Ecomate Holdings Bhd
Ecomate Holdings Berhad, an investment holding company, designs, develops, produces, markets, and sells ready-to-assemble furniture products and parts in Africa, Australasia, Europe, North America, Malaysia, South America, and Asia. The company offers various furniture products, such as living room furniture, including console tables, coffee tables, multi-function cabinets, shoe cabinets, side ta… Read more
Ecomate Holdings Bhd (0239) - Net Assets
Latest net assets as of September 2025: RM44.70 Million MYR
Based on the latest financial reports, Ecomate Holdings Bhd (0239) has net assets worth RM44.70 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 (RM110.38 Million) and total liabilities (RM65.68 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 | RM44.70 Million |
| % of Total Assets | 40.5% |
| Annual Growth Rate | 64.47% |
| 5-Year Change | 272.51% |
| 10-Year Change | N/A |
| Growth Volatility | 102.11 |
Ecomate Holdings Bhd - Net Assets Trend (2018–2024)
This chart illustrates how Ecomate 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 Ecomate Holdings Bhd (2018–2024)
The table below shows the annual net assets of Ecomate Holdings Bhd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM44.66 Million | +3.40% |
| 2023-12-31 | RM43.19 Million | -0.65% |
| 2022-12-31 | RM43.47 Million | +33.00% |
| 2021-12-31 | RM32.69 Million | +172.64% |
| 2020-12-31 | RM11.99 Million | +41.55% |
| 2019-12-31 | RM8.47 Million | +275.61% |
| 2018-12-31 | RM2.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ecomate 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 900.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM15.56 Million | 34.85% |
| Common Stock | RM29.10 Million | 65.15% |
| Total Equity | RM44.66 Million | 100.00% |
Ecomate Holdings Bhd Competitors by Market Cap
The table below lists competitors of Ecomate Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orient Ceratech Limited
NSE:ORIENTCER
|
$11.83 Million |
|
Eastland Equity Bhd
KLSE:2097
|
$11.83 Million |
|
Victory Contents Co.,Ltd.
KQ:210120
|
$11.84 Million |
|
Gazit Globe Ltd
TA:GZT
|
$11.85 Million |
|
ES Cube Co. Ltd
KQ:050120
|
$11.82 Million |
|
Choice Development Inc
TW:9929
|
$11.82 Million |
|
Jetbest
TWO:4741
|
$11.82 Million |
|
North Peak Resources Ltd
PINK:BTLLF
|
$11.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ecomate Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 43,190,270 to 44,659,940, a change of 1,469,670 (3.4%).
- Net income of 1,469,680 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.47 Million | +3.29% |
| Other Changes | RM-10.00 | -0.0% |
| Total Change | RM- | 3.40% |
Book Value vs Market Value Analysis
This analysis compares Ecomate 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: 13.63x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 131.93x to 13.63x 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 | RM0.01 | RM0.85 | x |
| 2019-12-31 | RM0.02 | RM0.85 | x |
| 2020-12-31 | RM0.03 | RM0.85 | x |
| 2021-12-31 | RM0.09 | RM0.85 | x |
| 2022-12-31 | RM0.12 | RM0.85 | x |
| 2023-12-31 | RM0.06 | RM0.85 | x |
| 2024-12-31 | RM0.06 | RM0.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ecomate 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): 3.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.91%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.54x
- Recent ROE (3.29%) is below the historical average (47.24%), 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 | 148.16% | 13.84% | 1.60x | 6.71x | RM3.12 Million |
| 2019 | 68.80% | 13.74% | 1.53x | 3.27x | RM4.98 Million |
| 2020 | 71.06% | 15.12% | 1.45x | 3.24x | RM7.32 Million |
| 2021 | 21.70% | 12.08% | 1.04x | 1.73x | RM3.82 Million |
| 2022 | 14.19% | 12.01% | 0.80x | 1.47x | RM1.82 Million |
| 2023 | 3.49% | 3.19% | 0.69x | 1.59x | RM-2.81 Million |
| 2024 | 3.29% | 2.91% | 0.74x | 1.54x | RM-3.00 Million |
Industry Comparison
This section compares Ecomate Holdings Bhd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $278,276,235
- Average return on equity (ROE) among peers: 21.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ecomate Holdings Bhd (0239) | RM44.70 Million | 148.16% | 1.47x | $11.83 Million |
| Wegmans Holdings Berhad (0197) | $84.66 Million | 10.34% | 0.79x | $1.67 Million |
| Spring Art Holdings Bhd (0216) | $17.28 Million | 41.64% | 0.47x | $2.84 Million |
| Mobilia Holdings Bhd (0229) | $19.91 Million | 31.45% | 0.86x | $2.54 Million |
| Synergy House Berhad (0279) | $20.19 Million | 59.96% | 3.30x | $4.11 Million |
| Topmix Berhad (0302) | $21.57 Million | 20.48% | 1.42x | $8.62 Million |
| Sorento Capital Berhad (0326) | $143.13 Million | 18.33% | 0.37x | $1.31K |
| FACB Industries Incorporated (2984) | $226.23 Million | 0.98% | 0.10x | $7.48 Million |
| Panasonic Manufacture Malaysia (3719) | $836.84 Million | 12.64% | 0.21x | $43.67 Million |
| Evergreen Fibreboard Bhd (5101) | $1.13 Billion | -3.70% | 0.39x | $9.96 Million |