Volcano Bhd (0232) - Net Assets
Based on the latest financial reports, Volcano Bhd (0232) has net assets worth RM103.13 Million MYR (≈ $25.89 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM155.22 Million ≈ $38.97 Million USD) and total liabilities (RM52.09 Million ≈ $13.08 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 financial resilience of Volcano Bhd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM103.13 Million |
| % of Total Assets | 66.44% |
| Annual Growth Rate | 8.9% |
| 5-Year Change | 53.73% |
| 10-Year Change | N/A |
| Growth Volatility | 8.01 |
Volcano Bhd - Net Assets Trend (2018–2024)
This chart illustrates how Volcano Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Volcano Bhd total assets for the complete picture of this company's asset base.
Annual Net Assets for Volcano Bhd (2018–2024)
The table below shows the annual net assets of Volcano Bhd from 2018 to 2024. For live valuation and market cap data, see Volcano Bhd (0232) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM103.57 Million ≈ $26.00 Million |
+0.16% |
| 2023-12-31 | RM103.41 Million ≈ $25.96 Million |
+20.72% |
| 2022-12-31 | RM85.66 Million ≈ $21.51 Million |
+7.82% |
| 2021-12-31 | RM79.44 Million ≈ $19.95 Million |
+17.92% |
| 2020-12-31 | RM67.37 Million ≈ $16.91 Million |
-0.40% |
| 2019-12-31 | RM67.65 Million ≈ $16.98 Million |
+8.96% |
| 2018-12-31 | RM62.08 Million ≈ $15.59 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Volcano 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 39.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM75.69 Million | 73.08% |
| Common Stock | RM93.64 Million | 90.42% |
| Other Comprehensive Income | RM-65.76 Million | -63.49% |
| Total Equity | RM103.57 Million | 100.00% |
Volcano Bhd Competitors by Market Cap
The table below lists competitors of Volcano Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intelligent Group Limited Ordinary Shares
NASDAQ:INTJ
|
$14.14 Million |
|
Obiz Concept SAS
PA:ALBIZ
|
$14.15 Million |
|
NSX Ltd
AU:NSX
|
$14.16 Million |
|
Tasman Resources Ltd
AU:TAS
|
$14.17 Million |
|
Boule Diagnostics AB
ST:BOUL
|
$14.13 Million |
|
KIWI Media Group Co.Ltd
KO:012170
|
$14.11 Million |
|
MSCM Holdings Bhd
KLSE:0041
|
$14.11 Million |
|
Asuransi Jasa Tania Tbk
JK:ASJT
|
$14.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Volcano Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 103,406,669 to 103,570,000, a change of 163,331 (0.2%).
- Net income of 1,353,000 contributed positively to equity growth.
- Dividend payments of 1,489,000 reduced retained earnings.
- Other comprehensive income decreased equity by 67,701,427.
- Other factors increased equity by 68,000,758.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.35 Million | +1.31% |
| Dividends Paid | RM1.49 Million | -1.44% |
| Other Comprehensive Income | RM-67.70 Million | -65.37% |
| Other Changes | RM68.00 Million | +65.66% |
| Total Change | RM- | 0.16% |
Book Value vs Market Value Analysis
This analysis compares Volcano 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: 0.54x
- 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 0.82x to 0.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | RM0.38 | RM0.31 | x |
| 2019-12-31 | RM0.41 | RM0.31 | x |
| 2020-12-31 | RM0.41 | RM0.31 | x |
| 2021-12-31 | RM0.50 | RM0.31 | x |
| 2022-12-31 | RM0.52 | RM0.31 | x |
| 2023-12-31 | RM0.60 | RM0.31 | x |
| 2024-12-31 | RM0.57 | RM0.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Volcano 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): 1.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.65%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.48x
- Recent ROE (1.31%) is below the historical average (7.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 11.20% | 11.85% | 0.87x | 1.08x | RM743.80K |
| 2019 | 7.07% | 8.55% | 0.75x | 1.10x | RM-1.98 Million |
| 2020 | 5.02% | 6.44% | 0.71x | 1.10x | RM-3.35 Million |
| 2021 | 12.67% | 13.80% | 0.84x | 1.09x | RM2.12 Million |
| 2022 | 7.05% | 8.09% | 0.75x | 1.15x | RM-2.53 Million |
| 2023 | 5.06% | 7.23% | 0.61x | 1.15x | RM-5.11 Million |
| 2024 | 1.31% | 1.65% | 0.54x | 1.48x | RM-9.00 Million |
Industry Comparison
This section compares Volcano Bhd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $236,339,940
- Average return on equity (ROE) among peers: -4.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Volcano Bhd (0232) | RM103.13 Million | 11.20% | 0.51x | $14.14 Million |
| Mestron Holdings (0207) | $60.48 Million | 3.75% | 0.40x | $34.93 Million |
| CEKD Bhd (0238) | $64.96 Million | 7.63% | 0.32x | $14.66 Million |
| Coraza Integrated Technology Bhd (0240) | $29.25 Million | 27.40% | 1.03x | $109.19 Million |
| SFP Tech Holdings Bhd (0251) | $74.50 Million | 26.07% | 0.78x | $114.49 Million |
| Wentel Engineering Holdings Berhad (0298) | $186.46 Million | 8.06% | 0.15x | $77.96 Million |
| Seremban Engineering Bhd (5163) | $25.52 Million | -141.72% | 3.68x | $13.30 Million |
| Uwc Bhd (5292) | $304.78 Million | 30.03% | 0.18x | $1.61 Billion |
| APB Resources Bhd (5568) | $158.11 Million | -11.17% | 0.05x | $5.14 Million |
| Kumpulan Perangsang Selangor (5843) | $1.22 Billion | 9.48% | 1.30x | $78.93 Million |
About Volcano Bhd
Volcano Berhad, together with its subsidiaries, manufactures and trades in parts and components in Thailand, Singapore, Malaysia, Indonesia, China, the United States, and internationally. It operates in two segments, Name Plate and Plastic Injection. The company offers metal and non-metal nameplates; electrical, electronics, and automotive components; aluminium, stainless steel, acrylic, PMMA, do… Read more