Tadmax Resources Berhad (4022) - Net Assets
Based on the latest financial reports, Tadmax Resources Berhad (4022) has net assets worth RM672.15 Million MYR (≈ $168.76 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.31 Billion ≈ $329.09 Million USD) and total liabilities (RM638.61 Million ≈ $160.33 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 asset allocation strategy of Tadmax Resources Berhad to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM672.15 Million |
| % of Total Assets | 51.28% |
| Annual Growth Rate | 6.39% |
| 5-Year Change | 23.96% |
| 10-Year Change | 119.81% |
| Growth Volatility | 13.23 |
Tadmax Resources Berhad - Net Assets Trend (2012–2025)
This chart illustrates how Tadmax Resources Berhad's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Tadmax Resources Berhad (4022) total market value.
Annual Net Assets for Tadmax Resources Berhad (2012–2025)
The table below shows the annual net assets of Tadmax Resources Berhad from 2012 to 2025. Also explore Tadmax Resources Berhad net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM550.47 Million ≈ $138.20 Million |
-5.47% |
| 2024-12-31 | RM582.29 Million ≈ $146.19 Million |
+17.42% |
| 2023-12-31 | RM495.91 Million ≈ $124.51 Million |
+6.55% |
| 2022-12-31 | RM465.44 Million ≈ $116.86 Million |
+4.81% |
| 2021-12-31 | RM444.06 Million ≈ $111.49 Million |
+3.61% |
| 2020-12-31 | RM428.59 Million ≈ $107.61 Million |
+8.22% |
| 2019-12-31 | RM396.04 Million ≈ $99.43 Million |
+6.71% |
| 2018-12-31 | RM371.15 Million ≈ $93.18 Million |
+26.22% |
| 2017-12-31 | RM294.05 Million ≈ $73.83 Million |
+17.42% |
| 2016-12-31 | RM250.43 Million ≈ $62.87 Million |
-14.24% |
| 2015-12-31 | RM292.00 Million ≈ $73.31 Million |
+29.78% |
| 2014-12-31 | RM225.00 Million ≈ $56.49 Million |
+9.22% |
| 2013-12-31 | RM206.00 Million ≈ $51.72 Million |
-16.26% |
| 2012-12-31 | RM246.00 Million ≈ $61.76 Million |
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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 grown by 36.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM54.67 Million | 9.93% |
| Common Stock | RM492.73 Million | 89.51% |
| Other Components | RM3.06 Million | 0.56% |
| Total Equity | RM550.47 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 |
|---|---|
|
Nice Information & Telecommunication Inc
KQ:036800
|
$47.07 Million |
|
INFOvine co. Ltd
KQ:115310
|
$47.09 Million |
|
Hwacheon Machi
KO:010660
|
$47.11 Million |
|
Ildong Holdings Co Ltd
KO:000230
|
$47.16 Million |
|
PB Bankshares Inc
NASDAQ:PBBK
|
$47.04 Million |
|
Yandal Resources Ltd
AU:YRL
|
$46.99 Million |
|
Aarti Surfactants Limited
NSE:AARTISURF
|
$46.98 Million |
|
TSI Co. Ltd.
KQ:277880
|
$46.98 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 2024 to 2025, total equity changed from 515,986,000 to 550,466,000, a change of 34,480,000 (6.7%).
- Net income of 33,444,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM33.44 Million | +6.08% |
| Other Changes | RM1.04 Million | +0.19% |
| Total Change | RM- | 6.68% |
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: 0.34x
- 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 0.50x to 0.34x 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 | RM0.26 | x |
| 2017-12-31 | RM0.55 | RM0.26 | x |
| 2018-12-31 | RM0.47 | RM0.26 | x |
| 2019-12-31 | RM1.01 | RM0.26 | x |
| 2020-12-31 | RM0.68 | RM0.26 | x |
| 2021-12-31 | RM0.71 | RM0.26 | x |
| 2022-12-31 | RM0.37 | RM0.26 | x |
| 2023-12-31 | RM0.67 | RM0.26 | x |
| 2024-12-31 | RM0.70 | RM0.26 | x |
| 2025-12-31 | RM0.75 | RM0.26 | 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): 6.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.54%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.18x
- Recent ROE (6.08%) is above the historical average (2.10%), 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 |
| 2025 | 6.08% | 7.54% | 0.37x | 2.18x | RM-21.60 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: $573,686,717
- Average return on equity (ROE) among peers: 6.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tadmax Resources Berhad (4022) | RM672.15 Million | 25.73% | 0.95x | $47.06 Million |
| Vinvest Capital Holdings Bhd (0069) | $452.10 Million | 0.97% | 0.16x | $3.65 Million |
| Gagasan Nadi Cergas Berhad (0206) | $378.75 Million | 8.60% | 1.40x | $58.61 Million |
| Vestland Berhad (0273) | $71.56 Million | 35.09% | 2.17x | $218.12 Million |
| Global Oriental Bhd (1147) | $258.93 Million | 0.64% | 1.99x | $10.27 Million |
| Pan Malaysia Holdings Bhd (1287) | $29.94 Million | -0.21% | 0.72x | $294.43 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $3.35 Million |
| Symphony Life Bhd (1538) | $609.57 Million | 5.22% | 0.96x | $29.75 Million |
| Iskandar Waterfront City Bhd (1589) | $770.75 Million | -1.19% | 1.36x | $49.72 Million |
| Paramount Corporation Bhd (1724) | $1.63 Billion | 5.83% | 0.83x | $157.92 Million |
| Selangor Dredging Bhd (2224) | $644.00 Million | 7.45% | 1.01x | $51.89 Million |
About Tadmax Resources Berhad
Maxim Global Berhad engages in the property development and construction businesses in Malaysia. The company develops units of homes, apartments and terrace houses, and condominiums and service apartments. It also engages in property investment activities; money lending business; timber, oil palm plantation, and palm oil trading; and provision of management services, as well as operates as a gene… Read more