LEFORM
Leform Berhad engages in manufacturing and trading of steel products in Malaysia. The company offers round steel pipes; steel hollow sections; oval and ellipse steel pipes; scaffolding pipes; gate channels, trolley tracks, and U-channels; guardrails; slitted steel coils; and steel sheets. It also provides transportation of streel products. The company's products are used in furniture and construc… Read more
LEFORM (0266) - Net Assets
Latest net assets as of September 2025: RM221.77 Million MYR
Based on the latest financial reports, LEFORM (0266) has net assets worth RM221.77 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 (RM438.82 Million) and total liabilities (RM217.06 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 | RM221.77 Million |
| % of Total Assets | 50.54% |
| Annual Growth Rate | 12.86% |
| 5-Year Change | 75.64% |
| 10-Year Change | N/A |
| Growth Volatility | 97.04 |
LEFORM - Net Assets Trend (2019–2024)
This chart illustrates how LEFORM's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for LEFORM (2019–2024)
The table below shows the annual net assets of LEFORM from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM220.88 Million | +2.28% |
| 2023-12-31 | RM215.96 Million | -60.86% |
| 2022-12-31 | RM551.74 Million | +224.91% |
| 2021-12-31 | RM169.81 Million | +35.03% |
| 2020-12-31 | RM125.76 Million | +4.28% |
| 2019-12-31 | RM120.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LEFORM'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 66.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM23.60 Million | 10.74% |
| Common Stock | RM146.91 Million | 66.83% |
| Other Comprehensive Income | RM49.33 Million | 22.44% |
| Total Equity | RM219.84 Million | 100.00% |
LEFORM Competitors by Market Cap
The table below lists competitors of LEFORM ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cresud S.A.C.I.F. y A. Warrant
NASDAQ:CRESW
|
$10.26 Million |
|
Toro Energy Limited
PINK:TOEYF
|
$10.26 Million |
|
Terranet AB
ST:TERRNT-B
|
$10.26 Million |
|
Eupe Corporation Bhd
KLSE:6815
|
$10.27 Million |
|
Spruce Ridge Resources Ltd
OTCQB:SRCGF
|
$10.26 Million |
|
Harn Engineering Solutions Public Company Limited
BK:HARN
|
$10.25 Million |
|
Wesizwe Platinum Limited
PINK:WSZWF
|
$10.25 Million |
|
Luda Technology Group Limited
NYSE MKT:LUD
|
$10.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LEFORM's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 213,819,000 to 219,837,000, a change of 6,018,000 (2.8%).
- Net income of 2,422,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 3,596,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM2.42 Million | +1.1% |
| Other Comprehensive Income | RM3.60 Million | +1.64% |
| Total Change | RM- | 2.81% |
Book Value vs Market Value Analysis
This analysis compares LEFORM'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: 1.15x
- 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 2.12x to 1.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | RM0.08 | RM0.17 | x |
| 2020-12-31 | RM0.08 | RM0.17 | x |
| 2021-12-31 | RM0.11 | RM0.17 | x |
| 2022-12-31 | RM0.46 | RM0.17 | x |
| 2023-12-31 | RM0.14 | RM0.17 | x |
| 2024-12-31 | RM0.15 | RM0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LEFORM 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): 1.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.60%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 2.07x
- Recent ROE (1.10%) is below the historical average (4.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -1.43% | -0.49% | 0.96x | 3.02x | RM-13.60 Million |
| 2020 | 5.50% | 1.92% | 1.02x | 2.82x | RM-5.57 Million |
| 2021 | 26.68% | 11.92% | 0.96x | 2.33x | RM27.87 Million |
| 2022 | -1.32% | -1.94% | 0.19x | 3.64x | RM-62.20 Million |
| 2023 | -2.32% | -1.34% | 0.81x | 2.14x | RM-26.34 Million |
| 2024 | 1.10% | 0.60% | 0.89x | 2.07x | RM-19.56 Million |
Industry Comparison
This section compares LEFORM's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $402,681,844
- Average return on equity (ROE) among peers: 2.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LEFORM (0266) | RM221.77 Million | -1.43% | 0.98x | $10.26 Million |
| Tashin Holdings Bhd (0211) | $105.52 Million | 3.94% | 0.78x | $3.14 Million |
| Minox International Group Berhad (0288) | $49.43 Million | 20.85% | 0.61x | $2.59 Million |
| TSA (0297) | $150.04 Million | 26.76% | 0.61x | $3.80 Million |
| Hydropipes Industries Sdn. Bhd. (03060) | $8.17 Million | 0.00% | 0.21x | $658.12 |
| BWYS Group Berhad (0313) | $217.83 Million | 3.52% | 0.84x | $7.21 Million |
| Colform Group Berhad (0341) | $83.84 Million | 16.50% | 0.18x | $571.81 |
| Saliran Group Berhad (0346) | $20.32 Million | 29.30% | 4.29x | $2.86 Million |
| Melewar Industrial Group Bhd (3778) | $322.00 Million | -66.77% | 3.42x | $5.14 Million |
| Lion Industries Corporation Bhd (4235) | $2.67 Billion | -9.56% | 0.60x | $10.02 Million |