Wellspire Holdings Berhad
Wellspire Holdings Berhad, an investment holding company, engages in the distribution of consumer-packaged foods in Thailand, Malaysia, and Singapore. It offers snack food products, such as sunflower seeds, as well as other seeds, nuts, and baked and confectionery products; and trades biomass fuel products. The company also provides management consultancy services. It sells its products under the… Read more
Wellspire Holdings Berhad (0271) - Net Assets
Latest net assets as of September 2024: RM61.29 Million MYR
Based on the latest financial reports, Wellspire Holdings Berhad (0271) has net assets worth RM61.29 Million MYR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM68.85 Million) and total liabilities (RM7.56 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 | RM61.29 Million |
| % of Total Assets | 89.02% |
| Annual Growth Rate | 45.92% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 63.13 |
Wellspire Holdings Berhad - Net Assets Trend (2020–2023)
This chart illustrates how Wellspire Holdings Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wellspire Holdings Berhad (2020–2023)
The table below shows the annual net assets of Wellspire Holdings Berhad from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | RM60.85 Million | +119.58% |
| 2022-12-31 | RM27.71 Million | +91.48% |
| 2021-12-31 | RM14.47 Million | -26.15% |
| 2020-12-31 | RM19.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wellspire 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 decreased by 15.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM12.09 Million | 22.94% |
| Other Components | RM40.61 Million | 77.06% |
| Total Equity | RM52.70 Million | 100.00% |
Wellspire Holdings Berhad Competitors by Market Cap
The table below lists competitors of Wellspire Holdings Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Expleo Solutions Limited
NSE:EXPLEOSOL
|
$37.15 Million |
|
eHealth Inc
NASDAQ:EHTH
|
$37.15 Million |
|
Ekinops SA
PA:EKI
|
$37.16 Million |
|
Novotek AB
ST:NTEK-B
|
$37.16 Million |
|
Merko Gida Sanayi ve Ticaret AS
IS:MERKO
|
$37.14 Million |
|
Wellell Inc
TW:4106
|
$37.12 Million |
|
Muramoto Electron (Thailand) Public Company Limited
BK:METCO
|
$37.12 Million |
|
The Beachbody Company, Inc.
NYSE:BODI
|
$37.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wellspire Holdings Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 21,867,996 to 52,698,704, a change of 30,830,708 (141.0%).
- Net income of 2,637,125 contributed positively to equity growth.
- New share issuances of 28,658,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM2.64 Million | +5.0% |
| Share Issuances | RM28.66 Million | +54.38% |
| Other Changes | RM-464.42K | -0.88% |
| Total Change | RM- | 140.99% |
Book Value vs Market Value Analysis
This analysis compares Wellspire 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: 8.78x
- 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 31.49x to 8.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | RM0.02 | RM0.65 | x |
| 2021-12-31 | RM0.01 | RM0.65 | x |
| 2022-12-31 | RM0.03 | RM0.65 | x |
| 2023-12-31 | RM0.07 | RM0.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wellspire 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): 5.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.11%
- • Asset Turnover: 1.75x
- • Equity Multiplier: 1.35x
- Recent ROE (5.00%) is below the historical average (49.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 80.48% | 9.88% | 3.42x | 2.38x | RM10.36 Million |
| 2021 | 105.59% | 8.13% | 4.16x | 3.12x | RM10.07 Million |
| 2022 | 5.21% | 0.92% | 3.04x | 1.86x | RM-1.05 Million |
| 2023 | 5.00% | 2.11% | 1.75x | 1.35x | RM-2.63 Million |
Industry Comparison
This section compares Wellspire Holdings Berhad's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $235,626,412
- Average return on equity (ROE) among peers: 8.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wellspire Holdings Berhad (0271) | RM61.29 Million | 80.48% | 0.12x | $37.14 Million |
| SCC Holdings Bhd (0158) | $47.99 Million | 0.71% | 0.13x | $1.64 Million |
| Kim Teck Cheong Consolidated Bhd (0180) | $76.25 Million | -10.66% | 3.10x | $3.63 Million |
| Farm Price Holdings Berhad (0304) | $11.11 Million | 28.04% | 2.97x | $8.26 Million |
| Carzo Holdings Bhd (03048) | $-529.03K | 0.00% | 0.00x | $2.94 Million |
| Agricore CS Holdings Berhad (0309) | $13.36 Million | 32.05% | 2.90x | $7.09 Million |
| Dutaland Bhd (3948) | $1.27 Billion | 0.90% | 0.07x | $9.20 Million |