Eversafe Rubber Bhd
Eversafe Rubber Berhad, an investment holding company, develops, manufactures, distributes, and sells tyre retreading materials to tyre retreaders and rubber material traders. The company offers masterbatch materials, pre-cured tread liners, camelbacks, cushion gums, repair ropes, sidewall veneers, and orbitreads. It is involved in the tyre retreading operations; and provision of polymer products… Read more
Eversafe Rubber Bhd (0190) - Net Assets
Latest net assets as of September 2025: RM50.59 Million MYR
Based on the latest financial reports, Eversafe Rubber Bhd (0190) has net assets worth RM50.59 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 (RM106.35 Million) and total liabilities (RM55.75 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 | RM50.59 Million |
| % of Total Assets | 47.57% |
| Annual Growth Rate | 1.87% |
| 5-Year Change | -8.95% |
| 10-Year Change | N/A |
| Growth Volatility | 10.58 |
Eversafe Rubber Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Eversafe Rubber 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 Eversafe Rubber Bhd (2015–2024)
The table below shows the annual net assets of Eversafe Rubber Bhd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM56.88 Million | -5.91% |
| 2023-12-31 | RM60.45 Million | +2.27% |
| 2022-12-31 | RM59.11 Million | -9.14% |
| 2021-12-31 | RM65.06 Million | +4.15% |
| 2020-12-31 | RM62.46 Million | +1.21% |
| 2019-12-31 | RM61.72 Million | +2.33% |
| 2018-12-31 | RM60.31 Million | -11.83% |
| 2017-12-31 | RM68.40 Million | +23.12% |
| 2016-12-31 | RM55.56 Million | +15.43% |
| 2015-12-31 | RM48.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eversafe Rubber 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 122.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM65.43 Million | 115.04% |
| Total Equity | RM56.88 Million | 100.00% |
Eversafe Rubber Bhd Competitors by Market Cap
The table below lists competitors of Eversafe Rubber Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PicoCELA Inc. American Depositary Shares
NASDAQ:PCLA
|
$1.20 Million |
|
IDG
BK:IDG
|
$1.20 Million |
|
APC Minerals Ltd
AU:APC
|
$1.20 Million |
|
Svenska Aerogel Holding AB (publ)
ST:AERO
|
$1.21 Million |
|
CME Group Bhd
KLSE:7018
|
$1.20 Million |
|
Eastern Metals Ltd
AU:EMS
|
$1.20 Million |
|
Versarien plc
PINK:VRSRF
|
$1.20 Million |
|
NORTHERN LION GOLD
F:N3EN
|
$1.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eversafe Rubber Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 60,447,430 to 56,875,100, a change of -3,572,330 (-5.9%).
- Net loss of 3,869,460 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-3.87 Million | -6.8% |
| Other Changes | RM297.13K | +0.52% |
| Total Change | RM- | -5.91% |
Book Value vs Market Value Analysis
This analysis compares Eversafe Rubber 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: 0.34x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.29 | RM0.08 | x |
| 2017-12-31 | RM0.28 | RM0.08 | x |
| 2018-12-31 | RM0.25 | RM0.08 | x |
| 2019-12-31 | RM0.26 | RM0.08 | x |
| 2020-12-31 | RM0.26 | RM0.08 | x |
| 2021-12-31 | RM0.27 | RM0.08 | x |
| 2022-12-31 | RM0.25 | RM0.08 | x |
| 2023-12-31 | RM0.25 | RM0.08 | x |
| 2024-12-31 | RM0.24 | RM0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eversafe Rubber 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): -6.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.95%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.04x
- Recent ROE (-6.80%) is below the historical average (2.86%), 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 | 12.11% | 7.74% | 1.01x | 1.55x | RM1.02 Million |
| 2016 | 14.42% | 10.72% | 0.89x | 1.50x | RM2.46 Million |
| 2017 | 0.63% | 0.47% | 0.90x | 1.48x | RM-6.41 Million |
| 2018 | 1.40% | 0.75% | 1.17x | 1.60x | RM-5.18 Million |
| 2019 | 2.63% | 1.39% | 1.08x | 1.75x | RM-4.55 Million |
| 2020 | 5.44% | 3.29% | 0.95x | 1.74x | RM-2.85 Million |
| 2021 | 4.25% | 2.41% | 1.00x | 1.76x | RM-3.74 Million |
| 2022 | -7.55% | -3.08% | 1.11x | 2.21x | RM-10.38 Million |
| 2023 | 2.06% | 1.07% | 0.89x | 2.16x | RM-4.80 Million |
| 2024 | -6.80% | -3.95% | 0.85x | 2.04x | RM-9.56 Million |
Industry Comparison
This section compares Eversafe Rubber Bhd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $255,316,336
- Average return on equity (ROE) among peers: 14.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eversafe Rubber Bhd (0190) | RM50.59 Million | 12.11% | 1.10x | $1.20 Million |
| Betamek Bhd (0263) | $86.96 Million | 14.04% | 0.45x | $11.01 Million |
| KHPT Holdings Berhad (0322) | $28.09 Million | 31.32% | 1.02x | $2.10 Million |
| MSB Global Group Berhad (0350) | $38.18 Million | 49.46% | 0.54x | $3.62 Million |
| APM Automotive Holdings Bhd (5015) | $1.23 Billion | 3.18% | 0.34x | $36.74 Million |
| ABM Fujiya Bhd (5198) | $159.98 Million | 1.16% | 0.62x | $814.00K |
| Globaltec Formation Bhd (5220) | $370.00 Million | -10.00% | 0.35x | $23.80 Million |
| Solid Automotive Bhd (5242) | $141.56 Million | 1.00% | 0.66x | $5.00 Million |
| Pecca Group Bhd (5271) | $156.93 Million | 9.26% | 0.16x | $66.22 Million |
| Feytech Holdings Berhad (5322) | $85.48 Million | 32.28% | 0.71x | $13.02 Million |