Farm Price Holdings Berhad (0304) - Net Assets
Based on the latest financial reports, Farm Price Holdings Berhad (0304) has net assets worth RM56.08 Million MYR (≈ $14.08 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 (RM75.92 Million ≈ $19.06 Million USD) and total liabilities (RM19.85 Million ≈ $4.98 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 0304 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM56.08 Million |
| % of Total Assets | 73.86% |
| Annual Growth Rate | 80.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 73.22 |
Farm Price Holdings Berhad - Net Assets Trend (2020–2023)
This chart illustrates how Farm Price Holdings Berhad's net assets have evolved over time, based on quarterly financial data. Also explore Farm Price Holdings Berhad total assets for the complete picture of this company's asset base.
Annual Net Assets for Farm Price Holdings Berhad (2020–2023)
The table below shows the annual net assets of Farm Price Holdings Berhad from 2020 to 2023. For live valuation and market cap data, see 0304 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | RM47.12 Million ≈ $11.83 Million |
+196.37% |
| 2022-12-31 | RM15.90 Million ≈ $3.99 Million |
+43.14% |
| 2021-12-31 | RM11.11 Million ≈ $2.79 Million |
+39.02% |
| 2020-12-31 | RM7.99 Million ≈ $2.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Farm Price Holdings 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 366.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM19.59 Million | 41.58% |
| Other Components | RM27.53 Million | 58.42% |
| Total Equity | RM47.12 Million | 100.00% |
Farm Price Holdings Berhad Competitors by Market Cap
The table below lists competitors of Farm Price Holdings Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kirklands Inc
NASDAQ:KIRK
|
$37.29 Million |
|
Native Mineral Resources Holdings Ltd
AU:NMR
|
$37.29 Million |
|
IL&FS Engineering and Construction Company Limited
NSE:IL&FSENGG
|
$37.29 Million |
|
FibroGen Inc
NASDAQ:FGEN
|
$37.30 Million |
|
Panda Eco System Berhad
KLSE:0290
|
$37.28 Million |
|
Rising Dragon Acquisition Corp. Ordinary Shares
NASDAQ:RDAC
|
$37.27 Million |
|
Excelsior Biopharma
TWO:6496
|
$37.25 Million |
|
Korea Eng Cons
KO:023350
|
$37.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Farm Price Holdings Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 15,901,000 to 47,125,000, a change of 31,224,000 (196.4%).
- Net income of 8,702,000 contributed positively to equity growth.
- Other factors increased equity by 22,522,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM8.70 Million | +18.47% |
| Other Changes | RM22.52 Million | +47.79% |
| Total Change | RM- | 196.37% |
Book Value vs Market Value Analysis
This analysis compares Farm Price Holdings 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: 3.15x
- 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 18.58x to 3.15x 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 | RM0.02 | RM0.33 | x |
| 2021-12-31 | RM0.02 | RM0.33 | x |
| 2022-12-31 | RM0.04 | RM0.33 | x |
| 2023-12-31 | RM0.10 | RM0.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Farm Price Holdings 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): 18.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.62%
- • Asset Turnover: 1.61x
- • Equity Multiplier: 1.50x
- Recent ROE (18.47%) is below the historical average (28.05%), 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 | 35.83% | 3.89% | 1.75x | 5.27x | RM2.06 Million |
| 2021 | 28.04% | 3.80% | 1.86x | 3.97x | RM2.00 Million |
| 2022 | 29.86% | 5.03% | 2.18x | 2.73x | RM3.16 Million |
| 2023 | 18.47% | 7.62% | 1.61x | 1.50x | RM3.99 Million |
Industry Comparison
This section compares Farm Price Holdings Berhad's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $245,791,662
- Average return on equity (ROE) among peers: 18.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Farm Price Holdings Berhad (0304) | RM56.08 Million | 35.83% | 0.35x | $37.28 Million |
| SCC Holdings Bhd (0158) | $44.57 Million | 3.41% | 0.15x | $7.09 Million |
| Kim Teck Cheong Consolidated Bhd (0180) | $76.25 Million | -10.66% | 3.10x | $24.82 Million |
| Wellspire Holdings Berhad (0271) | $60.85 Million | 4.33% | 0.17x | $118.00 Million |
| Carzo Holdings Bhd (03048) | $2.73 Million | 86.42% | 6.20x | $958.49 |
| Agricore CS Holdings Berhad (0309) | $24.78 Million | 28.73% | 1.78x | $19.86 Million |
| Dutaland Bhd (3948) | $1.27 Billion | 0.90% | 0.07x | $60.95 Million |
About Farm Price Holdings Berhad
Farm Price Holdings Berhad, an investment holding company, primarily engages in the wholesale distribution of fresh vegetables in Malaysia and Singapore. It operates through two segments: Wholesale distribution and Retail. The company offers whole, prepacked, and fresh-cut vegetables to wholesalers, retailers, food service operators, and manufacturers. It also involved in the wholesale distributi… Read more