TPC Plus Bhd
TPC Plus Berhad, an investment holding company, engages in the poultry farming business in Malaysia. The company is involved in the production, packaging, and distribution of eggs and poultry feeds to wholesale egg dealers, retailers, fast-food chains, hypermarkets, and food manufacturers. It also engages in the oil palm plantation business; and provision of management services. The company was f… Read more
TPC Plus Bhd (7176) - Net Assets
Latest net assets as of September 2025: RM132.19 Million MYR
Based on the latest financial reports, TPC Plus Bhd (7176) has net assets worth RM132.19 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 (RM347.73 Million) and total liabilities (RM215.54 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 | RM132.19 Million |
| % of Total Assets | 38.01% |
| Annual Growth Rate | 16.55% |
| 5-Year Change | 88.01% |
| 10-Year Change | 423.81% |
| Growth Volatility | 58.26 |
TPC Plus Bhd - Net Assets Trend (2012–2024)
This chart illustrates how TPC Plus 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 TPC Plus Bhd (2012–2024)
The table below shows the annual net assets of TPC Plus Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM125.72 Million | +10.66% |
| 2023-12-31 | RM113.60 Million | +61.85% |
| 2022-12-31 | RM70.19 Million | +11.64% |
| 2021-12-31 | RM62.87 Million | -5.98% |
| 2020-12-31 | RM66.87 Million | -23.49% |
| 2019-12-31 | RM87.40 Million | +2.44% |
| 2018-12-31 | RM85.31 Million | +17.03% |
| 2017-12-31 | RM72.90 Million | -0.31% |
| 2016-12-31 | RM73.13 Million | +204.69% |
| 2015-12-31 | RM24.00 Million | +14.29% |
| 2014-12-31 | RM21.00 Million | +31.25% |
| 2013-12-31 | RM16.00 Million | -20.00% |
| 2012-12-31 | RM20.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TPC Plus 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 335.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM27.84 Million | 22.15% |
| Common Stock | RM86.08 Million | 68.47% |
| Other Components | RM11.79 Million | 9.38% |
| Total Equity | RM125.72 Million | 100.00% |
TPC Plus Bhd Competitors by Market Cap
The table below lists competitors of TPC Plus Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canstar Resources Inc
PINK:CSRNF
|
$4.10 Million |
|
5G Networks Ltd
AU:5GN
|
$4.10 Million |
|
Rotshtein
TA:ROTS
|
$4.10 Million |
|
Swift Networks Group Ltd
AU:SW1
|
$4.10 Million |
|
Metro Healthcare Berhad
KLSE:0329
|
$4.10 Million |
|
DARI COUSPATE
BC:DARI-COUSPATE
|
$4.10 Million |
|
INNO-GENE SA ZY -10
F:WQ3
|
$4.10 Million |
|
Cohen Dev
TA:CDEV
|
$4.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TPC Plus Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 113,604,260 to 125,715,380, a change of 12,111,120 (10.7%).
- Net income of 18,275,780 contributed positively to equity growth.
- Dividend payments of 6,164,660 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM18.28 Million | +14.54% |
| Dividends Paid | RM6.16 Million | -4.9% |
| Total Change | RM- | 10.66% |
Book Value vs Market Value Analysis
This analysis compares TPC Plus 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: 0.74x
- 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 0.96x to 0.74x 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 | RM0.31 | RM0.30 | x |
| 2017-12-31 | RM0.31 | RM0.30 | x |
| 2018-12-31 | RM0.36 | RM0.30 | x |
| 2019-12-31 | RM0.37 | RM0.30 | x |
| 2020-12-31 | RM0.27 | RM0.30 | x |
| 2021-12-31 | RM0.20 | RM0.30 | x |
| 2022-12-31 | RM0.23 | RM0.30 | x |
| 2023-12-31 | RM0.37 | RM0.30 | x |
| 2024-12-31 | RM0.41 | RM0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TPC Plus 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): 14.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.01%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 2.57x
- Recent ROE (14.54%) is above the historical average (-1.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.32% | 4.12% | 0.78x | 1.65x | RM-3.43 Million |
| 2017 | -7.31% | -4.66% | 0.70x | 2.24x | RM-12.62 Million |
| 2018 | 3.86% | 1.54% | 1.13x | 2.21x | RM-5.24 Million |
| 2019 | 2.39% | 0.85% | 1.24x | 2.27x | RM-6.66 Million |
| 2020 | -34.03% | -9.41% | 1.19x | 3.04x | RM-29.44 Million |
| 2021 | -45.26% | -9.41% | 1.37x | 3.52x | RM-34.74 Million |
| 2022 | 10.43% | 1.67% | 1.92x | 3.24x | RM299.08K |
| 2023 | 38.22% | 9.59% | 1.47x | 2.72x | RM32.05 Million |
| 2024 | 14.54% | 4.01% | 1.41x | 2.57x | RM5.70 Million |
Industry Comparison
This section compares TPC Plus Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $444,702,596
- Average return on equity (ROE) among peers: 1.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TPC Plus Bhd (7176) | RM132.19 Million | 5.32% | 1.63x | $4.10 Million |
| Green Ocean Corporation Bhd (0074) | $21.99 Million | 8.76% | 1.57x | $2.27 Million |
| MAG Holdings Berhad (0095) | $473.76 Million | -1.41% | 0.15x | $29.82 Million |
| Greenyield Bhd (0136) | $54.42 Million | -0.73% | 0.43x | $3.29 Million |
| Heng Huat Resources Group Bhd (0175) | $231.51 Million | 3.70% | 0.31x | $7.31 Million |
| Matang Bhd (0189) | $248.32 Million | 2.40% | 0.03x | $17.51 Million |
| Pinehill Pacific Bhd (1902) | $184.30 Million | -6.00% | -0.03x | $6.70 Million |
| Chin Teck Plantations Bhd (1929) | $651.35 Million | 10.97% | 0.05x | $63.45 Million |
| Kretam Holdings Bhd (1996) | $607.72 Million | -6.37% | 0.35x | $46.24 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $545.52 Million | -0.47% | 0.35x | $25.62 Million |
| TDM Berhad (2054) | $1.43 Billion | 1.62% | 0.87x | $25.63 Million |