Binasat Communications Bhd (0195) - Net Assets
Based on the latest financial reports, Binasat Communications Bhd (0195) has net assets worth RM134.99 Million MYR (≈ $33.89 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 (RM190.68 Million ≈ $47.87 Million USD) and total liabilities (RM55.69 Million ≈ $13.98 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 asset resilience ratio of Binasat Communications Bhd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM134.99 Million |
| % of Total Assets | 70.79% |
| Annual Growth Rate | 24.26% |
| 5-Year Change | 36.61% |
| 10-Year Change | N/A |
| Growth Volatility | 55.35 |
Binasat Communications Bhd - Net Assets Trend (2016–2025)
This chart illustrates how Binasat Communications Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Binasat Communications Bhd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Binasat Communications Bhd (2016–2025)
The table below shows the annual net assets of Binasat Communications Bhd from 2016 to 2025. For live valuation and market cap data, see Binasat Communications Bhd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM120.27 Million ≈ $30.20 Million |
+6.44% |
| 2024-06-30 | RM112.99 Million ≈ $28.37 Million |
-13.84% |
| 2023-06-30 | RM131.15 Million ≈ $32.93 Million |
+3.56% |
| 2022-06-30 | RM126.64 Million ≈ $31.79 Million |
+43.84% |
| 2021-06-30 | RM88.04 Million ≈ $22.10 Million |
+11.64% |
| 2020-06-30 | RM78.86 Million ≈ $19.80 Million |
+5.76% |
| 2019-06-30 | RM74.57 Million ≈ $18.72 Million |
+5.03% |
| 2018-06-30 | RM70.99 Million ≈ $17.82 Million |
+179.45% |
| 2017-06-30 | RM25.41 Million ≈ $6.38 Million |
+49.16% |
| 2016-06-30 | RM17.03 Million ≈ $4.28 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Binasat Communications 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 10.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM17.72 Million | 14.74% |
| Common Stock | RM102.55 Million | 85.26% |
| Total Equity | RM120.27 Million | 100.00% |
Binasat Communications Bhd Competitors by Market Cap
The table below lists competitors of Binasat Communications Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
O.R.T.
TA:ORTC
|
$11.38 Million |
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
$11.39 Million |
|
Metals Australia Ltd
AU:MLS
|
$11.39 Million |
|
Highway 50 Gold Corp
V:HWY
|
$11.39 Million |
|
Paos Holdings Bhd
KLSE:5022
|
$11.37 Million |
|
Paratech Company Limited
KQ:033540
|
$11.37 Million |
|
Trinity Biotech plc
NASDAQ:TRIB
|
$11.37 Million |
|
Ostasiatiske Kompagni A/S
CO:OKEAC
|
$11.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Binasat Communications Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 112,991,690 to 120,271,590, a change of 7,279,900 (6.4%).
- Net income of 1,777,750 contributed positively to equity growth.
- Share repurchases of 67,850 reduced equity.
- New share issuances of 5,570,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.78 Million | +1.48% |
| Share Repurchases | RM67.85K | -0.06% |
| Share Issuances | RM5.57 Million | +4.63% |
| Total Change | RM- | 6.44% |
Book Value vs Market Value Analysis
This analysis compares Binasat Communications 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: 0.24x
- 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 0.77x to 0.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM0.10 | RM0.08 | x |
| 2017-06-30 | RM0.15 | RM0.08 | x |
| 2018-06-30 | RM0.27 | RM0.08 | x |
| 2019-06-30 | RM0.29 | RM0.08 | x |
| 2020-06-30 | RM0.30 | RM0.08 | x |
| 2021-06-30 | RM0.31 | RM0.08 | x |
| 2022-06-30 | RM0.33 | RM0.08 | x |
| 2023-06-30 | RM0.34 | RM0.08 | x |
| 2024-06-30 | RM0.29 | RM0.08 | x |
| 2025-06-30 | RM0.31 | RM0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Binasat Communications 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): 1.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.59%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.34x
- Recent ROE (1.48%) is below the historical average (10.40%), 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 | 42.09% | 15.44% | 1.39x | 1.96x | RM5.46 Million |
| 2017 | 39.47% | 18.39% | 1.24x | 1.72x | RM7.49 Million |
| 2018 | 12.78% | 15.84% | 0.64x | 1.26x | RM1.97 Million |
| 2019 | 6.54% | 8.91% | 0.58x | 1.27x | RM-2.58 Million |
| 2020 | 3.71% | 6.43% | 0.42x | 1.36x | RM-4.96 Million |
| 2021 | 2.70% | 4.42% | 0.46x | 1.33x | RM-6.43 Million |
| 2022 | 3.79% | 5.75% | 0.50x | 1.32x | RM-7.86 Million |
| 2023 | 3.44% | 5.19% | 0.46x | 1.45x | RM-8.60 Million |
| 2024 | -11.96% | -10.22% | 0.78x | 1.51x | RM-24.81 Million |
| 2025 | 1.48% | 1.59% | 0.69x | 1.34x | RM-10.25 Million |
Industry Comparison
This section compares Binasat Communications Bhd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,469,446,802
- Average return on equity (ROE) among peers: -10.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Binasat Communications Bhd (0195) | RM134.99 Million | 42.09% | 0.41x | $11.38 Million |
| XOX Technology Bhd (0017) | $28.92 Million | 29.75% | 2.41x | $6.73 Million |
| Redtone International Bhd (0032) | $74.14 Million | 0.00% | 0.50x | $65.01 Million |
| Green Packet Bhd (0082) | $161.31 Million | -96.53% | 0.91x | $16.28 Million |
| mTouche Technology Bhd (0092) | $146.50 Million | -7.45% | 0.03x | $5.82 Million |
| M N C Wireless Bhd (0103) | $78.09 Million | -8.51% | 0.12x | $2.39 Million |
| XOX Bhd (0165) | $233.64 Million | -38.94% | 0.48x | $8.62 Million |
| OCK Group Bhd (0172) | $699.97 Million | 3.66% | 1.84x | $102.76 Million |
| Telekom Malaysia Bhd (4863) | $9.32 Billion | 20.06% | 1.57x | $7.21 Billion |
| TIME Dotcom Bhd (5031) | $2.48 Billion | 7.81% | 0.15x | $2.80 Billion |
About Binasat Communications Bhd
Binasat Communications Berhad provides supporting services for very small aperture terminal (VSAT), mobile and fiber network engineering services, satellite hub/teleport and digital satellite news gathering (DSNG), and ICT solution and connectivity in Malaysia. The company offers VSAT engineering/operation and maintenance services, such as high speed broadband satellite communications for Interne… Read more