Topmix Berhad (0302) - Net Assets
Based on the latest financial reports, Topmix Berhad (0302) has net assets worth RM69.62 Million MYR (≈ $17.48 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 (RM105.12 Million ≈ $26.39 Million USD) and total liabilities (RM35.50 Million ≈ $8.91 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 0302 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 0302 total assets for the complete picture of this company's asset base.
Annual Net Assets for Topmix Berhad (2020–2022)
The table below shows the annual net assets of Topmix Berhad from 2020 to 2022. For live valuation and market cap data, see Topmix Berhad stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | RM30.10 Million ≈ $7.56 Million |
+39.53% |
| 2021-12-31 | RM21.57 Million ≈ $5.42 Million |
+21.99% |
| 2020-12-31 | RM17.68 Million ≈ $4.44 Million |
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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 |
|---|---|
|
Avax One Technology Ltd.
NASDAQ:AVX
|
$46.97 Million |
|
Wolford Aktiengesellschaft
VI:WOL
|
$47.00 Million |
|
The Generation Essentials Group
NYSE:TGE
|
$47.01 Million |
|
5Th Planet Games A/S
OL:5PG
|
$47.02 Million |
|
Radiant Cash Management Services Limited
NSE:RADIANTCMS
|
$46.96 Million |
|
Malacca Trust Wuwungan Insurance PT
JK:MTWI
|
$46.95 Million |
|
N2N Connect Bhd
KLSE:0108
|
$46.95 Million |
|
MODULIGHT OY EO 1
F:78W
|
$46.95 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: 6.22x
- 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 10.58x to 6.22x 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 | RM0.48 | x |
| 2021-12-31 | RM0.05 | RM0.48 | x |
| 2022-12-31 | RM0.08 | RM0.48 | 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: $262,274,131
- Average return on equity (ROE) among peers: 21.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topmix Berhad (0302) | RM69.62 Million | 13.36% | 0.51x | $46.97 Million |
| Wegmans Holdings Berhad (0197) | $24.49 Million | 62.47% | 1.55x | $12.32 Million |
| Spring Art Holdings Bhd (0216) | $77.63 Million | 7.43% | 0.28x | $12.52 Million |
| Mobilia Holdings Bhd (0229) | $32.23 Million | 26.85% | 1.30x | $15.64 Million |
| Ecomate Holdings Bhd (0239) | $43.19 Million | 3.49% | 0.59x | $152.81 Million |
| Synergy House Berhad (0279) | $20.19 Million | 59.96% | 3.30x | $24.48 Million |
| FACB Industries Incorporated (2984) | $215.81 Million | -1.29% | 0.10x | $35.38 Million |
| Panasonic Manufacture Malaysia (3719) | $776.99 Million | 5.94% | 0.15x | $110.72 Million |
| Evergreen Fibreboard Bhd (5101) | $1.04 Billion | 3.31% | 0.37x | $27.57 Million |
| Homeritz Corporation Bhd (5160) | $132.44 Million | 23.32% | 0.14x | $45.50 Million |
About 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