MISC Bhd
MISC Berhad engages in ship ownership and operation, other activities related to shipping services, and the operation of offshore floating terminals in Malaysia, the United States, Asia, Africa, and Europe. It operates through Gas Assets & Solutions, Petroleum & Product Shipping, Offshore Business, Marine & Heavy Engineering, and Others segments. The company provides liquefied natural gas (LNG) c… Read more
MISC Bhd (3816) - Net Assets
Latest net assets as of September 2025: RM36.39 Billion MYR
Based on the latest financial reports, MISC Bhd (3816) has net assets worth RM36.39 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM56.38 Billion) and total liabilities (RM19.99 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM36.39 Billion |
| % of Total Assets | 64.55% |
| Annual Growth Rate | 3.92% |
| 5-Year Change | 15.57% |
| 10-Year Change | 5.09% |
| Growth Volatility | 8.9 |
MISC Bhd - Net Assets Trend (2005–2024)
This chart illustrates how MISC Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MISC Bhd (2005–2024)
The table below shows the annual net assets of MISC Bhd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM38.31 Billion | -4.13% |
| 2023-12-31 | RM39.97 Billion | +4.34% |
| 2022-12-31 | RM38.30 Billion | +9.68% |
| 2021-12-31 | RM34.92 Billion | +5.35% |
| 2020-12-31 | RM33.15 Billion | -7.28% |
| 2019-12-31 | RM35.75 Billion | -1.68% |
| 2018-12-31 | RM36.36 Billion | +1.28% |
| 2017-12-31 | RM35.90 Billion | -8.71% |
| 2016-12-31 | RM39.33 Billion | +7.88% |
| 2015-12-31 | RM36.46 Billion | +26.50% |
| 2014-12-31 | RM28.82 Billion | +11.89% |
| 2013-12-31 | RM25.76 Billion | +14.55% |
| 2012-12-31 | RM22.48 Billion | -2.52% |
| 2010-12-31 | RM23.07 Billion | -4.03% |
| 2009-12-31 | RM24.04 Billion | +12.88% |
| 2008-12-31 | RM21.29 Billion | +13.70% |
| 2007-12-31 | RM18.73 Billion | -0.81% |
| 2006-12-31 | RM18.88 Billion | +2.38% |
| 2005-12-31 | RM18.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MISC 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 57.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM19.08 Billion | 50.75% |
| Common Stock | RM8.92 Billion | 23.73% |
| Other Components | RM9.60 Billion | 25.52% |
| Total Equity | RM37.60 Billion | 100.00% |
MISC Bhd Competitors by Market Cap
The table below lists competitors of MISC Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lifco AB (publ)
PINK:LFCBY
|
$3.69 Billion |
|
Globalstar Inc
NYSE MKT:GSAT
|
$3.69 Billion |
|
Great-West Lifeco Inc 4.50% Non-Cum 1st Pfd Shs Ser I
PINK:GRWTF
|
$3.69 Billion |
|
International Bancshares Corporation
NASDAQ:IBOC
|
$3.69 Billion |
|
easyJet plc
OTCQX:EJTTF
|
$3.69 Billion |
|
MIRION TECHNOL. DL-0001
F:55I0
|
$3.68 Billion |
|
LegoChem Biosciences Inc
KQ:141080
|
$3.68 Billion |
|
Dajin Heavy Industry Corp
SHE:002487
|
$3.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MISC Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 39,285,806,000 to 37,604,100,000, a change of -1,681,706,000 (-4.3%).
- Net income of 1,193,500,000 contributed positively to equity growth.
- Dividend payments of 1,606,900,000 reduced retained earnings.
- Other comprehensive income decreased equity by 10,866,434,000.
- Other factors increased equity by 9,598,128,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.19 Billion | +3.17% |
| Dividends Paid | RM1.61 Billion | -4.27% |
| Other Comprehensive Income | RM-10.87 Billion | -28.9% |
| Other Changes | RM9.60 Billion | +25.52% |
| Total Change | RM- | -4.28% |
Book Value vs Market Value Analysis
This analysis compares MISC 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: 0.99x
- 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 1.77x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | RM4.71 | RM8.32 | x |
| 2006-12-31 | RM4.84 | RM8.32 | x |
| 2007-12-31 | RM4.79 | RM8.32 | x |
| 2008-12-31 | RM5.51 | RM8.32 | x |
| 2009-12-31 | RM6.13 | RM8.32 | x |
| 2010-12-31 | RM4.91 | RM8.32 | x |
| 2012-12-31 | RM4.72 | RM8.32 | x |
| 2013-12-31 | RM5.54 | RM8.32 | x |
| 2014-12-31 | RM6.22 | RM8.32 | x |
| 2015-12-31 | RM7.92 | RM8.32 | x |
| 2016-12-31 | RM8.53 | RM8.32 | x |
| 2017-12-31 | RM7.81 | RM8.32 | x |
| 2018-12-31 | RM7.92 | RM8.32 | x |
| 2019-12-31 | RM7.78 | RM8.32 | x |
| 2020-12-31 | RM7.23 | RM8.32 | x |
| 2021-12-31 | RM7.65 | RM8.32 | x |
| 2022-12-31 | RM8.39 | RM8.32 | x |
| 2023-12-31 | RM8.80 | RM8.32 | x |
| 2024-12-31 | RM8.42 | RM8.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MISC 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): 3.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.02%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.61x
- Recent ROE (3.17%) is below the historical average (6.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 15.55% | 26.26% | 0.39x | 1.52x | RM1.01 Billion |
| 2006 | 15.30% | 25.47% | 0.40x | 1.50x | RM988.11 Million |
| 2007 | 13.75% | 19.59% | 0.45x | 1.57x | RM692.89 Million |
| 2008 | 7.29% | 9.68% | 0.43x | 1.75x | RM-568.09 Million |
| 2009 | 3.47% | 5.97% | 0.34x | 1.74x | RM-1.54 Billion |
| 2010 | 10.17% | 18.07% | 0.32x | 1.75x | RM36.19 Million |
| 2012 | 3.66% | 8.14% | 0.25x | 1.77x | RM-1.34 Billion |
| 2013 | 8.44% | 23.24% | 0.22x | 1.63x | RM-385.92 Million |
| 2014 | 7.94% | 23.71% | 0.22x | 1.50x | RM-571.32 Million |
| 2015 | 6.98% | 22.62% | 0.23x | 1.34x | RM-1.07 Billion |
| 2016 | 6.78% | 26.90% | 0.17x | 1.48x | RM-1.23 Billion |
| 2017 | 5.69% | 19.68% | 0.20x | 1.45x | RM-1.50 Billion |
| 2018 | 3.71% | 14.94% | 0.17x | 1.47x | RM-2.22 Billion |
| 2019 | 4.11% | 15.91% | 0.17x | 1.49x | RM-2.05 Billion |
| 2020 | -0.53% | -1.81% | 0.18x | 1.61x | RM-3.40 Billion |
| 2021 | 5.36% | 17.16% | 0.19x | 1.68x | RM-1.59 Billion |
| 2022 | 4.87% | 13.15% | 0.22x | 1.67x | RM-1.92 Billion |
| 2023 | 5.41% | 14.88% | 0.22x | 1.66x | RM-1.81 Billion |
| 2024 | 3.17% | 9.02% | 0.22x | 1.61x | RM-2.57 Billion |
Industry Comparison
This section compares MISC Bhd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $606,431,907
- Average return on equity (ROE) among peers: -93.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MISC Bhd (3816) | RM36.39 Billion | 15.55% | 0.55x | $3.69 Billion |
| Bintulu Port Holdings Bhd (5032) | $1.69 Billion | 21.49% | 0.87x | $134.22 Million |
| Malaysian Bulk Carriers Bhd (5077) | $487.05 Million | 19.13% | 0.31x | $26.08 Million |
| Sealink International Bhd (5145) | $216.54 Million | -1.76% | 0.51x | $14.21 Million |
| Shin Yang Shipping Corporation Bhd (5173) | $1.16 Billion | 0.46% | 0.55x | $25.55 Million |
| EA Technique M Bhd (5259) | $17.46 Million | -862.63% | 31.10x | $18.76 Million |
| PDZ Holdings Bhd (6254) | $53.87 Million | -21.97% | 0.17x | $2.23 Million |
| Suria Capital Holdings Bhd (6521) | $1.11 Billion | 2.98% | 0.24x | $40.92 Million |
| HUBLine Bhd (7013) | $169.06 Million | 7.01% | 1.03x | $15.16 Million |
| Perak Corporation Bhd (8346) | $561.21 Million | -2.78% | 1.11x | $2.36 Million |