Kanger International Bhd (0170) - Net Assets
Based on the latest financial reports, Kanger International Bhd (0170) has net assets worth RM216.94 Million MYR (≈ $54.47 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 (RM253.50 Million ≈ $63.64 Million USD) and total liabilities (RM36.56 Million ≈ $9.18 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 Kanger International Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM216.94 Million |
| % of Total Assets | 85.58% |
| Annual Growth Rate | 8.44% |
| 5-Year Change | -16.48% |
| 10-Year Change | N/A |
| Growth Volatility | 27.88 |
Kanger International Bhd - Net Assets Trend (2015–2025)
This chart illustrates how Kanger International Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 0170 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Kanger International Bhd (2015–2025)
The table below shows the annual net assets of Kanger International Bhd from 2015 to 2025. For live valuation and market cap data, see Kanger International Bhd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM217.21 Million ≈ $54.53 Million |
+2.40% |
| 2024-12-31 | RM212.12 Million ≈ $53.26 Million |
-26.35% |
| 2023-12-31 | RM288.01 Million ≈ $72.31 Million |
-3.95% |
| 2021-12-31 | RM299.84 Million ≈ $75.28 Million |
+15.30% |
| 2020-12-31 | RM260.06 Million ≈ $65.29 Million |
+81.07% |
| 2019-12-31 | RM143.62 Million ≈ $36.06 Million |
+14.00% |
| 2018-12-31 | RM125.98 Million ≈ $31.63 Million |
+2.93% |
| 2017-12-31 | RM122.40 Million ≈ $30.73 Million |
+0.81% |
| 2016-12-31 | RM121.42 Million ≈ $30.48 Million |
+25.74% |
| 2015-12-31 | RM96.56 Million ≈ $24.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kanger International 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 4.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM31.15 Million | 14.34% |
| Common Stock | RM186.06 Million | 85.66% |
| Total Equity | RM217.21 Million | 100.00% |
Kanger International Bhd Competitors by Market Cap
The table below lists competitors of Kanger International Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Perrot Duval Holding SA
SW:PEDU
|
$6.99 Million |
|
Elcora Advanced Materials Corp
V:ERA
|
$6.99 Million |
|
Plascar Participações Industriais S.A
SA:PLAS3
|
$7.00 Million |
|
Raize Servicos de Gestao SA
LS:MLRZE
|
$7.00 Million |
|
Atlas Cycles (Haryana) Limited
NSE:ATLASCYCLE
|
$6.98 Million |
|
mTouche Technology Bhd
KLSE:0092
|
$6.98 Million |
|
Aeris Environmental Ltd
AU:AEI
|
$6.98 Million |
|
Addex Therapeutics Ltd
SW:ADXN
|
$6.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kanger International Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 212,118,740 to 217,212,000, a change of 5,093,260 (2.4%).
- Net loss of 1,129,000 reduced equity.
- Share repurchases of 1,516,000 reduced equity.
- New share issuances of 5,919,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-1.13 Million | -0.52% |
| Share Repurchases | RM1.52 Million | -0.7% |
| Share Issuances | RM5.92 Million | +2.72% |
| Other Changes | RM1.82 Million | +0.84% |
| Total Change | RM- | 2.40% |
Book Value vs Market Value Analysis
This analysis compares Kanger International 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: 0.13x
- 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 0.02x to 0.13x 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 | RM1.52 | RM0.03 | x |
| 2017-12-31 | RM1.53 | RM0.03 | x |
| 2018-12-31 | RM1.41 | RM0.03 | x |
| 2019-12-31 | RM1.31 | RM0.03 | x |
| 2020-12-31 | RM1.01 | RM0.03 | x |
| 2021-12-31 | RM0.50 | RM0.03 | x |
| 2023-12-31 | RM0.44 | RM0.03 | x |
| 2024-12-31 | RM0.28 | RM0.03 | x |
| 2025-12-31 | RM0.23 | RM0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kanger International 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): -0.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.48%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.15x
- Recent ROE (-0.52%) is above the historical average (-5.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 10.10% | 14.71% | 0.48x | 1.43x | RM96.24K |
| 2016 | 4.51% | 7.96% | 0.42x | 1.35x | RM-6.66 Million |
| 2017 | 5.96% | 10.98% | 0.36x | 1.50x | RM-4.94 Million |
| 2018 | -1.36% | -3.00% | 0.28x | 1.62x | RM-14.31 Million |
| 2019 | 6.54% | 14.43% | 0.27x | 1.67x | RM-4.98 Million |
| 2020 | -19.64% | -150.68% | 0.08x | 1.60x | RM-77.07 Million |
| 2021 | -50.54% | -68.03% | 0.70x | 1.06x | RM-181.51 Million |
| 2023 | -4.56% | -16.91% | 0.25x | 1.10x | RM-41.94 Million |
| 2024 | -8.50% | -49.03% | 0.16x | 1.08x | RM-39.25 Million |
| 2025 | -0.52% | -2.48% | 0.18x | 1.15x | RM-22.85 Million |
Industry Comparison
This section compares Kanger International Bhd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $207,127,754
- Average return on equity (ROE) among peers: -4.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kanger International Bhd (0170) | RM216.94 Million | 10.10% | 0.17x | $6.98 Million |
| Mieco Chipboard Bhd (5001) | $335.00 Million | -1.34% | 0.93x | $164.45 Million |
| NWP Holdings Bhd (5025) | $25.30 Million | -30.52% | 0.97x | $22.38 Million |
| Annum Bhd (5082) | $80.00 Million | -20.00% | 0.25x | $285.59K |
| HeveaBoard Bhd (5095) | $271.00 Million | 11.07% | 0.52x | $19.89 Million |
| Focus Lumber Bhd (5197) | $171.49 Million | 6.83% | 0.08x | $11.52 Million |
| Minho M Bhd (5576) | $326.00 Million | 3.99% | 0.41x | $22.39 Million |
| Golden Pharos Bhd (5649) | $74.45 Million | -7.46% | 0.51x | $8.84 Million |
| Subur Tiasa Holdings Bhd (6904) | $535.78 Million | -4.68% | 1.65x | $31.70 Million |
| Woodlandor Holdings Bhd (7025) | $45.14 Million | 4.17% | 0.29x | $6.13 Million |
About Kanger International Bhd
Kanger International Berhad, an investment holding company, engages in the construction business in Malaysia. The company manufactures and trades in bamboo flooring under the Kanger brand name. It also provides project management consultancy services; trades in construction products and works, construction materials, medical disposable items; and develops properties. The company manufactures glov… Read more