Cabnet Holdings Bhd (0191) - Net Assets
Based on the latest financial reports, Cabnet Holdings Bhd (0191) has net assets worth RM51.61 Million MYR (≈ $12.96 Million USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM133.79 Million ≈ $33.59 Million USD) and total liabilities (RM82.19 Million ≈ $20.63 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 0191 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM51.61 Million |
| % of Total Assets | 38.57% |
| Annual Growth Rate | 15.08% |
| 5-Year Change | 5.66% |
| 10-Year Change | N/A |
| Growth Volatility | 32.81 |
Cabnet Holdings Bhd - Net Assets Trend (2016–2025)
This chart illustrates how Cabnet Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Cabnet Holdings Bhd for the complete picture of this company's asset base.
Annual Net Assets for Cabnet Holdings Bhd (2016–2025)
The table below shows the annual net assets of Cabnet Holdings Bhd from 2016 to 2025. For live valuation and market cap data, see how much is Cabnet Holdings Bhd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | RM50.73 Million ≈ $12.74 Million |
+4.77% |
| 2024-02-29 | RM48.42 Million ≈ $12.16 Million |
+8.40% |
| 2022-02-28 | RM44.67 Million ≈ $11.21 Million |
+2.69% |
| 2021-02-28 | RM43.50 Million ≈ $10.92 Million |
-9.40% |
| 2020-02-29 | RM48.01 Million ≈ $12.05 Million |
+2.07% |
| 2019-02-28 | RM47.04 Million ≈ $11.81 Million |
+8.49% |
| 2018-02-28 | RM43.36 Million ≈ $10.89 Million |
+57.13% |
| 2017-02-28 | RM27.59 Million ≈ $6.93 Million |
+92.49% |
| 2016-02-29 | RM14.34 Million ≈ $3.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cabnet 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 grown by 370.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM22.00 Million | 43.37% |
| Other Components | RM28.73 Million | 56.63% |
| Total Equity | RM50.73 Million | 100.00% |
Cabnet Holdings Bhd Competitors by Market Cap
The table below lists competitors of Cabnet Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AUGA GROUP AB EO 029
F:W9Z
|
$11.22 Million |
|
InnSuites Hospitality Trust
NYSE MKT:IHT
|
$11.23 Million |
|
Sirona Biochem Corp
V:SBM
|
$11.23 Million |
|
Max Resource Corp
V:MAX
|
$11.24 Million |
|
InCoax Networks AB
ST:INCOAX
|
$11.22 Million |
|
Standard Uranium Ltd.
V:STND
|
$11.21 Million |
|
SSH GROUP LTD
F:JRSA
|
$11.21 Million |
|
GPM Metals Inc
V:GPM
|
$11.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cabnet Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 48,421,275 to 50,728,885, a change of 2,307,610 (4.8%).
- Net income of 2,307,530 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM2.31 Million | +4.55% |
| Other Changes | RM80.00 | +0.0% |
| Total Change | RM- | 4.77% |
Book Value vs Market Value Analysis
This analysis compares Cabnet 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: 0.88x
- 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 1.36x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-02-28 | RM0.18 | RM0.25 | x |
| 2018-02-28 | RM0.24 | RM0.25 | x |
| 2019-02-28 | RM0.26 | RM0.25 | x |
| 2020-02-29 | RM0.27 | RM0.25 | x |
| 2021-02-28 | RM0.24 | RM0.25 | x |
| 2022-02-28 | RM0.25 | RM0.25 | x |
| 2024-02-29 | RM0.27 | RM0.25 | x |
| 2025-02-28 | RM0.28 | RM0.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cabnet 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): 4.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.75%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.47x
- Recent ROE (4.55%) is below the historical average (10.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 40.24% | 14.57% | 1.34x | 2.06x | RM4.34 Million |
| 2017 | 23.23% | 12.61% | 1.24x | 1.49x | RM3.65 Million |
| 2018 | 12.08% | 10.01% | 0.94x | 1.28x | RM901.52K |
| 2019 | 10.04% | 10.01% | 0.82x | 1.23x | RM17.61K |
| 2020 | 5.04% | 3.52% | 0.91x | 1.57x | RM-2.38 Million |
| 2021 | -10.37% | -10.70% | 0.64x | 1.51x | RM-8.86 Million |
| 2022 | 2.71% | 1.78% | 0.70x | 2.17x | RM-3.26 Million |
| 2024 | 7.38% | 1.80% | 1.49x | 2.76x | RM-1.27 Million |
| 2025 | 4.55% | 1.75% | 1.05x | 2.47x | RM-2.77 Million |
Industry Comparison
This section compares Cabnet Holdings Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $110,680,961
- Average return on equity (ROE) among peers: 3.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cabnet Holdings Bhd (0191) | RM51.61 Million | 40.24% | 1.59x | $11.22 Million |
| Southern Score Builders Berhad (0045) | $148.98 Million | 16.99% | 0.33x | $313.81 Million |
| Ecobuilt Holdings Bhd (0059) | $66.08 Million | 12.86% | 0.15x | $4.23 Million |
| Mega Sun City Holdings Bhd (0081) | $52.47 Million | -28.16% | 0.02x | $3.72 Million |
| Waja Konsortium Bhd (0102) | $33.07 Million | -28.61% | 0.43x | $11.20 Million |
| Kelington Group Bhd (0151) | $66.99 Million | 13.23% | 1.98x | $1.38 Billion |
| Widad Group Bhd (0162) | $357.92 Million | 19.78% | 1.42x | $7.84 Million |
| Pasukhas Group Bhd (0177) | $136.35 Million | -12.43% | 0.39x | $3.59 Million |
| HSS Engineers Bhd (0185) | $78.71 Million | 17.81% | 0.59x | $54.89 Million |
| Inta Bina Group Bhd (0192) | $55.55 Million | 22.91% | 2.88x | $58.65 Million |
About Cabnet Holdings Bhd
Cabnet Holdings Berhad, an investment holding company, provides building construction and management solutions in Malaysia. The company offers structured cabling services, including infrastructure services, such as system design, installation, termination, testing, commissioning, labeling, and certification of structured cabling systems. It also provides design, build, supply, project management,… Read more