Bright Packaging Industry Bhd
Bright Packaging Industry Berhad, an investment holding company, manufactures and sells aluminum foil packaging materials in India, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Switzerland, Taiwan, Thailand, and Vietnam. The company offers aluminum foils and metallized film laminates to tissue, wood-free, and board and inner frames for use in pharmaceutical, confectionery, liquor… Read more
Bright Packaging Industry Bhd (9938) - Net Assets
Latest net assets as of November 2025: RM132.76 Million MYR
Based on the latest financial reports, Bright Packaging Industry Bhd (9938) has net assets worth RM132.76 Million MYR as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM141.12 Million) and total liabilities (RM8.36 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 | RM132.76 Million |
| % of Total Assets | 94.08% |
| Annual Growth Rate | 9.72% |
| 5-Year Change | 14.32% |
| 10-Year Change | 6.85% |
| Growth Volatility | 32.64 |
Bright Packaging Industry Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Bright Packaging Industry 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 Bright Packaging Industry Bhd (2012–2025)
The table below shows the annual net assets of Bright Packaging Industry Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | RM130.17 Million | +5.05% |
| 2024-08-31 | RM123.91 Million | +2.13% |
| 2023-08-31 | RM121.33 Million | +8.99% |
| 2022-08-31 | RM111.32 Million | -2.23% |
| 2021-08-31 | RM113.86 Million | -2.27% |
| 2020-08-31 | RM116.51 Million | -1.05% |
| 2019-08-31 | RM117.75 Million | +1.67% |
| 2018-08-31 | RM115.81 Million | -2.85% |
| 2017-08-31 | RM119.21 Million | -2.15% |
| 2016-08-31 | RM121.83 Million | +1.53% |
| 2015-08-31 | RM120.00 Million | +14.29% |
| 2014-08-31 | RM105.00 Million | +123.40% |
| 2013-08-31 | RM47.00 Million | +20.51% |
| 2012-08-31 | RM39.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bright Packaging Industry 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 34.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM32.46 Million | 24.93% |
| Common Stock | RM97.72 Million | 75.07% |
| Total Equity | RM130.17 Million | 100.00% |
Bright Packaging Industry Bhd Competitors by Market Cap
The table below lists competitors of Bright Packaging Industry Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canterbury Resources Ltd
AU:CBY
|
$2.60 Million |
|
Great Western Mining Corp Plc
IR:8GW
|
$2.60 Million |
|
Jasa Kita Bhd
KLSE:8648
|
$2.60 Million |
|
TNL Mediagene Ordinary Shares
NASDAQ:TNMG
|
$2.60 Million |
|
INEO Tech Corp
OTCQB:INEOF
|
$2.60 Million |
|
E-Pango SA
PA:ALAGO
|
$2.60 Million |
|
Accelerate Resources Ltd
AU:AX8
|
$2.60 Million |
|
HWA AG
F:H9W
|
$2.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bright Packaging Industry Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 123,911,730 to 130,172,460, a change of 6,260,730 (5.1%).
- Net income of 6,260,740 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.26 Million | +4.81% |
| Other Changes | RM-10.00 | -0.0% |
| Total Change | RM- | 5.05% |
Book Value vs Market Value Analysis
This analysis compares Bright Packaging Industry 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: 0.28x
- 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 |
|---|---|---|---|
| 2016-08-31 | RM0.59 | RM0.18 | x |
| 2017-08-31 | RM0.58 | RM0.18 | x |
| 2018-08-31 | RM0.56 | RM0.18 | x |
| 2019-08-31 | RM0.57 | RM0.18 | x |
| 2020-08-31 | RM0.57 | RM0.18 | x |
| 2021-08-31 | RM0.55 | RM0.18 | x |
| 2022-08-31 | RM0.54 | RM0.18 | x |
| 2023-08-31 | RM0.59 | RM0.18 | x |
| 2024-08-31 | RM0.60 | RM0.18 | x |
| 2025-08-31 | RM0.63 | RM0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bright Packaging Industry 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): 4.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.07%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.08x
- Recent ROE (4.81%) is above the historical average (0.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.49% | 2.92% | 0.47x | 1.10x | RM-10.36 Million |
| 2017 | -2.19% | -6.20% | 0.33x | 1.08x | RM-14.54 Million |
| 2018 | -2.94% | -6.27% | 0.43x | 1.10x | RM-14.98 Million |
| 2019 | 1.64% | 2.85% | 0.53x | 1.10x | RM-9.84 Million |
| 2020 | -1.06% | -2.44% | 0.38x | 1.15x | RM-12.89 Million |
| 2021 | -2.32% | -7.06% | 0.30x | 1.09x | RM-14.03 Million |
| 2022 | -2.28% | -5.46% | 0.37x | 1.14x | RM-13.67 Million |
| 2023 | 4.14% | 8.13% | 0.46x | 1.10x | RM-7.11 Million |
| 2024 | 2.07% | 4.88% | 0.40x | 1.06x | RM-9.83 Million |
| 2025 | 4.81% | 11.07% | 0.40x | 1.08x | RM-6.76 Million |
Industry Comparison
This section compares Bright Packaging Industry Bhd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $166,977,172
- Average return on equity (ROE) among peers: 8.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bright Packaging Industry Bhd (9938) | RM132.76 Million | 1.49% | 0.06x | $2.60 Million |
| HPP Holdings Bhd (0228) | $67.39 Million | 12.22% | 0.57x | $4.91 Million |
| L&P Global Berhad (0268) | $27.88 Million | 35.34% | 1.06x | $2.89 Million |
| DS Sigma Holdings Berhad (0269) | $114.25 Million | 9.64% | 0.15x | $5.12 Million |
| Scientex Bhd (4731) | $450.80 Million | 13.38% | 0.50x | $472.96 Million |
| Versatile Creative Bhd (4995) | $99.00 Million | -2.02% | 0.48x | $14.13 Million |
| Ornapaper Bhd (5065) | $115.00 Million | 6.09% | 0.81x | $3.43 Million |
| BP Plastics Holding Bhd (5100) | $154.00 Million | 6.49% | 0.29x | $8.97 Million |
| Perusahaan Sadur Timah Malaysia Perstima Bhd (5436) | $441.46 Million | -6.48% | 1.12x | $52.74 Million |
| Box Pak (Malaysia) Bhd (6297) | $150.00 Million | 5.33% | 1.08x | $872.08K |
| Master Pack Group Bhd (7029) | $50.00 Million | 2.00% | 0.58x | $3.28 Million |