-07-31 | RM43.79 Million ≈ $10.99 Million |
+466.49% |
| 2020-07-31 | RM7.73 Million ≈ $1.94 Million |
-33.00% |
| 2019-07-31 | RM11.54 Million ≈ $2.90 Million |
-9.14% |
| 2018-07-31 | RM12.70 Million ≈ $3.19 Million |
+49.99% |
| 2017-07-31 | RM8.46 Million ≈ $2.13 Million |
-52.21% |
| 2016-07-31 | RM17.71 Million ≈ $4.45 Million |
+17.13% |
| 2015-07-31 | RM15.12 Million ≈ $3.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Smtrack 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 4615625000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM114.86 Million | 251.17% |
| Total Equity | RM45.73 Million | 100.00% |
Smtrack Bhd Competitors by Market Cap
The table below lists competitors of Smtrack Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TROC DE L'ILE SA
PA:MLTRO
|
$1.67 Million |
|
JINGRUI HLDGS LTD DL-01
F:9JW
|
$1.67 Million |
|
Baker Steel Resources Trust
LSE:BSRT
|
$1.67 Million |
|
Arbuthnot Banking Group Plc
LSE:ARBB
|
$1.67 Million |
|
Northern 2 Vct Plc
LSE:NTV
|
$1.66 Million |
|
Northern Venture Trust
LSE:NVT
|
$1.66 Million |
|
Current Water Technologies Inc
V:WATR
|
$1.66 Million |
|
FAT Brands Inc
NASDAQ:FATBB
|
$1.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smtrack Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 73,004,630 to 45,730,740, a change of -27,273,890 (-37.4%).
- Net loss of 30,950,780 reduced equity.
- Share repurchases of 5,071,450 reduced equity.
- Other factors increased equity by 8,748,340.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-30.95 Million | -67.68% |
| Share Repurchases | RM5.07 Million | -11.09% |
| Other Changes | RM8.75 Million | +19.13% |
| Total Change | RM- | -37.36% |
Book Value vs Market Value Analysis
This analysis compares Smtrack 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: 0.14x
- 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 increased from 0.02x to 0.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-07-31 | RM0.20 | RM0.01 | x |
| 2017-07-31 | RM0.10 | RM0.01 | x |
| 2018-07-31 | RM0.09 | RM0.01 | x |
| 2019-07-31 | RM0.08 | RM0.01 | x |
| 2020-07-31 | RM0.04 | RM0.01 | x |
| 2021-07-31 | RM0.08 | RM0.01 | x |
| 2022-07-31 | RM0.06 | RM0.01 | x |
| 2023-07-31 | RM0.06 | RM0.01 | x |
| 2024-07-31 | RM0.03 | RM0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smtrack 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): -67.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -133.81%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.51x
- Recent ROE (-67.68%) is below the historical average (-54.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -86.91% | -497.85% | 0.15x | 1.20x | RM-14.65 Million |
| 2016 | -64.79% | -313.62% | 0.19x | 1.09x | RM-13.25 Million |
| 2017 | -95.03% | -298.73% | 0.28x | 1.12x | RM-8.89 Million |
| 2018 | -30.47% | -256.17% | 0.10x | 1.14x | RM-5.14 Million |
| 2019 | -15.37% | -104.45% | 0.12x | 1.24x | RM-2.93 Million |
| 2020 | -130.36% | -563.93% | 0.17x | 1.32x | RM-10.85 Million |
| 2021 | -17.79% | -126.81% | 0.11x | 1.28x | RM-12.17 Million |
| 2022 | -14.13% | -175.86% | 0.05x | 1.57x | RM-18.28 Million |
| 2023 | -21.66% | -98.91% | 0.14x | 1.53x | RM-23.11 Million |
| 2024 | -67.68% | -133.81% | 0.33x | 1.51x | RM-35.52 Million |
Industry Comparison
This section compares Smtrack Bhd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $154,301,364
- Average return on equity (ROE) among peers: -8.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smtrack Bhd (0169) | RM45.03 Million | -86.91% | 0.53x | $1.66 Million |
| NetX Holdings Bhd (0020) | $18.58 Million | -64.13% | 0.28x | $11.77 Million |
| Metronic Global Bhd (0043) | $151.33 Million | -19.43% | 0.23x | $1.92 Million |
| NCT Alliance Bhd (0056) | $802.53 Million | 6.18% | 1.24x | $308.04 Million |
| Vortex Consolidated Bhd (0060) | $312.11 Million | 0.76% | 0.09x | $72.28 Million |
| Lyc Healthcare Bhd (0075) | $27.58 Million | -33.45% | 5.64x | $2.79 Million |
| Aldrich Resources Bhd (0079) | $22.35 Million | -5.12% | 0.36x | $5.18 Million |
| Rexit Bhd (0106) | $36.05 Million | 21.79% | 0.08x | $24.14 Million |
| Privasia Technology Bhd (0123) | $60.75 Million | 1.15% | 0.92x | $13.57 Million |
| Microlink Solutions Bhd (0126) | $56.55 Million | 2.38% | 2.08x | $32.31 Million |
| Diversified Gateway Solutions Bhd (0131) | $55.19 Million | 6.62% | 0.85x | $15.91 Million |
About Smtrack Bhd
SMTrack Berhad engages in the design, deployment, and distribution of radio frequency identity tags and other tagging solutions using information technology broadband networks in Malaysia. The company operates in three segments: Investment Holding and Others; Delivery; and Beauty and Wellness. It offers radio frequency identification (RFID) solutions, such as SMTrack Halal Traceability; SMTrack A… Read more