KESM Industries Bhd (9334) - Net Assets
Based on the latest financial reports, KESM Industries Bhd (9334) has net assets worth RM338.23 Million MYR (≈ $84.92 Million USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM418.12 Million ≈ $104.98 Million USD) and total liabilities (RM79.89 Million ≈ $20.06 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 9334 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM338.23 Million |
| % of Total Assets | 80.89% |
| Annual Growth Rate | 2.19% |
| 5-Year Change | -6.67% |
| 10-Year Change | 18.29% |
| Growth Volatility | 5.85 |
KESM Industries Bhd - Net Assets Trend (2012–2025)
This chart illustrates how KESM Industries Bhd's net assets have evolved over time, based on quarterly financial data. See KESM Industries Bhd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for KESM Industries Bhd (2012–2025)
The table below shows the annual net assets of KESM Industries Bhd from 2012 to 2025. For live valuation and market cap data, see 9334 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | RM339.17 Million ≈ $85.15 Million |
-3.83% |
| 2024-07-31 | RM352.68 Million ≈ $88.55 Million |
-0.58% |
| 2023-07-31 | RM354.75 Million ≈ $89.06 Million |
-2.10% |
| 2022-07-31 | RM362.36 Million ≈ $90.98 Million |
-0.29% |
| 2021-07-31 | RM363.40 Million ≈ $91.24 Million |
+2.00% |
| 2020-07-31 | RM356.27 Million ≈ $89.45 Million |
-0.80% |
| 2019-07-31 | RM359.14 Million ≈ $90.17 Million |
+0.74% |
| 2018-07-31 | RM356.51 Million ≈ $89.51 Million |
+8.32% |
| 2017-07-31 | RM329.14 Million ≈ $82.64 Million |
+14.80% |
| 2016-07-31 | RM286.72 Million ≈ $71.99 Million |
+9.85% |
| 2015-07-31 | RM261.00 Million ≈ $65.53 Million |
-7.45% |
| 2014-07-31 | RM282.00 Million ≈ $70.80 Million |
+6.02% |
| 2013-07-31 | RM266.00 Million ≈ $66.78 Million |
+3.91% |
| 2012-07-31 | RM256.00 Million ≈ $64.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to KESM Industries 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 17.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM285.39 Million | 84.14% |
| Common Stock | RM43.68 Million | 12.88% |
| Other Components | RM10.10 Million | 2.98% |
| Total Equity | RM339.17 Million | 100.00% |
KESM Industries Bhd Competitors by Market Cap
The table below lists competitors of KESM Industries Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
K Seng Seng Corporation Bhd
KLSE:5192
|
$43.96 Million |
|
KWG Group Holdings Limited
F:KOU
|
$43.97 Million |
|
Comtrend Corp
TWO:8089
|
$43.98 Million |
|
SundayToz Corp
KQ:123420
|
$43.98 Million |
|
Orbis AG
XETRA:OBS
|
$43.94 Million |
|
Incross Co. Ltd
KQ:216050
|
$43.93 Million |
|
TNR Gold Corp.
V:TNR
|
$43.92 Million |
|
Johnson Matthey PLC
LSE:JMAT
|
$43.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KESM Industries Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 352,677,000 to 339,169,000, a change of -13,508,000 (-3.8%).
- Net loss of 8,185,000 reduced equity.
- Dividend payments of 3,226,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-8.19 Million | -2.41% |
| Dividends Paid | RM3.23 Million | -0.95% |
| Other Changes | RM-2.10 Million | -0.62% |
| Total Change | RM- | -3.83% |
Book Value vs Market Value Analysis
This analysis compares KESM Industries 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: 0.52x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-07-31 | RM6.67 | RM4.07 | x |
| 2017-07-31 | RM7.65 | RM4.07 | x |
| 2018-07-31 | RM8.29 | RM4.07 | x |
| 2019-07-31 | RM8.35 | RM4.07 | x |
| 2020-07-31 | RM8.28 | RM4.07 | x |
| 2021-07-31 | RM8.45 | RM4.07 | x |
| 2022-07-31 | RM8.42 | RM4.07 | x |
| 2023-07-31 | RM8.25 | RM4.07 | x |
| 2024-07-31 | RM8.20 | RM4.07 | x |
| 2025-07-31 | RM7.88 | RM4.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KESM Industries 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): -2.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.89%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.22x
- Recent ROE (-2.41%) is below the historical average (3.61%), 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 | 10.70% | 10.74% | 0.77x | 1.30x | RM2.01 Million |
| 2017 | 13.37% | 13.02% | 0.71x | 1.45x | RM11.08 Million |
| 2018 | 11.03% | 11.25% | 0.71x | 1.39x | RM3.69 Million |
| 2019 | 1.75% | 2.04% | 0.68x | 1.26x | RM-29.64 Million |
| 2020 | 0.03% | 0.04% | 0.58x | 1.16x | RM-35.53 Million |
| 2021 | 2.02% | 2.95% | 0.60x | 1.14x | RM-29.01 Million |
| 2022 | 0.46% | 0.68% | 0.58x | 1.17x | RM-34.57 Million |
| 2023 | -0.88% | -1.37% | 0.47x | 1.37x | RM-38.60 Million |
| 2024 | 0.05% | 0.08% | 0.52x | 1.33x | RM-35.08 Million |
| 2025 | -2.41% | -3.89% | 0.51x | 1.22x | RM-42.10 Million |
Industry Comparison
This section compares KESM Industries Bhd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $713,754,271
- Average return on equity (ROE) among peers: 9.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KESM Industries Bhd (9334) | RM338.23 Million | 10.70% | 0.24x | $43.95 Million |
| Key ASIC Bhd (0143) | $33.08 Million | -16.23% | 0.25x | $10.55 Million |
| OPPSTAR (0275) | $148.33 Million | 10.48% | 0.06x | $85.34 Million |
| Edelteq Holdings Berhad (0278) | $19.07 Million | 28.52% | 0.48x | $48.53 Million |
| Malaysian Pacific Industries (3867) | $1.62 Billion | 9.45% | 0.24x | $2.43 Billion |
| Unisem M Bhd (5005) | $2.17 Billion | 9.13% | 0.28x | $1.87 Billion |
| Globetronics Tech Bhd (7022) | $296.79 Million | 15.07% | 0.14x | $39.48 Million |
About KESM Industries Bhd
KESM Industries Berhad, an investment holding company, provides burn-in and test services to semiconductor manufacturers in Malaysia, the People's Republic of China, Singapore, the United States, and Europe. The company also offers electrical testing of semiconductor integrated circuits, as well as tape and reel assembly services, and electronic manufacturing services. In addition, it engages in … Read more