Kejuruteraan Asastera Bhd
Kinergy Advancement Berhad, together with its subsidiaries, provides electrical and mechanical engineering services for commercial, industrial, and residential infrastructure in Malaysia, Vietnam, Thailand, Indonesia, and Hong Kong. The company operates through Engineering and Sustainable Energy Solutions segments. It offers high and low voltage electrical installation, ventilation and air-condit… Read more
Kejuruteraan Asastera Bhd (0193) - Net Assets
Latest net assets as of September 2025: RM312.64 Million MYR
Based on the latest financial reports, Kejuruteraan Asastera Bhd (0193) has net assets worth RM312.64 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM629.70 Million) and total liabilities (RM317.06 Million). 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 | RM312.64 Million |
| % of Total Assets | 49.65% |
| Annual Growth Rate | 43.72% |
| 5-Year Change | 247.14% |
| 10-Year Change | N/A |
| Growth Volatility | 45.33 |
Kejuruteraan Asastera Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Kejuruteraan Asastera 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 Kejuruteraan Asastera Bhd (2015–2024)
The table below shows the annual net assets of Kejuruteraan Asastera Bhd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM277.95 Million | +31.10% |
| 2023-12-31 | RM212.02 Million | +57.01% |
| 2022-12-31 | RM135.03 Million | +8.29% |
| 2021-12-31 | RM124.69 Million | +55.73% |
| 2020-12-31 | RM80.07 Million | +12.15% |
| 2019-12-31 | RM71.39 Million | +47.93% |
| 2018-12-31 | RM48.26 Million | +12.50% |
| 2017-12-31 | RM42.90 Million | +166.06% |
| 2016-12-31 | RM16.12 Million | +51.85% |
| 2015-12-31 | RM10.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kejuruteraan Asastera 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 754.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM82.16 Million | 29.95% |
| Other Components | RM192.15 Million | 70.05% |
| Total Equity | RM274.31 Million | 100.00% |
Kejuruteraan Asastera Bhd Competitors by Market Cap
The table below lists competitors of Kejuruteraan Asastera Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ubiquoss Inc
KQ:264450
|
$86.28 Million |
|
Rossari Biotech Limited
NSE:ROSSARI
|
$86.31 Million |
|
Gotland Rederi AB Series B
ST:GOTL-B
|
$86.37 Million |
|
Celtic plc
PINK:CLTFF
|
$86.38 Million |
|
Summit Bank Group Inc
PINK:SBKO
|
$86.26 Million |
|
Sea1 Offshore Inc.
OL:SEA1
|
$86.26 Million |
|
BULLS GSYO
IS:BULGS
|
$86.25 Million |
|
Lifecore Biomedical Inc.
NASDAQ:LFCR
|
$86.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kejuruteraan Asastera Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 208,986,000 to 274,305,000, a change of 65,319,000 (31.3%).
- Net income of 21,472,000 contributed positively to equity growth.
- New share issuances of 45,873,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM21.47 Million | +7.83% |
| Share Issuances | RM45.87 Million | +16.72% |
| Other Changes | RM-2.03 Million | -0.74% |
| Total Change | RM- | 31.26% |
Book Value vs Market Value Analysis
This analysis compares Kejuruteraan Asastera 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: 2.96x
- 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 26.20x to 2.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.01 | RM0.39 | x |
| 2017-12-31 | RM0.03 | RM0.39 | x |
| 2018-12-31 | RM0.03 | RM0.39 | x |
| 2019-12-31 | RM0.04 | RM0.39 | x |
| 2020-12-31 | RM0.05 | RM0.39 | x |
| 2021-12-31 | RM0.07 | RM0.39 | x |
| 2022-12-31 | RM0.07 | RM0.39 | x |
| 2023-12-31 | RM0.11 | RM0.39 | x |
| 2024-12-31 | RM0.13 | RM0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kejuruteraan Asastera 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): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.77%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.90x
- Recent ROE (7.83%) is below the historical average (15.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 42.83% | 5.22% | 1.58x | 5.18x | RM3.49 Million |
| 2016 | 40.66% | 7.04% | 1.37x | 4.23x | RM4.94 Million |
| 2017 | 15.79% | 5.92% | 1.27x | 2.10x | RM2.49 Million |
| 2018 | 17.74% | 6.16% | 1.37x | 2.10x | RM3.74 Million |
| 2019 | 14.62% | 6.54% | 1.16x | 1.93x | RM3.30 Million |
| 2020 | 6.60% | 3.51% | 0.92x | 2.06x | RM-2.72 Million |
| 2021 | 3.27% | 2.33% | 0.68x | 2.07x | RM-8.40 Million |
| 2022 | 2.12% | 1.53% | 0.70x | 1.98x | RM-10.65 Million |
| 2023 | 5.67% | 5.89% | 0.46x | 2.09x | RM-9.05 Million |
| 2024 | 7.83% | 8.77% | 0.47x | 1.90x | RM-5.96 Million |
Industry Comparison
This section compares Kejuruteraan Asastera Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $135,070,202
- Average return on equity (ROE) among peers: 7.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kejuruteraan Asastera Bhd (0193) | RM312.64 Million | 42.83% | 1.01x | $86.27 Million |
| Southern Score Builders Berhad (0045) | $185.91 Million | 21.63% | 0.66x | $100.69 Million |
| Mega Sun City Holdings Bhd (0081) | $63.83 Million | 5.86% | 0.08x | $774.65K |
| Waja Konsortium Bhd (0102) | $41.21 Million | 2.11% | 0.40x | $3.75 Million |
| Kelington Group Bhd (0151) | $21.62 Million | 30.56% | 1.09x | $533.88 Million |
| Widad Group Bhd (0162) | $456.36 Million | -3.64% | 1.38x | $3.73 Million |
| Pasukhas Group Bhd (0177) | $74.27 Million | -9.78% | 1.27x | $1.72 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $19.35 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $1.84 Million |
| Inta Bina Group Bhd (0192) | $99.86 Million | 15.42% | 1.52x | $19.05 Million |