GFM Services Bhd (0039) - Net Assets

Latest as of June 2026: RM238.03 Million MYR ≈ $59.76 Million USD

Based on the latest financial reports, GFM Services Bhd (0039) has net assets worth RM238.03 Million MYR (≈ $59.76 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM700.03 Million ≈ $175.75 Million USD) and total liabilities (RM462.00 Million ≈ $115.99 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. Check 0039 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets RM238.03 Million
% of Total Assets 34.0%
Annual Growth Rate 15.45%
5-Year Change 78.26%
10-Year Change N/A
Growth Volatility 16.7

GFM Services Bhd - Net Assets Trend (2016–2025)

This chart illustrates how GFM Services Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 0039 market cap.

Annual Net Assets for GFM Services Bhd (2016–2025)

The table below shows the annual net assets of GFM Services Bhd from 2016 to 2025. Also explore net asset momentum of GFM Services Bhd to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-12-31 RM222.80 Million
≈ $55.94 Million		 +4.35%
2024-12-31 RM213.52 Million
≈ $53.61 Million		 +16.89%
2023-12-31 RM182.66 Million
≈ $45.86 Million		 +12.16%
2022-12-31 RM162.86 Million
≈ $40.89 Million		 +30.31%
2021-12-31 RM124.98 Million
≈ $31.38 Million		 +9.17%
2020-12-31 RM114.48 Million
≈ $28.74 Million		 +8.78%
2019-12-31 RM105.24 Million
≈ $26.42 Million		 +2.50%
2018-12-31 RM102.68 Million
≈ $25.78 Million		 +58.18%
2017-12-31 RM64.91 Million
≈ $16.30 Million		 +6.13%
2016-12-31 RM61.16 Million
≈ $15.36 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 697.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings RM104.47 Million 46.89%
Common Stock RM118.32 Million 53.11%
Total Equity RM222.80 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
LEMON Co. Ltd
KQ:294140
 $36.22 Million
OTRS AG
F:TR9
 $36.22 Million
Shanghai Guijiu Co Ltd
SHG:600696
 $36.22 Million
Impact Coatings publ AB
ST:IMPC
 $36.23 Million
Iktinos Hellas S.A. Greek Marble Industry Technical and Touristic Company
AT:IKTIN
 $36.20 Million
Aeries Technology Inc.
NASDAQ:AERT
 $36.19 Million
Monalisa
KO:012690
 $36.17 Million
Aviation Links Ltd
TA:AVIA
 $36.17 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 2024 to 2025, total equity changed from 213,515,600 to 222,796,000, a change of 9,280,400 (4.3%).
  • Net income of 15,124,000 contributed positively to equity growth.
  • Dividend payments of 24,848,000 reduced retained earnings.
  • Share repurchases of 4,000 reduced equity.
  • New share issuances of 4,000 increased equity.
  • Other factors increased equity by 19,004,400.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income RM15.12 Million +6.79%
Dividends Paid RM24.85 Million -11.15%
Share Repurchases RM4.00K -0.0%
Share Issuances RM4.00K +0.0%
Other Changes RM19.00 Million +8.53%
Total Change RM- 4.35%

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: 0.65x
  • 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 1.33x to 0.65x 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 RM0.19 x
2017-12-31 RM0.15 RM0.19 x
2018-12-31 RM0.22 RM0.19 x
2019-12-31 RM0.22 RM0.19 x
2020-12-31 RM0.22 RM0.19 x
2021-12-31 RM0.23 RM0.19 x
2022-12-31 RM0.24 RM0.19 x
2023-12-31 RM0.26 RM0.19 x
2024-12-31 RM0.28 RM0.19 x
2025-12-31 RM0.29 RM0.19 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): 6.79%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.25%
  • • Asset Turnover: 0.30x
  • • Equity Multiplier: 3.09x
  • Recent ROE (6.79%) is below the historical average (12.32%), 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
2025 6.79% 7.25% 0.30x 3.09x RM-7.16 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: $148,955,190
  • Average return on equity (ROE) among peers: 3.87%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
GFM Services Bhd (0039) RM238.03 Million 21.33% 1.94x $36.21 Million
Efficient E Solutions Bhd (0064) $121.92 Million -2.77% 0.05x $20.93 Million
Scicom MSC Bhd (0099) $80.20 Million 43.26% 0.18x $200.80 Million
Advance Information Marketing Bhd (0122) $19.57 Million -19.40% 0.14x $5.39 Million
Frontken Corporation Bhd (0128) $213.01 Million 1.79% 0.47x $1.99 Billion
Xox Networks Bhd (0140) $62.76 Million -9.08% 0.15x $7.13 Million
MClean Technologies Bhd (0167) $23.53 Million -10.36% 1.64x $44.51 Million
Mtag Group Berhad (0213) $218.31 Million 5.66% 0.12x $34.86 Million
KJTS (0293) $36.07 Million 19.04% 0.81x $169.85 Million
Fima Corporation Bhd (3107) $565.24 Million 6.67% 0.27x $92.80 Million

About GFM Services Bhd

KLSE:0039 Malaysia Specialty Business Services
Market Cap
$36.21 Million
RM144.24 Million MYR
Market Cap Rank
#23196 Global
#549 in Malaysia
Share Price
RM0.19
Change (1 day)
+2.70%
52-Week Range
RM0.15 - RM0.22
All Time High
RM0.64
Categories
Companies in Malaysia Specialty Business Services
About

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. Its Concession Arrangements segment co… Read more