Mieco Chipboard Bhd Net Assets
Mieco Chipboard Bhd net assets. Based on the latest financial reports, Mieco Chipboard Bhd (5001) has net assets worth RM314.67 Million MYR (≈ $79.00 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 (RM582.98 Million ≈ $146.37 Million USD) and total liabilities (RM268.31 Million ≈ $67.36 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. Also explore Mieco Chipboard Bhd (5001) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM314.67 Million |
| % of Total Assets | 53.98% |
| Annual Growth Rate | -0.06% |
| 5-Year Change | -25.25% |
| 10-Year Change | -15.79% |
| Growth Volatility | 14.31 |
Net Assets of Mieco Chipboard Bhd (2012–2025)
Net assets of Mieco Chipboard Bhd from 2012 to 2025. This chart illustrates how Mieco Chipboard Bhd's net assets have evolved over time, based on quarterly financial data. See 5001 net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Mieco Chipboard Bhd (2012–2025)
The table below shows the annual net assets of Mieco Chipboard Bhd from 2012 to 2025. For live market cap and overall valuation, see Mieco Chipboard Bhd (5001) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM316.43 Million ≈ $79.45 Million |
-3.83% |
| 2024-12-31 | RM329.05 Million ≈ $82.61 Million |
+0.79% |
| 2023-12-31 | RM326.48 Million ≈ $81.97 Million |
-16.63% |
| 2022-12-31 | RM391.61 Million ≈ $98.32 Million |
-7.49% |
| 2021-12-31 | RM423.31 Million ≈ $106.28 Million |
+26.36% |
| 2020-12-31 | RM335.00 Million ≈ $84.11 Million |
-1.63% |
| 2019-12-31 | RM340.54 Million ≈ $85.50 Million |
+0.48% |
| 2018-12-31 | RM338.90 Million ≈ $85.09 Million |
-15.85% |
| 2017-12-31 | RM402.71 Million ≈ $101.11 Million |
+7.17% |
| 2016-12-31 | RM375.77 Million ≈ $94.34 Million |
+28.69% |
| 2015-12-31 | RM292.00 Million ≈ $73.31 Million |
+6.96% |
| 2014-12-31 | RM273.00 Million ≈ $68.54 Million |
+7.06% |
| 2013-12-31 | RM255.00 Million ≈ $64.02 Million |
-20.06% |
| 2012-12-31 | RM319.00 Million ≈ $80.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Mieco Chipboard 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 47.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Mieco Chipboard Bhd Net Assets Breakdown (December 2025)
Mieco Chipboard Bhd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM39.84 Million | 12.59% |
| Common Stock | RM276.67 Million | 87.43% |
| Total Equity | RM316.43 Million | 100.00% |
Mieco Chipboard Bhd Competitors by Market Cap
The table below lists competitors of Mieco Chipboard Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CJ Freshway Corporation
KQ:051500
|
$164.52 Million |
|
Molecular Partners AG ADR
NASDAQ:MOLN
|
$164.56 Million |
|
Hanover Bancorp Inc
NASDAQ:HNVR
|
$164.67 Million |
|
Amway (Malaysia) Holdings Bhd
KLSE:6351
|
$164.67 Million |
|
Maeil Dairies Co. Ltd
KQ:267980
|
$164.40 Million |
|
5paisa Capital Ltd
NSE:5PAISA
|
$164.39 Million |
|
Mediantechn
PA:ALMDT
|
$164.39 Million |
|
Wei Chih Steel Industrial Co Ltd
TW:2028
|
$164.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mieco Chipboard Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 329,046,000 to 316,431,000, a change of -12,615,000 (-3.8%).
- Net loss of 12,615,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-12.62 Million | -3.99% |
| Total Change | RM- | -3.83% |
Book Value vs Market Value Analysis
This analysis compares Mieco Chipboard 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: 2.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.46x to 2.07x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.45 | RM0.66 | x |
| 2017-12-31 | RM0.48 | RM0.66 | x |
| 2018-12-31 | RM0.40 | RM0.66 | x |
| 2019-12-31 | RM0.41 | RM0.66 | x |
| 2020-12-31 | RM0.40 | RM0.66 | x |
| 2021-12-31 | RM0.42 | RM0.66 | x |
| 2022-12-31 | RM0.39 | RM0.66 | x |
| 2023-12-31 | RM0.33 | RM0.66 | x |
| 2024-12-31 | RM0.33 | RM0.66 | x |
| 2025-12-31 | RM0.32 | RM0.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mieco Chipboard 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): -3.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.49%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.99x
- Recent ROE (-3.99%) is below the historical average (-0.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 6.50% | 5.35% | 0.66x | 1.83x | RM-10.22 Million |
| 2016 | 22.00% | 25.51% | 0.58x | 1.49x | RM45.10 Million |
| 2017 | 11.91% | 13.73% | 0.58x | 1.49x | RM7.68 Million |
| 2018 | -17.88% | -14.43% | 0.57x | 2.16x | RM-94.47 Million |
| 2019 | 0.48% | 0.39% | 0.61x | 2.07x | RM-32.40 Million |
| 2020 | -1.34% | -1.19% | 0.58x | 1.93x | RM-37.98 Million |
| 2021 | 6.50% | 7.38% | 0.51x | 1.74x | RM-14.83 Million |
| 2022 | -8.61% | -10.27% | 0.52x | 1.63x | RM-72.88 Million |
| 2023 | -19.94% | -18.14% | 0.54x | 2.03x | RM-97.75 Million |
| 2024 | 0.47% | 0.38% | 0.62x | 1.99x | RM-31.37 Million |
| 2025 | -3.99% | -3.49% | 0.58x | 1.99x | RM-44.26 Million |
Industry Comparison
This section compares Mieco Chipboard Bhd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $212,010,141
- Average return on equity (ROE) among peers: -7.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mieco Chipboard Bhd (5001) | RM314.67 Million | 6.50% | 0.85x | $164.45 Million |
| Kanger International Bhd (0170) | $96.56 Million | 10.10% | 0.43x | $2.56 Million |
| NWP Holdings Bhd (5025) | $46.00 Million | -8.70% | 0.15x | $20.78 Million |
| Annum Bhd (5082) | $91.28 Million | -77.51% | 0.34x | $285.59K |
| HeveaBoard Bhd (5095) | $422.13 Million | -0.28% | 0.25x | $14.92 Million |
| Focus Lumber Bhd (5197) | $147.00 Million | 21.77% | 0.08x | $12.07 Million |
| Minho M Bhd (5576) | $344.00 Million | 4.65% | 0.34x | $23.73 Million |
| Golden Pharos Bhd (5649) | $73.00 Million | -4.11% | 0.73x | $5.12 Million |
| Subur Tiasa Holdings Bhd (6904) | $650.10 Million | 0.47% | 1.27x | $29.84 Million |
| Woodlandor Holdings Bhd (7025) | $38.03 Million | -17.11% | 0.28x | $5.27 Million |
About Mieco Chipboard Bhd
Mieco Berhad, an investment holding company, engages in the manufacture and sale of wood-based products in Malaysia, Hong Kong, China, and internationally. The company manufactures and distributes particle boards, melamine faced chipboards, medium density fibreboards, and solid rubberwood products. It also offers high pressure laminate, rubberwood raw material, and wooded pellets, as well as chip… Read more