Tune Protect Group Bhd
Tune Protect Group Berhad, a financial holding company, provides underwriting and reinsurance services for non-life insurance products in Malaysia and internationally. It operates through Collective Investment Schemes, General Reinsurance, General Insurance Business, and Life Insurance Business. The company offers personal insurance products, such as house owner, home shield, CI shield, motor, tr… Read more
Tune Protect Group Bhd (5230) - Net Assets
Latest net assets as of September 2025: RM602.94 Million MYR
Based on the latest financial reports, Tune Protect Group Bhd (5230) has net assets worth RM602.94 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 (RM1.20 Billion) and total liabilities (RM600.85 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 | RM602.94 Million |
| % of Total Assets | 50.09% |
| Annual Growth Rate | 12.49% |
| 5-Year Change | -19.75% |
| 10-Year Change | 17.61% |
| Growth Volatility | 72.53 |
Tune Protect Group Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Tune Protect Group 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 Tune Protect Group Bhd (2012–2024)
The table below shows the annual net assets of Tune Protect Group Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM578.63 Million | +0.43% |
| 2023-12-31 | RM576.17 Million | -0.26% |
| 2022-12-31 | RM577.68 Million | -13.81% |
| 2021-12-31 | RM670.26 Million | -7.04% |
| 2020-12-31 | RM721.03 Million | -52.69% |
| 2019-12-31 | RM1.52 Billion | +189.16% |
| 2018-12-31 | RM527.08 Million | +4.78% |
| 2017-12-31 | RM503.01 Million | +1.28% |
| 2016-12-31 | RM496.64 Million | +0.94% |
| 2015-12-31 | RM492.00 Million | +10.56% |
| 2014-12-31 | RM445.00 Million | +12.09% |
| 2013-12-31 | RM397.00 Million | +181.56% |
| 2012-12-31 | RM141.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tune Protect Group 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 26.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM266.79 Million | 50.91% |
| Common Stock | RM249.38 Million | 47.59% |
| Other Comprehensive Income | RM7.90 Million | 1.51% |
| Other Components | RM1.00 | 0.00% |
| Total Equity | RM524.07 Million | 100.00% |
Tune Protect Group Bhd Competitors by Market Cap
The table below lists competitors of Tune Protect Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bellavista Resources Ltd
AU:BVR
|
$30.26 Million |
|
RetinalGenix Technologies Inc
OTCQB:RTGN
|
$30.27 Million |
|
AFFLUENT MEDICAL SAS EO 1
F:0JZ
|
$30.29 Million |
|
Camil Alimentos S.A
SA:CAML3
|
$30.31 Million |
|
Sandfire Resources America Inc
OTCQB:SRAFF
|
$30.24 Million |
|
Flag Ship Acquisition Corp. Unit
NASDAQ:FSHPU
|
$30.23 Million |
|
The LEADCORP Inc
KQ:012700
|
$30.23 Million |
|
A1 Yenilenebilir Enerji Üretim A.S.
IS:A1YEN
|
$30.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tune Protect Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 523,168,000 to 524,072,000, a change of 904,000 (0.2%).
- Net income of 572,000 contributed positively to equity growth.
- Share repurchases of 449,000 reduced equity.
- Other comprehensive income decreased equity by 293,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM572.00K | +0.11% |
| Share Repurchases | RM449.00K | -0.09% |
| Other Comprehensive Income | RM-293.00K | -0.06% |
| Other Changes | RM1.07 Million | +0.2% |
| Total Change | RM- | 0.17% |
Book Value vs Market Value Analysis
This analysis compares Tune Protect Group 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: 0.42x
- 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 | RM0.66 | RM0.30 | x |
| 2017-12-31 | RM0.67 | RM0.30 | x |
| 2018-12-31 | RM0.70 | RM0.30 | x |
| 2019-12-31 | RM0.74 | RM0.30 | x |
| 2020-12-31 | RM0.76 | RM0.30 | x |
| 2021-12-31 | RM0.75 | RM0.30 | x |
| 2022-12-31 | RM0.70 | RM0.30 | x |
| 2023-12-31 | RM0.70 | RM0.30 | x |
| 2024-12-31 | RM0.70 | RM0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tune Protect Group 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): 0.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.16%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.51x
- Recent ROE (0.11%) is below the historical average (5.29%), 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 | 15.29% | 19.27% | 0.30x | 2.68x | RM23.88 Million |
| 2016 | 16.10% | 22.11% | 0.29x | 2.55x | RM30.31 Million |
| 2017 | 9.21% | 12.59% | 0.28x | 2.62x | RM-4.00 Million |
| 2018 | 9.39% | 14.28% | 0.23x | 2.86x | RM-3.20 Million |
| 2019 | 9.07% | 15.07% | 0.21x | 2.87x | RM-5.22 Million |
| 2020 | 3.20% | 6.98% | 0.15x | 3.05x | RM-39.11 Million |
| 2021 | -2.66% | -7.08% | 0.14x | 2.71x | RM-71.38 Million |
| 2022 | -6.67% | -11.72% | 0.22x | 2.58x | RM-87.67 Million |
| 2023 | -0.18% | -0.30% | 0.24x | 2.47x | RM-53.26 Million |
| 2024 | 0.11% | 0.16% | 0.28x | 2.51x | RM-51.84 Million |
Industry Comparison
This section compares Tune Protect Group Bhd's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $2,259,887,500
- Average return on equity (ROE) among peers: 3.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tune Protect Group Bhd (5230) | RM602.94 Million | 15.29% | 1.00x | $30.25 Million |
| Allianz Malaysia Bhd (1163PA) | $4.03 Billion | 12.91% | 4.43x | $499.43 Million |
| MAA Group Bhd (1198) | $488.27 Million | -6.39% | 0.72x | $3.82 Million |