Glostrext Berhad (0284) - Net Assets
Based on the latest financial reports, Glostrext Berhad (0284) has net assets worth RM55.87 Million MYR (≈ $14.03 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM65.08 Million ≈ $16.34 Million USD) and total liabilities (RM9.21 Million ≈ $2.31 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 Glostrext Berhad asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM55.87 Million |
| % of Total Assets | 85.85% |
| Annual Growth Rate | 22.91% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 17.84 |
Glostrext Berhad - Net Assets Trend (2020–2024)
This chart illustrates how Glostrext Berhad's net assets have evolved over time, based on quarterly financial data. Also explore Glostrext Berhad balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Glostrext Berhad (2020–2024)
The table below shows the annual net assets of Glostrext Berhad from 2020 to 2024. For live valuation and market cap data, see Glostrext Berhad stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | RM54.21 Million ≈ $13.61 Million |
+53.94% |
| 2023-03-31 | RM35.21 Million ≈ $8.84 Million |
+16.91% |
| 2022-03-31 | RM30.12 Million ≈ $7.56 Million |
+18.87% |
| 2021-03-31 | RM25.34 Million ≈ $6.36 Million |
+6.67% |
| 2020-03-31 | RM23.75 Million ≈ $5.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Glostrext 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 41.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM30.94 Million | 57.08% |
| Other Components | RM23.27 Million | 42.92% |
| Total Equity | RM54.21 Million | 100.00% |
Glostrext Berhad Competitors by Market Cap
The table below lists competitors of Glostrext Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amanah Leasing Public Company Limited
BK:AMANAH
|
$22.51 Million |
|
Southern Energy Corp
V:SOU
|
$22.52 Million |
|
Photon Energy N.V.
WAR:PEN
|
$22.52 Million |
|
Spacenet Enterprises India Limited
NSE:SPCENET
|
$22.53 Million |
|
Desert Mountain Energy Corp
V:DME
|
$22.51 Million |
|
Klaria Pharma Holding AB
ST:KLAR
|
$22.50 Million |
|
Gabungan AQRS Bhd
KLSE:5226
|
$22.48 Million |
|
Quest Resource Holding Corp
NASDAQ:QRHC
|
$22.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Glostrext Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,213,537 to 54,206,662, a change of 18,993,125 (53.9%).
- Net income of 1,484,330 contributed positively to equity growth.
- Dividend payments of 2,035,205 reduced retained earnings.
- New share issuances of 18,752,244 increased equity.
- Other factors increased equity by 791,756.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.48 Million | +2.74% |
| Dividends Paid | RM2.04 Million | -3.75% |
| Share Issuances | RM18.75 Million | +34.59% |
| Other Changes | RM791.76K | +1.46% |
| Total Change | RM- | 53.94% |
Book Value vs Market Value Analysis
This analysis compares Glostrext 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: 1.61x
- 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 3.83x to 1.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-03-31 | RM0.06 | RM0.22 | x |
| 2021-03-31 | RM0.06 | RM0.22 | x |
| 2022-03-31 | RM0.07 | RM0.22 | x |
| 2023-03-31 | RM0.09 | RM0.22 | x |
| 2024-03-31 | RM0.13 | RM0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Glostrext 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): 2.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.82%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.15x
- Recent ROE (2.74%) is below the historical average (12.80%), 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 | 17.89% | 17.05% | 0.61x | 1.72x | RM1.80 Million |
| 2021 | 9.22% | 13.20% | 0.42x | 1.67x | RM-189.70K |
| 2022 | 22.45% | 25.45% | 0.61x | 1.44x | RM3.75 Million |
| 2023 | 11.69% | 19.04% | 0.47x | 1.32x | RM593.40K |
| 2024 | 2.74% | 5.82% | 0.41x | 1.15x | RM-3.94 Million |
Industry Comparison
This section compares Glostrext Berhad's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $101,046,365
- Average return on equity (ROE) among peers: 7.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glostrext Berhad (0284) | RM55.87 Million | 17.89% | 0.16x | $22.51 Million |
| Southern Score Builders Berhad (0045) | $148.98 Million | 16.99% | 0.33x | $313.81 Million |
| Ecobuilt Holdings Bhd (0059) | $66.08 Million | 12.86% | 0.15x | $4.23 Million |
| Mega Sun City Holdings Bhd (0081) | $52.47 Million | -28.16% | 0.02x | $3.72 Million |
| Waja Konsortium Bhd (0102) | $33.07 Million | -28.61% | 0.43x | $11.20 Million |
| Kelington Group Bhd (0151) | $66.99 Million | 13.23% | 1.98x | $1.38 Billion |
| Widad Group Bhd (0162) | $357.92 Million | 19.78% | 1.42x | $7.84 Million |
| Pasukhas Group Bhd (0177) | $136.35 Million | -12.43% | 0.39x | $3.59 Million |
| HSS Engineers Bhd (0185) | $78.71 Million | 17.81% | 0.59x | $54.89 Million |
| Cabnet Holdings Bhd (0191) | $14.34 Million | 40.24% | 1.06x | $11.22 Million |
| Inta Bina Group Bhd (0192) | $55.55 Million | 22.91% | 2.88x | $58.65 Million |
About Glostrext Berhad
Glostrext Berhad, an investment holding company, provides geotechnical instrumentation services in Singapore, Malaysia, and Cambodia. It offers piling, structural, and geotechnical-related services, including instrumentation, testing, and monitoring services to construction projects, as well as completed buildings and infrastructures. The company also provides pile instrumentation and static load… Read more