MI Technovation Bhd
Mi Technovation Berhad, an investment holding company, engages in the design, development, manufacturing, and sales of semiconductor manufacturing equipment in Southeast Asia, Northeast Asia, and North America. It operates through Semiconductor Equipment Business Unit, Semiconductor Material Business Unit, and Semiconductor Solutions Business Unit, and Others segments. The Semiconductor Equipment… Read more
MI Technovation Bhd (5286) - Net Assets
Latest net assets as of September 2025: RM1.08 Billion MYR
Based on the latest financial reports, MI Technovation Bhd (5286) has net assets worth RM1.08 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.28 Billion) and total liabilities (RM195.10 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 | RM1.08 Billion |
| % of Total Assets | 84.71% |
| Annual Growth Rate | 36.89% |
| 5-Year Change | 164.95% |
| 10-Year Change | N/A |
| Growth Volatility | 113.64 |
MI Technovation Bhd - Net Assets Trend (2015–2024)
This chart illustrates how MI Technovation 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 MI Technovation Bhd (2015–2024)
The table below shows the annual net assets of MI Technovation Bhd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM1.03 Billion | -4.28% |
| 2023-12-31 | RM1.07 Billion | +2.48% |
| 2022-12-31 | RM1.05 Billion | +1.98% |
| 2021-12-31 | RM1.03 Billion | +164.85% |
| 2020-12-31 | RM388.28 Million | +2.24% |
| 2019-12-31 | RM379.77 Million | +14.79% |
| 2018-12-31 | RM330.85 Million | +6.53% |
| 2017-12-31 | RM310.57 Million | +349.87% |
| 2016-12-31 | RM69.04 Million | +13.36% |
| 2015-12-31 | RM60.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MI Technovation 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 371.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM274.49 Million | 26.64% |
| Common Stock | RM855.46 Million | 83.04% |
| Other Comprehensive Income | RM-25.51 Million | -2.48% |
| Total Equity | RM1.03 Billion | 100.00% |
MI Technovation Bhd Competitors by Market Cap
The table below lists competitors of MI Technovation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen TVT Digital Technology Co Ltd
SHE:002835
|
$194.68 Million |
|
Ads Tec Energy PLC
NASDAQ:ADSE
|
$194.80 Million |
|
Zhejiang Ming Jewelry Co Ltd
SHE:002574
|
$194.85 Million |
|
Sampo Corp
TW:1604
|
$194.91 Million |
|
ADLINK Technology Inc
TW:6166
|
$194.63 Million |
|
Mo-BRUK S.A
PINK:MBRFF
|
$194.61 Million |
|
PHX Energy Services Corp
OTCQB:PHXHF
|
$194.54 Million |
|
Guangzhou Shangpin Home Collection Co Ltd
SHE:300616
|
$194.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MI Technovation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,075,021,838 to 1,030,239,000, a change of -44,782,838 (-4.2%).
- Net income of 68,073,000 contributed positively to equity growth.
- Dividend payments of 71,458,000 reduced retained earnings.
- Share repurchases of 1,960,000 reduced equity.
- Other comprehensive income decreased equity by 37,821,884.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM68.07 Million | +6.61% |
| Dividends Paid | RM71.46 Million | -6.94% |
| Share Repurchases | RM1.96 Million | -0.19% |
| Other Comprehensive Income | RM-37.82 Million | -3.67% |
| Other Changes | RM-1.62 Million | -0.16% |
| Total Change | RM- | -4.17% |
Book Value vs Market Value Analysis
This analysis compares MI Technovation 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: 2.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 35.34x to 2.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | RM0.08 | RM2.87 | x |
| 2016-12-31 | RM0.09 | RM2.87 | x |
| 2017-12-31 | RM0.57 | RM2.87 | x |
| 2018-12-31 | RM0.50 | RM2.87 | x |
| 2019-12-31 | RM0.51 | RM2.87 | x |
| 2020-12-31 | RM0.52 | RM2.87 | x |
| 2021-12-31 | RM1.25 | RM2.87 | x |
| 2022-12-31 | RM1.17 | RM2.87 | x |
| 2023-12-31 | RM1.20 | RM2.87 | x |
| 2024-12-31 | RM1.15 | RM2.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MI Technovation 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): 6.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.69%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.15x
- Recent ROE (6.61%) is below the historical average (17.67%), 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 | 67.17% | 38.91% | 1.08x | 1.60x | RM34.82 Million |
| 2016 | 23.29% | 28.16% | 0.64x | 1.29x | RM9.17 Million |
| 2017 | 19.10% | 34.22% | 0.51x | 1.10x | RM28.25 Million |
| 2018 | 13.40% | 27.65% | 0.42x | 1.15x | RM11.26 Million |
| 2019 | 15.58% | 30.96% | 0.44x | 1.13x | RM21.19 Million |
| 2020 | 13.91% | 23.58% | 0.52x | 1.13x | RM15.17 Million |
| 2021 | 6.00% | 16.47% | 0.31x | 1.18x | RM-41.16 Million |
| 2022 | 6.54% | 17.68% | 0.32x | 1.17x | RM-36.45 Million |
| 2023 | 5.13% | 15.48% | 0.29x | 1.14x | RM-52.39 Million |
| 2024 | 6.61% | 14.69% | 0.39x | 1.15x | RM-34.95 Million |
Industry Comparison
This section compares MI Technovation Bhd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $327,338,733
- Average return on equity (ROE) among peers: 13.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MI Technovation Bhd (5286) | RM1.08 Billion | 67.17% | 0.18x | $194.63 Million |
| Elsoft Research Bhd (0090) | $138.93 Million | 30.93% | 0.09x | $11.77 Million |
| ViTrox Corporation Bhd (0097) | $1.13 Billion | 11.75% | 0.36x | $604.35 Million |
| MMS Ventures Bhd (0113) | $61.33 Million | 12.36% | 0.13x | $4.05 Million |
| VisDynamics Holdings Bhd (0120) | $44.26 Million | 11.45% | 0.22x | $4.90 Million |
| JF Technology BHD (0146) | $134.18 Million | 2.65% | 0.13x | $32.65 Million |
| Inari Amertron Bhd (0166) | $1.38 Billion | 23.99% | 0.32x | $917.68 Million |
| Aemulus Holdings Bhd (0181) | $112.61 Million | 9.28% | 0.41x | $16.03 Million |
| TT Vision Holdings Berhad (0272) | $52.98 Million | 15.74% | 0.53x | $3.97 Million |
| Turiya Bhd (4359) | $122.62 Million | -2.15% | 0.44x | $2.05 Million |
| FoundPac Group Bhd (5277) | $96.01 Million | 16.73% | 0.12x | $15.24 Million |