Perak Transit Bhd (0186) - Net Assets

Latest as of December 2025: RM867.50 Million MYR ≈ $217.80 Million USD

Based on the latest financial reports, Perak Transit Bhd (0186) has net assets worth RM867.50 Million MYR (≈ $217.80 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 (RM2.41 Billion ≈ $605.47 Million USD) and total liabilities (RM1.54 Billion ≈ $387.67 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 0186 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM867.50 Million
% of Total Assets	35.97%
Annual Growth Rate	22.86%
5-Year Change	72.73%
10-Year Change	332.14%
Growth Volatility	14.77

Perak Transit Bhd - Net Assets Trend (2013–2025)

This chart illustrates how Perak Transit Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 0186 asset base for the complete picture of this company's asset base.

Annual Net Assets for Perak Transit Bhd (2013–2025)

The table below shows the annual net assets of Perak Transit Bhd from 2013 to 2025. For live valuation and market cap data, see Perak Transit Bhd market cap and net worth.

Year	Net Assets	Change
2025-12-31	RM867.50 Million ≈ $217.80 Million	+15.15%
2024-12-31	RM753.37 Million ≈ $189.15 Million	+16.07%
2023-12-31	RM649.07 Million ≈ $162.96 Million	+11.16%
2022-12-31	RM583.91 Million ≈ $146.60 Million	+16.26%
2021-12-31	RM502.24 Million ≈ $126.10 Million	+7.00%
2020-12-31	RM469.37 Million ≈ $117.84 Million	+41.25%
2019-12-31	RM332.30 Million ≈ $83.43 Million	+17.71%
2018-12-31	RM282.32 Million ≈ $70.88 Million	+28.17%
2017-12-31	RM220.26 Million ≈ $55.30 Million	+9.72%
2016-12-31	RM200.74 Million ≈ $50.40 Million	+58.02%
2015-12-31	RM127.04 Million ≈ $31.89 Million	+39.71%
2014-12-31	RM90.93 Million ≈ $22.83 Million	+23.99%
2013-12-31	RM73.34 Million ≈ $18.41 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Perak Transit 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 2370.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM383.52 Million	44.22%
Common Stock	RM397.73 Million	45.85%
Other Comprehensive Income	RM86.11 Million	9.93%
Total Equity	RM867.37 Million	100.00%

Perak Transit Bhd Competitors by Market Cap

The table below lists competitors of Perak Transit Bhd ranked by their market capitalization.

Company	Market Cap
HLB Global Co Ltd KO:003580	$61.81 Million
MFS Investment Grade Municipal Trust NYSE:CXH	$61.82 Million
INFOMARK Co. Ltd KQ:175140	$61.84 Million
AFC Gamma Inc NASDAQ:AFCG	$61.88 Million
iBio, Inc. Common Stock NASDAQ:IBIO	$61.81 Million
PUBLIC POLICY HO.COM 144A F:PD7	$61.79 Million
Kredyt Inkaso SA WAR:KRI	$61.76 Million
Thai Wacoal Public Company Limited BK:WACOAL	$61.71 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Perak Transit Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 753,245,000 to 867,365,000, a change of 114,120,000 (15.2%).
Net income of 78,579,000 contributed positively to equity growth.
Dividend payments of 19,908,000 reduced retained earnings.
Share repurchases of 1,008,999 reduced equity.
New share issuances of 53,933,000 increased equity.
Other comprehensive income increased equity by 86,111,131.
Other factors decreased equity by 83,586,132.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM78.58 Million	+9.06%
Dividends Paid	RM19.91 Million	-2.3%
Share Repurchases	RM1.01 Million	-0.12%
Share Issuances	RM53.93 Million	+6.22%
Other Comprehensive Income	RM86.11 Million	+9.93%
Other Changes	RM-83.59 Million	-9.64%
Total Change	RM-	15.15%

Book Value vs Market Value Analysis

This analysis compares Perak Transit 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: 0.27x
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 decreased from 2.15x to 0.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	RM0.09	RM0.20	x
2014-12-31	RM0.12	RM0.20	x
2015-12-31	RM0.16	RM0.20	x
2016-12-31	RM0.48	RM0.20	x
2017-12-31	RM0.33	RM0.20	x
2018-12-31	RM0.60	RM0.20	x
2019-12-31	RM0.46	RM0.20	x
2020-12-31	RM0.74	RM0.20	x
2021-12-31	RM0.53	RM0.20	x
2022-12-31	RM0.55	RM0.20	x
2023-12-31	RM0.57	RM0.20	x
2024-12-31	RM0.67	RM0.20	x
2025-12-31	RM0.75	RM0.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Perak Transit 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): 9.06%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 40.05%
• Asset Turnover: 0.08x
• Equity Multiplier: 2.78x
Recent ROE (9.06%) is below the historical average (11.28%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	9.83%	11.14%	0.31x	2.81x	RM-124.36K
2014	14.86%	17.32%	0.32x	2.70x	RM4.39 Million
2015	15.09%	25.74%	0.28x	2.11x	RM6.44 Million
2016	10.74%	23.92%	0.26x	1.71x	RM1.49 Million
2017	13.14%	27.00%	0.26x	1.86x	RM6.90 Million
2018	12.70%	31.57%	0.22x	1.84x	RM7.61 Million
2019	12.02%	31.94%	0.19x	2.00x	RM6.68 Million
2020	8.91%	35.02%	0.16x	1.55x	RM-5.12 Million
2021	10.60%	38.39%	0.16x	1.69x	RM2.99 Million
2022	10.28%	35.10%	0.17x	1.70x	RM1.62 Million
2023	10.03%	37.58%	0.14x	1.95x	RM190.45K
2024	9.42%	38.01%	0.11x	2.20x	RM-4.33 Million
2025	9.06%	40.05%	0.08x	2.78x	RM-8.16 Million

Industry Comparison

This section compares Perak Transit Bhd's net assets metrics with peer companies in the Railroads industry.

Industry Context

Industry: Railroads
Average net assets among peers: $83,270,000
Average return on equity (ROE) among peers: -2.96%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Perak Transit Bhd (0186)	RM867.50 Million	9.83%	1.78x	$61.81 Million
G Capital Bhd (7676)	$83.27 Million	-2.96%	0.80x	$14.41 Million

About Perak Transit Bhd

KLSE:0186 Malaysia Railroads

Market Cap

$61.81 Million

RM246.19 Million MYR

Market Cap Rank

#21185 Global

#422 in Malaysia

Share Price

RM0.20

Change (1 day)

-2.44%

52-Week Range

RM0.20 - RM0.71

All Time High

RM0.88