Fiamma Holdings Bhd Net Assets
Fiamma Holdings Bhd net assets. Based on the latest financial reports, Fiamma Holdings Bhd (6939) has net assets worth RM816.63 Million MYR (≈ $205.03 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.04 Billion ≈ $261.00 Million USD) and total liabilities (RM222.94 Million ≈ $55.97 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. See 6939 equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM816.63 Million |
| % of Total Assets | 78.55% |
| Annual Growth Rate | 8.41% |
| 5-Year Change | 46.41% |
| 10-Year Change | 81.36% |
| Growth Volatility | 4.12 |
Net Assets of Fiamma Holdings Bhd (2012–2025)
Net assets of Fiamma Holdings Bhd from 2012 to 2025. This chart illustrates how Fiamma Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore net asset growth rate of Fiamma Holdings Bhd to track the company's year-over-year net asset growth rate.
Annual Net Assets for Fiamma Holdings Bhd (2012–2025)
The table below shows the annual net assets of Fiamma Holdings Bhd from 2012 to 2025. For live market cap and overall valuation, see Fiamma Holdings Bhd (6939) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | RM779.45 Million ≈ $195.70 Million |
+6.78% |
| 2024-09-30 | RM729.96 Million ≈ $183.27 Million |
+8.60% |
| 2023-09-30 | RM672.13 Million ≈ $168.75 Million |
+16.17% |
| 2022-09-30 | RM578.57 Million ≈ $145.26 Million |
+8.67% |
| 2021-09-30 | RM532.38 Million ≈ $133.66 Million |
+4.71% |
| 2020-09-30 | RM508.44 Million ≈ $127.65 Million |
+3.87% |
| 2019-09-30 | RM489.50 Million ≈ $122.90 Million |
+2.29% |
| 2018-09-30 | RM478.56 Million ≈ $120.15 Million |
+4.75% |
| 2017-09-30 | RM456.87 Million ≈ $114.71 Million |
+6.30% |
| 2016-09-30 | RM429.77 Million ≈ $107.90 Million |
+10.48% |
| 2015-09-30 | RM389.00 Million ≈ $97.67 Million |
+15.43% |
| 2014-09-30 | RM337.00 Million ≈ $84.61 Million |
+11.59% |
| 2013-09-30 | RM302.00 Million ≈ $75.82 Million |
+10.62% |
| 2012-09-30 | RM273.00 Million ≈ $68.54 Million |
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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 241.6% over the analyzed period, indicating profitable operations and earnings retention.
Fiamma Holdings Bhd Net Assets Breakdown (September 2025)
Fiamma Holdings Bhd net assets breakdown by equity component as of September 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM476.39 Million | 61.18% |
| Other Components | RM302.25 Million | 38.82% |
| Total Equity | RM778.64 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 |
|---|---|
|
Gatekeeper Systems Inc
V:GSI
|
$135.82 Million |
|
Prime Office A/S
CO:PRIMOF
|
$135.85 Million |
|
Golden Long Teng Development Co Ltd
TWO:3188
|
$135.88 Million |
|
Gozde Girisim Sermayesi Yatirim Ortakligi AS
IS:GOZDE
|
$135.90 Million |
|
Global Lighting Technologies Inc
TW:4935
|
$135.80 Million |
|
UNIBEP S.A.
WAR:UNI
|
$135.75 Million |
|
NeoVolta Inc. Common Stock
NASDAQ:NEOV
|
$135.73 Million |
|
Benchmark Holdings Plc
LSE:BMK
|
$135.69 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 2024 to 2025, total equity changed from 711,694,000 to 778,641,000, a change of 66,947,000 (9.4%).
- Net income of 64,889,000 contributed positively to equity growth.
- Share repurchases of 45,000 reduced equity.
- New share issuances of 45,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM64.89 Million | +8.33% |
| Share Repurchases | RM45.00K | -0.01% |
| Share Issuances | RM45.00K | +0.01% |
| Other Changes | RM2.06 Million | +0.26% |
| Total Change | RM- | 9.41% |
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: 0.69x
- 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 1.24x to 0.69x 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 | RM1.02 | x |
| 2017-09-30 | RM0.90 | RM1.02 | x |
| 2018-09-30 | RM0.95 | RM1.02 | x |
| 2019-09-30 | RM0.99 | RM1.02 | x |
| 2020-09-30 | RM1.04 | RM1.02 | x |
| 2021-09-30 | RM1.08 | RM1.02 | x |
| 2022-09-30 | RM1.14 | RM1.02 | x |
| 2023-09-30 | RM1.27 | RM1.02 | x |
| 2024-09-30 | RM1.34 | RM1.02 | x |
| 2025-09-30 | RM1.47 | RM1.02 | 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): 8.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.02%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.24x
- Recent ROE (8.33%) is above the historical average (6.72%), indicating improving 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 |
| 2025 | 8.33% | 17.02% | 0.39x | 1.24x | RM-12.98 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: $235,839,041
- Average return on equity (ROE) among peers: 15.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fiamma Holdings Bhd (6939) | RM816.63 Million | 5.40% | 0.27x | $135.81 Million |
| Wegmans Holdings Berhad (0197) | $78.40 Million | 10.13% | 0.52x | $15.05 Million |
| Spring Art Holdings Bhd (0216) | $86.60 Million | 6.34% | 0.32x | $8.87 Million |
| Mobilia Holdings Bhd (0229) | $19.91 Million | 31.45% | 0.86x | $15.60 Million |
| Ecomate Holdings Bhd (0239) | $44.66 Million | 3.29% | 0.54x | $155.51 Million |
| Synergy House Berhad (0279) | $20.19 Million | 59.96% | 3.30x | $21.97 Million |
| Topmix Berhad (0302) | $17.68 Million | 13.36% | 1.02x | $33.62 Million |
| FACB Industries Incorporated (2984) | $213.42 Million | 3.99% | 0.12x | $25.90 Million |
| Panasonic Manufacture Malaysia (3719) | $779.00 Million | 18.86% | 0.27x | $80.07 Million |
| Evergreen Fibreboard Bhd (5101) | $1.02 Billion | -10.06% | 0.42x | $22.27 Million |
| Homeritz Corporation Bhd (5160) | $77.00 Million | 19.48% | 0.18x | $42.62 Million |
About Fiamma Holdings Bhd
Fiamma Holdings Berhad engages in the distribution and servicing of electrical home appliances in Malaysia. The company operates through three segments: Trading and Services, Property development, and Investment Holding and Property Investment. It distributes and serves electrical home appliances and fittings, sanitaryware, kitchen and wardrobe system and built-in furniture, household products, b… Read more