Malayan United Industries Bhd (3891) - Net Assets
Based on the latest financial reports, Malayan United Industries Bhd (3891) has net assets worth RM690.61 Million MYR (≈ $173.39 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 (RM2.60 Billion ≈ $653.36 Million USD) and total liabilities (RM1.91 Billion ≈ $479.97 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 3891 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM690.61 Million |
| % of Total Assets | 26.54% |
| Annual Growth Rate | -3.33% |
| 5-Year Change | 578.34% |
| 10-Year Change | -8.26% |
| Growth Volatility | 427.48 |
Malayan United Industries Bhd - Net Assets Trend (2011–2024)
This chart illustrates how Malayan United Industries Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 3891 total assets for the complete picture of this company's asset base.
Annual Net Assets for Malayan United Industries Bhd (2011–2024)
The table below shows the annual net assets of Malayan United Industries Bhd from 2011 to 2024. For live valuation and market cap data, see 3891 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM652.27 Million ≈ $163.76 Million |
-19.29% |
| 2023-12-31 | RM808.19 Million ≈ $202.91 Million |
-20.03% |
| 2022-12-31 | RM1.01 Billion ≈ $253.74 Million |
+1581.24% |
| 2021-12-31 | RM60.11 Million ≈ $15.09 Million |
-37.48% |
| 2020-12-31 | RM96.16 Million ≈ $24.14 Million |
-48.90% |
| 2019-12-31 | RM188.16 Million ≈ $47.24 Million |
-49.89% |
| 2018-12-31 | RM375.51 Million ≈ $94.28 Million |
-30.19% |
| 2017-12-31 | RM537.90 Million ≈ $135.05 Million |
-13.94% |
| 2016-12-31 | RM625.04 Million ≈ $156.93 Million |
-12.09% |
| 2015-12-31 | RM710.98 Million ≈ $178.50 Million |
-29.81% |
| 2014-12-31 | RM1.01 Billion ≈ $254.33 Million |
-1.27% |
| 2013-12-31 | RM1.03 Billion ≈ $257.59 Million |
+0.20% |
| 2012-12-31 | RM1.02 Billion ≈ $257.09 Million |
+1.09% |
| 2011-12-31 | RM1.01 Billion ≈ $254.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Malayan United Industries 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 317305300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM554.19 Million | 84.96% |
| Common Stock | RM98.08 Million | 15.04% |
| Total Equity | RM652.27 Million | 100.00% |
Malayan United Industries Bhd Competitors by Market Cap
The table below lists competitors of Malayan United Industries Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MoneyHero Limited Class A Ordinary Shares
NASDAQ:MNY
|
$40.50 Million |
|
Industrial Investment Trust Limited
NSE:IITL
|
$40.50 Million |
|
Myungmoon Phar
KO:017180
|
$40.51 Million |
|
Prime Financial Group Ltd
AU:PFG
|
$40.51 Million |
|
Mirae Asset Maps Reit 1 Co Ltd
KO:357250
|
$40.48 Million |
|
Inbest Prime VI Inmuebles Socimi SA
MC:YINB6
|
$40.48 Million |
|
Mustek Ltd
JSE:MST
|
$40.48 Million |
|
Trajan Group Holdings Ltd
AU:TRJ
|
$40.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Malayan United Industries Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 808,190,000 to 652,270,000, a change of -155,920,000 (-19.3%).
- Net loss of 76,953,000 reduced equity.
- Share repurchases of 3,931,000 reduced equity.
- Other factors decreased equity by 75,036,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-76.95 Million | -11.8% |
| Share Repurchases | RM3.93 Million | -0.6% |
| Other Changes | RM-75.04 Million | -11.5% |
| Total Change | RM- | -19.29% |
Book Value vs Market Value Analysis
This analysis compares Malayan United Industries 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: 0.25x
- 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 |
|---|---|---|---|
| 2015-12-31 | RM0.24 | RM0.05 | x |
| 2016-12-31 | RM0.21 | RM0.05 | x |
| 2017-12-31 | RM0.18 | RM0.05 | x |
| 2018-12-31 | RM0.13 | RM0.05 | x |
| 2019-12-31 | RM0.06 | RM0.05 | x |
| 2020-12-31 | RM0.03 | RM0.05 | x |
| 2021-12-31 | RM0.02 | RM0.05 | x |
| 2022-12-31 | RM0.31 | RM0.05 | x |
| 2023-12-31 | RM0.25 | RM0.05 | x |
| 2024-12-31 | RM0.20 | RM0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Malayan United Industries 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): -11.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.70%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 3.73x
- Recent ROE (-11.80%) is above the historical average (-39.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -19.20% | -19.90% | 0.34x | 2.87x | RM-207.63 Million |
| 2016 | -20.86% | -31.48% | 0.22x | 3.08x | RM-192.87 Million |
| 2017 | -10.59% | -14.23% | 0.22x | 3.33x | RM-110.74 Million |
| 2018 | -27.33% | -26.12% | 0.23x | 4.49x | RM-140.16 Million |
| 2019 | -105.61% | -66.73% | 0.20x | 7.92x | RM-217.53 Million |
| 2020 | -102.61% | -54.60% | 0.13x | 14.91x | RM-108.29 Million |
| 2021 | -76.40% | -13.54% | 0.23x | 24.07x | RM-51.94 Million |
| 2022 | -1.42% | -2.96% | 0.18x | 2.62x | RM-115.37 Million |
| 2023 | -20.64% | -42.13% | 0.16x | 3.05x | RM-247.64 Million |
| 2024 | -11.80% | -15.70% | 0.20x | 3.73x | RM-142.18 Million |
Industry Comparison
This section compares Malayan United Industries Bhd's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $480,388,968
- Average return on equity (ROE) among peers: -31.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Malayan United Industries Bhd (3891) | RM690.61 Million | -19.20% | 2.77x | $40.49 Million |
| Landmarks Bhd (1643) | $1.86 Billion | -1.85% | 0.22x | $16.86 Million |
| Eastland Equity Bhd (2097) | $71.25 Million | -140.93% | 1.41x | $105.61 Million |
| ECM Libra Financial Group Bhd (2143) | $202.53 Million | 14.98% | 0.13x | $27.36 Million |
| Lien Hoe Corporation Bhd (3573) | $265.00 Million | 35.47% | 0.39x | $10.85 Million |
| Grand Central Enterprises Bhd (5592) | $230.46 Million | -1.89% | 0.10x | $17.06 Million |
| Country Heights Holdings Bhd (5738) | $817.00 Million | 4.41% | 0.67x | $12.55 Million |
| Impiana Hotels Bhd (7243) | $38.04 Million | -163.97% | 4.12x | $118.18 Million |
| Avillion Bhd (8885) | $356.00 Million | 0.56% | 0.52x | $16.00 Million |
About Malayan United Industries Bhd
Malayan United Industries Berhad, an investment holding company, primarily engages in the retailing, hotel, property, food, fast food chain, and financial service businesses in Malaysia, the Asia-Pacific, Australia, North America, and the United Kingdom. The company operates department and specialty stores; designs, manufactures, sources, distributes, and sells garments and accessories; operates … Read more