CWG Holdings Bhd
CWG Holdings Berhad, an investment holding company, engages in the manufacture and sale of paper-based stationery and printing materials in Malaysia, Africa, the United States, Europe, Oceania, and rest of Asia. The company operates in three segments, Manufacture and Sale of Stationery and Printing Materials; Investment Holding; and Property Development. The company supplies and distributes non-p… Read more
CWG Holdings Bhd (9423) - Net Assets
Latest net assets as of September 2025: RM128.83 Million MYR
Based on the latest financial reports, CWG Holdings Bhd (9423) has net assets worth RM128.83 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 (RM186.33 Million) and total liabilities (RM57.49 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 | RM128.83 Million |
| % of Total Assets | 69.14% |
| Annual Growth Rate | 8.85% |
| 5-Year Change | 51.8% |
| 10-Year Change | 147.57% |
| Growth Volatility | 13.09 |
CWG Holdings Bhd - Net Assets Trend (2012–2025)
This chart illustrates how CWG 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 CWG Holdings Bhd (2012–2025)
The table below shows the annual net assets of CWG Holdings Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM126.54 Million | +23.41% |
| 2024-06-30 | RM102.54 Million | -2.03% |
| 2023-06-30 | RM104.66 Million | +4.40% |
| 2022-06-30 | RM100.24 Million | +20.25% |
| 2021-06-30 | RM83.36 Million | -2.56% |
| 2020-06-30 | RM85.55 Million | +0.63% |
| 2019-06-30 | RM85.02 Million | +3.92% |
| 2018-06-30 | RM81.81 Million | +45.88% |
| 2017-06-30 | RM56.08 Million | +9.73% |
| 2016-06-30 | RM51.11 Million | +13.58% |
| 2015-06-30 | RM45.00 Million | +4.65% |
| 2014-06-30 | RM43.00 Million | +2.38% |
| 2013-06-30 | RM42.00 Million | 0.00% |
| 2012-06-30 | RM42.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CWG 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 246.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM30.65 Million | 24.22% |
| Common Stock | RM96.03 Million | 75.89% |
| Total Equity | RM126.54 Million | 100.00% |
CWG Holdings Bhd Competitors by Market Cap
The table below lists competitors of CWG Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CAERUS MINERAL RES LS-01
F:98J
|
$2.56 Million |
|
MIRAI CORP.
F:837
|
$2.56 Million |
|
Thai Film Industries Public Company Limited
BK:TFI
|
$2.56 Million |
|
Prime Energy PE Ltd
TA:PRIM
|
$2.56 Million |
|
Münchener Tierpark Hellabrunn AG
MU:MTP
|
$2.56 Million |
|
Springview Holdings Ltd Class A Ordinary Shares
NASDAQ:SPHL
|
$2.56 Million |
|
CFI HOLDING S.A. ZY-31
F:681
|
$2.55 Million |
|
Terminal X Online Ltd.
TA:TRX
|
$2.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CWG Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 102,535,950 to 126,537,690, a change of 24,001,740 (23.4%).
- Net income of 6,321,970 contributed positively to equity growth.
- Share repurchases of 17,679,770 reduced equity.
- New share issuances of 32,680,000 increased equity.
- Other factors increased equity by 2,679,540.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.32 Million | +5.0% |
| Share Repurchases | RM17.68 Million | -13.97% |
| Share Issuances | RM32.68 Million | +25.83% |
| Other Changes | RM2.68 Million | +2.12% |
| Total Change | RM- | 23.41% |
Book Value vs Market Value Analysis
This analysis compares CWG 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: 0.34x
- 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 0.14x to 0.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM1.20 | RM0.17 | x |
| 2017-06-30 | RM0.66 | RM0.17 | x |
| 2018-06-30 | RM0.65 | RM0.17 | x |
| 2019-06-30 | RM0.67 | RM0.17 | x |
| 2020-06-30 | RM0.68 | RM0.17 | x |
| 2021-06-30 | RM0.66 | RM0.17 | x |
| 2022-06-30 | RM0.61 | RM0.17 | x |
| 2023-06-30 | RM0.64 | RM0.17 | x |
| 2024-06-30 | RM0.55 | RM0.17 | x |
| 2025-06-30 | RM0.48 | RM0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CWG 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): 5.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.82%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.50x
- Recent ROE (5.00%) is below the historical average (5.11%), 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 | 13.63% | 7.54% | 1.01x | 1.80x | RM1.86 Million |
| 2017 | 11.49% | 6.40% | 1.00x | 1.79x | RM837.29K |
| 2018 | 8.04% | 6.24% | 0.89x | 1.45x | RM-1.61 Million |
| 2019 | 6.10% | 5.11% | 0.94x | 1.27x | RM-3.31 Million |
| 2020 | 3.01% | 3.04% | 0.77x | 1.29x | RM-5.98 Million |
| 2021 | -1.79% | -2.49% | 0.59x | 1.21x | RM-9.83 Million |
| 2022 | 1.67% | 2.44% | 0.53x | 1.30x | RM-8.35 Million |
| 2023 | 5.71% | 6.45% | 0.73x | 1.21x | RM-4.49 Million |
| 2024 | -1.78% | -2.80% | 0.49x | 1.30x | RM-12.08 Million |
| 2025 | 5.00% | 5.82% | 0.57x | 1.50x | RM-6.33 Million |
Industry Comparison
This section compares CWG Holdings Bhd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $280,770,210
- Average return on equity (ROE) among peers: -0.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CWG Holdings Bhd (9423) | RM128.83 Million | 13.63% | 0.45x | $2.56 Million |
| Muda Holdings Bhd (3883) | $375.22 Million | -6.13% | 1.18x | $6.75 Million |
| Wang-Zheng Bhd (7203) | $186.32 Million | 5.67% | 0.42x | $1.09 Million |