PIE Industrial Bhd
P.I.E. Industrial Berhad, an investment holding company, manufactures and sells industrial products in Malaysia, other Asia Pacific countries, the United States, Europe, and Africa. It operates in Manufacturing of Industrial Products and Trading of Electronic Materials segments. The company offers cables and wires for electronic devices; cable moulding compounds and printed circuit board assembli… Read more
PIE Industrial Bhd (7095) - Net Assets
Latest net assets as of September 2025: RM665.34 Million MYR
Based on the latest financial reports, PIE Industrial Bhd (7095) has net assets worth RM665.34 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 (RM830.82 Million) and total liabilities (RM165.48 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 | RM665.34 Million |
| % of Total Assets | 80.08% |
| Annual Growth Rate | 7.9% |
| 5-Year Change | 38.11% |
| 10-Year Change | 71.52% |
| Growth Volatility | 4.82 |
PIE Industrial Bhd - Net Assets Trend (2006–2024)
This chart illustrates how PIE Industrial 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 PIE Industrial Bhd (2006–2024)
The table below shows the annual net assets of PIE Industrial Bhd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM659.60 Million | +8.35% |
| 2023-12-31 | RM608.79 Million | +8.62% |
| 2022-12-31 | RM560.47 Million | +8.51% |
| 2021-12-31 | RM516.49 Million | +8.15% |
| 2020-12-31 | RM477.58 Million | +5.69% |
| 2019-12-31 | RM451.86 Million | +5.16% |
| 2018-12-31 | RM429.70 Million | +6.88% |
| 2017-12-31 | RM402.03 Million | +7.61% |
| 2016-12-31 | RM373.59 Million | -2.86% |
| 2015-12-31 | RM384.57 Million | +21.06% |
| 2014-12-31 | RM317.66 Million | +10.32% |
| 2013-12-31 | RM287.93 Million | +8.40% |
| 2012-12-31 | RM265.61 Million | +4.58% |
| 2011-12-31 | RM253.99 Million | +8.78% |
| 2010-12-31 | RM233.49 Million | +4.89% |
| 2009-12-31 | RM222.60 Million | +5.11% |
| 2008-12-31 | RM211.78 Million | +8.03% |
| 2007-12-31 | RM196.04 Million | +16.80% |
| 2006-12-31 | RM167.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PIE Industrial 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 585.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM549.86 Million | 86.55% |
| Common Stock | RM83.20 Million | 13.10% |
| Other Components | RM2.21 Million | 0.35% |
| Total Equity | RM635.28 Million | 100.00% |
PIE Industrial Bhd Competitors by Market Cap
The table below lists competitors of PIE Industrial Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Take Solutions Limited
NSE:TAKE
|
$36.69 Million |
|
Hainan Poly Pharm Co Ltd
SHE:300630
|
$36.69 Million |
|
BranchOut Food Inc. Common Stock
NASDAQ:BOF
|
$36.69 Million |
|
Tailyn Technologies
TWO:5353
|
$36.71 Million |
|
Grupa Azoty Zaklady Chemiczne Police SA
WAR:PCE
|
$36.67 Million |
|
Bai Sha Technology Co Ltd
TWO:8401
|
$36.67 Million |
|
NPC Co. Ltd
KO:004250
|
$36.66 Million |
|
Viafin Service Oyj
HE:VIAFIN
|
$36.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PIE Industrial Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 608,794,811 to 635,277,000, a change of 26,482,189 (4.3%).
- Net income of 53,133,000 contributed positively to equity growth.
- Dividend payments of 26,883,000 reduced retained earnings.
- Other comprehensive income decreased equity by 16,536,932.
- Other factors increased equity by 16,769,121.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM53.13 Million | +8.36% |
| Dividends Paid | RM26.88 Million | -4.23% |
| Other Comprehensive Income | RM-16.54 Million | -2.6% |
| Other Changes | RM16.77 Million | +2.64% |
| Total Change | RM- | 4.35% |
Book Value vs Market Value Analysis
This analysis compares PIE Industrial 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: 0.68x
- 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 2.53x to 0.68x 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 | RM0.45 | RM1.13 | x |
| 2007-12-31 | RM0.52 | RM1.13 | x |
| 2008-12-31 | RM0.55 | RM1.13 | x |
| 2009-12-31 | RM0.58 | RM1.13 | x |
| 2010-12-31 | RM0.61 | RM1.13 | x |
| 2011-12-31 | RM0.66 | RM1.13 | x |
| 2012-12-31 | RM0.69 | RM1.13 | x |
| 2013-12-31 | RM0.75 | RM1.13 | x |
| 2014-12-31 | RM0.83 | RM1.13 | x |
| 2015-12-31 | RM1.00 | RM1.13 | x |
| 2016-12-31 | RM0.97 | RM1.13 | x |
| 2017-12-31 | RM1.05 | RM1.13 | x |
| 2018-12-31 | RM1.12 | RM1.13 | x |
| 2019-12-31 | RM1.18 | RM1.13 | x |
| 2020-12-31 | RM1.24 | RM1.13 | x |
| 2021-12-31 | RM1.34 | RM1.13 | x |
| 2022-12-31 | RM1.46 | RM1.13 | x |
| 2023-12-31 | RM1.59 | RM1.13 | x |
| 2024-12-31 | RM1.65 | RM1.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PIE Industrial 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): 8.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.45%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 1.35x
- Recent ROE (8.36%) is below the historical average (12.21%), 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 | 15.59% | 9.43% | 1.34x | 1.24x | RM9.38 Million |
| 2007 | 18.16% | 12.67% | 1.16x | 1.24x | RM15.99 Million |
| 2008 | 16.02% | 11.63% | 1.12x | 1.23x | RM12.76 Million |
| 2009 | 11.36% | 11.19% | 0.84x | 1.21x | RM3.02 Million |
| 2010 | 10.99% | 8.94% | 1.02x | 1.21x | RM2.31 Million |
| 2011 | 14.99% | 10.89% | 1.02x | 1.35x | RM12.68 Million |
| 2012 | 12.93% | 9.85% | 1.06x | 1.24x | RM7.79 Million |
| 2013 | 13.21% | 8.47% | 0.96x | 1.62x | RM9.24 Million |
| 2014 | 12.12% | 6.86% | 1.02x | 1.74x | RM6.74 Million |
| 2015 | 12.73% | 7.39% | 1.00x | 1.72x | RM10.51 Million |
| 2016 | 9.65% | 6.23% | 1.11x | 1.40x | RM-1.29 Million |
| 2017 | 11.94% | 7.07% | 1.30x | 1.30x | RM7.81 Million |
| 2018 | 10.04% | 6.52% | 1.12x | 1.38x | RM171.79K |
| 2019 | 8.09% | 5.54% | 1.22x | 1.20x | RM-8.63 Million |
| 2020 | 9.55% | 6.64% | 1.03x | 1.39x | RM-2.16 Million |
| 2021 | 11.68% | 5.88% | 1.24x | 1.60x | RM8.67 Million |
| 2022 | 12.50% | 6.01% | 1.28x | 1.62x | RM13.98 Million |
| 2023 | 12.08% | 6.05% | 1.33x | 1.50x | RM12.69 Million |
| 2024 | 8.36% | 5.45% | 1.14x | 1.35x | RM-10.39 Million |
Industry Comparison
This section compares PIE Industrial Bhd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $246,641,466
- Average return on equity (ROE) among peers: 5.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PIE Industrial Bhd (7095) | RM665.34 Million | 15.59% | 0.25x | $36.68 Million |
| Scope Industries Bhd (0028) | $161.97 Million | -22.56% | 0.12x | $9.06 Million |
| Notion Vtec Bhd (0083) | $415.95 Million | -1.88% | 0.33x | $27.81 Million |
| K-One Technology Bhd (0111) | $107.39 Million | 5.27% | 0.14x | $12.36 Million |
| JHM Consolidation Bhd (0127) | $124.25 Million | 23.86% | 0.46x | $20.36 Million |
| NationGate Holdings Berhad (0270) | $229.05 Million | 37.23% | 2.33x | $137.28 Million |
| Northeast Group Berhad (0325) | $126.38 Million | 30.12% | 0.36x | $25.41 Million |
| GUH Holdings Bhd (3247) | $468.54 Million | -3.44% | 0.27x | $7.42 Million |
| Cape EMS Berhad (5311) | $455.16 Million | 9.75% | 0.70x | $36.05 Million |
| CPE Technology Berhad (5317) | $328.16 Million | 7.15% | 0.08x | $25.76 Million |
| PNE PCB Bhd (6637) | $49.56 Million | -32.04% | 0.85x | $2.21 Million |