Tashin Holdings Bhd
Tashin Holdings Berhad, an investment holding company, manufactures and sells steel and general hardware products in Malaysia. It offers slit coils, steel plates and sheets, steel pipes, flat and square bars, expanded metals, checkered plates, round and angle bars, wire meshes, and C purlins for use in automotive, furniture, electronics and electrical, and construction and engineering fabrication… Read more
Tashin Holdings Bhd (0211) - Net Assets
Latest net assets as of September 2025: RM270.97 Million MYR
Based on the latest financial reports, Tashin Holdings Bhd (0211) has net assets worth RM270.97 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 (RM354.80 Million) and total liabilities (RM83.83 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 | RM270.97 Million |
| % of Total Assets | 76.37% |
| Annual Growth Rate | 10.98% |
| 5-Year Change | 36.58% |
| 10-Year Change | N/A |
| Growth Volatility | 10.37 |
Tashin Holdings Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Tashin Holdings 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 Tashin Holdings Bhd (2015–2024)
The table below shows the annual net assets of Tashin Holdings Bhd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM269.54 Million | +4.46% |
| 2023-12-31 | RM258.05 Million | -0.31% |
| 2022-12-31 | RM258.86 Million | +1.04% |
| 2021-12-31 | RM256.21 Million | +29.82% |
| 2020-12-31 | RM197.36 Million | +4.93% |
| 2019-12-31 | RM188.09 Million | +20.74% |
| 2018-12-31 | RM155.78 Million | +7.58% |
| 2017-12-31 | RM144.81 Million | +25.16% |
| 2016-12-31 | RM115.70 Million | +9.65% |
| 2015-12-31 | RM105.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tashin Holdings 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 5.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM90.30 Million | 33.50% |
| Common Stock | RM179.24 Million | 66.50% |
| Total Equity | RM269.54 Million | 100.00% |
Tashin Holdings Bhd Competitors by Market Cap
The table below lists competitors of Tashin Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ping An Biomedical Co., Ltd.
NASDAQ:PASW
|
$3.14 Million |
|
KEYENCE CORP
MU:KEE
|
$3.14 Million |
|
YeSUN Tech Co.Ltd.
KQ:250930
|
$3.14 Million |
|
Capital Partners S.A.
WAR:CPA
|
$3.14 Million |
|
Cluey Ltd
AU:CLU
|
$3.14 Million |
|
BALKAN MINING A. MIN.LTD.
F:7JL
|
$3.14 Million |
|
Cofidur SA
PA:ALCOF
|
$3.13 Million |
|
QX Resources Ltd
AU:QXR
|
$3.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tashin Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 258,047,460 to 269,543,900, a change of 11,496,440 (4.5%).
- Net loss of 1,096,540 reduced equity.
- Dividend payments of 5,234,870 reduced retained earnings.
- Other factors increased equity by 17,827,850.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-1.10 Million | -0.41% |
| Dividends Paid | RM5.23 Million | -1.94% |
| Other Changes | RM17.83 Million | +6.61% |
| Total Change | RM- | 4.46% |
Book Value vs Market Value Analysis
This analysis compares Tashin Holdings 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: 0.26x
- 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 0.50x to 0.26x 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 | RM0.40 | RM0.20 | x |
| 2017-12-31 | RM0.50 | RM0.20 | x |
| 2018-12-31 | RM0.54 | RM0.20 | x |
| 2019-12-31 | RM0.54 | RM0.20 | x |
| 2020-12-31 | RM0.57 | RM0.20 | x |
| 2021-12-31 | RM0.73 | RM0.20 | x |
| 2022-12-31 | RM0.74 | RM0.20 | x |
| 2023-12-31 | RM0.74 | RM0.20 | x |
| 2024-12-31 | RM0.77 | RM0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tashin Holdings 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): -0.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.29%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.42x
- Recent ROE (-0.41%) is below the historical average (6.90%), 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 | 3.94% | 1.96% | 1.13x | 1.78x | RM-6.39 Million |
| 2016 | 10.53% | 5.67% | 1.15x | 1.61x | RM613.39K |
| 2017 | 10.85% | 6.10% | 0.99x | 1.80x | RM1.23 Million |
| 2018 | 7.24% | 4.33% | 1.28x | 1.30x | RM-4.30 Million |
| 2019 | 0.21% | 0.17% | 0.94x | 1.35x | RM-18.41 Million |
| 2020 | 4.70% | 3.88% | 0.96x | 1.27x | RM-10.47 Million |
| 2021 | 24.44% | 16.11% | 0.97x | 1.56x | RM37.00 Million |
| 2022 | 5.07% | 3.02% | 1.15x | 1.46x | RM-12.76 Million |
| 2023 | 2.39% | 1.70% | 1.07x | 1.31x | RM-19.64 Million |
| 2024 | -0.41% | -0.29% | 0.98x | 1.42x | RM-28.05 Million |
Industry Comparison
This section compares Tashin Holdings Bhd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $409,825,460
- Average return on equity (ROE) among peers: 5.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tashin Holdings Bhd (0211) | RM270.97 Million | 3.94% | 0.31x | $3.14 Million |
| LEFORM (0266) | $169.81 Million | 26.25% | 1.30x | $10.26 Million |
| Minox International Group Berhad (0288) | $49.43 Million | 20.85% | 0.61x | $2.59 Million |
| TSA (0297) | $150.04 Million | 26.76% | 0.61x | $3.80 Million |
| Hydropipes Industries Sdn. Bhd. (03060) | $8.17 Million | 0.00% | 0.21x | $658.12 |
| BWYS Group Berhad (0313) | $217.83 Million | 3.52% | 0.84x | $7.21 Million |
| Colform Group Berhad (0341) | $83.84 Million | 16.50% | 0.18x | $571.81 |
| Saliran Group Berhad (0346) | $20.32 Million | 29.30% | 4.29x | $2.86 Million |
| Melewar Industrial Group Bhd (3778) | $322.00 Million | -66.77% | 3.42x | $5.14 Million |
| Lion Industries Corporation Bhd (4235) | $2.67 Billion | -9.56% | 0.60x | $10.02 Million |