United Malacca Bhd (2593) - Net Assets

Latest as of April 2026: RM1.56 Billion MYR ≈ $391.42 Million USD

Based on the latest financial reports, United Malacca Bhd (2593) has net assets worth RM1.56 Billion MYR (≈ $391.42 Million USD) as of April 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.82 Billion ≈ $458.04 Million USD) and total liabilities (RM265.35 Million ≈ $66.62 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. For live market cap and overall valuation, see market cap of United Malacca Bhd.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM1.56 Billion
% of Total Assets	85.46%
Annual Growth Rate	0.08%
5-Year Change	11.21%
10-Year Change	10.49%
Growth Volatility	6.12

United Malacca Bhd - Net Assets Trend (2013–2026)

This chart illustrates how United Malacca Bhd's net assets have evolved over time, based on quarterly financial data.

Annual Net Assets for United Malacca Bhd (2013–2026)

The table below shows the annual net assets of United Malacca Bhd from 2013 to 2026. See 2593 equity financing ratio to measure how much of total assets are equity-financed.

Year	Net Assets	Change
2026-04-30	RM1.56 Billion ≈ $391.42 Million	+3.74%
2025-04-30	RM1.50 Billion ≈ $377.32 Million	+1.46%
2024-04-30	RM1.48 Billion ≈ $371.91 Million	+3.31%
2023-04-30	RM1.43 Billion ≈ $359.98 Million	+2.28%
2022-04-30	RM1.40 Billion ≈ $351.97 Million	+7.12%
2021-04-30	RM1.31 Billion ≈ $328.57 Million	-0.69%
2020-04-30	RM1.32 Billion ≈ $330.85 Million	-0.06%
2019-04-30	RM1.32 Billion ≈ $331.04 Million	-3.64%
2018-04-30	RM1.37 Billion ≈ $343.56 Million	-3.02%
2017-04-30	RM1.41 Billion ≈ $354.26 Million	-17.42%
2016-04-30	RM1.71 Billion ≈ $428.99 Million	+1.71%
2015-04-30	RM1.68 Billion ≈ $421.79 Million	+0.24%
2014-04-30	RM1.68 Billion ≈ $420.79 Million	+8.69%
2013-04-30	RM1.54 Billion ≈ $387.15 Million	--

Equity Component Analysis

This analysis shows how different components contribute to United Malacca 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 117.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (April 2026)

Component	Amount	Percentage
Retained Earnings	RM1.36 Billion	87.27%
Other Components	RM198.65 Million	12.73%
Total Equity	RM1.56 Billion	100.00%

United Malacca Bhd Competitors by Market Cap

The table below lists competitors of United Malacca Bhd ranked by their market capitalization.

Company	Market Cap
Stalprodukt SA WAR:STP	$312.32 Million
Grupo Empresas Navieras SA SN:NAVIERA	$312.35 Million
Precious Shipping Public Company Limited BK:PSL-R	$312.37 Million
Bpost NV BR:BPOST	$312.39 Million
Seoul Food KO:004410	$312.28 Million
Kogan.com Ltd AU:KGN	$312.27 Million
Centurion Acquisition Corp. NASDAQ:ALF	$312.23 Million
Richtech Robotics Inc. Class B Common Stock NASDAQ:RR	$312.22 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in United Malacca Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 1,502,883,000 to 1,560,628,000, a change of 57,745,000 (3.8%).
Net income of 144,678,000 contributed positively to equity growth.
Dividend payments of 41,954,000 reduced retained earnings.
Other factors decreased equity by 44,979,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	RM144.68 Million	+9.27%
Dividends Paid	RM41.95 Million	-2.69%
Other Changes	RM-44.98 Million	-2.88%
Total Change	RM-	3.84%

Book Value vs Market Value Analysis

This analysis compares United Malacca 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: 0.80x
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
2017-04-30	RM6.74	RM5.93	x
2018-04-30	RM6.53	RM5.93	x
2019-04-30	RM6.29	RM5.93	x
2020-04-30	RM6.28	RM5.93	x
2021-04-30	RM6.24	RM5.93	x
2022-04-30	RM6.68	RM5.93	x
2023-04-30	RM6.84	RM5.93	x
2024-04-30	RM6.92	RM5.93	x
2025-04-30	RM7.16	RM5.93	x
2026-04-30	RM7.44	RM5.93	x

Capital Efficiency Dashboard

This dashboard shows how efficiently United Malacca 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): 9.27%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 17.79%
• Asset Turnover: 0.45x
• Equity Multiplier: 1.17x
Recent ROE (9.27%) is above the historical average (3.80%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	3.49%	28.96%	0.10x	1.21x	RM-111.29 Million
2017	5.99%	30.78%	0.14x	1.34x	RM-56.55 Million
2018	1.84%	9.05%	0.15x	1.33x	RM-111.67 Million
2019	-2.96%	-19.16%	0.11x	1.41x	RM-170.88 Million
2020	1.24%	5.55%	0.16x	1.36x	RM-115.47 Million
2021	0.99%	3.27%	0.23x	1.32x	RM-117.86 Million
2022	7.72%	19.53%	0.30x	1.31x	RM-32.00 Million
2023	4.28%	10.14%	0.33x	1.28x	RM-82.06 Million
2024	3.47%	8.47%	0.32x	1.27x	RM-94.73 Million
2025	6.42%	13.56%	0.38x	1.23x	RM-53.85 Million
2026	9.27%	17.79%	0.45x	1.17x	RM-11.38 Million

Industry Comparison

This section compares United Malacca Bhd's net assets metrics with peer companies in the Farm Products industry.

Industry Context

Industry: Farm Products
Average net assets among peers: $516,230,176
Average return on equity (ROE) among peers: 0.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
United Malacca Bhd (2593)	RM1.56 Billion	3.49%	0.17x	$312.31 Million
Green Ocean Corporation Bhd (0074)	$20.07 Million	-37.43%	0.89x	$5.57 Million
MAG Holdings Berhad (0095)	$767.53 Million	4.45%	0.40x	$76.43 Million
Greenyield Bhd (0136)	$150.48 Million	21.64%	0.74x	$20.87 Million
Heng Huat Resources Group Bhd (0175)	$231.51 Million	3.70%	0.31x	$36.22 Million
Matang Bhd (0189)	$248.32 Million	2.40%	0.03x	$44.99 Million
Pinehill Pacific Bhd (1902)	$193.12 Million	-4.08%	-0.01x	$17.30 Million
Chin Teck Plantations Bhd (1929)	$645.00 Million	4.65%	0.02x	$244.52 Million
Kretam Holdings Bhd (1996)	$919.00 Million	1.63%	0.28x	$383.19 Million
Negri Sembilan Oil Palms Bhd (2038)	$537.26 Million	0.23%	0.35x	$95.71 Million
TDM Berhad (2054)	$1.45 Billion	4.90%	0.78x	$101.65 Million

About United Malacca Bhd

KLSE:2593 Malaysia Farm Products

Market Cap

$312.31 Million

RM1.24 Billion MYR

Market Cap Rank

#14724 Global

#171 in Malaysia

Share Price

RM5.93

Change (1 day)

+0.51%

52-Week Range

RM5.28 - RM6.09

All Time High

RM6.17