IGS Capital Group Ltd
IGS Capital Group Limited, through its subsidiary, IGS Mart SDN BHD, operates a convenient store in Malaysia. It operates its store under the Like Mart name. The company was formerly known as Sancon Resources Recovery, Inc. and changed its name to IGS Capital Group Limited in June 2017. The company was incorporated in 2003 and is based in Petaling Jaya, Malaysia. IGS Capital Group Limited is a su… Read more
IGS Capital Group Ltd (IGSC) - Net Assets
Latest net assets as of December 2023: $3.85 Million USD
Based on the latest financial reports, IGS Capital Group Ltd (IGSC) has net assets worth $3.85 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.58 Million) and total liabilities ($729.00K). 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 | $3.85 Million |
| % of Total Assets | 84.08% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 66.38 |
IGS Capital Group Ltd - Net Assets Trend (2013–2023)
This chart illustrates how IGS Capital Group Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for IGS Capital Group Ltd (2013–2023)
The table below shows the annual net assets of IGS Capital Group Ltd from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $3.85 Million | +20.01% |
| 2022-12-31 | $3.21 Million | +132.83% |
| 2018-12-31 | $1.38 Million | +177.83% |
| 2017-12-31 | $495.88K | +585.63% |
| 2016-12-31 | $-102.11K | +53.78% |
| 2015-12-31 | $-220.92K | -50.52% |
| 2014-12-31 | $-146.77K | -100.76% |
| 2013-12-31 | $-73.11K | -- |
Equity Component Analysis
This analysis shows how different components contribute to IGS Capital Group Ltd'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 69639800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $252.98K | 6.57% |
| Other Comprehensive Income | $35.43K | 0.92% |
| Other Components | $5.24 Million | 136.24% |
| Total Equity | $3.85 Million | 100.00% |
IGS Capital Group Ltd Competitors by Market Cap
The table below lists competitors of IGS Capital Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Telecom Plus PLC
LSE:TEP
|
$130.55K |
|
MAIRE TECNIMONT
BE:3OY1
|
$130.57K |
|
Sparinvest Globale Fokusaktier KL A
CO:SPIGFA
|
$130.68K |
|
PERSIMMON PLC - Dusseldorf Stock Exchang
DU:OHP
|
$130.75K |
|
OCBC (OCBA.SG)
STU:OCBA
|
$130.39K |
|
Neuberger Berman Next Generation Connectivity Fund Inc
NYSE:NBXG
|
$130.35K |
|
Fundo De Investimento Imobiliario VBI Credito
SA:PCIP11
|
$130.29K |
|
Atlantic Horizon Capital Corp.
V:ATLH-P
|
$130.20K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IGS Capital Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,207,755 to 3,849,594, a change of 641,839 (20.0%).
- Net income of 8,685 contributed positively to equity growth.
- Other comprehensive income increased equity by 43,088.
- Other factors increased equity by 590,066.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.69K | +0.23% |
| Other Comprehensive Income | $43.09K | +1.12% |
| Other Changes | $590.07K | +15.33% |
| Total Change | $- | 20.01% |
Book Value vs Market Value Analysis
This analysis compares IGS Capital Group Ltd'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: 1.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $-0.42 | $0.03 | x |
| 2015-12-31 | $-0.67 | $0.03 | x |
| 2016-12-31 | $-0.12 | $0.03 | x |
| 2017-12-31 | $0.21 | $0.03 | x |
| 2018-12-31 | $0.04 | $0.03 | x |
| 2022-12-31 | $0.23 | $0.03 | x |
| 2023-12-31 | $0.02 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IGS Capital Group Ltd 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): 0.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.07%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.19x
- Recent ROE (0.23%) is above the historical average (-6.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-68.74K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-58.99K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-52.06K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-74.20K |
| 2017 | -32.74% | -161.28% | 0.12x | 1.75x | $-211.94K |
| 2018 | -17.43% | -259.68% | 0.05x | 1.34x | $-377.97K |
| 2022 | -0.77% | 0.00% | 0.00x | 1.00x | $-345.51K |
| 2023 | 0.23% | 1.07% | 0.18x | 1.19x | $-376.27K |
Industry Comparison
This section compares IGS Capital Group Ltd's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IGS Capital Group Ltd (IGSC) | $3.85 Million | 0.00% | 0.19x | $130.42K |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |