MST GOLF GROUP BERHAD (5316) - Net Assets
Based on the latest financial reports, MST GOLF GROUP BERHAD (5316) has net assets worth RM232.35 Million MYR (≈ $58.33 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM348.69 Million ≈ $87.55 Million USD) and total liabilities (RM116.35 Million ≈ $29.21 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. Also explore 5316 total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM232.35 Million |
| % of Total Assets | 66.63% |
| Annual Growth Rate | 44.31% |
| 5-Year Change | 430.1% |
| 10-Year Change | N/A |
| Growth Volatility | 69.27 |
MST GOLF GROUP BERHAD - Net Assets Trend (2020–2025)
This chart illustrates how MST GOLF GROUP BERHAD's net assets have evolved over time, based on quarterly financial data. Check 5316 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for MST GOLF GROUP BERHAD (2020–2025)
The table below shows the annual net assets of MST GOLF GROUP BERHAD from 2020 to 2025. For live valuation and market cap data, see 5316 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM238.96 Million ≈ $60.00 Million |
-5.02% |
| 2024-12-31 | RM251.59 Million ≈ $63.17 Million |
-1.56% |
| 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 73.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM54.36 Million | 25.25% |
| Other Components | RM160.90 Million | 74.75% |
| Total Equity | RM215.26 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 |
|---|---|
|
KC Feed Co. Ltd
KQ:025880
|
$28.86 Million |
|
BIONXT SOLUTIONS INC.
F:BXT
|
$28.87 Million |
|
Barfresh Food Group Inc
NASDAQ:BRFH
|
$28.90 Million |
|
Ashley Services Group Ltd
AU:ASH
|
$28.91 Million |
|
Uvre Ltd
AU:UVA
|
$28.85 Million |
|
Softing AG
XETRA:SYT
|
$28.85 Million |
|
Zero to Seven Inc
KQ:159580
|
$28.84 Million |
|
Unlimited Travel Group UTG AB (publ)
ST:UTG
|
$28.84 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 2024 to 2025, total equity changed from 231,760,000 to 215,258,000, a change of -16,502,000 (-7.1%).
- Net loss of 9,523,000 reduced equity.
- Dividend payments of 2,052,000 reduced retained earnings.
- Other factors decreased equity by 4,927,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-9.52 Million | -4.42% |
| Dividends Paid | RM2.05 Million | -0.95% |
| Other Changes | RM-4.93 Million | -2.29% |
| Total Change | RM- | -7.12% |
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: 0.53x
- 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 3.53x to 0.53x 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 | RM0.14 | x |
| 2021-12-31 | RM0.05 | RM0.14 | x |
| 2022-12-31 | RM0.12 | RM0.14 | x |
| 2023-12-31 | RM0.29 | RM0.14 | x |
| 2024-12-31 | RM0.28 | RM0.14 | x |
| 2025-12-31 | RM0.26 | RM0.14 | 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): -4.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.19%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.58x
- Recent ROE (-4.42%) is below the historical average (20.21%), 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 |
| 2024 | 2.56% | 1.81% | 0.82x | 1.71x | RM-17.25 Million |
| 2025 | -4.42% | -3.19% | 0.88x | 1.58x | RM-31.05 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: $217,263,635
- Average return on equity (ROE) among peers: 14.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MST GOLF GROUP BERHAD (5316) | RM232.35 Million | 39.57% | 0.50x | $28.85 Million |
| Kim Hin Joo (0210) | $46.32 Million | 17.71% | 0.31x | $9.06 Million |
| SSF Home Group Berhad (0287) | $97.65 Million | 17.03% | 0.53x | $77.33 Million |
| myNEWS Holdings Bhd (5275) | $253.16 Million | 7.05% | 1.60x | $83.83 Million |
| Innature Bhd (5295) | $148.68 Million | 14.35% | 0.23x | $27.47 Million |
| Senheng New Retail Bhd (5305) | $543.70 Million | 4.60% | 0.66x | $48.96 Million |
| Amway (Malaysia) Holdings Bhd (6351) | $214.07 Million | 24.59% | 0.94x | $189.85 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, and Indonesia. 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 range, golf academy and events, and indo… Read more