JAG Bhd (0024) - Net Assets
Based on the latest financial reports, JAG Bhd (0024) has net assets worth RM206.66 Million MYR (≈ $51.89 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 (RM371.15 Million ≈ $93.18 Million USD) and total liabilities (RM164.49 Million ≈ $41.30 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 how large is JAG Bhd's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM206.66 Million |
| % of Total Assets | 55.68% |
| Annual Growth Rate | 5.22% |
| 5-Year Change | -10.88% |
| 10-Year Change | N/A |
| Growth Volatility | 10.65 |
JAG Bhd - Net Assets Trend (2016–2025)
This chart illustrates how JAG Bhd's net assets have evolved over time, based on quarterly financial data. Check 0024 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for JAG Bhd (2016–2025)
The table below shows the annual net assets of JAG Bhd from 2016 to 2025. For live valuation and market cap data, see JAG Bhd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM196.39 Million ≈ $49.31 Million |
-8.24% |
| 2024-12-31 | RM214.02 Million ≈ $53.73 Million |
+2.08% |
| 2023-12-31 | RM209.66 Million ≈ $52.64 Million |
-1.54% |
| 2022-12-31 | RM212.93 Million ≈ $53.46 Million |
-3.38% |
| 2021-12-31 | RM220.36 Million ≈ $55.33 Million |
+24.59% |
| 2020-12-31 | RM176.87 Million ≈ $44.41 Million |
+16.59% |
| 2019-12-31 | RM151.71 Million ≈ $38.09 Million |
-1.63% |
| 2018-12-31 | RM154.22 Million ≈ $38.72 Million |
+5.28% |
| 2017-12-31 | RM146.48 Million ≈ $36.78 Million |
+17.89% |
| 2016-12-31 | RM124.26 Million ≈ $31.20 Million |
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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 425.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM51.87 Million | 26.41% |
| Common Stock | RM203.78 Million | 103.76% |
| Total Equity | RM196.39 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 |
|---|---|
|
Lacroix Group SA
PA:LACR
|
$63.40 Million |
|
d1000 Varejo Farma Participações S.A
SA:DMVF3
|
$63.45 Million |
|
AURRIGO INT.PLCLS-002
F:CI0
|
$63.45 Million |
|
Amarin Printing and Publishing Public Company Limited
BK:AMARIN
|
$63.48 Million |
|
Gagasan Nadi Cergas Berhad
KLSE:0206
|
$63.33 Million |
|
Skane mollan AB
ST:SKMO
|
$63.33 Million |
|
BJ.B.J.B.UNI.S.(NEW)YC-10
F:BJDH
|
$63.32 Million |
|
Cryomax Cooling System Corp
TW:1587
|
$63.31 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 2024 to 2025, total equity changed from 214,020,330 to 196,391,000, a change of -17,629,330 (-8.2%).
- Net loss of 8,319,000 reduced equity.
- Share repurchases of 7,848,000 reduced equity.
- New share issuances of 131,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-8.32 Million | -4.24% |
| Share Repurchases | RM7.85 Million | -4.0% |
| Share Issuances | RM131.00K | +0.07% |
| Other Changes | RM-1.59 Million | -0.81% |
| Total Change | RM- | -8.24% |
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: 1.28x
- 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 0.90x to 1.28x 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 | RM0.36 | x |
| 2017-12-31 | RM0.42 | RM0.36 | x |
| 2018-12-31 | RM0.40 | RM0.36 | x |
| 2019-12-31 | RM0.33 | RM0.36 | x |
| 2020-12-31 | RM0.31 | RM0.36 | x |
| 2021-12-31 | RM0.33 | RM0.36 | x |
| 2022-12-31 | RM0.34 | RM0.36 | x |
| 2023-12-31 | RM0.28 | RM0.36 | x |
| 2024-12-31 | RM0.29 | RM0.36 | x |
| 2025-12-31 | RM0.28 | RM0.36 | 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): -4.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.55%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.67x
- Recent ROE (-4.24%) is below the historical average (1.80%), suggesting potential challenges in 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 |
| 2025 | -4.24% | -3.55% | 0.71x | 1.67x | RM-27.96 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: $453,927,242
- Average return on equity (ROE) among peers: 1.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JAG Bhd (0024) | RM206.66 Million | 1.62% | 0.80x | $63.35 Million |
| Tex Cycle Technology M Bhd (0089) | $123.06 Million | 7.63% | 0.31x | $66.61 Million |
| Progressive Impact Corporation Bhd (7201) | $88.24 Million | -8.39% | 0.88x | $9.87 Million |
| Taliworks Corporation Bhd (8524) | $962.41 Million | 7.60% | 0.76x | $164.48 Million |
| Salcon Engineering Berhad (8567) | $642.00 Million | 0.78% | 0.48x | $58.43 Million |
About 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. It operates through Manufacturing, Trading, Lifestyle and Services, Investment, and Investment Property and Property Development segments. … Read more