Tan Chong Motor Holdings Bhd
Tan Chong Motor Holdings Berhad, an investment holding company, engages in the assembly and distribution of passenger and commercial vehicles in Malaysia, Vietnam, and internationally. It operates through three segments: Vehicles Assembly, Manufacturing, Distribution and After-Sales Services; Financial Services; and Other Operations. The company is involved in the assembly and manufacture of buse… Read more
Tan Chong Motor Holdings Bhd (4405) - Net Assets
Latest net assets as of September 2025: RM2.38 Billion MYR
Based on the latest financial reports, Tan Chong Motor Holdings Bhd (4405) has net assets worth RM2.38 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 (RM4.55 Billion) and total liabilities (RM2.17 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 | RM2.38 Billion |
| % of Total Assets | 52.3% |
| Annual Growth Rate | 2.06% |
| 5-Year Change | -11.47% |
| 10-Year Change | -9.96% |
| Growth Volatility | 11.18 |
Tan Chong Motor Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Tan Chong Motor Holdings 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 Tan Chong Motor Holdings Bhd (2012–2024)
The table below shows the annual net assets of Tan Chong Motor Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM2.52 Billion | -8.19% |
| 2023-12-31 | RM2.74 Billion | -4.60% |
| 2022-12-31 | RM2.87 Billion | +2.89% |
| 2021-12-31 | RM2.79 Billion | -1.77% |
| 2020-12-31 | RM2.84 Billion | -5.89% |
| 2019-12-31 | RM3.02 Billion | +6.45% |
| 2018-12-31 | RM2.84 Billion | +1.46% |
| 2017-12-31 | RM2.80 Billion | -2.69% |
| 2016-12-31 | RM2.87 Billion | +2.84% |
| 2015-12-31 | RM2.79 Billion | +1.20% |
| 2014-12-31 | RM2.76 Billion | +2.18% |
| 2013-12-31 | RM2.70 Billion | +37.16% |
| 2012-12-31 | RM1.97 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tan Chong Motor Holdings 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 decreased by 28.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.32 Billion | 52.53% |
| Common Stock | RM336.00 Million | 13.38% |
| Other Components | RM855.99 Million | 34.09% |
| Total Equity | RM2.51 Billion | 100.00% |
Tan Chong Motor Holdings Bhd Competitors by Market Cap
The table below lists competitors of Tan Chong Motor Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KCP Sugar and Industries Corporation Limited
NSE:KCPSUGIND
|
$14.49 Million |
|
Libertas 7 SA
MC:LIB
|
$14.49 Million |
|
Rand Mining Ltd
AU:RND
|
$14.49 Million |
|
Korean Drug Co. Ltd
KQ:014570
|
$14.49 Million |
|
Thorney Technologies Ltd
AU:TEK
|
$14.48 Million |
|
QTC Energy Public Company Limited
BK:QTC
|
$14.48 Million |
|
Aspocomp Group Oyj
HE:ACG1V
|
$14.47 Million |
|
Getin Holding SA
WAR:GTN
|
$14.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tan Chong Motor Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,740,140,000 to 2,511,153,000, a change of -228,987,000 (-8.4%).
- Net loss of 214,166,000 reduced equity.
- Dividend payments of 6,517,000 reduced retained earnings.
- Share repurchases of 149,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-214.17 Million | -8.53% |
| Dividends Paid | RM6.52 Million | -0.26% |
| Share Repurchases | RM149.00K | -0.01% |
| Other Changes | RM-8.15 Million | -0.32% |
| Total Change | RM- | -8.36% |
Book Value vs Market Value Analysis
This analysis compares Tan Chong Motor Holdings 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: 0.13x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM4.40 | RM0.49 | x |
| 2017-12-31 | RM4.28 | RM0.49 | x |
| 2018-12-31 | RM4.35 | RM0.49 | x |
| 2019-12-31 | RM4.63 | RM0.49 | x |
| 2020-12-31 | RM4.36 | RM0.49 | x |
| 2021-12-31 | RM4.28 | RM0.49 | x |
| 2022-12-31 | RM4.40 | RM0.49 | x |
| 2023-12-31 | RM4.20 | RM0.49 | x |
| 2024-12-31 | RM3.85 | RM0.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tan Chong Motor Holdings 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): -8.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.28%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.03x
- Recent ROE (-8.53%) is below the historical average (-2.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.91% | -1.01% | 0.98x | 1.94x | RM-342.27 Million |
| 2017 | -3.17% | -2.04% | 0.80x | 1.93x | RM-368.18 Million |
| 2018 | 3.73% | 2.18% | 0.89x | 1.93x | RM-177.73 Million |
| 2019 | 1.45% | 1.05% | 0.72x | 1.93x | RM-258.31 Million |
| 2020 | -5.83% | -5.59% | 0.56x | 1.87x | RM-449.75 Million |
| 2021 | -0.55% | -0.61% | 0.51x | 1.79x | RM-294.57 Million |
| 2022 | -1.78% | -1.67% | 0.61x | 1.75x | RM-338.34 Million |
| 2023 | -4.70% | -5.08% | 0.50x | 1.87x | RM-402.76 Million |
| 2024 | -8.53% | -10.28% | 0.41x | 2.03x | RM-465.28 Million |
Industry Comparison
This section compares Tan Chong Motor Holdings Bhd's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $8,433,707,400
- Average return on equity (ROE) among peers: 1.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tan Chong Motor Holdings Bhd (4405) | RM2.38 Billion | -1.91% | 0.91x | $14.48 Million |
| DRB - Hicom Bhd (1619) | $8.54 Billion | 6.87% | 4.34x | $192.48 Million |
| Hong Leong Industries Bhd (3301) | $1.87 Billion | 15.64% | 0.27x | $244.14 Million |
| Sime Darby Bhd (4197) | $31.61 Billion | 7.32% | 0.96x | $1.98 Billion |
| CME Group Bhd (7018) | $65.01 Million | -22.81% | 1.03x | $1.20 Million |
| Chin Hin Group Property Bhd (7187) | $85.00 Million | 0.00% | 0.72x | $60.12 Million |