Iskandar Waterfront City Bhd (1589) - Net Assets
Based on the latest financial reports, Iskandar Waterfront City Bhd (1589) has net assets worth RM700.87 Million MYR (≈ $175.97 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.34 Billion ≈ $335.71 Million USD) and total liabilities (RM636.26 Million ≈ $159.74 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 1589 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM700.87 Million |
| % of Total Assets | 52.42% |
| Annual Growth Rate | 2.37% |
| 5-Year Change | -9.8% |
| 10-Year Change | 16.65% |
| Growth Volatility | 10.0 |
Iskandar Waterfront City Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Iskandar Waterfront City Bhd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Iskandar Waterfront City Bhd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Iskandar Waterfront City Bhd (2012–2025)
The table below shows the annual net assets of Iskandar Waterfront City Bhd from 2012 to 2025. For live valuation and market cap data, see Iskandar Waterfront City Bhd (1589) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM700.87 Million ≈ $175.97 Million |
-2.59% |
| 2024-12-31 | RM719.54 Million ≈ $180.65 Million |
-2.57% |
| 2023-12-31 | RM738.52 Million ≈ $185.42 Million |
-0.85% |
| 2022-12-31 | RM744.83 Million ≈ $187.00 Million |
-4.14% |
| 2021-12-31 | RM777.03 Million ≈ $195.09 Million |
+1.57% |
| 2020-12-31 | RM765.02 Million ≈ $192.07 Million |
-0.22% |
| 2019-12-31 | RM766.70 Million ≈ $192.49 Million |
-0.53% |
| 2018-12-31 | RM770.75 Million ≈ $193.51 Million |
-5.12% |
| 2017-12-31 | RM812.33 Million ≈ $203.95 Million |
+35.20% |
| 2016-12-31 | RM600.85 Million ≈ $150.85 Million |
+8.65% |
| 2015-12-31 | RM553.00 Million ≈ $138.84 Million |
+1.28% |
| 2014-12-31 | RM546.00 Million ≈ $137.08 Million |
+0.55% |
| 2013-12-31 | RM543.00 Million ≈ $136.33 Million |
+5.03% |
| 2012-12-31 | RM517.00 Million ≈ $129.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Iskandar Waterfront City 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 5801000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM766.88 Million | 109.42% |
| Total Equity | RM700.87 Million | 100.00% |
Iskandar Waterfront City Bhd Competitors by Market Cap
The table below lists competitors of Iskandar Waterfront City Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aeon Motor Co Ltd
TWO:1599
|
$53.22 Million |
|
Osmond Resources Ltd
AU:OSM
|
$53.23 Million |
|
Pancontinental Oil & Gas N.L. R
F:PUB
|
$53.28 Million |
|
JASTECH Ltd
KQ:090470
|
$53.30 Million |
|
Fonet Bilgi Teknolojileri AS
IS:FONET
|
$53.14 Million |
|
Bubs Australia Ltd
AU:BUB
|
$53.14 Million |
|
Kodiak Copper Corp
V:KDK
|
$53.12 Million |
|
Huvitz Co. Ltd
KQ:065510
|
$53.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Iskandar Waterfront City Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 719,545,000 to 700,874,000, a change of -18,671,000 (-2.6%).
- Net loss of 18,288,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-18.29 Million | -2.61% |
| Other Changes | RM-383.00K | -0.05% |
| Total Change | RM- | -2.59% |
Book Value vs Market Value Analysis
This analysis compares Iskandar Waterfront City 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: 0.30x
- 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 |
|---|---|---|---|
| 2016-12-31 | RM0.82 | RM0.23 | x |
| 2017-12-31 | RM0.97 | RM0.23 | x |
| 2018-12-31 | RM0.92 | RM0.23 | x |
| 2019-12-31 | RM0.92 | RM0.23 | x |
| 2020-12-31 | RM0.91 | RM0.23 | x |
| 2021-12-31 | RM0.87 | RM0.23 | x |
| 2022-12-31 | RM0.81 | RM0.23 | x |
| 2023-12-31 | RM0.80 | RM0.23 | x |
| 2024-12-31 | RM0.78 | RM0.23 | x |
| 2025-12-31 | RM0.76 | RM0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Iskandar Waterfront City 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): -2.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -42.12%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.91x
- Recent ROE (-2.61%) is below the historical average (-1.07%), 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 | 1.27% | 3.85% | 0.14x | 2.39x | RM-48.30 Million |
| 2016 | -2.67% | -20.92% | 0.06x | 2.26x | RM-76.11 Million |
| 2017 | 5.62% | 17.07% | 0.15x | 2.19x | RM-35.56 Million |
| 2018 | -1.19% | -7.53% | 0.07x | 2.36x | RM-86.26 Million |
| 2019 | -0.53% | -1.85% | 0.12x | 2.45x | RM-80.72 Million |
| 2020 | -0.22% | -1.55% | 0.07x | 2.06x | RM-78.18 Million |
| 2021 | -3.59% | -155.15% | 0.01x | 2.00x | RM-105.63 Million |
| 2022 | -4.32% | -34.87% | 0.06x | 1.97x | RM-106.69 Million |
| 2023 | -0.85% | -6.02% | 0.07x | 1.97x | RM-80.16 Million |
| 2024 | -2.64% | -18.65% | 0.07x | 1.91x | RM-90.93 Million |
| 2025 | -2.61% | -42.12% | 0.03x | 1.91x | RM-88.38 Million |
Industry Comparison
This section compares Iskandar Waterfront City Bhd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $573,174,676
- Average return on equity (ROE) among peers: 8.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Iskandar Waterfront City Bhd (1589) | RM700.87 Million | 1.27% | 0.91x | $53.19 Million |
| Vinvest Capital Holdings Bhd (0069) | $433.41 Million | 11.40% | 0.39x | $9.73 Million |
| Gagasan Nadi Cergas Berhad (0206) | $353.32 Million | 14.08% | 1.48x | $67.11 Million |
| Vestland Berhad (0273) | $35.81 Million | 19.57% | 2.38x | $132.77 Million |
| Global Oriental Bhd (1147) | $468.60 Million | 1.70% | 0.72x | $11.42 Million |
| Pan Malaysia Holdings Bhd (1287) | $30.35 Million | -11.34% | 0.71x | $224.46 Million |
| GuocoLand (Malaysia) Bhd (1503) | $1.23 Billion | 15.35% | 1.35x | $183.34 Million |
| Symphony Life Bhd (1538) | $564.00 Million | 9.04% | 0.93x | $28.90 Million |
| Paramount Corporation Bhd (1724) | $1.27 Billion | 8.28% | 1.11x | $156.36 Million |
| Selangor Dredging Bhd (2224) | $771.00 Million | 8.69% | 0.86x | $51.35 Million |
About Iskandar Waterfront City Bhd
Iskandar Waterfront City Berhad, an investment holding company, engages in the property development and construction business in Malaysia. The company develops residential and commercial properties. It is also involved in constructing infrastructure projects and buildings, as well as holds properties. The company was formerly known as Tebrau Teguh Berhad and changed its name to Iskandar Waterfron… Read more