TechStore Berhad
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.
| Company | Market Cap |
|---|---|
|
Krungthai Car Rent and Lease Public Company Limited
BK:KCAR
|
$7.05 Million |
|
EKOPAK N.V.
F:7XZ
|
$7.06 Million |
|
KENTANIX SUPRA INTERNATIONAL TBK
JK:KSIX
|
$7.06 Million |
|
Bio Green Energy Tech PCL
BK:BIOTEC
|
$7.06 Million |
|
XXLLD
PINK:XXLLD
|
$7.05 Million |
|
Dong Il Steel MFG Co Ltd
KO:002690
|
$7.05 Million |
|
Alzamend Neuro Inc
NASDAQ:ALZN
|
$7.05 Million |
|
Wesure Global Tech Ltd
TA:WESR
|
$7.05 Million |
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 |