Malayan Flour Mills Bhd (3662) - Net Assets
Based on the latest financial reports, Malayan Flour Mills Bhd (3662) has net assets worth RM1.43 Billion MYR (≈ $358.10 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM2.35 Billion ≈ $589.78 Million USD) and total liabilities (RM922.77 Million ≈ $231.68 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 Malayan Flour Mills Bhd (3662) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM1.43 Billion |
| % of Total Assets | 60.72% |
| Annual Growth Rate | 8.2% |
| 5-Year Change | 21.54% |
| 10-Year Change | 66.24% |
| Growth Volatility | 8.59 |
Malayan Flour Mills Bhd - Net Assets Trend (2006–2024)
This chart illustrates how Malayan Flour Mills Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 3662 total assets for the complete picture of this company's asset base.
Annual Net Assets for Malayan Flour Mills Bhd (2006–2024)
The table below shows the annual net assets of Malayan Flour Mills Bhd from 2006 to 2024. For live valuation and market cap data, see Malayan Flour Mills Bhd (3662) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM1.42 Billion ≈ $355.47 Million |
-2.08% |
| 2023-12-31 | RM1.45 Billion ≈ $363.04 Million |
-1.37% |
| 2022-12-31 | RM1.47 Billion ≈ $368.09 Million |
+8.55% |
| 2021-12-31 | RM1.35 Billion ≈ $339.08 Million |
+15.94% |
| 2020-12-31 | RM1.16 Billion ≈ $292.47 Million |
-1.36% |
| 2019-12-31 | RM1.18 Billion ≈ $296.51 Million |
+32.08% |
| 2018-12-31 | RM894.17 Million ≈ $224.50 Million |
-1.44% |
| 2017-12-31 | RM907.26 Million ≈ $227.78 Million |
-1.10% |
| 2016-12-31 | RM917.40 Million ≈ $230.33 Million |
+7.71% |
| 2015-12-31 | RM851.70 Million ≈ $213.83 Million |
+6.08% |
| 2014-12-31 | RM802.86 Million ≈ $201.57 Million |
+9.55% |
| 2013-12-31 | RM732.85 Million ≈ $183.99 Million |
+4.86% |
| 2012-12-31 | RM698.88 Million ≈ $175.47 Million |
+21.25% |
| 2011-12-31 | RM576.38 Million ≈ $144.71 Million |
+10.24% |
| 2010-12-31 | RM522.84 Million ≈ $131.27 Million |
+12.49% |
| 2009-12-31 | RM464.77 Million ≈ $116.69 Million |
+10.07% |
| 2008-12-31 | RM422.26 Million ≈ $106.01 Million |
+11.37% |
| 2007-12-31 | RM379.15 Million ≈ $95.19 Million |
+10.65% |
| 2006-12-31 | RM342.67 Million ≈ $86.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Malayan Flour Mills 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 62551800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM625.52 Million | 47.92% |
| Common Stock | RM645.41 Million | 49.45% |
| Other Comprehensive Income | RM34.33 Million | 2.63% |
| Total Equity | RM1.31 Billion | 100.00% |
Malayan Flour Mills Bhd Competitors by Market Cap
The table below lists competitors of Malayan Flour Mills Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hocheng Corp
TW:1810
|
$175.94 Million |
|
CERENO SCIENTIFIC AB B
F:4A1
|
$176.01 Million |
|
Amarc Resources Ltd.
V:AHR
|
$176.04 Million |
|
Shinfox Energy Co Ltd
TW:6806
|
$176.08 Million |
|
Atlantic Lithium Ltd
AU:A11
|
$175.73 Million |
|
Paragon Care Ltd
AU:PGC
|
$175.69 Million |
|
SCI Pharmtech Inc
TW:4119
|
$175.65 Million |
|
Shanghai Highly Group Co Ltd B
SHG:900910
|
$175.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Malayan Flour Mills Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,341,954,000 to 1,305,265,000, a change of -36,689,000 (-2.7%).
- Net income of 58,115,000 contributed positively to equity growth.
- Dividend payments of 55,761,000 reduced retained earnings.
- Share repurchases of 49,000 reduced equity.
- New share issuances of 49,000 increased equity.
- Other comprehensive income decreased equity by 134,265,000.
- Other factors increased equity by 95,222,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM58.12 Million | +4.45% |
| Dividends Paid | RM55.76 Million | -4.27% |
| Share Repurchases | RM49.00K | -0.0% |
| Share Issuances | RM49.00K | +0.0% |
| Other Comprehensive Income | RM-134.26 Million | -10.29% |
| Other Changes | RM95.22 Million | +7.3% |
| Total Change | RM- | -2.73% |
Book Value vs Market Value Analysis
This analysis compares Malayan Flour Mills 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: 0.53x
- 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 0.63x to 0.53x 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 | RM0.89 | RM0.57 | x |
| 2007-12-31 | RM0.93 | RM0.57 | x |
| 2008-12-31 | RM1.04 | RM0.57 | x |
| 2009-12-31 | RM1.13 | RM0.57 | x |
| 2010-12-31 | RM1.25 | RM0.57 | x |
| 2011-12-31 | RM1.55 | RM0.57 | x |
| 2012-12-31 | RM1.25 | RM0.57 | x |
| 2013-12-31 | RM1.13 | RM0.57 | x |
| 2014-12-31 | RM1.24 | RM0.57 | x |
| 2015-12-31 | RM1.37 | RM0.57 | x |
| 2016-12-31 | RM1.45 | RM0.57 | x |
| 2017-12-31 | RM1.45 | RM0.57 | x |
| 2018-12-31 | RM1.49 | RM0.57 | x |
| 2019-12-31 | RM0.82 | RM0.57 | x |
| 2020-12-31 | RM1.06 | RM0.57 | x |
| 2021-12-31 | RM1.23 | RM0.57 | x |
| 2022-12-31 | RM0.99 | RM0.57 | x |
| 2023-12-31 | RM1.31 | RM0.57 | x |
| 2024-12-31 | RM1.07 | RM0.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Malayan Flour Mills 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): 4.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.86%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 1.96x
- Recent ROE (4.45%) is below the historical average (8.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 9.04% | 3.56% | 1.22x | 2.08x | RM-3.00 Million |
| 2007 | 13.45% | 4.52% | 1.27x | 2.35x | RM11.96 Million |
| 2008 | 14.91% | 4.84% | 1.50x | 2.05x | RM19.10 Million |
| 2009 | 14.78% | 5.24% | 1.51x | 1.87x | RM20.34 Million |
| 2010 | 18.08% | 5.45% | 1.53x | 2.17x | RM37.92 Million |
| 2011 | 15.48% | 4.22% | 1.67x | 2.20x | RM28.62 Million |
| 2012 | 4.44% | 1.41% | 1.46x | 2.16x | RM-35.70 Million |
| 2013 | 10.03% | 2.90% | 1.55x | 2.22x | RM197.10K |
| 2014 | 9.28% | 2.96% | 1.32x | 2.36x | RM-5.28 Million |
| 2015 | 2.66% | 0.89% | 1.23x | 2.42x | RM-56.57 Million |
| 2016 | 9.70% | 3.18% | 1.22x | 2.51x | RM-2.48 Million |
| 2017 | 8.22% | 2.85% | 1.18x | 2.43x | RM-14.89 Million |
| 2018 | 2.17% | 0.73% | 1.11x | 2.65x | RM-64.22 Million |
| 2019 | 5.54% | 2.26% | 1.04x | 2.36x | RM-48.83 Million |
| 2020 | 1.92% | 0.77% | 1.04x | 2.41x | RM-86.50 Million |
| 2021 | 4.87% | 2.51% | 0.89x | 2.18x | RM-64.41 Million |
| 2022 | 10.63% | 4.97% | 1.07x | 2.00x | RM8.60 Million |
| 2023 | -0.50% | -0.21% | 1.22x | 1.92x | RM-140.88 Million |
| 2024 | 4.45% | 1.86% | 1.22x | 1.96x | RM-72.41 Million |
Industry Comparison
This section compares Malayan Flour Mills Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $406,638,034
- Average return on equity (ROE) among peers: -4.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Malayan Flour Mills Bhd (3662) | RM1.43 Billion | 9.04% | 0.65x | $175.78 Million |
| Green Ocean Corporation Bhd (0074) | $99.70 Million | -14.05% | 0.20x | $3.71 Million |
| MAG Holdings Berhad (0095) | $869.97 Million | 5.40% | 0.47x | $76.43 Million |
| Greenyield Bhd (0136) | $135.66 Million | -3.81% | 0.80x | $25.74 Million |
| Heng Huat Resources Group Bhd (0175) | $189.27 Million | 14.09% | 0.33x | $16.10 Million |
| Matang Bhd (0189) | $168.01 Million | 1.07% | 0.02x | $44.99 Million |
| Pinehill Pacific Bhd (1902) | $64.15 Million | -45.27% | 4.42x | $17.30 Million |
| Chin Teck Plantations Bhd (1929) | $617.00 Million | 5.83% | 0.03x | $250.49 Million |
| Kretam Holdings Bhd (1996) | $607.72 Million | -6.37% | 0.35x | $386.07 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $658.00 Million | 0.76% | 0.11x | $98.88 Million |
| TDM Berhad (2054) | $656.89 Million | -3.87% | 1.54x | $97.33 Million |
About Malayan Flour Mills Bhd
Malayan Flour Mills Berhad, together with its subsidiaries, operates in the flour milling industry in Malaysia and Vietnam. The company operates through Flour and Grain Trading, Poultry integration, and Others segmets. It is involved in milling and selling wheat flour; trading in grains and other allied products; manufactures and sells animal feed, and related raw materials; and processes and sel… Read more