Agricore CS Holdings Berhad
Agricore CS Holdings Berhad, an investment holding company, engages in the sourcing and distribution of plant-based agricultural food ingredients in Malaysia and internationally. The company offers starch products, beans and pulses, grain products and other related products; and produces and sells food additives and fried shallots. It also provides include sprouting, sprouting nutrition, beans an… Read more
Agricore CS Holdings Berhad (0309) - Net Assets
Latest net assets as of September 2024: RM54.30 Million MYR
Based on the latest financial reports, Agricore CS Holdings Berhad (0309) has net assets worth RM54.30 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 (RM79.31 Million) and total liabilities (RM25.01 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 | RM54.30 Million |
| % of Total Assets | 68.47% |
| Annual Growth Rate | 98.38% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.46 |
Agricore CS Holdings Berhad - Net Assets Trend (2020–2023)
This chart illustrates how Agricore CS Holdings 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 Agricore CS Holdings Berhad (2020–2023)
The table below shows the annual net assets of Agricore CS Holdings Berhad from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | RM52.29 Million | +111.06% |
| 2022-12-31 | RM24.78 Million | +85.46% |
| 2021-12-31 | RM13.36 Million | +99.18% |
| 2020-12-31 | RM6.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Agricore CS 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 303.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM17.18 Million | 32.86% |
| Other Components | RM35.11 Million | 67.14% |
| Total Equity | RM52.29 Million | 100.00% |
Agricore CS Holdings Berhad Competitors by Market Cap
The table below lists competitors of Agricore CS Holdings Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Belararox Ltd
AU:BRX
|
$7.09 Million |
|
Indowind Energy Limited
NSE:INDOWIND
|
$7.10 Million |
|
DCM Nouvelle Limited
NSE:DCMNVL
|
$7.11 Million |
|
Scientific Energy Inc
PINK:SCGY
|
$7.11 Million |
|
Ekopak BV
BR:EKOP
|
$7.09 Million |
|
Straits Inter Logistics Bhd
KLSE:0080
|
$7.08 Million |
|
UCAL Limited
NSE:UCAL
|
$7.08 Million |
|
Sona Topas Tourism Industry
JK:SONA
|
$7.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Agricore CS Holdings Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 24,776,000 to 52,292,000, a change of 27,516,000 (111.1%).
- Net income of 6,782,000 contributed positively to equity growth.
- Dividend payments of 1,423,000 reduced retained earnings.
- Other factors increased equity by 22,157,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.78 Million | +12.97% |
| Dividends Paid | RM1.42 Million | -2.72% |
| Other Changes | RM22.16 Million | +42.37% |
| Total Change | RM- | 111.06% |
Book Value vs Market Value Analysis
This analysis compares Agricore CS 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: 1.55x
- 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 12.09x to 1.55x 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 | RM0.03 | RM0.40 | x |
| 2021-12-31 | RM0.07 | RM0.40 | x |
| 2022-12-31 | RM0.12 | RM0.40 | x |
| 2023-12-31 | RM0.26 | RM0.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Agricore CS 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): 12.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.02%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 1.76x
- Recent ROE (12.97%) is below the historical average (29.54%), 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 | 44.43% | 3.35% | 2.13x | 6.22x | RM2.31 Million |
| 2021 | 32.05% | 4.25% | 1.93x | 3.90x | RM2.95 Million |
| 2022 | 28.73% | 5.80% | 1.78x | 2.78x | RM4.64 Million |
| 2023 | 12.97% | 5.02% | 1.47x | 1.76x | RM1.55 Million |
Industry Comparison
This section compares Agricore CS Holdings Berhad's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $236,666,116
- Average return on equity (ROE) among peers: 13.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Agricore CS Holdings Berhad (0309) | RM54.30 Million | 44.43% | 0.46x | $7.09 Million |
| SCC Holdings Bhd (0158) | $47.99 Million | 0.71% | 0.13x | $1.64 Million |
| Kim Teck Cheong Consolidated Bhd (0180) | $76.25 Million | -10.66% | 3.10x | $3.63 Million |
| Wellspire Holdings Berhad (0271) | $19.60 Million | 60.36% | 0.79x | $37.14 Million |
| Farm Price Holdings Berhad (0304) | $11.11 Million | 28.04% | 2.97x | $8.26 Million |
| Carzo Holdings Bhd (03048) | $-529.03K | 0.00% | 0.00x | $2.94 Million |
| Dutaland Bhd (3948) | $1.27 Billion | 0.90% | 0.07x | $9.20 Million |