MESB Bhd (7234) - Net Assets
Based on the latest financial reports, MESB Bhd (7234) has net assets worth RM163.56 Million MYR (≈ $41.07 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM189.23 Million ≈ $47.51 Million USD) and total liabilities (RM25.66 Million ≈ $6.44 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 7234 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM163.56 Million |
| % of Total Assets | 86.44% |
| Annual Growth Rate | 7.83% |
| 5-Year Change | 102.29% |
| 10-Year Change | 97.19% |
| Growth Volatility | 16.88 |
MESB Bhd - Net Assets Trend (2013–2025)
This chart illustrates how MESB Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 7234 total assets for the complete picture of this company's asset base.
Annual Net Assets for MESB Bhd (2013–2025)
The table below shows the annual net assets of MESB Bhd from 2013 to 2025. For live valuation and market cap data, see MESB Bhd (7234) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM165.55 Million ≈ $41.57 Million |
+4.04% |
| 2024-03-31 | RM159.12 Million ≈ $39.95 Million |
+49.00% |
| 2023-03-31 | RM106.79 Million ≈ $26.81 Million |
+18.24% |
| 2022-03-31 | RM90.32 Million ≈ $22.68 Million |
+10.36% |
| 2021-03-31 | RM81.84 Million ≈ $20.55 Million |
+18.36% |
| 2020-03-31 | RM69.14 Million ≈ $17.36 Million |
-24.85% |
| 2019-03-31 | RM92.01 Million ≈ $23.10 Million |
+8.91% |
| 2018-03-31 | RM84.48 Million ≈ $21.21 Million |
+3.88% |
| 2017-03-31 | RM81.33 Million ≈ $20.42 Million |
-3.13% |
| 2016-03-31 | RM83.95 Million ≈ $21.08 Million |
+1.15% |
| 2015-03-31 | RM83.00 Million ≈ $20.84 Million |
+1.22% |
| 2014-03-31 | RM82.00 Million ≈ $20.59 Million |
+22.39% |
| 2013-03-31 | RM67.00 Million ≈ $16.82 Million |
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Equity Component Analysis
This analysis shows how different components contribute to MESB 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 26.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM51.97 Million | 42.64% |
| Other Components | RM69.91 Million | 57.36% |
| Total Equity | RM121.88 Million | 100.00% |
MESB Bhd Competitors by Market Cap
The table below lists competitors of MESB Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pacific Ridge Exploration Ltd
V:PEX
|
$9.06 Million |
|
Kwang Hee Self-Administered Real Estate
KO:140910
|
$9.07 Million |
|
Resources & Energy Group Ltd
AU:REZ
|
$9.07 Million |
|
Oncozenge AB
ST:ONCOZ
|
$9.07 Million |
|
Auga Group AB
STU:W9Z
|
$9.06 Million |
|
Domino’s Pizza Group PLC
LSE:DOM
|
$9.05 Million |
|
CARTIER SILVER CORP
F:2CI0
|
$9.05 Million |
|
Noviqtech Ltd
AU:NVQ
|
$9.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MESB Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 117,100,000 to 121,876,000, a change of 4,776,000 (4.1%).
- Net income of 4,776,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM4.78 Million | +3.92% |
| Total Change | RM- | 4.08% |
Book Value vs Market Value Analysis
This analysis compares MESB 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: 0.30x
- 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 0.19x to 0.30x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-03-31 | RM1.33 | RM0.25 | x |
| 2017-03-31 | RM1.29 | RM0.25 | x |
| 2018-03-31 | RM1.03 | RM0.25 | x |
| 2019-03-31 | RM1.12 | RM0.25 | x |
| 2020-03-31 | RM0.76 | RM0.25 | x |
| 2021-03-31 | RM0.77 | RM0.25 | x |
| 2022-03-31 | RM0.80 | RM0.25 | x |
| 2023-03-31 | RM0.74 | RM0.25 | x |
| 2024-03-31 | RM0.81 | RM0.25 | x |
| 2025-03-31 | RM0.84 | RM0.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MESB 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): 3.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.30%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.60x
- Recent ROE (3.92%) is above the historical average (0.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 1.21% | 1.15% | 0.81x | 1.30x | RM-7.26 Million |
| 2016 | 1.59% | 1.25% | 0.82x | 1.55x | RM-7.06 Million |
| 2017 | -3.23% | -1.94% | 1.01x | 1.64x | RM-10.76 Million |
| 2018 | -7.15% | -4.32% | 1.08x | 1.53x | RM-14.49 Million |
| 2019 | 8.18% | 3.22% | 1.48x | 1.72x | RM-1.67 Million |
| 2020 | -38.72% | -18.11% | 1.11x | 1.92x | RM-33.69 Million |
| 2021 | 11.24% | 6.74% | 0.93x | 1.80x | RM1.02 Million |
| 2022 | 7.38% | 4.21% | 1.05x | 1.67x | RM-2.36 Million |
| 2023 | 11.42% | 7.66% | 0.91x | 1.63x | RM1.52 Million |
| 2024 | 8.80% | 5.50% | 1.04x | 1.54x | RM-1.40 Million |
| 2025 | 3.92% | 2.30% | 1.06x | 1.60x | RM-7.41 Million |
Industry Comparison
This section compares MESB Bhd's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $139,462,548
- Average return on equity (ROE) among peers: 8.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MESB Bhd (7234) | RM163.56 Million | 1.21% | 0.16x | $9.06 Million |
| Padini Holdings Bhd (7052) | $86.93 Million | 7.29% | 0.23x | $364.22 Million |
| Asia Brands Bhd (7722) | $192.00 Million | 8.85% | 1.39x | $32.13 Million |
About MESB Bhd
Lotus Circular Berhad an investment holding company, engages in trading and retailing of leather products and apparel in Malaysia. It offers ladies' handbags and wallets; gents' leatherware, small leather goods, and accessories; and apparel for men and children. The company also holds licenses to design, source, and market brands, such as Alain Delon, Pierre Cardin, Crocodile, and Féraud, as well… Read more