Ewein Bhd (7249) - Net Assets
Based on the latest financial reports, Ewein Bhd (7249) has net assets worth RM284.60 Million MYR (≈ $71.45 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 (RM484.90 Million ≈ $121.74 Million USD) and total liabilities (RM200.30 Million ≈ $50.29 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 tangible net worth ratio of Ewein Bhd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM284.60 Million |
| % of Total Assets | 58.69% |
| Annual Growth Rate | 10.57% |
| 5-Year Change | 7.11% |
| 10-Year Change | 110.55% |
| Growth Volatility | 12.59 |
Ewein Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Ewein Bhd's net assets have evolved over time, based on quarterly financial data. See Ewein Bhd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ewein Bhd (2012–2024)
The table below shows the annual net assets of Ewein Bhd from 2012 to 2024. For live valuation and market cap data, see market value of Ewein Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM273.71 Million ≈ $68.72 Million |
+9.27% |
| 2023-12-31 | RM250.49 Million ≈ $62.89 Million |
+0.45% |
| 2022-12-31 | RM249.37 Million ≈ $62.61 Million |
-0.88% |
| 2021-12-31 | RM251.59 Million ≈ $63.17 Million |
-1.54% |
| 2020-12-31 | RM255.54 Million ≈ $64.16 Million |
-2.34% |
| 2019-12-31 | RM261.67 Million ≈ $65.70 Million |
+13.51% |
| 2018-12-31 | RM230.53 Million ≈ $57.88 Million |
+21.47% |
| 2017-12-31 | RM189.79 Million ≈ $47.65 Million |
+34.24% |
| 2016-12-31 | RM141.38 Million ≈ $35.50 Million |
+8.75% |
| 2015-12-31 | RM130.00 Million ≈ $32.64 Million |
+17.12% |
| 2014-12-31 | RM111.00 Million ≈ $27.87 Million |
+33.73% |
| 2013-12-31 | RM83.00 Million ≈ $20.84 Million |
+1.22% |
| 2012-12-31 | RM82.00 Million ≈ $20.59 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ewein 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 146.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM98.06 Million | 35.71% |
| Common Stock | RM175.08 Million | 63.76% |
| Other Components | RM1.47 Million | 0.53% |
| Total Equity | RM274.60 Million | 100.00% |
Ewein Bhd Competitors by Market Cap
The table below lists competitors of Ewein Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ESTsoft Corp
KQ:047560
|
$48.34 Million |
|
Moberg Pharma AB (publ)
ST:MOB
|
$48.35 Million |
|
Taewoong Logistics Co.Ltd
KQ:124560
|
$48.36 Million |
|
Ralco Agencies Ltd
TA:RLCO
|
$48.38 Million |
|
Dongbang Agro
KO:007590
|
$48.34 Million |
|
Sumas Suni Tahta ve Mobilya Sanayi AS
IS:SUMAS
|
$48.34 Million |
|
Yufo Electronics Co Ltd
TWO:6194
|
$48.32 Million |
|
Zaigle Co. Ltd
KQ:234920
|
$48.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ewein Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 250,487,509 to 274,603,000, a change of 24,115,491 (9.6%).
- Net income of 5,641,000 contributed positively to equity growth.
- Share repurchases of 4,177,000 reduced equity.
- Other factors increased equity by 22,651,491.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM5.64 Million | +2.05% |
| Share Repurchases | RM4.18 Million | -1.52% |
| Other Changes | RM22.65 Million | +8.25% |
| Total Change | RM- | 9.63% |
Book Value vs Market Value Analysis
This analysis compares Ewein 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: 0.64x
- 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 1.06x to 0.64x 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 | RM0.54 | RM0.58 | x |
| 2017-12-31 | RM0.59 | RM0.58 | x |
| 2018-12-31 | RM0.73 | RM0.58 | x |
| 2019-12-31 | RM0.86 | RM0.58 | x |
| 2020-12-31 | RM0.85 | RM0.58 | x |
| 2021-12-31 | RM0.83 | RM0.58 | x |
| 2022-12-31 | RM0.83 | RM0.58 | x |
| 2023-12-31 | RM0.83 | RM0.58 | x |
| 2024-12-31 | RM0.90 | RM0.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ewein 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): 2.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.52%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.52x
- Recent ROE (2.05%) is below the historical average (5.66%), 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 | 8.14% | 16.42% | 0.18x | 2.72x | RM-2.62 Million |
| 2017 | 2.69% | 5.19% | 0.26x | 2.02x | RM-13.87 Million |
| 2018 | 16.94% | 19.77% | 0.45x | 1.91x | RM15.99 Million |
| 2019 | 14.45% | 15.86% | 0.54x | 1.69x | RM11.65 Million |
| 2020 | 3.81% | 5.02% | 0.53x | 1.43x | RM-15.83 Million |
| 2021 | 2.63% | 6.76% | 0.31x | 1.25x | RM-18.55 Million |
| 2022 | -0.22% | -1.16% | 0.17x | 1.14x | RM-25.48 Million |
| 2023 | 0.45% | 2.91% | 0.12x | 1.29x | RM-23.93 Million |
| 2024 | 2.05% | 8.52% | 0.16x | 1.52x | RM-21.82 Million |
Industry Comparison
This section compares Ewein Bhd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $581,171,362
- Average return on equity (ROE) among peers: 2.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ewein Bhd (7249) | RM284.60 Million | 8.14% | 0.70x | $48.34 Million |
| Vinvest Capital Holdings Bhd (0069) | $447.72 Million | -15.35% | 0.28x | $7.30 Million |
| Gagasan Nadi Cergas Berhad (0206) | $353.32 Million | 14.08% | 1.48x | $66.17 Million |
| Vestland Berhad (0273) | $191.98 Million | 20.06% | 2.72x | $137.51 Million |
| Global Oriental Bhd (1147) | $272.14 Million | -10.14% | 2.59x | $11.42 Million |
| Pan Malaysia Holdings Bhd (1287) | $29.94 Million | -0.21% | 0.72x | $224.46 Million |
| GuocoLand (Malaysia) Bhd (1503) | $1.29 Billion | -2.53% | 1.20x | $183.34 Million |
| Symphony Life Bhd (1538) | $881.09 Million | 7.09% | 0.66x | $31.45 Million |
| Iskandar Waterfront City Bhd (1589) | $553.00 Million | 1.27% | 1.39x | $49.72 Million |
| Paramount Corporation Bhd (1724) | $952.00 Million | 6.72% | 0.74x | $155.58 Million |
| Selangor Dredging Bhd (2224) | $836.46 Million | -0.54% | 0.68x | $50.82 Million |
About Ewein Bhd
Skygate Solutions Berhad, an investment holding company, engages in the manufacturing, property development and construction, and property management businesses. The company manufactures precision sheet metal fabricated parts, and designs and fabricates moulds, tools, and dies; and electronic components and medical equipment components. It also develops residential properties; trades in construct… Read more