Mesiniaga Bhd (5011) - Net Assets
Based on the latest financial reports, Mesiniaga Bhd (5011) has net assets worth RM108.57 Million MYR (≈ $27.26 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM191.51 Million ≈ $48.08 Million USD) and total liabilities (RM82.94 Million ≈ $20.82 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 5011 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM108.57 Million |
| % of Total Assets | 56.69% |
| Annual Growth Rate | -4.63% |
| 5-Year Change | 5.31% |
| 10-Year Change | -10.48% |
| Growth Volatility | 8.44 |
Mesiniaga Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Mesiniaga Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 5011 total assets for the complete picture of this company's asset base.
Annual Net Assets for Mesiniaga Bhd (2012–2024)
The table below shows the annual net assets of Mesiniaga Bhd from 2012 to 2024. For live valuation and market cap data, see Mesiniaga Bhd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM109.22 Million ≈ $27.42 Million |
-1.08% |
| 2023-12-31 | RM110.41 Million ≈ $27.72 Million |
-0.37% |
| 2022-12-31 | RM110.81 Million ≈ $27.82 Million |
+5.06% |
| 2021-12-31 | RM105.48 Million ≈ $26.48 Million |
+1.71% |
| 2020-12-31 | RM103.71 Million ≈ $26.04 Million |
-9.10% |
| 2019-12-31 | RM114.10 Million ≈ $28.65 Million |
-0.70% |
| 2018-12-31 | RM114.90 Million ≈ $28.85 Million |
-10.28% |
| 2017-12-31 | RM128.06 Million ≈ $32.15 Million |
+12.18% |
| 2016-12-31 | RM114.16 Million ≈ $28.66 Million |
-6.43% |
| 2015-12-31 | RM122.00 Million ≈ $30.63 Million |
-13.48% |
| 2014-12-31 | RM141.00 Million ≈ $35.40 Million |
-20.34% |
| 2013-12-31 | RM177.00 Million ≈ $44.44 Million |
-8.29% |
| 2012-12-31 | RM193.00 Million ≈ $48.46 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Mesiniaga 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 10.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM44.51 Million | 40.75% |
| Common Stock | RM64.53 Million | 59.08% |
| Other Components | RM179.00K | 0.16% |
| Total Equity | RM109.22 Million | 100.00% |
Mesiniaga Bhd Competitors by Market Cap
The table below lists competitors of Mesiniaga Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hubei Geoway Investment Co Ltd
SHG:600462
|
$18.96 Million |
|
Dev Information Technology Limited
NSE:DEVIT
|
$18.97 Million |
|
Reborn Coffee Inc
NASDAQ:REBN
|
$18.98 Million |
|
Alma Metals Ltd
AU:ALM
|
$18.98 Million |
|
Aelis Farma SA
PA:AELIS
|
$18.95 Million |
|
Evoke Pharma Inc
NASDAQ:EVOK
|
$18.95 Million |
|
4Sight Holdings Ltd
JSE:4SI
|
$18.95 Million |
|
Konsolidator AS
CO:KONSOL
|
$18.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mesiniaga Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 110,407,000 to 109,218,000, a change of -1,189,000 (-1.1%).
- Net loss of 3,378,000 reduced equity.
- Dividend payments of 1,510,000 reduced retained earnings.
- Other factors increased equity by 3,699,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-3.38 Million | -3.09% |
| Dividends Paid | RM1.51 Million | -1.38% |
| Other Changes | RM3.70 Million | +3.39% |
| Total Change | RM- | -1.08% |
Book Value vs Market Value Analysis
This analysis compares Mesiniaga 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: 0.69x
- 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 | RM1.89 | RM1.25 | x |
| 2017-12-31 | RM2.12 | RM1.25 | x |
| 2018-12-31 | RM1.90 | RM1.25 | x |
| 2019-12-31 | RM1.89 | RM1.25 | x |
| 2020-12-31 | RM1.72 | RM1.25 | x |
| 2021-12-31 | RM1.75 | RM1.25 | x |
| 2022-12-31 | RM1.83 | RM1.25 | x |
| 2023-12-31 | RM1.83 | RM1.25 | x |
| 2024-12-31 | RM1.81 | RM1.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mesiniaga 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): -3.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.87%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.65x
- Recent ROE (-3.09%) is below the historical average (1.09%), 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 | 2.84% | 1.42% | 1.16x | 1.72x | RM-8.17 Million |
| 2017 | 12.82% | 7.26% | 1.04x | 1.70x | RM3.61 Million |
| 2018 | -7.56% | -4.80% | 0.96x | 1.65x | RM-20.18 Million |
| 2019 | -0.77% | -0.28% | 1.08x | 2.56x | RM-12.29 Million |
| 2020 | -9.01% | -4.73% | 1.09x | 1.75x | RM-19.72 Million |
| 2021 | 5.18% | 2.28% | 1.08x | 2.10x | RM-5.08 Million |
| 2022 | 5.87% | 2.22% | 1.24x | 2.13x | RM-4.57 Million |
| 2023 | 3.54% | 1.50% | 1.09x | 2.17x | RM-7.14 Million |
| 2024 | -3.09% | -1.87% | 1.00x | 1.65x | RM-14.30 Million |
Industry Comparison
This section compares Mesiniaga Bhd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $154,301,364
- Average return on equity (ROE) among peers: -8.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mesiniaga Bhd (5011) | RM108.57 Million | 2.84% | 0.76x | $18.96 Million |
| NetX Holdings Bhd (0020) | $18.58 Million | -64.13% | 0.28x | $11.77 Million |
| Metronic Global Bhd (0043) | $151.33 Million | -19.43% | 0.23x | $1.92 Million |
| NCT Alliance Bhd (0056) | $802.53 Million | 6.18% | 1.24x | $308.04 Million |
| Vortex Consolidated Bhd (0060) | $312.11 Million | 0.76% | 0.09x | $72.28 Million |
| Lyc Healthcare Bhd (0075) | $27.58 Million | -33.45% | 5.64x | $2.79 Million |
| Aldrich Resources Bhd (0079) | $22.35 Million | -5.12% | 0.36x | $5.18 Million |
| Rexit Bhd (0106) | $36.05 Million | 21.79% | 0.08x | $24.14 Million |
| Privasia Technology Bhd (0123) | $60.75 Million | 1.15% | 0.92x | $13.57 Million |
| Microlink Solutions Bhd (0126) | $56.55 Million | 2.38% | 2.08x | $32.31 Million |
| Diversified Gateway Solutions Bhd (0131) | $55.19 Million | 6.62% | 0.85x | $15.91 Million |
About Mesiniaga Bhd
Mesiniaga Berhad, together with its subsidiaries, engages in the sale and service of information technology products and related services in Malaysia. The company's products include the NetSysCare to monitor the health of network devices, servers, and other critical equipment; Chatgu, a private AI chatbot; ailmu; LegalEye; smart scope of work extraction; eHandbook assistant; transcription tool; m… Read more