Petron Malaysia Refining Marketing (3042) - Net Assets
Based on the latest financial reports, Petron Malaysia Refining Marketing (3042) has net assets worth RM2.55 Billion MYR (≈ $639.36 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM4.07 Billion ≈ $1.02 Billion USD) and total liabilities (RM1.52 Billion ≈ $382.05 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. Check 3042 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM2.55 Billion |
| % of Total Assets | 62.6% |
| Annual Growth Rate | 7.97% |
| 5-Year Change | 35.79% |
| 10-Year Change | 140.83% |
| Growth Volatility | 12.81 |
Petron Malaysia Refining Marketing - Net Assets Trend (2012–2024)
This chart illustrates how Petron Malaysia Refining Marketing's net assets have evolved over time, based on quarterly financial data. Also explore Petron Malaysia Refining Marketing assets under control for the complete picture of this company's asset base.
Annual Net Assets for Petron Malaysia Refining Marketing (2012–2024)
The table below shows the annual net assets of Petron Malaysia Refining Marketing from 2012 to 2024. For live valuation and market cap data, see Petron Malaysia Refining Marketing market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM2.36 Billion ≈ $593.77 Million |
-2.32% |
| 2023-12-31 | RM2.42 Billion ≈ $607.90 Million |
+9.23% |
| 2022-12-31 | RM2.22 Billion ≈ $556.52 Million |
+12.60% |
| 2021-12-31 | RM1.97 Billion ≈ $494.23 Million |
+13.03% |
| 2020-12-31 | RM1.74 Billion ≈ $437.26 Million |
-2.48% |
| 2019-12-31 | RM1.79 Billion ≈ $448.40 Million |
+7.02% |
| 2018-12-31 | RM1.67 Billion ≈ $418.98 Million |
+10.37% |
| 2017-12-31 | RM1.51 Billion ≈ $379.61 Million |
+29.91% |
| 2016-12-31 | RM1.16 Billion ≈ $292.22 Million |
+18.52% |
| 2015-12-31 | RM982.00 Million ≈ $246.55 Million |
+29.21% |
| 2014-12-31 | RM760.00 Million ≈ $190.81 Million |
-11.83% |
| 2013-12-31 | RM862.00 Million ≈ $216.42 Million |
-8.49% |
| 2012-12-31 | RM942.00 Million ≈ $236.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Petron Malaysia Refining Marketing'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 164.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM2.22 Billion | 93.95% |
| Common Stock | RM143.00 Million | 6.05% |
| Total Equity | RM2.36 Billion | 100.00% |
Petron Malaysia Refining Marketing Competitors by Market Cap
The table below lists competitors of Petron Malaysia Refining Marketing ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Orthopedic
TWO:4129
|
$298.97 Million |
|
Hyliion Holdings Corp.
NYSE:HYLN
|
$299.16 Million |
|
Fluxys Belgium
BR:FLUX
|
$299.21 Million |
|
Fabryka Farb i Lakierów ŚNIEŻKA SA
WAR:SKA
|
$299.34 Million |
|
BTS Group AB (publ)
ST:BTS-B
|
$298.93 Million |
|
PRUKSA HOLDING
BK:PSH-R
|
$298.84 Million |
|
Dasheng Times Cultural Investment Co Ltd
SHG:600892
|
$298.82 Million |
|
Intermedia Capital Tbk
JK:MDIA
|
$298.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Petron Malaysia Refining Marketing's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,421,250,000 to 2,364,979,000, a change of -56,271,000 (-2.3%).
- Net income of 18,038,000 contributed positively to equity growth.
- Dividend payments of 62,100,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM18.04 Million | +0.76% |
| Dividends Paid | RM62.10 Million | -2.63% |
| Other Changes | RM-12.21 Million | -0.52% |
| Total Change | RM- | -2.32% |
Book Value vs Market Value Analysis
This analysis compares Petron Malaysia Refining Marketing'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: 0.50x
- 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 1.02x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM4.31 | RM4.41 | x |
| 2017-12-31 | RM5.60 | RM4.41 | x |
| 2018-12-31 | RM6.18 | RM4.41 | x |
| 2019-12-31 | RM6.61 | RM4.41 | x |
| 2020-12-31 | RM6.45 | RM4.41 | x |
| 2021-12-31 | RM7.29 | RM4.41 | x |
| 2022-12-31 | RM8.21 | RM4.41 | x |
| 2023-12-31 | RM8.97 | RM4.41 | x |
| 2024-12-31 | RM8.76 | RM4.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Petron Malaysia Refining Marketing 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): 0.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.11%
- • Asset Turnover: 3.40x
- • Equity Multiplier: 1.97x
- Recent ROE (0.76%) is below the historical average (13.00%), 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 | 22.52% | 2.71% | 3.59x | 2.31x | RM122.85 Million |
| 2016 | 20.41% | 3.12% | 2.87x | 2.27x | RM121.16 Million |
| 2017 | 26.80% | 3.91% | 3.81x | 1.80x | RM253.98 Million |
| 2018 | 13.46% | 1.86% | 3.84x | 1.88x | RM57.66 Million |
| 2019 | 9.92% | 1.55% | 3.60x | 1.78x | RM-1.47 Million |
| 2020 | -0.76% | -0.21% | 2.17x | 1.71x | RM-187.47 Million |
| 2021 | 12.11% | 2.60% | 2.14x | 2.18x | RM41.62 Million |
| 2022 | 13.56% | 1.64% | 3.85x | 2.15x | RM78.93 Million |
| 2023 | 11.24% | 1.58% | 3.67x | 1.94x | RM29.94 Million |
| 2024 | 0.76% | 0.11% | 3.40x | 1.97x | RM-218.46 Million |
Industry Comparison
This section compares Petron Malaysia Refining Marketing's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $1,667,719,277
- Average return on equity (ROE) among peers: -4.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Petron Malaysia Refining Marketing (3042) | RM2.55 Billion | 22.52% | 0.60x | $298.95 Million |
| Hiap Huat Holdings Bhd (0160) | $57.73 Million | 3.36% | 0.40x | $11.90 Million |
| Hengyuan Refining Company Bhd (4324) | $1.40 Billion | -34.83% | 3.02x | $198.85 Million |
| Petronas Dagangan Bhd (5681) | $3.54 Billion | 18.25% | 0.84x | $5.03 Billion |
About Petron Malaysia Refining Marketing
Petron Malaysia Refining & Marketing Bhd engages in the manufacture, marketing, and sale of petroleum products for retail and commercial customers in Peninsular Malaysia. The company offers refined products, such as gasoline, jet fuel, naptha, automotive diesel oil (ADO), liquefied petroleum gas (LPG), and low sulfur waxy residue; engages in the retail of fuels; commercial fuels; and lubricants, … Read more