Muda Holdings Bhd (3883) - Net Assets

Latest as of September 2025: RM1.17 Billion MYR ≈ $292.75 Million USD

Based on the latest financial reports, Muda Holdings Bhd (3883) has net assets worth RM1.17 Billion MYR (≈ $292.75 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 (RM2.23 Billion ≈ $559.64 Million USD) and total liabilities (RM1.06 Billion ≈ $266.89 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 Muda Holdings Bhd (3883) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM1.17 Billion
% of Total Assets	52.31%
Annual Growth Rate	6.79%
5-Year Change	5.03%
10-Year Change	41.64%
Growth Volatility	8.99

Muda Holdings Bhd - Net Assets Trend (2006–2024)

This chart illustrates how Muda Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Muda Holdings Bhd for the complete picture of this company's asset base.

Annual Net Assets for Muda Holdings Bhd (2006–2024)

The table below shows the annual net assets of Muda Holdings Bhd from 2006 to 2024. For live valuation and market cap data, see 3883 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	RM1.23 Billion ≈ $307.60 Million	-5.77%
2023-12-31	RM1.30 Billion ≈ $326.43 Million	-2.76%
2022-12-31	RM1.34 Billion ≈ $335.69 Million	-1.34%
2021-12-31	RM1.36 Billion ≈ $340.25 Million	+16.18%
2020-12-31	RM1.17 Billion ≈ $292.86 Million	+7.83%
2019-12-31	RM1.08 Billion ≈ $271.60 Million	+3.35%
2018-12-31	RM1.05 Billion ≈ $262.80 Million	+5.88%
2017-12-31	RM988.62 Million ≈ $248.21 Million	+12.89%
2016-12-31	RM875.75 Million ≈ $219.87 Million	+1.24%
2015-12-31	RM864.99 Million ≈ $217.17 Million	+3.67%
2014-12-31	RM834.36 Million ≈ $209.48 Million	+1.69%
2013-12-31	RM820.50 Million ≈ $206.00 Million	+32.55%
2012-12-31	RM619.01 Million ≈ $155.41 Million	+0.25%
2011-12-31	RM617.49 Million ≈ $155.03 Million	+9.95%
2010-12-31	RM561.63 Million ≈ $141.01 Million	+7.23%
2009-12-31	RM523.75 Million ≈ $131.50 Million	+12.44%
2008-12-31	RM465.81 Million ≈ $116.95 Million	+20.04%
2007-12-31	RM388.05 Million ≈ $97.43 Million	+3.42%
2006-12-31	RM375.22 Million ≈ $94.21 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Muda Holdings 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 292.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	RM595.76 Million	50.40%
Common Stock	RM159.47 Million	13.49%
Other Components	RM426.87 Million	36.11%
Total Equity	RM1.18 Billion	100.00%

Muda Holdings Bhd Competitors by Market Cap

The table below lists competitors of Muda Holdings Bhd ranked by their market capitalization.

Company	Market Cap
Nature Holdings Co. Ltd. KQ:298540	$65.87 Million
Vinyl Group Ltd AU:VNL	$65.89 Million
Transindia Real Estate Limited NSE:TREL	$65.95 Million
NFC Indonesia PT Tbk JK:NFCX	$65.99 Million
Emerita Resources Corp V:EMO	$65.86 Million
360 Capital REIT AU:TOT	$65.86 Million
Hindustan Composites Limited NSE:HINDCOMPOS	$65.85 Million
Tunas Alfin Tbk JK:TALF	$65.82 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,255,026,000 to 1,182,104,000, a change of -72,922,000 (-5.8%).
Net loss of 50,508,000 reduced equity.
Dividend payments of 9,152,000 reduced retained earnings.
Other comprehensive income decreased equity by 442,757,000.
Other factors increased equity by 429,495,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	RM-50.51 Million	-4.27%
Dividends Paid	RM9.15 Million	-0.77%
Other Comprehensive Income	RM-442.76 Million	-37.45%
Other Changes	RM429.50 Million	+36.33%
Total Change	RM-	-5.81%

Book Value vs Market Value Analysis

This analysis compares Muda Holdings 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: 0.22x
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 0.67x to 0.22x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	RM1.29	RM0.86	x
2007-12-31	RM1.32	RM0.86	x
2008-12-31	RM1.55	RM0.86	x
2009-12-31	RM1.71	RM0.86	x
2010-12-31	RM1.79	RM0.86	x
2011-12-31	RM1.94	RM0.86	x
2012-12-31	RM1.93	RM0.86	x
2013-12-31	RM2.63	RM0.86	x
2014-12-31	RM2.67	RM0.86	x
2015-12-31	RM2.76	RM0.86	x
2016-12-31	RM2.79	RM0.86	x
2017-12-31	RM3.16	RM0.86	x
2018-12-31	RM3.35	RM0.86	x
2019-12-31	RM3.47	RM0.86	x
2020-12-31	RM3.73	RM0.86	x
2021-12-31	RM4.32	RM0.86	x
2022-12-31	RM4.24	RM0.86	x
2023-12-31	RM4.11	RM0.86	x
2024-12-31	RM3.88	RM0.86	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Muda Holdings 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): -4.27%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.47%
• Asset Turnover: 0.63x
• Equity Multiplier: 1.95x
Recent ROE (-4.27%) is below the historical average (3.74%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	-6.27%	-3.75%	0.75x	2.23x	RM-59.67 Million
2007	4.45%	2.41%	0.85x	2.16x	RM-20.91 Million
2008	10.09%	5.82%	0.91x	1.90x	RM388.41K
2009	7.31%	5.27%	0.76x	1.82x	RM-13.65 Million
2010	6.68%	3.86%	0.83x	2.08x	RM-17.87 Million
2011	8.84%	4.69%	0.88x	2.15x	RM-6.80 Million
2012	2.74%	1.47%	0.87x	2.13x	RM-42.47 Million
2013	5.40%	4.14%	0.70x	1.87x	RM-36.75 Million
2014	2.67%	2.07%	0.67x	1.93x	RM-59.69 Million
2015	3.12%	2.33%	0.71x	1.88x	RM-57.85 Million
2016	2.21%	1.54%	0.74x	1.92x	RM-66.35 Million
2017	6.09%	4.06%	0.77x	1.95x	RM-37.70 Million
2018	7.58%	5.02%	0.79x	1.92x	RM-24.73 Million
2019	3.72%	2.59%	0.78x	1.83x	RM-66.42 Million
2020	7.92%	6.31%	0.73x	1.71x	RM-23.70 Million
2021	5.91%	4.47%	0.73x	1.81x	RM-53.82 Million
2022	-0.63%	-0.46%	0.73x	1.86x	RM-137.56 Million
2023	-2.45%	-2.04%	0.64x	1.88x	RM-156.28 Million
2024	-4.27%	-3.47%	0.63x	1.95x	RM-168.72 Million

Industry Comparison

This section compares Muda Holdings Bhd's net assets metrics with peer companies in the Paper & Paper Products industry.

Industry Context

Industry: Paper & Paper Products
Average net assets among peers: $143,282,545
Average return on equity (ROE) among peers: 3.67%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Muda Holdings Bhd (3883)	RM1.17 Billion	-6.27%	0.91x	$65.87 Million
Wang-Zheng Bhd (7203)	$186.32 Million	5.67%	0.42x	$15.48 Million
CWG Holdings Bhd (9423)	$100.24 Million	1.67%	0.30x	$10.19 Million

About Muda Holdings Bhd

KLSE:3883 Malaysia Paper & Paper Products

Market Cap

$65.87 Million

RM262.34 Million MYR

Market Cap Rank

#20901 Global

#408 in Malaysia

Share Price

RM0.86

Change (1 day)

+5.52%

52-Week Range

RM0.70 - RM1.00

All Time High

RM3.46