Mega First Corporation Bhd
Mega First Corporation Berhad, together with its subsidiaries, engages in renewable energy, resources, and packaging businesses in Malaysia, Lao PDR, other ASEAN countries, Papua New Guinea, India, Bangladesh, Australia, New Zealand, and internationally. The company builds, owns, and operates a 260 MW run-of-river hydropower plant; and undertakes solar photovoltaic investment business activities.… Read more
Mega First Corporation Bhd (3069) - Net Assets
Latest net assets as of September 2025: RM3.54 Billion MYR
Based on the latest financial reports, Mega First Corporation Bhd (3069) has net assets worth RM3.54 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM5.09 Billion) and total liabilities (RM1.55 Billion). 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 | RM3.54 Billion |
| % of Total Assets | 69.6% |
| Annual Growth Rate | 12.29% |
| 5-Year Change | 63.67% |
| 10-Year Change | 265.17% |
| Growth Volatility | 8.92 |
Mega First Corporation Bhd - Net Assets Trend (2006–2024)
This chart illustrates how Mega First Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mega First Corporation Bhd (2006–2024)
The table below shows the annual net assets of Mega First Corporation Bhd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM3.54 Billion | +9.94% |
| 2023-12-31 | RM3.22 Billion | +1.03% |
| 2022-12-31 | RM3.19 Billion | +16.48% |
| 2021-12-31 | RM2.74 Billion | +26.50% |
| 2020-12-31 | RM2.17 Billion | +26.50% |
| 2019-12-31 | RM1.71 Billion | +12.22% |
| 2018-12-31 | RM1.53 Billion | +11.38% |
| 2017-12-31 | RM1.37 Billion | +3.56% |
| 2016-12-31 | RM1.32 Billion | +36.27% |
| 2015-12-31 | RM970.63 Million | +9.60% |
| 2014-12-31 | RM885.62 Million | +7.63% |
| 2013-12-31 | RM822.84 Million | +10.37% |
| 2012-12-31 | RM745.50 Million | +0.99% |
| 2011-12-31 | RM738.17 Million | +9.25% |
| 2010-12-31 | RM675.66 Million | +13.49% |
| 2009-12-31 | RM595.33 Million | +12.25% |
| 2008-12-31 | RM530.37 Million | +14.68% |
| 2007-12-31 | RM462.46 Million | +5.17% |
| 2006-12-31 | RM439.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mega First Corporation Bhd'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 258872600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM2.59 Billion | 77.87% |
| Common Stock | RM743.12 Million | 22.35% |
| Other Comprehensive Income | RM39.15 Million | 1.18% |
| Total Equity | RM3.32 Billion | 100.00% |
Mega First Corporation Bhd Competitors by Market Cap
The table below lists competitors of Mega First Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jaya Sukses Makmur Sentosa Tbk PT
JK:RISE
|
$300.92 Million |
|
SUNIC SYSTEM Co. Ltd
KQ:171090
|
$301.04 Million |
|
Tecnon Fujian Commercial Lighting Co Ltd
SHE:300650
|
$301.13 Million |
|
Happy Forgings Limited
NSE:HAPPYFORGE
|
$301.15 Million |
|
Oriental Holdings Bhd
KLSE:4006
|
$300.55 Million |
|
EPL Limited
NSE:EPL
|
$300.54 Million |
|
Gansu Engineering Consulting Group Co Ltd
SHE:000779
|
$300.46 Million |
|
Ratio Oil Exploration (1992) Limited Partnership
PINK:RTEXF
|
$300.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mega First Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,056,908,000 to 3,324,524,000, a change of 267,616,000 (8.8%).
- Net income of 459,178,000 contributed positively to equity growth.
- Dividend payments of 82,485,000 reduced retained earnings.
- Share repurchases of 956,000 reduced equity.
- Other comprehensive income decreased equity by 113,121,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM459.18 Million | +13.81% |
| Dividends Paid | RM82.48 Million | -2.48% |
| Share Repurchases | RM956.00K | -0.03% |
| Other Comprehensive Income | RM-113.12 Million | -3.4% |
| Other Changes | RM5.00 Million | +0.15% |
| Total Change | RM- | 8.75% |
Book Value vs Market Value Analysis
This analysis compares Mega First Corporation Bhd'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: 0.81x
- 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 decreased from 5.01x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.57 | RM2.86 | x |
| 2007-12-31 | RM0.64 | RM2.86 | x |
| 2008-12-31 | RM0.72 | RM2.86 | x |
| 2009-12-31 | RM0.83 | RM2.86 | x |
| 2010-12-31 | RM0.98 | RM2.86 | x |
| 2011-12-31 | RM1.07 | RM2.86 | x |
| 2012-12-31 | RM1.19 | RM2.86 | x |
| 2013-12-31 | RM1.33 | RM2.86 | x |
| 2014-12-31 | RM1.45 | RM2.86 | x |
| 2015-12-31 | RM1.40 | RM2.86 | x |
| 2016-12-31 | RM1.65 | RM2.86 | x |
| 2017-12-31 | RM1.49 | RM2.86 | x |
| 2018-12-31 | RM1.61 | RM2.86 | x |
| 2019-12-31 | RM1.80 | RM2.86 | x |
| 2020-12-31 | RM2.03 | RM2.86 | x |
| 2021-12-31 | RM2.53 | RM2.86 | x |
| 2022-12-31 | RM2.91 | RM2.86 | x |
| 2023-12-31 | RM3.24 | RM2.86 | x |
| 2024-12-31 | RM3.52 | RM2.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mega First Corporation Bhd 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): 13.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.36%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.54x
- Recent ROE (13.81%) is above the historical average (12.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 14.65% | 9.64% | 0.70x | 2.16x | RM14.64 Million |
| 2007 | 14.34% | 10.70% | 0.71x | 1.88x | RM15.27 Million |
| 2008 | 10.26% | 8.02% | 0.72x | 1.78x | RM1.01 Million |
| 2009 | 14.90% | 14.17% | 0.58x | 1.81x | RM21.59 Million |
| 2010 | 12.70% | 12.46% | 0.58x | 1.74x | RM13.86 Million |
| 2011 | 13.46% | 12.30% | 0.66x | 1.66x | RM19.29 Million |
| 2012 | 9.48% | 9.13% | 0.71x | 1.47x | RM-3.15 Million |
| 2013 | 10.90% | 11.78% | 0.63x | 1.47x | RM6.09 Million |
| 2014 | 9.46% | 10.40% | 0.62x | 1.46x | RM-4.00 Million |
| 2015 | 9.12% | 12.62% | 0.49x | 1.48x | RM-7.15 Million |
| 2016 | 10.36% | 13.21% | 0.58x | 1.36x | RM4.14 Million |
| 2017 | 11.19% | 15.20% | 0.49x | 1.49x | RM14.74 Million |
| 2018 | 9.56% | 14.79% | 0.35x | 1.86x | RM-6.01 Million |
| 2019 | 10.01% | 21.90% | 0.24x | 1.89x | RM143.40K |
| 2020 | 16.67% | 41.89% | 0.25x | 1.60x | RM128.54 Million |
| 2021 | 19.32% | 50.57% | 0.24x | 1.62x | RM223.02 Million |
| 2022 | 14.43% | 29.66% | 0.31x | 1.56x | RM121.74 Million |
| 2023 | 12.55% | 29.12% | 0.29x | 1.47x | RM78.02 Million |
| 2024 | 13.81% | 26.36% | 0.34x | 1.54x | RM126.73 Million |
Industry Comparison
This section compares Mega First Corporation Bhd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $62,569,700,000
- Average return on equity (ROE) among peers: 7.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mega First Corporation Bhd (3069) | RM3.54 Billion | 14.65% | 0.44x | $300.74 Million |
| Tenaga Nasional Bhd (5347) | $62.57 Billion | 7.51% | 2.28x | $10.60 Billion |