Econframe Bhd (0227) - Net Assets
Based on the latest financial reports, Econframe Bhd (0227) has net assets worth RM119.06 Million MYR (≈ $29.89 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 (RM197.25 Million ≈ $49.52 Million USD) and total liabilities (RM78.19 Million ≈ $19.63 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 Econframe Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM119.06 Million |
| % of Total Assets | 60.36% |
| Annual Growth Rate | 27.96% |
| 5-Year Change | 116.21% |
| 10-Year Change | N/A |
| Growth Volatility | 20.06 |
Econframe Bhd - Net Assets Trend (2017–2025)
This chart illustrates how Econframe Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 0227 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Econframe Bhd (2017–2025)
The table below shows the annual net assets of Econframe Bhd from 2017 to 2025. For live valuation and market cap data, see market cap of Econframe Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM116.59 Million ≈ $29.27 Million |
-2.05% |
| 2024-12-31 | RM119.03 Million ≈ $29.88 Million |
+39.28% |
| 2023-12-31 | RM85.46 Million ≈ $21.46 Million |
+34.50% |
| 2022-12-31 | RM63.54 Million ≈ $15.95 Million |
+17.83% |
| 2021-12-31 | RM53.92 Million ≈ $13.54 Million |
+72.01% |
| 2020-12-31 | RM31.35 Million ≈ $7.87 Million |
+20.53% |
| 2019-12-31 | RM26.01 Million ≈ $6.53 Million |
+21.06% |
| 2018-12-31 | RM21.48 Million ≈ $5.39 Million |
+32.48% |
| 2017-12-31 | RM16.22 Million ≈ $4.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Econframe 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 195.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM44.71 Million | 38.35% |
| Common Stock | RM74.86 Million | 64.21% |
| Total Equity | RM116.59 Million | 100.00% |
Econframe Bhd Competitors by Market Cap
The table below lists competitors of Econframe Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Litium AB (publ)
ST:LITI
|
$25.09 Million |
|
IL&FS Investment Managers Limited
NSE:IVC
|
$25.10 Million |
|
Skye Bioscience, Inc. Common Stock
NASDAQ:SKYE
|
$25.11 Million |
|
Cosol Ltd
AU:COS
|
$25.11 Million |
|
AJ Advance Technology Public Company Limited
BK:AJA
|
$25.08 Million |
|
Kurniamitra Duta Sentosa Tbk
JK:KMDS
|
$25.08 Million |
|
Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B
SHG:900904
|
$25.08 Million |
|
Golden Lime PCL
BK:SUTHA
|
$25.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Econframe Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 114,283,000 to 116,586,140, a change of 2,303,140 (2.0%).
- Net income of 2,775,300 contributed positively to equity growth.
- Dividend payments of 7,359,600 reduced retained earnings.
- Share repurchases of 154,170 reduced equity.
- New share issuances of 3,135,846 increased equity.
- Other factors increased equity by 3,905,764.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM2.78 Million | +2.38% |
| Dividends Paid | RM7.36 Million | -6.31% |
| Share Repurchases | RM154.17K | -0.13% |
| Share Issuances | RM3.14 Million | +2.69% |
| Other Changes | RM3.91 Million | +3.35% |
| Total Change | RM- | 2.02% |
Book Value vs Market Value Analysis
This analysis compares Econframe 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: 0.87x
- 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 4.25x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | RM0.06 | RM0.27 | x |
| 2018-12-31 | RM0.08 | RM0.27 | x |
| 2019-12-31 | RM0.10 | RM0.27 | x |
| 2020-12-31 | RM0.12 | RM0.27 | x |
| 2021-12-31 | RM0.17 | RM0.27 | x |
| 2022-12-31 | RM0.20 | RM0.27 | x |
| 2023-12-31 | RM0.25 | RM0.27 | x |
| 2024-12-31 | RM0.31 | RM0.27 | x |
| 2025-12-31 | RM0.30 | RM0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Econframe 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): 2.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.50%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.68x
- Recent ROE (2.38%) is below the historical average (16.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 19.18% | 8.76% | 1.46x | 1.50x | RM1.49 Million |
| 2018 | 23.72% | 12.80% | 1.33x | 1.39x | RM2.95 Million |
| 2019 | 31.28% | 18.45% | 1.33x | 1.28x | RM5.53 Million |
| 2020 | 17.03% | 13.14% | 1.12x | 1.16x | RM2.20 Million |
| 2021 | 9.48% | 12.47% | 0.69x | 1.09x | RM-282.10K |
| 2022 | 17.69% | 18.92% | 0.80x | 1.17x | RM4.89 Million |
| 2023 | 15.29% | 17.21% | 0.80x | 1.12x | RM4.52 Million |
| 2024 | 9.59% | 10.59% | 0.70x | 1.30x | RM-465.87K |
| 2025 | 2.38% | 2.50% | 0.57x | 1.68x | RM-8.88 Million |
Industry Comparison
This section compares Econframe Bhd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $253,546,205
- Average return on equity (ROE) among peers: 3.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Econframe Bhd (0227) | RM119.06 Million | 19.18% | 0.66x | $25.09 Million |
| Chuan Huat Resources Bhd (7016) | $265.43 Million | 3.76% | 0.94x | $9.32 Million |
| Seacera Group Bhd (7073) | $707.60 Million | 0.94% | 0.21x | $9.37 Million |
| AbleGroup Bhd (7086) | $45.83 Million | -1.90% | 0.08x | $3.98 Million |
| United U Li Corporation Bhd (7133) | $285.28 Million | 6.71% | 0.28x | $80.93 Million |
| CSH Alliance Bhd (7165) | $45.00 Million | 0.00% | 1.07x | $13.87 Million |
| Resintech Bhd (7232) | $174.08 Million | 0.58% | 0.47x | $22.45 Million |
| Superlon Holdings Bhd (7235) | $135.77 Million | 9.70% | 0.22x | $26.08 Million |
| Ajiya Bhd (7609) | $367.08 Million | 4.77% | 0.32x | $136.97 Million |
| KPS Consortium Bhd (9121) | $255.85 Million | 4.87% | 0.91x | $26.33 Million |
About Econframe Bhd
Econframe Berhad, an investment holding company, manufactures and sells doors, and door and window frames primarily in Malaysia. It operates through Manufacturing and Trading segments. The company offers metal and wooden doors and frames, fire resistant door sets, steel doors, and pre-hung doors. It is also involved in the trading of wooden doors; and ironmongery products, such as handles, locks,… Read more