Master Pack Group Bhd (7029) - Net Assets

Latest as of December 2025: RM170.13 Million MYR ≈ $42.71 Million USD

Based on the latest financial reports, Master Pack Group Bhd (7029) has net assets worth RM170.13 Million MYR (≈ $42.71 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM194.25 Million ≈ $48.77 Million USD) and total liabilities (RM24.12 Million ≈ $6.06 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. Check 7029 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets RM170.13 Million
% of Total Assets 87.58%
Annual Growth Rate 9.88%
5-Year Change 34.61%
10-Year Change 136.08%
Growth Volatility 6.72

Master Pack Group Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Master Pack Group Bhd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Master Pack Group Bhd for the complete picture of this company's asset base.

Annual Net Assets for Master Pack Group Bhd (2012–2025)

The table below shows the annual net assets of Master Pack Group Bhd from 2012 to 2025. For live valuation and market cap data, see Master Pack Group Bhd (7029) total market value.

Year Net Assets Change
2025-12-31 RM170.13 Million
≈ $42.71 Million		 -2.61%
2024-12-31 RM174.69 Million
≈ $43.86 Million		 +3.18%
2023-12-31 RM169.30 Million
≈ $42.51 Million		 +18.18%
2022-12-31 RM143.25 Million
≈ $35.97 Million		 +13.34%
2021-12-31 RM126.39 Million
≈ $31.73 Million		 +11.46%
2020-12-31 RM113.39 Million
≈ $28.47 Million		 +7.15%
2019-12-31 RM105.82 Million
≈ $26.57 Million		 +16.11%
2018-12-31 RM91.14 Million
≈ $22.88 Million		 +20.74%
2017-12-31 RM75.49 Million
≈ $18.95 Million		 +4.75%
2016-12-31 RM72.06 Million
≈ $18.09 Million		 +4.44%
2015-12-31 RM69.00 Million
≈ $17.32 Million		 +7.81%
2014-12-31 RM64.00 Million
≈ $16.07 Million		 +18.52%
2013-12-31 RM54.00 Million
≈ $13.56 Million		 +8.00%
2012-12-31 RM50.00 Million
≈ $12.55 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 1334.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings RM114.79 Million 67.47%
Common Stock RM55.34 Million 32.53%
Total Equity RM170.13 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
Stakeholder Gold Corp
V:SRC
 $23.31 Million
Superdong Fast Ferry Kien Giang JSC
VN:SKG
 $23.32 Million
Derwent London PLC
LSE:DLN
 $23.32 Million
TURBOMECANICA S.A.
RO:TBM
 $23.33 Million
NamSys Inc
V:CTZ
 $23.31 Million
Aspermont Ltd
AU:ASP
 $23.29 Million
Neuphoria Therapeutics Inc
NASDAQ:NEUP
 $23.29 Million
Alcom Group Bhd
KLSE:2674
 $23.27 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 2024 to 2025, total equity changed from 174,693,000 to 170,127,000, a change of -4,566,000 (-2.6%).
  • Net income of 4,802,000 contributed positively to equity growth.
  • Dividend payments of 6,555,000 reduced retained earnings.
  • Other factors decreased equity by 2,813,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income RM4.80 Million +2.82%
Dividends Paid RM6.55 Million -3.85%
Other Changes RM-2.81 Million -1.65%
Total Change RM- -2.61%

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: 0.55x
  • 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 1.29x to 0.55x 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 RM1.70 x
2017-12-31 RM1.38 RM1.70 x
2018-12-31 RM1.67 RM1.70 x
2019-12-31 RM1.94 RM1.70 x
2020-12-31 RM2.08 RM1.70 x
2021-12-31 RM2.31 RM1.70 x
2022-12-31 RM2.62 RM1.70 x
2023-12-31 RM3.10 RM1.70 x
2024-12-31 RM3.20 RM1.70 x
2025-12-31 RM3.11 RM1.70 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): 2.82%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.72%
  • • Asset Turnover: 0.52x
  • • Equity Multiplier: 1.14x
  • Recent ROE (2.82%) is below the historical average (9.03%), suggesting potential challenges in 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
2025 2.82% 4.72% 0.52x 1.14x RM-12.21 Million

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: $140,981,757
  • Average return on equity (ROE) among peers: 12.79%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Master Pack Group Bhd (7029) RM170.13 Million 4.31% 0.14x $23.31 Million
HPP Holdings Bhd (0228) $67.39 Million 12.22% 0.57x $26.84 Million
L&P Global Berhad (0268) $18.33 Million 23.96% 1.33x $14.75 Million
DS Sigma Holdings Berhad (0269) $28.82 Million 70.51% 0.85x $30.73 Million
Scientex Bhd (4731) $380.92 Million 12.52% 0.63x $1.36 Billion
Versatile Creative Bhd (4995) $40.03 Million -40.82% 1.06x $63.99 Million
Ornapaper Bhd (5065) $115.00 Million 6.09% 0.81x $13.22 Million
BP Plastics Holding Bhd (5100) $167.34 Million 7.67% 0.33x $55.83 Million
Perusahaan Sadur Timah Malaysia Perstima Bhd (5436) $320.00 Million 8.44% 0.19x $45.38 Million
Box Pak (Malaysia) Bhd (6297) $131.00 Million 14.50% 0.61x $7.53 Million

About Master Pack Group Bhd

KLSE:7029 Malaysia Packaging & Containers
Market Cap
$23.31 Million
RM92.85 Million MYR
Market Cap Rank
#24629 Global
#653 in Malaysia
Share Price
RM1.70
Change (1 day)
-2.86%
52-Week Range
RM1.62 - RM3.25
All Time High
RM4.09
Categories
Companies in Malaysia Packaging & Containers
About

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