MCE Holdings Bhd
MCE Holdings Berhad, an investment holding company, designs, manufactures, and supplies automotive electronics and mechatronics parts in Malaysia. It operates through two segments, Automotive Parts and Healthcare Services. The company offers parking sensor and camera systems comprising sensor display units, computer assy and clearance warning, sensor ultrasonic, senor and ultrasonic flush type, a… Read more
MCE Holdings Bhd (7004) - Net Assets
Latest net assets as of October 2025: RM177.69 Million MYR
Based on the latest financial reports, MCE Holdings Bhd (7004) has net assets worth RM177.69 Million MYR as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM251.11 Million) and total liabilities (RM73.42 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 | RM177.69 Million |
| % of Total Assets | 70.76% |
| Annual Growth Rate | 7.07% |
| 5-Year Change | 110.6% |
| 10-Year Change | 81.6% |
| Growth Volatility | 14.53 |
MCE Holdings Bhd - Net Assets Trend (2012–2025)
This chart illustrates how MCE 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 MCE Holdings Bhd (2012–2025)
The table below shows the annual net assets of MCE Holdings Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | RM165.17 Million | +27.02% |
| 2024-07-31 | RM130.03 Million | +10.40% |
| 2023-07-31 | RM117.78 Million | +23.68% |
| 2022-07-31 | RM95.23 Million | +21.42% |
| 2021-07-31 | RM78.43 Million | +1.80% |
| 2020-07-31 | RM77.04 Million | -6.99% |
| 2019-07-31 | RM82.83 Million | -7.60% |
| 2018-07-31 | RM89.64 Million | -2.08% |
| 2017-07-31 | RM91.55 Million | +0.65% |
| 2016-07-31 | RM90.95 Million | -3.24% |
| 2015-07-31 | RM94.00 Million | -3.09% |
| 2014-07-31 | RM97.00 Million | +2.11% |
| 2013-07-31 | RM95.00 Million | +39.71% |
| 2012-07-31 | RM68.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MCE 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 71.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM79.62 Million | 48.20% |
| Common Stock | RM85.55 Million | 51.80% |
| Total Equity | RM165.17 Million | 100.00% |
MCE Holdings Bhd Competitors by Market Cap
The table below lists competitors of MCE Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tigaraksa Satria Tbk
JK:TGKA
|
$21.01 Million |
|
Shine Justice Ltd
AU:SHJ
|
$21.02 Million |
|
Enjoei S.A
SA:ENJU3
|
$21.02 Million |
|
Bayfirst Financial Corp
NASDAQ:BAFN
|
$21.02 Million |
|
Asia Green Energy Public Company Limited
BK:AGE
|
$21.00 Million |
|
Lagis Enterprise Co., Ltd.
TWO:6730
|
$21.00 Million |
|
EURODRY LTD. DL -01
F:0LQ
|
$20.99 Million |
|
myNEWS Holdings Bhd
KLSE:5275
|
$20.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MCE Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 130,032,070 to 165,172,000, a change of 35,139,930 (27.0%).
- Net income of 23,912,870 contributed positively to equity growth.
- Dividend payments of 10,238,550 reduced retained earnings.
- Share repurchases of 21,465,660 reduced equity.
- New share issuances of 21,465,658 increased equity.
- Other factors increased equity by 21,465,612.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM23.91 Million | +14.48% |
| Dividends Paid | RM10.24 Million | -6.2% |
| Share Repurchases | RM21.47 Million | -13.0% |
| Share Issuances | RM21.47 Million | +13.0% |
| Other Changes | RM21.47 Million | +13.0% |
| Total Change | RM- | 27.02% |
Book Value vs Market Value Analysis
This analysis compares MCE 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: 1.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.70x to 1.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-07-31 | RM2.05 | RM1.44 | x |
| 2017-07-31 | RM2.06 | RM1.44 | x |
| 2018-07-31 | RM2.02 | RM1.44 | x |
| 2019-07-31 | RM1.87 | RM1.44 | x |
| 2020-07-31 | RM1.74 | RM1.44 | x |
| 2021-07-31 | RM1.61 | RM1.44 | x |
| 2022-07-31 | RM1.70 | RM1.44 | x |
| 2023-07-31 | RM1.91 | RM1.44 | x |
| 2024-07-31 | RM1.05 | RM1.44 | x |
| 2025-07-31 | RM1.18 | RM1.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MCE 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): 14.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.67%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.48x
- Recent ROE (14.48%) is above the historical average (2.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -2.51% | -2.97% | 0.70x | 1.21x | RM-11.38 Million |
| 2017 | 1.37% | 1.56% | 0.76x | 1.14x | RM-7.90 Million |
| 2018 | -2.13% | -3.05% | 0.61x | 1.14x | RM-10.87 Million |
| 2019 | -8.22% | -9.84% | 0.63x | 1.32x | RM-15.09 Million |
| 2020 | -7.51% | -7.74% | 0.62x | 1.56x | RM-13.49 Million |
| 2021 | -1.06% | -0.98% | 0.71x | 1.51x | RM-8.68 Million |
| 2022 | 8.45% | 7.60% | 0.73x | 1.51x | RM-1.48 Million |
| 2023 | 13.07% | 9.94% | 0.96x | 1.37x | RM3.61 Million |
| 2024 | 12.27% | 10.25% | 0.81x | 1.47x | RM2.95 Million |
| 2025 | 14.48% | 15.67% | 0.62x | 1.48x | RM7.40 Million |
Industry Comparison
This section compares MCE Holdings Bhd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $236,290,207
- Average return on equity (ROE) among peers: 13.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MCE Holdings Bhd (7004) | RM177.69 Million | -2.51% | 0.41x | $21.01 Million |
| Eversafe Rubber Bhd (0190) | $65.06 Million | 4.25% | 0.76x | $1.20 Million |
| Betamek Bhd (0263) | $86.96 Million | 14.04% | 0.45x | $11.01 Million |
| KHPT Holdings Berhad (0322) | $28.09 Million | 31.32% | 1.02x | $2.10 Million |
| MSB Global Group Berhad (0350) | $38.18 Million | 49.46% | 0.54x | $3.62 Million |
| APM Automotive Holdings Bhd (5015) | $1.23 Billion | 3.18% | 0.34x | $36.74 Million |
| ABM Fujiya Bhd (5198) | $159.98 Million | 1.16% | 0.62x | $814.00K |
| Globaltec Formation Bhd (5220) | $370.00 Million | -10.00% | 0.35x | $23.80 Million |
| Solid Automotive Bhd (5242) | $141.56 Million | 1.00% | 0.66x | $5.00 Million |
| Pecca Group Bhd (5271) | $156.93 Million | 9.26% | 0.16x | $66.22 Million |
| Feytech Holdings Berhad (5322) | $85.48 Million | 32.28% | 0.71x | $13.02 Million |