Vestland Berhad (0273) - Net Assets
Based on the latest financial reports, Vestland Berhad (0273) has net assets worth RM221.44 Million MYR (≈ $55.60 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 (RM915.40 Million ≈ $229.83 Million USD) and total liabilities (RM693.96 Million ≈ $174.23 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. Read 0273 total debt and obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM221.44 Million |
| % of Total Assets | 24.19% |
| Annual Growth Rate | 52.16% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 35.59 |
Vestland Berhad - Net Assets Trend (2020–2024)
This chart illustrates how Vestland Berhad's net assets have evolved over time, based on quarterly financial data. Also explore Vestland Berhad total assets for the complete picture of this company's asset base.
Annual Net Assets for Vestland Berhad (2020–2024)
The table below shows the annual net assets of Vestland Berhad from 2020 to 2024. For live valuation and market cap data, see 0273 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM191.98 Million ≈ $48.20 Million |
+25.10% |
| 2023-12-31 | RM153.46 Million ≈ $38.53 Million |
+114.46% |
| 2022-12-31 | RM71.56 Million ≈ $17.97 Million |
+54.06% |
| 2021-12-31 | RM46.45 Million ≈ $11.66 Million |
+29.70% |
| 2020-12-31 | RM35.81 Million ≈ $8.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vestland Berhad'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 299.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM136.09 Million | 70.89% |
| Other Components | RM55.89 Million | 29.11% |
| Total Equity | RM191.98 Million | 100.00% |
Vestland Berhad Competitors by Market Cap
The table below lists competitors of Vestland Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Eagle Gold Corp
V:AE
|
$138.81 Million |
|
Friedman Industries Inc. Common Stock
NYSE MKT:FRD
|
$138.83 Million |
|
Amotech Co. Ltd
KQ:052710
|
$138.89 Million |
|
Finward Bancorp
NASDAQ:FNWD
|
$138.93 Million |
|
TH Plantations Bhd
KLSE:5112
|
$138.69 Million |
|
Garuda Maintenance Facility AeroAsia Tbk PT
JK:GMFI
|
$138.68 Million |
|
Froch Enterprise Co Ltd
TW:2030
|
$138.68 Million |
|
DEFAMA Deutsche Fachmarkt AG
XETRA:DEF
|
$138.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vestland Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 153,464,427 to 191,979,454, a change of 38,515,027 (25.1%).
- Net income of 38,515,027 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM38.52 Million | +20.06% |
| Total Change | RM- | 25.10% |
Book Value vs Market Value Analysis
This analysis compares Vestland Berhad'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: 2.88x
- 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 15.42x to 2.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | RM0.04 | RM0.59 | x |
| 2021-12-31 | RM0.05 | RM0.59 | x |
| 2022-12-31 | RM0.08 | RM0.59 | x |
| 2023-12-31 | RM0.16 | RM0.59 | x |
| 2024-12-31 | RM0.20 | RM0.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vestland Berhad 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): 20.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.15%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 3.72x
- Recent ROE (20.06%) is below the historical average (23.14%), 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 | 19.57% | 7.22% | 0.80x | 3.38x | RM3.43 Million |
| 2021 | 22.90% | 6.22% | 1.01x | 3.63x | RM5.99 Million |
| 2022 | 35.09% | 8.26% | 1.34x | 3.17x | RM17.95 Million |
| 2023 | 18.09% | 7.95% | 0.72x | 3.14x | RM12.42 Million |
| 2024 | 20.06% | 6.15% | 0.88x | 3.72x | RM19.32 Million |
Industry Comparison
This section compares Vestland Berhad's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $669,017,734
- Average return on equity (ROE) among peers: 4.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vestland Berhad (0273) | RM221.44 Million | 19.57% | 3.13x | $138.69 Million |
| Vinvest Capital Holdings Bhd (0069) | $536.55 Million | -12.71% | 0.29x | $4.87 Million |
| Gagasan Nadi Cergas Berhad (0206) | $306.56 Million | 24.02% | 1.53x | $66.17 Million |
| Global Oriental Bhd (1147) | $461.93 Million | 8.40% | 1.09x | $10.84 Million |
| Pan Malaysia Holdings Bhd (1287) | $47.90 Million | -2.72% | 0.45x | $186.57 Million |
| GuocoLand (Malaysia) Bhd (1503) | $1.39 Billion | 4.78% | 1.04x | $181.65 Million |
| Symphony Life Bhd (1538) | $609.57 Million | 5.22% | 0.96x | $33.15 Million |
| Iskandar Waterfront City Bhd (1589) | $719.54 Million | -2.64% | 0.91x | $58.97 Million |
| Paramount Corporation Bhd (1724) | $1.13 Billion | 7.82% | 0.78x | $157.92 Million |
| Selangor Dredging Bhd (2224) | $813.78 Million | 5.29% | 0.88x | $44.93 Million |
About Vestland Berhad
Vestland Berhad, an investment holding company, engages in the construction of residential and non-residential buildings for private and public sectors in Malaysia. The company involved in the construction of nonresidential buildings, including mixed-use commercial buildings and offices, industrial buildings, service apartments, hostels, and hotels; and residential buildings, such as apartments a… Read more