Ni Hsin Resources Bhd
Ni Hsin Group Berhad, an investment holding company, designs, manufactures, and sells stainless steel kitchenware and cookware products in Malaysia, Japan, the United States, Europe, Canada, and the Asia Pacific. It operates through five segments: Cookware; Stainless Steel Products; Food and Beverages; Logistics; and Electric Vehicles. The company provides a range of stainless-steel multi-ply coo… Read more
Ni Hsin Resources Bhd (7215) - Net Assets
Latest net assets as of September 2025: RM90.99 Million MYR
Based on the latest financial reports, Ni Hsin Resources Bhd (7215) has net assets worth RM90.99 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 (RM127.06 Million) and total liabilities (RM36.06 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 | RM90.99 Million |
| % of Total Assets | 71.61% |
| Annual Growth Rate | 3.53% |
| 5-Year Change | 2.8% |
| 10-Year Change | 54.23% |
| Growth Volatility | 9.72 |
Ni Hsin Resources Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Ni Hsin 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 Ni Hsin Resources Bhd (2012–2024)
The table below shows the annual net assets of Ni Hsin Resources Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM91.00 Million | +0.84% |
| 2023-12-31 | RM90.24 Million | -7.89% |
| 2022-12-31 | RM97.97 Million | -3.08% |
| 2021-12-31 | RM101.08 Million | +14.20% |
| 2020-12-31 | RM88.52 Million | +2.32% |
| 2019-12-31 | RM86.51 Million | -6.72% |
| 2018-12-31 | RM92.74 Million | +15.62% |
| 2017-12-31 | RM80.21 Million | +7.64% |
| 2016-12-31 | RM74.52 Million | +26.30% |
| 2015-12-31 | RM59.00 Million | 0.00% |
| 2014-12-31 | RM59.00 Million | -1.67% |
| 2013-12-31 | RM60.00 Million | 0.00% |
| 2012-12-31 | RM60.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ni Hsin 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 75.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM6.47 Million | 7.11% |
| Common Stock | RM84.53 Million | 92.89% |
| Total Equity | RM91.00 Million | 100.00% |
Ni Hsin Resources Bhd Competitors by Market Cap
The table below lists competitors of Ni Hsin Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mannatech Incorporated
NASDAQ:MTEX
|
$5.10 Million |
|
Scandinavian ChemoTech AB Series B
ST:CMOTEC-B
|
$5.10 Million |
|
ANAX Metals Ltd
AU:ANX
|
$5.11 Million |
|
Agereh Technologies Inc
V:AUTO
|
$5.11 Million |
|
DeepSpatial Inc.
PINK:DSAIF
|
$5.10 Million |
|
ARB IOT Group Limited Ordinary Shares
NASDAQ:ARBB
|
$5.10 Million |
|
ALBA SE
F:ABA
|
$5.10 Million |
|
Modelon AB Cl B
ST:MODEL-B
|
$5.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ni Hsin Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 90,238,000 to 90,996,000, a change of 758,000 (0.8%).
- Net loss of 11,195,000 reduced equity.
- Other factors increased equity by 11,953,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-11.20 Million | -12.3% |
| Other Changes | RM11.95 Million | +13.14% |
| Total Change | RM- | 0.84% |
Book Value vs Market Value Analysis
This analysis compares Ni Hsin 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: 0.52x
- 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 0.28x to 0.52x 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 | RM0.32 | RM0.09 | x |
| 2017-12-31 | RM0.31 | RM0.09 | x |
| 2018-12-31 | RM0.29 | RM0.09 | x |
| 2019-12-31 | RM0.27 | RM0.09 | x |
| 2020-12-31 | RM0.28 | RM0.09 | x |
| 2021-12-31 | RM0.21 | RM0.09 | x |
| 2022-12-31 | RM0.19 | RM0.09 | x |
| 2023-12-31 | RM0.17 | RM0.09 | x |
| 2024-12-31 | RM0.17 | RM0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ni Hsin 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): -12.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.75%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.36x
- Recent ROE (-12.30%) is below the historical average (-4.26%), 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 | -6.59% | -12.99% | 0.45x | 1.14x | RM-12.37 Million |
| 2017 | 2.60% | 5.26% | 0.44x | 1.13x | RM-5.94 Million |
| 2018 | 2.34% | 6.53% | 0.32x | 1.11x | RM-7.11 Million |
| 2019 | -7.11% | -19.78% | 0.33x | 1.10x | RM-14.81 Million |
| 2020 | 2.17% | 7.60% | 0.26x | 1.10x | RM-6.93 Million |
| 2021 | -6.33% | -20.88% | 0.26x | 1.16x | RM-16.50 Million |
| 2022 | -5.09% | -14.35% | 0.30x | 1.18x | RM-14.78 Million |
| 2023 | -8.04% | -25.15% | 0.27x | 1.19x | RM-16.28 Million |
| 2024 | -12.30% | -21.75% | 0.42x | 1.36x | RM-20.29 Million |
Industry Comparison
This section compares Ni Hsin Resources 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 |
|---|---|---|---|---|
| Ni Hsin Resources Bhd (7215) | RM90.99 Million | -6.59% | 0.40x | $5.10 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 |