MESB Bhd (7234) - Net Assets
Based on the latest financial reports, MESB Bhd (7234) has net assets worth RM217.17 Million MYR (≈ $54.52 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM283.24 Million ≈ $71.11 Million USD) and total liabilities (RM66.07 Million ≈ $16.59 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 how strategically is MESB Bhd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM217.17 Million |
| % of Total Assets | 76.67% |
| Annual Growth Rate | 9.47% |
| 5-Year Change | 140.44% |
| 10-Year Change | 167.04% |
| Growth Volatility | 17.25 |
MESB Bhd - Net Assets Trend (2013–2026)
This chart illustrates how MESB Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of MESB Bhd.
Annual Net Assets for MESB Bhd (2013–2026)
The table below shows the annual net assets of MESB Bhd from 2013 to 2026. Also explore 7234 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | RM217.17 Million ≈ $54.52 Million |
+31.18% |
| 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 |
-- |
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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM173.15 Million | 100.00% |
| Total Equity | RM173.15 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 |
|---|---|
|
Country Club Hospitality & Holidays Limited
NSE:CCHHL
|
$21.53 Million |
|
Dyandra Media International PT
JK:DYAN
|
$21.53 Million |
|
Blossom M&C Co. Ltd
KQ:263920
|
$21.54 Million |
|
Environmental Group Ltd (the)
AU:EGL
|
$21.54 Million |
|
Rimfire Pacific Mining Ltd
AU:RIM
|
$21.53 Million |
|
ALUMEXX N.V. NAM. EO-10
F:NE8F
|
$21.53 Million |
|
Scidev Ltd
AU:SDV
|
$21.52 Million |
|
Medipharm Labs Corp
TO:LABS
|
$21.51 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 2025 to 2026, total equity changed from 121,876,000 to 173,154,000, a change of 51,278,000 (42.1%).
- Net loss of 13,710,000 reduced equity.
- Other factors increased equity by 64,988,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-13.71 Million | -7.92% |
| Other Changes | RM64.99 Million | +37.53% |
| Total Change | RM- | 42.07% |
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: 0.34x
- 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 0.21x to 0.34x 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 | RM0.29 | x |
| 2017-03-31 | RM1.29 | RM0.29 | x |
| 2018-03-31 | RM1.03 | RM0.29 | x |
| 2019-03-31 | RM1.12 | RM0.29 | x |
| 2020-03-31 | RM0.76 | RM0.29 | x |
| 2021-03-31 | RM0.77 | RM0.29 | x |
| 2022-03-31 | RM0.80 | RM0.29 | x |
| 2023-03-31 | RM0.74 | RM0.29 | x |
| 2024-03-31 | RM0.81 | RM0.29 | x |
| 2025-03-31 | RM0.84 | RM0.29 | 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): -7.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.77%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.64x
- Recent ROE (-7.92%) is below the historical average (-0.27%), suggesting potential challenges in 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 |
| 2026 | -7.92% | -16.77% | 0.29x | 1.64x | RM-31.03 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: $447,600,000
- Average return on equity (ROE) among peers: 20.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MESB Bhd (7234) | RM217.17 Million | 1.21% | 0.30x | $21.53 Million |
| Padini Holdings Bhd (7052) | $653.20 Million | 27.28% | 0.41x | $257.68 Million |
| Asia Brands Bhd (7722) | $242.00 Million | 12.81% | 0.90x | $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