Berjaya Assets Bhd (3239) - Net Assets
Based on the latest financial reports, Berjaya Assets Bhd (3239) has net assets worth RM1.83 Billion MYR (≈ $460.09 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.04 Billion ≈ $763.93 Million USD) and total liabilities (RM1.21 Billion ≈ $303.84 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 Berjaya Assets Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM1.83 Billion |
| % of Total Assets | 60.23% |
| Annual Growth Rate | -1.27% |
| 5-Year Change | -5.02% |
| 10-Year Change | -15.46% |
| Growth Volatility | 5.91 |
Berjaya Assets Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Berjaya Assets Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Berjaya Assets Bhd total assets for the complete picture of this company's asset base.
Annual Net Assets for Berjaya Assets Bhd (2012–2025)
The table below shows the annual net assets of Berjaya Assets Bhd from 2012 to 2025. For live valuation and market cap data, see Berjaya Assets Bhd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM1.85 Billion ≈ $465.01 Million |
-1.71% |
| 2024-06-30 | RM1.88 Billion ≈ $473.10 Million |
-0.61% |
| 2023-06-30 | RM1.90 Billion ≈ $475.99 Million |
+1.19% |
| 2022-06-30 | RM1.87 Billion ≈ $470.40 Million |
-3.92% |
| 2021-06-30 | RM1.95 Billion ≈ $489.61 Million |
-3.10% |
| 2020-06-30 | RM2.01 Billion ≈ $505.27 Million |
-7.84% |
| 2019-06-30 | RM2.18 Billion ≈ $548.23 Million |
-4.55% |
| 2018-06-30 | RM2.29 Billion ≈ $574.38 Million |
+2.01% |
| 2017-06-30 | RM2.24 Billion ≈ $563.06 Million |
+2.36% |
| 2016-06-30 | RM2.19 Billion ≈ $550.05 Million |
-13.40% |
| 2015-06-30 | RM2.53 Billion ≈ $635.20 Million |
+1.28% |
| 2014-06-30 | RM2.50 Billion ≈ $627.17 Million |
+12.83% |
| 2013-06-30 | RM2.21 Billion ≈ $555.86 Million |
+1.28% |
| 2012-06-30 | RM2.19 Billion ≈ $548.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Berjaya Assets 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 decreased by 55.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM344.67 Million | 18.61% |
| Common Stock | RM1.54 Billion | 83.05% |
| Total Equity | RM1.85 Billion | 100.00% |
Berjaya Assets Bhd Competitors by Market Cap
The table below lists competitors of Berjaya Assets Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ames National Corporation
NASDAQ:ATLO
|
$189.58 Million |
|
Naturelgaz Sanayi ve Ticaret AS
IS:NTGAZ
|
$189.62 Million |
|
Toro Ltd
LSE:TORO
|
$189.69 Million |
|
Dongyang E&P Inc
KQ:079960
|
$189.73 Million |
|
China Glaze Co Ltd
TW:1809
|
$189.46 Million |
|
First Internet Bancorp
NASDAQ:INBK
|
$189.44 Million |
|
Daewon Sanup Co. Ltd
KQ:005710
|
$189.43 Million |
|
LifeMD Inc
NASDAQ:LFMD
|
$189.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Berjaya Assets Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,884,372,000 to 1,852,134,000, a change of -32,238,000 (-1.7%).
- Net loss of 17,843,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-17.84 Million | -0.96% |
| Other Changes | RM-14.39 Million | -0.78% |
| Total Change | RM- | -1.71% |
Book Value vs Market Value Analysis
This analysis compares Berjaya Assets 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: 0.41x
- 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 increased from 0.30x to 0.41x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM0.98 | RM0.30 | x |
| 2017-06-30 | RM0.94 | RM0.30 | x |
| 2018-06-30 | RM0.89 | RM0.30 | x |
| 2019-06-30 | RM0.85 | RM0.30 | x |
| 2020-06-30 | RM0.79 | RM0.30 | x |
| 2021-06-30 | RM0.76 | RM0.30 | x |
| 2022-06-30 | RM0.73 | RM0.30 | x |
| 2023-06-30 | RM0.74 | RM0.30 | x |
| 2024-06-30 | RM0.74 | RM0.30 | x |
| 2025-06-30 | RM0.72 | RM0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Berjaya Assets 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): -0.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.89%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.64x
- Recent ROE (-0.96%) is above the historical average (-2.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -2.47% | -13.98% | 0.11x | 1.58x | RM-273.21 Million |
| 2017 | -0.51% | -3.21% | 0.10x | 1.57x | RM-235.70 Million |
| 2018 | -1.44% | -10.54% | 0.09x | 1.57x | RM-261.74 Million |
| 2019 | -3.73% | -24.60% | 0.09x | 1.61x | RM-299.72 Million |
| 2020 | -6.15% | -50.17% | 0.08x | 1.63x | RM-325.01 Million |
| 2021 | -5.53% | -60.48% | 0.06x | 1.63x | RM-302.90 Million |
| 2022 | -2.93% | -31.57% | 0.06x | 1.66x | RM-242.32 Million |
| 2023 | -1.23% | -10.40% | 0.07x | 1.66x | RM-212.90 Million |
| 2024 | -1.10% | -8.56% | 0.08x | 1.64x | RM-209.24 Million |
| 2025 | -0.96% | -6.89% | 0.09x | 1.64x | RM-203.06 Million |
Industry Comparison
This section compares Berjaya Assets Bhd's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $3,653,236,674
- Average return on equity (ROE) among peers: -11.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Berjaya Assets Bhd (3239) | RM1.83 Billion | -2.47% | 0.66x | $189.48 Million |
| Digistar Corporation Bhd (0029) | $62.45 Million | -3.89% | 3.98x | $5.51 Million |
| Key Alliance Group Bhd (0036) | $88.04 Million | -16.42% | 0.25x | $2.15 Million |
| MSCM Holdings Bhd (0041) | $372.64 Million | -8.46% | 0.12x | $14.11 Million |
| Asdion Bhd (0068) | $3.96 Million | -124.18% | 2.66x | $3.21 Million |
| EA Holdings Bhd (0154) | $107.05 Million | -13.61% | 0.15x | $8.10 Million |
| Sports Toto Berhad (1562) | $746.69 Million | 31.23% | 2.52x | $430.06 Million |
| Batu Kawan Bhd (1899) | $6.08 Billion | 13.57% | 2.26x | $2.08 Billion |
| Kuala Lumpur Kepong Bhd (2445) | $16.14 Billion | 5.17% | 0.87x | $5.93 Billion |
| Hap Seng Consolidated Bhd (3034) | $9.27 Billion | 8.63% | 1.01x | $1.83 Billion |
About Berjaya Assets Bhd
Berjaya Assets Berhad, an investment holding company, primarily engages in the property development and investment business in Malaysia and internationally. It operates through Property Development and Property Investment; Gaming and Related Activities; and Recreation and Others segments. The company engages in the investment, development, management, and leasing of properties; operation of a hot… Read more