Tien Wah Press Holdings Bhd
Tien Wah Press Holdings Berhad, an investment holding company, provides rotogravure and photolithography printing services in Singapore, Indonesia, Korea, Australasia, Malaysia, Vietnam, the Middle East, and internationally. The company offers printed cartons and labels to customers in the tobacco and other fast-moving consumer goods industries. Its product portfolio includes flat unglued blanks;… Read more
Tien Wah Press Holdings Bhd (7374) - Net Assets
Latest net assets as of September 2025: RM261.88 Million MYR
Based on the latest financial reports, Tien Wah Press Holdings Bhd (7374) has net assets worth RM261.88 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 (RM473.76 Million) and total liabilities (RM211.88 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 | RM261.88 Million |
| % of Total Assets | 55.28% |
| Annual Growth Rate | -0.36% |
| 5-Year Change | -1.6% |
| 10-Year Change | -20.22% |
| Growth Volatility | 7.23 |
Tien Wah Press Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Tien Wah Press Holdings 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 Tien Wah Press Holdings Bhd (2012–2024)
The table below shows the annual net assets of Tien Wah Press Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM276.83 Million | -0.52% |
| 2023-12-31 | RM278.29 Million | +3.73% |
| 2022-12-31 | RM268.28 Million | -4.73% |
| 2021-12-31 | RM281.62 Million | +0.10% |
| 2020-12-31 | RM281.34 Million | -3.78% |
| 2019-12-31 | RM292.39 Million | -10.30% |
| 2018-12-31 | RM325.95 Million | -2.16% |
| 2017-12-31 | RM333.16 Million | -12.63% |
| 2016-12-31 | RM381.32 Million | +9.89% |
| 2015-12-31 | RM347.00 Million | +13.77% |
| 2014-12-31 | RM305.00 Million | +1.33% |
| 2013-12-31 | RM301.00 Million | +4.15% |
| 2012-12-31 | RM289.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tien Wah Press Holdings 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 16.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM120.65 Million | 43.58% |
| Common Stock | RM156.19 Million | 56.42% |
| Total Equity | RM276.83 Million | 100.00% |
Tien Wah Press Holdings Bhd Competitors by Market Cap
The table below lists competitors of Tien Wah Press Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PURE ENERGY MINLS
F:AHG
|
$5.27 Million |
|
ENERGY S.P.A.
F:S2I
|
$5.28 Million |
|
Karolinska Development AB ser. B
ST:KDEV
|
$5.28 Million |
|
ADTIGER CORP.LTD.DL-0005
F:55U
|
$5.28 Million |
|
OXE Marine AB (publ)
PINK:CMMCF
|
$5.27 Million |
|
Prodigy Gold NL
AU:PRX
|
$5.27 Million |
|
Doré Copper Mining Corp
OTCQB:DRCMF
|
$5.27 Million |
|
Surge Components Inc
PINK:SPRS
|
$5.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tien Wah Press Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 278,292,000 to 276,835,000, a change of -1,457,000 (-0.5%).
- Net income of 14,199,000 contributed positively to equity growth.
- Dividend payments of 8,106,000 reduced retained earnings.
- Other factors decreased equity by 7,550,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM14.20 Million | +5.13% |
| Dividends Paid | RM8.11 Million | -2.93% |
| Other Changes | RM-7.55 Million | -2.73% |
| Total Change | RM- | -0.52% |
Book Value vs Market Value Analysis
This analysis compares Tien Wah Press Holdings 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 increased from 0.30x to 0.42x 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 | RM2.63 | RM0.80 | x |
| 2017-12-31 | RM2.30 | RM0.80 | x |
| 2018-12-31 | RM2.09 | RM0.80 | x |
| 2019-12-31 | RM2.02 | RM0.80 | x |
| 2020-12-31 | RM1.94 | RM0.80 | x |
| 2021-12-31 | RM1.95 | RM0.80 | x |
| 2022-12-31 | RM1.85 | RM0.80 | x |
| 2023-12-31 | RM1.92 | RM0.80 | x |
| 2024-12-31 | RM1.91 | RM0.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tien Wah Press Holdings 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): 5.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.13%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.78x
- Recent ROE (5.13%) is above the historical average (1.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 11.96% | 9.26% | 0.73x | 1.77x | RM5.57 Million |
| 2016 | 16.83% | 19.53% | 0.48x | 1.80x | RM26.06 Million |
| 2017 | -5.91% | -4.72% | 0.64x | 1.96x | RM-53.00 Million |
| 2018 | -1.88% | -1.79% | 0.55x | 1.92x | RM-38.74 Million |
| 2019 | -6.86% | -5.79% | 0.59x | 2.01x | RM-49.28 Million |
| 2020 | -0.42% | -0.42% | 0.57x | 1.73x | RM-29.31 Million |
| 2021 | 2.22% | 2.48% | 0.54x | 1.66x | RM-21.90 Million |
| 2022 | -5.67% | -6.23% | 0.56x | 1.62x | RM-42.04 Million |
| 2023 | 3.08% | 3.17% | 0.57x | 1.70x | RM-19.25 Million |
| 2024 | 5.13% | 5.13% | 0.56x | 1.78x | RM-13.48 Million |
Industry Comparison
This section compares Tien Wah Press Holdings Bhd's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $160,648,375
- Average return on equity (ROE) among peers: -2.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tien Wah Press Holdings Bhd (7374) | RM261.88 Million | 11.96% | 0.81x | $5.27 Million |
| GFM Services Bhd (0039) | $124.98 Million | 8.01% | 3.10x | $11.19 Million |
| Efficient E Solutions Bhd (0064) | $137.94 Million | -5.50% | 0.01x | $2.71 Million |
| Scicom MSC Bhd (0099) | $52.06 Million | 16.01% | 0.18x | $41.53 Million |
| Advance Information Marketing Bhd (0122) | $12.53 Million | -41.20% | 0.26x | $1.32 Million |
| Frontken Corporation Bhd (0128) | $467.03 Million | 17.55% | 0.32x | $1.22 Billion |
| Xox Networks Bhd (0140) | $35.23 Million | -21.45% | 0.14x | $2.19 Million |
| MClean Technologies Bhd (0167) | $21.04 Million | -39.09% | 1.63x | $11.63 Million |
| Mtag Group Berhad (0213) | $179.74 Million | 16.80% | 0.12x | $9.73 Million |
| KJTS (0293) | $28.69 Million | 20.60% | 1.15x | $48.60 Million |
| Fima Corporation Bhd (3107) | $547.24 Million | 2.14% | 0.15x | $22.52 Million |