TechStore Berhad

KLSE:0343 Malaysia Information Technology Services
Market Cap
$27.75 Million
RM125.00 Million MYR
Market Cap Rank
#30006 Global
#616 in Malaysia
Share Price
RM0.25
Change (1 day)
+4.17%
52-Week Range
RM0.18 - RM0.34
All Time High
RM0.34
About

TechStore Berhad, an investment holding company, primarily provides information technology (IT) security and automation solutions in Malaysia and Singapore. It operates through two segments: Design and Implementation Services; and Maintenance and Support Services. The Design and Implementation Services segment provides IT security and automation solutions on a turnkey basis, which include design,… Read more

TechStore Berhad (0343) - Net Assets

Latest net assets as of September 2025: RM68.51 Million MYR

Based on the latest financial reports, TechStore Berhad (0343) has net assets worth RM68.51 Million MYR as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM120.69 Million) and total liabilities (RM52.18 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 RM68.51 Million
% of Total Assets 56.77%
Annual Growth Rate 35.65%
5-Year Change N/A
10-Year Change N/A
Growth Volatility 3.96

TechStore Berhad - Net Assets Trend (2021–2023)

This chart illustrates how TechStore 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 TechStore Berhad (2021–2023)

The table below shows the annual net assets of TechStore Berhad from 2021 to 2023.

Year Net Assets Change
2023-12-31 RM32.07 Million +31.71%
2022-12-31 RM24.35 Million +39.64%
2021-12-31 RM17.44 Million --

Equity Component Analysis

This analysis shows how different components contribute to TechStore 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 49.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component Amount Percentage
Retained Earnings RM20.07 Million 62.58%
Other Components RM12.00 Million 37.42%
Total Equity RM32.07 Million 100.00%

TechStore Berhad Competitors by Market Cap

The table below lists competitors of TechStore Berhad ranked by their market capitalization.

Equity Growth Attribution

This analysis shows how different factors contributed to changes in TechStore Berhad's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 24,350,242 to 32,072,086, a change of 7,721,844 (31.7%).
  • Net income of 7,721,844 contributed positively to equity growth.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income RM7.72 Million +24.08%
Total Change RM- 31.71%

Book Value vs Market Value Analysis

This analysis compares TechStore 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: 3.90x
  • 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 7.17x to 3.90x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2021-12-31 RM0.03 RM0.25 x
2022-12-31 RM0.05 RM0.25 x
2023-12-31 RM0.06 RM0.25 x

Capital Efficiency Dashboard

This dashboard shows how efficiently TechStore 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): 24.08%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 12.41%
  • • Asset Turnover: 0.98x
  • • Equity Multiplier: 1.98x
  • Recent ROE (24.08%) is below the historical average (30.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2021 38.78% 23.01% 0.88x 1.91x RM5.02 Million
2022 29.62% 17.07% 0.86x 2.02x RM4.78 Million
2023 24.08% 12.41% 0.98x 1.98x RM4.51 Million

Industry Comparison

This section compares TechStore Berhad's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

  • Industry: Information Technology Services
  • Average net assets among peers: $94,720,524
  • Average return on equity (ROE) among peers: 0.58%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
TechStore Berhad (0343) RM68.51 Million 38.78% 0.76x $7.05 Million
NetX Holdings Bhd (0020) $126.46 Million -12.36% 0.27x $4.06 Million
Metronic Global Bhd (0043) $117.53 Million -17.40% 0.38x $1.70 Million
NCT Alliance Bhd (0056) $74.47 Million 10.52% 0.38x $62.35 Million
Vortex Consolidated Bhd (0060) $312.11 Million 0.76% 0.09x $20.06 Million
Lyc Healthcare Bhd (0075) $9.20 Million -21.64% 1.46x $1.11 Million
Aldrich Resources Bhd (0079) $22.35 Million -5.12% 0.36x $2.20 Million
Rexit Bhd (0106) $40.70 Million 23.38% 0.11x $4.95 Million
Privasia Technology Bhd (0123) $80.44 Million 0.14% 0.68x $4.58 Million
Microlink Solutions Bhd (0126) $119.48 Million 26.58% 0.72x $15.73 Million
Diversified Gateway Solutions Bhd (0131) $44.48 Million 0.94% 0.92x $6.51 Million