Tek Seng Holdings Bhd (7200) - Net Assets
Based on the latest financial reports, Tek Seng Holdings Bhd (7200) has net assets worth RM291.74 Million MYR (≈ $73.25 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM340.82 Million ≈ $85.57 Million USD) and total liabilities (RM49.08 Million ≈ $12.32 Million USD). 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. Check tangible equity quality of Tek Seng Holdings Bhd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM291.74 Million |
| % of Total Assets | 85.6% |
| Annual Growth Rate | 6.29% |
| 5-Year Change | 32.5% |
| 10-Year Change | 23.37% |
| Growth Volatility | 23.68 |
Tek Seng Holdings Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Tek Seng Holdings Bhd's net assets have evolved over time, based on quarterly financial data. See 7200 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tek Seng Holdings Bhd (2012–2025)
The table below shows the annual net assets of Tek Seng Holdings Bhd from 2012 to 2025. For live valuation and market cap data, see 7200 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM291.74 Million ≈ $73.25 Million |
+21.56% |
| 2024-12-31 | RM240.01 Million ≈ $60.26 Million |
+2.85% |
| 2023-12-31 | RM233.36 Million ≈ $58.59 Million |
+2.93% |
| 2022-12-31 | RM226.73 Million ≈ $56.92 Million |
+2.98% |
| 2021-12-31 | RM220.18 Million ≈ $55.28 Million |
+2.30% |
| 2020-12-31 | RM215.22 Million ≈ $54.04 Million |
+15.35% |
| 2019-12-31 | RM186.58 Million ≈ $46.84 Million |
-8.50% |
| 2018-12-31 | RM203.92 Million ≈ $51.20 Million |
-20.43% |
| 2017-12-31 | RM256.29 Million ≈ $64.35 Million |
+8.38% |
| 2016-12-31 | RM236.49 Million ≈ $59.37 Million |
-17.89% |
| 2015-12-31 | RM288.00 Million ≈ $72.31 Million |
+77.78% |
| 2014-12-31 | RM162.00 Million ≈ $40.67 Million |
+23.66% |
| 2013-12-31 | RM131.00 Million ≈ $32.89 Million |
-0.76% |
| 2012-12-31 | RM132.00 Million ≈ $33.14 Million |
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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 6.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM132.22 Million | 53.48% |
| Other Components | RM115.00 Million | 46.52% |
| Total Equity | RM247.22 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 |
|---|---|
|
VARIOUS EATERIES LS -01
F:63U
|
$23.11 Million |
|
OCB Bhd
KLSE:5533
|
$23.11 Million |
|
ED Invest S.A.
WAR:EDI
|
$23.12 Million |
|
Maheshwari Logistics Limited
NSE:MAHESHWARI
|
$23.13 Million |
|
Fantasia Holdings Group Co. Limited
F:FT7
|
$23.09 Million |
|
Acco Group Holdings Limited Ordinary Shares
NASDAQ:ACCL
|
$23.07 Million |
|
Hermana Holding ASA
OL:HERMA
|
$23.07 Million |
|
Longeveron LLC
NASDAQ:LGVN
|
$23.07 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 2024 to 2025, total equity changed from 240,006,850 to 247,217,000, a change of 7,210,150 (3.0%).
- Net income of 10,817,000 contributed positively to equity growth.
- Dividend payments of 3,607,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM10.82 Million | +4.38% |
| Dividends Paid | RM3.61 Million | -1.46% |
| Other Changes | RM150.00 | +0.0% |
| Total Change | RM- | 3.00% |
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: 0.37x
- 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 | RM0.26 | x |
| 2017-12-31 | RM0.74 | RM0.26 | x |
| 2018-12-31 | RM0.59 | RM0.26 | x |
| 2019-12-31 | RM0.53 | RM0.26 | x |
| 2020-12-31 | RM0.60 | RM0.26 | x |
| 2021-12-31 | RM0.61 | RM0.26 | x |
| 2022-12-31 | RM0.63 | RM0.26 | x |
| 2023-12-31 | RM0.65 | RM0.26 | x |
| 2024-12-31 | RM0.67 | RM0.26 | x |
| 2025-12-31 | RM0.69 | RM0.26 | 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): 4.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.10%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.38x
- Recent ROE (4.38%) is above the historical average (2.60%), 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 |
| 2025 | 4.38% | 7.10% | 0.45x | 1.38x | RM-13.90 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: $161,427,523
- Average return on equity (ROE) among peers: 2.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tek Seng Holdings Bhd (7200) | RM291.74 Million | 13.19% | 0.17x | $23.09 Million |
| Yoong Onn Corporation Bhd (5159) | $110.41 Million | 16.58% | 0.19x | $59.75 Million |
| Prg Holdings Bhd (7168) | $159.69 Million | -7.12% | 1.92x | $11.64 Million |
| Kamdar Group (Malaysia) Bhd (8672) | $214.18 Million | -2.58% | 0.38x | $10.19 Million |
About 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