MST GOLF GROUP BERHAD (5316) - Net Assets
Based on the latest financial reports, MST GOLF GROUP BERHAD (5316) has net assets worth RM245.63 Million MYR (≈ $61.67 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM409.10 Million ≈ $102.71 Million USD) and total liabilities (RM163.47 Million ≈ $41.04 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 5316 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM245.63 Million |
| % of Total Assets | 60.04% |
| Annual Growth Rate | 88.52% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 61.63 |
MST GOLF GROUP BERHAD - Net Assets Trend (2020–2023)
This chart illustrates how MST GOLF GROUP BERHAD's net assets have evolved over time, based on quarterly financial data. Also explore how large is MST GOLF GROUP BERHAD's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for MST GOLF GROUP BERHAD (2020–2023)
The table below shows the annual net assets of MST GOLF GROUP BERHAD from 2020 to 2023. For live valuation and market cap data, see market cap of MST GOLF GROUP BERHAD.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | RM255.58 Million ≈ $64.17 Million |
+167.30% |
| 2022-12-31 | RM95.62 Million ≈ $24.01 Million |
+112.11% |
| 2021-12-31 | RM45.08 Million ≈ $11.32 Million |
+18.03% |
| 2020-12-31 | RM38.19 Million ≈ $9.59 Million |
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Equity Component Analysis
This analysis shows how different components contribute to MST GOLF GROUP BERHAD'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 110.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM66.18 Million | 27.86% |
| Other Components | RM171.34 Million | 72.14% |
| Total Equity | RM237.52 Million | 100.00% |
MST GOLF GROUP BERHAD Competitors by Market Cap
The table below lists competitors of MST GOLF GROUP BERHAD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
I Yuan Precision Ind Co Ltd
TWO:2235
|
$34.02 Million |
|
Buyung Poetra Sembada Tbk PT
JK:HOKI
|
$34.02 Million |
|
DNA Biomed Solns
TA:DNA
|
$34.04 Million |
|
DOREL INDS INC. B
F:DO4B
|
$34.05 Million |
|
Synel M.L.L Payway Ltd
TA:SNEL
|
$33.99 Million |
|
Pan Brothers Tbk
JK:PBRX
|
$33.99 Million |
|
First Graphene Ltd
F:M11
|
$33.98 Million |
|
SWISS PROPERTIES INV.100
F:SR1
|
$33.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MST GOLF GROUP BERHAD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 95,616,000 to 237,520,000, a change of 141,904,000 (148.4%).
- Net income of 17,631,000 contributed positively to equity growth.
- Dividend payments of 12,500,000 reduced retained earnings.
- New share issuances of 129,600,000 increased equity.
- Other factors increased equity by 7,173,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM17.63 Million | +7.42% |
| Dividends Paid | RM12.50 Million | -5.26% |
| Share Issuances | RM129.60 Million | +54.56% |
| Other Changes | RM7.17 Million | +3.02% |
| Total Change | RM- | 148.41% |
Book Value vs Market Value Analysis
This analysis compares MST GOLF GROUP BERHAD'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: 0.57x
- 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 4.16x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | RM0.04 | RM0.17 | x |
| 2021-12-31 | RM0.05 | RM0.17 | x |
| 2022-12-31 | RM0.12 | RM0.17 | x |
| 2023-12-31 | RM0.29 | RM0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MST GOLF GROUP BERHAD 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): 7.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.42%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.74x
- Recent ROE (7.42%) is below the historical average (30.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 39.57% | 7.57% | 1.15x | 4.56x | RM9.62 Million |
| 2021 | 48.24% | 8.72% | 1.16x | 4.76x | RM14.28 Million |
| 2022 | 27.87% | 8.86% | 1.16x | 2.71x | RM17.09 Million |
| 2023 | 7.42% | 5.42% | 0.79x | 1.74x | RM-6.12 Million |
Industry Comparison
This section compares MST GOLF GROUP BERHAD's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $176,784,217
- Average return on equity (ROE) among peers: 17.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MST GOLF GROUP BERHAD (5316) | RM245.63 Million | 39.57% | 0.67x | $34.01 Million |
| Kim Hin Joo (0210) | $68.01 Million | -6.54% | 0.35x | $10.02 Million |
| SSF Home Group Berhad (0287) | $97.65 Million | 17.03% | 0.53x | $77.33 Million |
| myNEWS Holdings Bhd (5275) | $280.70 Million | 9.44% | 0.21x | $90.43 Million |
| Innature Bhd (5295) | $148.68 Million | 14.35% | 0.23x | $33.67 Million |
| Senheng New Retail Bhd (5305) | $233.66 Million | 27.93% | 2.01x | $65.91 Million |
| Amway (Malaysia) Holdings Bhd (6351) | $232.00 Million | 43.10% | 0.56x | $198.10 Million |
About MST GOLF GROUP BERHAD
MST Golf Group Berhad, an investment holding company, engages in the retail and wholesale of golf equipment in Malaysia, Singapore, Indonesia, Thailand, Vietnam, and internationally. It operates through three segments: Trading, Golf Services, and Others. The company offers accessories and apparels, golf event management, and golf related services, as well as operates golf clubs, golf driving rang… Read more