George Kent (Malaysia) Bhd (3204) - Net Assets
Based on the latest financial reports, George Kent (Malaysia) Bhd (3204) has net assets worth RM464.15 Million MYR (≈ $116.53 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 (RM640.88 Million ≈ $160.90 Million USD) and total liabilities (RM176.73 Million ≈ $44.37 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 asset allocation strategy of George Kent (Malaysia) Bhd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM464.15 Million |
| % of Total Assets | 72.42% |
| Annual Growth Rate | 5.48% |
| 5-Year Change | -13.37% |
| 10-Year Change | 16.53% |
| Growth Volatility | 9.04 |
George Kent (Malaysia) Bhd - Net Assets Trend (2013–2026)
This chart illustrates how George Kent (Malaysia) Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 3204 company net worth.
Annual Net Assets for George Kent (Malaysia) Bhd (2013–2026)
The table below shows the annual net assets of George Kent (Malaysia) Bhd from 2013 to 2026. Also explore George Kent (Malaysia) Bhd equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | RM466.15 Million ≈ $117.04 Million |
-5.66% |
| 2025-01-31 | RM494.12 Million ≈ $124.06 Million |
-1.45% |
| 2024-01-31 | RM501.39 Million ≈ $125.88 Million |
-4.90% |
| 2023-01-31 | RM527.21 Million ≈ $132.37 Million |
-2.02% |
| 2022-01-31 | RM538.08 Million ≈ $135.09 Million |
+2.59% |
| 2021-01-31 | RM524.52 Million ≈ $131.69 Million |
+6.18% |
| 2020-01-31 | RM494.01 Million ≈ $124.03 Million |
+1.73% |
| 2019-01-31 | RM485.63 Million ≈ $121.93 Million |
+2.07% |
| 2018-01-31 | RM475.78 Million ≈ $119.45 Million |
+18.94% |
| 2017-01-31 | RM400.02 Million ≈ $100.43 Million |
+24.23% |
| 2016-01-31 | RM322.00 Million ≈ $80.84 Million |
+12.20% |
| 2015-01-31 | RM287.00 Million ≈ $72.06 Million |
+16.19% |
| 2014-01-31 | RM247.00 Million ≈ $62.01 Million |
+6.01% |
| 2013-01-31 | RM233.00 Million ≈ $58.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to George Kent (Malaysia) 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 95.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM292.64 Million | 62.79% |
| Other Components | RM173.42 Million | 37.21% |
| Total Equity | RM466.06 Million | 100.00% |
George Kent (Malaysia) Bhd Competitors by Market Cap
The table below lists competitors of George Kent (Malaysia) Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Formet Celik Kapi Sanayi ve Ticaret AS
IS:FORMT
|
$33.99 Million |
|
Woowon Development Co. Ltd
KQ:046940
|
$33.99 Million |
|
Horizon Space Acquisition II Corp. Ordinary share
NASDAQ:HSPT
|
$33.99 Million |
|
Biohit Oyj B
HE:BIOBV
|
$34.01 Million |
|
Danen Technology Corp
TW:3686
|
$33.98 Million |
|
Nasus Pharma Ltd.
NYSE MKT:NSRX
|
$33.96 Million |
|
SWISS PROPERTIES INV.100
F:SR1
|
$33.96 Million |
|
Tamul Multimedia Co. Ltd
KQ:093640
|
$33.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in George Kent (Malaysia) Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 494,123,000 to 466,055,000, a change of -28,068,000 (-5.7%).
- Net loss of 17,902,000 reduced equity.
- Dividend payments of 7,810,000 reduced retained earnings.
- Share repurchases of 200,000 reduced equity.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-17.90 Million | -3.84% |
| Dividends Paid | RM7.81 Million | -1.68% |
| Share Repurchases | RM200.00K | -0.04% |
| Other Changes | RM-2.16 Million | -0.46% |
| Total Change | RM- | -5.68% |
Book Value vs Market Value Analysis
This analysis compares George Kent (Malaysia) 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: 0.29x
- 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 |
|---|---|---|---|
| 2017-01-31 | RM0.71 | RM0.26 | x |
| 2018-01-31 | RM0.84 | RM0.26 | x |
| 2019-01-31 | RM0.90 | RM0.26 | x |
| 2020-01-31 | RM0.93 | RM0.26 | x |
| 2021-01-31 | RM1.00 | RM0.26 | x |
| 2022-01-31 | RM1.03 | RM0.26 | x |
| 2023-01-31 | RM1.01 | RM0.26 | x |
| 2024-01-31 | RM0.96 | RM0.26 | x |
| 2025-01-31 | RM0.95 | RM0.26 | x |
| 2026-01-31 | RM0.90 | RM0.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently George Kent (Malaysia) 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): -3.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.67%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.45x
- Recent ROE (-3.84%) is below the historical average (9.13%), 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 | 15.53% | 9.33% | 0.78x | 2.12x | RM17.80 Million |
| 2017 | 25.32% | 16.91% | 0.66x | 2.27x | RM61.28 Million |
| 2018 | 26.15% | 20.16% | 0.65x | 2.00x | RM76.82 Million |
| 2019 | 17.78% | 20.00% | 0.54x | 1.64x | RM37.76 Million |
| 2020 | 8.42% | 12.38% | 0.45x | 1.52x | RM-7.83 Million |
| 2021 | 9.29% | 15.68% | 0.37x | 1.62x | RM-3.71 Million |
| 2022 | 5.81% | 8.80% | 0.41x | 1.62x | RM-22.55 Million |
| 2023 | 0.14% | 0.29% | 0.31x | 1.53x | RM-52.01 Million |
| 2024 | -5.15% | -19.15% | 0.17x | 1.57x | RM-75.79 Million |
| 2025 | 0.95% | 3.42% | 0.18x | 1.52x | RM-44.71 Million |
| 2026 | -3.84% | -10.67% | 0.25x | 1.45x | RM-64.51 Million |
Industry Comparison
This section compares George Kent (Malaysia) Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $81,484,006
- Average return on equity (ROE) among peers: -9.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| George Kent (Malaysia) Bhd (3204) | RM464.15 Million | 15.53% | 0.38x | $33.99 Million |
| Southern Score Builders Berhad (0045) | $-6.44 Million | 0.00% | 0.00x | $353.75 Million |
| Ecobuilt Holdings Bhd (0059) | $34.50 Million | 4.23% | 4.18x | $3.70 Million |
| Mega Sun City Holdings Bhd (0081) | $65.34 Million | -44.66% | 0.02x | $3.72 Million |
| Waja Konsortium Bhd (0102) | $36.86 Million | -117.43% | 0.45x | $14.00 Million |
| Kelington Group Bhd (0151) | $40.24 Million | 21.22% | 0.72x | $1.65 Billion |
| Widad Group Bhd (0162) | $180.69 Million | 2.22% | 1.27x | $11.75 Million |
| Pasukhas Group Bhd (0177) | $165.33 Million | -11.64% | 0.37x | $4.31 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $60.64 Million |
| Cabnet Holdings Bhd (0191) | $27.59 Million | 23.23% | 0.49x | $9.20 Million |
| Inta Bina Group Bhd (0192) | $42.82 Million | 26.88% | 3.68x | $57.87 Million |
About George Kent (Malaysia) Bhd
George Kent (Malaysia) Berhad, together with its subsidiaries, provides various metering products for residential, industrial, and commercial customers in Malaysia and internationally. It operates through three segments: Engineering, Metering, and Others. The company manufactures and supplies water meters; brass components, valves, waterwork fittings, and flow control tools; and stopcocks, bib ta… Read more