MAA Group Bhd
MAA Group Berhad, an investment holding company, provides hospitality services in Malaysia and the Philippines. It operates through Education Services, Financial Services, Hospitality Services, and Cinema Services segments. The company offers tourism services, tourist attractions management, and online ticketing and travel booking services; short-term and long-term accommodation; logistics, renov… Read more
MAA Group Bhd (1198) - Net Assets
Latest net assets as of September 2025: RM322.63 Million MYR
Based on the latest financial reports, MAA Group Bhd (1198) has net assets worth RM322.63 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 (RM414.90 Million) and total liabilities (RM92.27 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 | RM322.63 Million |
| % of Total Assets | 77.76% |
| Annual Growth Rate | -2.68% |
| 5-Year Change | -38.49% |
| 10-Year Change | -19.19% |
| Growth Volatility | 14.6 |
MAA Group Bhd - Net Assets Trend (2012–2024)
This chart illustrates how MAA Group 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 MAA Group Bhd (2012–2024)
The table below shows the annual net assets of MAA Group Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM327.86 Million | -16.89% |
| 2023-12-31 | RM394.48 Million | +0.99% |
| 2022-12-31 | RM390.61 Million | +3.06% |
| 2021-12-31 | RM379.02 Million | -28.89% |
| 2020-12-31 | RM533.01 Million | +9.16% |
| 2019-12-31 | RM488.27 Million | -7.89% |
| 2018-12-31 | RM530.10 Million | -5.23% |
| 2017-12-31 | RM559.33 Million | +2.35% |
| 2016-12-31 | RM546.48 Million | +34.69% |
| 2015-12-31 | RM405.72 Million | -8.62% |
| 2014-12-31 | RM444.00 Million | -1.55% |
| 2013-12-31 | RM451.00 Million | -0.66% |
| 2012-12-31 | RM454.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MAA Group 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 decreased by 79.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM23.51 Million | 7.17% |
| Common Stock | RM304.35 Million | 92.83% |
| Total Equity | RM327.86 Million | 100.00% |
MAA Group Bhd Competitors by Market Cap
The table below lists competitors of MAA Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bumi Citra Permai Tbk
JK:BCIP
|
$3.82 Million |
|
Activeport Group Ltd
AU:ATV
|
$3.82 Million |
|
Cardio Diagnostics Holdings Inc
NASDAQ:CDIO
|
$3.83 Million |
|
CytoMed Therapeutics Limited Ordinary Shares
NASDAQ:GDTC
|
$3.83 Million |
|
Planet Communications Asia Public Company Limited
BK:PLANET
|
$3.82 Million |
|
Brag House Holdings, Inc. Common Stock
NASDAQ:TBH
|
$3.82 Million |
|
SosTravel.com S.P.A.
PINK:SOSAF
|
$3.82 Million |
|
ESE Entertainment Inc
OTCQB:ENTEF
|
$3.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MAA Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 394,480,000 to 327,863,000, a change of -66,617,000 (-16.9%).
- Net loss of 57,178,000 reduced equity.
- Dividend payments of 3,250,000 reduced retained earnings.
- Share repurchases of 50,000 reduced equity.
- New share issuances of 50,000 increased equity.
- Other factors decreased equity by 6,189,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-57.18 Million | -17.44% |
| Dividends Paid | RM3.25 Million | -0.99% |
| Share Repurchases | RM50.00K | -0.02% |
| Share Issuances | RM50.00K | +0.02% |
| Other Changes | RM-6.19 Million | -1.89% |
| Total Change | RM- | -16.89% |
Book Value vs Market Value Analysis
This analysis compares MAA Group 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: 0.14x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | RM1.39 | RM0.17 | x |
| 2016-12-31 | RM2.00 | RM0.17 | x |
| 2017-12-31 | RM1.84 | RM0.17 | x |
| 2018-12-31 | RM1.94 | RM0.17 | x |
| 2019-12-31 | RM1.79 | RM0.17 | x |
| 2020-12-31 | RM2.02 | RM0.17 | x |
| 2021-12-31 | RM1.44 | RM0.17 | x |
| 2022-12-31 | RM1.48 | RM0.17 | x |
| 2023-12-31 | RM1.50 | RM0.17 | x |
| 2024-12-31 | RM1.24 | RM0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MAA Group 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): -17.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -51.03%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.26x
- Recent ROE (-17.44%) is below the historical average (0.00%), 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 | 6.07% | 6.28% | 0.27x | 3.57x | RM-15.94 Million |
| 2016 | 48.00% | 12507.87% | 0.00x | 1.02x | RM207.64 Million |
| 2017 | 4.49% | 30.76% | 0.10x | 1.39x | RM-30.80 Million |
| 2018 | -5.18% | -31.46% | 0.12x | 1.43x | RM-80.47 Million |
| 2019 | -6.39% | -26.78% | 0.14x | 1.72x | RM-80.04 Million |
| 2020 | 7.47% | 27.64% | 0.16x | 1.65x | RM-13.51 Million |
| 2021 | -35.40% | -90.23% | 0.19x | 2.05x | RM-172.07 Million |
| 2022 | -0.36% | -1.03% | 0.17x | 2.11x | RM-40.48 Million |
| 2023 | -1.21% | -4.51% | 0.21x | 1.28x | RM-44.22 Million |
| 2024 | -17.44% | -51.03% | 0.27x | 1.26x | RM-89.96 Million |
Industry Comparison
This section compares MAA Group Bhd's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $2,086,253,000
- Average return on equity (ROE) among peers: 20.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MAA Group Bhd (1198) | RM322.63 Million | 6.07% | 0.29x | $3.82 Million |
| Allianz Malaysia Bhd (1163PA) | $4.03 Billion | 12.91% | 4.43x | $499.43 Million |
| Tune Protect Group Bhd (5230) | $141.00 Million | 29.08% | 4.79x | $30.25 Million |