Tek Seng Holdings Bhd
Tek Seng Holdings Berhad, an investment holding company, manufactures and trades in polyvinyl chloride (PVC) related products and polypropylene (PP) non-woven products. It operates through three segments: Polyvinyl Chloride, Photovoltaic Solar, and Property Investment. The company offers PVC flooring, foam sheeting, sheeting, table cloths, car mat, leather, and tarpaulin products for various indu… Read more
Tek Seng Holdings Bhd (7200) - Net Assets
Latest net assets as of September 2025: RM289.12 Million MYR
Based on the latest financial reports, Tek Seng Holdings Bhd (7200) has net assets worth RM289.12 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 (RM337.06 Million) and total liabilities (RM47.94 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 | RM289.12 Million |
| % of Total Assets | 85.78% |
| Annual Growth Rate | 5.11% |
| 5-Year Change | 11.51% |
| 10-Year Change | -16.66% |
| Growth Volatility | 24.33 |
Tek Seng Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Tek Seng Holdings 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 Tek Seng Holdings Bhd (2012–2024)
The table below shows the annual net assets of Tek Seng Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM240.01 Million | +2.85% |
| 2023-12-31 | RM233.36 Million | +2.93% |
| 2022-12-31 | RM226.73 Million | +2.98% |
| 2021-12-31 | RM220.18 Million | +2.30% |
| 2020-12-31 | RM215.22 Million | +15.35% |
| 2019-12-31 | RM186.58 Million | -8.50% |
| 2018-12-31 | RM203.92 Million | -20.43% |
| 2017-12-31 | RM256.29 Million | +8.38% |
| 2016-12-31 | RM236.49 Million | -17.89% |
| 2015-12-31 | RM288.00 Million | +77.78% |
| 2014-12-31 | RM162.00 Million | +23.66% |
| 2013-12-31 | RM131.00 Million | -0.76% |
| 2012-12-31 | RM132.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tek Seng 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 0.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM125.00 Million | 52.08% |
| Common Stock | RM115.00 Million | 47.92% |
| Total Equity | RM240.01 Million | 100.00% |
Tek Seng Holdings Bhd Competitors by Market Cap
The table below lists competitors of Tek Seng Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank Mnc Internasional Tbk
JK:BABP
|
$7.22 Million |
|
Glunz & Jensen
CO:GJ
|
$7.22 Million |
|
ASM INT
MU:AVS
|
$7.23 Million |
|
Oka Corporation Bhd
KLSE:7140
|
$7.23 Million |
|
Shin Hwa Silup
KO:001770
|
$7.22 Million |
|
FOTRF
OTCGREY:FOTRF
|
$7.22 Million |
|
Medirom Healthcare Technologies Inc
NASDAQ:MRM
|
$7.22 Million |
|
ECA
KLSE:0267
|
$7.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tek Seng Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 233,361,760 to 240,006,850, a change of 6,645,090 (2.8%).
- Net income of 8,448,430 contributed positively to equity growth.
- Dividend payments of 1,803,340 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM8.45 Million | +3.52% |
| Dividends Paid | RM1.80 Million | -0.75% |
| Total Change | RM- | 2.85% |
Book Value vs Market Value Analysis
This analysis compares Tek Seng 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: 0.33x
- 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 | RM0.68 | RM0.22 | x |
| 2017-12-31 | RM0.74 | RM0.22 | x |
| 2018-12-31 | RM0.59 | RM0.22 | x |
| 2019-12-31 | RM0.53 | RM0.22 | x |
| 2020-12-31 | RM0.60 | RM0.22 | x |
| 2021-12-31 | RM0.61 | RM0.22 | x |
| 2022-12-31 | RM0.63 | RM0.22 | x |
| 2023-12-31 | RM0.65 | RM0.22 | x |
| 2024-12-31 | RM0.67 | RM0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tek Seng 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): 3.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.39%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.42x
- Recent ROE (3.52%) is above the historical average (2.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 13.19% | 7.13% | 0.80x | 2.30x | RM7.54 Million |
| 2017 | 9.09% | 8.15% | 0.66x | 1.70x | RM-2.34 Million |
| 2018 | -23.88% | -26.46% | 0.60x | 1.51x | RM-69.08 Million |
| 2019 | -8.71% | -9.42% | 0.62x | 1.50x | RM-34.91 Million |
| 2020 | 12.74% | 14.35% | 0.62x | 1.43x | RM5.89 Million |
| 2021 | 8.39% | 10.20% | 0.58x | 1.42x | RM-3.55 Million |
| 2022 | 4.48% | 5.57% | 0.58x | 1.40x | RM-12.51 Million |
| 2023 | 2.84% | 4.34% | 0.47x | 1.41x | RM-16.70 Million |
| 2024 | 3.52% | 5.39% | 0.46x | 1.42x | RM-15.55 Million |
Industry Comparison
This section compares Tek Seng Holdings Bhd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $232,465,283
- Average return on equity (ROE) among peers: 1.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tek Seng Holdings Bhd (7200) | RM289.12 Million | 13.19% | 0.17x | $7.22 Million |
| Yoong Onn Corporation Bhd (5159) | $332.01 Million | 9.55% | 0.21x | $12.87 Million |
| Prg Holdings Bhd (7168) | $150.56 Million | -1.23% | 1.43x | $4.42 Million |
| Kamdar Group (Malaysia) Bhd (8672) | $214.83 Million | -5.01% | 0.26x | $595.92K |