Kuchai Develop Bhd
Kuchai Development Berhad, an investment holding company, engages in the property rental business in Malaysia and Singapore. The company was incorporated in 1967 and is based in Johor Bahru, Malaysia.
Kuchai Develop Bhd (2186) - Net Assets
Latest net assets as of September 2025: RM64.00 Million MYR
Based on the latest financial reports, Kuchai Develop Bhd (2186) has net assets worth RM64.00 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 (RM65.73 Million) and total liabilities (RM1.73 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 | RM64.00 Million |
| % of Total Assets | 97.37% |
| Annual Growth Rate | -10.58% |
| 5-Year Change | -86.81% |
| 10-Year Change | -86.05% |
| Growth Volatility | 28.23 |
Kuchai Develop Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Kuchai Develop 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 Kuchai Develop Bhd (2012–2025)
The table below shows the annual net assets of Kuchai Develop Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM64.05 Million | -85.54% |
| 2024-06-30 | RM442.79 Million | +28.11% |
| 2023-06-30 | RM345.64 Million | -7.78% |
| 2022-06-30 | RM374.79 Million | -22.83% |
| 2021-06-30 | RM485.68 Million | +10.54% |
| 2020-06-30 | RM439.38 Million | -11.50% |
| 2019-06-30 | RM496.51 Million | -6.40% |
| 2018-06-30 | RM530.46 Million | +5.87% |
| 2017-06-30 | RM501.03 Million | +9.15% |
| 2016-06-30 | RM459.02 Million | -3.97% |
| 2015-06-30 | RM478.00 Million | +25.79% |
| 2014-06-30 | RM380.00 Million | +18.38% |
| 2013-06-30 | RM321.00 Million | +17.15% |
| 2012-06-30 | RM274.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kuchai Develop 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 84.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM63.38 Million | 98.95% |
| Common Stock | RM669.53K | 1.05% |
| Other Components | RM10.00 | 0.00% |
| Total Equity | RM64.05 Million | 100.00% |
Kuchai Develop Bhd Competitors by Market Cap
The table below lists competitors of Kuchai Develop Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TME Pharma N.V.
PA:ALTME
|
$137.38K |
|
CF Acquisition Corp. VII Warrant
NASDAQ:CFFSW
|
$137.42K |
|
IHI Corp
BE:IWJ
|
$137.43K |
|
MODUS THERAPEUTICS HLDG
F:99Z
|
$137.63K |
|
GUESS? (GU9.SG)
STU:GU9
|
$137.35K |
|
Can Fite Biopharma Ltd
TA:CANF
|
$137.32K |
|
AOZORA BANK
MU:AON
|
$137.29K |
|
GUESS?
BE:GU9
|
$137.12K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kuchai Develop Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 442,786,310 to 64,047,660, a change of -378,738,650 (-85.5%).
- Net loss of 181,461,760 reduced equity.
- Dividend payments of 24,749,470 reduced retained earnings.
- Other factors decreased equity by 172,527,420.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-181.46 Million | -283.32% |
| Dividends Paid | RM24.75 Million | -38.64% |
| Other Changes | RM-172.53 Million | -269.37% |
| Total Change | RM- | -85.54% |
Book Value vs Market Value Analysis
This analysis compares Kuchai Develop 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: 0.06x
- 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 |
|---|---|---|---|
| 2016-06-30 | RM3.71 | RM0.03 | x |
| 2017-06-30 | RM4.05 | RM0.03 | x |
| 2018-06-30 | RM4.29 | RM0.03 | x |
| 2019-06-30 | RM4.01 | RM0.03 | x |
| 2020-06-30 | RM3.55 | RM0.03 | x |
| 2021-06-30 | RM3.92 | RM0.03 | x |
| 2022-06-30 | RM3.03 | RM0.03 | x |
| 2023-06-30 | RM2.79 | RM0.03 | x |
| 2024-06-30 | RM3.58 | RM0.03 | x |
| 2025-06-30 | RM0.52 | RM0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kuchai Develop 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): -283.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2861.92%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.03x
- Recent ROE (-283.32%) is below the historical average (-29.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -9.80% | -650.54% | 0.02x | 1.00x | RM-90.88 Million |
| 2017 | 8.96% | 764.52% | 0.01x | 1.00x | RM-5.22 Million |
| 2018 | 1.53% | 104.60% | 0.01x | 1.00x | RM-44.90 Million |
| 2019 | 0.45% | 32.57% | 0.01x | 1.00x | RM-47.41 Million |
| 2020 | 0.61% | 37.27% | 0.02x | 1.00x | RM-41.25 Million |
| 2021 | 4.17% | 292.84% | 0.01x | 1.00x | RM-28.31 Million |
| 2022 | -26.52% | -1310.28% | 0.02x | 1.01x | RM-136.86 Million |
| 2023 | 3.23% | 115.93% | 0.03x | 1.01x | RM-23.40 Million |
| 2024 | 2.90% | 107.89% | 0.03x | 1.01x | RM-31.44 Million |
| 2025 | -283.32% | -2861.92% | 0.10x | 1.03x | RM-187.87 Million |
Industry Comparison
This section compares Kuchai Develop Bhd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $236,353,702
- Average return on equity (ROE) among peers: 13.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kuchai Develop Bhd (2186) | RM64.00 Million | -9.80% | 0.03x | $137.38K |
| OSK Ventures International Bhd (0053) | $248.39 Million | 9.64% | 0.04x | $3.35 Million |
| JCBNext Berhad Bhd (0058) | $61.38 Million | 35.37% | 0.27x | $8.91 Million |
| Fintec Global Bhd (0150) | $185.37 Million | 23.43% | 0.09x | $3.07 Million |
| Malpac Holdings Bhd (4936) | $171.91 Million | -1.42% | 0.05x | $822.83K |
| iCapital.biz Berhad (5108) | $514.73 Million | 0.51% | 0.00x | $5.23K |