MBM Resources Bhd
MBM Resources Berhad, an investment holding company, engages in motor trading and assembly, auto parts manufacturing, and other businesses primarily in Malaysia. The company markets and distributes motor vehicles and spare parts; and offers related ancillary services. It also manufactures and sells automotive parts and components, such as steel and alloy wheels, and discs; safety restraint produc… Read more
MBM Resources Bhd (5983) - Net Assets
Latest net assets as of September 2025: RM2.68 Billion MYR
Based on the latest financial reports, MBM Resources Bhd (5983) has net assets worth RM2.68 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 (RM2.86 Billion) and total liabilities (RM183.41 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 | RM2.68 Billion |
| % of Total Assets | 93.59% |
| Annual Growth Rate | 6.8% |
| 5-Year Change | 21.14% |
| 10-Year Change | 39.24% |
| Growth Volatility | 6.49 |
MBM Resources Bhd - Net Assets Trend (2006–2024)
This chart illustrates how MBM Resources 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 MBM Resources Bhd (2006–2024)
The table below shows the annual net assets of MBM Resources Bhd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM2.55 Billion | +4.99% |
| 2023-12-31 | RM2.43 Billion | +3.60% |
| 2022-12-31 | RM2.34 Billion | +7.01% |
| 2021-12-31 | RM2.19 Billion | +4.07% |
| 2020-12-31 | RM2.10 Billion | +4.48% |
| 2019-12-31 | RM2.01 Billion | +10.07% |
| 2018-12-31 | RM1.83 Billion | +9.74% |
| 2017-12-31 | RM1.67 Billion | -11.01% |
| 2016-12-31 | RM1.87 Billion | +2.36% |
| 2015-12-31 | RM1.83 Billion | +3.04% |
| 2014-12-31 | RM1.78 Billion | +0.57% |
| 2013-12-31 | RM1.77 Billion | +13.15% |
| 2012-12-31 | RM1.56 Billion | +19.20% |
| 2011-12-31 | RM1.31 Billion | +12.43% |
| 2010-12-31 | RM1.16 Billion | +12.96% |
| 2009-12-31 | RM1.03 Billion | +5.18% |
| 2008-12-31 | RM979.65 Million | +11.45% |
| 2007-12-31 | RM879.03 Million | +12.71% |
| 2006-12-31 | RM779.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MBM Resources 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 183458600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.83 Billion | 82.40% |
| Common Stock | RM391.65 Million | 17.59% |
| Other Components | RM263.00K | 0.01% |
| Total Equity | RM2.23 Billion | 100.00% |
MBM Resources Bhd Competitors by Market Cap
The table below lists competitors of MBM Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Tianan New Material
SHG:603725
|
$191.50 Million |
|
Guangzhou Pearl River Piano Group Co Ltd
SHE:002678
|
$191.51 Million |
|
Microvision Inc
NASDAQ:MVIS
|
$191.60 Million |
|
Groenlandsbanken AS
CO:GRLA
|
$191.62 Million |
|
TOYO Corporation
MU:TOY
|
$191.38 Million |
|
Jiangxi Hengda Hi-Tech Co Ltd
SHE:002591
|
$191.36 Million |
|
Gourmet Master Co Ltd
TW:2723
|
$191.36 Million |
|
Mdevice
KQ:226590
|
$191.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MBM Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,128,065,000 to 2,226,500,000, a change of 98,435,000 (4.6%).
- Net income of 332,990,000 contributed positively to equity growth.
- Dividend payments of 234,532,000 reduced retained earnings.
- Other comprehensive income decreased equity by 286,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM332.99 Million | +14.96% |
| Dividends Paid | RM234.53 Million | -10.53% |
| Other Comprehensive Income | RM-286.00K | -0.01% |
| Other Changes | RM263.00K | +0.01% |
| Total Change | RM- | 4.63% |
Book Value vs Market Value Analysis
This analysis compares MBM Resources 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: 0.87x
- 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 2.83x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM1.75 | RM4.96 | x |
| 2007-12-31 | RM2.00 | RM4.96 | x |
| 2008-12-31 | RM2.23 | RM4.96 | x |
| 2009-12-31 | RM2.38 | RM4.96 | x |
| 2010-12-31 | RM2.68 | RM4.96 | x |
| 2011-12-31 | RM3.16 | RM4.96 | x |
| 2012-12-31 | RM3.64 | RM4.96 | x |
| 2013-12-31 | RM3.61 | RM4.96 | x |
| 2014-12-31 | RM3.90 | RM4.96 | x |
| 2015-12-31 | RM4.00 | RM4.96 | x |
| 2016-12-31 | RM4.10 | RM4.96 | x |
| 2017-12-31 | RM3.70 | RM4.96 | x |
| 2018-12-31 | RM4.04 | RM4.96 | x |
| 2019-12-31 | RM4.47 | RM4.96 | x |
| 2020-12-31 | RM4.67 | RM4.96 | x |
| 2021-12-31 | RM4.91 | RM4.96 | x |
| 2022-12-31 | RM5.26 | RM4.96 | x |
| 2023-12-31 | RM5.44 | RM4.96 | x |
| 2024-12-31 | RM5.70 | RM4.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MBM Resources 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): 14.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.40%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.23x
- Recent ROE (14.96%) is above the historical average (9.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 13.93% | 8.14% | 1.19x | 1.44x | RM25.98 Million |
| 2007 | 14.56% | 10.22% | 1.09x | 1.31x | RM34.63 Million |
| 2008 | 13.80% | 10.16% | 1.07x | 1.27x | RM32.24 Million |
| 2009 | 7.44% | 5.64% | 1.02x | 1.29x | RM-22.90 Million |
| 2010 | 13.96% | 9.30% | 1.13x | 1.32x | RM40.31 Million |
| 2011 | 10.94% | 7.10% | 0.85x | 1.82x | RM10.45 Million |
| 2012 | 10.19% | 6.02% | 0.93x | 1.82x | RM2.55 Million |
| 2013 | 9.55% | 6.16% | 0.87x | 1.77x | RM-6.49 Million |
| 2014 | 7.37% | 6.33% | 0.73x | 1.60x | RM-40.01 Million |
| 2015 | 5.37% | 4.63% | 0.78x | 1.50x | RM-72.36 Million |
| 2016 | 4.11% | 3.96% | 0.70x | 1.48x | RM-94.51 Million |
| 2017 | -9.57% | -8.06% | 0.82x | 1.44x | RM-283.69 Million |
| 2018 | 10.56% | 8.66% | 0.91x | 1.33x | RM8.84 Million |
| 2019 | 12.79% | 10.74% | 0.95x | 1.25x | RM48.79 Million |
| 2020 | 8.71% | 8.87% | 0.79x | 1.24x | RM-23.61 Million |
| 2021 | 8.93% | 11.20% | 0.65x | 1.23x | RM-20.58 Million |
| 2022 | 13.65% | 12.15% | 0.91x | 1.23x | RM74.90 Million |
| 2023 | 15.56% | 13.71% | 0.93x | 1.22x | RM118.42 Million |
| 2024 | 14.96% | 13.40% | 0.91x | 1.23x | RM110.34 Million |
Industry Comparison
This section compares MBM Resources Bhd's net assets metrics with peer companies in the Auto & Truck Dealerships industry.
Industry Context
- Industry: Auto & Truck Dealerships
- Average net assets among peers: $2,174,298,507
- Average return on equity (ROE) among peers: 15.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MBM Resources Bhd (5983) | RM2.68 Billion | 13.93% | 0.07x | $191.44 Million |
| Oriental Holdings Bhd (4006) | $6.38 Billion | 6.03% | 0.50x | $300.55 Million |
| Bermaz Auto Bhd (5248) | $31.33 Million | 45.15% | 2.76x | $183.19 Million |
| Permaju Industries Bhd (7080) | $111.82 Million | -5.89% | 0.70x | $1.12 Million |