MSB Global Group Berhad
MSB Global Group Berhad, an investment holding company, engages in marketing, trading, and distribution of aftermarket automotive parts and components, and automotive lubricants and fluids in Malaysia and Singapore. The company offers lubricant/fluid products, such as engine oil, automatic transmission fluid, gear oil, hydraulic oil, coolants, car performance additives, brake fluids, engine flush… Read more
MSB Global Group Berhad (0350) - Net Assets
Latest net assets as of September 2025: RM70.38 Million MYR
Based on the latest financial reports, MSB Global Group Berhad (0350) has net assets worth RM70.38 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 (RM85.99 Million) and total liabilities (RM15.61 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 | RM70.38 Million |
| % of Total Assets | 81.84% |
| Annual Growth Rate | 4.76% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.56 |
MSB Global Group Berhad - Net Assets Trend (2021–2024)
This chart illustrates how MSB Global Group 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 MSB Global Group Berhad (2021–2024)
The table below shows the annual net assets of MSB Global Group Berhad from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM44.30 Million | +25.92% |
| 2023-12-31 | RM35.18 Million | -7.85% |
| 2022-12-31 | RM38.18 Million | -0.92% |
| 2021-12-31 | RM38.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MSB Global Group 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 15.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM42.30 Million | 95.49% |
| Other Components | RM2.00 Million | 4.51% |
| Total Equity | RM44.30 Million | 100.00% |
MSB Global Group Berhad Competitors by Market Cap
The table below lists competitors of MSB Global Group Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yorkton Equity Group Inc
V:YEG
|
$3.86 Million |
|
PT Topindo Solusi Komunika Tbk
JK:TOSK
|
$3.86 Million |
|
K&K Superstore Southern Public Company Limited
BK:KK
|
$3.86 Million |
|
CytoMed Therapeutics Limited Ordinary Shares
NASDAQ:GDTC
|
$3.86 Million |
|
Lionheart Holdings Warrant
NASDAQ:CUBWW
|
$3.86 Million |
|
Baselode Energy Corp
OTCQB:BSENF
|
$3.86 Million |
|
Brag House Holdings, Inc. Common Stock
NASDAQ:TBH
|
$3.86 Million |
|
Raketech Group Holding
ST:RAKE
|
$3.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MSB Global Group Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,183,627 to 44,303,865, a change of 9,120,238 (25.9%).
- Net income of 9,133,296 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM9.13 Million | +20.62% |
| Other Changes | RM-13.06K | -0.03% |
| Total Change | RM- | 25.92% |
Book Value vs Market Value Analysis
This analysis compares MSB Global Group 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: 1.10x
- 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 1.27x to 1.10x 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 | RM0.06 | RM0.08 | x |
| 2022-12-31 | RM0.06 | RM0.08 | x |
| 2023-12-31 | RM0.06 | RM0.08 | x |
| 2024-12-31 | RM0.07 | RM0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MSB Global Group 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): 20.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.66%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 1.46x
- Recent ROE (20.62%) is below the historical average (30.39%), 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 | 28.01% | 23.04% | 0.73x | 1.66x | RM6.94 Million |
| 2022 | 49.46% | 29.75% | 1.08x | 1.54x | RM15.06 Million |
| 2023 | 23.48% | 12.93% | 1.24x | 1.47x | RM4.74 Million |
| 2024 | 20.62% | 13.66% | 1.03x | 1.46x | RM4.70 Million |
Industry Comparison
This section compares MSB Global Group Berhad's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $258,302,411
- Average return on equity (ROE) among peers: 9.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MSB Global Group Berhad (0350) | RM70.38 Million | 28.01% | 0.22x | $3.86 Million |
| Eversafe Rubber Bhd (0190) | $65.06 Million | 4.25% | 0.76x | $1.20 Million |
| Betamek Bhd (0263) | $86.96 Million | 14.04% | 0.45x | $11.31 Million |
| KHPT Holdings Berhad (0322) | $28.09 Million | 31.32% | 1.02x | $2.10 Million |
| APM Automotive Holdings Bhd (5015) | $1.23 Billion | 3.18% | 0.34x | $36.86 Million |
| ABM Fujiya Bhd (5198) | $159.98 Million | 1.16% | 0.62x | $814.00K |
| Globaltec Formation Bhd (5220) | $370.00 Million | -10.00% | 0.35x | $23.56 Million |
| Solid Automotive Bhd (5242) | $141.56 Million | 1.00% | 0.66x | $5.00 Million |
| Pecca Group Bhd (5271) | $156.93 Million | 9.26% | 0.16x | $66.65 Million |
| Feytech Holdings Berhad (5322) | $85.48 Million | 32.28% | 0.71x | $13.02 Million |