PNE PCB Bhd
PNE PCB Berhad, an investment holding company, manufactures and sells printed circuit boards in Malaysia, Hong Kong, Japan, Korea, Vietnam, and the People's Republic of China. The company offers single-sided, double-sided, silver through-hole and carbon, double-sided non-plated through hole, carbon, and STH and cupth printed circuit boards. It is also involved in manufacturing, sales, and distrib… Read more
PNE PCB Bhd (6637) - Net Assets
Latest net assets as of September 2025: RM46.57 Million MYR
Based on the latest financial reports, PNE PCB Bhd (6637) has net assets worth RM46.57 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM85.67 Million) and total liabilities (RM39.10 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 | RM46.57 Million |
| % of Total Assets | 54.36% |
| Annual Growth Rate | -2.3% |
| 5-Year Change | -39.27% |
| 10-Year Change | -30.71% |
| Growth Volatility | 17.43 |
PNE PCB Bhd - Net Assets Trend (2012–2025)
This chart illustrates how PNE PCB 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 PNE PCB Bhd (2012–2025)
The table below shows the annual net assets of PNE PCB Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | RM46.57 Million | +7.31% |
| 2024-09-30 | RM43.40 Million | -12.43% |
| 2023-09-30 | RM49.56 Million | -23.39% |
| 2022-09-30 | RM64.69 Million | -15.64% |
| 2021-09-30 | RM76.68 Million | -10.65% |
| 2020-09-30 | RM85.82 Million | +50.13% |
| 2019-09-30 | RM57.16 Million | -10.45% |
| 2018-09-30 | RM63.83 Million | -4.57% |
| 2017-09-30 | RM66.89 Million | -0.47% |
| 2016-09-30 | RM67.21 Million | +0.31% |
| 2015-09-30 | RM67.00 Million | +13.56% |
| 2014-09-30 | RM59.00 Million | -3.28% |
| 2013-09-30 | RM61.00 Million | -3.17% |
| 2012-09-30 | RM63.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PNE PCB 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 decreased by 162.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM72.17 Million | 154.96% |
| Total Equity | RM46.57 Million | 100.00% |
PNE PCB Bhd Competitors by Market Cap
The table below lists competitors of PNE PCB Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wah Fu Education Group Ltd
NASDAQ:WAFU
|
$2.21 Million |
|
Morixe Hermanos S.A. 5 Votes
BA:MORI5
|
$2.21 Million |
|
Jaya Trishindo Tbk PT
JK:HELI
|
$2.21 Million |
|
Resource Development Group Ltd
AU:RDG
|
$2.21 Million |
|
Cemacon Zalau
RO:CEON
|
$2.21 Million |
|
TCS Group Holdings Bhd
KLSE:0221
|
$2.21 Million |
|
Kuke Music Holding Ltd
NYSE:KUKE
|
$2.21 Million |
|
U Power Limited Ordinary Shares
NASDAQ:UCAR
|
$2.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PNE PCB Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 43,398,000 to 46,568,970, a change of 3,170,970 (7.3%).
- Net loss of 675,680 reduced equity.
- Other factors increased equity by 3,846,650.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-675.68K | -1.45% |
| Other Changes | RM3.85 Million | +8.26% |
| Total Change | RM- | 7.31% |
Book Value vs Market Value Analysis
This analysis compares PNE PCB 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: 0.48x
- 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 increased from 0.16x to 0.48x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-09-30 | RM0.26 | RM0.04 | x |
| 2017-09-30 | RM0.25 | RM0.04 | x |
| 2018-09-30 | RM0.24 | RM0.04 | x |
| 2019-09-30 | RM0.22 | RM0.04 | x |
| 2020-09-30 | RM0.20 | RM0.04 | x |
| 2021-09-30 | RM0.14 | RM0.04 | x |
| 2022-09-30 | RM0.12 | RM0.04 | x |
| 2023-09-30 | RM0.09 | RM0.04 | x |
| 2024-09-30 | RM0.08 | RM0.04 | x |
| 2025-09-30 | RM0.08 | RM0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PNE PCB 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): -1.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.78%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.84x
- Recent ROE (-1.45%) is above the historical average (-10.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.75% | 3.37% | 0.97x | 1.46x | RM-3.53 Million |
| 2017 | 5.43% | 2.55% | 1.49x | 1.43x | RM-3.06 Million |
| 2018 | -8.49% | -6.12% | 1.01x | 1.38x | RM-11.80 Million |
| 2019 | -14.23% | -12.49% | 0.77x | 1.47x | RM-13.85 Million |
| 2020 | -5.64% | -6.05% | 0.65x | 1.43x | RM-13.42 Million |
| 2021 | -26.94% | -24.17% | 0.77x | 1.45x | RM-28.33 Million |
| 2022 | -19.48% | -15.44% | 0.89x | 1.42x | RM-19.07 Million |
| 2023 | -32.04% | -26.90% | 0.64x | 1.85x | RM-20.84 Million |
| 2024 | -9.30% | -6.56% | 0.72x | 1.96x | RM-8.38 Million |
| 2025 | -1.45% | -0.78% | 1.01x | 1.84x | RM-5.33 Million |
Industry Comparison
This section compares PNE PCB Bhd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $268,539,660
- Average return on equity (ROE) among peers: 9.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PNE PCB Bhd (6637) | RM46.57 Million | 4.75% | 0.84x | $2.21 Million |
| Scope Industries Bhd (0028) | $161.97 Million | -22.56% | 0.12x | $9.06 Million |
| Notion Vtec Bhd (0083) | $415.95 Million | -1.88% | 0.33x | $27.81 Million |
| K-One Technology Bhd (0111) | $107.39 Million | 5.27% | 0.14x | $12.36 Million |
| JHM Consolidation Bhd (0127) | $124.25 Million | 23.86% | 0.46x | $20.36 Million |
| NationGate Holdings Berhad (0270) | $229.05 Million | 37.23% | 2.33x | $137.28 Million |
| Northeast Group Berhad (0325) | $126.38 Million | 30.12% | 0.36x | $25.41 Million |
| GUH Holdings Bhd (3247) | $468.54 Million | -3.44% | 0.27x | $7.42 Million |
| Cape EMS Berhad (5311) | $455.16 Million | 9.75% | 0.70x | $36.05 Million |
| CPE Technology Berhad (5317) | $328.16 Million | 7.15% | 0.08x | $25.76 Million |