PTRB (0260) - Net Assets
Based on the latest financial reports, PTRB (0260) has net assets worth RM201.76 Million MYR (≈ $50.65 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM382.95 Million ≈ $96.15 Million USD) and total liabilities (RM181.19 Million ≈ $45.49 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 PTRB liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM201.76 Million |
| % of Total Assets | 52.69% |
| Annual Growth Rate | 42.17% |
| 5-Year Change | 301.03% |
| 10-Year Change | N/A |
| Growth Volatility | 36.99 |
PTRB - Net Assets Trend (2020–2025)
This chart illustrates how PTRB's net assets have evolved over time, based on quarterly financial data. Also explore PTRB balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for PTRB (2020–2025)
The table below shows the annual net assets of PTRB from 2020 to 2025. For live valuation and market cap data, see 0260 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | RM209.41 Million ≈ $52.58 Million |
+2.89% |
| 2024-04-30 | RM203.52 Million ≈ $51.10 Million |
+29.46% |
| 2023-04-30 | RM157.21 Million ≈ $39.47 Million |
+114.38% |
| 2022-04-30 | RM73.33 Million ≈ $18.41 Million |
+40.43% |
| 2021-04-30 | RM52.22 Million ≈ $13.11 Million |
+44.80% |
| 2020-04-30 | RM36.06 Million ≈ $9.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to PTRB'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 429.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM156.53 Million | 74.84% |
| Other Components | RM52.63 Million | 25.16% |
| Total Equity | RM209.16 Million | 100.00% |
PTRB Competitors by Market Cap
The table below lists competitors of PTRB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS
IS:GSDDE
|
$39.64 Million |
|
Royalindo Investa Wijaya
JK:INDO
|
$39.65 Million |
|
Hung Chou Fiber Ind Co Ltd
TW:1413
|
$39.67 Million |
|
DP Aircraft I Limited
LSE:DPA
|
$39.68 Million |
|
Globon Co. Ltd
KQ:019660
|
$39.62 Million |
|
Ascelia Pharma AB (publ)
ST:ACE
|
$39.59 Million |
|
Compumedics Ltd
AU:CMP
|
$39.58 Million |
|
BG Staffing Inc
NYSE:BGSF
|
$39.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PTRB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 203,222,649 to 209,155,179, a change of 5,932,530 (2.9%).
- Net income of 12,247,981 contributed positively to equity growth.
- Dividend payments of 8,774,328 reduced retained earnings.
- Other factors increased equity by 2,458,877.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM12.25 Million | +5.86% |
| Dividends Paid | RM8.77 Million | -4.2% |
| Other Changes | RM2.46 Million | +1.18% |
| Total Change | RM- | 2.92% |
Book Value vs Market Value Analysis
This analysis compares PTRB'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: 0.75x
- 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 4.38x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-04-30 | RM0.07 | RM0.30 | x |
| 2021-04-30 | RM0.10 | RM0.30 | x |
| 2022-04-30 | RM0.14 | RM0.30 | x |
| 2023-04-30 | RM0.29 | RM0.30 | x |
| 2024-04-30 | RM0.38 | RM0.30 | x |
| 2025-04-30 | RM0.39 | RM0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PTRB 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): 5.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.19%
- • Asset Turnover: 1.49x
- • Equity Multiplier: 1.80x
- Recent ROE (5.86%) is below the historical average (24.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 33.90% | 7.58% | 1.71x | 2.62x | RM8.62 Million |
| 2021 | 30.75% | 8.61% | 1.58x | 2.26x | RM10.83 Million |
| 2022 | 28.79% | 6.05% | 2.52x | 1.89x | RM13.78 Million |
| 2023 | 23.43% | 7.33% | 2.00x | 1.60x | RM21.11 Million |
| 2024 | 26.06% | 9.55% | 1.58x | 1.72x | RM32.65 Million |
| 2025 | 5.86% | 2.19% | 1.49x | 1.80x | RM-8.67 Million |
Industry Comparison
This section compares PTRB's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $789,085,942
- Average return on equity (ROE) among peers: 19.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PTRB (0260) | RM201.76 Million | 33.90% | 0.90x | $39.63 Million |
| Three A Resources Bhd (0012) | $348.17 Million | 8.45% | 0.17x | $86.02 Million |
| Sunzen Biotech Bhd (0148) | $97.23 Million | -0.13% | 0.09x | $45.14 Million |
| Bioalpha Holdings Bhd (0179) | $97.99 Million | 8.66% | 0.16x | $5.30 Million |
| Nova Wellness Group Bhd (0201) | $109.78 Million | 7.17% | 0.09x | $27.21 Million |
| SDS Group Bhd (0212) | $71.91 Million | 10.11% | 0.93x | $60.59 Million |
| MYMBN Berhad (0280) | $10.79 Million | 62.41% | 0.50x | $9.21 Million |
| SBH Marine Holdings Berhad (0300) | $73.93 Million | 17.64% | 0.36x | $32.33 Million |
| OB Holdings Berhad (0327) | $58.86 Million | 9.34% | 0.34x | $20.16 Million |
| IOI Corporation Bhd (1961) | $6.23 Billion | 54.11% | 1.46x | $6.38 Billion |
About PTRB
PT Resources Holdings Berhad, an investment holding company, engages in the processing and trading of frozen seafood products, and retail trading of meat and non-meat products. The companys frozen seafood products are distributed through wholesalers, food manufacturers, and retailers, as well as to end-customers. It also retails meats, vegetables, dry goods, beverages; and non-food items, such as… Read more