Tadmax Resources Berhad
Maxim Global Berhad engages in the property development and construction businesses in Malaysia. The company develops homes, apartments, terrace houses, and condominiums and service apartments. It also engages in property investment activities; money lending business; and provision of management services, as well as operates as a general contractor. Maxim Global Berhad was incorporated in 1968 an… Read more
Tadmax Resources Berhad (4022) - Net Assets
Latest net assets as of September 2025: RM539.72 Million MYR
Based on the latest financial reports, Tadmax Resources Berhad (4022) has net assets worth RM539.72 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 (RM1.09 Billion) and total liabilities (RM548.86 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 | RM539.72 Million |
| % of Total Assets | 49.58% |
| Annual Growth Rate | 7.44% |
| 5-Year Change | 35.86% |
| 10-Year Change | 99.41% |
| Growth Volatility | 13.04 |
Tadmax Resources Berhad - Net Assets Trend (2012–2024)
This chart illustrates how Tadmax Resources 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 Tadmax Resources Berhad (2012–2024)
The table below shows the annual net assets of Tadmax Resources Berhad from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM582.29 Million | +11.82% |
| 2023-12-31 | RM520.74 Million | +11.88% |
| 2022-12-31 | RM465.44 Million | +4.81% |
| 2021-12-31 | RM444.06 Million | +3.61% |
| 2020-12-31 | RM428.59 Million | +8.22% |
| 2019-12-31 | RM396.04 Million | +6.71% |
| 2018-12-31 | RM371.15 Million | +26.22% |
| 2017-12-31 | RM294.05 Million | +17.42% |
| 2016-12-31 | RM250.43 Million | -14.24% |
| 2015-12-31 | RM292.00 Million | +29.78% |
| 2014-12-31 | RM225.00 Million | +9.22% |
| 2013-12-31 | RM206.00 Million | -16.26% |
| 2012-12-31 | RM246.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tadmax Resources 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 46.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM21.23 Million | 4.11% |
| Other Components | RM494.75 Million | 95.89% |
| Total Equity | RM515.99 Million | 100.00% |
Tadmax Resources Berhad Competitors by Market Cap
The table below lists competitors of Tadmax Resources Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Make To Win Holding PCL
BK:MTW
|
$4.19 Million |
|
RenoWorks Software Inc
PINK:ROWKF
|
$4.19 Million |
|
Pamapol S.A.
WAR:PMP
|
$4.19 Million |
|
Biophytis S.A.
NASDAQ:BPTSY
|
$4.19 Million |
|
Tel-Instrument Electronics Corp
OTCQB:TIKK
|
$4.19 Million |
|
BQUE NATLE BELG. O.N.
F:BKB
|
$4.19 Million |
|
Acco Group Holdings Limited Ordinary Shares
NASDAQ:ACCL
|
$4.19 Million |
|
Alzinova AB
ST:ALZ
|
$4.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tadmax Resources Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 495,908,000 to 515,986,000, a change of 20,078,000 (4.0%).
- Net income of 26,891,000 contributed positively to equity growth.
- Dividend payments of 7,350,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM26.89 Million | +5.21% |
| Dividends Paid | RM7.35 Million | -1.42% |
| Other Changes | RM537.00K | +0.1% |
| Total Change | RM- | 4.05% |
Book Value vs Market Value Analysis
This analysis compares Tadmax Resources 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: 0.40x
- 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 0.55x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.51 | RM0.28 | x |
| 2017-12-31 | RM0.55 | RM0.28 | x |
| 2018-12-31 | RM0.47 | RM0.28 | x |
| 2019-12-31 | RM1.01 | RM0.28 | x |
| 2020-12-31 | RM0.68 | RM0.28 | x |
| 2021-12-31 | RM0.71 | RM0.28 | x |
| 2022-12-31 | RM0.37 | RM0.28 | x |
| 2023-12-31 | RM0.67 | RM0.28 | x |
| 2024-12-31 | RM0.70 | RM0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tadmax Resources 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): 5.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.15%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.08x
- Recent ROE (5.21%) is above the historical average (1.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 25.73% | 523.08% | 0.03x | 1.48x | RM41.57 Million |
| 2016 | -5.50% | -32.50% | 0.09x | 1.90x | RM-38.81 Million |
| 2017 | -11.45% | -33.72% | 0.17x | 2.00x | RM-63.08 Million |
| 2018 | 1.45% | 3.14% | 0.27x | 1.74x | RM-31.72 Million |
| 2019 | 6.32% | 8.95% | 0.45x | 1.58x | RM-14.59 Million |
| 2020 | -19.31% | -21.22% | 0.46x | 1.98x | RM-125.61 Million |
| 2021 | 6.34% | 7.74% | 0.41x | 2.00x | RM-16.27 Million |
| 2022 | 7.16% | 9.45% | 0.47x | 1.62x | RM-13.23 Million |
| 2023 | 1.07% | 4.55% | 0.14x | 1.67x | RM-44.27 Million |
| 2024 | 5.21% | 8.15% | 0.31x | 2.08x | RM-24.71 Million |
Industry Comparison
This section compares Tadmax Resources Berhad's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $565,025,416
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tadmax Resources Berhad (4022) | RM539.72 Million | 25.73% | 1.02x | $4.19 Million |
| Vinvest Capital Holdings Bhd (0069) | $581.54 Million | 0.67% | 0.36x | $2.71 Million |
| Gagasan Nadi Cergas Berhad (0206) | $442.13 Million | -0.76% | 1.23x | $7.59 Million |
| Vestland Berhad (0273) | $46.45 Million | 22.90% | 2.63x | $15.49 Million |
| KTI (0308) | $127.30 Million | 12.27% | 0.83x | $5.35 Million |
| Global Oriental Bhd (1147) | $255.86 Million | 5.65% | 2.56x | $4.63 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $21.92 Million |
| Symphony Life Bhd (1538) | $916.62 Million | -0.87% | 0.32x | $11.92 Million |
| Iskandar Waterfront City Bhd (1589) | $812.33 Million | 5.62% | 1.19x | $27.36 Million |
| Paramount Corporation Bhd (1724) | $727.00 Million | 7.43% | 0.79x | $69.73 Million |
| Selangor Dredging Bhd (2224) | $849.02 Million | 2.88% | 0.71x | $9.77 Million |