TDM Berhad (2054) - Net Assets
Based on the latest financial reports, TDM Berhad (2054) has net assets worth RM657.58 Million MYR (≈ $165.10 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.73 Billion ≈ $434.36 Million USD) and total liabilities (RM1.07 Billion ≈ $269.26 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 2054 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM657.58 Million |
| % of Total Assets | 38.01% |
| Annual Growth Rate | -4.92% |
| 5-Year Change | -9.01% |
| 10-Year Change | -52.57% |
| Growth Volatility | 12.2 |
TDM Berhad - Net Assets Trend (2012–2024)
This chart illustrates how TDM Berhad's net assets have evolved over time, based on quarterly financial data. Also explore TDM Berhad balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for TDM Berhad (2012–2024)
The table below shows the annual net assets of TDM Berhad from 2012 to 2024. For live valuation and market cap data, see 2054 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM687.78 Million ≈ $172.68 Million |
+4.21% |
| 2023-12-31 | RM659.99 Million ≈ $165.70 Million |
+0.47% |
| 2022-12-31 | RM656.89 Million ≈ $164.92 Million |
-7.32% |
| 2021-12-31 | RM708.78 Million ≈ $177.95 Million |
-6.23% |
| 2020-12-31 | RM755.86 Million ≈ $189.77 Million |
+2.06% |
| 2019-12-31 | RM740.59 Million ≈ $185.94 Million |
-31.88% |
| 2018-12-31 | RM1.09 Billion ≈ $272.95 Million |
-23.87% |
| 2017-12-31 | RM1.43 Billion ≈ $358.56 Million |
+8.71% |
| 2016-12-31 | RM1.31 Billion ≈ $329.84 Million |
-9.40% |
| 2015-12-31 | RM1.45 Billion ≈ $364.05 Million |
+8.70% |
| 2014-12-31 | RM1.33 Billion ≈ $334.92 Million |
+6.46% |
| 2013-12-31 | RM1.25 Billion ≈ $314.59 Million |
-0.56% |
| 2012-12-31 | RM1.26 Billion ≈ $316.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TDM 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 decreased by 16.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM349.76 Million | 48.44% |
| Other Components | RM372.30 Million | 51.56% |
| Total Equity | RM722.06 Million | 100.00% |
TDM Berhad Competitors by Market Cap
The table below lists competitors of TDM Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genasys Inc
NASDAQ:GNSS
|
$90.88 Million |
|
Thanh Cong Textile Garment Investment Trading JSC
VN:TCM
|
$90.88 Million |
|
Royce Global Value Trust Inc
NYSE:RGT
|
$90.91 Million |
|
Han Kook Capital Co. Ltd
KQ:023760
|
$90.93 Million |
|
LeonaBio, Inc.
NASDAQ:LONA
|
$90.84 Million |
|
Sao Mai Group Corp
VN:ASM
|
$90.81 Million |
|
Kirloskar Electric Company Limited
NSE:KECL
|
$90.81 Million |
|
Highland Copper Company Inc.
V:HI
|
$90.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TDM Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 690,719,000 to 722,061,000, a change of 31,342,000 (4.5%).
- Net income of 11,222,000 contributed positively to equity growth.
- Dividend payments of 3,101,000 reduced retained earnings.
- Other factors increased equity by 23,221,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM11.22 Million | +1.55% |
| Dividends Paid | RM3.10 Million | -0.43% |
| Other Changes | RM23.22 Million | +3.22% |
| Total Change | RM- | 4.54% |
Book Value vs Market Value Analysis
This analysis compares TDM 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: 0.50x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.24x to 0.50x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | RM0.87 | RM0.21 | x |
| 2018-12-31 | RM0.65 | RM0.21 | x |
| 2019-12-31 | RM0.46 | RM0.21 | x |
| 2020-12-31 | RM0.46 | RM0.21 | x |
| 2021-12-31 | RM0.42 | RM0.21 | x |
| 2022-12-31 | RM0.40 | RM0.21 | x |
| 2023-12-31 | RM0.40 | RM0.21 | x |
| 2024-12-31 | RM0.42 | RM0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TDM 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): 1.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.74%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.36x
- Recent ROE (1.55%) is above the historical average (-3.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.53% | 4.70% | 0.17x | 1.94x | RM-111.77 Million |
| 2017 | 1.60% | 5.14% | 0.17x | 1.86x | RM-120.73 Million |
| 2018 | -6.79% | -18.45% | 0.19x | 1.95x | RM-184.65 Million |
| 2019 | -25.98% | -47.02% | 0.26x | 2.16x | RM-276.78 Million |
| 2020 | -1.29% | -2.24% | 0.24x | 2.43x | RM-87.02 Million |
| 2021 | -4.03% | -5.77% | 0.29x | 2.38x | RM-102.73 Million |
| 2022 | -3.71% | -4.14% | 0.37x | 2.43x | RM-93.98 Million |
| 2023 | 1.60% | 1.85% | 0.35x | 2.49x | RM-58.05 Million |
| 2024 | 1.55% | 1.74% | 0.38x | 2.36x | RM-60.98 Million |
Industry Comparison
This section compares TDM Berhad's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $435,590,740
- Average return on equity (ROE) among peers: 1.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TDM Berhad (2054) | RM657.58 Million | 1.53% | 1.63x | $90.84 Million |
| Green Ocean Corporation Bhd (0074) | $21.99 Million | 8.76% | 1.57x | $3.71 Million |
| MAG Holdings Berhad (0095) | $869.97 Million | 5.40% | 0.47x | $78.81 Million |
| Greenyield Bhd (0136) | $54.42 Million | -0.73% | 0.43x | $25.05 Million |
| Heng Huat Resources Group Bhd (0175) | $75.79 Million | 11.61% | 0.75x | $28.17 Million |
| Matang Bhd (0189) | $246.80 Million | 1.06% | 0.02x | $44.99 Million |
| Pinehill Pacific Bhd (1902) | $124.00 Million | -20.97% | 2.00x | $17.30 Million |
| Chin Teck Plantations Bhd (1929) | $858.81 Million | 6.21% | 0.06x | $255.99 Million |
| Kretam Holdings Bhd (1996) | $1.07 Billion | 5.95% | 0.23x | $391.83 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $596.00 Million | -0.67% | 0.11x | $93.77 Million |
About TDM Berhad
TDM Berhad, an investment holding company, engages in the cultivation of oil palms in Malaysia. It operates in Plantation and Healthcare segments. The company is involved in the sale of fresh fruit bunches and pineapple fruits; plantation management operations; and sale of crude palm oil, palm kernel, bio compost fertilizers, and related products, as well as manages and markets various agro commo… Read more