Pappajack Bhd (0242) - Net Assets
Based on the latest financial reports, Pappajack Bhd (0242) has net assets worth RM272.10 Million MYR (≈ $68.31 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM361.68 Million ≈ $90.81 Million USD) and total liabilities (RM89.58 Million ≈ $22.49 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 how tangible is Pappajack Bhd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM272.10 Million |
| % of Total Assets | 75.23% |
| Annual Growth Rate | 29.76% |
| 5-Year Change | 142.87% |
| 10-Year Change | N/A |
| Growth Volatility | 22.98 |
Pappajack Bhd - Net Assets Trend (2018–2024)
This chart illustrates how Pappajack Bhd's net assets have evolved over time, based on quarterly financial data. See 0242 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pappajack Bhd (2018–2024)
The table below shows the annual net assets of Pappajack Bhd from 2018 to 2024. For live valuation and market cap data, see 0242 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM262.34 Million ≈ $65.86 Million |
+6.95% |
| 2023-12-31 | RM245.28 Million ≈ $61.58 Million |
+41.41% |
| 2022-12-31 | RM173.46 Million ≈ $43.55 Million |
+51.09% |
| 2021-12-31 | RM114.80 Million ≈ $28.82 Million |
+6.28% |
| 2020-12-31 | RM108.01 Million ≈ $27.12 Million |
+66.98% |
| 2019-12-31 | RM64.69 Million ≈ $16.24 Million |
+17.77% |
| 2018-12-31 | RM54.93 Million ≈ $13.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pappajack 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 3133.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM49.35 Million | 18.81% |
| Common Stock | RM211.70 Million | 80.70% |
| Other Components | RM1.29 Million | 0.49% |
| Total Equity | RM262.34 Million | 100.00% |
Pappajack Bhd Competitors by Market Cap
The table below lists competitors of Pappajack Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aimia Inc
TO:AIM
|
$177.35 Million |
|
Lee Enterprises Incorporated
NASDAQ:LEE
|
$177.39 Million |
|
NP3 Fastigheter AB (publ)
ST:NP3-PREF
|
$177.48 Million |
|
Starrag Group Holding AG
SW:STGN
|
$177.55 Million |
|
Thien Long Group Corp
VN:TLG
|
$177.32 Million |
|
Xiongan Kerong Environment Technology Co Ltd
SHE:300152
|
$177.32 Million |
|
Husteel
KO:005010
|
$177.25 Million |
|
Lucky Cement Co
TW:1108
|
$177.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pappajack Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 245,284,450 to 262,335,630, a change of 17,051,180 (7.0%).
- Net income of 24,001,280 contributed positively to equity growth.
- Dividend payments of 7,682,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM24.00 Million | +9.15% |
| Dividends Paid | RM7.68 Million | -2.93% |
| Other Changes | RM731.90K | +0.28% |
| Total Change | RM- | 6.95% |
Book Value vs Market Value Analysis
This analysis compares Pappajack 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: 2.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.19x to 2.69x 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 | RM0.08 | RM0.92 | x |
| 2019-12-31 | RM0.10 | RM0.92 | x |
| 2020-12-31 | RM0.16 | RM0.92 | x |
| 2021-12-31 | RM0.17 | RM0.92 | x |
| 2022-12-31 | RM0.26 | RM0.92 | x |
| 2023-12-31 | RM0.32 | RM0.92 | x |
| 2024-12-31 | RM0.34 | RM0.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pappajack 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): 9.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.35%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.16x
- Recent ROE (9.15%) is above the historical average (6.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 2.86% | 15.69% | 0.17x | 1.10x | RM-3.92 Million |
| 2019 | 3.03% | 10.22% | 0.26x | 1.16x | RM-4.51 Million |
| 2020 | 7.60% | 26.68% | 0.24x | 1.19x | RM-2.59 Million |
| 2021 | 5.91% | 12.54% | 0.40x | 1.18x | RM-4.69 Million |
| 2022 | 5.82% | 14.42% | 0.32x | 1.27x | RM-7.26 Million |
| 2023 | 8.15% | 18.27% | 0.38x | 1.17x | RM-4.54 Million |
| 2024 | 9.15% | 20.35% | 0.39x | 1.16x | RM-2.23 Million |
Industry Comparison
This section compares Pappajack Bhd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $947,719,305
- Average return on equity (ROE) among peers: 11.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pappajack Bhd (0242) | RM272.10 Million | 2.86% | 0.33x | $177.33 Million |
| Evergreen Max Cash Capital Berhad (0286) | $76.41 Million | 8.28% | 0.76x | $91.43 Million |
| Aeon Credit Service Bhd (5139) | $2.64 Billion | 15.70% | 3.78x | $756.37 Million |
| ELK-Desa Resources Bhd (5228) | $493.32 Million | 6.62% | 0.81x | $111.66 Million |
| RCE Capital Berhad (9296) | $583.52 Million | 16.37% | 2.82x | $398.06 Million |
About Pappajack Bhd
Pappajack Berhad operates licensed pawnshops in Malaysia. It operates through Interest charges from pawnbroking, and Sales of unredeemed or bid pledges segment. The company provides pawnbroking services through a network of pawnbroking outlets. Pappajack Berhad was incorporated in 2013 and is headquartered in Puchong, Malaysia.