JAG Bhd
JAG Berhad, an investment holding company, engages in the extraction, production, and refining of ferrous, non-ferrous, and precious metals through the recovery and reclamation of industrial and electronic waste in Malaysia, China, Japan, and internationally. The company operates through five segments: Manufacturing, Trading, Lifestyle and Services, Investment, and Investment Property and Propert… Read more
JAG Bhd (0024) - Net Assets
Latest net assets as of September 2025: RM196.63 Million MYR
Based on the latest financial reports, JAG Bhd (0024) has net assets worth RM196.63 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 (RM314.48 Million) and total liabilities (RM117.84 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 | RM196.63 Million |
| % of Total Assets | 62.53% |
| Annual Growth Rate | 7.03% |
| 5-Year Change | 21.01% |
| 10-Year Change | N/A |
| Growth Volatility | 10.0 |
JAG Bhd - Net Assets Trend (2016–2024)
This chart illustrates how JAG 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 JAG Bhd (2016–2024)
The table below shows the annual net assets of JAG Bhd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM214.02 Million | +2.08% |
| 2023-12-31 | RM209.66 Million | -1.54% |
| 2022-12-31 | RM212.93 Million | -3.38% |
| 2021-12-31 | RM220.36 Million | +24.59% |
| 2020-12-31 | RM176.87 Million | +16.59% |
| 2019-12-31 | RM151.71 Million | -1.63% |
| 2018-12-31 | RM154.22 Million | +5.28% |
| 2017-12-31 | RM146.48 Million | +17.89% |
| 2016-12-31 | RM124.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to JAG 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 5.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM10.37 Million | 4.84% |
| Common Stock | RM203.65 Million | 95.16% |
| Other Components | RM10.00 | 0.00% |
| Total Equity | RM214.02 Million | 100.00% |
JAG Bhd Competitors by Market Cap
The table below lists competitors of JAG Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Swissnet AG
F:81D
|
$14.04 Million |
|
SigmaTron International Inc
NASDAQ:SGMA
|
$14.05 Million |
|
Indiana Resources Limited
PINK:GSMGF
|
$14.05 Million |
|
Dong Won Fish
KO:030720
|
$14.06 Million |
|
Danya Cebus
TA:DNYA
|
$14.03 Million |
|
Auto& Inc.
KQ:353590
|
$14.02 Million |
|
Phatra Leasing Public Company Limited
BK:PL
|
$14.02 Million |
|
0G4W
LSE:0G4W
|
$14.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JAG Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 209,656,380 to 214,020,330, a change of 4,363,950 (2.1%).
- Net income of 5,895,050 contributed positively to equity growth.
- Share repurchases of 1,531,100 reduced equity.
- New share issuances of 423,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM5.90 Million | +2.75% |
| Share Repurchases | RM1.53 Million | -0.72% |
| Share Issuances | RM423.00K | +0.2% |
| Other Changes | RM-423.00K | -0.2% |
| Total Change | RM- | 2.08% |
Book Value vs Market Value Analysis
This analysis compares JAG 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: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.84x to 1.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.40 | RM0.34 | x |
| 2017-12-31 | RM0.42 | RM0.34 | x |
| 2018-12-31 | RM0.40 | RM0.34 | x |
| 2019-12-31 | RM0.33 | RM0.34 | x |
| 2020-12-31 | RM0.31 | RM0.34 | x |
| 2021-12-31 | RM0.33 | RM0.34 | x |
| 2022-12-31 | RM0.34 | RM0.34 | x |
| 2023-12-31 | RM0.28 | RM0.34 | x |
| 2024-12-31 | RM0.29 | RM0.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JAG 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): 2.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.56%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.44x
- Recent ROE (2.75%) is above the historical average (2.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.62% | 2.15% | 0.60x | 1.25x | RM-10.41 Million |
| 2017 | 5.70% | 5.81% | 0.80x | 1.22x | RM-6.30 Million |
| 2018 | 1.10% | 1.10% | 0.82x | 1.23x | RM-13.73 Million |
| 2019 | -7.85% | -8.53% | 0.69x | 1.33x | RM-27.08 Million |
| 2020 | 5.18% | 5.76% | 0.69x | 1.30x | RM-8.52 Million |
| 2021 | 8.69% | 8.55% | 0.83x | 1.23x | RM-2.90 Million |
| 2022 | 4.52% | 3.79% | 0.97x | 1.23x | RM-11.66 Million |
| 2023 | 0.56% | 0.58% | 0.66x | 1.46x | RM-19.80 Million |
| 2024 | 2.75% | 2.56% | 0.75x | 1.44x | RM-15.51 Million |
Industry Comparison
This section compares JAG Bhd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $236,130,500
- Average return on equity (ROE) among peers: 7.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JAG Bhd (0024) | RM196.63 Million | 1.62% | 0.60x | $14.04 Million |
| Tex Cycle Technology M Bhd (0089) | $138.51 Million | 11.18% | 0.29x | $25.59 Million |
| Progressive Impact Corporation Bhd (7201) | $80.23 Million | 2.41% | 1.04x | $1.79 Million |
| Taliworks Corporation Bhd (8524) | $314.33 Million | 11.34% | 0.12x | $61.16 Million |
| Salcon Engineering Berhad (8567) | $411.45 Million | 3.92% | 0.61x | $26.05 Million |