VS Industry Bhd
V.S. Industry Berhad, an investment holding company, engages in the manufacturing, assembling and selling electronic and electrical products, and plastic molded components and parts. It offers electronics manufacturing services for office and household electrical and electronic products. Its manufacturing solutions include product design services; mold design and fabrication services; PCBA, elect… Read more
VS Industry Bhd (6963) - Net Assets
Latest net assets as of October 2025: RM2.16 Billion MYR
Based on the latest financial reports, VS Industry Bhd (6963) has net assets worth RM2.16 Billion MYR as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.61 Billion) and total liabilities (RM1.45 Billion). 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 | RM2.16 Billion |
| % of Total Assets | 59.86% |
| Annual Growth Rate | 11.62% |
| 5-Year Change | -2.98% |
| 10-Year Change | 101.84% |
| Growth Volatility | 15.39 |
VS Industry Bhd - Net Assets Trend (2006–2025)
This chart illustrates how VS Industry 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 VS Industry Bhd (2006–2025)
The table below shows the annual net assets of VS Industry Bhd from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | RM2.15 Billion | -6.16% |
| 2024-07-31 | RM2.29 Billion | +0.61% |
| 2023-07-31 | RM2.28 Billion | -3.48% |
| 2022-07-31 | RM2.36 Billion | +6.47% |
| 2021-07-31 | RM2.22 Billion | +18.17% |
| 2020-07-31 | RM1.88 Billion | +5.16% |
| 2019-07-31 | RM1.78 Billion | +8.54% |
| 2018-07-31 | RM1.64 Billion | +28.65% |
| 2017-07-31 | RM1.28 Billion | +19.90% |
| 2016-07-31 | RM1.07 Billion | +8.81% |
| 2015-07-31 | RM979.62 Million | +52.83% |
| 2014-07-31 | RM640.99 Million | +7.39% |
| 2013-07-31 | RM596.87 Million | +46.32% |
| 2012-07-31 | RM407.92 Million | +1.22% |
| 2011-07-31 | RM403.00 Million | +2.33% |
| 2010-07-31 | RM393.83 Million | +4.76% |
| 2009-07-31 | RM375.93 Million | +0.83% |
| 2008-07-31 | RM372.83 Million | +18.39% |
| 2007-07-31 | RM314.92 Million | +18.17% |
| 2006-07-31 | RM266.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VS Industry 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 126171900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.26 Billion | 58.60% |
| Common Stock | RM946.34 Million | 43.95% |
| Total Equity | RM2.15 Billion | 100.00% |
VS Industry Bhd Competitors by Market Cap
The table below lists competitors of VS Industry Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Churchill Capital Corp IX
NASDAQ:CCIX
|
$199.55 Million |
|
Linklogis Inc.
PINK:LNKLF
|
$199.68 Million |
|
Fanli Digital Technology Co Ltd
SHG:600228
|
$199.70 Million |
|
Soyea Technology Co Ltd
SHE:000909
|
$199.78 Million |
|
Gannett Co Inc
NYSE:GCI
|
$199.39 Million |
|
Guangdong Jinming Machinery Co Ltd
SHE:300281
|
$199.34 Million |
|
ENDOMINES FINLAND OYJ EO1
F:H13
|
$199.33 Million |
|
Unico Silver Ltd
AU:USL
|
$199.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VS Industry Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,293,072,000 to 2,153,112,000, a change of -139,960,000 (-6.1%).
- Net income of 36,706,000 contributed positively to equity growth.
- Dividend payments of 77,332,000 reduced retained earnings.
- Share repurchases of 38,257,000 reduced equity.
- New share issuances of 18,814,000 increased equity.
- Other factors decreased equity by 79,891,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM36.71 Million | +1.7% |
| Dividends Paid | RM77.33 Million | -3.59% |
| Share Repurchases | RM38.26 Million | -1.78% |
| Share Issuances | RM18.81 Million | +0.87% |
| Other Changes | RM-79.89 Million | -3.71% |
| Total Change | RM- | -6.10% |
Book Value vs Market Value Analysis
This analysis compares VS Industry 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: 0.54x
- 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 2.59x to 0.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-07-31 | RM0.12 | RM0.30 | x |
| 2007-07-31 | RM0.13 | RM0.30 | x |
| 2008-07-31 | RM0.16 | RM0.30 | x |
| 2009-07-31 | RM0.16 | RM0.30 | x |
| 2010-07-31 | RM0.17 | RM0.30 | x |
| 2011-07-31 | RM0.17 | RM0.30 | x |
| 2012-07-31 | RM0.18 | RM0.30 | x |
| 2013-07-31 | RM0.21 | RM0.30 | x |
| 2014-07-31 | RM0.23 | RM0.30 | x |
| 2015-07-31 | RM0.29 | RM0.30 | x |
| 2016-07-31 | RM0.29 | RM0.30 | x |
| 2017-07-31 | RM0.33 | RM0.30 | x |
| 2018-07-31 | RM0.40 | RM0.30 | x |
| 2019-07-31 | RM0.45 | RM0.30 | x |
| 2020-07-31 | RM0.45 | RM0.30 | x |
| 2021-07-31 | RM0.54 | RM0.30 | x |
| 2022-07-31 | RM0.56 | RM0.30 | x |
| 2023-07-31 | RM0.56 | RM0.30 | x |
| 2024-07-31 | RM0.60 | RM0.30 | x |
| 2025-07-31 | RM0.56 | RM0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VS Industry 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): 1.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.97%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.74x
- Recent ROE (1.70%) is below the historical average (10.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 12.66% | 4.78% | 1.15x | 2.30x | RM6.81 Million |
| 2007 | 23.81% | 6.60% | 1.45x | 2.49x | RM41.12 Million |
| 2008 | 17.86% | 6.12% | 1.33x | 2.19x | RM27.91 Million |
| 2009 | 1.46% | 0.72% | 1.02x | 1.99x | RM-30.56 Million |
| 2010 | 6.48% | 3.04% | 1.06x | 2.01x | RM-13.17 Million |
| 2011 | 7.12% | 2.70% | 1.33x | 1.98x | RM-11.22 Million |
| 2012 | 9.48% | 3.21% | 1.41x | 2.09x | RM-2.13 Million |
| 2013 | 9.15% | 3.77% | 0.83x | 2.93x | RM-4.05 Million |
| 2014 | 10.19% | 3.13% | 1.11x | 2.95x | RM1.02 Million |
| 2015 | 17.08% | 6.85% | 1.04x | 2.39x | RM55.04 Million |
| 2016 | 13.40% | 5.42% | 1.10x | 2.26x | RM29.94 Million |
| 2017 | 14.78% | 4.76% | 1.13x | 2.74x | RM50.56 Million |
| 2018 | 10.59% | 3.69% | 1.32x | 2.18x | RM8.45 Million |
| 2019 | 7.44% | 3.00% | 1.31x | 1.89x | RM-41.17 Million |
| 2020 | 6.82% | 3.59% | 1.14x | 1.66x | RM-54.42 Million |
| 2021 | 12.02% | 6.13% | 1.11x | 1.76x | RM41.30 Million |
| 2022 | 7.80% | 4.36% | 0.98x | 1.82x | RM-48.27 Million |
| 2023 | 8.33% | 3.88% | 1.14x | 1.88x | RM-35.93 Million |
| 2024 | 10.73% | 5.79% | 1.04x | 1.78x | RM16.71 Million |
| 2025 | 1.70% | 0.97% | 1.01x | 1.74x | RM-178.61 Million |
Industry Comparison
This section compares VS Industry Bhd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $246,641,466
- Average return on equity (ROE) among peers: 5.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VS Industry Bhd (6963) | RM2.16 Billion | 12.66% | 0.67x | $199.39 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 |
| PNE PCB Bhd (6637) | $49.56 Million | -32.04% | 0.85x | $2.21 Million |