Master Pack Group Bhd
Master-Pack Group Berhad, an investment holding company, manufactures, distributes, and sells corrugated cartons and wooden packaging materials in Malaysia, Vietnam, and internationally. The company offers sheet board, slotted type, telescope type, folder type, interior fitment, die-cut, and palletized shipping container products, as well as wooden pallet. It also provides other packaging materia… Read more
Master Pack Group Bhd (7029) - Net Assets
Latest net assets as of September 2025: RM170.73 Million MYR
Based on the latest financial reports, Master Pack Group Bhd (7029) has net assets worth RM170.73 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 (RM192.26 Million) and total liabilities (RM21.53 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 | RM170.73 Million |
| % of Total Assets | 88.8% |
| Annual Growth Rate | 10.99% |
| 5-Year Change | 54.06% |
| 10-Year Change | 153.18% |
| Growth Volatility | 5.86 |
Master Pack Group Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Master Pack Group 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 Master Pack Group Bhd (2012–2024)
The table below shows the annual net assets of Master Pack Group Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM174.69 Million | +3.18% |
| 2023-12-31 | RM169.30 Million | +18.18% |
| 2022-12-31 | RM143.25 Million | +13.34% |
| 2021-12-31 | RM126.39 Million | +11.46% |
| 2020-12-31 | RM113.39 Million | +7.15% |
| 2019-12-31 | RM105.82 Million | +16.11% |
| 2018-12-31 | RM91.14 Million | +20.74% |
| 2017-12-31 | RM75.49 Million | +4.75% |
| 2016-12-31 | RM72.06 Million | +4.44% |
| 2015-12-31 | RM69.00 Million | +7.81% |
| 2014-12-31 | RM64.00 Million | +18.52% |
| 2013-12-31 | RM54.00 Million | +8.00% |
| 2012-12-31 | RM50.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Master Pack Group 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 1172.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM101.80 Million | 58.27% |
| Common Stock | RM55.34 Million | 31.68% |
| Other Components | RM17.56 Million | 10.05% |
| Total Equity | RM174.69 Million | 100.00% |
Master Pack Group Bhd Competitors by Market Cap
The table below lists competitors of Master Pack Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tissue Repair Ltd
AU:TRP
|
$3.28 Million |
|
Hiper Global Ltd
TA:HIPR
|
$3.28 Million |
|
TEMPUS RESOURCES LTD
F:4W0
|
$3.28 Million |
|
Carmat
PA:ALCAR
|
$3.28 Million |
|
SSH Group Ltd
AU:SSH
|
$3.27 Million |
|
Vyome Holdings, Inc.
NASDAQ:HIND
|
$3.27 Million |
|
IQ-AI Limited
PINK:IQAIF
|
$3.27 Million |
|
Beston Global Food Company Ltd
AU:BFC
|
$3.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Master Pack Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 169,302,000 to 174,693,000, a change of 5,391,000 (3.2%).
- Net income of 18,193,000 contributed positively to equity growth.
- Dividend payments of 7,647,000 reduced retained earnings.
- Other factors decreased equity by 5,155,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM18.19 Million | +10.41% |
| Dividends Paid | RM7.65 Million | -4.38% |
| Other Changes | RM-5.16 Million | -2.95% |
| Total Change | RM- | 3.18% |
Book Value vs Market Value Analysis
This analysis compares Master Pack Group 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: 0.51x
- 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 1.23x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.32 | RM1.62 | x |
| 2017-12-31 | RM1.38 | RM1.62 | x |
| 2018-12-31 | RM1.67 | RM1.62 | x |
| 2019-12-31 | RM1.94 | RM1.62 | x |
| 2020-12-31 | RM2.08 | RM1.62 | x |
| 2021-12-31 | RM2.31 | RM1.62 | x |
| 2022-12-31 | RM2.62 | RM1.62 | x |
| 2023-12-31 | RM3.10 | RM1.62 | x |
| 2024-12-31 | RM3.20 | RM1.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Master Pack Group 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): 10.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.74%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.18x
- Recent ROE (10.41%) is above the historical average (9.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 4.31% | 4.05% | 0.82x | 1.29x | RM-3.96 Million |
| 2016 | 4.26% | 3.72% | 0.88x | 1.30x | RM-4.14 Million |
| 2017 | 5.23% | 3.40% | 1.07x | 1.43x | RM-3.60 Million |
| 2018 | 6.32% | 3.95% | 1.10x | 1.46x | RM-3.36 Million |
| 2019 | 14.83% | 7.67% | 1.42x | 1.36x | RM5.11 Million |
| 2020 | 9.94% | 7.95% | 1.00x | 1.25x | RM-64.20K |
| 2021 | 11.44% | 9.39% | 0.97x | 1.25x | RM1.82 Million |
| 2022 | 15.24% | 13.57% | 0.95x | 1.19x | RM7.51 Million |
| 2023 | 14.54% | 14.78% | 0.84x | 1.18x | RM7.68 Million |
| 2024 | 10.41% | 11.74% | 0.75x | 1.18x | RM723.70K |
Industry Comparison
This section compares Master Pack Group Bhd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $179,974,635
- Average return on equity (ROE) among peers: 8.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Master Pack Group Bhd (7029) | RM170.73 Million | 4.31% | 0.13x | $3.28 Million |
| HPP Holdings Bhd (0228) | $67.39 Million | 12.22% | 0.57x | $4.91 Million |
| L&P Global Berhad (0268) | $27.88 Million | 35.34% | 1.06x | $2.89 Million |
| DS Sigma Holdings Berhad (0269) | $114.25 Million | 9.64% | 0.15x | $5.12 Million |
| Scientex Bhd (4731) | $450.80 Million | 13.38% | 0.50x | $472.96 Million |
| Versatile Creative Bhd (4995) | $99.00 Million | -2.02% | 0.48x | $14.13 Million |
| Ornapaper Bhd (5065) | $115.00 Million | 6.09% | 0.81x | $3.43 Million |
| BP Plastics Holding Bhd (5100) | $154.00 Million | 6.49% | 0.29x | $8.97 Million |
| Perusahaan Sadur Timah Malaysia Perstima Bhd (5436) | $441.46 Million | -6.48% | 1.12x | $52.74 Million |
| Box Pak (Malaysia) Bhd (6297) | $150.00 Million | 5.33% | 1.08x | $872.08K |