IRIS Corporation Bhd (0010) - Net Assets
Based on the latest financial reports, IRIS Corporation Bhd (0010) has net assets worth RM377.76 Million MYR (≈ $94.84 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM592.08 Million ≈ $148.65 Million USD) and total liabilities (RM214.32 Million ≈ $53.81 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. Also explore IRIS Corporation Bhd total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM377.76 Million |
| % of Total Assets | 63.8% |
| Annual Growth Rate | 2.65% |
| 5-Year Change | 16.77% |
| 10-Year Change | 47.28% |
| Growth Volatility | 23.35 |
IRIS Corporation Bhd - Net Assets Trend (2006–2025)
This chart illustrates how IRIS Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Check IRIS Corporation Bhd (0010) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for IRIS Corporation Bhd (2006–2025)
The table below shows the annual net assets of IRIS Corporation Bhd from 2006 to 2025. For live valuation and market cap data, see IRIS Corporation Bhd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM377.76 Million ≈ $94.84 Million |
-2.03% |
| 2024-12-31 | RM385.59 Million ≈ $96.81 Million |
+2.13% |
| 2023-12-31 | RM377.55 Million ≈ $94.79 Million |
+9.35% |
| 2022-12-31 | RM345.28 Million ≈ $86.69 Million |
+6.73% |
| 2021-12-31 | RM323.50 Million ≈ $81.22 Million |
+9.65% |
| 2020-12-31 | RM295.03 Million ≈ $74.07 Million |
+11.20% |
| 2019-12-31 | RM265.31 Million ≈ $66.61 Million |
+6.13% |
| 2018-12-31 | RM249.98 Million ≈ $62.76 Million |
+63.00% |
| 2017-12-31 | RM153.37 Million ≈ $38.51 Million |
-40.21% |
| 2016-12-31 | RM256.50 Million ≈ $64.40 Million |
-52.31% |
| 2015-12-31 | RM537.84 Million ≈ $135.03 Million |
-5.08% |
| 2014-12-31 | RM566.62 Million ≈ $142.26 Million |
-6.67% |
| 2013-12-31 | RM607.12 Million ≈ $152.43 Million |
+32.79% |
| 2012-12-31 | RM457.20 Million ≈ $114.79 Million |
+13.82% |
| 2011-12-31 | RM401.68 Million ≈ $100.85 Million |
+13.07% |
| 2010-12-31 | RM355.24 Million ≈ $89.19 Million |
+12.37% |
| 2009-12-31 | RM316.13 Million ≈ $79.37 Million |
+4.85% |
| 2008-12-31 | RM301.51 Million ≈ $75.70 Million |
+6.54% |
| 2007-12-31 | RM283.01 Million ≈ $71.06 Million |
+23.09% |
| 2006-12-31 | RM229.93 Million ≈ $57.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IRIS Corporation 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 decreased by 4166500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM393.51 Million | 103.69% |
| Other Comprehensive Income | RM-152.00K | -0.04% |
| Other Components | RM27.81 Million | 7.33% |
| Total Equity | RM379.50 Million | 100.00% |
IRIS Corporation Bhd Competitors by Market Cap
The table below lists competitors of IRIS Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SK Innovation Co Ltd Pref
KO:096775
|
$46.09 Million |
|
Softcat plc
LSE:SCT
|
$46.10 Million |
|
Sotherly Hotels Inc
NASDAQ:SOHO
|
$46.10 Million |
|
Hancom WITH Inc
KQ:054920
|
$46.11 Million |
|
Element 25 Ltd
AU:E25
|
$46.07 Million |
|
Diatreme Resources Ltd
AU:DRX
|
$46.07 Million |
|
Green Critical Minerals Ltd
AU:GCM
|
$46.06 Million |
|
Lithium South Development Corp
V:LIS
|
$46.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IRIS Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 387,299,000 to 379,501,000, a change of -7,798,000 (-2.0%).
- Net loss of 3,618,000 reduced equity.
- Dividend payments of 4,078,999 reduced retained earnings.
- Other comprehensive income decreased equity by 28,891,000.
- Other factors increased equity by 28,789,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-3.62 Million | -0.95% |
| Dividends Paid | RM4.08 Million | -1.07% |
| Other Comprehensive Income | RM-28.89 Million | -7.61% |
| Other Changes | RM28.79 Million | +7.59% |
| Total Change | RM- | -2.01% |
Book Value vs Market Value Analysis
This analysis compares IRIS Corporation 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: 0.48x
- 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 decreased from 1.21x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.19 | RM0.23 | x |
| 2007-12-31 | RM0.20 | RM0.23 | x |
| 2008-12-31 | RM0.20 | RM0.23 | x |
| 2009-12-31 | RM0.22 | RM0.23 | x |
| 2010-12-31 | RM0.24 | RM0.23 | x |
| 2011-12-31 | RM0.26 | RM0.23 | x |
| 2012-12-31 | RM0.26 | RM0.23 | x |
| 2013-12-31 | RM0.29 | RM0.23 | x |
| 2014-12-31 | RM0.27 | RM0.23 | x |
| 2015-12-31 | RM0.26 | RM0.23 | x |
| 2016-12-31 | RM0.13 | RM0.23 | x |
| 2017-12-31 | RM0.08 | RM0.23 | x |
| 2018-12-31 | RM0.10 | RM0.23 | x |
| 2019-12-31 | RM0.10 | RM0.23 | x |
| 2020-12-31 | RM0.10 | RM0.23 | x |
| 2021-12-31 | RM0.10 | RM0.23 | x |
| 2022-12-31 | RM0.43 | RM0.23 | x |
| 2023-12-31 | RM0.47 | RM0.23 | x |
| 2024-12-31 | RM0.47 | RM0.23 | x |
| 2025-12-31 | RM0.47 | RM0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IRIS Corporation 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): -0.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.16%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.56x
- Recent ROE (-0.95%) is above the historical average (-4.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 2.07% | 2.03% | 0.43x | 2.36x | RM-18.22 Million |
| 2007 | 2.82% | 3.43% | 0.40x | 2.03x | RM-19.19 Million |
| 2008 | 3.84% | 3.74% | 0.49x | 2.10x | RM-17.15 Million |
| 2009 | 5.05% | 4.70% | 0.59x | 1.81x | RM-15.26 Million |
| 2010 | 8.09% | 7.66% | 0.53x | 2.00x | RM-6.62 Million |
| 2011 | 10.84% | 9.02% | 0.62x | 1.95x | RM3.39 Million |
| 2012 | 5.06% | 3.92% | 0.49x | 2.62x | RM-20.55 Million |
| 2013 | 4.23% | 4.06% | 0.44x | 2.37x | RM-31.73 Million |
| 2014 | -3.82% | -3.70% | 0.43x | 2.42x | RM-75.58 Million |
| 2015 | 1.10% | 1.27% | 0.44x | 1.96x | RM-48.95 Million |
| 2016 | -101.38% | -66.75% | 0.57x | 2.66x | RM-320.96 Million |
| 2017 | -60.51% | -35.04% | 0.61x | 2.84x | RM-136.65 Million |
| 2018 | 14.04% | 16.69% | 0.44x | 1.89x | RM11.00 Million |
| 2019 | 4.79% | 5.97% | 0.47x | 1.71x | RM-14.90 Million |
| 2020 | -3.47% | -10.34% | 0.23x | 1.47x | RM-42.80 Million |
| 2021 | 1.05% | 1.62% | 0.41x | 1.56x | RM-29.12 Million |
| 2022 | 6.31% | 6.28% | 0.66x | 1.52x | RM-12.81 Million |
| 2023 | 8.50% | 8.69% | 0.58x | 1.67x | RM-5.69 Million |
| 2024 | 8.33% | 8.69% | 0.62x | 1.56x | RM-6.48 Million |
| 2025 | -0.95% | -2.16% | 0.28x | 1.56x | RM-41.57 Million |
Industry Comparison
This section compares IRIS Corporation Bhd's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $725,026,000
- Average return on equity (ROE) among peers: -5.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IRIS Corporation Bhd (0010) | RM377.76 Million | 2.07% | 0.57x | $46.08 Million |
| Asia File Corporation Bhd (7129) | $725.03 Million | -5.97% | 0.07x | $61.80 Million |
About IRIS Corporation Bhd
Iris Group Berhad provides technology consulting solutions in Malaysia, Asia, Oceania, Africa, and North America. It offers e-passports, e-identification cards, banking cards, transportation and other related trusted identification's devices, equipment, and services, as well as consulting services. The company is also involved in the construction of buildings and modern integrated farms, as well … Read more