Cuscapi Berhad (0051) - Net Assets
Based on the latest financial reports, Cuscapi Berhad (0051) has net assets worth RM56.93 Million MYR (≈ $14.29 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM67.35 Million ≈ $16.91 Million USD) and total liabilities (RM10.42 Million ≈ $2.62 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 Cuscapi Berhad liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM56.93 Million |
| % of Total Assets | 84.53% |
| Annual Growth Rate | 3.11% |
| 5-Year Change | 9.11% |
| 10-Year Change | 106.2% |
| Growth Volatility | 95.96 |
Cuscapi Berhad - Net Assets Trend (2006–2025)
This chart illustrates how Cuscapi Berhad's net assets have evolved over time, based on quarterly financial data. Also explore Cuscapi Berhad balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Cuscapi Berhad (2006–2025)
The table below shows the annual net assets of Cuscapi Berhad from 2006 to 2025. For live valuation and market cap data, see 0051 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM56.93 Million ≈ $14.29 Million |
+6.81% |
| 2024-12-31 | RM53.30 Million ≈ $13.38 Million |
-6.52% |
| 2023-12-31 | RM57.02 Million ≈ $14.32 Million |
+17.12% |
| 2022-12-31 | RM48.68 Million ≈ $12.22 Million |
-6.71% |
| 2021-12-31 | RM52.18 Million ≈ $13.10 Million |
-15.11% |
| 2020-12-31 | RM61.47 Million ≈ $15.43 Million |
+19.00% |
| 2019-12-31 | RM51.65 Million ≈ $12.97 Million |
-46.64% |
| 2018-12-31 | RM96.79 Million ≈ $24.30 Million |
+413.67% |
| 2017-12-31 | RM18.84 Million ≈ $4.73 Million |
-31.75% |
| 2016-12-31 | RM27.61 Million ≈ $6.93 Million |
-57.42% |
| 2015-12-31 | RM64.84 Million ≈ $16.28 Million |
-18.83% |
| 2014-12-31 | RM79.89 Million ≈ $20.06 Million |
-8.27% |
| 2013-12-31 | RM87.10 Million ≈ $21.87 Million |
+38.14% |
| 2012-12-31 | RM63.05 Million ≈ $15.83 Million |
+6.79% |
| 2011-12-31 | RM59.04 Million ≈ $14.82 Million |
+37.01% |
| 2010-12-31 | RM43.09 Million ≈ $10.82 Million |
+12.33% |
| 2009-12-31 | RM38.36 Million ≈ $9.63 Million |
+0.40% |
| 2008-12-31 | RM38.21 Million ≈ $9.59 Million |
-2.35% |
| 2007-12-31 | RM39.13 Million ≈ $9.82 Million |
+22.88% |
| 2006-12-31 | RM31.84 Million ≈ $7.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cuscapi Berhad'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM57.01 Million | 100.00% |
| Total Equity | RM57.01 Million | 100.00% |
Cuscapi Berhad Competitors by Market Cap
The table below lists competitors of Cuscapi Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
S-Energy Co.Ltd
KQ:095910
|
$22.54 Million |
|
Damartex
PA:ALDAR
|
$22.54 Million |
|
EL. D. Mouzakis S.A
AT:MOYZK
|
$22.54 Million |
|
Sangsangin Industry Co. Ltd.
KQ:101000
|
$22.56 Million |
|
MAG Interactive AB (publ)
ST:MAGI
|
$22.52 Million |
|
Leishen Energy Holding Co., Ltd. Ordinary Shares
NASDAQ:LSE
|
$22.52 Million |
|
Glunz & Jensen
CO:GJ
|
$22.51 Million |
|
Z-Com Inc
TWO:8176
|
$22.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cuscapi Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 53,365,706 to 57,010,841, a change of 3,645,135 (6.8%).
- Net income of 3,843,374 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,970,400.
- Other factors decreased equity by 3,168,639.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM3.84 Million | +6.74% |
| Other Comprehensive Income | RM2.97 Million | +5.21% |
| Other Changes | RM-3.17 Million | -5.56% |
| Total Change | RM- | 6.83% |
Book Value vs Market Value Analysis
This analysis compares Cuscapi Berhad'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: 1.57x
- 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 0.53x to 1.57x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.18 | RM0.10 | x |
| 2007-12-31 | RM0.18 | RM0.10 | x |
| 2008-12-31 | RM0.17 | RM0.10 | x |
| 2009-12-31 | RM0.17 | RM0.10 | x |
| 2010-12-31 | RM0.19 | RM0.10 | x |
| 2011-12-31 | RM0.26 | RM0.10 | x |
| 2012-12-31 | RM0.24 | RM0.10 | x |
| 2013-12-31 | RM0.18 | RM0.10 | x |
| 2014-12-31 | RM0.18 | RM0.10 | x |
| 2015-12-31 | RM0.15 | RM0.10 | x |
| 2016-12-31 | RM0.06 | RM0.10 | x |
| 2017-12-31 | RM0.04 | RM0.10 | x |
| 2018-12-31 | RM0.12 | RM0.10 | x |
| 2019-12-31 | RM0.06 | RM0.10 | x |
| 2020-12-31 | RM0.07 | RM0.10 | x |
| 2021-12-31 | RM0.06 | RM0.10 | x |
| 2022-12-31 | RM0.05 | RM0.10 | x |
| 2023-12-31 | RM0.06 | RM0.10 | x |
| 2024-12-31 | RM0.06 | RM0.10 | x |
| 2025-12-31 | RM0.06 | RM0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cuscapi Berhad 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): 6.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.66%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.18x
- Recent ROE (6.74%) is above the historical average (-14.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 16.50% | 17.77% | 0.71x | 1.31x | RM2.07 Million |
| 2007 | 17.15% | 17.35% | 0.82x | 1.21x | RM2.80 Million |
| 2008 | 2.57% | 2.70% | 0.86x | 1.11x | RM-2.84 Million |
| 2009 | 0.68% | 0.67% | 0.86x | 1.18x | RM-3.57 Million |
| 2010 | 21.17% | 18.65% | 0.93x | 1.22x | RM4.81 Million |
| 2011 | 14.62% | 16.10% | 0.79x | 1.14x | RM2.73 Million |
| 2012 | 10.75% | 11.50% | 0.77x | 1.21x | RM475.29K |
| 2013 | -4.52% | -8.12% | 0.49x | 1.13x | RM-12.62 Million |
| 2014 | -8.71% | -13.39% | 0.56x | 1.16x | RM-14.95 Million |
| 2015 | -37.79% | -55.94% | 0.58x | 1.16x | RM-30.99 Million |
| 2016 | -138.41% | -95.25% | 0.97x | 1.50x | RM-40.98 Million |
| 2017 | -130.34% | -73.81% | 0.64x | 2.75x | RM-26.45 Million |
| 2018 | -22.29% | -74.03% | 0.25x | 1.22x | RM-31.26 Million |
| 2019 | -28.65% | -70.94% | 0.26x | 1.58x | RM-19.98 Million |
| 2020 | -23.88% | -147.22% | 0.11x | 1.49x | RM-20.85 Million |
| 2021 | -10.13% | -53.48% | 0.12x | 1.53x | RM-10.52 Million |
| 2022 | -6.22% | -28.37% | 0.18x | 1.24x | RM-7.91 Million |
| 2023 | 2.41% | 7.42% | 0.27x | 1.19x | RM-4.33 Million |
| 2024 | 25.07% | 30.68% | 0.61x | 1.35x | RM8.04 Million |
| 2025 | 6.74% | 13.66% | 0.42x | 1.18x | RM-1.86 Million |
Industry Comparison
This section compares Cuscapi Berhad's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $110,696,079
- Average return on equity (ROE) among peers: -21.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cuscapi Berhad (0051) | RM56.93 Million | 16.50% | 0.18x | $22.54 Million |
| IFCA MSC Bhd (0023) | $124.50 Million | 13.95% | 0.33x | $33.88 Million |
| Nova MSC Bhd (0026) | $51.73 Million | -19.08% | 0.36x | $29.73 Million |
| MMAG Holdings Bhd (0034) | $376.25 Million | -6.02% | 1.13x | $14.57 Million |
| Systech Bhd (0050) | $25.96 Million | -83.40% | 0.45x | $34.61 Million |
| Excel Force MSC Bhd (0065) | $35.83 Million | 14.96% | 0.07x | $24.50 Million |
| N2N Connect Bhd (0108) | $263.32 Million | 10.29% | 0.13x | $44.85 Million |
| Appasia Bhd (0119) | $10.04 Million | -68.22% | 0.17x | $38.08 Million |
| DGB Asia Bhd (0152) | $41.54 Million | -41.13% | 0.06x | $2.49 Million |
| iDimension Consolidated Bhd (0174) | $67.07 Million | -11.02% | 1.58x | $4.51 Million |
About Cuscapi Berhad
Cuscapi Berhad, an investment holding company, engages in the software development business in Malaysia and rest of the South East Asia. It operates in Sale of POS and Trading of Digital Assets segments. The company offers restaurant management solutions, including point of sales solutions, outlet management solutions, information technology security solutions, information technology (IT) consult… Read more