3REN Berhad (0328) - Net Assets
Based on the latest financial reports, 3REN Berhad (0328) has net assets worth RM99.77 Million MYR (≈ $25.05 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM123.61 Million ≈ $31.03 Million USD) and total liabilities (RM23.84 Million ≈ $5.99 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. See 3REN Berhad balance sheet independence to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM99.77 Million |
| % of Total Assets | 80.71% |
| Annual Growth Rate | 29.55% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 24.5 |
3REN Berhad - Net Assets Trend (2020–2024)
This chart illustrates how 3REN Berhad's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is 3REN Berhad worth.
Annual Net Assets for 3REN Berhad (2020–2024)
The table below shows the annual net assets of 3REN Berhad from 2020 to 2024. Also explore 0328 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM97.53 Million ≈ $24.49 Million |
+65.26% |
| 2023-12-31 | RM59.02 Million ≈ $14.82 Million |
+2.78% |
| 2022-12-31 | RM57.42 Million ≈ $14.42 Million |
+14.95% |
| 2021-12-31 | RM49.95 Million ≈ $12.54 Million |
+44.25% |
| 2020-12-31 | RM34.63 Million ≈ $8.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to 3REN 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 133.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM58.26 Million | 59.73% |
| Common Stock | RM83.52 Million | 85.63% |
| Total Equity | RM97.53 Million | 100.00% |
3REN Berhad Competitors by Market Cap
The table below lists competitors of 3REN Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gedeon Richter PLC
LSE:0QFP
|
$62.09 Million |
|
Grupo Greening 2022 SA
MC:GGR
|
$62.10 Million |
|
Theranexus SA
PA:ALTHX
|
$62.10 Million |
|
Hitech Corporation Limited
NSE:HITECHCORP
|
$62.11 Million |
|
DIC India Limited
NSE:DICIND
|
$62.08 Million |
|
NEW STRATUS ENERGY
F:80N
|
$62.04 Million |
|
Sherritt International Corporation
TO:S
|
$62.04 Million |
|
Arn Media Ltd
AU:A1N
|
$62.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 3REN Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 59,015,763 to 97,531,000, a change of 38,515,237 (65.3%).
- Net income of 8,740,741 contributed positively to equity growth.
- Other factors increased equity by 29,774,496.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM8.74 Million | +8.96% |
| Other Changes | RM29.77 Million | +30.53% |
| Total Change | RM- | 65.26% |
Book Value vs Market Value Analysis
This analysis compares 3REN 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: 2.40x
- 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 7.13x to 2.40x 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 | RM0.05 | RM0.38 | x |
| 2021-12-31 | RM0.08 | RM0.38 | x |
| 2022-12-31 | RM0.09 | RM0.38 | x |
| 2023-12-31 | RM0.09 | RM0.38 | x |
| 2024-12-31 | RM0.16 | RM0.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 3REN 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): 8.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.45%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.23x
- Recent ROE (8.96%) is below the historical average (22.86%), 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 | 32.49% | 17.85% | 1.36x | 1.34x | RM7.79 Million |
| 2021 | 32.18% | 21.67% | 1.15x | 1.30x | RM11.08 Million |
| 2022 | 21.01% | 11.65% | 1.27x | 1.42x | RM6.32 Million |
| 2023 | 19.65% | 12.22% | 1.19x | 1.35x | RM5.70 Million |
| 2024 | 8.96% | 8.45% | 0.86x | 1.23x | RM-1.01 Million |
Industry Comparison
This section compares 3REN Berhad's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $77,107,274
- Average return on equity (ROE) among peers: -6.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 3REN Berhad (0328) | RM99.77 Million | 32.49% | 0.24x | $62.08 Million |
| Southern Score Builders Berhad (0045) | $-8.25 Million | 0.00% | 0.00x | $348.05 Million |
| Ecobuilt Holdings Bhd (0059) | $71.09 Million | -1.93% | 0.04x | $3.70 Million |
| Mega Sun City Holdings Bhd (0081) | $50.82 Million | -3.25% | 0.01x | $2.97 Million |
| Waja Konsortium Bhd (0102) | $40.12 Million | -0.57% | 1.17x | $14.00 Million |
| Kelington Group Bhd (0151) | $54.03 Million | 3.08% | 1.16x | $1.66 Billion |
| Widad Group Bhd (0162) | $20.14 Million | -19.17% | 0.90x | $7.84 Million |
| Pasukhas Group Bhd (0177) | $136.35 Million | -12.43% | 0.39x | $4.78 Million |
| HSS Engineers Bhd (0185) | $212.92 Million | -48.30% | 0.77x | $65.75 Million |
| Cabnet Holdings Bhd (0191) | $47.04 Million | 10.04% | 0.23x | $9.87 Million |
| Inta Bina Group Bhd (0192) | $146.80 Million | 8.03% | 1.63x | $59.42 Million |
About 3REN Berhad
3REN Berhad, an investment holding company, provides automation solutions and engineering services in Malaysia, Singapore, Thailand, the United States, China, Vietnam, the Philippines, Canada, and India. It operates through Provision of Engineering Support Services for IC Assembly and Testing; Design, Development and Sale of Digitalised Solutions; Provision of Product Engineering Services; and De… Read more