Turbo Mech Bhd
Turbo-Mech Berhad, an investment holding company, engages in sale of rotating equipment and spare parts for the oil and gas, petrochemical, and chemical industries in Malaysia, Singapore, Indonesia, the Philippines, Thailand, Vietnam, Brunei, and internationally. The company offers pumps, compressors, and turbines. The company provides maintenance and overhaul services. It also provides pump perf… Read more
Turbo Mech Bhd (5167) - Net Assets
Latest net assets as of September 2025: RM120.80 Million MYR
Based on the latest financial reports, Turbo Mech Bhd (5167) has net assets worth RM120.80 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM125.97 Million) and total liabilities (RM5.17 Million). 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 | RM120.80 Million |
| % of Total Assets | 95.9% |
| Annual Growth Rate | 4.61% |
| 5-Year Change | 9.06% |
| 10-Year Change | 24.45% |
| Growth Volatility | 4.95 |
Turbo Mech Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Turbo Mech 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 Turbo Mech Bhd (2012–2024)
The table below shows the annual net assets of Turbo Mech Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM121.96 Million | -4.56% |
| 2023-12-31 | RM127.79 Million | +7.37% |
| 2022-12-31 | RM119.01 Million | +3.65% |
| 2021-12-31 | RM114.82 Million | +2.68% |
| 2020-12-31 | RM111.83 Million | +3.37% |
| 2019-12-31 | RM108.19 Million | +1.95% |
| 2018-12-31 | RM106.12 Million | +5.55% |
| 2017-12-31 | RM100.54 Million | +1.05% |
| 2016-12-31 | RM99.49 Million | +1.52% |
| 2015-12-31 | RM98.00 Million | +13.95% |
| 2014-12-31 | RM86.00 Million | +13.16% |
| 2013-12-31 | RM76.00 Million | +7.04% |
| 2012-12-31 | RM71.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Turbo Mech 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 88.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM47.06 Million | 38.58% |
| Common Stock | RM54.00 Million | 44.28% |
| Other Components | RM20.90 Million | 17.14% |
| Total Equity | RM121.96 Million | 100.00% |
Turbo Mech Bhd Competitors by Market Cap
The table below lists competitors of Turbo Mech Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gecina Nom
STU:GI6A
|
$638.28K |
|
NEW YORK TIMES -A- (NYT.SG)
STU:NYT
|
$638.44K |
|
Ovoca Gold PLC
IR:OVXA
|
$638.59K |
|
ISIS PHARMACEUTICAL
BE:ISI
|
$638.61K |
|
Brewbilt Brewing Co
PINK:BRBL
|
$635.90K |
|
Retail Estates SA
STU:R6N
|
$634.91K |
|
VIENNA INSURANCE GR
BE:WSV2
|
$634.75K |
|
Oxbridge Re Holdings Equity Warrant
NASDAQ:OXBRW
|
$634.71K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Turbo Mech Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 127,789,930 to 121,956,530, a change of -5,833,400 (-4.6%).
- Net income of 965,510 contributed positively to equity growth.
- Dividend payments of 1,080,000 reduced retained earnings.
- Other factors decreased equity by 5,718,910.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM965.51K | +0.79% |
| Dividends Paid | RM1.08 Million | -0.89% |
| Other Changes | RM-5.72 Million | -4.69% |
| Total Change | RM- | -4.56% |
Book Value vs Market Value Analysis
This analysis compares Turbo Mech 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: 0.27x
- 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 | RM0.92 | RM0.31 | x |
| 2017-12-31 | RM0.93 | RM0.31 | x |
| 2018-12-31 | RM0.98 | RM0.31 | x |
| 2019-12-31 | RM1.00 | RM0.31 | x |
| 2020-12-31 | RM1.04 | RM0.31 | x |
| 2021-12-31 | RM1.06 | RM0.31 | x |
| 2022-12-31 | RM1.10 | RM0.31 | x |
| 2023-12-31 | RM1.18 | RM0.31 | x |
| 2024-12-31 | RM1.13 | RM0.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Turbo Mech 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): 0.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.31%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.08x
- Recent ROE (0.79%) is below the historical average (3.83%), 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 | 8.19% | 22.22% | 0.31x | 1.18x | RM-1.77 Million |
| 2016 | 4.20% | 10.43% | 0.33x | 1.22x | RM-5.77 Million |
| 2017 | 3.08% | 6.86% | 0.41x | 1.10x | RM-6.96 Million |
| 2018 | 6.17% | 15.99% | 0.36x | 1.06x | RM-4.07 Million |
| 2019 | 2.77% | 6.16% | 0.40x | 1.14x | RM-7.82 Million |
| 2020 | 4.81% | 10.89% | 0.40x | 1.11x | RM-5.80 Million |
| 2021 | 4.39% | 11.80% | 0.33x | 1.12x | RM-6.44 Million |
| 2022 | 1.47% | 3.56% | 0.38x | 1.10x | RM-10.15 Million |
| 2023 | 2.40% | 7.23% | 0.31x | 1.08x | RM-9.72 Million |
| 2024 | 0.79% | 2.31% | 0.32x | 1.08x | RM-11.23 Million |
Industry Comparison
This section compares Turbo Mech Bhd's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $270,277,088
- Average return on equity (ROE) among peers: 6.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Turbo Mech Bhd (5167) | RM120.80 Million | 8.19% | 0.04x | $636.52K |
| Nexgram Holdings Bhd (0096) | $113.98 Million | -4.68% | 0.42x | $2.53 Million |
| UNITRAD (0247) | $359.41 Million | 5.73% | 2.14x | $17.55 Million |
| Yew Lee Pacific Group Berhad (0248) | $26.08 Million | 19.92% | 0.46x | $10.93 Million |
| Harrisons Holdings (Malaysia) (5008) | $333.43 Million | 8.84% | 1.28x | $68.65 Million |
| Knusford Bhd (5035) | $228.53 Million | 4.02% | 0.95x | $1.27 Million |
| Engtex Group Bhd (5056) | $442.00 Million | 9.95% | 1.50x | $33.17 Million |
| DKSH Holdings Malaysia Berhad (5908) | $498.32 Million | 7.39% | 2.65x | $40.52 Million |
| UMS Holdings Bhd (7137) | $160.46 Million | 3.34% | 0.05x | $4.17 Million |