Tasco Bhd (5140) - Net Assets
Based on the latest financial reports, Tasco Bhd (5140) has net assets worth RM729.99 Million MYR (≈ $183.28 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 (RM1.69 Billion ≈ $425.46 Million USD) and total liabilities (RM964.62 Million ≈ $242.18 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 how strategically is Tasco Bhd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM729.99 Million |
| % of Total Assets | 43.08% |
| Annual Growth Rate | 10.6% |
| 5-Year Change | 25.74% |
| 10-Year Change | 115.23% |
| Growth Volatility | 9.07 |
Tasco Bhd - Net Assets Trend (2008–2026)
This chart illustrates how Tasco Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Tasco Bhd.
Annual Net Assets for Tasco Bhd (2008–2026)
The table below shows the annual net assets of Tasco Bhd from 2008 to 2026. Also explore net asset momentum of Tasco Bhd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | RM735.50 Million ≈ $184.66 Million |
+3.86% |
| 2025-03-31 | RM708.14 Million ≈ $177.79 Million |
+1.31% |
| 2024-03-31 | RM698.98 Million ≈ $175.49 Million |
+5.29% |
| 2023-03-31 | RM663.87 Million ≈ $166.68 Million |
+13.49% |
| 2022-03-31 | RM584.94 Million ≈ $146.86 Million |
+9.01% |
| 2021-03-31 | RM536.57 Million ≈ $134.72 Million |
+7.26% |
| 2020-03-31 | RM500.26 Million ≈ $125.60 Million |
+34.16% |
| 2019-03-31 | RM372.89 Million ≈ $93.62 Million |
+2.53% |
| 2018-03-31 | RM363.71 Million ≈ $91.32 Million |
+6.43% |
| 2017-03-31 | RM341.72 Million ≈ $85.80 Million |
+6.54% |
| 2016-03-31 | RM320.76 Million ≈ $80.53 Million |
+6.97% |
| 2015-03-31 | RM299.87 Million ≈ $75.29 Million |
+9.99% |
| 2014-03-31 | RM272.63 Million ≈ $68.45 Million |
-0.14% |
| 2013-12-31 | RM273.00 Million ≈ $68.54 Million |
+6.63% |
| 2013-03-31 | RM256.03 Million ≈ $64.28 Million |
+6.16% |
| 2012-03-31 | RM241.18 Million ≈ $60.55 Million |
+12.63% |
| 2011-03-31 | RM214.14 Million ≈ $53.76 Million |
+18.72% |
| 2010-03-31 | RM180.37 Million ≈ $45.28 Million |
+13.28% |
| 2009-03-31 | RM159.22 Million ≈ $39.98 Million |
+32.64% |
| 2008-03-31 | RM120.05 Million ≈ $30.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tasco 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 651.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM562.13 Million | 84.62% |
| Common Stock | RM100.80 Million | 15.17% |
| Other Comprehensive Income | RM-65.00K | -0.01% |
| Other Components | RM1.40 Million | 0.21% |
| Total Equity | RM664.27 Million | 100.00% |
Tasco Bhd Competitors by Market Cap
The table below lists competitors of Tasco Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Act Co Ltd
KQ:138360
|
$73.32 Million |
|
IMPACT Silver Corp.
V:IPT
|
$73.33 Million |
|
Unitronics
TA:UNIT
|
$73.34 Million |
|
XAC Automation
TWO:5490
|
$73.37 Million |
|
Thanh Cong Textile Garment Investment Trading JSC
VN:TCM
|
$73.30 Million |
|
Eyenovia Inc
NASDAQ:EYEN
|
$73.30 Million |
|
Novita S.A.
WAR:NVT
|
$73.28 Million |
|
United U Li Corporation Bhd
KLSE:7133
|
$73.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tasco Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 636,805,000 to 664,272,000, a change of 27,467,000 (4.3%).
- Net income of 37,466,000 contributed positively to equity growth.
- Dividend payments of 10,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 65,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM37.47 Million | +5.64% |
| Dividends Paid | RM10.00 Million | -1.51% |
| Other Comprehensive Income | RM-65.00K | -0.01% |
| Other Changes | RM66.00K | +0.01% |
| Total Change | RM- | 4.31% |
Book Value vs Market Value Analysis
This analysis compares Tasco 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: 0.44x
- 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 1.82x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | RM0.20 | RM0.37 | x |
| 2009-03-31 | RM0.26 | RM0.37 | x |
| 2010-03-31 | RM0.23 | RM0.37 | x |
| 2011-03-31 | RM0.27 | RM0.37 | x |
| 2012-03-31 | RM0.30 | RM0.37 | x |
| 2013-03-31 | RM0.32 | RM0.37 | x |
| 2014-03-31 | RM0.34 | RM0.37 | x |
| 2015-03-31 | RM0.37 | RM0.37 | x |
| 2016-03-31 | RM0.40 | RM0.37 | x |
| 2017-03-31 | RM0.43 | RM0.37 | x |
| 2018-03-31 | RM0.45 | RM0.37 | x |
| 2019-03-31 | RM0.46 | RM0.37 | x |
| 2020-03-31 | RM0.54 | RM0.37 | x |
| 2021-03-31 | RM0.59 | RM0.37 | x |
| 2022-03-31 | RM0.65 | RM0.37 | x |
| 2023-03-31 | RM0.74 | RM0.37 | x |
| 2024-03-31 | RM0.79 | RM0.37 | x |
| 2025-03-31 | RM0.80 | RM0.37 | x |
| 2026-03-31 | RM0.83 | RM0.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tasco 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): 5.64%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.11%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.87x
- Recent ROE (5.64%) is below the historical average (9.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 10.33% | 3.49% | 2.08x | 1.42x | RM398.48K |
| 2009 | 8.28% | 3.99% | 1.58x | 1.31x | RM-2.74 Million |
| 2010 | 10.19% | 5.01% | 1.49x | 1.37x | RM348.02K |
| 2011 | 11.59% | 5.59% | 1.50x | 1.38x | RM3.40 Million |
| 2012 | 14.37% | 7.37% | 1.35x | 1.44x | RM10.52 Million |
| 2013 | 11.31% | 6.53% | 1.28x | 1.35x | RM3.34 Million |
| 2014 | 9.31% | 5.71% | 1.24x | 1.31x | RM-1.87 Million |
| 2015 | 10.26% | 6.21% | 1.15x | 1.44x | RM771.06K |
| 2016 | 9.57% | 5.94% | 1.14x | 1.41x | RM-1.38 Million |
| 2017 | 9.00% | 5.25% | 1.14x | 1.51x | RM-3.40 Million |
| 2018 | 8.11% | 4.14% | 0.95x | 2.07x | RM-6.84 Million |
| 2019 | 3.52% | 1.77% | 0.86x | 2.31x | RM-24.06 Million |
| 2020 | 2.04% | 1.19% | 0.79x | 2.18x | RM-34.68 Million |
| 2021 | 8.79% | 4.36% | 0.99x | 2.05x | RM-5.69 Million |
| 2022 | 12.62% | 4.40% | 1.08x | 2.66x | RM13.56 Million |
| 2023 | 15.24% | 5.65% | 1.05x | 2.58x | RM31.23 Million |
| 2024 | 9.81% | 5.76% | 0.64x | 2.66x | RM-1.20 Million |
| 2025 | 4.11% | 2.59% | 0.53x | 2.98x | RM-37.49 Million |
| 2026 | 5.64% | 4.11% | 0.48x | 2.87x | RM-28.96 Million |
Industry Comparison
This section compares Tasco Bhd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $297,368,428
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tasco Bhd (5140) | RM729.99 Million | 10.33% | 1.32x | $73.31 Million |
| Ancom Logistics Bhd (0048) | $23.45 Million | -1.47% | 1.07x | $11.29 Million |
| GD Express Carrier Bhd (0078) | $386.81 Million | 8.90% | 0.12x | $185.85 Million |
| Straits Inter Logistics Bhd (0080) | $177.60 Million | 3.98% | 2.42x | $6.87 Million |
| Tri-Mode System M Bhd (0199) | $93.63 Million | 1.74% | 0.90x | $6.88 Million |
| KGW Group Berhad (0282) | $48.08 Million | 0.65% | 0.45x | $12.12 Million |
| AGX Group Berhad (0299) | $5.29 Million | 10.57% | 12.50x | $47.82 Million |
| Sin-Kung Logistics Berhad (0305) | $42.33 Million | 34.24% | 1.20x | $25.61 Million |
| Harbour Link Group Bhd (2062) | $326.61 Million | 17.21% | 0.80x | $129.09 Million |
| POS Malaysia&Services Holdings Bhd (4634) | $1.57 Billion | 9.24% | 0.28x | $52.08 Million |
About Tasco Bhd
TASCO Berhad provides integrated logistics solutions worldwide. It operates through six segments: Air Freight Forwarding, Contract Logistics, Trucking, Ocean Freight Forwarding, Cold Supply Chain, and Supply Chain Solution. It offers airfreight forwarding services, including temperature control, sensitive equipment, small parcels, e-commerce, high security level cargo, project cargo, and chartere… Read more