New Hoong Fatt Holdings Bhd (7060) - Net Assets
Based on the latest financial reports, New Hoong Fatt Holdings Bhd (7060) has net assets worth RM591.09 Million MYR (≈ $148.40 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM660.77 Million ≈ $165.90 Million USD) and total liabilities (RM69.68 Million ≈ $17.50 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 New Hoong Fatt Holdings Bhd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM591.09 Million |
| % of Total Assets | 89.45% |
| Annual Growth Rate | 5.48% |
| 5-Year Change | 23.15% |
| 10-Year Change | 74.16% |
| Growth Volatility | 4.25 |
New Hoong Fatt Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how New Hoong Fatt Holdings Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is New Hoong Fatt Holdings Bhd worth.
Annual Net Assets for New Hoong Fatt Holdings Bhd (2012–2024)
The table below shows the annual net assets of New Hoong Fatt Holdings Bhd from 2012 to 2024. Also explore net asset growth rate of New Hoong Fatt Holdings Bhd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM574.72 Million ≈ $144.29 Million |
+4.65% |
| 2023-12-31 | RM549.16 Million ≈ $137.88 Million |
+7.79% |
| 2022-12-31 | RM509.48 Million ≈ $127.91 Million |
+4.16% |
| 2021-12-31 | RM489.12 Million ≈ $122.80 Million |
+4.81% |
| 2020-12-31 | RM466.67 Million ≈ $117.16 Million |
+0.70% |
| 2019-12-31 | RM463.44 Million ≈ $116.35 Million |
+1.53% |
| 2018-12-31 | RM456.45 Million ≈ $114.60 Million |
+7.00% |
| 2017-12-31 | RM426.59 Million ≈ $107.10 Million |
+14.57% |
| 2016-12-31 | RM372.34 Million ≈ $93.48 Million |
+12.83% |
| 2015-12-31 | RM330.00 Million ≈ $82.85 Million |
+5.10% |
| 2014-12-31 | RM314.00 Million ≈ $78.84 Million |
+0.32% |
| 2013-12-31 | RM313.00 Million ≈ $78.58 Million |
+3.30% |
| 2012-12-31 | RM303.00 Million ≈ $76.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to New Hoong Fatt 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 65.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM492.05 Million | 85.62% |
| Common Stock | RM82.67 Million | 14.38% |
| Total Equity | RM574.72 Million | 100.00% |
New Hoong Fatt Holdings Bhd Competitors by Market Cap
The table below lists competitors of New Hoong Fatt Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BJ.B.J.B.UNI.S.(NEW)YC-10
F:BJDH
|
$55.23 Million |
|
Bangkok Ranch PCL
BK:BR
|
$55.23 Million |
|
Techbond Group Bhd
KLSE:5289
|
$55.24 Million |
|
Great Computer
TWO:8047
|
$55.27 Million |
|
Ithaca Energy PLC
LSE:ITH
|
$55.19 Million |
|
Crown Confec
KO:005740
|
$55.17 Million |
|
ImageneBio, Inc.
NASDAQ:IMA
|
$55.16 Million |
|
International Conveyors Limited
NSE:INTLCONV
|
$55.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Hoong Fatt Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 549,159,000 to 574,718,000, a change of 25,559,000 (4.7%).
- Net income of 43,962,000 contributed positively to equity growth.
- Dividend payments of 18,188,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM43.96 Million | +7.65% |
| Dividends Paid | RM18.19 Million | -3.16% |
| Other Changes | RM-215.00K | -0.04% |
| Total Change | RM- | 4.65% |
Book Value vs Market Value Analysis
This analysis compares New Hoong Fatt 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: 0.38x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM4.50 | RM1.33 | x |
| 2017-12-31 | RM5.16 | RM1.33 | x |
| 2018-12-31 | RM5.52 | RM1.33 | x |
| 2019-12-31 | RM5.61 | RM1.33 | x |
| 2020-12-31 | RM5.64 | RM1.33 | x |
| 2021-12-31 | RM5.92 | RM1.33 | x |
| 2022-12-31 | RM6.16 | RM1.33 | x |
| 2023-12-31 | RM3.32 | RM1.33 | x |
| 2024-12-31 | RM3.48 | RM1.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Hoong Fatt 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): 7.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.58%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.14x
- Recent ROE (7.65%) is above the historical average (5.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.05% | 12.93% | 0.51x | 1.22x | RM-7.24 Million |
| 2017 | 4.77% | 8.11% | 0.47x | 1.26x | RM-22.33 Million |
| 2018 | 3.07% | 5.45% | 0.45x | 1.25x | RM-31.64 Million |
| 2019 | 3.21% | 5.39% | 0.49x | 1.22x | RM-31.47 Million |
| 2020 | 2.48% | 4.88% | 0.43x | 1.19x | RM-35.11 Million |
| 2021 | 4.00% | 8.02% | 0.40x | 1.24x | RM-29.33 Million |
| 2022 | 5.24% | 9.20% | 0.49x | 1.17x | RM-24.25 Million |
| 2023 | 8.69% | 16.96% | 0.45x | 1.15x | RM-7.21 Million |
| 2024 | 7.65% | 15.58% | 0.43x | 1.14x | RM-13.51 Million |
Industry Comparison
This section compares New Hoong Fatt Holdings Bhd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $287,615,550
- Average return on equity (ROE) among peers: 10.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Hoong Fatt Holdings Bhd (7060) | RM591.09 Million | 8.05% | 0.12x | $55.21 Million |
| Eversafe Rubber Bhd (0190) | $60.31 Million | 1.40% | 0.60x | $7.25 Million |
| Betamek Bhd (0263) | $143.22 Million | 13.99% | 0.27x | $78.02 Million |
| APM Automotive Holdings Bhd (5015) | $1.44 Billion | 5.95% | 0.68x | $139.88 Million |
| ABM Fujiya Bhd (5198) | $161.65 Million | -1.31% | 1.28x | $10.17 Million |
| Globaltec Formation Bhd (5220) | $281.52 Million | 2.65% | 0.52x | $63.85 Million |
| Solid Automotive Bhd (5242) | $181.85 Million | 8.51% | 0.38x | $15.65 Million |
| Pecca Group Bhd (5271) | $166.94 Million | 11.52% | 0.17x | $243.73 Million |
| Feytech Holdings Berhad (5322) | $85.48 Million | 32.28% | 0.71x | $47.63 Million |
| MCE Holdings Bhd (7004) | $68.00 Million | 16.18% | 0.44x | $60.11 Million |
About New Hoong Fatt Holdings Bhd
New Hoong Fatt Holdings Berhad, an investment holding company, manufactures, markets, distributes, and trades in automotive parts and accessories in the replacement market. The company offers metal automotive replacement body parts, including doors, hoods, fenders, tail gates, trunk lids, head-lamp panels, roof panels, and bonnets; and plastic automotive replacement parts, such as head and tail l… Read more