Asia Poly Holdings Bhd
Asia Poly Holdings Berhad, an investment holding company, manufactures and sells cell cast acrylic sheets. The company operates through Investment holdings, Manufacturing, Property development, Renewable energy, and Others segments. It offers cell cast acrylic products under the A-Cast brand for use in building, food industry/catering, domestic, transport, medical, and miscellaneous applications.… Read more
Asia Poly Holdings Bhd (0105) - Net Assets
Latest net assets as of September 2025: RM122.42 Million MYR
Based on the latest financial reports, Asia Poly Holdings Bhd (0105) has net assets worth RM122.42 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 (RM199.81 Million) and total liabilities (RM77.39 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 | RM122.42 Million |
| % of Total Assets | 61.27% |
| Annual Growth Rate | 14.79% |
| 5-Year Change | -16.42% |
| 10-Year Change | N/A |
| Growth Volatility | 33.75 |
Asia Poly Holdings Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Asia Poly Holdings 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 Asia Poly Holdings Bhd (2015–2024)
The table below shows the annual net assets of Asia Poly Holdings Bhd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM120.93 Million | -5.44% |
| 2023-12-31 | RM127.89 Million | -9.68% |
| 2022-12-31 | RM141.59 Million | -13.90% |
| 2021-12-31 | RM164.45 Million | +13.66% |
| 2020-12-31 | RM144.68 Million | +82.87% |
| 2019-12-31 | RM79.12 Million | -6.20% |
| 2018-12-31 | RM84.35 Million | +6.17% |
| 2017-12-31 | RM79.45 Million | +33.53% |
| 2016-12-31 | RM59.50 Million | +70.31% |
| 2015-12-31 | RM34.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Poly Holdings 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 decreased by 438.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM149.90 Million | 123.96% |
| Total Equity | RM120.93 Million | 100.00% |
Asia Poly Holdings Bhd Competitors by Market Cap
The table below lists competitors of Asia Poly Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Europacorp
PA:ALECP
|
$6.67 Million |
|
Spineway
PA:ALSPW
|
$6.68 Million |
|
Adhi Commuter Properti Tbk PT
JK:ADCP
|
$6.68 Million |
|
MOSTOSTAL Płock SA
WAR:MSP
|
$6.68 Million |
|
IL&FS Engineering and Construction Company Limited
NSE:IL&FSENGG
|
$6.67 Million |
|
Putra Rajawali Kencana PT
JK:PURA
|
$6.67 Million |
|
GUARDIAN EXPLORATION NEW
F:R6B
|
$6.67 Million |
|
New Zealand Energy Corp
PINK:NZERF
|
$6.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Poly Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 127,886,350 to 120,927,550, a change of -6,958,800 (-5.4%).
- Net loss of 11,020,630 reduced equity.
- Share repurchases of 6,709,520 reduced equity.
- New share issuances of 6,709,521 increased equity.
- Other factors increased equity by 4,061,829.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-11.02 Million | -9.11% |
| Share Repurchases | RM6.71 Million | -5.55% |
| Share Issuances | RM6.71 Million | +5.55% |
| Other Changes | RM4.06 Million | +3.36% |
| Total Change | RM- | -5.44% |
Book Value vs Market Value Analysis
This analysis compares Asia Poly Holdings 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: 0.74x
- 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 0.43x to 0.74x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.20 | RM0.09 | x |
| 2017-12-31 | RM0.24 | RM0.09 | x |
| 2018-12-31 | RM0.19 | RM0.09 | x |
| 2019-12-31 | RM0.17 | RM0.09 | x |
| 2020-12-31 | RM0.18 | RM0.09 | x |
| 2021-12-31 | RM0.19 | RM0.09 | x |
| 2022-12-31 | RM0.15 | RM0.09 | x |
| 2023-12-31 | RM0.13 | RM0.09 | x |
| 2024-12-31 | RM0.11 | RM0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Poly Holdings 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): -9.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.41%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.71x
- Recent ROE (-9.11%) is below the historical average (-0.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 13.19% | 8.12% | 0.85x | 1.90x | RM1.11 Million |
| 2016 | 6.83% | 6.99% | 0.74x | 1.32x | RM-1.89 Million |
| 2017 | 0.81% | 0.78% | 0.78x | 1.34x | RM-7.30 Million |
| 2018 | -3.38% | -3.91% | 0.67x | 1.29x | RM-11.29 Million |
| 2019 | -5.84% | -6.31% | 0.70x | 1.32x | RM-12.53 Million |
| 2020 | 11.07% | 19.89% | 0.40x | 1.41x | RM1.54 Million |
| 2021 | -4.86% | -9.50% | 0.36x | 1.42x | RM-24.44 Million |
| 2022 | -7.03% | -10.82% | 0.39x | 1.67x | RM-24.12 Million |
| 2023 | -7.55% | -8.71% | 0.52x | 1.67x | RM-22.45 Million |
| 2024 | -9.11% | -9.41% | 0.57x | 1.71x | RM-23.11 Million |
Industry Comparison
This section compares Asia Poly Holdings Bhd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $123,271,580
- Average return on equity (ROE) among peers: 4.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Poly Holdings Bhd (0105) | RM122.42 Million | 13.19% | 0.63x | $6.67 Million |
| Karyon Industries Bhd (0054) | $77.22 Million | 4.62% | 0.20x | $6.87 Million |
| Sersol Bhd (0055) | $16.03 Million | -7.66% | 0.40x | $2.78 Million |
| ES Ceramics Technology Bhd (0100) | $32.96 Million | 16.97% | 0.13x | $8.07 Million |
| Dpi Holdings Berhad (0205) | $80.83 Million | 14.67% | 0.12x | $2.94 Million |
| Polymer Link Holdings Berhad (0381) | $80.14 Million | 18.72% | 0.81x | $5.49 Million |
| Comfort Gloves Bhd (2127) | $87.78 Million | -6.41% | 0.89x | $9.27 Million |
| Hexza Corporation Bhd (3298) | $244.22 Million | 6.33% | 0.08x | $19.98 Million |
| Ancom Berhad (4758) | $402.00 Million | -4.98% | 1.42x | $109.07 Million |
| Paos Holdings Bhd (5022) | $88.25 Million | 0.11% | 0.67x | $2.81 Million |