MN Holdings Berhad (0245) - Net Assets
Based on the latest financial reports, MN Holdings Berhad (0245) has net assets worth RM357.85 Million MYR (≈ $89.84 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM533.75 Million ≈ $134.01 Million USD) and total liabilities (RM175.90 Million ≈ $44.16 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. For live market cap and overall valuation, see MN Holdings Berhad stock valuation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM357.85 Million |
| % of Total Assets | 67.04% |
| Annual Growth Rate | 36.48% |
| 5-Year Change | 396.05% |
| 10-Year Change | N/A |
| Growth Volatility | 21.57 |
MN Holdings Berhad - Net Assets Trend (2018–2025)
This chart illustrates how MN Holdings Berhad's net assets have evolved over time, based on quarterly financial data.
Annual Net Assets for MN Holdings Berhad (2018–2025)
The table below shows the annual net assets of MN Holdings Berhad from 2018 to 2025. See MN Holdings Berhad net asset quality index to measure how much of total assets are equity-financed.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM194.69 Million ≈ $48.88 Million |
+64.50% |
| 2024-06-30 | RM118.35 Million ≈ $29.71 Million |
+66.86% |
| 2023-06-30 | RM70.93 Million ≈ $17.81 Million |
+15.47% |
| 2022-06-30 | RM61.43 Million ≈ $15.42 Million |
+56.51% |
| 2021-06-30 | RM39.25 Million ≈ $9.85 Million |
+21.97% |
| 2020-06-30 | RM32.18 Million ≈ $8.08 Million |
+17.50% |
| 2019-06-30 | RM27.39 Million ≈ $6.88 Million |
+24.10% |
| 2018-06-30 | RM22.07 Million ≈ $5.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to MN Holdings Berhad'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 446.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM116.33 Million | 59.92% |
| Common Stock | RM108.14 Million | 55.70% |
| Total Equity | RM194.15 Million | 100.00% |
MN Holdings Berhad Competitors by Market Cap
The table below lists competitors of MN Holdings Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Expressway Company Limited
F:SHZH
|
$616.10 Million |
|
Newcapec Electronics Co Ltd
SHE:300248
|
$616.19 Million |
|
Shandong Sunway Petrochemical Engineering Co Ltd
SHE:002469
|
$616.22 Million |
|
Bank Bukopin Tbk
JK:BBKP
|
$616.46 Million |
|
Naphtha
TA:NFTA
|
$615.97 Million |
|
LG Chem Ltd
KO:051915
|
$615.93 Million |
|
Beijing Advanced Digital Technology Co Ltd
SHE:300541
|
$615.45 Million |
|
Kaili Catalyst & New Materials Co. Ltd. A
SHG:688269
|
$615.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MN Holdings Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 117,947,773 to 194,146,000, a change of 76,198,227 (64.6%).
- Net income of 47,747,060 contributed positively to equity growth.
- Dividend payments of 744,643 reduced retained earnings.
- Share repurchases of 28,167,660 reduced equity.
- New share issuances of 28,167,656 increased equity.
- Other factors increased equity by 29,195,814.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM47.75 Million | +24.59% |
| Dividends Paid | RM744.64K | -0.38% |
| Share Repurchases | RM28.17 Million | -14.51% |
| Share Issuances | RM28.17 Million | +14.51% |
| Other Changes | RM29.20 Million | +15.04% |
| Total Change | RM- | 64.60% |
Book Value vs Market Value Analysis
This analysis compares MN Holdings Berhad'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: 11.07x
- 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 67.97x to 11.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | RM0.05 | RM3.67 | x |
| 2019-06-30 | RM0.07 | RM3.67 | x |
| 2020-06-30 | RM0.08 | RM3.67 | x |
| 2021-06-30 | RM0.10 | RM3.67 | x |
| 2022-06-30 | RM0.15 | RM3.67 | x |
| 2023-06-30 | RM0.17 | RM3.67 | x |
| 2024-06-30 | RM0.25 | RM3.67 | x |
| 2025-06-30 | RM0.33 | RM3.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MN Holdings Berhad 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): 24.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.83%
- • Asset Turnover: 1.39x
- • Equity Multiplier: 2.01x
- Recent ROE (24.59%) is above the historical average (19.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 33.38% | 14.23% | 1.14x | 2.05x | RM5.16 Million |
| 2019 | 23.25% | 9.69% | 1.00x | 2.40x | RM3.63 Million |
| 2020 | 17.59% | 8.32% | 0.94x | 2.24x | RM2.44 Million |
| 2021 | 20.71% | 7.06% | 1.06x | 2.77x | RM4.20 Million |
| 2022 | 9.00% | 5.32% | 0.88x | 1.93x | RM-614.94K |
| 2023 | 13.40% | 5.78% | 1.12x | 2.07x | RM2.41 Million |
| 2024 | 14.34% | 6.60% | 1.24x | 1.75x | RM5.12 Million |
| 2025 | 24.59% | 8.83% | 1.39x | 2.01x | RM28.33 Million |
Industry Comparison
This section compares MN Holdings Berhad's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $70,481,590
- Average return on equity (ROE) among peers: -7.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MN Holdings Berhad (0245) | RM357.85 Million | 33.38% | 0.49x | $616.06 Million |
| Southern Score Builders Berhad (0045) | $-6.44 Million | 0.00% | 0.00x | $336.64 Million |
| Ecobuilt Holdings Bhd (0059) | $72.92 Million | 3.51% | 0.32x | $3.70 Million |
| Mega Sun City Holdings Bhd (0081) | $51.30 Million | 8.28% | 0.35x | $3.72 Million |
| Waja Konsortium Bhd (0102) | $40.78 Million | -60.22% | 0.77x | $14.00 Million |
| Kelington Group Bhd (0151) | $66.99 Million | 13.23% | 1.98x | $1.68 Billion |
| Widad Group Bhd (0162) | $30.13 Million | 10.19% | 0.97x | $11.75 Million |
| Pasukhas Group Bhd (0177) | $36.14 Million | -16.89% | 2.42x | $3.35 Million |
| HSS Engineers Bhd (0185) | $212.92 Million | -48.30% | 0.77x | $66.38 Million |
| Cabnet Holdings Bhd (0191) | $48.01 Million | 5.04% | 0.57x | $9.42 Million |
| Inta Bina Group Bhd (0192) | $152.07 Million | 6.28% | 1.80x | $59.42 Million |
About MN Holdings Berhad
MN Holdings Berhad, an investment holding company, provides underground utilities engineering and substation engineering services and solutions in Malaysia. The company procures, supplies, delivers, installs, lays, constructs, tests, commissions, inspects, repairs, and maintains power and auxiliary cables, and accessories for electricity transmission and distribution; telecommunication and fiber … Read more