Ming Shing Group Holdings Limited Ordinary Shares (MSW) - Net Assets
Based on the latest financial reports, Ming Shing Group Holdings Limited Ordinary Shares (MSW) has net assets worth $983.98K USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.42 Million) and total liabilities ($12.44 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. Read how much debt does Ming Shing Group Holdings Limited Ordina carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $983.98K |
| % of Total Assets | 7.33% |
| Annual Growth Rate | 21.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 94.76 |
Ming Shing Group Holdings Limited Ordinary Shares - Net Assets Trend (2021–2025)
This chart illustrates how Ming Shing Group Holdings Limited Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Ming Shing Group Holdings Limited Ordina for the complete picture of this company's asset base.
Annual Net Assets for Ming Shing Group Holdings Limited Ordinary Shares (2021–2025)
The table below shows the annual net assets of Ming Shing Group Holdings Limited Ordinary Shares from 2021 to 2025. For live valuation and market cap data, see MSW company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $983.98K | -1.43% |
| 2024-03-31 | $998.26K | +160.72% |
| 2023-03-31 | $382.89K | +139.67% |
| 2022-03-31 | $159.76K | -65.14% |
| 2021-03-31 | $458.31K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ming Shing Group Holdings Limited Ordinary Shares'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 1374.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.49K | 0.66% |
| Other Components | $6.82 Million | 693.10% |
| Total Equity | $983.98K | 100.00% |
Ming Shing Group Holdings Limited Ordinary Shares Competitors by Market Cap
The table below lists competitors of Ming Shing Group Holdings Limited Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Titanium Sands Ltd
AU:TSL
|
$14.93 Million |
|
Coral India Finance & Housing Limited
NSE:CORALFINAC
|
$14.94 Million |
|
NPK Co.Ltd
KQ:048830
|
$14.94 Million |
|
CTRL Group Limited Ordinary Shares
NASDAQ:MCTR
|
$14.94 Million |
|
Australian Vintage Ltd
AU:AVG
|
$14.92 Million |
|
3R Games SA
WAR:3RG
|
$14.92 Million |
|
Janus Electric Holdings Ltd
AU:JNS
|
$14.90 Million |
|
Shah Alloys Limited
NSE:SHAHALLOYS
|
$14.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ming Shing Group Holdings Limited Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 998,262 to 983,979, a change of -14,283 (-1.4%).
- Net loss of 5,730,751 reduced equity.
- New share issuances of 9,493,125 increased equity.
- Other factors decreased equity by 3,776,657.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.73 Million | -582.41% |
| Share Issuances | $9.49 Million | +964.77% |
| Other Changes | $-3.78 Million | -383.81% |
| Total Change | $- | -1.43% |
Book Value vs Market Value Analysis
This analysis compares Ming Shing Group Holdings Limited Ordinary Shares'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: 19.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 53.68x to 19.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | $0.03 | $1.64 | x |
| 2022-03-31 | $0.01 | $1.64 | x |
| 2023-03-31 | $0.03 | $1.64 | x |
| 2024-03-31 | $0.07 | $1.64 | x |
| 2025-03-31 | $0.08 | $1.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ming Shing Group Holdings Limited Ordinary Shares 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): -582.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.93%
- • Asset Turnover: 2.52x
- • Equity Multiplier: 13.64x
- Recent ROE (-582.41%) is below the historical average (357.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 277.70% | 20.68% | 2.54x | 5.28x | $1.23 Million |
| 2022 | 1128.91% | 12.54% | 2.57x | 35.05x | $1.79 Million |
| 2023 | 727.95% | 12.75% | 2.64x | 21.63x | $2.75 Million |
| 2024 | 233.06% | 8.44% | 2.32x | 11.91x | $2.23 Million |
| 2025 | -582.41% | -16.93% | 2.52x | 13.64x | $-5.83 Million |
Industry Comparison
This section compares Ming Shing Group Holdings Limited Ordinary Shares's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,104,036,845
- Average return on equity (ROE) among peers: -9.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ming Shing Group Holdings Limited Ordinary Shares (MSW) | $983.98K | 277.70% | 12.64x | $14.92 Million |
| Arcosa Inc (ACA) | $2.18 Billion | 11.25% | 0.53x | $5.50 Billion |
| Aecom Technology Corporation (ACM) | $2.37 Billion | 16.97% | 4.09x | $10.87 Billion |
| Argan Inc (AGX) | $41.87 Million | -7.66% | 2.48x | $6.36 Billion |
| Ameresco Inc (AMRC) | $289.54 Million | 1.03% | 1.52x | $1.09 Billion |
| Api Group Corp (APG) | $2.87 Billion | 5.33% | 1.65x | $19.15 Billion |
| Concrete Pumping Holdings Class A (BBCP) | $267.11 Million | -22.93% | 1.90x | $342.26 Million |
| Topbuild Corp (BLD) | $1.93 Billion | 28.81% | 1.39x | $12.32 Billion |
| Blink Charging Co (BLNK) | $7.43 Million | -129.79% | 0.61x | $95.19 Million |
| Bowman Consulting Group Ltd (BWMN) | $122.86 Million | 4.07% | 1.08x | $483.57 Million |
| Cadeler A/S (CDLR) | $959.04 Million | 1.20% | 0.31x | $2.10 Billion |
About Ming Shing Group Holdings Limited Ordinary Shares
Ming Shing Group Holdings Limited, through its subsidiaries, engages in wet trades works in Hong Kong. Its works include plastering, tile laying, brick laying, floor screeding, and marble works. The company serves public and private sectors. Ming Shing Group Holdings Limited was incorporated in 2022 and is based in Cheung Sha Wan, Hong Kong.