Fiamma Holdings Bhd
Fiamma Holdings Berhad engages in the distribution and servicing of electrical home appliances in Malaysia. It operates through three segments: Trading and Services, Property development, and Investment Holding and Property Investment. The company distributes and serves electrical home appliances and fittings, sanitaryware, kitchen and wardrobe system and built-in furniture, household products, b… Read more
Fiamma Holdings Bhd (6939) - Net Assets
Latest net assets as of September 2025: RM768.50 Million MYR
Based on the latest financial reports, Fiamma Holdings Bhd (6939) has net assets worth RM768.50 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 (RM918.42 Million) and total liabilities (RM149.92 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 | RM768.50 Million |
| % of Total Assets | 83.68% |
| Annual Growth Rate | 8.54% |
| 5-Year Change | 43.57% |
| 10-Year Change | 87.65% |
| Growth Volatility | 4.26 |
Fiamma Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Fiamma Holdings 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 Fiamma Holdings Bhd (2012–2024)
The table below shows the annual net assets of Fiamma Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | RM729.96 Million | +8.60% |
| 2023-09-30 | RM672.13 Million | +16.17% |
| 2022-09-30 | RM578.57 Million | +8.67% |
| 2021-09-30 | RM532.38 Million | +4.71% |
| 2020-09-30 | RM508.44 Million | +3.87% |
| 2019-09-30 | RM489.50 Million | +2.29% |
| 2018-09-30 | RM478.56 Million | +4.75% |
| 2017-09-30 | RM456.87 Million | +6.30% |
| 2016-09-30 | RM429.77 Million | +10.48% |
| 2015-09-30 | RM389.00 Million | +15.43% |
| 2014-09-30 | RM337.00 Million | +11.59% |
| 2013-09-30 | RM302.00 Million | +10.62% |
| 2012-09-30 | RM273.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fiamma Holdings 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 194.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM410.41 Million | 57.67% |
| Other Components | RM301.29 Million | 42.33% |
| Total Equity | RM711.69 Million | 100.00% |
Fiamma Holdings Bhd Competitors by Market Cap
The table below lists competitors of Fiamma Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SysJust Co., Ltd.
TWO:3158
|
$48.00 Million |
|
GBMCF
OTCQB:GBMCF
|
$48.00 Million |
|
Shindaeyang Pa
KO:016590
|
$48.01 Million |
|
Seoho Electric Co.Ltd
KQ:065710
|
$48.02 Million |
|
Independent Bond ESG
CO:IIVBONDESG
|
$47.96 Million |
|
LOGISTRI FASTIGHETS AB
F:6DV
|
$47.96 Million |
|
Samindo Resources Tbk
JK:MYOH
|
$47.96 Million |
|
AOI Electronics Co. Ltd
MU:OIA
|
$47.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fiamma Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 672,131,000 to 711,694,000, a change of 39,563,000 (5.9%).
- Net income of 39,817,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM39.82 Million | +5.59% |
| Other Changes | RM-254.00K | -0.04% |
| Total Change | RM- | 5.89% |
Book Value vs Market Value Analysis
This analysis compares Fiamma Holdings 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: 0.78x
- 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 1.27x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-09-30 | RM0.82 | RM1.05 | x |
| 2017-09-30 | RM0.90 | RM1.05 | x |
| 2018-09-30 | RM0.95 | RM1.05 | x |
| 2019-09-30 | RM0.99 | RM1.05 | x |
| 2020-09-30 | RM1.04 | RM1.05 | x |
| 2021-09-30 | RM1.08 | RM1.05 | x |
| 2022-09-30 | RM1.14 | RM1.05 | x |
| 2023-09-30 | RM1.27 | RM1.05 | x |
| 2024-09-30 | RM1.34 | RM1.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fiamma Holdings 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): 5.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.62%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.42x
- Recent ROE (5.59%) is below the historical average (6.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.40% | 8.18% | 0.41x | 1.63x | RM-19.76 Million |
| 2017 | 4.93% | 7.13% | 0.43x | 1.61x | RM-23.18 Million |
| 2018 | 6.74% | 9.52% | 0.42x | 1.67x | RM-15.61 Million |
| 2019 | 5.66% | 8.21% | 0.42x | 1.65x | RM-21.23 Million |
| 2020 | 6.92% | 9.30% | 0.45x | 1.65x | RM-15.65 Million |
| 2021 | 6.48% | 10.21% | 0.44x | 1.45x | RM-18.74 Million |
| 2022 | 6.37% | 9.96% | 0.46x | 1.40x | RM-21.01 Million |
| 2023 | 10.81% | 14.95% | 0.53x | 1.36x | RM5.45 Million |
| 2024 | 5.59% | 10.62% | 0.37x | 1.42x | RM-31.35 Million |
Industry Comparison
This section compares Fiamma Holdings Bhd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $252,688,499
- Average return on equity (ROE) among peers: 16.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fiamma Holdings Bhd (6939) | RM768.50 Million | 5.40% | 0.20x | $48.00 Million |
| Wegmans Holdings Berhad (0197) | $72.96 Million | 17.10% | 0.67x | $1.67 Million |
| Spring Art Holdings Bhd (0216) | $93.77 Million | 9.85% | 0.25x | $2.92 Million |
| Mobilia Holdings Bhd (0229) | $32.23 Million | 26.85% | 1.30x | $2.54 Million |
| Synergy House Berhad (0279) | $34.35 Million | 41.88% | 2.25x | $4.11 Million |
| Topmix Berhad (0302) | $21.57 Million | 20.48% | 1.42x | $8.71 Million |
| Sorento Capital Berhad (0326) | $143.13 Million | 18.33% | 0.37x | $1.42K |
| FACB Industries Incorporated (2984) | $217.85 Million | 0.55% | 0.10x | $7.48 Million |
| Panasonic Manufacture Malaysia (3719) | $718.00 Million | 13.93% | 0.26x | $43.73 Million |
| Evergreen Fibreboard Bhd (5101) | $1.04 Billion | 3.31% | 0.37x | $10.40 Million |
| Homeritz Corporation Bhd (5160) | $155.54 Million | 14.22% | 0.13x | $9.76 Million |