CEKD Bhd (0238) - Net Assets
Based on the latest financial reports, CEKD Bhd (0238) has net assets worth RM81.06 Million MYR (≈ $20.35 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 (RM89.50 Million ≈ $22.47 Million USD) and total liabilities (RM8.44 Million ≈ $2.12 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 0238 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM81.06 Million |
| % of Total Assets | 90.57% |
| Annual Growth Rate | 17.29% |
| 5-Year Change | 90.92% |
| 10-Year Change | N/A |
| Growth Volatility | 20.28 |
CEKD Bhd - Net Assets Trend (2018–2025)
This chart illustrates how CEKD Bhd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of CEKD Bhd for the complete picture of this company's asset base.
Annual Net Assets for CEKD Bhd (2018–2025)
The table below shows the annual net assets of CEKD Bhd from 2018 to 2025. For live valuation and market cap data, see 0238 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM77.24 Million ≈ $19.39 Million |
+6.75% |
| 2024-12-31 | RM72.36 Million ≈ $18.17 Million |
+4.50% |
| 2023-12-31 | RM69.24 Million ≈ $17.38 Million |
+6.60% |
| 2022-12-31 | RM64.96 Million ≈ $16.31 Million |
+60.55% |
| 2021-12-31 | RM40.46 Million ≈ $10.16 Million |
+7.88% |
| 2020-12-31 | RM37.51 Million ≈ $9.42 Million |
+7.20% |
| 2019-12-31 | RM34.99 Million ≈ $8.78 Million |
+38.35% |
| 2018-12-31 | RM25.29 Million ≈ $6.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CEKD 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 22.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM17.68 Million | 23.46% |
| Common Stock | RM57.70 Million | 76.54% |
| Total Equity | RM75.39 Million | 100.00% |
CEKD Bhd Competitors by Market Cap
The table below lists competitors of CEKD Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bal Pharma Limited
NSE:BALPHARMA
|
$14.66 Million |
|
Wise Group AB
ST:WISE
|
$14.67 Million |
|
Genmin Ltd
AU:GEN
|
$14.68 Million |
|
Greenvale Energy Ltd
AU:GRV
|
$14.68 Million |
|
Delorean Corporation Ltd
AU:DEL
|
$14.65 Million |
|
Vision Sigma
TA:VISN
|
$14.65 Million |
|
Photomyne Ltd
TA:PHTM
|
$14.65 Million |
|
Cheetah Holdings Bhd
KLSE:7209
|
$14.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CEKD Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 71,440,876 to 75,386,000, a change of 3,945,124 (5.5%).
- Net income of 6,446,750 contributed positively to equity growth.
- Dividend payments of 2,752,000 reduced retained earnings.
- Other comprehensive income increased equity by 31,917,900.
- Other factors decreased equity by 31,667,526.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.45 Million | +8.55% |
| Dividends Paid | RM2.75 Million | -3.65% |
| Other Comprehensive Income | RM31.92 Million | +42.34% |
| Other Changes | RM-31.67 Million | -42.01% |
| Total Change | RM- | 5.52% |
Book Value vs Market Value Analysis
This analysis compares CEKD 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: 0.77x
- 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 1.71x to 0.77x 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 | RM0.18 | RM0.30 | x |
| 2019-12-31 | RM0.24 | RM0.30 | x |
| 2020-12-31 | RM0.19 | RM0.30 | x |
| 2021-12-31 | RM0.21 | RM0.30 | x |
| 2022-12-31 | RM0.33 | RM0.30 | x |
| 2023-12-31 | RM0.35 | RM0.30 | x |
| 2024-12-31 | RM0.37 | RM0.30 | x |
| 2025-12-31 | RM0.39 | RM0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CEKD 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): 8.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.38%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.14x
- Recent ROE (8.55%) is below the historical average (14.91%), 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 | 26.89% | 23.67% | 0.78x | 1.45x | RM4.27 Million |
| 2019 | 27.72% | 34.20% | 0.56x | 1.44x | RM6.20 Million |
| 2020 | 16.10% | 22.91% | 0.49x | 1.45x | RM2.29 Million |
| 2021 | 15.53% | 22.26% | 0.50x | 1.39x | RM2.24 Million |
| 2022 | 7.63% | 16.27% | 0.36x | 1.32x | RM-1.54 Million |
| 2023 | 7.34% | 15.44% | 0.33x | 1.43x | RM-1.83 Million |
| 2024 | 9.53% | 18.78% | 0.45x | 1.14x | RM-334.80K |
| 2025 | 8.55% | 17.38% | 0.43x | 1.14x | RM-1.09 Million |
Industry Comparison
This section compares CEKD Bhd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $240,630,373
- Average return on equity (ROE) among peers: -5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CEKD Bhd (0238) | RM81.06 Million | 26.89% | 0.10x | $14.66 Million |
| Mestron Holdings (0207) | $60.48 Million | 3.75% | 0.40x | $34.93 Million |
| Volcano Bhd (0232) | $103.57 Million | 1.31% | 0.48x | $14.14 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 CEKD Bhd
CEKD Berhad, an investment holding company, manufactures and sells die-cutting molds in Malaysia and internationally. It operates through Manufacturing and Trading segments. The company offers flat die-cutting molds, rotary die-cutting molds, embossing products, and other accessories; and customization services. It also trades in related consumables, tools, and accessories. The company serves the… Read more