Thong Guan Industries Bhd (7034) - Net Assets

Latest as of December 2025: RM958.16 Million MYR ≈ $240.56 Million USD

Based on the latest financial reports, Thong Guan Industries Bhd (7034) has net assets worth RM958.16 Million MYR (≈ $240.56 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 (RM1.44 Billion ≈ $360.95 Million USD) and total liabilities (RM479.51 Million ≈ $120.39 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 Thong Guan Industries Bhd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets RM958.16 Million
% of Total Assets 66.65%
Annual Growth Rate 9.37%
5-Year Change 25.81%
10-Year Change 118.62%
Growth Volatility 5.11

Thong Guan Industries Bhd - Net Assets Trend (2006–2025)

This chart illustrates how Thong Guan Industries Bhd's net assets have evolved over time, based on quarterly financial data. See 7034 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Thong Guan Industries Bhd (2006–2025)

The table below shows the annual net assets of Thong Guan Industries Bhd from 2006 to 2025. For live valuation and market cap data, see market value of Thong Guan Industries Bhd.

Year Net Assets Change
2025-12-31 RM958.16 Million
≈ $240.56 Million		 -3.20%
2024-12-31 RM989.88 Million
≈ $248.53 Million		 +3.78%
2023-12-31 RM953.81 Million
≈ $239.47 Million		 +12.17%
2022-12-31 RM850.33 Million
≈ $213.49 Million		 +11.65%
2021-12-31 RM761.60 Million
≈ $191.21 Million		 +13.96%
2020-12-31 RM668.31 Million
≈ $167.79 Million		 +12.40%
2019-12-31 RM594.59 Million
≈ $149.28 Million		 +17.83%
2018-12-31 RM504.63 Million
≈ $126.69 Million		 +5.99%
2017-12-31 RM476.10 Million
≈ $119.53 Million		 +8.63%
2016-12-31 RM438.28 Million
≈ $110.04 Million		 +10.54%
2015-12-31 RM396.50 Million
≈ $99.55 Million		 +14.10%
2014-12-31 RM347.49 Million
≈ $87.24 Million		 +18.55%
2013-12-31 RM293.12 Million
≈ $73.59 Million		 +10.74%
2012-12-31 RM264.70 Million
≈ $66.46 Million		 +8.90%
2011-12-31 RM243.07 Million
≈ $61.03 Million		 +12.17%
2010-12-31 RM216.71 Million
≈ $54.41 Million		 +6.02%
2009-12-31 RM204.41 Million
≈ $51.32 Million		 +6.63%
2008-12-31 RM191.71 Million
≈ $48.13 Million		 +4.26%
2007-12-31 RM183.86 Million
≈ $46.16 Million		 +5.20%
2006-12-31 RM174.77 Million
≈ $43.88 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Thong Guan Industries 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 67342000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings RM673.42 Million 72.38%
Common Stock RM271.99 Million 29.23%
Other Comprehensive Income RM-2.63 Million -0.28%
Total Equity RM930.46 Million 100.00%

Thong Guan Industries Bhd Competitors by Market Cap

The table below lists competitors of Thong Guan Industries Bhd ranked by their market capitalization.

Company Market Cap
Stratus Properties Inc
NASDAQ:STRS
 $151.18 Million
First Capital Inc
NASDAQ:FCAP
 $151.22 Million
KOLIBRI GLOBAL ENERGY INC
F:B120
 $151.30 Million
USBC, Inc.
NYSE MKT:USBC
 $151.38 Million
Sahamitr Pressure Container Public Company Limited
BK:SMPC
 $151.06 Million
New Fortress Energy LLC
NASDAQ:NFE
 $151.04 Million
Sermsang Power Corporation Public Company Limited
BK:SSP
 $151.02 Million
Comstock Holding Companies Inc
NASDAQ:CHCI
 $150.99 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thong Guan Industries Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 959,737,000 to 930,455,000, a change of -29,282,000 (-3.1%).
  • Net income of 64,029,000 contributed positively to equity growth.
  • Dividend payments of 18,434,000 reduced retained earnings.
  • Share repurchases of 7,185,000 reduced equity.
  • Other comprehensive income decreased equity by 2,634,000.
  • Other factors decreased equity by 65,058,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income RM64.03 Million +6.88%
Dividends Paid RM18.43 Million -1.98%
Share Repurchases RM7.18 Million -0.77%
Other Comprehensive Income RM-2.63 Million -0.28%
Other Changes RM-65.06 Million -6.99%
Total Change RM- -3.05%

Book Value vs Market Value Analysis

This analysis compares Thong Guan Industries 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: 0.65x
  • 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 2.37x to 0.65x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 RM0.65 RM1.53 x
2007-12-31 RM0.68 RM1.53 x
2008-12-31 RM0.71 RM1.53 x
2009-12-31 RM0.76 RM1.53 x
2010-12-31 RM0.80 RM1.53 x
2011-12-31 RM0.90 RM1.53 x
2012-12-31 RM0.97 RM1.53 x
2013-12-31 RM1.38 RM1.53 x
2014-12-31 RM1.55 RM1.53 x
2015-12-31 RM1.64 RM1.53 x
2016-12-31 RM1.31 RM1.53 x
2017-12-31 RM1.38 RM1.53 x
2018-12-31 RM1.46 RM1.53 x
2019-12-31 RM1.74 RM1.53 x
2020-12-31 RM1.65 RM1.53 x
2021-12-31 RM1.87 RM1.53 x
2022-12-31 RM2.09 RM1.53 x
2023-12-31 RM2.33 RM1.53 x
2024-12-31 RM2.40 RM1.53 x
2025-12-31 RM2.35 RM1.53 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thong Guan Industries 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): 6.88%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.33%
  • • Asset Turnover: 0.84x
  • • Equity Multiplier: 1.55x
  • Recent ROE (6.88%) is below the historical average (9.17%), 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 12.06% 4.49% 1.50x 1.79x RM3.60 Million
2007 6.53% 2.32% 1.54x 1.83x RM-6.38 Million
2008 2.42% 0.82% 1.90x 1.55x RM-14.52 Million
2009 7.42% 3.71% 1.41x 1.41x RM-5.28 Million
2010 9.13% 4.05% 1.51x 1.49x RM-1.88 Million
2011 11.17% 5.01% 1.47x 1.52x RM2.83 Million
2012 10.40% 4.31% 1.60x 1.51x RM1.04 Million
2013 9.73% 3.91% 1.61x 1.55x RM-772.30K
2014 5.11% 2.36% 1.35x 1.60x RM-16.72 Million
2015 9.88% 5.42% 1.32x 1.38x RM-460.00K
2016 12.99% 7.52% 1.20x 1.44x RM12.86 Million
2017 8.99% 5.03% 1.21x 1.47x RM-4.73 Million
2018 8.83% 5.07% 1.17x 1.49x RM-5.80 Million
2019 10.73% 6.59% 1.07x 1.53x RM4.19 Million
2020 11.67% 7.84% 0.95x 1.57x RM10.77 Million
2021 12.66% 7.64% 1.00x 1.66x RM19.50 Million
2022 12.17% 7.21% 1.06x 1.59x RM17.84 Million
2023 7.72% 5.75% 0.89x 1.52x RM-21.08 Million
2024 7.00% 5.24% 0.88x 1.52x RM-28.80 Million
2025 6.88% 5.33% 0.84x 1.55x RM-29.02 Million

Industry Comparison

This section compares Thong Guan Industries Bhd's net assets metrics with peer companies in the Packaging & Containers industry.

Industry Context

  • Industry: Packaging & Containers
  • Average net assets among peers: $484,958,207
  • Average return on equity (ROE) among peers: 11.19%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Thong Guan Industries Bhd (7034) RM958.16 Million 12.06% 0.50x $151.16 Million
HPP Holdings Bhd (0228) $123.36 Million 1.77% 0.29x $33.18 Million
L&P Global Berhad (0268) $27.88 Million 35.34% 1.06x $14.05 Million
DS Sigma Holdings Berhad (0269) $50.29 Million 41.77% 0.58x $30.73 Million
Scientex Bhd (4731) $3.61 Billion 12.15% 0.53x $1.49 Billion
Versatile Creative Bhd (4995) $76.21 Million -0.18% 0.43x $63.29 Million
Ornapaper Bhd (5065) $156.40 Million 9.93% 0.73x $12.38 Million
BP Plastics Holding Bhd (5100) $263.61 Million 13.37% 0.32x $49.47 Million
Perusahaan Sadur Timah Malaysia Perstima Bhd (5436) $379.08 Million 5.68% 0.24x $27.87 Million
Box Pak (Malaysia) Bhd (6297) $94.35 Million -12.14% 4.25x $7.23 Million
Master Pack Group Bhd (7029) $72.06 Million 4.26% 0.30x $21.94 Million

About Thong Guan Industries Bhd

KLSE:7034 Malaysia Packaging & Containers
Market Cap
$151.16 Million
RM602.06 Million MYR
Market Cap Rank
#17712 Global
#255 in Malaysia
Share Price
RM1.53
Change (1 day)
+2.00%
52-Week Range
RM1.05 - RM1.65
All Time High
RM2.97
Categories
Companies in Malaysia Packaging & Containers
About

Thong Guan Industries Berhad, an investment holding company, manufactures and trades in plastic products and packaged food, beverages, and other consumable products in Malaysia, other Asian countries, Oceania, Europe, North America, and internationally. The company operates through Plastic Products; and Food, Beverages, and Other Consumable Products segments. Its products include stretch and maxs… Read more