Alliance Financial Group Bhd (2488) - Net Assets

Latest as of September 2025: RM8.61 Billion MYR ≈ $2.16 Billion USD

Based on the latest financial reports, Alliance Financial Group Bhd (2488) has net assets worth RM8.61 Billion MYR (≈ $2.16 Billion USD) 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 ≈ $21.72 Billion USD) and total liabilities (RM77.88 Billion ≈ $19.55 Billion 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 financial resilience of Alliance Financial Group Bhd to evaluate the company's liquid asset resilience ratio.

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. Also explore Alliance Financial Group Bhd total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 2488 company net worth.

Year	Net Assets	Change
2025-03-31	RM7.67 Billion ≈ $1.93 Billion	+6.88%
2024-03-31	RM7.18 Billion ≈ $1.80 Billion	-88.90%
2023-03-31	RM64.63 Billion ≈ $16.23 Billion	+907.15%
2022-03-31	RM6.42 Billion ≈ $1.61 Billion	+2.54%
2021-03-31	RM6.26 Billion ≈ $1.57 Billion	+4.49%
2020-03-31	RM5.99 Billion ≈ $1.50 Billion	+4.47%
2019-03-31	RM5.73 Billion ≈ $1.44 Billion	+5.00%
2018-03-31	RM5.46 Billion ≈ $1.37 Billion	+6.75%
2017-03-31	RM5.11 Billion ≈ $1.28 Billion	+5.62%
2016-03-31	RM4.84 Billion ≈ $1.22 Billion	+7.72%
2015-03-31	RM4.50 Billion ≈ $1.13 Billion	+7.90%
2014-03-31	RM4.17 Billion ≈ $1.05 Billion	+3.24%
2013-03-31	RM4.04 Billion ≈ $1.01 Billion	+6.98%
2012-03-31	RM3.77 Billion ≈ $946.99 Million	+9.97%
2011-03-31	RM3.43 Billion ≈ $861.12 Million	+16.20%
2010-03-31	RM2.95 Billion ≈ $741.07 Million	+6.69%
2009-03-31	RM2.77 Billion ≈ $694.59 Million	+6.64%
2008-03-31	RM2.59 Billion ≈ $651.37 Million	+33.21%
2007-03-31	RM1.95 Billion ≈ $488.96 Million	+11.46%
2006-03-31	RM1.75 Billion ≈ $438.70 Million	--

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
Zhejiang Medicine Co Ltd SHG:600216	$2.05 Billion
Xian Xice Testing Technology Co. Ltd. A SHE:301306	$2.05 Billion
Oesterr. Post AG VI:POST	$2.05 Billion
Penn National Gaming Inc NASDAQ:PENN	$2.05 Billion
JOYY Inc NASDAQ:JOYY	$2.05 Billion
Hoymiles Power Electronics Inc SHG:688032	$2.04 Billion
VusionGroup PA:VU	$2.04 Billion
Hexing Electrical Co Ltd SHG:603556	$2.04 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: 0.95x
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.
The price-to-book ratio has decreased from 3.15x to 0.95x 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	RM4.71	x
2007-03-31	RM1.43	RM4.71	x
2008-03-31	RM1.73	RM4.71	x
2009-03-31	RM1.79	RM4.71	x
2010-03-31	RM1.92	RM4.71	x
2011-03-31	RM2.23	RM4.71	x
2012-03-31	RM2.47	RM4.71	x
2013-03-31	RM2.64	RM4.71	x
2014-03-31	RM2.74	RM4.71	x
2015-03-31	RM2.95	RM4.71	x
2016-03-31	RM3.17	RM4.71	x
2017-03-31	RM3.35	RM4.71	x
2018-03-31	RM3.53	RM4.71	x
2019-03-31	RM3.70	RM4.71	x
2020-03-31	RM3.87	RM4.71	x
2021-03-31	RM4.04	RM4.71	x
2022-03-31	RM4.14	RM4.71	x
2023-03-31	RM4.36	RM4.71	x
2024-03-31	RM4.63	RM4.71	x
2025-03-31	RM4.95	RM4.71	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: $22,418,424,778
Average return on equity (ROE) among peers: 9.08%

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	$2.05 Billion
AMMB Holdings Bhd (1015)	$20.62 Billion	9.70%	8.65x	$5.19 Billion
CIMB Group Holdings Bhd (1023)	$11.11 Billion	9.27%	9.22x	$20.84 Billion
RHB Bank Bhd (1066)	$6.05 Billion	9.85%	16.07x	$8.98 Billion
Hong Leong Financial Group Bhd (1082)	$35.99 Billion	6.81%	6.97x	$5.37 Billion
Malayan Banking Bhd (1155)	$63.51 Billion	10.76%	10.15x	$34.21 Billion
Malaysia Building Society Bhd (1171)	$479.14 Million	11.13%	13.03x	$1.41 Billion
Public Bank Bhd (1295)	$44.75 Billion	12.32%	8.67x	$23.15 Billion
AFFIN Holdings Bhd (5185)	$11.60 Billion	4.39%	8.64x	$1.60 Billion
Bank Islam Malaysia Bhd (5258)	$7.66 Billion	7.46%	11.64x	$1.33 Billion

About Alliance Financial Group Bhd

KLSE:2488 Malaysia Banks - Regional

Market Cap

$2.05 Billion

RM8.15 Billion MYR

Market Cap Rank

#6173 Global

#51 in Malaysia

Share Price

RM4.71

Change (1 day)

+1.07%

52-Week Range

RM4.19 - RM5.53

All Time High

RM5.53