Tiong Nam Logistics Holdings Bhd
Tiong Nam Logistics Holdings Berhad, an investment holding company, trades in diesel and petrol in Malaysia. The company operates in four segments: Logistics and Warehousing Services, Investment, Property development, and Dormitory. It provides container haulage; cross-border and heavy transportation services; trucking and crane services; integrated logistics services; logistics solutions compris… Read more
Tiong Nam Logistics Holdings Bhd (8397) - Net Assets
Latest net assets as of September 2025: RM1.07 Billion MYR
Based on the latest financial reports, Tiong Nam Logistics Holdings Bhd (8397) has net assets worth RM1.07 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.54 Billion) and total liabilities (RM2.47 Billion). 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 | RM1.07 Billion |
| % of Total Assets | 30.26% |
| Annual Growth Rate | 11.22% |
| 5-Year Change | 34.87% |
| 10-Year Change | 78.42% |
| Growth Volatility | 11.19 |
Tiong Nam Logistics Holdings Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Tiong Nam Logistics 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 Tiong Nam Logistics Holdings Bhd (2013–2025)
The table below shows the annual net assets of Tiong Nam Logistics Holdings Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM1.07 Billion | +12.56% |
| 2024-03-31 | RM948.59 Million | +6.61% |
| 2023-03-31 | RM889.79 Million | +12.75% |
| 2022-03-31 | RM789.17 Million | -0.32% |
| 2021-03-31 | RM791.67 Million | +15.05% |
| 2020-03-31 | RM688.13 Million | -0.18% |
| 2019-03-31 | RM689.38 Million | -0.59% |
| 2018-03-31 | RM693.48 Million | +6.86% |
| 2017-03-31 | RM648.93 Million | +8.44% |
| 2016-03-31 | RM598.44 Million | +24.68% |
| 2015-03-31 | RM480.00 Million | +14.83% |
| 2014-03-31 | RM418.00 Million | +40.27% |
| 2013-03-31 | RM298.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tiong Nam Logistics 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 grown by 48.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM575.48 Million | 53.90% |
| Common Stock | RM200.24 Million | 18.75% |
| Other Components | RM292.02 Million | 27.35% |
| Total Equity | RM1.07 Billion | 100.00% |
Tiong Nam Logistics Holdings Bhd Competitors by Market Cap
The table below lists competitors of Tiong Nam Logistics Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pc Iletisim ve Medya Hizmetleri Sanayi Ticaret AS
IS:PCILT
|
$33.33 Million |
|
Hantech Bio-Technology Co., Ltd.
TWO:1294
|
$33.34 Million |
|
African Rainbow Capital Investments Ltd
JSE:AIL
|
$33.34 Million |
|
Blue Lagoon Resources Inc
OTCQB:BLAGF
|
$33.35 Million |
|
Abnova Taiwan Corp
TW:4133
|
$33.33 Million |
|
Waga Energy SA
PA:WAGA
|
$33.32 Million |
|
Scottie Resources Corp
OTCQB:SCTSF
|
$33.31 Million |
|
IMT Co., Ltd.
KQ:451220
|
$33.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tiong Nam Logistics Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 948,592,000 to 1,067,735,000, a change of 119,143,000 (12.6%).
- Net income of 42,647,000 contributed positively to equity growth.
- Share repurchases of 2,000 reduced equity.
- Other factors increased equity by 76,498,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM42.65 Million | +3.99% |
| Share Repurchases | RM2.00K | -0.0% |
| Other Changes | RM76.50 Million | +7.16% |
| Total Change | RM- | 12.56% |
Book Value vs Market Value Analysis
This analysis compares Tiong Nam Logistics 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: 0.38x
- 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 0.50x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM1.55 | RM0.78 | x |
| 2018-03-31 | RM1.52 | RM0.78 | x |
| 2019-03-31 | RM1.51 | RM0.78 | x |
| 2020-03-31 | RM1.54 | RM0.78 | x |
| 2021-03-31 | RM1.54 | RM0.78 | x |
| 2022-03-31 | RM1.54 | RM0.78 | x |
| 2023-03-31 | RM1.73 | RM0.78 | x |
| 2024-03-31 | RM1.80 | RM0.78 | x |
| 2025-03-31 | RM2.03 | RM0.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tiong Nam Logistics 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): 3.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.98%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 3.15x
- Recent ROE (3.99%) is below the historical average (4.46%), 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 | 12.88% | 13.56% | 0.39x | 2.45x | RM17.24 Million |
| 2017 | 12.56% | 14.21% | 0.35x | 2.53x | RM16.58 Million |
| 2018 | 4.05% | 4.34% | 0.36x | 2.58x | RM-41.24 Million |
| 2019 | -0.20% | -0.24% | 0.32x | 2.70x | RM-70.34 Million |
| 2020 | 0.10% | 0.11% | 0.31x | 2.84x | RM-68.12 Million |
| 2021 | 1.43% | 1.89% | 0.28x | 2.68x | RM-67.82 Million |
| 2022 | 0.66% | 0.75% | 0.33x | 2.67x | RM-73.71 Million |
| 2023 | 3.13% | 3.84% | 0.28x | 2.92x | RM-61.11 Million |
| 2024 | 6.04% | 7.55% | 0.25x | 3.15x | RM-37.59 Million |
| 2025 | 3.99% | 4.98% | 0.26x | 3.15x | RM-64.13 Million |
Industry Comparison
This section compares Tiong Nam Logistics Holdings Bhd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $313,861,119
- Average return on equity (ROE) among peers: 14.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tiong Nam Logistics Holdings Bhd (8397) | RM1.07 Billion | 12.88% | 2.30x | $33.33 Million |
| Ancom Logistics Bhd (0048) | $24.85 Million | -16.61% | 1.11x | $4.14 Million |
| GD Express Carrier Bhd (0078) | $65.07 Million | 20.93% | 0.65x | $50.80 Million |
| Straits Inter Logistics Bhd (0080) | $85.37 Million | 4.75% | 0.73x | $7.08 Million |
| Tri-Mode System M Bhd (0199) | $92.65 Million | 2.66% | 0.82x | $653.68K |
| KGW Group Berhad (0282) | $3.63 Million | 59.95% | 2.88x | $2.21 Million |
| AGX Group Berhad (0299) | $5.29 Million | 10.57% | 12.50x | $12.38 Million |
| Sin-Kung Logistics Berhad (0305) | $27.71 Million | 33.86% | 2.09x | $2.17 Million |
| Harbour Link Group Bhd (2062) | $897.81 Million | 13.14% | 0.44x | $27.16 Million |
| POS Malaysia&Services Holdings Bhd (4634) | $1.57 Billion | 9.24% | 0.28x | $18.28 Million |
| Tasco Bhd (5140) | $363.71 Million | 8.08% | 1.06x | $15.96 Million |