Minho M Bhd (5576) - Net Assets
Based on the latest financial reports, Minho M Bhd (5576) has net assets worth RM405.98 Million MYR (≈ $101.93 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM515.24 Million ≈ $129.36 Million USD) and total liabilities (RM109.26 Million ≈ $27.43 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 Minho M Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM405.98 Million |
| % of Total Assets | 78.79% |
| Annual Growth Rate | 1.7% |
| 5-Year Change | 4.7% |
| 10-Year Change | 15.92% |
| Growth Volatility | 2.63 |
Minho M Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Minho M Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 5576 total assets for the complete picture of this company's asset base.
Annual Net Assets for Minho M Bhd (2012–2025)
The table below shows the annual net assets of Minho M Bhd from 2012 to 2025. For live valuation and market cap data, see Minho M Bhd (5576) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM405.98 Million ≈ $101.93 Million |
+0.66% |
| 2024-12-31 | RM403.30 Million ≈ $101.26 Million |
+0.65% |
| 2023-12-31 | RM400.70 Million ≈ $100.60 Million |
+1.38% |
| 2022-12-31 | RM395.24 Million ≈ $99.23 Million |
+1.93% |
| 2021-12-31 | RM387.76 Million ≈ $97.35 Million |
+3.44% |
| 2020-12-31 | RM374.87 Million ≈ $94.12 Million |
+0.84% |
| 2019-12-31 | RM371.76 Million ≈ $93.34 Million |
-0.40% |
| 2018-12-31 | RM373.27 Million ≈ $93.72 Million |
+3.57% |
| 2017-12-31 | RM360.40 Million ≈ $90.48 Million |
+2.90% |
| 2016-12-31 | RM350.24 Million ≈ $87.93 Million |
-5.09% |
| 2015-12-31 | RM369.00 Million ≈ $92.64 Million |
+5.43% |
| 2014-12-31 | RM350.00 Million ≈ $87.87 Million |
+1.74% |
| 2013-12-31 | RM344.00 Million ≈ $86.37 Million |
+5.52% |
| 2012-12-31 | RM326.00 Million ≈ $81.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Minho M 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 1325.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM199.61 Million | 49.17% |
| Common Stock | RM206.37 Million | 50.83% |
| Total Equity | RM405.98 Million | 100.00% |
Minho M Bhd Competitors by Market Cap
The table below lists competitors of Minho M Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ChemX Materials Ltd
AU:CMX
|
$23.74 Million |
|
KBC Global Limited
NSE:KBCGLOBAL
|
$23.75 Million |
|
WOLFTANK-ADISA HLDG O.N.
F:WAH
|
$23.75 Million |
|
Ion Video Ltd
AU:IOV
|
$23.76 Million |
|
Lefroy Exploration Ltd
AU:LEX
|
$23.73 Million |
|
PermRock Royalty Trust
NYSE:PRT
|
$23.72 Million |
|
Altech Chemicals Ltd
F:A3Y
|
$23.71 Million |
|
YOC AG
F:YOC
|
$23.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Minho M Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 403,301,000 to 405,976,000, a change of 2,675,000 (0.7%).
- Net income of 5,709,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM5.71 Million | +1.41% |
| Other Changes | RM-3.03 Million | -0.75% |
| Total Change | RM- | 0.66% |
Book Value vs Market Value Analysis
This analysis compares Minho M 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: 0.23x
- 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 | RM1.03 | RM0.27 | x |
| 2017-12-31 | RM1.06 | RM0.27 | x |
| 2018-12-31 | RM1.10 | RM0.27 | x |
| 2019-12-31 | RM1.09 | RM0.27 | x |
| 2020-12-31 | RM1.10 | RM0.27 | x |
| 2021-12-31 | RM1.09 | RM0.27 | x |
| 2022-12-31 | RM1.11 | RM0.27 | x |
| 2023-12-31 | RM1.12 | RM0.27 | x |
| 2024-12-31 | RM1.13 | RM0.27 | x |
| 2025-12-31 | RM1.14 | RM0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Minho M 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): 1.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.20%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.27x
- Recent ROE (1.41%) is below the historical average (2.25%), 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 | 5.04% | 6.07% | 0.60x | 1.38x | RM-16.73 Million |
| 2016 | 3.61% | 4.54% | 0.57x | 1.39x | RM-22.38 Million |
| 2017 | 3.35% | 4.21% | 0.60x | 1.32x | RM-23.98 Million |
| 2018 | 3.25% | 4.51% | 0.52x | 1.38x | RM-25.20 Million |
| 2019 | 0.65% | 0.93% | 0.51x | 1.37x | RM-34.77 Million |
| 2020 | 0.83% | 1.54% | 0.41x | 1.32x | RM-34.38 Million |
| 2021 | 1.99% | 3.47% | 0.45x | 1.27x | RM-31.07 Million |
| 2022 | 1.89% | 3.29% | 0.46x | 1.26x | RM-32.04 Million |
| 2023 | 1.36% | 2.82% | 0.37x | 1.29x | RM-34.61 Million |
| 2024 | 1.40% | 2.99% | 0.37x | 1.28x | RM-34.70 Million |
| 2025 | 1.41% | 3.20% | 0.35x | 1.27x | RM-34.89 Million |
Industry Comparison
This section compares Minho M Bhd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $209,239,048
- Average return on equity (ROE) among peers: -1.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Minho M Bhd (5576) | RM405.98 Million | 5.04% | 0.27x | $23.73 Million |
| Kanger International Bhd (0170) | $260.06 Million | -19.64% | 0.60x | $6.98 Million |
| Mieco Chipboard Bhd (5001) | $273.00 Million | 6.59% | 0.88x | $163.19 Million |
| NWP Holdings Bhd (5025) | $27.96 Million | -18.78% | 0.20x | $20.78 Million |
| Annum Bhd (5082) | $58.27 Million | -7.36% | 0.43x | $285.59K |
| HeveaBoard Bhd (5095) | $415.26 Million | -0.90% | 0.21x | $19.18 Million |
| Focus Lumber Bhd (5197) | $190.55 Million | 14.52% | 0.04x | $11.52 Million |
| Golden Pharos Bhd (5649) | $90.10 Million | 25.83% | 0.49x | $8.48 Million |
| Subur Tiasa Holdings Bhd (6904) | $535.78 Million | -4.68% | 1.65x | $34.30 Million |
| Woodlandor Holdings Bhd (7025) | $32.18 Million | -9.03% | 0.27x | $6.13 Million |
About Minho M Bhd
Minho (M) Berhad, an investment holding company, manufactures and sells timber products in Malaysia. The company operates through Timber Extraction, Timber Trading, Manufacturing, Service and Treatment, Property Development, and Others segments. The Timber Extraction segment is involved in the exploitation of forest concession and sale of timber logs. The Timber Trading segment sells processed sa… Read more