Cuscapi Berhad (0051) - Net Assets

Latest as of June 2026: RM58.69 Million MYR ≈ $14.73 Million USD

Based on the latest financial reports, Cuscapi Berhad (0051) has net assets worth RM58.69 Million MYR (≈ $14.73 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 (RM80.10 Million ≈ $20.11 Million USD) and total liabilities (RM21.42 Million ≈ $5.38 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 (0051) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM58.69 Million
% of Total Assets	73.26%
Annual Growth Rate	3.11%
5-Year Change	9.1%
10-Year Change	106.19%
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. For live market cap and overall valuation, see market cap of Cuscapi Berhad.

Annual Net Assets for Cuscapi Berhad (2006–2025)

The table below shows the annual net assets of Cuscapi Berhad from 2006 to 2025. Also explore Cuscapi Berhad (0051) equity growth momentum to track the company's year-over-year net asset growth rate.

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	--

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 14320352700.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	RM203.37 Million	356.74%
Other Comprehensive Income	RM-3.16 Million	-5.55%
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
Just Group plc LSE:JUST	$11.86 Million
GR.SOU.COP. LS-01 F:E9E	$11.86 Million
Beneficient Class A Common Stock NASDAQ:BENF	$11.87 Million
Energy Metals Ltd AU:EME	$11.87 Million
MedX Health Corp V:MDX	$11.86 Million
Transkon Jaya Pt JK:TRJA	$11.86 Million
Volcano Bhd KLSE:0232	$11.86 Million
S F Capital Bhd KLSE:8745	$11.86 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 57,009,398, a change of 3,643,692 (6.8%).
Net income of 3,834,939 contributed positively to equity growth.
Other comprehensive income decreased equity by 191,248.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM3.83 Million	+6.73%
Other Comprehensive Income	RM-191.25K	-0.34%
Other Changes	RM1.00	+0.0%
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: 0.83x
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 increased from 0.28x to 0.83x 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	RM0.05	x
2007-12-31	RM0.18	RM0.05	x
2008-12-31	RM0.17	RM0.05	x
2009-12-31	RM0.17	RM0.05	x
2010-12-31	RM0.19	RM0.05	x
2011-12-31	RM0.26	RM0.05	x
2012-12-31	RM0.24	RM0.05	x
2013-12-31	RM0.18	RM0.05	x
2014-12-31	RM0.18	RM0.05	x
2015-12-31	RM0.15	RM0.05	x
2016-12-31	RM0.06	RM0.05	x
2017-12-31	RM0.04	RM0.05	x
2018-12-31	RM0.12	RM0.05	x
2019-12-31	RM0.06	RM0.05	x
2020-12-31	RM0.07	RM0.05	x
2021-12-31	RM0.06	RM0.05	x
2022-12-31	RM0.05	RM0.05	x
2023-12-31	RM0.06	RM0.05	x
2024-12-31	RM0.06	RM0.05	x
2025-12-31	RM0.06	RM0.05	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): 6.73%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.63%
• Asset Turnover: 0.42x
• Equity Multiplier: 1.18x
Recent ROE (6.73%) 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	6.73%	13.63%	0.42x	1.18x	RM-1.87 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: $94,872,087
Average return on equity (ROE) among peers: -12.28%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cuscapi Berhad (0051)	RM58.69 Million	16.50%	0.36x	$11.86 Million
IFCA MSC Bhd (0023)	$121.59 Million	4.89%	0.28x	$30.12 Million
Nova MSC Bhd (0026)	$37.78 Million	-32.52%	0.70x	$32.44 Million
MMAG Holdings Bhd (0034)	$287.36 Million	11.34%	1.96x	$11.66 Million
Systech Bhd (0050)	$18.51 Million	-29.98%	1.18x	$26.62 Million
Excel Force MSC Bhd (0065)	$4.14 Million	36.54%	0.18x	$34.45 Million
N2N Connect Bhd (0108)	$284.73 Million	6.19%	0.08x	$43.45 Million
Appasia Bhd (0119)	$10.04 Million	-68.22%	0.17x	$39.81 Million
DGB Asia Bhd (0152)	$41.54 Million	-41.13%	0.06x	$2.90 Million
iDimension Consolidated Bhd (0174)	$48.16 Million	2.34%	0.33x	$3.38 Million

About Cuscapi Berhad

KLSE:0051 Malaysia Software - Application

Market Cap

$11.86 Million

RM47.24 Million MYR

Market Cap Rank

#26697 Global

#805 in Malaysia

Share Price

RM0.05

Change (1 day)

+0.00%

52-Week Range

RM0.05 - RM0.16

All Time High

RM0.62