NationGate Holdings Berhad (0270) - Net Assets
Based on the latest financial reports, NationGate Holdings Berhad (0270) has net assets worth RM1.06 Billion MYR (≈ $267.21 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM2.36 Billion ≈ $593.05 Million USD) and total liabilities (RM1.30 Billion ≈ $325.84 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 0270 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM1.06 Billion |
| % of Total Assets | 45.06% |
| Annual Growth Rate | 61.63% |
| 5-Year Change | 739.46% |
| 10-Year Change | N/A |
| Growth Volatility | 34.38 |
NationGate Holdings Berhad - Net Assets Trend (2019–2024)
This chart illustrates how NationGate Holdings Berhad's net assets have evolved over time, based on quarterly financial data. See 0270 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for NationGate Holdings Berhad (2019–2024)
The table below shows the annual net assets of NationGate Holdings Berhad from 2019 to 2024. For live valuation and market cap data, see NationGate Holdings Berhad market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM943.39 Million ≈ $236.86 Million |
+123.52% |
| 2023-12-31 | RM422.06 Million ≈ $105.96 Million |
+84.27% |
| 2022-12-31 | RM229.05 Million ≈ $57.51 Million |
+44.57% |
| 2021-12-31 | RM158.43 Million ≈ $39.78 Million |
+40.98% |
| 2020-12-31 | RM112.38 Million ≈ $28.22 Million |
+31.55% |
| 2019-12-31 | RM85.43 Million ≈ $21.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NationGate 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 368.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM353.56 Million | 38.47% |
| Common Stock | RM698.87 Million | 76.04% |
| Other Comprehensive Income | RM-132.83 Million | -14.45% |
| Total Equity | RM919.07 Million | 100.00% |
NationGate Holdings Berhad Competitors by Market Cap
The table below lists competitors of NationGate Holdings Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Flat Capital AB Series B
ST:FLAT-B
|
$443.26 Million |
|
Sinosun Tech
SHE:300333
|
$443.49 Million |
|
Advanced Ceramic X
TWO:3152
|
$443.58 Million |
|
Weihai Huadong Automation Co Ltd
SHE:002248
|
$443.66 Million |
|
Alfas Solar Enerji Sanayi ve Ticaret A.S.
IS:ALFAS
|
$443.02 Million |
|
Sublime China Information Co. Ltd. A
SHE:301299
|
$442.95 Million |
|
Jiangsu Lianfa Textile Co Ltd
SHE:002394
|
$442.89 Million |
|
BlackRock Municipal Income Closed Fund
NYSE:BFK
|
$442.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NationGate Holdings Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 414,748,799 to 919,069,000, a change of 504,320,201 (121.6%).
- Net income of 160,190,000 contributed positively to equity growth.
- Dividend payments of 23,752,000 reduced retained earnings.
- Other comprehensive income increased equity by 525,923.
- Other factors increased equity by 367,356,278.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM160.19 Million | +17.43% |
| Dividends Paid | RM23.75 Million | -2.58% |
| Other Comprehensive Income | RM525.92K | +0.06% |
| Other Changes | RM367.36 Million | +39.97% |
| Total Change | RM- | 121.60% |
Book Value vs Market Value Analysis
This analysis compares NationGate 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: 1.92x
- 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 9.07x to 1.92x 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 | RM0.09 | RM0.78 | x |
| 2020-12-31 | RM0.11 | RM0.78 | x |
| 2021-12-31 | RM0.16 | RM0.78 | x |
| 2022-12-31 | RM0.11 | RM0.78 | x |
| 2023-12-31 | RM0.20 | RM0.78 | x |
| 2024-12-31 | RM0.40 | RM0.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NationGate 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): 17.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.04%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 4.06x
- Recent ROE (17.43%) is below the historical average (23.26%), 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 | 6.16% | 1.61% | 1.02x | 3.75x | RM-3.28 Million |
| 2020 | 27.32% | 5.41% | 1.20x | 4.21x | RM19.41 Million |
| 2021 | 36.78% | 7.53% | 1.26x | 3.89x | RM41.74 Million |
| 2022 | 37.23% | 9.02% | 1.24x | 3.33x | RM62.36 Million |
| 2023 | 14.66% | 9.53% | 0.87x | 1.77x | RM19.34 Million |
| 2024 | 17.43% | 3.04% | 1.41x | 4.06x | RM68.28 Million |
Industry Comparison
This section compares NationGate Holdings Berhad's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $226,680,254
- Average return on equity (ROE) among peers: 12.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NationGate Holdings Berhad (0270) | RM1.06 Billion | 6.16% | 1.22x | $443.18 Million |
| Scope Industries Bhd (0028) | $109.56 Million | 1.45% | 0.24x | $23.20 Million |
| Notion Vtec Bhd (0083) | $233.91 Million | 16.25% | 0.69x | $56.13 Million |
| K-One Technology Bhd (0111) | $115.00 Million | 0.30% | 0.50x | $24.02 Million |
| JHM Consolidation Bhd (0127) | $124.25 Million | 23.86% | 0.46x | $65.42 Million |
| GUH Holdings Bhd (3247) | $524.79 Million | 3.60% | 0.26x | $18.97 Million |
| Cape EMS Berhad (5311) | $169.56 Million | 15.49% | 1.37x | $66.00 Million |
| CPE Technology Berhad (5317) | $103.59 Million | 32.74% | 0.56x | $137.36 Million |
| VS Industry Bhd (6963) | $393.83 Million | 6.17% | 0.91x | $188.71 Million |
| PIE Industrial Bhd (7095) | $265.61 Million | 12.93% | 0.24x | $155.24 Million |
About NationGate Holdings Berhad
NationGate Holdings Berhad, an investment holding company, provides electronic manufacturing services. It is involved in the assembly and testing of electronic components and products to produce completed printed circuit boards, semi-finished subassemblies, and fully assembled electronic products, as well as semiconductor devices. The company also engages in the manufacture of servers, network sw… Read more