Mercury Securities Group Berhad (0285) - Net Assets
Based on the latest financial reports, Mercury Securities Group Berhad (0285) has net assets worth RM180.16 Million MYR (≈ $45.23 Million USD) as of October 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM198.18 Million ≈ $49.76 Million USD) and total liabilities (RM18.02 Million ≈ $4.52 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 financial resilience of Mercury Securities Group Berhad to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM180.16 Million |
| % of Total Assets | 90.91% |
| Annual Growth Rate | 13.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.98 |
Mercury Securities Group Berhad - Net Assets Trend (2021–2024)
This chart illustrates how Mercury Securities Group Berhad's net assets have evolved over time, based on quarterly financial data. Also explore Mercury Securities Group Berhad balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Mercury Securities Group Berhad (2021–2024)
The table below shows the annual net assets of Mercury Securities Group Berhad from 2021 to 2024. For live valuation and market cap data, see market value of Mercury Securities Group Berhad.
| Year | Net Assets | Change |
|---|---|---|
| 2024-04-30 | RM170.60 Million ≈ $42.83 Million |
+36.99% |
| 2023-04-30 | RM124.53 Million ≈ $31.27 Million |
+6.43% |
| 2022-04-30 | RM117.01 Million ≈ $29.38 Million |
+0.53% |
| 2021-04-30 | RM116.39 Million ≈ $29.22 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Mercury Securities Group 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 14.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM110.68 Million | 64.88% |
| Other Components | RM59.92 Million | 35.12% |
| Total Equity | RM170.60 Million | 100.00% |
Mercury Securities Group Berhad Competitors by Market Cap
The table below lists competitors of Mercury Securities Group Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inta Bina Group Bhd
KLSE:0192
|
$59.42 Million |
|
Evertex Fabrinology Ltd
TW:1470
|
$59.45 Million |
|
Quartiers Properties AB (publ)
ST:QUART-PREF
|
$59.46 Million |
|
Bubs Australia Ltd
AU:BUB
|
$59.47 Million |
|
HBR Realty Empreendimentos Imobiliários S.A
SA:HBRE3
|
$59.40 Million |
|
Phosco Ltd
AU:PHO
|
$59.39 Million |
|
IT City Public Company Limited
BK:IT
|
$59.39 Million |
|
Equus Energy Ltd
AU:EQU
|
$59.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercury Securities Group Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 124,531,705 to 170,595,559, a change of 46,063,854 (37.0%).
- Net income of 8,387,709 contributed positively to equity growth.
- New share issuances of 39,273,925 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM8.39 Million | +4.92% |
| Share Issuances | RM39.27 Million | +23.02% |
| Other Changes | RM-1.60 Million | -0.94% |
| Total Change | RM- | 36.99% |
Book Value vs Market Value Analysis
This analysis compares Mercury Securities Group 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: 1.39x
- 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 2.03x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-04-30 | RM0.13 | RM0.27 | x |
| 2022-04-30 | RM0.13 | RM0.27 | x |
| 2023-04-30 | RM0.14 | RM0.27 | x |
| 2024-04-30 | RM0.19 | RM0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercury Securities Group 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): 4.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.61%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.09x
- Recent ROE (4.92%) 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 |
|---|---|---|---|---|---|
| 2021 | 14.78% | 34.56% | 0.28x | 1.50x | RM5.56 Million |
| 2022 | 17.32% | 33.21% | 0.45x | 1.17x | RM8.56 Million |
| 2023 | 14.18% | 40.71% | 0.30x | 1.17x | RM5.21 Million |
| 2024 | 4.92% | 30.61% | 0.15x | 1.09x | RM-8.67 Million |
Industry Comparison
This section compares Mercury Securities Group Berhad's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $762,514,200
- Average return on equity (ROE) among peers: 3.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercury Securities Group Berhad (0285) | RM180.16 Million | 14.78% | 0.10x | $59.41 Million |
| Insas Bhd (3379) | $1.20 Billion | 13.30% | 0.34x | $150.61 Million |
| Apex Equity Holdings Bhd (5088) | $328.71 Million | 2.23% | 0.14x | $39.14 Million |
| Hong Leong Capital Bhd (5274) | $1.04 Billion | 5.62% | 4.14x | $193.58 Million |
| K N Kenanga Holdings Bhd (6483) | $1.06 Billion | 11.22% | 5.08x | $141.69 Million |
| M & A EQUITY HOLDINGS BERHAD (7082) | $185.42 Million | -15.16% | 0.50x | $82.84 Million |
About Mercury Securities Group Berhad
Mercury Securities Group Berhad, together with its subsidiaries, provides stockbroking and corporate finance advisory services in Malaysia. It operates through Stockbroking and Corporate Finance segment. The company offers stockbroking services comprising the execution of trades of securities listed on Bursa Securities and foreign stock exchanges in Singapore, Hong Kong, and the United States; ma… Read more