Malaysian Resources Corporation
Malaysian Resources Corporation Berhad, an investment holding company, operates as a property and construction company in Malaysia, Australia, Thailand, Singapore, Hong Kong, and New Zealand. The company operates through Property development and investment; Engineering, Construction, and Environment; and Facilities Management and Parking segments. It engages in property development and investment… Read more
Malaysian Resources Corporation (1651) - Net Assets
Latest net assets as of September 2025: RM4.60 Billion MYR
Based on the latest financial reports, Malaysian Resources Corporation (1651) has net assets worth RM4.60 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM9.03 Billion) and total liabilities (RM4.43 Billion). 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 | RM4.60 Billion |
| % of Total Assets | 50.97% |
| Annual Growth Rate | 9.93% |
| 5-Year Change | 1.3% |
| 10-Year Change | 99.75% |
| Growth Volatility | 18.68 |
Malaysian Resources Corporation - Net Assets Trend (2012–2024)
This chart illustrates how Malaysian Resources Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Malaysian Resources Corporation (2012–2024)
The table below shows the annual net assets of Malaysian Resources Corporation from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM4.62 Billion | +0.45% |
| 2023-12-31 | RM4.60 Billion | +1.39% |
| 2022-12-31 | RM4.54 Billion | -0.08% |
| 2021-12-31 | RM4.54 Billion | -0.44% |
| 2020-12-31 | RM4.56 Billion | -4.91% |
| 2019-12-31 | RM4.80 Billion | -0.75% |
| 2018-12-31 | RM4.83 Billion | +0.32% |
| 2017-12-31 | RM4.82 Billion | +64.71% |
| 2016-12-31 | RM2.92 Billion | +26.44% |
| 2015-12-31 | RM2.31 Billion | +12.01% |
| 2014-12-31 | RM2.06 Billion | +18.88% |
| 2013-12-31 | RM1.74 Billion | +17.13% |
| 2012-12-31 | RM1.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Malaysian Resources Corporation'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 213.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM260.09 Million | 5.64% |
| Common Stock | RM4.36 Billion | 94.40% |
| Total Equity | RM4.61 Billion | 100.00% |
Malaysian Resources Corporation Competitors by Market Cap
The table below lists competitors of Malaysian Resources Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yingkou Fengguang Advanced Material Co.Ltd.
SHE:301100
|
$138.88 Million |
|
Cibus Global LLC
NASDAQ:CBUS
|
$138.92 Million |
|
Rosenbauer International AG
VI:ROS
|
$138.96 Million |
|
Frauenthal Holding AG
VI:FKA
|
$138.97 Million |
|
Formosan Rubber Group Inc
TW:2107
|
$138.81 Million |
|
China Aerospace International Holdings Limited
PINK:CHAEF
|
$138.80 Million |
|
Dune Acquisition Corporation II Class A Ordinary Shares
NASDAQ:IPOD
|
$138.78 Million |
|
Beijing Jiaoda Signal Technology
SHE:300851
|
$138.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Malaysian Resources Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,594,092,000 to 4,614,698,000, a change of 20,606,000 (0.4%).
- Net income of 63,670,000 contributed positively to equity growth.
- Dividend payments of 44,675,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,694,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM63.67 Million | +1.38% |
| Dividends Paid | RM44.67 Million | -0.97% |
| Other Comprehensive Income | RM2.69 Million | +0.06% |
| Other Changes | RM-1.08 Million | -0.02% |
| Total Change | RM- | 0.45% |
Book Value vs Market Value Analysis
This analysis compares Malaysian Resources Corporation'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: 0.28x
- 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 | RM1.36 | RM0.29 | x |
| 2017-12-31 | RM1.10 | RM0.29 | x |
| 2018-12-31 | RM1.10 | RM0.29 | x |
| 2019-12-31 | RM1.08 | RM0.29 | x |
| 2020-12-31 | RM1.03 | RM0.29 | x |
| 2021-12-31 | RM1.01 | RM0.29 | x |
| 2022-12-31 | RM1.01 | RM0.29 | x |
| 2023-12-31 | RM1.03 | RM0.29 | x |
| 2024-12-31 | RM1.03 | RM0.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Malaysian Resources Corporation 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): 1.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.87%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.01x
- Recent ROE (1.38%) is below the historical average (3.12%), 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 | 14.60% | 19.45% | 0.24x | 3.14x | RM103.99 Million |
| 2016 | 9.14% | 11.10% | 0.32x | 2.57x | RM-25.10 Million |
| 2017 | 3.36% | 6.13% | 0.26x | 2.14x | RM-319.81 Million |
| 2018 | 2.09% | 5.41% | 0.22x | 1.73x | RM-382.08 Million |
| 2019 | 0.50% | 1.80% | 0.16x | 1.77x | RM-452.80 Million |
| 2020 | -3.90% | -14.79% | 0.14x | 1.83x | RM-632.44 Million |
| 2021 | 0.35% | 1.09% | 0.16x | 2.04x | RM-435.43 Million |
| 2022 | 1.43% | 2.02% | 0.35x | 2.04x | RM-388.27 Million |
| 2023 | 2.20% | 3.98% | 0.29x | 1.93x | RM-358.38 Million |
| 2024 | 1.38% | 3.87% | 0.18x | 2.01x | RM-397.80 Million |
Industry Comparison
This section compares Malaysian Resources Corporation's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $122,625,026
- Average return on equity (ROE) among peers: 10.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Malaysian Resources Corporation (1651) | RM4.60 Billion | 14.60% | 0.96x | $138.84 Million |
| Southern Score Builders Berhad (0045) | $185.91 Million | 21.63% | 0.66x | $100.69 Million |
| Mega Sun City Holdings Bhd (0081) | $63.83 Million | 5.86% | 0.08x | $774.65K |
| Waja Konsortium Bhd (0102) | $41.21 Million | 2.11% | 0.40x | $3.75 Million |
| Kelington Group Bhd (0151) | $21.62 Million | 30.56% | 1.09x | $533.88 Million |
| Widad Group Bhd (0162) | $456.36 Million | -3.64% | 1.38x | $3.73 Million |
| Pasukhas Group Bhd (0177) | $74.27 Million | -9.78% | 1.27x | $1.72 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $19.35 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $1.84 Million |
| Inta Bina Group Bhd (0192) | $99.86 Million | 15.42% | 1.52x | $19.05 Million |
| Kejuruteraan Asastera Bhd (0193) | $10.62 Million | 42.83% | 4.18x | $86.27 Million |