EP Manufacturing Bhd
EP Manufacturing Bhd, an investment holding company, engages in the manufacture, distribution, and sale of automotive parts and components in Malaysia and Saudi Arabia. The company offers metal based automotive components, including inner body panels and assemblies, chassis panels and assemblies, corner modules, rear axle modules, and fuel tank modules; and car seats and engineering plastic based… Read more
EP Manufacturing Bhd (7773) - Net Assets
Latest net assets as of September 2025: RM361.96 Million MYR
Based on the latest financial reports, EP Manufacturing Bhd (7773) has net assets worth RM361.96 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 (RM647.89 Million) and total liabilities (RM285.93 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 | RM361.96 Million |
| % of Total Assets | 55.87% |
| Annual Growth Rate | 1.14% |
| 5-Year Change | 46.67% |
| 10-Year Change | 7.42% |
| Growth Volatility | 7.7 |
EP Manufacturing Bhd - Net Assets Trend (2012–2024)
This chart illustrates how EP Manufacturing 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 EP Manufacturing Bhd (2012–2024)
The table below shows the annual net assets of EP Manufacturing Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM363.09 Million | +18.90% |
| 2023-12-31 | RM305.38 Million | +7.58% |
| 2022-12-31 | RM283.85 Million | +8.31% |
| 2021-12-31 | RM262.06 Million | +5.86% |
| 2020-12-31 | RM247.55 Million | -5.81% |
| 2019-12-31 | RM262.82 Million | -5.53% |
| 2018-12-31 | RM278.19 Million | -4.26% |
| 2017-12-31 | RM290.55 Million | -9.09% |
| 2016-12-31 | RM319.59 Million | -5.45% |
| 2015-12-31 | RM338.00 Million | -0.29% |
| 2014-12-31 | RM339.00 Million | +3.67% |
| 2013-12-31 | RM327.00 Million | +3.15% |
| 2012-12-31 | RM317.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to EP Manufacturing 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 27.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM104.90 Million | 28.89% |
| Common Stock | RM258.19 Million | 71.11% |
| Total Equity | RM363.09 Million | 100.00% |
EP Manufacturing Bhd Competitors by Market Cap
The table below lists competitors of EP Manufacturing Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Katana Capital Ltd
AU:KAT
|
$11.54 Million |
|
Green Bridge Metals Corporation
F:J48
|
$11.54 Million |
|
Mazhar Zorlu Holding AS
IS:MZHLD
|
$11.54 Million |
|
Raphael Pharmaceutical Inc.
OTCQB:RAPH
|
$11.55 Million |
|
Unisync Corp
PINK:USYNF
|
$11.54 Million |
|
Zaklady Magnezytowe Ropczyce S.A.
WAR:RPC
|
$11.53 Million |
|
Coal Energy S.A.
WAR:CLE
|
$11.52 Million |
|
TAFI Industries Bhd
KLSE:7211
|
$11.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EP Manufacturing Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 305,382,000 to 363,086,000, a change of 57,704,000 (18.9%).
- Net income of 18,451,000 contributed positively to equity growth.
- Share repurchases of 39,253,000 reduced equity.
- New share issuances of 39,253,000 increased equity.
- Other factors increased equity by 39,253,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM18.45 Million | +5.08% |
| Share Repurchases | RM39.25 Million | -10.81% |
| Share Issuances | RM39.25 Million | +10.81% |
| Other Changes | RM39.25 Million | +10.81% |
| Total Change | RM- | 18.90% |
Book Value vs Market Value Analysis
This analysis compares EP Manufacturing 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: 0.35x
- 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 0.22x to 0.35x 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 | RM2.01 | RM0.45 | x |
| 2017-12-31 | RM1.83 | RM0.45 | x |
| 2018-12-31 | RM1.75 | RM0.45 | x |
| 2019-12-31 | RM1.66 | RM0.45 | x |
| 2020-12-31 | RM1.57 | RM0.45 | x |
| 2021-12-31 | RM1.33 | RM0.45 | x |
| 2022-12-31 | RM1.29 | RM0.45 | x |
| 2023-12-31 | RM1.39 | RM0.45 | x |
| 2024-12-31 | RM1.27 | RM0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EP Manufacturing 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): 5.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.10%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.81x
- Recent ROE (5.08%) is above the historical average (-2.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -5.42% | -3.98% | 0.62x | 2.19x | RM-49.27 Million |
| 2017 | -10.31% | -6.34% | 0.68x | 2.41x | RM-59.00 Million |
| 2018 | -4.28% | -2.52% | 0.77x | 2.22x | RM-39.71 Million |
| 2019 | -5.81% | -3.15% | 0.83x | 2.23x | RM-41.56 Million |
| 2020 | -6.12% | -3.71% | 0.76x | 2.17x | RM-39.91 Million |
| 2021 | -3.12% | -2.37% | 0.65x | 2.03x | RM-34.39 Million |
| 2022 | 0.14% | 0.08% | 0.84x | 2.16x | RM-27.99 Million |
| 2023 | 6.67% | 3.13% | 1.05x | 2.02x | RM-10.18 Million |
| 2024 | 5.08% | 3.10% | 0.91x | 1.81x | RM-17.86 Million |
Industry Comparison
This section compares EP Manufacturing Bhd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $236,290,207
- Average return on equity (ROE) among peers: 13.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EP Manufacturing Bhd (7773) | RM361.96 Million | -5.42% | 0.79x | $11.54 Million |
| Eversafe Rubber Bhd (0190) | $65.06 Million | 4.25% | 0.76x | $1.20 Million |
| Betamek Bhd (0263) | $86.96 Million | 14.04% | 0.45x | $11.01 Million |
| KHPT Holdings Berhad (0322) | $28.09 Million | 31.32% | 1.02x | $2.10 Million |
| MSB Global Group Berhad (0350) | $38.18 Million | 49.46% | 0.54x | $3.62 Million |
| APM Automotive Holdings Bhd (5015) | $1.23 Billion | 3.18% | 0.34x | $36.74 Million |
| ABM Fujiya Bhd (5198) | $159.98 Million | 1.16% | 0.62x | $814.00K |
| Globaltec Formation Bhd (5220) | $370.00 Million | -10.00% | 0.35x | $23.80 Million |
| Solid Automotive Bhd (5242) | $141.56 Million | 1.00% | 0.66x | $5.00 Million |
| Pecca Group Bhd (5271) | $156.93 Million | 9.26% | 0.16x | $66.22 Million |
| Feytech Holdings Berhad (5322) | $85.48 Million | 32.28% | 0.71x | $13.02 Million |