Resintech Bhd (7232) - Net Assets
Based on the latest financial reports, Resintech Bhd (7232) has net assets worth RM218.47 Million MYR (≈ $54.85 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 (RM338.25 Million ≈ $84.92 Million USD) and total liabilities (RM119.78 Million ≈ $30.07 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 Resintech Bhd (7232) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM218.47 Million |
| % of Total Assets | 64.59% |
| Annual Growth Rate | 7.68% |
| 5-Year Change | 28.68% |
| 10-Year Change | 72.16% |
| Growth Volatility | 9.22 |
Resintech Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Resintech Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Resintech Bhd total assets for the complete picture of this company's asset base.
Annual Net Assets for Resintech Bhd (2013–2025)
The table below shows the annual net assets of Resintech Bhd from 2013 to 2025. For live valuation and market cap data, see 7232 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM211.39 Million ≈ $53.07 Million |
+17.22% |
| 2024-03-31 | RM180.34 Million ≈ $45.28 Million |
+3.59% |
| 2023-03-31 | RM174.08 Million ≈ $43.71 Million |
-0.25% |
| 2022-03-31 | RM174.51 Million ≈ $43.81 Million |
+6.23% |
| 2021-03-31 | RM164.28 Million ≈ $41.25 Million |
+0.91% |
| 2020-03-31 | RM162.80 Million ≈ $40.87 Million |
+17.18% |
| 2019-03-31 | RM138.93 Million ≈ $34.88 Million |
+3.20% |
| 2018-03-31 | RM134.62 Million ≈ $33.80 Million |
+4.04% |
| 2017-03-31 | RM129.40 Million ≈ $32.49 Million |
+5.39% |
| 2016-03-31 | RM122.78 Million ≈ $30.83 Million |
+0.64% |
| 2015-03-31 | RM122.00 Million ≈ $30.63 Million |
+32.61% |
| 2014-03-31 | RM92.00 Million ≈ $23.10 Million |
+5.75% |
| 2013-03-31 | RM87.00 Million ≈ $21.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Resintech 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 243.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM73.46 Million | 34.75% |
| Common Stock | RM76.00 Million | 35.95% |
| Other Components | RM61.92 Million | 29.29% |
| Total Equity | RM211.39 Million | 100.00% |
Resintech Bhd Competitors by Market Cap
The table below lists competitors of Resintech Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KR Motors Co. Ltd.
KO:000040
|
$22.47 Million |
|
YSX Tech. Co., Ltd Class A Ordinary Shares
NASDAQ:YSXT
|
$22.48 Million |
|
FibroBiologics, Inc. Common Stock
NASDAQ:FBLG
|
$22.48 Million |
|
BoomBit S.A
WAR:BBT
|
$22.48 Million |
|
KONG SUN (BL25000)
F:KOJ5
|
$22.45 Million |
|
Jiyuan Packaging Holdings Ltd
TW:8488
|
$22.44 Million |
|
Chonburi Concrete Product Public Company Limited
BK:CCP
|
$22.43 Million |
|
Devonian Health Group Inc
V:GSD
|
$22.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Resintech Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 180,335,000 to 211,389,000, a change of 31,054,000 (17.2%).
- Net income of 11,283,000 contributed positively to equity growth.
- Other factors increased equity by 19,771,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM11.28 Million | +5.34% |
| Other Changes | RM19.77 Million | +9.35% |
| Total Change | RM- | 17.22% |
Book Value vs Market Value Analysis
This analysis compares Resintech 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: 0.42x
- 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 decreased from 0.65x to 0.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.71 | RM0.46 | x |
| 2018-03-31 | RM0.74 | RM0.46 | x |
| 2019-03-31 | RM0.76 | RM0.46 | x |
| 2020-03-31 | RM0.89 | RM0.46 | x |
| 2021-03-31 | RM0.90 | RM0.46 | x |
| 2022-03-31 | RM0.89 | RM0.46 | x |
| 2023-03-31 | RM0.89 | RM0.46 | x |
| 2024-03-31 | RM0.93 | RM0.46 | x |
| 2025-03-31 | RM1.09 | RM0.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Resintech 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): 5.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.02%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.50x
- Recent ROE (5.34%) is above the historical average (3.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.53% | 5.61% | 0.47x | 1.34x | RM-7.95 Million |
| 2017 | 6.74% | 11.23% | 0.45x | 1.33x | RM-4.22 Million |
| 2018 | 1.40% | 2.47% | 0.41x | 1.37x | RM-11.58 Million |
| 2019 | 2.52% | 4.13% | 0.45x | 1.36x | RM-10.39 Million |
| 2020 | 2.46% | 5.03% | 0.37x | 1.31x | RM-12.27 Million |
| 2021 | 3.57% | 7.45% | 0.35x | 1.36x | RM-10.56 Million |
| 2022 | 2.93% | 6.34% | 0.32x | 1.44x | RM-12.34 Million |
| 2023 | 0.58% | 1.11% | 0.35x | 1.47x | RM-16.41 Million |
| 2024 | 3.34% | 5.68% | 0.41x | 1.42x | RM-12.02 Million |
| 2025 | 5.34% | 9.02% | 0.39x | 1.50x | RM-9.86 Million |
Industry Comparison
This section compares Resintech Bhd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $236,591,316
- Average return on equity (ROE) among peers: 5.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Resintech Bhd (7232) | RM218.47 Million | 3.53% | 0.55x | $22.45 Million |
| Econframe Bhd (0227) | $21.48 Million | 23.72% | 0.39x | $25.09 Million |
| Chuan Huat Resources Bhd (7016) | $265.43 Million | 3.76% | 0.94x | $9.32 Million |
| Seacera Group Bhd (7073) | $707.60 Million | 0.94% | 0.21x | $9.37 Million |
| AbleGroup Bhd (7086) | $45.83 Million | -1.90% | 0.08x | $3.98 Million |
| United U Li Corporation Bhd (7133) | $285.28 Million | 6.71% | 0.28x | $80.93 Million |
| CSH Alliance Bhd (7165) | $45.00 Million | 0.00% | 1.07x | $13.87 Million |
| Superlon Holdings Bhd (7235) | $135.77 Million | 9.70% | 0.22x | $26.08 Million |
| Ajiya Bhd (7609) | $367.08 Million | 4.77% | 0.32x | $136.97 Million |
| KPS Consortium Bhd (9121) | $255.85 Million | 4.87% | 0.91x | $26.33 Million |
About Resintech Bhd
Resintech Berhad, an investment holding company, designs, manufactures, trades, and markets uPVC and polyethylene products in Malaysia, Indonesia, Cambodia, Singapore, and internationally. The company offers polyethylene, polypropylene, acrylonitrile-butadiene-styrene pipes, tanks, and fittings; and corrugated pipes and fittings for sewerage discharge application, drainage and irrigation, undergr… Read more