HE Group Berhad (0296) - Net Assets
Based on the latest financial reports, HE Group Berhad (0296) has net assets worth RM58.53 Million MYR (≈ $14.69 Million USD) as of August 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM130.17 Million ≈ $32.68 Million USD) and total liabilities (RM71.65 Million ≈ $17.99 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 HE Group Berhad liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM58.53 Million |
| % of Total Assets | 44.96% |
| Annual Growth Rate | 32.27% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.54 |
HE Group Berhad - Net Assets Trend (2020–2022)
This chart illustrates how HE Group Berhad's net assets have evolved over time, based on quarterly financial data. Also explore HE Group Berhad balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for HE Group Berhad (2020–2022)
The table below shows the annual net assets of HE Group Berhad from 2020 to 2022. For live valuation and market cap data, see HE Group Berhad market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2022-08-31 | RM15.89 Million ≈ $3.99 Million |
+24.92% |
| 2021-08-31 | RM12.72 Million ≈ $3.19 Million |
+40.00% |
| 2020-08-31 | RM9.09 Million ≈ $2.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HE 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 84.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM14.89 Million | 93.71% |
| Other Components | RM1.00 Million | 6.29% |
| Total Equity | RM15.89 Million | 100.00% |
HE Group Berhad Competitors by Market Cap
The table below lists competitors of HE Group Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yellow Balloon Tour Co. Ltd
KQ:104620
|
$47.51 Million |
|
Metalstech Ltd
AU:MTC
|
$47.51 Million |
|
Sreeleathers Limited
NSE:SREEL
|
$47.53 Million |
|
Do Day Dream Public Company Limited
BK:DDD
|
$47.53 Million |
|
Transcontinental Inc
TO:TCL-B
|
$47.45 Million |
|
Mercer International Inc
F:AEZ
|
$47.42 Million |
|
Nanoveu Ltd
AU:NVU
|
$47.40 Million |
|
Kinatico Ltd
AU:KYP
|
$47.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HE Group Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 12,720,487 to 15,889,915, a change of 3,169,428 (24.9%).
- Net income of 6,169,428 contributed positively to equity growth.
- Dividend payments of 3,000,000 reduced retained earnings.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.17 Million | +38.83% |
| Dividends Paid | RM3.00 Million | -18.88% |
| Total Change | RM- | 24.92% |
Book Value vs Market Value Analysis
This analysis compares HE 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: 11.91x
- 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 20.82x to 11.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-08-31 | RM0.02 | RM0.43 | x |
| 2021-08-31 | RM0.03 | RM0.43 | x |
| 2022-08-31 | RM0.04 | RM0.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HE 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): 38.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.74%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 5.62x
- Recent ROE (38.83%) is above the historical average (30.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 18.68% | 5.41% | 1.53x | 2.26x | RM788.89K |
| 2021 | 32.50% | 4.12% | 1.63x | 4.85x | RM2.86 Million |
| 2022 | 38.83% | 5.74% | 1.21x | 5.62x | RM4.58 Million |
Industry Comparison
This section compares HE Group 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 |
|---|---|---|---|---|
| HE Group Berhad (0296) | RM58.53 Million | 18.68% | 1.22x | $47.50 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 HE Group Berhad
HE Group Berhad, through its subsidiary, Hexatech Engineering Sdn. Bhd., operates as an electrical engineering service provider in Malaysia. The company offers design, supply, installation, testing, and commissioning of high voltage, medium voltage, low voltage, and extra low voltage power distribution systems; and additional services, including other building systems and works, electrical equipm… Read more