Tong Herr Resources Bhd (5010) - Net Assets
Based on the latest financial reports, Tong Herr Resources Bhd (5010) has net assets worth RM532.54 Million MYR (≈ $133.70 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM654.43 Million ≈ $164.31 Million USD) and total liabilities (RM121.89 Million ≈ $30.60 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 Tong Herr Resources Bhd total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM532.54 Million |
| % of Total Assets | 81.37% |
| Annual Growth Rate | 3.23% |
| 5-Year Change | 18.28% |
| 10-Year Change | 36.04% |
| Growth Volatility | 5.03 |
Tong Herr Resources Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Tong Herr Resources Bhd's net assets have evolved over time, based on quarterly financial data. Check Tong Herr Resources Bhd (5010) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Tong Herr Resources Bhd (2012–2025)
The table below shows the annual net assets of Tong Herr Resources Bhd from 2012 to 2025. For live valuation and market cap data, see 5010 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM589.36 Million ≈ $147.97 Million |
+9.82% |
| 2024-12-31 | RM536.67 Million ≈ $134.74 Million |
-3.17% |
| 2023-12-31 | RM554.23 Million ≈ $139.15 Million |
-1.58% |
| 2022-12-31 | RM563.14 Million ≈ $141.39 Million |
+13.02% |
| 2021-12-31 | RM498.27 Million ≈ $125.10 Million |
+3.68% |
| 2020-12-31 | RM480.57 Million ≈ $120.66 Million |
+2.37% |
| 2019-12-31 | RM469.46 Million ≈ $117.87 Million |
+3.28% |
| 2018-12-31 | RM454.56 Million ≈ $114.12 Million |
+5.68% |
| 2017-12-31 | RM430.12 Million ≈ $107.99 Million |
-0.72% |
| 2016-12-31 | RM433.23 Million ≈ $108.77 Million |
-5.41% |
| 2015-12-31 | RM458.00 Million ≈ $114.99 Million |
+4.09% |
| 2014-12-31 | RM440.00 Million ≈ $110.47 Million |
+8.37% |
| 2013-12-31 | RM406.00 Million ≈ $101.93 Million |
+4.10% |
| 2012-12-31 | RM390.00 Million ≈ $97.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tong Herr Resources 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 38.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM309.22 Million | 58.07% |
| Other Components | RM223.31 Million | 41.93% |
| Total Equity | RM532.54 Million | 100.00% |
Tong Herr Resources Bhd Competitors by Market Cap
The table below lists competitors of Tong Herr Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nordisk Bergteknik AB Series B
ST:NORB-B
|
$64.37 Million |
|
Gohigh Data Networks Technology Co Ltd
SHE:000851
|
$64.38 Million |
|
HY Energy Group Co Ltd
SHG:600387
|
$64.39 Million |
|
China Fangda Group Co Ltd
SHE:200055
|
$64.40 Million |
|
Kayseri Seker Fabrikasi AS
IS:KAYSE
|
$64.36 Million |
|
Sinkang Industries Co Ltd
TW:2032
|
$64.36 Million |
|
Value8 N.V
AS:VALUE
|
$64.35 Million |
|
Bathurst Resources Ltd
F:B0R
|
$64.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tong Herr Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 536,673,000 to 532,539,000, a change of -4,134,000 (-0.8%).
- Net income of 5,756,000 contributed positively to equity growth.
- Dividend payments of 5,066,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM5.76 Million | +1.08% |
| Dividends Paid | RM5.07 Million | -0.95% |
| Other Changes | RM-4.82 Million | -0.91% |
| Total Change | RM- | -0.77% |
Book Value vs Market Value Analysis
This analysis compares Tong Herr Resources 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: 0.48x
- 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 0.60x to 0.48x 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 | RM2.80 | RM1.67 | x |
| 2017-12-31 | RM2.78 | RM1.67 | x |
| 2018-12-31 | RM2.94 | RM1.67 | x |
| 2019-12-31 | RM3.06 | RM1.67 | x |
| 2020-12-31 | RM3.13 | RM1.67 | x |
| 2021-12-31 | RM3.25 | RM1.67 | x |
| 2022-12-31 | RM3.67 | RM1.67 | x |
| 2023-12-31 | RM3.61 | RM1.67 | x |
| 2024-12-31 | RM3.50 | RM1.67 | x |
| 2025-12-31 | RM3.47 | RM1.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tong Herr Resources 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): 1.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.03%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.23x
- Recent ROE (1.08%) is below the historical average (7.79%), 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 | 10.44% | 7.89% | 0.94x | 1.41x | RM1.91 Million |
| 2017 | 13.35% | 8.27% | 1.13x | 1.42x | RM14.40 Million |
| 2018 | 13.39% | 7.62% | 1.20x | 1.47x | RM15.42 Million |
| 2019 | 4.21% | 3.06% | 0.97x | 1.42x | RM-27.18 Million |
| 2020 | 6.38% | 5.53% | 0.85x | 1.36x | RM-17.37 Million |
| 2021 | 12.87% | 8.53% | 0.91x | 1.66x | RM14.31 Million |
| 2022 | 14.66% | 8.35% | 1.41x | 1.24x | RM26.22 Million |
| 2023 | 1.16% | 1.07% | 0.90x | 1.20x | RM-49.00 Million |
| 2024 | 0.31% | 0.31% | 0.78x | 1.28x | RM-51.99 Million |
| 2025 | 1.08% | 1.03% | 0.86x | 1.23x | RM-47.50 Million |
Industry Comparison
This section compares Tong Herr Resources Bhd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $135,404,997
- Average return on equity (ROE) among peers: 1.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tong Herr Resources Bhd (5010) | RM532.54 Million | 10.44% | 0.23x | $64.37 Million |
| MQ Technology Bhd (0070) | $42.97 Million | -12.38% | 0.34x | $3.26 Million |
| Techfast Holdings Bhd (0084) | $108.51 Million | -5.23% | 0.14x | $5.05 Million |
| Sanichi Technology Bhd (0133) | $249.86 Million | -8.03% | 0.22x | $3.09 Million |
| Chin Well Holdings Bhd (5007) | $388.00 Million | 12.37% | 0.51x | $50.19 Million |
| HPMT Holdings Bhd (5291) | $54.82 Million | 22.92% | 0.85x | $14.85 Million |
| MyTech Group Bhd (7692) | $39.05 Million | 2.72% | 0.08x | $16.07 Million |
| Jasa Kita Bhd (8648) | $64.62 Million | 0.03% | 0.04x | $24.27 Million |
About Tong Herr Resources Bhd
Tong Herr Resources Berhad, an investment holding company, manufactures and sells stainless steel fasteners in Malaysia, Thailand, Taiwan, the United States, and internationally. It offers nuts, bolts, screws, and various threaded items. The company is also involved in the extrusion and fabrication of aluminium products; and trading of aluminium extrusion products and parts. It serves solar energ… Read more