Alliance Financial Group Bhd
Alliance Bank Malaysia Berhad provides banking and related financial services in Malaysia. The company operates through Consumer Banking, Business Banking, Financial Markets, and Others segments. It accepts savings, current, fixed/term deposit, foreign currency, employee, and business accounts. The company also offers personal loans, mortgages, and margin and portfolio financing services; busines… Read more
Alliance Financial Group Bhd (2488) - Net Assets
Latest net assets as of September 2025: RM8.61 Billion MYR
Based on the latest financial reports, Alliance Financial Group Bhd (2488) has net assets worth RM8.61 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 (RM86.49 Billion) and total liabilities (RM77.88 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 | RM8.61 Billion |
| % of Total Assets | 9.95% |
| Annual Growth Rate | 8.1% |
| 5-Year Change | 22.54% |
| 10-Year Change | 58.37% |
| Growth Volatility | 203.13 |
Alliance Financial Group Bhd - Net Assets Trend (2006–2025)
This chart illustrates how Alliance Financial 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 Alliance Financial Group Bhd (2006–2025)
The table below shows the annual net assets of Alliance Financial Group Bhd from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM7.67 Billion | +6.88% |
| 2024-03-31 | RM7.18 Billion | -88.90% |
| 2023-03-31 | RM64.63 Billion | +907.15% |
| 2022-03-31 | RM6.42 Billion | +2.54% |
| 2021-03-31 | RM6.26 Billion | +4.49% |
| 2020-03-31 | RM5.99 Billion | +4.47% |
| 2019-03-31 | RM5.73 Billion | +5.00% |
| 2018-03-31 | RM5.46 Billion | +6.75% |
| 2017-03-31 | RM5.11 Billion | +5.62% |
| 2016-03-31 | RM4.84 Billion | +7.72% |
| 2015-03-31 | RM4.50 Billion | +7.90% |
| 2014-03-31 | RM4.17 Billion | +3.24% |
| 2013-03-31 | RM4.04 Billion | +6.98% |
| 2012-03-31 | RM3.77 Billion | +9.97% |
| 2011-03-31 | RM3.43 Billion | +16.20% |
| 2010-03-31 | RM2.95 Billion | +6.69% |
| 2009-03-31 | RM2.77 Billion | +6.64% |
| 2008-03-31 | RM2.59 Billion | +33.21% |
| 2007-03-31 | RM1.95 Billion | +11.46% |
| 2006-03-31 | RM1.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alliance Financial 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 grown by 618779700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM6.01 Billion | 78.43% |
| Common Stock | RM1.55 Billion | 20.19% |
| Other Comprehensive Income | RM106.22 Million | 1.39% |
| Total Equity | RM7.67 Billion | 100.00% |
Alliance Financial Group Bhd Competitors by Market Cap
The table below lists competitors of Alliance Financial Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vizio Holding Corp
NYSE:VZIO
|
$1.01 Billion |
|
IMMUNOCORE HLDGS ADS/1
F:6YG
|
$1.01 Billion |
|
Yifan Xinfu Pharmaceutical Co Ltd
SHE:002019
|
$1.01 Billion |
|
Universal Robina Corporation
PINK:UVRBF
|
$1.01 Billion |
|
Shenzhen United Winners Laser Co Ltd
SHG:688518
|
$1.01 Billion |
|
Shanghai Taisheng Wind Power
SHE:300129
|
$1.01 Billion |
|
Blue Moon Group Holdings Limited
PINK:BLUMY
|
$1.01 Billion |
|
REYNOLDS CONS.PROD.DL-001
F:3ZT
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alliance Financial Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,175,128,000 to 7,668,447,000, a change of 493,319,000 (6.9%).
- Net income of 750,726,000 contributed positively to equity growth.
- Dividend payments of 324,328,000 reduced retained earnings.
- Other comprehensive income increased equity by 28,609,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM750.73 Million | +9.79% |
| Dividends Paid | RM324.33 Million | -4.23% |
| Other Comprehensive Income | RM28.61 Million | +0.37% |
| Other Changes | RM38.31 Million | +0.5% |
| Total Change | RM- | 6.88% |
Book Value vs Market Value Analysis
This analysis compares Alliance Financial 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: 1.02x
- 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 3.36x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | RM1.50 | RM5.03 | x |
| 2007-03-31 | RM1.43 | RM5.03 | x |
| 2008-03-31 | RM1.73 | RM5.03 | x |
| 2009-03-31 | RM1.79 | RM5.03 | x |
| 2010-03-31 | RM1.92 | RM5.03 | x |
| 2011-03-31 | RM2.23 | RM5.03 | x |
| 2012-03-31 | RM2.47 | RM5.03 | x |
| 2013-03-31 | RM2.64 | RM5.03 | x |
| 2014-03-31 | RM2.74 | RM5.03 | x |
| 2015-03-31 | RM2.95 | RM5.03 | x |
| 2016-03-31 | RM3.17 | RM5.03 | x |
| 2017-03-31 | RM3.35 | RM5.03 | x |
| 2018-03-31 | RM3.53 | RM5.03 | x |
| 2019-03-31 | RM3.70 | RM5.03 | x |
| 2020-03-31 | RM3.87 | RM5.03 | x |
| 2021-03-31 | RM4.04 | RM5.03 | x |
| 2022-03-31 | RM4.14 | RM5.03 | x |
| 2023-03-31 | RM4.36 | RM5.03 | x |
| 2024-03-31 | RM4.63 | RM5.03 | x |
| 2025-03-31 | RM4.95 | RM5.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alliance Financial 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): 9.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.38%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.11x
- Recent ROE (9.79%) is above the historical average (9.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -11.56% | -15.56% | 0.05x | 13.53x | RM-375.65 Million |
| 2007 | 5.53% | 7.30% | 0.06x | 13.58x | RM-86.91 Million |
| 2008 | 14.68% | 23.80% | 0.06x | 10.69x | RM121.15 Million |
| 2009 | 8.29% | 13.87% | 0.05x | 11.53x | RM-47.30 Million |
| 2010 | 10.23% | 19.55% | 0.05x | 10.74x | RM6.79 Million |
| 2011 | 11.95% | 24.56% | 0.05x | 10.55x | RM66.67 Million |
| 2012 | 13.36% | 26.18% | 0.05x | 10.54x | RM126.42 Million |
| 2013 | 13.35% | 26.89% | 0.05x | 10.84x | RM135.08 Million |
| 2014 | 13.53% | 25.79% | 0.05x | 11.54x | RM146.95 Million |
| 2015 | 11.81% | 22.88% | 0.04x | 11.82x | RM81.27 Million |
| 2016 | 10.78% | 20.84% | 0.05x | 11.49x | RM37.84 Million |
| 2017 | 10.01% | 20.46% | 0.05x | 10.58x | RM703.20K |
| 2018 | 9.03% | 19.38% | 0.05x | 9.87x | RM-52.73 Million |
| 2019 | 9.38% | 20.40% | 0.05x | 9.86x | RM-35.69 Million |
| 2020 | 7.08% | 15.51% | 0.04x | 10.18x | RM-174.64 Million |
| 2021 | 5.73% | 13.83% | 0.04x | 9.70x | RM-266.99 Million |
| 2022 | 8.93% | 23.57% | 0.04x | 9.64x | RM-68.85 Million |
| 2023 | 10.05% | 25.43% | 0.04x | 9.83x | RM3.18 Million |
| 2024 | 9.62% | 21.74% | 0.04x | 10.72x | RM-27.04 Million |
| 2025 | 9.79% | 20.38% | 0.04x | 11.11x | RM-16.12 Million |
Industry Comparison
This section compares Alliance Financial Group Bhd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $20,322,243,571
- Average return on equity (ROE) among peers: 10.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alliance Financial Group Bhd (2488) | RM8.61 Billion | -11.56% | 9.05x | $1.01 Billion |
| CIMB Group Holdings Bhd (1023) | $63.78 Billion | 8.53% | 9.45x | $13.96 Billion |
| RHB Bank Bhd (1066) | $32.53 Billion | 9.59% | 9.76x | $4.94 Billion |
| Malaysia Building Society Bhd (1171) | $7.12 Billion | 5.85% | 5.29x | $512.21 Million |
| Public Bank Bhd (1295) | $21.20 Billion | 19.18% | 13.42x | $15.62 Billion |
| AFFIN Holdings Bhd (5185) | $8.68 Billion | 6.50% | 6.93x | $645.90 Million |
| Bank Islam Malaysia Bhd (5258) | $4.53 Billion | 13.67% | 13.51x | $594.30 Million |
| Hong Leong Bank Bhd (5819) | $4.40 Billion | 11.66% | 12.11x | $3.28 Billion |