Topmix Berhad
Topmix Berhad, an investment holding company, engages in the marketing and sale of decorative surface products and accessories in Malaysia. The company offers high pressure laminate (HPL) products, compact panels, wall panels, melamine faced chipboard (MFC), polyvinyl chloride edging, decorative boards, PVC plywood, and kitchen and wardrobe accessories. It also designs HPL, compact panels, wall p… Read more
Topmix Berhad (0302) - Net Assets
Latest net assets as of September 2024: RM69.62 Million MYR
Based on the latest financial reports, Topmix Berhad (0302) has net assets worth RM69.62 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 (RM105.12 Million) and total liabilities (RM35.50 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 | RM69.62 Million |
| % of Total Assets | 66.23% |
| Annual Growth Rate | 30.49% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.77 |
Topmix Berhad - Net Assets Trend (2020–2022)
This chart illustrates how Topmix 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 Topmix Berhad (2020–2022)
The table below shows the annual net assets of Topmix Berhad from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | RM30.10 Million | +39.53% |
| 2021-12-31 | RM21.57 Million | +21.99% |
| 2020-12-31 | RM17.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Topmix 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 73.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM29.40 Million | 97.67% |
| Other Components | RM700.12K | 2.33% |
| Total Equity | RM30.10 Million | 100.00% |
Topmix Berhad Competitors by Market Cap
The table below lists competitors of Topmix Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DelphX Capital Markets Inc
OTCQB:DPXCF
|
$8.71 Million |
|
COSTCO WHSL (CTO.SG)
STU:CTO
|
$8.71 Million |
|
Tandy Leather Factory Inc
NASDAQ:TLF
|
$8.71 Million |
|
Emkay Global Financial Services Limited
NSE:EMKAY
|
$8.71 Million |
|
Taihan Textile
KO:001070
|
$8.71 Million |
|
Tamar Petroleum Ltd
TA:TMRP
|
$8.71 Million |
|
CI Holdings Bhd
KLSE:2828
|
$8.71 Million |
|
Camber Energy, Inc.
OTCQB:CEIN
|
$8.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topmix Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 21,569,091 to 30,095,939, a change of 8,526,848 (39.5%).
- Net income of 8,526,828 contributed positively to equity growth.
- New share issuances of 20 increased equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM8.53 Million | +28.33% |
| Share Issuances | RM20.00 | +0.0% |
| Total Change | RM- | 39.53% |
Book Value vs Market Value Analysis
This analysis compares Topmix 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: 6.48x
- 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 11.03x to 6.48x 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 | RM0.04 | RM0.50 | x |
| 2021-12-31 | RM0.05 | RM0.50 | x |
| 2022-12-31 | RM0.08 | RM0.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topmix 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): 28.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.96%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 2.00x
- Recent ROE (28.33%) is above the historical average (20.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 13.36% | 8.58% | 0.77x | 2.02x | RM593.68K |
| 2021 | 20.48% | 11.45% | 0.74x | 2.42x | RM2.26 Million |
| 2022 | 28.33% | 12.96% | 1.09x | 2.00x | RM5.52 Million |
Industry Comparison
This section compares Topmix Berhad's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $278,368,433
- Average return on equity (ROE) among peers: 16.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topmix Berhad (0302) | RM69.62 Million | 13.36% | 0.51x | $8.71 Million |
| Wegmans Holdings Berhad (0197) | $72.96 Million | 17.10% | 0.67x | $1.67 Million |
| Spring Art Holdings Bhd (0216) | $93.77 Million | 9.85% | 0.25x | $2.92 Million |
| Mobilia Holdings Bhd (0229) | $32.23 Million | 26.85% | 1.30x | $2.54 Million |
| Synergy House Berhad (0279) | $34.35 Million | 41.88% | 2.25x | $4.11 Million |
| Sorento Capital Berhad (0326) | $143.13 Million | 18.33% | 0.37x | $1.42K |
| FACB Industries Incorporated (2984) | $217.85 Million | 0.55% | 0.10x | $7.48 Million |
| Panasonic Manufacture Malaysia (3719) | $718.00 Million | 13.93% | 0.26x | $43.73 Million |
| Evergreen Fibreboard Bhd (5101) | $1.04 Billion | 3.31% | 0.37x | $10.40 Million |
| Homeritz Corporation Bhd (5160) | $155.54 Million | 14.22% | 0.13x | $9.76 Million |