GFM Services Bhd
GFM Services Berhad, an investment holding company, provides facilities management services in Malaysia. It operates through the Facilities Management, Concession Arrangements, Oil and Gas Services, and Others segments. The Facilities Management segment offers facilities operations, maintenance and management, engineering, consultancy, and advisory services. The Concession Arrangements segment co… Read more
GFM Services Bhd (0039) - Net Assets
Latest net assets as of September 2025: RM221.96 Million MYR
Based on the latest financial reports, GFM Services Bhd (0039) has net assets worth RM221.96 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 (RM644.83 Million) and total liabilities (RM422.88 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 | RM221.96 Million |
| % of Total Assets | 34.42% |
| Annual Growth Rate | 16.91% |
| 5-Year Change | 86.51% |
| 10-Year Change | N/A |
| Growth Volatility | 17.12 |
GFM Services Bhd - Net Assets Trend (2016–2024)
This chart illustrates how GFM Services 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 GFM Services Bhd (2016–2024)
The table below shows the annual net assets of GFM Services Bhd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM213.52 Million | +16.89% |
| 2023-12-31 | RM182.66 Million | +12.16% |
| 2022-12-31 | RM162.86 Million | +30.31% |
| 2021-12-31 | RM124.98 Million | +9.17% |
| 2020-12-31 | RM114.48 Million | +8.78% |
| 2019-12-31 | RM105.24 Million | +2.50% |
| 2018-12-31 | RM102.68 Million | +58.18% |
| 2017-12-31 | RM64.91 Million | +6.13% |
| 2016-12-31 | RM61.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GFM Services 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 627.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM95.20 Million | 44.59% |
| Common Stock | RM118.32 Million | 55.41% |
| Total Equity | RM213.52 Million | 100.00% |
GFM Services Bhd Competitors by Market Cap
The table below lists competitors of GFM Services Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LITIUM AB SK1
F:5TW
|
$11.19 Million |
|
SURGEPAYS INC. DL-001
F:9B90
|
$11.19 Million |
|
Big Ridge Gold Corp
OTCQB:ALVLF
|
$11.20 Million |
|
Aarey Drugs & Pharmaceuticals Limited
NSE:AAREYDRUGS
|
$11.20 Million |
|
Goldspot Discoveries Corp
OTCQX:SPOFF
|
$11.19 Million |
|
Sinmah Capital Bhd
KLSE:9776
|
$11.19 Million |
|
STXYF
PINK:STXYF
|
$11.18 Million |
|
Treatment.Com International Inc
OTCQB:TREIF
|
$11.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GFM Services Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 182,664,980 to 213,515,600, a change of 30,850,620 (16.9%).
- Net income of 23,706,550 contributed positively to equity growth.
- Dividend payments of 11,916,980 reduced retained earnings.
- Share repurchases of 15,180,000 reduced equity.
- New share issuances of 15,194,461 increased equity.
- Other factors increased equity by 19,046,589.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM23.71 Million | +11.1% |
| Dividends Paid | RM11.92 Million | -5.58% |
| Share Repurchases | RM15.18 Million | -7.11% |
| Share Issuances | RM15.19 Million | +7.12% |
| Other Changes | RM19.05 Million | +8.92% |
| Total Change | RM- | 16.89% |
Book Value vs Market Value Analysis
This analysis compares GFM Services 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: 0.57x
- 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 1.12x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.14 | RM0.16 | x |
| 2017-12-31 | RM0.15 | RM0.16 | x |
| 2018-12-31 | RM0.22 | RM0.16 | x |
| 2019-12-31 | RM0.22 | RM0.16 | x |
| 2020-12-31 | RM0.22 | RM0.16 | x |
| 2021-12-31 | RM0.23 | RM0.16 | x |
| 2022-12-31 | RM0.24 | RM0.16 | x |
| 2023-12-31 | RM0.26 | RM0.16 | x |
| 2024-12-31 | RM0.28 | RM0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GFM Services 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): 11.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.45%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.91x
- Recent ROE (11.10%) is below the historical average (12.93%), 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 | 21.33% | 14.17% | 0.96x | 1.57x | RM6.93 Million |
| 2017 | 15.32% | 9.53% | 1.01x | 1.59x | RM3.45 Million |
| 2018 | 21.81% | 18.29% | 0.23x | 5.28x | RM12.13 Million |
| 2019 | 5.65% | 4.48% | 0.26x | 4.94x | RM-4.58 Million |
| 2020 | 7.48% | 7.29% | 0.23x | 4.51x | RM-2.89 Million |
| 2021 | 8.01% | 8.06% | 0.24x | 4.10x | RM-2.49 Million |
| 2022 | 11.23% | 12.99% | 0.27x | 3.26x | RM2.00 Million |
| 2023 | 14.47% | 18.12% | 0.27x | 3.01x | RM8.17 Million |
| 2024 | 11.10% | 12.45% | 0.31x | 2.91x | RM2.35 Million |
Industry Comparison
This section compares GFM Services Bhd's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $164,611,403
- Average return on equity (ROE) among peers: -3.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GFM Services Bhd (0039) | RM221.96 Million | 21.33% | 1.91x | $11.19 Million |
| Efficient E Solutions Bhd (0064) | $137.94 Million | -5.50% | 0.01x | $2.71 Million |
| Scicom MSC Bhd (0099) | $52.06 Million | 16.01% | 0.18x | $41.53 Million |
| Advance Information Marketing Bhd (0122) | $12.53 Million | -41.20% | 0.26x | $1.32 Million |
| Frontken Corporation Bhd (0128) | $467.03 Million | 17.55% | 0.32x | $1.22 Billion |
| Xox Networks Bhd (0140) | $35.23 Million | -21.45% | 0.14x | $2.19 Million |
| MClean Technologies Bhd (0167) | $21.04 Million | -39.09% | 1.63x | $11.63 Million |
| Mtag Group Berhad (0213) | $179.74 Million | 16.80% | 0.12x | $9.73 Million |
| KJTS (0293) | $28.69 Million | 20.60% | 1.15x | $48.60 Million |
| Fima Corporation Bhd (3107) | $547.24 Million | 2.14% | 0.15x | $22.52 Million |