BTM Resources Bhd
BTM Resources Berhad, an investment holding company, engages in the manufacturing and sale of timber products and wood pellets in Malaysia, Australia, the United States, Korea, and Singapore. The company is involved in the logging; sawmilling; trading in sawn timbers, plywood, and logs; timber molding; and kiln-drying operations. BTM Resources Berhad was incorporated in 1994 and is headquartered … Read more
BTM Resources Bhd (7188) - Net Assets
Latest net assets as of September 2025: RM54.07 Million MYR
Based on the latest financial reports, BTM Resources Bhd (7188) has net assets worth RM54.07 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 (RM64.78 Million) and total liabilities (RM10.71 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 | RM54.07 Million |
| % of Total Assets | 83.46% |
| Annual Growth Rate | 11.12% |
| 5-Year Change | 149.07% |
| 10-Year Change | 120.51% |
| Growth Volatility | 154.31 |
BTM Resources Bhd - Net Assets Trend (2011–2024)
This chart illustrates how BTM Resources 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 BTM Resources Bhd (2011–2024)
The table below shows the annual net assets of BTM Resources Bhd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM55.13 Million | -25.11% |
| 2023-12-31 | RM73.62 Million | +568.26% |
| 2022-12-31 | RM11.02 Million | -41.22% |
| 2021-12-31 | RM18.74 Million | -15.32% |
| 2020-12-31 | RM22.13 Million | -2.00% |
| 2019-12-31 | RM22.59 Million | -20.82% |
| 2018-12-31 | RM28.52 Million | -1.19% |
| 2017-12-31 | RM28.87 Million | +9.34% |
| 2016-12-31 | RM26.40 Million | +5.61% |
| 2015-12-31 | RM25.00 Million | -10.71% |
| 2014-12-31 | RM28.00 Million | +47.37% |
| 2013-12-31 | RM19.00 Million | +72.73% |
| 2012-12-31 | RM11.00 Million | -21.43% |
| 2011-12-31 | RM14.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BTM Resources 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 decreased by 4280984000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM97.90 Million | 177.58% |
| Other Components | RM15.50 Million | 28.12% |
| Total Equity | RM55.13 Million | 100.00% |
BTM Resources Bhd Competitors by Market Cap
The table below lists competitors of BTM Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Golden Land Bhd
KLSE:7382
|
$3.73 Million |
|
Aeva Technologies, Inc. Warrants
NYSE:AEVAW
|
$3.74 Million |
|
Bioxytran Inc
OTCQB:BIXT
|
$3.74 Million |
|
Orange Minerals NL
AU:OMX
|
$3.74 Million |
|
SINTEZA S.A.
RO:STZ
|
$3.73 Million |
|
Trek Resources Inc
PINK:TRKX
|
$3.73 Million |
|
Argo Gold Inc
PINK:ARBTF
|
$3.73 Million |
|
World Technology Corp
PINK:HLOC
|
$3.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BTM Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 73,615,200 to 55,128,470, a change of -18,486,730 (-25.1%).
- Net loss of 17,232,710 reduced equity.
- Other factors decreased equity by 1,254,020.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-17.23 Million | -31.26% |
| Other Changes | RM-1.25 Million | -2.27% |
| Total Change | RM- | -25.11% |
Book Value vs Market Value Analysis
This analysis compares BTM Resources 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: 0.80x
- 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 increased from 0.21x to 0.80x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.17 | RM0.04 | x |
| 2017-12-31 | RM0.18 | RM0.04 | x |
| 2018-12-31 | RM0.16 | RM0.04 | x |
| 2019-12-31 | RM0.13 | RM0.04 | x |
| 2020-12-31 | RM0.13 | RM0.04 | x |
| 2021-12-31 | RM0.10 | RM0.04 | x |
| 2022-12-31 | RM0.06 | RM0.04 | x |
| 2023-12-31 | RM0.06 | RM0.04 | x |
| 2024-12-31 | RM0.04 | RM0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BTM Resources 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): -31.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -189.27%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.22x
- Recent ROE (-31.26%) is below the historical average (-24.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.54% | 2.54% | 0.40x | 1.51x | RM-2.23 Million |
| 2017 | -2.84% | -6.43% | 0.31x | 1.42x | RM-3.71 Million |
| 2018 | -9.11% | -16.72% | 0.38x | 1.43x | RM-5.45 Million |
| 2019 | -28.55% | -68.50% | 0.24x | 1.72x | RM-8.71 Million |
| 2020 | -18.97% | -50.18% | 0.22x | 1.74x | RM-6.41 Million |
| 2021 | -32.29% | -75.61% | 0.21x | 2.08x | RM-7.93 Million |
| 2022 | -70.13% | -93.64% | 0.18x | 4.13x | RM-8.83 Million |
| 2023 | -27.10% | -277.68% | 0.07x | 1.33x | RM-27.31 Million |
| 2024 | -31.26% | -189.27% | 0.14x | 1.22x | RM-22.75 Million |
Industry Comparison
This section compares BTM Resources Bhd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $247,878,665
- Average return on equity (ROE) among peers: -5.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BTM Resources Bhd (7188) | RM54.07 Million | 1.54% | 0.20x | $3.73 Million |
| Kanger International Bhd (0170) | $299.84 Million | -50.54% | 0.06x | $5.15 Million |
| Mieco Chipboard Bhd (5001) | $402.71 Million | 11.91% | 0.49x | $31.77 Million |
| NWP Holdings Bhd (5025) | $50.00 Million | -6.00% | 0.12x | $2.92 Million |
| Annum Bhd (5082) | $47.16 Million | -23.54% | 0.45x | $98.68K |
| HeveaBoard Bhd (5095) | $425.80 Million | 2.19% | 0.19x | $8.39 Million |
| Focus Lumber Bhd (5197) | $116.00 Million | 10.34% | 0.14x | $4.46 Million |
| Minho M Bhd (5576) | $374.87 Million | 0.83% | 0.32x | $7.94 Million |
| Golden Pharos Bhd (5649) | $68.39 Million | -9.79% | 0.48x | $1.66 Million |
| Subur Tiasa Holdings Bhd (6904) | $655.00 Million | 5.19% | 0.44x | $4.88 Million |
| Woodlandor Holdings Bhd (7025) | $39.00 Million | 0.00% | 0.51x | $924.70K |