MY EG Services Bhd
Zetrix AI Berhad, an investment holding company, develops and implements electronic government services project, and provides other related services in Malaysia and internationally. The company offers software solutions and maintenance services; auto insurance intermediary and other related ancillary services; management and consultancy services; advertisement and marketing services; and foreign … Read more
MY EG Services Bhd (0138) - Net Assets
Latest net assets as of September 2025: RM3.50 Billion MYR
Based on the latest financial reports, MY EG Services Bhd (0138) has net assets worth RM3.50 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM5.23 Billion) and total liabilities (RM1.73 Billion). 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 | RM3.50 Billion |
| % of Total Assets | 66.97% |
| Annual Growth Rate | 30.85% |
| 5-Year Change | 149.28% |
| 10-Year Change | 940.13% |
| Growth Volatility | 23.57 |
MY EG Services Bhd - Net Assets Trend (2005–2024)
This chart illustrates how MY EG Services 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 MY EG Services Bhd (2005–2024)
The table below shows the annual net assets of MY EG Services Bhd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM2.85 Billion | +29.48% |
| 2023-12-31 | RM2.20 Billion | +17.53% |
| 2022-12-31 | RM1.87 Billion | +21.45% |
| 2021-12-31 | RM1.54 Billion | +34.88% |
| 2020-12-31 | RM1.14 Billion | +61.42% |
| 2019-12-31 | RM708.00 Million | +25.55% |
| 2018-12-31 | RM563.90 Million | +2.17% |
| 2016-12-31 | RM551.94 Million | +37.94% |
| 2015-12-31 | RM400.14 Million | +46.09% |
| 2014-12-31 | RM273.89 Million | +55.04% |
| 2013-12-31 | RM176.66 Million | +26.51% |
| 2012-12-31 | RM139.64 Million | +17.67% |
| 2011-12-31 | RM118.67 Million | +18.71% |
| 2010-12-31 | RM99.97 Million | +18.38% |
| 2009-12-31 | RM84.44 Million | +21.48% |
| 2008-12-31 | RM69.51 Million | +40.60% |
| 2007-12-31 | RM49.44 Million | +35.40% |
| 2006-12-31 | RM36.52 Million | +112.16% |
| 2005-12-31 | RM17.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MY EG 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 26690.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.89 Billion | 66.43% |
| Common Stock | RM1.02 Billion | 35.94% |
| Other Comprehensive Income | RM14.23 Million | 0.50% |
| Total Equity | RM2.85 Billion | 100.00% |
MY EG Services Bhd Competitors by Market Cap
The table below lists competitors of MY EG Services Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PSK Inc
KQ:319660
|
$966.99 Million |
|
Medicover AB
F:5M0B
|
$967.15 Million |
|
SURUGA BK
F:URU
|
$967.58 Million |
|
Bradespar S.A
SA:BRAP3
|
$967.74 Million |
|
PENNANT GROUP DL -001
F:1ZU
|
$966.88 Million |
|
Shenzhen Noposion Agrochemicals Co Ltd
SHE:002215
|
$966.86 Million |
|
Dime Community Bancshares, Inc. 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034
NASDAQ:DCOMG
|
$966.41 Million |
|
HFCL Limited
NSE:HFCL
|
$966.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MY EG Services Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,204,088,000 to 2,851,395,000, a change of 647,307,000 (29.4%).
- Net income of 707,690,000 contributed positively to equity growth.
- Dividend payments of 144,290,000 reduced retained earnings.
- Share repurchases of 385,000 reduced equity.
- New share issuances of 62,786,000 increased equity.
- Other comprehensive income increased equity by 14,906,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM707.69 Million | +24.82% |
| Dividends Paid | RM144.29 Million | -5.06% |
| Share Repurchases | RM385.00K | -0.01% |
| Share Issuances | RM62.79 Million | +2.2% |
| Other Comprehensive Income | RM14.91 Million | +0.52% |
| Other Changes | RM6.60 Million | +0.23% |
| Total Change | RM- | 29.37% |
Book Value vs Market Value Analysis
This analysis compares MY EG 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: 2.06x
- 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 249.79x to 2.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | RM0.00 | RM0.79 | x |
| 2006-12-31 | RM0.01 | RM0.79 | x |
| 2007-12-31 | RM0.01 | RM0.79 | x |
| 2008-12-31 | RM0.01 | RM0.79 | x |
| 2009-12-31 | RM0.01 | RM0.79 | x |
| 2010-12-31 | RM0.01 | RM0.79 | x |
| 2011-12-31 | RM0.02 | RM0.79 | x |
| 2012-12-31 | RM0.02 | RM0.79 | x |
| 2013-12-31 | RM0.02 | RM0.79 | x |
| 2014-12-31 | RM0.04 | RM0.79 | x |
| 2015-12-31 | RM0.06 | RM0.79 | x |
| 2016-12-31 | RM0.08 | RM0.79 | x |
| 2018-12-31 | RM0.10 | RM0.79 | x |
| 2019-12-31 | RM0.10 | RM0.79 | x |
| 2020-12-31 | RM0.16 | RM0.79 | x |
| 2021-12-31 | RM0.21 | RM0.79 | x |
| 2022-12-31 | RM0.25 | RM0.79 | x |
| 2023-12-31 | RM0.30 | RM0.79 | x |
| 2024-12-31 | RM0.38 | RM0.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MY EG 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): 24.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 69.59%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.49x
- Recent ROE (24.82%) is below the historical average (25.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 23.44% | 20.86% | 1.01x | 1.11x | RM2.30 Million |
| 2006 | 19.50% | 27.87% | 0.66x | 1.06x | RM3.46 Million |
| 2007 | 29.94% | 29.99% | 0.85x | 1.18x | RM9.84 Million |
| 2008 | 24.76% | 32.77% | 0.65x | 1.16x | RM10.25 Million |
| 2009 | 24.69% | 33.58% | 0.65x | 1.13x | RM12.41 Million |
| 2010 | 22.14% | 37.61% | 0.48x | 1.22x | RM12.13 Million |
| 2011 | 23.04% | 40.86% | 0.45x | 1.26x | RM15.48 Million |
| 2012 | 24.96% | 45.56% | 0.42x | 1.30x | RM20.89 Million |
| 2013 | 28.37% | 45.61% | 0.47x | 1.34x | RM32.45 Million |
| 2014 | 24.88% | 48.15% | 0.32x | 1.63x | RM40.75 Million |
| 2015 | 35.69% | 50.71% | 0.39x | 1.81x | RM102.84 Million |
| 2016 | 36.41% | 54.28% | 0.43x | 1.56x | RM146.17 Million |
| 2018 | 18.16% | 23.30% | 0.50x | 1.56x | RM46.37 Million |
| 2019 | 34.01% | 52.58% | 0.45x | 1.44x | RM171.18 Million |
| 2020 | 23.38% | 50.65% | 0.37x | 1.23x | RM153.73 Million |
| 2021 | 20.42% | 43.77% | 0.38x | 1.22x | RM161.23 Million |
| 2022 | 21.25% | 61.23% | 0.26x | 1.35x | RM211.06 Million |
| 2023 | 22.12% | 62.98% | 0.24x | 1.46x | RM267.24 Million |
| 2024 | 24.82% | 69.59% | 0.24x | 1.49x | RM422.55 Million |
Industry Comparison
This section compares MY EG Services Bhd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $94,720,524
- Average return on equity (ROE) among peers: 0.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MY EG Services Bhd (0138) | RM3.50 Billion | 23.44% | 0.49x | $966.89 Million |
| NetX Holdings Bhd (0020) | $126.46 Million | -12.36% | 0.27x | $4.06 Million |
| Metronic Global Bhd (0043) | $117.53 Million | -17.40% | 0.38x | $1.70 Million |
| NCT Alliance Bhd (0056) | $74.47 Million | 10.52% | 0.38x | $62.35 Million |
| Vortex Consolidated Bhd (0060) | $312.11 Million | 0.76% | 0.09x | $20.06 Million |
| Lyc Healthcare Bhd (0075) | $9.20 Million | -21.64% | 1.46x | $1.11 Million |
| Aldrich Resources Bhd (0079) | $22.35 Million | -5.12% | 0.36x | $2.20 Million |
| Rexit Bhd (0106) | $40.70 Million | 23.38% | 0.11x | $4.95 Million |
| Privasia Technology Bhd (0123) | $80.44 Million | 0.14% | 0.68x | $4.58 Million |
| Microlink Solutions Bhd (0126) | $119.48 Million | 26.58% | 0.72x | $15.73 Million |
| Diversified Gateway Solutions Bhd (0131) | $44.48 Million | 0.94% | 0.92x | $6.51 Million |