MY EG Services Bhd (0138) - Net Assets

Latest as of September 2025: RM3.50 Billion MYR ≈ $879.37 Million USD

Based on the latest financial reports, MY EG Services Bhd (0138) has net assets worth RM3.50 Billion MYR (≈ $879.37 Million USD) 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 ≈ $1.31 Billion USD) and total liabilities (RM1.73 Billion ≈ $433.67 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 MY EG Services Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore MY EG Services Bhd balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 0138 market cap.

Year	Net Assets	Change
2024-12-31	RM2.85 Billion ≈ $715.25 Million	+29.48%
2023-12-31	RM2.20 Billion ≈ $552.42 Million	+17.53%
2022-12-31	RM1.87 Billion ≈ $470.02 Million	+21.45%
2021-12-31	RM1.54 Billion ≈ $387.01 Million	+34.88%
2020-12-31	RM1.14 Billion ≈ $286.93 Million	+61.42%
2019-12-31	RM708.00 Million ≈ $177.75 Million	+25.55%
2018-12-31	RM563.90 Million ≈ $141.58 Million	+2.17%
2016-12-31	RM551.94 Million ≈ $138.57 Million	+37.94%
2015-12-31	RM400.14 Million ≈ $100.46 Million	+46.09%
2014-12-31	RM273.89 Million ≈ $68.77 Million	+55.04%
2013-12-31	RM176.66 Million ≈ $44.35 Million	+26.51%
2012-12-31	RM139.64 Million ≈ $35.06 Million	+17.67%
2011-12-31	RM118.67 Million ≈ $29.79 Million	+18.71%
2010-12-31	RM99.97 Million ≈ $25.10 Million	+18.38%
2009-12-31	RM84.44 Million ≈ $21.20 Million	+21.48%
2008-12-31	RM69.51 Million ≈ $17.45 Million	+40.60%
2007-12-31	RM49.44 Million ≈ $12.41 Million	+35.40%
2006-12-31	RM36.52 Million ≈ $9.17 Million	+112.16%
2005-12-31	RM17.21 Million ≈ $4.32 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
Magnite Inc NASDAQ:MGNI	$1.71 Billion
Recursion Pharmaceuticals Inc NASDAQ:RXRX	$1.71 Billion
Sichuan Furong Technology Co Ltd SHG:603327	$1.71 Billion
Shipping Corporation Of India Limited NSE:SCI	$1.71 Billion
Albany International Corporation NYSE:AIN	$1.71 Billion
SEPLAT ENERGY (DI) NA-50 F:134	$1.70 Billion
eToro Group Ltd. NASDAQ:ETOR	$1.70 Billion
Monarch Casino & Resort Inc NASDAQ:MCRI	$1.70 Billion

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: 2.28x
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 276.84x to 2.28x 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	RM0.87	x
2006-12-31	RM0.01	RM0.87	x
2007-12-31	RM0.01	RM0.87	x
2008-12-31	RM0.01	RM0.87	x
2009-12-31	RM0.01	RM0.87	x
2010-12-31	RM0.01	RM0.87	x
2011-12-31	RM0.02	RM0.87	x
2012-12-31	RM0.02	RM0.87	x
2013-12-31	RM0.02	RM0.87	x
2014-12-31	RM0.04	RM0.87	x
2015-12-31	RM0.06	RM0.87	x
2016-12-31	RM0.08	RM0.87	x
2018-12-31	RM0.10	RM0.87	x
2019-12-31	RM0.10	RM0.87	x
2020-12-31	RM0.16	RM0.87	x
2021-12-31	RM0.21	RM0.87	x
2022-12-31	RM0.25	RM0.87	x
2023-12-31	RM0.30	RM0.87	x
2024-12-31	RM0.38	RM0.87	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: $154,266,907
Average return on equity (ROE) among peers: -14.34%

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	$1.71 Billion
NetX Holdings Bhd (0020)	$18.58 Million	-64.13%	0.28x	$9.42 Million
Metronic Global Bhd (0043)	$81.55 Million	1.21%	0.91x	$1.92 Million
NCT Alliance Bhd (0056)	$802.53 Million	6.18%	1.24x	$302.73 Million
Vortex Consolidated Bhd (0060)	$312.11 Million	0.76%	0.09x	$72.28 Million
Lyc Healthcare Bhd (0075)	$15.22 Million	-112.15%	14.46x	$2.79 Million
Aldrich Resources Bhd (0079)	$100.72 Million	-3.93%	0.19x	$4.32 Million
Rexit Bhd (0106)	$40.70 Million	23.38%	0.11x	$25.22 Million
Privasia Technology Bhd (0123)	$62.42 Million	-7.47%	0.54x	$13.57 Million
Microlink Solutions Bhd (0126)	$56.55 Million	2.38%	2.08x	$32.31 Million
Diversified Gateway Solutions Bhd (0131)	$52.29 Million	10.35%	1.63x	$15.91 Million

About MY EG Services Bhd

KLSE:0138 Malaysia Information Technology Services

Market Cap

$1.71 Billion

RM6.80 Billion MYR

Market Cap Rank

#6932 Global

#61 in Malaysia

Share Price

RM0.87

Change (1 day)

+0.58%

52-Week Range

RM0.69 - RM1.00

All Time High

RM1.32