Joe Holding Bhd
Joe Holding Berhad, together with its subsidiaries, supplies automotive batteries in Malaysia and internationally. It operates through Automotive Batteries; Valve Regulated Lead Acid (VRLA) Batteries; and Investment Holding segments. The company engages in the manufacturing, assembling, and selling of automotive and motorcycle batteries, as well as engine oil, battery finder, lubricants, and othe… Read more
Joe Holding Bhd (7096) - Net Assets
Latest net assets as of September 2025: RM139.61 Million MYR
Based on the latest financial reports, Joe Holding Bhd (7096) has net assets worth RM139.61 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 (RM216.94 Million) and total liabilities (RM77.33 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 | RM139.61 Million |
| % of Total Assets | 64.35% |
| Annual Growth Rate | 2.94% |
| 5-Year Change | -14.12% |
| 10-Year Change | 38.98% |
| Growth Volatility | 21.44 |
Joe Holding Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Joe Holding 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 Joe Holding Bhd (2013–2025)
The table below shows the annual net assets of Joe Holding Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM150.10 Million | -8.45% |
| 2024-03-31 | RM163.95 Million | -8.68% |
| 2023-03-31 | RM179.53 Million | -17.80% |
| 2022-03-31 | RM218.40 Million | +24.96% |
| 2021-03-31 | RM174.78 Million | +65.96% |
| 2020-03-31 | RM105.31 Million | -0.98% |
| 2019-03-31 | RM106.35 Million | -1.33% |
| 2018-03-31 | RM107.79 Million | -1.17% |
| 2017-03-31 | RM109.07 Million | +0.99% |
| 2016-03-31 | RM108.00 Million | +16.13% |
| 2015-03-31 | RM93.00 Million | -5.10% |
| 2014-03-31 | RM98.00 Million | -7.55% |
| 2013-03-31 | RM106.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Joe Holding 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 268.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM17.54 Million | 11.69% |
| Common Stock | RM132.56 Million | 88.31% |
| Total Equity | RM150.10 Million | 100.00% |
Joe Holding Bhd Competitors by Market Cap
The table below lists competitors of Joe Holding Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Legacy Iron Ore Ltd
AU:LCY
|
$2.19 Million |
|
Ragusa Minerals Ltd
AU:RAS
|
$2.19 Million |
|
CleanCore Solutions Inc.
NYSE MKT:ZONE
|
$2.19 Million |
|
TANTALEX LITHIUM RES.CORP
F:DW8
|
$2.20 Million |
|
M3 Metals Corp
OTCQB:MLGCF
|
$2.19 Million |
|
Xox Networks Bhd
KLSE:0140
|
$2.19 Million |
|
YKGI Holdings Bhd
KLSE:7020
|
$2.19 Million |
|
FIRST SOLAR
BE:F3A
|
$2.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Joe Holding Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 163,948,000 to 150,100,000, a change of -13,848,000 (-8.4%).
- Net loss of 10,893,000 reduced equity.
- Other factors decreased equity by 2,955,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-10.89 Million | -7.26% |
| Other Changes | RM-2.96 Million | -1.97% |
| Total Change | RM- | -8.45% |
Book Value vs Market Value Analysis
This analysis compares Joe Holding 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: 0.11x
- 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 0.54x to 0.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.10 | RM0.06 | x |
| 2018-03-31 | RM0.10 | RM0.06 | x |
| 2019-03-31 | RM0.10 | RM0.06 | x |
| 2020-03-31 | RM0.10 | RM0.06 | x |
| 2021-03-31 | RM1.05 | RM0.06 | x |
| 2022-03-31 | RM0.71 | RM0.06 | x |
| 2023-03-31 | RM0.59 | RM0.06 | x |
| 2024-03-31 | RM0.54 | RM0.06 | x |
| 2025-03-31 | RM0.49 | RM0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Joe Holding 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): -7.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -69.90%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.50x
- Recent ROE (-7.26%) is below the historical average (-5.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 7.31% | 8.80% | 0.70x | 1.19x | RM-2.94 Million |
| 2018 | -1.19% | -1.74% | 0.57x | 1.19x | RM-12.06 Million |
| 2019 | -0.56% | -1.38% | 0.34x | 1.19x | RM-11.23 Million |
| 2020 | -0.98% | -3.55% | 0.23x | 1.23x | RM-11.57 Million |
| 2021 | -1.18% | -8.18% | 0.13x | 1.12x | RM-19.54 Million |
| 2022 | -15.04% | -174.88% | 0.08x | 1.10x | RM-54.70 Million |
| 2023 | -21.66% | -184.53% | 0.08x | 1.42x | RM-56.83 Million |
| 2024 | -12.33% | -86.66% | 0.10x | 1.47x | RM-36.62 Million |
| 2025 | -7.26% | -69.90% | 0.07x | 1.50x | RM-25.90 Million |
Industry Comparison
This section compares Joe Holding Bhd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $236,290,207
- Average return on equity (ROE) among peers: 13.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Joe Holding Bhd (7096) | RM139.61 Million | 7.31% | 0.55x | $2.19 Million |
| Eversafe Rubber Bhd (0190) | $65.06 Million | 4.25% | 0.76x | $1.20 Million |
| Betamek Bhd (0263) | $86.96 Million | 14.04% | 0.45x | $11.01 Million |
| KHPT Holdings Berhad (0322) | $28.09 Million | 31.32% | 1.02x | $2.10 Million |
| MSB Global Group Berhad (0350) | $38.18 Million | 49.46% | 0.54x | $3.62 Million |
| APM Automotive Holdings Bhd (5015) | $1.23 Billion | 3.18% | 0.34x | $36.74 Million |
| ABM Fujiya Bhd (5198) | $159.98 Million | 1.16% | 0.62x | $814.00K |
| Globaltec Formation Bhd (5220) | $370.00 Million | -10.00% | 0.35x | $23.80 Million |
| Solid Automotive Bhd (5242) | $141.56 Million | 1.00% | 0.66x | $5.00 Million |
| Pecca Group Bhd (5271) | $156.93 Million | 9.26% | 0.16x | $66.22 Million |
| Feytech Holdings Berhad (5322) | $85.48 Million | 32.28% | 0.71x | $13.02 Million |