TAFI Industries Bhd
TAFI Industries Berhad, together with its subsidiaries, manufactures and trades in wood-based home and office furniture products in Malaysia and internationally. It operates in five segments: Furniture Products; Construction; Property Development; Trading; and Others. The company offers home furniture products for living rooms, bedrooms, and study rooms; project-based furniture and related produc… Read more
TAFI Industries Bhd (7211) - Net Assets
Latest net assets as of September 2025: RM107.76 Million MYR
Based on the latest financial reports, TAFI Industries Bhd (7211) has net assets worth RM107.76 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 (RM364.68 Million) and total liabilities (RM256.92 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 | RM107.76 Million |
| % of Total Assets | 29.55% |
| Annual Growth Rate | 4.52% |
| 5-Year Change | 213.22% |
| 10-Year Change | 67.15% |
| Growth Volatility | 31.42 |
TAFI Industries Bhd - Net Assets Trend (2012–2024)
This chart illustrates how TAFI Industries 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 TAFI Industries Bhd (2012–2024)
The table below shows the annual net assets of TAFI Industries Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM98.62 Million | +22.96% |
| 2023-12-31 | RM80.20 Million | +0.92% |
| 2022-12-31 | RM79.47 Million | +24.30% |
| 2021-12-31 | RM63.93 Million | +103.06% |
| 2020-12-31 | RM31.49 Million | -23.08% |
| 2019-12-31 | RM40.93 Million | -8.10% |
| 2018-12-31 | RM44.54 Million | -9.39% |
| 2017-12-31 | RM49.16 Million | -5.79% |
| 2016-12-31 | RM52.18 Million | -11.56% |
| 2015-12-31 | RM59.00 Million | 0.00% |
| 2014-12-31 | RM59.00 Million | +1.72% |
| 2013-12-31 | RM58.00 Million | 0.00% |
| 2012-12-31 | RM58.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TAFI Industries 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 132.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM24.19 Million | 24.53% |
| Common Stock | RM74.23 Million | 75.26% |
| Other Components | RM201.40K | 0.20% |
| Total Equity | RM98.62 Million | 100.00% |
TAFI Industries Bhd Competitors by Market Cap
The table below lists competitors of TAFI Industries Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coal Energy S.A.
WAR:CLE
|
$11.52 Million |
|
Zaklady Magnezytowe Ropczyce S.A.
WAR:RPC
|
$11.53 Million |
|
Unisync Corp
PINK:USYNF
|
$11.54 Million |
|
EP Manufacturing Bhd
KLSE:7773
|
$11.54 Million |
|
FatPipe, Inc. Common Stock
NASDAQ:FATN
|
$11.52 Million |
|
Lucent, Inc.
OTCQB:LUCN
|
$11.52 Million |
|
Bioqual Inc
PINK:BIOQ
|
$11.52 Million |
|
US NeuroSurgical Holdings Inc
PINK:USNU
|
$11.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TAFI Industries Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 80,202,390 to 98,618,700, a change of 18,416,310 (23.0%).
- Net income of 24,453,030 contributed positively to equity growth.
- Share repurchases of 10,321,120 reduced equity.
- Other factors increased equity by 4,284,400.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM24.45 Million | +24.8% |
| Share Repurchases | RM10.32 Million | -10.47% |
| Other Changes | RM4.28 Million | +4.34% |
| Total Change | RM- | 22.96% |
Book Value vs Market Value Analysis
This analysis compares TAFI Industries 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: 2.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.84x to 2.35x 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 | RM0.21 | RM0.61 | x |
| 2017-12-31 | RM0.20 | RM0.61 | x |
| 2018-12-31 | RM0.18 | RM0.61 | x |
| 2019-12-31 | RM0.17 | RM0.61 | x |
| 2020-12-31 | RM0.13 | RM0.61 | x |
| 2021-12-31 | RM0.17 | RM0.61 | x |
| 2022-12-31 | RM0.21 | RM0.61 | x |
| 2023-12-31 | RM0.21 | RM0.61 | x |
| 2024-12-31 | RM0.26 | RM0.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TAFI Industries 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): 24.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.90%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 3.40x
- Recent ROE (24.80%) is above the historical average (-2.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -12.02% | -24.03% | 0.42x | 1.20x | RM-11.49 Million |
| 2017 | -6.15% | -10.89% | 0.50x | 1.14x | RM-7.94 Million |
| 2018 | -10.36% | -20.15% | 0.43x | 1.20x | RM-9.07 Million |
| 2019 | -9.31% | -14.01% | 0.54x | 1.24x | RM-7.90 Million |
| 2020 | -30.01% | -32.15% | 0.67x | 1.39x | RM-12.60 Million |
| 2021 | 8.59% | 12.62% | 0.57x | 1.19x | RM-900.46K |
| 2022 | 12.63% | 13.78% | 0.67x | 1.38x | RM2.09 Million |
| 2023 | 0.91% | 1.06% | 0.36x | 2.40x | RM-7.29 Million |
| 2024 | 24.80% | 10.90% | 0.67x | 3.40x | RM14.59 Million |
Industry Comparison
This section compares TAFI Industries Bhd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $252,688,499
- Average return on equity (ROE) among peers: 16.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TAFI Industries Bhd (7211) | RM107.76 Million | -12.02% | 2.38x | $11.52 Million |
| Wegmans Holdings Berhad (0197) | $72.96 Million | 17.10% | 0.67x | $1.67 Million |
| Spring Art Holdings Bhd (0216) | $93.77 Million | 9.85% | 0.25x | $2.92 Million |
| Mobilia Holdings Bhd (0229) | $32.23 Million | 26.85% | 1.30x | $2.54 Million |
| Synergy House Berhad (0279) | $34.35 Million | 41.88% | 2.25x | $4.11 Million |
| Topmix Berhad (0302) | $21.57 Million | 20.48% | 1.42x | $8.71 Million |
| Sorento Capital Berhad (0326) | $143.13 Million | 18.33% | 0.37x | $1.42K |
| FACB Industries Incorporated (2984) | $217.85 Million | 0.55% | 0.10x | $7.48 Million |
| Panasonic Manufacture Malaysia (3719) | $718.00 Million | 13.93% | 0.26x | $43.73 Million |
| Evergreen Fibreboard Bhd (5101) | $1.04 Billion | 3.31% | 0.37x | $10.40 Million |
| Homeritz Corporation Bhd (5160) | $155.54 Million | 14.22% | 0.13x | $9.76 Million |