GD Express Carrier Bhd (0078) - Net Assets
Based on the latest financial reports, GD Express Carrier Bhd (0078) has net assets worth RM410.76 Million MYR (≈ $103.13 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 (RM578.10 Million ≈ $145.14 Million USD) and total liabilities (RM167.34 Million ≈ $42.01 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. Explore GD Express Carrier Bhd cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM410.76 Million |
| % of Total Assets | 71.05% |
| Annual Growth Rate | 14.52% |
| 5-Year Change | -13.37% |
| 10-Year Change | 204.24% |
| Growth Volatility | 40.25 |
GD Express Carrier Bhd - Net Assets Trend (2006–2025)
This chart illustrates how GD Express Carrier Bhd's net assets have evolved over time, based on quarterly financial data. Also explore how large is GD Express Carrier Bhd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for GD Express Carrier Bhd (2006–2025)
The table below shows the annual net assets of GD Express Carrier Bhd from 2006 to 2025. For live valuation and market cap data, see 0078 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM430.07 Million ≈ $107.98 Million |
+3.28% |
| 2024-06-30 | RM416.40 Million ≈ $104.55 Million |
-15.06% |
| 2023-06-30 | RM490.21 Million ≈ $123.08 Million |
+1.72% |
| 2022-06-30 | RM481.91 Million ≈ $120.99 Million |
-2.93% |
| 2020-06-30 | RM496.43 Million ≈ $124.64 Million |
+3.60% |
| 2019-06-30 | RM479.16 Million ≈ $120.30 Million |
+6.56% |
| 2018-06-30 | RM449.68 Million ≈ $112.90 Million |
+5.52% |
| 2017-06-30 | RM426.15 Million ≈ $106.99 Million |
+10.17% |
| 2016-06-30 | RM386.81 Million ≈ $97.11 Million |
+173.63% |
| 2015-06-30 | RM141.36 Million ≈ $35.49 Million |
+45.21% |
| 2014-06-30 | RM97.35 Million ≈ $24.44 Million |
+49.61% |
| 2013-06-30 | RM65.07 Million ≈ $16.34 Million |
+24.60% |
| 2012-06-30 | RM52.23 Million ≈ $13.11 Million |
+11.76% |
| 2011-06-30 | RM46.73 Million ≈ $11.73 Million |
+10.25% |
| 2010-06-30 | RM42.39 Million ≈ $10.64 Million |
+8.84% |
| 2009-06-30 | RM38.94 Million ≈ $9.78 Million |
+1.73% |
| 2008-06-30 | RM38.28 Million ≈ $9.61 Million |
+10.14% |
| 2007-06-30 | RM34.76 Million ≈ $8.73 Million |
+6.32% |
| 2006-06-30 | RM32.69 Million ≈ $8.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GD Express Carrier 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 9660700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM96.61 Million | 23.75% |
| Common Stock | RM337.90 Million | 83.06% |
| Total Equity | RM406.83 Million | 100.00% |
GD Express Carrier Bhd Competitors by Market Cap
The table below lists competitors of GD Express Carrier Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eaton Vance New York MBF
NYSE MKT:ENX
|
$179.61 Million |
|
Shandong Molong Petroleum Machinery Company Limited
F:PXI
|
$179.66 Million |
|
Lifecore Biomedical Inc.
NASDAQ:LFCR
|
$179.67 Million |
|
GTM Holdings Corp
TW:1437
|
$179.67 Million |
|
Lealea Enterprise Co Ltd
TW:1444
|
$179.57 Million |
|
Castles Technology Co Ltd
TW:5258
|
$179.52 Million |
|
Perma-Fix Environmental Svcs Inc
NASDAQ:PESI
|
$179.52 Million |
|
Binh Dinh Pharmaceutical and Medical Equipment JSC
VN:DBD
|
$179.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GD Express Carrier Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 416,403,530 to 406,833,066, a change of -9,570,464 (-2.3%).
- Net loss of 1,855,087 reduced equity.
- Dividend payments of 7,085,390 reduced retained earnings.
- Share repurchases of 207,956 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-1.86 Million | -0.46% |
| Dividends Paid | RM7.09 Million | -1.74% |
| Share Repurchases | RM207.96K | -0.05% |
| Other Changes | RM-422.03K | -0.1% |
| Total Change | RM- | -2.30% |
Book Value vs Market Value Analysis
This analysis compares GD Express Carrier 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: 1.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 16.36x to 1.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-06-30 | RM0.01 | RM0.13 | x |
| 2007-06-30 | RM0.01 | RM0.13 | x |
| 2008-06-30 | RM0.01 | RM0.13 | x |
| 2009-06-30 | RM0.01 | RM0.13 | x |
| 2010-06-30 | RM0.01 | RM0.13 | x |
| 2011-06-30 | RM0.01 | RM0.13 | x |
| 2012-06-30 | RM0.01 | RM0.13 | x |
| 2013-06-30 | RM0.01 | RM0.13 | x |
| 2014-06-30 | RM0.02 | RM0.13 | x |
| 2015-06-30 | RM0.03 | RM0.13 | x |
| 2016-06-30 | RM0.07 | RM0.13 | x |
| 2017-06-30 | RM0.07 | RM0.13 | x |
| 2018-06-30 | RM0.08 | RM0.13 | x |
| 2019-06-30 | RM0.09 | RM0.13 | x |
| 2020-06-30 | RM0.09 | RM0.13 | x |
| 2022-06-30 | RM0.09 | RM0.13 | x |
| 2023-06-30 | RM0.08 | RM0.13 | x |
| 2024-06-30 | RM0.08 | RM0.13 | x |
| 2025-06-30 | RM0.07 | RM0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GD Express Carrier 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): -0.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.44%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.48x
- Recent ROE (-0.46%) is below the historical average (8.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 3.69% | 2.63% | 1.10x | 1.27x | RM-2.06 Million |
| 2007 | 6.00% | 3.64% | 1.24x | 1.33x | RM-1.39 Million |
| 2008 | 7.77% | 4.37% | 1.28x | 1.39x | RM-852.61K |
| 2009 | 5.35% | 2.77% | 1.40x | 1.38x | RM-1.81 Million |
| 2010 | 14.04% | 7.27% | 1.43x | 1.35x | RM1.71 Million |
| 2011 | 14.93% | 7.50% | 1.07x | 1.85x | RM2.30 Million |
| 2012 | 16.74% | 7.52% | 1.22x | 1.83x | RM3.52 Million |
| 2013 | 20.93% | 10.07% | 1.26x | 1.65x | RM7.11 Million |
| 2014 | 24.02% | 14.73% | 1.14x | 1.44x | RM13.65 Million |
| 2015 | 20.02% | 14.38% | 1.04x | 1.34x | RM14.16 Million |
| 2016 | 8.90% | 15.67% | 0.51x | 1.12x | RM-4.24 Million |
| 2017 | 8.64% | 14.70% | 0.52x | 1.12x | RM-5.79 Million |
| 2018 | 5.25% | 8.06% | 0.57x | 1.15x | RM-21.34 Million |
| 2019 | 6.78% | 10.34% | 0.56x | 1.16x | RM-15.45 Million |
| 2020 | 3.84% | 5.09% | 0.55x | 1.36x | RM-29.78 Million |
| 2022 | 8.60% | 6.51% | 1.00x | 1.32x | RM-6.73 Million |
| 2023 | -3.31% | -4.00% | 0.58x | 1.44x | RM-61.65 Million |
| 2024 | -8.36% | -8.76% | 0.65x | 1.46x | RM-76.44 Million |
| 2025 | -0.46% | -0.44% | 0.70x | 1.48x | RM-42.54 Million |
Industry Comparison
This section compares GD Express Carrier Bhd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $175,873,910
- Average return on equity (ROE) among peers: -4.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GD Express Carrier Bhd (0078) | RM410.76 Million | 3.69% | 0.41x | $179.61 Million |
| Ancom Logistics Bhd (0048) | $24.06 Million | -3.29% | 0.97x | $8.32 Million |
| Straits Inter Logistics Bhd (0080) | $177.60 Million | 3.98% | 2.42x | $8.74 Million |
| Tri-Mode System M Bhd (0199) | $92.65 Million | 2.66% | 0.82x | $7.09 Million |
| KGW Group Berhad (0282) | $11.80 Million | 133.57% | 3.18x | $12.12 Million |
| AGX Group Berhad (0299) | $36.78 Million | 16.15% | 1.46x | $43.47 Million |
| Sin-Kung Logistics Berhad (0305) | $53.87 Million | 22.91% | 1.05x | $24.10 Million |
| Harbour Link Group Bhd (2062) | $397.89 Million | 6.28% | 0.64x | $143.10 Million |
| POS Malaysia&Services Holdings Bhd (4634) | $89.25 Million | -234.48% | 20.83x | $60.92 Million |
| Tasco Bhd (5140) | $698.98 Million | 8.83% | 1.39x | $80.34 Million |
About GD Express Carrier Bhd
GDEX Berhad, an investment holding company, provides express delivery and logistics services in Malaysia, Singapore, Vietnam, and Indonesia. It operates through Express Delivery, Logistics, Information Technology, Property Management, and Others segment. The company offers domestic express delivery services, including next day delivery, same day delivery, cash on delivery, reverse charge, securit… Read more