Mestron Holdings
Mestron Holdings Berhad, an investment holding company, engages in the manufacture and sale of steel poles in Malaysia. It operates through Manufacturing, Trading, Renewable Energy, and Property segments. The company offers standard octagonal, floodlighting, CCTV, mid-hinged, traffic light, solar lighting, and decorative street lighting poles, as well as telecommunication monopoles and towers; hi… Read more
Mestron Holdings (0207) - Net Assets
Latest net assets as of September 2025: RM141.60 Million MYR
Based on the latest financial reports, Mestron Holdings (0207) has net assets worth RM141.60 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 (RM189.95 Million) and total liabilities (RM48.34 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 | RM141.60 Million |
| % of Total Assets | 74.55% |
| Annual Growth Rate | 29.65% |
| 5-Year Change | 114.29% |
| 10-Year Change | N/A |
| Growth Volatility | 18.64 |
Mestron Holdings - Net Assets Trend (2015–2024)
This chart illustrates how Mestron Holdings's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mestron Holdings (2015–2024)
The table below shows the annual net assets of Mestron Holdings from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM140.91 Million | +5.80% |
| 2023-12-31 | RM133.18 Million | +26.12% |
| 2022-12-31 | RM105.59 Million | +10.74% |
| 2021-12-31 | RM95.35 Million | +45.01% |
| 2020-12-31 | RM65.76 Million | +8.72% |
| 2019-12-31 | RM60.48 Million | +64.21% |
| 2018-12-31 | RM36.83 Million | +33.81% |
| 2017-12-31 | RM27.52 Million | +41.25% |
| 2016-12-31 | RM19.49 Million | +43.22% |
| 2015-12-31 | RM13.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mestron Holdings'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 240.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM37.46 Million | 26.58% |
| Common Stock | RM103.45 Million | 73.42% |
| Total Equity | RM140.91 Million | 100.00% |
Mestron Holdings Competitors by Market Cap
The table below lists competitors of Mestron Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Koryo Electronics Co Ltd
TWO:8032
|
$13.22 Million |
|
Intervacc AB
ST:IVACC
|
$13.22 Million |
|
Surgepays Inc
NASDAQ:SURG
|
$13.22 Million |
|
Smart Digital Group Limited Ordinary Shares
NASDAQ:SDM
|
$13.22 Million |
|
Orient Bell Limited
NSE:ORIENTBELL
|
$13.22 Million |
|
LANSON-BCC INH. EO 10
F:GQ6
|
$13.21 Million |
|
Dongkuk Refractories & Steel Co. Ltd
KQ:075970
|
$13.21 Million |
|
Kingfisher Metals Corp
OTCQB:KGFMF
|
$13.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mestron Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 133,176,550 to 140,906,930, a change of 7,730,380 (5.8%).
- Net income of 6,759,240 contributed positively to equity growth.
- Share repurchases of 971,140 reduced equity.
- New share issuances of 971,138 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.76 Million | +4.8% |
| Share Repurchases | RM971.14K | -0.69% |
| Share Issuances | RM971.14K | +0.69% |
| Other Changes | RM971.14K | +0.69% |
| Total Change | RM- | 5.80% |
Book Value vs Market Value Analysis
This analysis compares Mestron Holdings'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: 0.99x
- 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 decreased from 4.54x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.03 | RM0.14 | x |
| 2017-12-31 | RM0.04 | RM0.14 | x |
| 2018-12-31 | RM0.06 | RM0.14 | x |
| 2019-12-31 | RM0.08 | RM0.14 | x |
| 2020-12-31 | RM0.08 | RM0.14 | x |
| 2021-12-31 | RM0.10 | RM0.14 | x |
| 2022-12-31 | RM0.11 | RM0.14 | x |
| 2023-12-31 | RM0.13 | RM0.14 | x |
| 2024-12-31 | RM0.14 | RM0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mestron Holdings 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): 4.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.35%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.54x
- Recent ROE (4.80%) is below the historical average (13.78%), 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 | 15.99% | 5.37% | 1.26x | 2.36x | RM815.60K |
| 2016 | 27.10% | 11.90% | 0.99x | 2.30x | RM3.33 Million |
| 2017 | 31.02% | 14.05% | 0.95x | 2.33x | RM5.79 Million |
| 2018 | 25.27% | 14.61% | 0.93x | 1.85x | RM5.62 Million |
| 2019 | 3.75% | 3.28% | 0.82x | 1.40x | RM-3.78 Million |
| 2020 | 9.34% | 10.84% | 0.64x | 1.35x | RM-436.59K |
| 2021 | 3.37% | 5.50% | 0.46x | 1.34x | RM-6.32 Million |
| 2022 | 8.93% | 8.40% | 0.62x | 1.71x | RM-1.13 Million |
| 2023 | 8.22% | 7.36% | 0.74x | 1.51x | RM-2.37 Million |
| 2024 | 4.80% | 4.35% | 0.72x | 1.54x | RM-7.33 Million |
Industry Comparison
This section compares Mestron Holdings's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $99,079,886
- Average return on equity (ROE) among peers: 5.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mestron Holdings (0207) | RM141.60 Million | 15.99% | 0.34x | $13.22 Million |
| Volcano Bhd (0232) | $67.65 Million | 7.07% | 0.10x | $2.97 Million |
| CEKD Bhd (0238) | $37.51 Million | 16.10% | 0.45x | $2.22 Million |
| Coraza Integrated Technology Bhd (0240) | $24.62 Million | 14.02% | 0.86x | $22.53 Million |
| SFP Tech Holdings Bhd (0251) | $197.22 Million | 19.84% | 0.48x | $15.02 Million |
| Wentel Engineering Holdings Berhad (0298) | $67.39 Million | 18.41% | 0.37x | $15.04 Million |
| Chemlite Innovation Berhad (0348) | $10.17 Million | 88.53% | 2.12x | $7.81 Million |
| Seremban Engineering Bhd (5163) | $25.52 Million | -141.72% | 3.68x | $1.36 Million |
| Uwc Bhd (5292) | $304.78 Million | 30.03% | 0.18x | $374.15 Million |
| APB Resources Bhd (5568) | $156.86 Million | -0.79% | 0.07x | $2.25 Million |